Retail News: Top Stories
April 29, 2020
Top stories in retail news and the business headlines that interest us today.
Consumers Retreat Globally
“Consumers in 13 countries see themselves in the middle of a two-front crisis involving their health and finances. According to the Deloitte Global State of the Consumer Pulse survey released today, the pandemic continues to wreak havoc in the world’s consumption-driven economies.”
The Politics of Being ‘Essential’
“A few weeks ago, the Department of Homeland Security issued an advisory list of the core “essential” sections of our economy that need to remain open during the COVID-19 lockdown. They identified 16 focus areas and stated that this list was a suggestion, not a federal mandate.”
Expired Beer
Business Insider — Millions of gallons of expired beer could end up costing the booze industry $1 billion
“Millions of gallons of beer was produced in March in preparation for St. Patrick’s Day and “March Madness” basketball tournament, according to the Journal, but now that beer is going to waste as it sits undrunk in kegs around the country at places such as concert and sporting venues, as well as restaurants and bars.”
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