Coty Inc on Thursday named former L'Oreal executive Sue Nabi as chief executive officer, the cosmetics maker's fifth since its multi-billon dollar deal with Procter & Gamble nearly five years ago.
Macy's Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge. | Video
Nike Inc on Thursday reported an unexpected quarterly loss - its first in more than two years - hurt by closures of department and retail stores due to lockdowns spurred by the COVID-19 pandemic. | Video
Upscale department store chain Nordstrom Inc on Thursday reported a nearly 40% slump in quarterly sales, as lockdowns to contain the COVID-19 pandemic shut stores.
Royal Caribbean Cruises Ltd and Norwegian Cruise Line Holdings Ltd on Wednesday extended the suspension of voyages by another month until July 31 amid sailing curbs imposed to check the spread of the coronavirus.
May 14 Beleaguered cruise operators signaled a
return in demand for cruises that would set sail late this year
or early 2021 after travel restrictions and no-sail orders due
to the COVID-19 pandemic raised concerns about the future of the
May 11 Under Armour Inc forecast
on Monday a 50% to 60% drop in second-quarter revenue as most of
its stores remained closed because of the COVID-19 pandemic,
sending the athletic apparel maker's shares down about 11%.
Wendy's Co said on Wednesday it would focus on marketing its chicken products as it grapples with beef supply shortages in the United States that forced the burger chain to take its signature hamburgers off the menu at some of its restaurants.