Upper Crust owner SSP Group says it believes that “demand for travel will return”, despite the coronavirus pandemic dragging down sales. It said weekly sales are now 76% below April to September levels last year. SSP said about a third of its global outlets, mostly found at railway stations and airports, had reopened despite the […]

Slideshow ( 5 images )BERLIN (Reuters) – Tesla expects to be able to press ahead with plans to build battery cells and battery packs at its new factory in Brandenburg, near Berlin, a spokesman for the U.S. carmaker said on Wednesday, after assurances it would not use too much water. The Ministry for Agriculture, Environment, […]

(Reuters) – The S&P 500 and the Nasdaq retreated on Wednesday as data showed domestic business activity nudged down in September, while a record high for Nike following a strong quarterly earnings report boosted the blue-chip Dow.The 11 Wall St. door of the New York Stock Exchange (NYSE) is seen in New York City, New […]

Katty Kay and Carlos Watson are adding podcast series host to their list of media jobs. Kay, political journalist, broadcaster and author (she’s working to finish another book) on Friday will launch a podcast for the BBC World Service, cohosted with Carlos Watson, a former broadcaster who is the cofounder of Ozy Media, the production […]

Former Senate Majority Leader Harry Reid (D-Nev.) on Tuesday addressed the question of whether Democrats will eliminate the legislative filibuster if they take control of the Senate, telling CNN that it's "not a question of if it's going to be gone, it's only when it's going to be gone." Why it matters: Current Senate Minority […]

Amazon, Home Depot, Nike, Trader Joe’s and eBay made the top five retail brands for customer loyalty on the 24th Annual Loyalty List of 100 brands that encompasses multiple industries. Despite record retail bankruptcies, customer loyalty has protected many brands from the threat of Chapter 11 bankruptcy proceedings, according to Robert Passikoff, founder and president […]

The industry is trying to reach customers amid a severe global recession that has brought mass layoffs and plunging sales. Traditional fashion weeks might be out of step. By Elizabeth Paton This is usually a busy month for the luxury industry. Not long after glossy fashion magazines publish their all-important September issues, thousands of retail […]

The U.S. flag is seen outside of the New York Stock Exchange (NYSE) in New York City, U.S., September 21, 2020. REUTERS/Andrew Kelly(Reuters) – The S&P 500 and Nasdaq indexes jumped at the open on Tuesday, led by a bounce in technology-related stocks, while the blue-chip Dow was subdued on uncertainty over more U.S. fiscal […]

General Electric will cut up to a quarter of its aviation business staff as demand for air travel plunges due to the coronavirus pandemic. The firm had already announced a 10% cut to its US aviation workforce but it said “more is required”. The plans are the latest sign that the air travel industry is […]

LONDON — J. Crew is shutting its six stores in the U.K., a little over a week after the company emerged from bankruptcy in the U.S. A spokesperson for J. Crew said Monday that “after thorough review, we have determined we are best able to serve our U.K. customers through our global e-commerce platform and […]