Punch Bowl Social files for Chapter 11 bankruptcy after pandemic devastates its business
Hits: 6Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business. Source
Hits: 6Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business. Source
Hits: 7Peloton shares hit a record high on the heels of the company’s announcement that it plans to buy Precor for $420 million. Source
Hits: 11“Retailers who have a weak balance sheet today aren’t going to get relief in January. It’s going to get tougher,” ex-Macy’s CEO Terry Lundgren told CNBC. Source
Hits: 6Peloton plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up its production and meet promised delivery windows. Source
Hits: 5Traffic to stores on the final Saturday before Christmas dropped 40.9% from 2019. That wasn’t as steep of a decline as Black Friday, when traffic fell 48%. Source
Hits: 7Nike shares jumped more than 5% Monday, despite a broader market selloff, as investors rallied behind the sneaker maker’s latest quarterly results. Source
Hits: 11As online shopping sees its biggest season ever, hackers are sending fake delivery notices impersonating Amazon, UPS and FedEx, with scams up 72% from last year Source
Hits: 22Nike’s earnings and sales topped estimates, driven by triple-digit growth online in North America and strong demand from Chinese consumers. Source
Hits: 8Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores. Source
Hits: 6Nursing home and assisted living facility residents are among the first to get the shots because they have been particularly hard-hit by the coronavirus. Source
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