COVID news and archive

Is Ralph Lauren’s CEO being overly conservative regarding Covid recovery?

Ralph Lauren (NYSE:RL) shares shred almost 10 percent Thursday after the fashion retailer’s CEO Patrice Louvet warned in a call with analysts that “We’re not completely done with Covid.” The company restored their dividend, suspended due to the pandemic, but it wasn’t enticing enough for investors to either buy or hold onto their shares. “This...

Business

Womenswear e-tailer In the Style to return Government’s Covid financial aid after strong results

British e-commerce womenswear fashion brand In the Style said on Thursday that it had experienced “strong sales momentum” in the year ended March, 31. In light of its “strong trading performance”, it had returned financial support previously claimed under the Coronavirus Job Retention Scheme prior to the end of the year. Turnover for the period,...

Business

Keeping customers wait in line can cost U.S. retailers up to 100 billion per year

A new survey conducted by report by virtual wait line and appointment booking software provider Quidini reveals that, in the U.S., 25 percent of respondents said they are “much more likely” to avoid entering stores or are more likely to walk out of stores without buying anything because of lines for service. An additional 28 percent of consumers...