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Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift - WSJ

Coupon-Clipping Fades Into History as Covid-19 Accelerates Digital Shift

By: Annie Gasparro
Source: The Wall Street Journal
Date of Publication: September 1st, 2020
Dunkin’, Smucker, Walgreens among companies shifting discounts from paper to apps.
Amazon reports over 19,000, or 1.44%, of U.S. frontline employees had COVID-19

Amazon reports over 19,000, or 1.44%, of U.S. frontline employees had COVID-19

By: Jeffrey Dastin
Source: Reuters
Date of Publication: October 1st, 2020
Amazon.com Inc on Thursday said more than 19,000 of its U.S. frontline workers contracted the coronavirus this year, or 1.44% of the total, a disclosure sought by labor advocates who have criticized the COVID-19 response of the world’s largest online retailer.
U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

U.S. consumer confidence posts biggest gain in 17 years; downside risks remain

By: Lucia Mutikani
Source: Reuters
Date of Publication: September 29th, 2020
U.S. consumer confidence rebounded by the most in 17 years in September amid an improvement in labor market views, but it remained below levels that prevailed before the COVID-19 pandemic struck the nation early this year.
From one office to 5,000: How remote work could reshape a company’s sustainability goals

From one office to 5,000: How remote work could reshape a company’s sustainability goals

By: Yasmin Gagne
Source: Fast Company
Date of Publication: September 30th, 2020
With fewer employees coming into the office after the COVID-19 pandemic, companies may have to rethink their environmental footprint.
Fashion designer Gareth Pugh poses for a photograph in front of his creations, exhibited ahead of his London Fashion Week show in London, Wednesday, Sept. 16, 2020. (Photo by Vianney Le Caer/Invision/AP)

End of the runway? Fashion world mulls post-COVID future

By: Sylvia Hui
Source: The Associated Press
Date of Publication: September 18th, 2020
It’s the September fashion week season, and in any other year London would be abuzz with fashionistas zipping across town in Mercedes Benzes, hobnobbing with celebrities at glittering catwalk shows before sipping champagne at late-night parties.
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Walmart Is Offering Home Covid-19 Testing Kits by Drone

By: Lisa Lacy
Source: Adweek
Date of Publication: September 22nd, 2020
Trials are beginning in Nevada and New York.
Another 870,000 workers filed for jobless benefits last week

Another 870,000 workers filed for jobless benefits last week

By: Eli Rosenberg
Source: Washington Post
Date of Publication: September 24th, 2020
Another 870,000 new applications for unemployment insurance were processed last week, a slight increase from the week before, as unemployment claims remain stubbornly high six months into the pandemic.
Walmart expands fashion focus with new private clothing label for men and women

Walmart expands fashion focus with new private clothing label for men and women

By: Melissa Repko
Source: CNBC
Date of Publication: September 21st, 2020
Walmart is launching Free Assembly, a private label of men’s and women’s clothing, which will sell online and in stores. The big-box retailer’s leaders have looked beyond the grocery aisles and sought to sell more general merchandise to turn e-commerce into a profitable business. With the coronavirus pandemic, Walmart has a new opportunity to grab market share from apparel retailers like J.C. Penney that have filed for bankruptcy protection and others, such as Kohl’s and Macy’s, that have seen sales drop. Yet Walmart still has to prove it can keep up with consumer tastes and provide good value in the fickle fashion world.
Coronavirus and luxury retail: Shopping for used Hermes, Cartier in Covid era

Coronavirus and luxury retail: Shopping for used Hermes, Cartier in Covid era

By: Eric Rosenbaum, Susan Caminiti
Source: CNBC
Date of Publication: September 19th, 2020
The luxury market has taken a big hit during the pandemic, and the mega-deal between Tiffany’s and LVMH is on the verge of falling apart. Used apparel and accessories start-ups The RealReal and ThredUp are rebuilding business models to deal with Covid-19 requirements. Resale experiments at department stores like Macy’s are underway and its CEO says luxury is a bright spot amid a bleak retail landscape, while Walmart also has a new deal with ThredUp. Luxury shopping is a big consumer prize: Amazon just announced its entry, Amazon Luxury Stores.
Shares of furniture retailer Herman Miller soar 33% as home office sales surge

Shares of furniture retailer Herman Miller soar 33% as home office sales surge

By: Maggie Fitzgerald
Source: CNBC
Date of Publication: September 17th, 2020
Shares of Herman Miller are soaring after a blowout earnings report. The office furniture retailer said its home office category increased 300% since last year amid the work-from-home trend. “They reported a completely blowout quarter last night. Why? Because people are rebuilding their homes,” CNBC’s Jim Cramer said on “Squawk on the Street” on Thursday.