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Coronavirus Brings About Another Issue For Retailers: Delayed Production

2 days ago   |   By Forbes

The outbreak of coronavirus may have an immediate impact on production schedules for merchandise arriving in stores, as well as create many financial implications for retailers including sales declines, gross margin erosion and reduction of net profit.
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Apple will miss Q2 2020 revenue projection due to coronavirus impacts

Apple will miss Q2 2020 revenue projection due to coronavirus impacts

Apple is warning investors that revenue guidance projections for the upcoming quarter will be missed due to coronavirus impacts on manufacturing and sales. Read more ...

Jeff Bezos says he's giving $10 billion to fight climate change, about 7.7%...

Jeff Bezos says he's giving $10 billion to fight climate change, about 7.7% of his net worth

Jeff Bezos said he's giving $10 billion to fight climate change and launch a new initiative called the Bezos Earth Fund. "We can save Earth," he said in a post on Instagram... Read more ...

Jeff Bezos Pledges $10 Billion To Fight Climate Change: 'We Can Save Earth'

Jeff Bezos Pledges $10 Billion To Fight Climate Change: 'We Can Save Earth'

The Amazon chief executive and richest man in the world announced that he would be launching the Bezos Earth Fund on Instagram. Read more ...

Pier 1 files for bankruptcy, looks for buyer

Pier 1 files for bankruptcy, looks for buyer

Pier 1, the troubled home furnishings retailer that has closed hundreds of stores in recent years, filed for bankruptcy Monday. Read more ...

NH Collection New York Madison Hotel to Open in April

NH Collection New York Madison Hotel to Open in April

Located in the heart of the Big Apple, the NH Collection New York Madison Avenue will offer 288 rooms with stunning views over the world's most famous skyline Read more ...

European Hotel Construction Pipeline Up 29.4% in January

European Hotel Construction Pipeline Up 29.4% in January

Europe reported a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline during the month. Read more ...

Delta's profit-sharing payout hits record $1.6 billion

Delta's profit-sharing payout hits record $1.6 billion

Delta Air Lines distributed $1.6 billion in profit-sharing to its 90,000 employees on Friday, a record for any U.S. company. The distribution has become a Valentine's Day... Read more ...

General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

General Motors to exit Australia, New Zealand and Thailand in cost-cutting move

General Motors is exiting Australia, New Zealand and Thailand to save costs in the underperforming markets and better hone its focus on growth markets as well as on its... Read more ...

Pier 1 braces for sale after filing for Chapter 11 bankruptcy

Pier 1 braces for sale after filing for Chapter 11 bankruptcy

Pier 1, a home goods retailer based in Fort Worth, Texas, has filed for bankruptcy. A press release from Business Wire said that the company is pursuing a "orderly sale... Read more ...

Chinese police put a professor under house arrest, cut his internet, and...

Chinese police put a professor under house arrest, cut his internet, and kicked him off social media after he criticized Xi Jinping over the coronavirus

A Chinese professor who wrote a scathing essay criticizing President Xi Jinping's handling of the novel coronavirus was placed under house arrest and had his internet services... Read more ...