As it lowered its recommendation on Apple Inc.‘s stock from neutral to sell, Goldman Sachs noted that the tech firm could lose one-third of its iPhone sales in Q2. Analysts, with the inclusion of Rod Hall, said in a note that iPhone unit sales are ready...
At long last, the retail community can start discussing plans to reopen. The Trump administration’s informal guidance released on Thursday (April 16) did not exactly clarify the situation, but some nonessential retailers are going public with reopening plans, and these might provide a roadmap for...
The ripple effects from the COVID-19 crisis continue to spread throughout the business world, with the advertising industry now feeling its destructive effects. Those were quantified yesterday in a new Internet Advertising Bureau survey that shows a steep decline expected in ad spending across digital media Get...
The House Of Luxury (HOL) had just opened its new signature gallery in London’s posh Mayfair district when the COVID-19 crisis broke in London. And it wasn’t just any luxury items that were in stock there. The inventory was a menu of the most expensive...
As U.S. consumers built up a supply of household staples such as cough medicine and laundry detergent amid the spread of the coronavirus, Procter & Gamble registered its largest sales increase in the U.S. in many years. Heightened demand in the company’s home market more...
The coronavirus has had a catastrophic effect on retailers worldwide, and Hong Kong – known as a shopping mecca with its many upscale shopping malls and outlet stores – is no exception. Get the Full Story Complete the form to unlock this article and enjoy...
The world of high fashion is starting to look like a fire sale. As retailers look for a way out of an unprecedented cash flow crunch, many are slashing prices online and offering free shipping. The move is good for consumers, but for the retailers...
Wednesday’s Commerce Department retail sales figures showed in no uncertain terms that consumer spending for non-essential goods has taken a huge hit. While the overall drop was in the neighborhood of 8 percent, the plunge in non-essential goods like apparel (down 50.5 percent) and furniture...
Hundreds of retailers – both direct-to-consumer (DTC) and traditional – have lent their expertise and capital to helping the world recover from the devastation of the COVID-19 virus. At organic skincare company Nuria, that sense of community is built into its DNA. Yes, it’s contributing...
