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Tag: Apple Inc.

How businesses are planning to bring workers back after coronavirus

At some point, the biggest American companies are going to tell their employees it’s time to leave home and return to work.  That decision will be fraught with risk without widespread testing for the COVID-19 virus. For some industries, such as Wall Street banks, ubiquitous testing is essential to bringing back their workforce to offices …

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At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

At least 150 companies have warned investorsRead More

Walmart CEO Doug McMillon took bold stances in 2019. Next year he’ll have an even bigger platform

Doug McMillon, chief executive officer Walmart Jonathan Fickies | Bloomberg | Getty Images After two deadly shootings at Walmart stores over the summer, Walmart CEO Doug McMillon made a surprising move.  The retailer on Sept. 3 said it would halt sales of ammunition for assault-style rifles and handguns and that it would begin asking shoppers …

Walmart CEO Doug McMillon took bold stances in 2019. Next year he’ll have an even bigger platformRead More

There’s may be no inflation, but you could spend $250 on a dead tree

Tim Seymour shopping for a Christmas tree on Manhattan’s Upper West Side. Source: Tim Seymour On a Saturday morning earlier this month, I went out with my daughter on the annual urban pilgrimage to buy a Christmas Tree in New York City. My son was too busy on his iPad to care (AAPL all-time highs). …

There’s may be no inflation, but you could spend $250 on a dead treeRead More

SoftBank closes $231 million investment in Lenskart, Retail News, ET Retail

NEW DELHI: SoftBank has invested about $231 million (Rs 1,645 crore) in Lenskart Solutions after months of negotiations with the eyewear solutions company. The Japanese group will back the Faridabad-based company, now valued at $1.5 billion from its second Vision Fund The financing round was first reported by ET in its edition dated May 27. …

SoftBank closes $231 million investment in Lenskart, Retail News, ET RetailRead More

How Amazon changed America’s malls in the 2010s

Shoppers walk through the food court at the Easton Town Center Mall in Columbus, Ohio. Luke Sharrett | Bloomberg | Getty Images These days, in the country’s most upscale malls, it seems like shoppers are doing everything but perusing apparel. Consumers can play glow-in-the-dark mini golf at Simon Property Group’s Roosevelt Field in Garden City, …

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Cyber Monday sales hit record $9.2 billion: Adobe Analytics

Cyber Monday sales in 2019 are reaching new records, as the ease of shopping on the internet beats hopping in the car to head to the mall. Shoppers are expected to ring up a whopping and record $9.2 billion online on Monday, up 16.9% from a year ago, with people spending an estimated $11 million …

Cyber Monday sales hit record $9.2 billion: Adobe AnalyticsRead More

Shoppers spend a record $5.4 billion online on Black Friday: Adobe

Consumers aren’t waiting until Cyber Monday to shop online this holiday season. Spending online on Black Friday, as of 9 pm ET, hit a new record of $5.4 billion, up 22.3% from a year ago, according to data pulled from Adobe Analytics, which measures transactions from 80 of the top 100 U.S. online retailers. This …

Shoppers spend a record $5.4 billion online on Black Friday: AdobeRead More

Shoppers might not be flocking to stores on Black Friday. But they’re still spending

This Black Friday, fewer shoppers are flocking to the mall to snag discounted clothing and electronics. Some stores looked eerily sparse. But that doesn’t necessarily mean spending is going to be weak this holiday season. It’s simply a sign of a fundamental shift happening in the retail industry: More purchasing is moving online. Shoppers already …

Shoppers might not be flocking to stores on Black Friday. But they’re still spendingRead More

Apple’s ‘big story’ this holiday season is its credit card: Analyst

The “big story” for Apple this holiday shopping season won’t be what products consumers buy but how they pay for it, according to D.A. Davidson & Co. analyst Tom Forte. “AirPods Pro [is] a good product, but I think the story for Apple’s holiday sales this year is in payments with the Apple Card,” he …

Apple’s ‘big story’ this holiday season is its credit card: AnalystRead More