Retail recovery is uneven, National Retail Federation CEO says
National Retail Federation CEO Matthew Shay said the rebound is uneven with big-box retailers like Walmart and Home Depot reporting strong sales and small or mid-sized businesses struggling.
The Rich Have Stopped Spending And That's Tanked The Economy: New Study : NPR
While retail sales bounced back in May after a deep drop in March and April, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.
Coroanvirus: Bain report on global luxury sales for 2020 and beyond
Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.
EA reports strong June quarter with revenue up 21% to $1.46 billion | VentureBeat
Electronic Arts reported financial results that beat expectations, with revenue growing 21% to $1.46 billion for the first fiscal quarter ended June 30.
Campbell's soup sales are booming as people stock up - CNN
As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell.
Y.N. RichKids — Hot Cheetos and Takis – Economics Media Library
I reached out to #EconTwitter and asked what songs they like to use to teach different topics in their classes and the results did not disappoint: Travis didn’t hesitate to reach out and sugg…
QoD: Guess the percentage of each age group that has their driver's license: 16 year olds? 17 year olds? 18 year olds? - Blog
Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer.
Scooter ridership resilient as workers remain absent from Detroit
Despite the hollowing out of workers in downtown Detroit during the COVID-19 pandemic, e-scooters have remained resilient. Prior to the outbreak, the future of the rentable e-scooters that stormed cities across the U.S. in 2018 seemed wobbly. In January, San Francisco-based Lime laid off 100…
Into the woods: Pandemic fuels rising interest in hunting. Can it last?
On Sunday, as many as 76,000 new hunters will disperse across Michigan's leaf-covered meadows and oak forests in search of bagging their first whitetail deer. The COVID-19 pandemic forced many across the state, and the U.S., to abandon some preferred pastimes — such as keeping a scoresheet from…
With UM, MSU set to kick off football season, pandemic-stricken businesses hope for boost
Bars and restaurants, hamstrung for months by the coronavirus pandemic, are both eagerly and anxiously anticipating the delayed return of Big Ten football Saturday.The University of Michigan opens away at Minnesota while Michigan State University begins the season at home against Rutgers University…
How scientists created the Cosmic Crisp apple, and other new foods
Despite most produce being naturally grown, scientists are developing new varieties of fruits and vegetables, like the Cosmic Crisp apple created at Washington State University.
Northern Michigan vineyards expect solid grape crop in 2020
TRAVERSE CITY — Vineyard managers in northern Michigan are expecting a solid grape crop harvest, with one calling the quality of this year's grapes "exceptional."Brys Estate Vineyard & Winery on Old Mission Peninsula, near Traverse City, is on track to finish picking grapes around the…
Amid growing demand, Short's Brewing Co. expands warehouse, packaging line
Short's Brewing Co. is nearing the finish line on a $1.5 million expansion at its manufacturing facility in Elk Rapids, which couldn't come at a better time as the popular brewer enjoys a big bump in demand. Short's, whose most popular beers include Soft Parade and Huma-lupa-licious, reported a 30…
Kroger investing $95 million in new high-tech fulfillment center in Romulus
The Kroger Co. is spending $95 million to build an automated customer fulfillment center in Romulus that would create 270 jobs. The Michigan Strategic Fund board on Tuesday awarded $1.6 million in a Michigan Business Development Program grant to support the project. The planned 130,000-square…