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McDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy.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. - 4/7/2020
Starbucks makes $10 million commitment to new employee relief initiative
Starbucks Corp. is expanding its efforts to help its employees around the world affected by the COVID-19 crisis. - 4/7/2020
Fitch Ratings: The retailers most vulnerable to current spending downtown include…
The COVID-19 pandemic is upending U.S. retail discretionary spending, which is projected to decline by 40% to 50% in the first half of 2020. - 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.