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Black Friday gets busted by Covid in sign of retail’s future

Bloomberg Black Friday — once the ultimate US shopping day — is being disrupted like so much else in these Covid-19 times, with consumers largely avoiding malls and instead flocking online. What that means for overall sales for the holiday season remains to be seen, but it’s becoming clearer that the pandemic has only accelerated the move away from big ...

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Airbus confident in A320 jet ramp-up amid aviation crisis

Bloomberg Airbus SE is confident in its plan to increase production of the best-selling A320 family of jets to a rate of 47 a month next year, even as the slump in air travel puts pressure on customers, according to people familiar with the matter. The company has extensively stress-tested its backlog of orders for the model, and remains comfortable ...

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S African retailers invest in local clothing firms

Bloomberg South African retailers including The Foschini Group (TFG) Ltd and Woolworths Holdings Ltd are increasing investment in local clothing manufacturers — both to reduce a dependency on Chinese imports and secure a supply chain thrown into disarray by Covid-19 restrictions. The companies have signed up to an industry plan that includes a target to source 65% of their goods ...

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