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Tag: recovery

Restaurant industry asks for $145 billion recovery fund from the government

Patrons eat at Tom’s Restaurant in the Prospect Heights neighborhood of Brooklyn on March 16, 2020 in New York City. Victor J. Blue | Getty Images The National Restaurant Association is asking the federal government for financial relief for the industry as it forecasts sales declines of $225 billion over the next three months due …

Restaurant industry asks for $145 billion recovery fund from the governmentRead More

Look to Starbucks recovery in China

Starbucks‘ decision to reopen a store in Hubei province is evidence that the coronavirus outbreak has indeed slowed in China, CNBC’s Jim Cramer said Thursday.  “Starbucks is not the PRC and is truthful, not propaganda,” Cramer said on “Squawk Box.” The reference to the PRC stands for the communist People’s Republic of China. While questions have been …

Look to Starbucks recovery in ChinaRead More

Record Black Friday drives Asos recovery after profit warnings | Business

The online fashion retailer Asos has staged a comeback after a difficult year in which it issued two profit warnings. It credited a record Black Friday for strong sales growth over the festive period. The firm said overall sales grew 20% to £1.1bn in the four months to 31 December, up from the 13% growth …

Record Black Friday drives Asos recovery after profit warnings | BusinessRead More

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’

Pier 1 Imports posted another big quarterly loss as the retailer aggressively cleared out goods in anticipation of its merchandising and marketing reset, key elements of its turnaround strategy.  The struggling home décor chain reported a net loss of $100.6 million, or $24.29 per share, in the quarter ended August 31, which includes transformation costs …

Pier 1 Q2 loss doubles amid heavy clearance activity; sees ‘gradual recovery’Read More