COVID-19 has reshaped the retail industry
August 11, 2020
Tractor Supply has been one of the big retail industry winners as the novel coronavirus pandemic has upended Americans’ personal and professional lives. Macy’s has been one of the big losers, having gone from being part of the S&P 500 in January to falling out of it by July. “It’s very Darwinian,” said Beth Ann Bovino, chief U.S. economist for S&P Global. “It’s survival of the fittest and, oftentimes, the survival of the biggest.”
Recent News
Trader Joe’s Recalls Organic Basil Product Linked to Salmonella Outbreak
The company’s Infinite Herbs Organic Basil product is recalled due to a possible salmonella contamination.
Procter & Gamble Reports Mixed Results After Price Hikes
Procter & Gamble’s recent quarterly results showed a mix of gains and setbacks. Despite facing challenges in attracting shoppers due to increased prices over the past two years, the company managed to exceed earnings expectations.
JetBlue and Southwest Airlines Collision Narrowly Avoided at Reagan National Airport
An air traffic controller instructed one plane to cross the runway at the same time a second plane was taking off.
Apple Removes WhatsApp and Threads From China App Store
Apple has taken down WhatsApp and Threads from its app store in China due to an order from the country’s internet regulator over national security concerns.