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Tag: coronavirus

Analyst: Coronavirus will hit airport retailers worldwide

Airport retail, which has been on a fast track, is likely to decline as a result of the spreading coronavirus.  That’s according to GlobalData Retail, which said that the prevention of travel for Chinese consumers will impact the performance of airport retail worldwide. Global airport retail had been estimated to increase 6.1% in 2020, to …

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Coronavirus will hit airport retail worldwide: GlobalData

Global airport retail sales are forecast to reach US$ 48.2 billion in 2020, up 6.1 percent on 2019, according to GlobalData, a leading data and analytics company. However, the escalation of the severity of coronavirus could now have a detrimental impact on airport passenger numbers – causing concern for airport operators and retailers. In response to …

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Oreo maker Mondelez says coronavirus could hurt sales in first quarter

Mondelez CEO Dirk Van de Put said on Thursday that he expects first-quarter revenue to be affected by the spread of the coronavirus, which has killed at least 171 people in China and infected more than 8,200 since emerging less than a month ago. The company has already closed two factories near the epicenter of …

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Starbucks’ strong Q1 overshadowed as it sounds warning on coronavirus outbreak

Starbucks has temporarily shuttered more than half of its stores in China in response to the coronavirus.  On its quarterly earnings call with analysts, Starbucks executives warned that the viral outbreak could “materially affect” its fiscal 2020 results. Starbucks had 4,292 stores in China at the end of last year. The country is the chain’s …

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Jack Ma pledges 14 million dollars for developing coronavirus vaccine, Retail News, ET Retail

The donations were made through Jack’s charitable foundation, out of which 5.8 million dollars would be handed over to two research organizations of the Chinese government, whereas the rest would go towards “prevention and treatment”, New York Post quoted CNN.ANI  |  January 30, 2020, 13:26 IST Source link

Analyst: Coronavirus will hit airport retailers worldwide

Airport retail, which has been on a fast track, is likely to decline as a result of the spreading coronavirus.  That’s according to GlobalData Retail, which said that the prevention of travel for Chinese consumers will impact the performance of airport retail worldwide. Global airport retail had been estimated to increase 6.1% in 2020, to …

Analyst: Coronavirus will hit airport retailers worldwideRead More

Bath & Body Works could see soap sales surge as coronavirus spreads

Roberto Machado Noa | LightRocket | Getty Images Bath & Body Works owner L Brands could be poised to benefit from an increase in sales of its soaps and hand sanitizers as consumers try to protect themselves from the spread of the deadly coronavirus, an analyst said Monday. The retailer “could experience (and meet) a …

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Coronavirus shuts restaurants in China, sending Luckin, Starbucks shares lower

Wary of the coronavirus, crowds of people wear surgical masks. In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Willie Siau | Getty Images Restaurant stocks fell Monday amid mounting concern about the Wuhan coronavirus and its impact on the global economy. The …

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World financial markets rocked by China coronavirus | Business

Financial markets around the world have been rattled by the coronavirus outbreak, with its centre in Wuhan, a city known as the Chicago of China for its central location and booming car manufacturing industry. Amid growing concern over the spread of the virus, China has put Wuhan and four other cities with a combined population …

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Procter & Gamble says it is monitoring China coronavirus

A Chinese passenger that just arrived on the last bullet train from Wuhan to Beijing is checked for a fever by a health worker at a Beijing railway station on January 23, 2020 in Beijing, China. Kevin Frayer | Getty Images Procter & Gamble said Thursday that it is monitoring the spread of the Wuhan …

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