Business

Macy's reports plunging sales as the COVID-19 pandemic deters shoppers

15 days ago   |   By Business Insider

AP Photo/David Zalubowski
Macy's reported Thursday a same-store sales decline of more than 20%.
The coronavirus pandemic has deterred consumers from spending money in department stores.
The retailer's net sales for the third quarter ending October 31 fell to $3.99 billion, from $5.17 billion a year earlier.
Macy's has had to lay off thousands of workers this year, and close many of its outlet stores.
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Macy's Inc reported a 20.2% drop in quarterly comparable sales on Thursday, hurt by a coronavirus-led fall in retail store traffic that...
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Private Jet Industry Trends Upwards Due to Covid-19 Pandemic

15 days ago   |   By Elite Traveler

While the Covid-19 pandemic has had a huge impact on the commercial airline industry, the trends in the private jet industry actually show comparatively positive effects.
Data provided by FlightAware shows the total number of flights of all types plummeted in March. They have since recovered slightly but still stand at around half the numbers last year. Business flights, however, are now back to close to 2019 volume following a smaller percentage drop between March and June. FlightAware counts “business flights” as any which are not classed as commercial or cargo services.
The data shows...
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