Industries

Retail

Pandemic takes center stage in holiday shopping ad campaigns

Pandemic takes center stage in holiday shopping ad campaigns

By: Sheila Dang
Source: Reuters
Date of Publication: November 9th, 2020
After spending the summer convincing consumers to take socially distanced breaks from grim reality, advertisers are now returning to the pandemic as the central focus in holiday shopping campaigns launching this month.
Nike to cut 700 jobs at its Oregon headquarters by 2021 _ Fox Business

Nike to cut 700 jobs at its Oregon headquarters by 2021

By: Lucas Manfredi
Source: Fox Business
Date of Publication: November 2nd, 2020
Kristen Lupo, Nike's vice president of Total Rewards, said in the statement that bumping rights will not be available for affected employees and that those not represented by a labor organization will be notified directly.
Here's how stores are changing Black Friday for the pandemic

Here's how stores are changing Black Friday for the pandemic

By: Jordan Valinsky
Source: CNN Business
Date of Publication: October 31st, 2020
Black Friday is officially Black November. Also parts of October. And December, too.
Chevron, Exxon shrink spending as coronavirus cuts demand

Chevron, Exxon shrink spending as coronavirus cuts demand

By: Jennifer Hiller, Arathy S Nair, Shariq Khan
Source: Reuters
Date of Publication: October 30th, 2020
U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit.
Under Armour expects demand for sneakers, face masks to drive annual revenue

Under Armour expects demand for sneakers, face masks to drive annual revenue

Source: Reuters
Date of Publication: October 30th, 2020
Under Armour Inc UA.NUAA.N forecast its annual revenue above Wall Street expectations on Friday, as a pandemic-driven trend to exercise outdoors resulted in a surge in demand for running shoes and face masks.
Sam's Club is putting robot janitors in all of its stores during the pandemic

Sam's Club is putting robot janitors in all of its stores during the pandemic

By: Alexis Benveniste
Source: CNN Business
Date of Publication: October 21st, 2020
Soon every Sam's Club will have a robot to scrub the store floors.
In partnership with Brain Corp, an artificial intelligence company, the membership-only warehouse chain will distribute 372 new autonomous floor scrubbers to its stores this fall.
Santa is skipping Macy's for the first time in 159 years

Santa is skipping Macy's for the first time in 159 years

By: Alexis Benveniste
Source: CNN Business
Date of Publication: October 22nd, 2020
There will be no miracle on 34th Street this year. Santa Claus won't be visiting any Macy's stores in 2020, ending a 159-year holiday season tradition.
Adidas plans to sell ailing Reebok business within months

Adidas plans to sell ailing Reebok business within months

Source: Reuters
Date of Publication: October 22nd, 2020
German sportswear company Adidas is planning to sell its Reebok division, Germany’s manager magazin reported on Thursday, as the group seeks to put an end to its ill-fated investment in the U.S.-focused brand.
U.S. weekly jobless claims fall; many unemployed losing benefits

U.S. weekly jobless claims fall; many unemployed losing benefits

By: Lucia Mutikani
Source: Reuters
Date of Publication: October 22nd, 2020
The number of Americans filing new claims for unemployment benefits fell more than expected last week, but remained very high as the labor market recovery shows signs of strain amid a relentless COVID-19 pandemic and ebbing fiscal stimulus.
CVS to hire 15,000 workers ahead of flu season, COVID-19 vaccines

CVS to hire 15,000 workers ahead of flu season, COVID-19 vaccines

Source: Reuters
Date of Publication: October 19th, 2020
U.S. pharmacy chain CVS Health Corp on Monday said it will hire 15,000 employees in the fourth quarter of this year as the onset of winter could fuel a resurgence in the spread of COVID-19 and flu cases.