McDonald’s cutting about $1 billion in spendingMcDonald’s is slashing spending and has withdrawn its 2020 outlook and long-term forecast amid the uncertainty due to the COVID-19 pandemic and its impact on the economy. Walmart’s annual shareholder meeting going virtual — but without the partyThe huge, celebrity-studded celebration for Walmart employees that precedes its annual shareholder meeting has been canceled. Walmart reportedly puts efforts to sell Asda on hold Walmart’s ongoing efforts to sell a majority stake in its U.K. supermarket chain ASDA may have been put on the back burner for the time being. Lidl’s U.S. expansion continues with opening of new distribution center Lidl has opened a regional distribution center to support its growing U.S. footprint. Coach parent extends store closures, employee pay; cutting costs Tapestry is keeping its store doors closed for another two weeks, at least. Global e-commerce transactions to increase 43% during next five years Global online sales will reach $4.8 trillion by 2024, up from $3.3 trillion in 2020. Demand surge overwhelms major U.K. e-grocer Ocado Ocado is temporarily shutting down access to its e-commerce site. Starbucks to offer national delivery, plans new China facility and stores Starbucks is ramping up delivery capabilities in the wake of its temporary “to go”-only store operations policy. Walmart, Walmart Foundation commit to global COVID-19 response effort Walmart and the Walmart Foundation have committed $25 million to support organizations on the front lines responding to the outbreak of the global COVID-19 pandemic. Yum! Brands completed $375 million acquisition Yum! Brands has added another banner to its portfolio of restaurant brands. First Previous 79 80 81 82 83 Next Last
