ARTICLES BY THIS AUTHOR
- 4/7/2020
McDonald’s cutting about $1 billion in spending
McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy. - 4/7/2020
Estimated March imports hit five-year low; decline likely to continue
Estimates show that imports at major U.S. retail container ports dropped to their lowest level in five years in March, with imports are projected to remain significantly below normal levels through early summer as the COVID-19 pandemic continues. - 4/7/2020
Panera Bread is now selling groceries
Panera Bread has entered the grocery business — sort of. - 4/7/2020
Nordstrom: Financial situation could become ‘distressed’ if stores remain dark
Nordstrom Inc. gave an update on the impact of COVID-19 in a securities filing on Wednesday. - 4/7/2020
Ralph Lauren forgoing salary for full year as more companies announce pay cuts
More retail companies are furloughing employees and announcing executive pay cuts — some to greater degrees than others — as stores remain closed indefinitely during the COVID-19 pandemic. - 4/6/2020
Walgreens to open 15 drive-thru COVID-19 testing sites in ‘hot spot’ markets
Walgreens is moving to expand the availability of rapid COVID-19 testing. - 4/6/2020
NPD: Retail ‘bright’ spots during COVID-19
Dollar sales declined 16% in the third week of March as hoarding slowed, but growth in a number of key industries helped stave off an even greater decline. - 4/6/2020
Nike leverages product innovation expertise to develop full-face shields
Nike has drawn on its access to materials and expertise in product innovation expertise to develop full-face shields and powered, air-purifying respirator (PAPR) lenses to protect against COVID-19. - 4/6/2020
Walmart’s annual shareholder meeting going virtual — but without the party
The huge, celebrity-studded celebration for Walmart employees that precedes its annual shareholder meeting has been canceled. - 4/6/2020
Lowe’s stores to close for Easter; new ad spot thanks front line responders
Lowe's Cos. is giving its employees time to “recharge” this Sunday.