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Europe lockdowns expected to dent Capri revenue, China in focus

3 Min Read (Reuters) - Capri Holdings is expected to post a fourth straight fall in quarterly revenue on Wednesday as the blow from fresh lockdowns in Europe eclipses a China-driven recovery in sales of its luxury handbags and apparel. FILE PHOTO: The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle A spike in coronavirus infections from late last year forced many European governments to put their economies back into lockdown, keeping consumers away from stores during the crucial holiday shopping season. Capri not only has to deal with store closures in Europe and sluggish department store traffic due to the pandemic, but also a “stale” Michael Kors brand image, Jane Hali & Associates retail analyst Jessica Ramirez said.

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Walmart expands vaccinations in boost to U S COVID-19 program

Walmart expands vaccinations in boost to U.S. COVID-19 program By Melissa Fares and Lisa Baertlein FILE PHOTO: The outbreak of the coronavirus disease (COVID-19) in Rosemead NEW YORK/LOS ANGELES (Reuters) – Walmart Inc said it is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, expanding beyond the two states where its pharmacists are offering inoculations. The move from the world’s largest retailer comes as U.S. President Joe Biden races to accelerate a frustratingly slow vaccination campaign that has stranded about half of the nearly 40 million shots distributed in freezers rather than in arms.

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Walmart expands vaccinations in boost to US Covid-19 programme: Report

By Melissa Fares and Lisa Baertlein NEW YORK/ LOS ANGELES (Reuters) - Walmart Inc said it is preparing to offer COVID-19 vaccinations in seven more states, as well as in Chicago and Puerto Rico, this week and next, expanding beyond the two states where its pharmacists are offering inoculations. The move from the world s largest retailer comes as U.S. President Joe Biden races to accelerate a frustratingly slow vaccination campaign that has stranded about half of the 38 million shots distributed in freezers rather than in arms. This week and next, Walmart will start providing inoculations in Georgia, Indiana, Louisiana, Maryland, New Jersey, South Carolina and Texas as well as in Chicago and Puerto Rico, a company spokeswoman told Reuters late on Thursday. The shots will only be available to specific populations decided by each state and only at a handful of stores in each state.

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Target holiday sales jump 17% as shoppers splurge online

Target Corp reported a 17.2% rise in comparable sales for the holiday season on Wednesday as its online sales more than doubled, thanks to faster deliveries and higher demand for home goods, electronics and beauty products.

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Adidas exploring strategic options, including sale, for Reebok - Netscape Money & Business

Adidas exploring strategic options, including sale, for Reebok - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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