By The Associated Press
By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses surveyed had shut down permanently in March.
On Dec. 30, Apple’s stock market value totaled $2.29 trillion, up 133% since March 23. Meanwhile, Congress has approved nearly $300 billion in additional relief for small businesses, money that many hard-hit owners only hope can help them survive until the pandemic finally eases
The success of Apple and other big technology companies and the struggles of the smallest of businesses is just one example of how the pandemic created winners and losers in the business world in 2020. Wall Street recovered after March; Main Street is still struggling.
editorial@post-journal.com FILE – A traveler wears a mask as she waits for her flight in Terminal 3 at O’Hare International Airport in Chicago, Sunday, Nov. 29, 2020. The coronavirus pandemic created winners and losers in the business world. Wall Street recovered after March, even though Main Street is still struggling. As few people traveled, the airline industry needed billions of dollars in aid from the government and is still threatening to lay off workers.(AP Photo/Nam Y. Huh) FILE – In this Aug. 13, 2020 file photo, the logos for Netflix, Hulu, Disney Plus and Sling TV are pictured on a remote control in Portland, Ore. As movie theaters closed and lockdowns descended across the country, people turned to the ever-growing number of video streaming services for entertainment. (AP Photo/Jenny Kane)
The pandemic created winners and losers in the business world in 2020. Here's a look at those that benefitted from the health crisis and those that faltered.
Chewy sends pet paintings to keep customers from straying sfgate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sfgate.com Daily Mail and Mail on Sunday newspapers.
NEW YORK (AP) Danielle Schwartz didn’t ask for an oil painting of her cat. But she loves the portrait of Stinky that hangs in her upstate New York home, a surprise gift from an unlikely place: an online pet store.
It s one of the more than 1,000 free paintings that Chewy sends to select customers each week even during the pandemic tapping into people’s obsession with their fur children and, it hopes, winning customers for life.
In the cutthroat world of online shopping, that personal touch and a bit of kitsch is how Chewy is looking to stand out among the competition, which has only gotten stiffer as more people shop online and add pandemic pets to their families. Pet ownership is expected to grow 4% in 2020, the first increase in several years, according to the Petco Foundation.