Recent Posts

Airlines raise more than $17b from banks in weeks

Bloomberg Airlines worldwide raised more than $17 billion in bank loans in March to shore up their finances amid the coronavirus outbreak. US carriers were the most active, borrowing $12.5 billion, according to data compiled by Bloomberg. Delta Air Lines Inc is the top borrower this month, obtaining $5.6 billion, followed by Singapore Airlines Ltd, which secured a S$4 billion ...

Read More »

Covid-19: Amazon closes US apparel returns warehouse

Bloomberg Amazon.com Inc has extended the shuttering of a warehouse dedicated to returning apparel after three workers tested positive for Covid-19, the first known instance of the online retailer indefinintely idling a US facility in response to the pandemic. The move comes after employees expressed concern that returning to work to process returned sneakers and wristwatches wasn’t worth the risk ...

Read More »

Lululemon slips over ‘forecast’

Bloomberg Lululemon Athletica Inc reported an acceleration of sales growth in the latest quarter, but refrained from offering an outlook for the current year because of the uncertainty caused by the coronavirus outbreak. The Vancouver-based retailer, which has closed many locations amid the health crisis, said the key metric of comparable sales, a gauge of retail success, accelerated to 20% ...

Read More »
Send this to a friend