, Makeup companies take a hit with faces covered in masks
The lipstick index, coined by Estée Lauder chairman Leonard Lauder, is a good indicator of the state of an economy. If the sales were up, it meant people indulged in small luxuries, and the economy was in the doldrums. But in corona times, the lipstick index is down, and the economy is still in the dumps.
, PPP program gets 6-week extension to utilize unused $130 billion funds
The Paycheck Protection Program (PPP), a stimulus program that the U.S. government announced earlier to help small businesses tide over loss in income due …
, Pandemic of Plastic in Corona Times
The Covid-19 pandemic has had an impact on the way we live in myriad ways. The lockdown, shelter in place and a cut down …
, Amazon, Softbank show interest in stake in Russian e-retailer Ozon
Russian conglomerate Sistema, the majority owner of online retailer Ozon, said that Amazon and Japanese Softbank had shown interest in buying a stake in …
, Nike reports $790 million sales drop for latest quarter
Nike, the leading footwear and athletic wear brand, reported a pandemic related sales drop of $790 million in its fourth-quarter fiscal report. In an …
, Albertsons is planning an IPO with a billion dollar valuation
Albertsons Companies, the nation’s’ fourth-largest supermarket chain, has filed for an initial public offering with plans to raise up to $1.32 billion. The company …
, Colgate-owned ‘Black Person Toothpaste’ to get a makeover
Colgate-Palmolive Co. has announced a review of its toothpaste brand Darlie, which once featured an image of a wide-eyed, white man with blackface make-up. …
, Experts Says It Is Premature To Celebrate Surge in Retail Sales
The 17.7% jump in retail sales in the US saw the bourses celebrating the return of consumer confidence. Still, experts believe that the consumers …
, Big Companies Like Apple and Amazon to Close Shops, Defer Deliveries
Businesses and retailers, who welcomed the resumption of economic activities, are facing another crisis—protests and demonstrations against the death of an African American due …
, How is COVID-19 Affecting US Businesses
The ongoing Coronavirus pandemic has threatened the livelihood of many small and medium enterprises. The prolonged shutdown of non-essential businesses all over the world …
, Macy’s Forecasts Q1 2020 Loss Above $1 Billion
Macy’s Inc. forecast a Q1 2020 loss of up to $1.11 billion on Thursday, as the retailer was forced to close stores due to …
, JC Penney files for Bankruptcy Protection
United States departmental store JC Penney recently became the latest American retailer to be pushed into bankruptcy by the COVID-19 pandemic. The business stated …
, Online Shopping Adapts As Pandemic Upends Retail Trends
The coronavirus has forced lockdowns, and shelter-in-place orders have been enforced in almost all parts of the world. With people restricted to home territory …
, Amazon’s First Quarter Results Show Growing Sales But Fall In Profit
Amazon Inc. reported its first-quarter earnings for 2020, with a spurt in sales to the tune of $75 million, a net income of $2.5 …
, India to Open Manufacturing in Certain Sectors in Phases
India, which has been on a 21-day lockdown due to the COVID-19 coronavirus pandemic, is planning to lift the ban on manufacturing in some …
, Victoria’s Secret Label to Get a Makeover
L Brands, the owner of the Victoria’s Secrets brand finalized a deal to sell a 55 percent stake to Sycamore Partners, an equity firm, …
, US Stocks Take A Hit Following Coronavirus Spread
Whether you want to stay up-to-date on the latest business news, read in-depth CEO interviews, or find new ideas on leadership, management and innovation, …
, Saying It with Numbers on Valentine’s Day
February 14 is a tough day to be single. Celebrated as the day of love, which in today’s parlance is all about gifting as …
, Novartis’ Million Dollar Gene Therapy Drug Sales Boost Earnings
Novartis, the Swiss drugmaker, in its fourth-quarter earnings reported a jump of 9 per cent in sales, raking in $12.4 billion and the company …
, Eat, Spray, Love: Most Expensive Perfumes of All Time
It is said that you are not fully dressed without perfume. And going by the $11,7 billion industry, it is an adage that many …
, Most Expensive Clothing Brands of 2019
Clothes are a form of expression of taste, class, and fashion sense. Very rarely are they used to just keep the elements away. Right …
