Category Archives: CNN – Business News

Black Friday looks very different this year. Here’s why analysts are optimistic

Black Friday shopping isn’t the same this year with the ongoing pandemic and recession. Traditional brick-and-mortar stores saw a 52% drop in Black Friday traffic compared to last year, according to a report from Sensormatic Solutions. Shopping traffic on Thanksgiving Day dropped by 95%, as many stores closed to give their employees time off and…MORE

Tony Hsieh, former Zappos CEO and ‘tremendous visionary,’ dies at 46

Tony Hsieh, former Zappos CEO and ‘tremendous visionary,’ dies at 46

Tony Hsieh, the former CEO of Zappos, died peacefully and surrounded by family on Friday, according to a statement emailed to CNN by Megan Fazio, a spokesperson for DTP Companies, a Las Vegas-based enterprise for which Hsieh served as the visionary. Hsieh, 46, died from injuries sustained in a house fire that occurred in Connecticut…MORE

Delta cancels more than 500 flights this week amid crew shortages

Delta cancels more than 500 flights this week amid crew shortages

A surge in Thanksgiving demand is taxing Delta Air Lines’ pandemic-era workforce. The carrier was forced to cancel hundreds of flights this week, according to its pilot union and the airline. Delta ultimately canceled nearly one in every five flights it was scheduled to operate on Thanksgiving Day, and has dropped in total more than…MORE

It started in her kitchen. Now her products sell at Target and Walmart

It started in her kitchen. Now her products sell at Target and Walmart

Beatrice Dixon had a good feeling about 2020 when the year began. The business she started, The Honey Pot Company, was charting a course of success that most young entrepreneurs only dream about. Dixon, 38, began work on her fledgling feminine care products startup in 2012. The brand was later sold at a handful of…MORE

India suffers first recession in decades

India suffers first recession in decades

India has plunged into recession for the first time in nearly a quarter of a century as the pandemic continues to weigh heavily on Asia’s third biggest economy. Official data published on Friday showed gross domestic product for the July-September quarter fell by 7.5% compared to the same period last year, when the economy was…MORE

Black Friday is different this year. But all is not lost for retailers

Black Friday is different this year. But all is not lost for retailers

It’s no secret that this Black Friday looks different from the ones that have come before it. The pandemic has cast a pall over retail’s big day, leading shoppers to swap crowds for internet sales. Nearly 51% of shoppers feel anxious about shopping in-store during the holidays, and 64% of their budget is expected to…MORE

Knife-edge Swiss vote could make businesses liable for global rights abuses

Knife-edge Swiss vote could make businesses liable for global rights abuses

Swiss voters are about to decide whether a business should be held liable for human rights and environmental abuses, even if the wrongdoing was committed in a foreign country by a subsidiary or a supplier it works closely with. The question has divided the country ahead of a referendum on Sunday, and it could have…MORE

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