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This golf pushcart retailer saw sales plummet 30% during the US-China trade war. Then COVID-19 made it an unexpected winner of the pandemic.

Gina Ferazzi/Los Angeles Times via Getty Images Oregon-based small business ProActive Sports is the American distributor of Clicgear, a Chinese-made golf pushcart described as the "Rolls Royce of pushcarts." At the height.....»»

Category: topSource: businessinsiderAug 1st, 2020

Trump: "I view China differently" since coronavirus

U.S.-China tensions were high before the pandemic as the two countries took part in a years-long trade war and finally started eyeing a bilateral deal before COVID-19 spread from Wuhan to the U.S......»»

Category: topSource: foxnews18 hr. 40 min. ago

Amazon promised to spend its profit amid pandemic, but ended up with record earnings anyway

Amazon.com Inc. Chief Executive Jeff Bezos promised to spend all the additional profits his company made from a huge boost in sales related to the COVID-19 pandemic, but he didn’t expect sales to grow as fast as they did......»»

Category: topSource: marketwatchJul 30th, 2020

Amazon promised to spend all its profit amid pandemic, but ended up with record earnings instead

Amazon.com Inc. Chief Executive Jeff Bezos promised to spend all the additional profits his company made from a huge boost in sales related to the COVID-19 pandemic, but he didn’t expect sales to grow as fast as they did......»»

Category: topSource: marketwatchJul 30th, 2020

Despite coronavirus, Louis Vuitton saw "strong signs" of sales recovery in June

The COVID-19 pandemic has made retail a tough road to navigate......»»

Category: topSource: foxnewsJul 27th, 2020

Earnings more than double for Sam Adams maker Boston Beer as seltzer sales rise

Boston Beer Co. shares jumped more than 5% in the extended session Thursday after the maker of Sam Adams and other alcoholic beverages reported an unexpected doubling of profit from the year before amid the COVID-19 pandemic. Chief Executive Dave Bu.....»»

Category: topSource: marketwatchJul 23rd, 2020

Big Lots shares jump 9% premarket after company says quarter-to-date sales "well ahead of expectations"

Big Lots Inc. shares soared 9% in premarket trade Friday, after the discount retailer said it has seen a continuation of the strong demand that began in mid-April during the coronavirus pandemic, putting its same-store sal.....»»

Category: topSource: marketwatchJun 26th, 2020

H&M shares tumble after rough second quarter due to COVID-19

Shares of Hennes & Mauritz fell on Friday as the Swedish retailer reported a tough second quarter. It swung to a loss and sales fell sharply due to the pandemic, which forced it to close nearly all stores at the worst of the coronavirus lockdown......»»

Category: topSource: marketwatchJun 26th, 2020

Stocks spike on report China will increase trade-deal buys

China will buy more corn, soybean and other agricultural products after purchases were derailed earlier this year due to the COVID-19 pandemic, Bloomberg reported......»»

Category: topSource: foxnewsJun 19th, 2020

Francesca"s Q2 sales down 50%, says pandemic raises doubt about ability to continue as "going concern"

Francesca's Holdings Corp. shares rose 14% in premarket trade Thursday after the specialty retailer said it's seeing some bright spots after reopening 593 of its 703 boutiques as states lift restrictions on movement impos.....»»

Category: topSource: marketwatchJun 18th, 2020

H&M says recovery uneven after March-May sales tumble 50%

H&M , the world's second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pandemic slammed the sector......»»

Category: topSource: reutersJun 15th, 2020

H&M"s March-May sales tumble by less than expected 50%

H&M , the world's second-biggest fashion retailer, on Monday reported a sharp but slightly smaller than expected drop in second-quarter sales as measures to slow the COVID-19 pandemic slammed the sector......»»

Category: topSource: reutersJun 15th, 2020

China factory gate deflation deepens on global demand slump

China's producer prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the COVID-19 pandemic reduces trade flows and global demand......»»

Category: topSource: reutersJun 10th, 2020

Geely"s Volvo Cars sales soar 40% in May vs month-ago as virus curbs ease

Volvo Cars, owned by China's Geely Holding, said on Wednesday it sold 40% more cars in May than in April, as restrictions to contain the spread of the COVID-19 pandemic started to ease in several markets......»»

Category: topSource: reutersJun 3rd, 2020

China to halt some US ag buys

Beijing's agriculture purchases, which must total $50 billion under the partial trade deal, have gotten off to a slow start due to the COVID-19 pandemic......»»

Category: topSource: foxnewsJun 1st, 2020

China to halt some US ag buys: Report

Beijing's agriculture purchases, which must total $50 billion under the partial trade deal, have gotten off to a slow start due to the COVID-19 pandemic......»»

Category: topSource: foxnewsJun 1st, 2020

MedMen sales suffer due to coronavirus as losses widen

Cannabis retailer MedMen Enterprises Inc. said late Wednesday that the COVID-19 pandemic has damaged sales in Cal.....»»

Category: topSource: marketwatchMay 27th, 2020

Tencent Music misses first-quarter revenue estimates, shares fall

China's Tencent Music Entertainment Group missed Wall Street estimates for quarterly revenue on Monday as the COVID-19 pandemic impacted the company's social entertainment services business, sending its shares down 4.5% in extended trade......»»

Category: topSource: reutersMay 11th, 2020

Target snaps up shipping tech from failed Silicon Valley startup Deliv

Digital sales and delivery have been one of Target Corp.'s biggest strengths in recent months, helping the retailer rise above the turmoil created by the Covid-19 pandemic. With a new acquisition, the retailer looks to be boosting that business ev.....»»

Category: topSource: bizjournalsMay 8th, 2020

Target buys shipping tech company Deliv

Digital sales and delivery have been one of Target Corp.'s biggest strengths in recent months, helping the retailer rise above the turmoil created by the Covid-19 pandemic. With a new acquisition, the retailer looks to be boosting that business even.....»»

Category: topSource: bizjournalsMay 8th, 2020

Market Snapshot: Dow futures rise nearly 300 points as U.S.-China trade reps hold call; investors brace for jobs report

U.S. stock-index futures point sharply higher to start Friday trade, after Reuters reported that U.S.-China trade representatives held a phone call to discuss reducing tensions between the global superpowers amid testiness around the COVID-19 pandemic......»»

Category: topSource: marketwatchMay 8th, 2020