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Tag: after

Gap stock soars after Kanye West touts collaboration with his brand

Gap shares soared Friday after Kanye West shared a photo that touted his collaboration with the retailer. Shares closed up 18.8% Friday at $12.07, but had been up as much as 40% earlier in the day. The move added more than $700 million to Gap’s market cap, pushing it to about $4.5 billion.  Gap and …

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Back to work: businesses gear up for life after lockdown | Retail industry

Pubs, restaurants, cafes and hairdressers in England will reopen on 4 July and business owners have been preparing with a mix of excitement and trepidation. Mitch Tonks, chef-proprietor Seahorse, Dartmouth and Rockfish restaurants “We’re in the entertainment business,” says chef Mitch Tonks. “We create restaurants so that people can relax and have a wonderful time. …

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No going back to normal after the pandemic? Don’t bet on it | Coronavirus outbreak

As the US army rolls into a newly liberated Paris, a woman sits serenely under the only working hairdryer in the city. The war photographer Lee Miller’s iconic shot of a salon reopening amid the rubble in the summer of 1944 could easily have become an image of heartless vanity when Vogue published it. Who …

No going back to normal after the pandemic? Don’t bet on it | Coronavirus outbreakRead More

Luckin Coffee moves to remove chairman after accounting scandal

Charles Zhengyao Lu. VCG | Getty Images Luckin Coffee announced Friday that its board of directors is moving to force out director and Chairman Charles Zhengyao Lu following an internal investigation of a financial scandal. A meeting will be held July 2 to consider the resignation removal proposal, according to a company statement.  The proposal was …

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After Covid-19: How will a socially distanced high street actually work? | Business

Britain’s once bustling high streets are now eerily quiet, with all non-essential shops closed and thousands of staff furloughed. Many may never reopen as the lockdown accelerates shifts to online shopping, while others will have to find ways to adapt to a radically different retail world of long-term social distancing rules and nervous customers afraid …

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After the lockdown: how a degree of normality could return to UK working life | Business

The government is coming under increasing pressure to outline its strategy for bringing different sectors of the economy out of the coronavirus lockdown. Economists have suggested a “traffic light” system to enable staggered reopenings, moving from red to amber to green as business resumes in certain sectors. Austria has embraced a step-by-step approach and small …

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Suppliers ration stocks of tinned tomatoes after surge in demand | Business

Tinned tomato suppliers are rationing stocks to supermarkets after demand in the UK surged more than 30% and threatened to use up supplies ahead of this year’s harvest. Supermarkets and convenience store groups are understood to be jockeying for supplies as families continue to buy more tinned foods than usual after the closure of schools …

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Starboard, eBay proxy fight ends after eBay hires new CEO

Jamie Iannone, CEO of SamsClub.com & EVP of Membership & Tech, Sam’s Club, Walmart, speaks on “The three things every leader should know” at Center Stage of Web Summit in Altice Arena on November 07, 2019 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Starboard Value is backing away from its plan to …

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Next shuts website for the day only hours after reopening | Business

Next has shut its website for the day only hours after reopening, having met its order target by 8.30am. The clothing retailer reopened its online operations for the first time in almost three weeks on Tuesday after closing because of concerns about the safety of staff in its warehouses during the coronavirus crisis. Next began …

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Next restarts online sales after protecting staff from Covid-19 | Business

Next bosses have said they will begin selling online again on Tuesday this week after putting extra safety measures in place to ensure warehouse staff can work safely. The UK’s second-biggest clothing retailer closed its online operations in late March because of the coronavirus crisis. But a statement posted on the Next website said warehouse …

Next restarts online sales after protecting staff from Covid-19 | BusinessRead More