Sydney is celebrating ‘Freedom Day’ and reopens as Australia
September 2, 2022:-
Sydney’s cafes, gyms, and restaurants welcomed back fully vaccinated customers after almost four months of lockdown, as Australia aims to begin to stay with the coronavirus and reopen the country gradually. Some pubs in Sydney, the largest city of Australia, opened at 12 am and friends and families huddled together for a beer, television footage, and social media images showed.
Shanghai’s big automakers saw production plunged by 75%
September 2, 2022:-
automakers production plunged as Covid lockdowns halted almost all non-essential business in the metropolis of Shanghai, according to a report from the China Passenger Car Association.
In a Tuesday report, the association said that five major car companies in Shanghai saw production plunged by 75% in April.
Retail spending surged 0.9% in April, boosted by demand and inflation
September 2, 2022:-
Consumers were spending even in April, with retail sales increasing about in line with expectations of Wall street despite an ongoing rise in prices.
Sales per month increased 0.9% overall, just below the Dow Jones estimate for a 1% increase, the Commerce Department reported. Excluding autos, sales surged 0.6%, over the 0.4% estimate.
Retail Industry: Skip checkout lines in the store use the Dash Carts
September 2, 2022:-
The retail industry was an early adopter with technology advancement wherein people adopt new technologies very often. Recent days we have seen how AI, Virtual reality is playing a prominent role in the Retail Industry. Amazon is here with a cashless purchase option, the future of the grocery stores, and other retail stores as well.
McDonald’s to test McPlant burger is creating with Beyond Meat
September 2, 2022:-
McDonald’s will test the plant-based McPlant burger created in partnership with Beyond Meat in eight U.S. restaurants in the previous month.
In Mcdonalds, the trial is the latest step cautious march to add plant-based meat to its menu. The company has given its time to learn about the longevity of meat substitutes and consumer demand, even as other fast-food chains raced to add trendy items to their menus.
Lululemon launches into footwear to take on industry giants like Nike
September 2, 2022:-
Lululemon is venturing into footwear, marking a new product category for the maker of leggings and sports bras and deepening its rivalry with giants such as Nike and Adidas.
The company’s first-ever running shoe for women, Blissfeel, will purchase starting March 22 in select markets across North America, Mainland China, and the United Kingdom. The running shoes will retail for $148.
JPMorgan is about to launch a digital retail bank in the U.K.
September 2, 2022:-
The biggest U.S. bank by assets said it is planning to expand its retail presence to the U.K. for the first time. It is only offering services via a mobile app instead of traditional bricks and mortar branches.
JP Morgan Chase launches a new healthcare business
September 2, 2022:-
After the healthcare joint an Amazon formed venture, Berkshire Hathaway, and the biggest U.S. bank by assets was disbanded earlier this year, the companies vowed to push forward in their attempts to lower costs improve outcomes for their employees. On Thursday, JPMorgan announced it is about to launch Morgan Health to improvise the quality of medical care for the bank’s 165,000 employees and their families from the U.S.
In Buffett’s opinion, the pandemic has not yet been over
September 2, 2022:-
Legendary investor Warren Buffett said the economic consequences of the pandemic are falling disproportionately on small businesses, and the unpredictability of Covid-19 is not near to getting over.
“The economic impact has been this uneven thing where many hundreds of thousands or millions of small businesses have been hurt terribly, but most of the big companies have overwhelmingly have done fine,” the Berkshire Hathaway CEO said on CNBC that aired on Tuesday.
Google’s first retail store will sell phones and other gadgets to open in NY
September 2, 2022:-
Google announced its first-ever retail store, where it’s planning to sell Pixel phones, Fitbit wearables, Pixelbooks, Nest thermostats and speakers, etc.
The new store will be located Chelsea neighborhood of New York City at Google’s office and is very near to an Apple Store. The store is expected to open this summer.
