Topics

Sales

U.S. retail sales slow amid pandemic, lack of fiscal stimulus

U.S. retail sales slow amid pandemic, lack of fiscal stimulus

By: Lucia Mutikani
Source: Reuters
Date of Publication: November 17th, 2020
U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.
Sony PS5 sold out online as pandemic chills real-world retailing

Sony PS5 sold out online as pandemic chills real-world retailing

By: Sam Nussey
Source: Reuters
Date of Publication: November 11th, 2020
Sony Corp’s PlayStation 5 (PS5) console launched in core markets on Thursday to intense interest online, but with first day real-world sales limited to pre-order pick-ups.
Hershey reinstates full-year outlook after Halloween playbook pays off

Hershey reinstates full-year outlook after Halloween playbook pays off

By: Siddharth Cavale
Source: Reuters
Date of Publication: November 6th, 2020
Hershey Co HSY.N beat profit and sales estimates and reinstated its full-year financial forecasts on Friday, after early promotions and strong use of data to predict Halloween trends paid off in the third quarter, sending its shares up 3%.
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.
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.
Sony Playstation 5

Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch

By: Peter Landers
Source: The Wall Street Journal
Date of Publication: October 28th, 2020
Company joins Japanese tech companies’ V-shaped recovery.
Mondelez candy in Halloween buckets

Brands have some new tricks up their sleeves this Halloween

Source: Marketing Dive
Date of Publication: October 28th, 2020
The pandemic has pushed marketers to adopt more digital and mobile tactics, with promising early results as sales of chocolate and candy tick upward.
P&G products

P&G sales surge amid pivot to digital, $100M investment in advertising

By: Chris Kelly
Source: Marketing Dive
Date of Publication: October 21st, 2020
Procter & Gamble's revenue rose 9% to $19.3 billion in Q1 2021, per its most recent quarterly earnings report.
Nestlé logo

Pandemic-Era Shoppers Splurge on Vitamins, Boosting Nestlé Sales

By: Saabira Chaudhuri
Source: The Wall Street Journal
Date of Publication: October 21st, 2020
Small health-science division posts double-digit gains as consumers flock to products that boost health.