COPENHAGEN, Denmark (AP) — Sales of Lego sets surged last year as more children stayed home during global pandemic lockdowns - and parents bought the colorful plastic brick toys to keep them...
COVID-19 drives sales bump for Benton Harbor-based high-end furniture maker
The nationwide move to working from home has been devastating to such makers of office furniture as Steelcase Corp. of Grand Rapids.It has been a boon, though, for Vincent Leman, the owner of a small furniture business in Benton Harbor. Sales jumped 60 percent last year, all of that increase coming…
PayPal profit tops estimates as pandemic drives online spending to record levels | Reuters
PayPal Holdings Inc beat Wall Street estimates for quarterly profit on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions driving record levels of payment volumes for both the quarter and the year.
As America devours more wings than ever, restaurants double down
America's appetite for chicken wings appears unending and restaurant chains of all sorts are rushing to feed it.It might seem impossible, but the pandemic actually made one of the country's favorite menu items even more popular. After governments forced restaurants to close and curtail indoor…
Hello Everyone, I hope that this note finds you all healthy and well. This pandemic and resulting isolation has reminded us of the deep need for human connections, people’s adaptability and...
FedEx profit leaps on rate hikes, e-commerce shipments
U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
'Fauci Effect' Drives Medical School Interest As U.S. Faces Physician Shortage : NPR
The pandemic put a spotlight on health care workers and inspired many to pursue a career in medicine. The record number of applicants comes as the U.S. faces a projected shortage of physicians.
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.