With many restaurants still shuttered nationwide due to the pandemic, consumers are cooking up a storm at home. As a result, Tupperware shares jumped 68% Wednesday after the company said that it weathered coronavirus-related shutdowns in the second quarter. Tupperware salespeople became more productive in the quarter by using digital tools to secure sales as many consumers stayed home, the company said.
Apple's new iPhone — expected to be called the iPhone 12 — will be delayed from its traditional end of September release until mid-to-late October due to supply chain issues. “While the pandemic slowed down Apple's supply chain, it had the opposite on consumers, who responded to work at home rules by buying more iPhones, iPads, Macintosh computers and Apple Watches, and viewing more iTunes movies than usual,” according to USA Today.
McDonald’s quarterly report is starting to sound familiar. Although business started to improve, the company still took a huge hit. Of the chain's 39,000 restaurants worldwide, 96% are now open, compared with 75% at the start of the second quarter. Comparable-store sales that were down 39% in April were down only 12% by June. “McDonald’s has learned to adjust our operations to this new environment,” said President and CEO Chris Kempczinski during a conference call with investors.
Starbucks reports its business is “steadily recovering” worldwide, as most of its stores have reopened with the easing of pandemic-related restrictions. The coffee chain reported a 40% decrease in global same-store sales driven by a 51% drop in traffic during a challenging third quarter marred by COVID-19 shut downs. “The disappointing quarter — accentuated by café closures and a significant decrease in daily commuters — was offset by a 23% increase in ticket growth,” per Nation’s Restaurant News.
Everlane, a fashion brand that targets the ethically minded with minimalist basics, promised “radical transparency” including revealing its pricing markups, its clothing suppliers and its ecological footprint. But now it is facing allegations of hypocrisy. Former employees have accused the company of anti-Black behavior and union busting, and of selling an image to the world that did not reflect their damaging experiences inside the company, according to The New York Times.
For the second time in two years, Remington Arms Co has filed for Chapter 11 bankruptcy protection. Financial troubles are attributed in part to some retailers placing restrictions on gun sales after school shootings. A Remington Bushmaster rifle was used in the Sandy Hook elementary school shooting in Connecticut in 2012 that killed 20 children and six adults. Remington is facing a lawsuit filed by the families of the victims related to the marketing of the company’s guns.
Coca-Cola is geting rid of so-called “zombie” brands in its portfolio, including Odwalla. The aim is to focus on more successful brands and smaller names with potential. “According to James Quincey, chief executive of Coca-Cola, many of the company’s 400 ‘master brands’ are in just one country, accounting for just 2% of total revenue,” according to MarketWatch. “At the beginning of the pandemic, Quincey said the company decided to ‘ruthlessly prioritize’ core brands, which would also aid the supply chain.”
Donald Trump's campaign staff is reportedly clashing with AT&T, Verizon and T-Mobile after third-party screening mechanisms blocked robo-texts sent by the campaign. The wireless providers say say they are just obeying anti-spam federal law, since the messages are just like any other unsolicited texts. The Trump side says blocking the texts is a suppression of political speech. The number of political texts from candidates for office has grown this year, because reaching voters in person has been hampered by the COVID-19 pandemic
Starting this week, some Amazon orders will be delivered in boxes that can be turned into a rocket, car or fort for your pet, a robot costume or a mini-golf windmill, the Seattle-based retail giant shared exclusively with USA Today. The boxes are part of Amazon's "Less Packaging, More Smiles" program. Each will include a call to action to recycle the boxes and a QR code that directs consumers to a site for instructions on how to make the cardboard creations.
Delta Air Lines is not messing around with passengers who refuse to wear a mask while flying. A flight from Detroit to Atlanta returned to the gate Thursday after two passengers refused to comply. The airline says such passengers will be put on a no-fly list and not allowed to book travel with Delta in the future. The airline has put 120 people
on the list thus far. The airline also said it would bar any passengers making up false medical excuses to elude the mask requirement.