Retail workers are taking the brunt of the pandemic downturn
June 18, 2020
Earlier in 2020, workers laid off from struggling chains might have some chance of finding employment with other retailers, but even as many stores reopen, the impact of the COVID-19 crisis has now left many in a hopeless employment situation. According to estimates from Coresight Research, the U.S. could see 20,000-25,000 retail store closures this year, compared to a record 9,548 in 2019.
Recent News
Tesla Recalls Cybertruck Due to Stuck Accelerator Pedal
Tesla is recalling almost 4,000 Cybertrucks due to a sticking accelerator pedal. The problem stems from an unauthorized lubricant used during assembly, which reduces the pad’s grip on the pedal.
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.