Wednesday , July 8 2020

Tag Archives: retail

Ad Campaign Says Don't Let Covid-19 Fear Delay Doctor Visits

Several large health-care organizations are partnering on an advertising campaign to encourage people to return to their medical providers as the pandemic continues, a sign of how difficult it has been to allay fears of catching the coronavirus during visits to a doctor or pharmacy. Patients worried about contracting Covid-19 …

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Uber to Buy Postmates for $2.65 Billion in Stock

Uber Technologies Inc. said its $2.65 billion deal for rival Postmates Inc. will help it better compete in restaurant delivery and the market for delivering groceries and other staples, a signal of the ride-hailing company’s ambitions to provide a wider range of items to consumer doorsteps. With its all-stock purchase …

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Tech Giants to Face EU Legal Push

BRUSSELS—Big tech companies including Google parent Alphabet Inc., Amazon.com Inc. and Facebook Inc. face a swath of proposed European regulations aimed at curbing their alleged anticompetitive behavior, making them pay more taxes and compelling them to shoulder more responsibility for illegal content on their platforms, said a top European Union …

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Time for RV Investors to Hit the Road

The recreational-vehicle industry is enjoying a nice ride, but investors shouldn’t park their money for long. With plane travel still largely grounded and the cruise industry temporarily docked, recreational vehicles offer owners the ability to turn shelter-in-place into an instant summer vacation. That has been a boon lately for RV …

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Gasoline Is Cheap This July Fourth. Fuel Retailers Aren't Complaining.

Drivers hitting the road over July Fourth weekend are poised to enjoy the cheapest holiday gasoline prices in years, but the gas stations are doing OK, too. Fuel retailers have benefited from record margins on gasoline in recent months. The difference between the price U.S. consumers paid at the pump …

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Clothing Retailer Lucky Brand Files for Bankruptcy

Clothing retailer Lucky Brand Dungarees LLC has filed for bankruptcy with initial plans to close at least 13 stores and with a possible deal to sell its private equity-backed business to the operator of Aéropostale and Nautica brands. Debts of the Los Angeles-based business, which is owned by Leonard Green …

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During Covid-19 Pandemic, the Used-Car Lot Is Hot

The Covid-19 pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars. Sales of used vehicles in the U.S. have roared back after dropping 38% in April, when states were shut down and some dealerships were forced …

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Apparel Brands Push More-Stylish Dressing at Home

Business-casual retailers are trying to figure out how to entice Americans who have grown used to T-shirts, leggings and gym shorts to buy their blazers, maxi dresses and fancier pants. Brands like Ann Taylor, Banana Republic and Express have organized online categories around working or staying at home, hoping to …

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Facebook Boycott Organizers Want a Civil Rights Expert in the Company's Executive Suite

Facebook Inc. leaders including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg are set to meet early next week with civil rights groups that called for an advertising boycott against the company over its handling of hate speech and misinformation. Among the top requests from the groups will …

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Businesses Hit Hard by Coronavirus Claw Back Jobs

WASHINGTON—The two industries that suffered the most job loss because of the coronavirus pandemic and related shutdowns—hospitality and retail—saw the strongest gains the past two months as the U.S. economic engine restarted. Still, those industries—and employers more broadly—are far from replacing all the jobs lost since February. And bars, restaurants, …

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Major Tech Company CEOs to Testify Before Congress

WASHINGTON—The chief executives of Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google have agreed to testify before the House Judiciary Committee as it investigates their power over the digital marketplace, according to a spokeswoman for the committee. The hearing is planned for later this month, the spokeswoman said. …

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Car Sales Fell in the Second Quarter, Despite Deals and Covid-19 Stimulus

Major auto makers reported sharp drops in second-quarter U.S. vehicle sales, as sweet discounts and financing deals weren’t enough to offset factory and dealership closures from the Covid-19 pandemic. General Motors Co. reported a 34% drop in second-quarter sales compared with a year earlier, with demand picking up in May …

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Macy's Says Most Stores Have Reopened

Macy’s Inc. said nearly all its stores have reopened after a monthslong closure due to the Covid-19 pandemic, though the retailer warned it could take other measures as states tally more coronavirus infections. “While we do not expect another national shutdown, we do anticipate a regional impact as consumers are …

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TuSimple Adds Logistics Operators to Self-Driving Trucks Effort

Self-driving trucking startup TuSimple is teaming up with big logistics operators to bulk up its delivery business as it lays the groundwork for a planned coast-to-coast autonomous freight network. TuSimple plans to nearly double the number of its weekly freight runs to 93, up from about 50 currently, as it …

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FedEx Reports Better-Than-Expected Revenue as Residential Deliveries Surge

FedEx Corp. said Christmas-like levels of online shopping boosted its business, and it is seeing tentative signs that the global economy is recovering from the coronavirus pandemic. The delivery giant also experienced a jump in international cargo during the fiscal fourth quarter, helping to offset the significant decline in commercial …

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Facebook Bans Large Segment of Boogaloo Movement

Facebook Inc. has classified a large segment of the boogaloo movement as a dangerous organization and banned it from its network, in the tech company’s broadest move yet against the group. The company said in a blog post it removed more than 300 Facebook and Instagram accounts and 106 groups …

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