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Did Changing Sentiment Drive Kraft Heinz’s (NASDAQ:KHC) Share Price Down A Worrying 66%?
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JPMorgan’s Dimon: Coronavirus a ‘wake up call’ to address economic, health inequality
Dimon called the current situation a “call to action” that should prompt business and government to “lay the foundation for the kind of recovery we need [and] it is critical we do so.”
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Kohl’s online sales surge amid lockdown, reopens about half of its stores
Kohl’s was forced to close all its U.S. stores to curb the spread of the virus, hammering sales and sending shares in the retailer some 63% lower so far this year. The company, which owns over 1,100 stores in the United States, had earlier withdrawn its full-year forecast, suspended share buyback plan and borrowed money to combat the pandemic’s impact. Department stores have been struggling even before the pandemic as consumers shift to online shopping and competition from fast-fashion brands add to the pressure.
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