Business

Nike never said it ‘can afford’ to lose the business of Trump supporters

The claim: Nike stated the company can afford to lose customers who support Trump

Misinformation about the political stances of major corporations — like Pepsi and Wendy’s — has spread online this summer, along with calls to boycott the companies.

Recent posts on Facebook have focused on athletic apparel giant Nike.

Users claim that the company stated that it “can afford” to lose the business of customers who support President Donald Trump.

“NIKE has stated, ‘We’re a $76 Billion dollar company that can afford to let go of all ‘Make America Great Again’ customers,” one post reads, accompanied by the hashtag #bye.

The user behind the post did not respond to request from USA TODAY for comment.

Fact check: There’s no evidence Donald Trump helped with 9/11 response

Statement is not from Nike

Though Nike has voiced support for Black Lives Matter, it has not endorsed a presidential candidate or

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Polish retailers seek eastern promise closer to home as coronavirus bites

By Anna Koper and Michael Kahn

WARSAW/PRAGUE (Reuters) – Poland’s big clothing and footwear retailers LPP <LPPP.WA> and CCC <CCCP.WA> are switching focus back to eastern Europe, sizing opportunities to add brick-and-mortar stores as international rivals concentrate on online sales during the pandemic.

LPP – eastern Europe’s answer to H&M <HMb.ST> and Inditex’s <ITX.MC> Zara – has expressed ambitions to emulate its two rivals as a top five global fashion brand.

Those plans have stalled as the pandemic has hit consumer spending, but with eastern Europe weathering the crisis better than Western economies, the retailer sees better prospects in its home region.

“Our approach to expansion has changed due to the epidemic,” LPP’s Deputy Chief Executive Przemyslaw Lutkiewicz told Reuters. “We hope that from the next year we will return to the expansion of new stores, but mainly in the eastern markets.”

LPP’s push comes as some big Western brands

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Chamber Leaders Help Business Owners Navigate New Landscape

BUFFALO GROVE, IL — At a time often filled with cynicism in the business world due to the coronavirus pandemic, especially on the local level, Adriane Johnson remains optimistic. The president of the Buffalo Grove Lincolnshire Chamber of Commerce is drawing plenty of positivity from other area business owners.

“Overall, the vibe of our [Chamber] members is hope, continuous improvement, pivoting and innovation,” said Johnson, who founded Populus XP, LLCout of Riverwoods, in 2006. “Our members are resilient and are demonstrating the power of American ingenuity.”

The Chamber was formed in 2014 following a merger between the Buffalo Grove Area Chamber of Commerce (founded in 1972) and the Greater Lincolnshire Chamber of Commerce (1973). It is headquartered at 50 1/2 Raupp Blvd. in Buffalo Grove.

“Our members have pivoted in the pandemic and have embraced technology platforms like Zoom, to support the new virtual workforce and new way of doing

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Women of color have steeper climb when opening a business

GREENVILLE, S.C. – As a Clemson University student in the 90s, Nekita Sullivan and her friends had to pile in a car and drive to Greenville, Seneca or Anderson for Black beauty products and hair care. 

The inconvenience of traveling two or three towns over for beauty care gave Sullivan an idea: a multi-ethnic beauty bar where students and university employees of all races and hair textures could go in the heart of downtown Clemson. 

Sullivan finally realized that dream after more than 20 years, but she didn’t know how difficult it would be. 

Women, especially women of color, face more obstacles than their white, male counterparts when opening a small business, according to Ana Parra, director of the newly opened Women’s Business Center in Greenville. 

For Sullivan, it took nearly three years after signing a lease at U Center, a mixed-use building in downtown Clemson, to upfit her salon

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Thomas Cook relaunched as online-only tour operator

The company is currently only selling holidays to beach resort destinations with no quarantine or FCO restrictions - Getty
The company is currently only selling holidays to beach resort destinations with no quarantine or FCO restrictions – Getty

Thomas Cook has risen from the ashes of its collapse last year, and recommenced selling holidays as an online-only travel company. 

Relaunching today, Thomas Cook will sell holidays via its website and over the phone – but will not have a presence on the high street, nor operate its own flights. Its destinations are, understandably, limited too: the company is only offering trips to beach resort hotspots with no quarantine or FCO restrictions – such as Italy, Barbados, and some areas of Greece. 

The brand is now operating under the ownership of Chinese firm Fosun Travel Group, which acquired the name and other intellectual property assets for £11 million last year. The collapse of the 178-year-old company left 150,000 holidaymakers stranded overseas, sparking Britain’s biggest peacetime repatriation effort. 

The new owners

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Scam ads on Google target the vulnerable, indebted and stressed

Google's pay-per-click service allows businesses to pay for prominent spots on search results (Getty Images)
Google’s pay-per-click service allows businesses to pay for prominent spots on search results (Getty Images)

Scam ads for debt charities, car insurers and investment firms make looking for money advice on the world’s biggest search engine a risky business.

An investigation of Google’s pay-per-click service, which allows businesses to pay for prominent spots on search results, found scammers have effectively hijacked searches for financial services to advertise fake and fraudulent websites.

Which? found the search results for common saving terms such as “top Isa”, “best bonds” and “best fixed rate bonds” were dominated by dubious ads for “investment finder” services that encouraged prospective investors to fill in their details.

In a bid to discover exactly what happens when the unsuspecting public clicks through, one Which? investigator posing as a novice investor completed a form on a suspicious ad for fixedrates4u.com. They were contacted by someone claiming to be from SGZ

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Google grilled on ad business dominance by U.S. Senate panel

WASHINGTON (Reuters) – Alphabet Inc’s <GOOGL.O> Google faced a bipartisan buzzsaw of tough questions about its ad business in a hearing on Tuesday, with a particular focus on whether it misused its dominance in online advertising to drive profits.

Senator Mike Lee, a Republican and chair of the U.S. Senate Judiciary Committee’s antitrust panel, pressed Google’s Don Harrison, who testified remotely, on the company’s dominance of the interlocking businesses which connect advertisers with newspapers, websites and other firms looking to host them.

“As that business has grown, so too have complaints that Google – which both operates the ad selling and buying platforms, and sells its own inventory through those platforms -has conflicts of interest and has manipulated or rigged online ad technologies and auctions to favor its own interest,” Lee said.

He and others pressed Harrison on advertiser complaints that Google was opaque where ad dollars went; specifically how

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Benzinga Launches The Industry’s Most Comprehensive Cannabis Business Network

Benzinga, the leader in cannabis industry news and events, with a focus on business and finance, has launched the Benzinga Cannabis Network. The network will allow companies to make new connections and attract new business, while showcasing their products and services.

The network is the largest and most comprehensive cannabis industry business database built to date. Coverage includes everything from dispensaries, to public companies, to professional service providers — like accountants, payment processors, and marketing agencies, to name a few.

“The cannabis industry is growing rapidly and the companies supporting that growth are looking at ways to stand out from their competition,” said Jason Raznick, CEO and Founder of Benzinga. “We created the Benzinga Cannabis Network as a way for cannabis businesses to have a better online presence and ultimately have an effective way to make connections and promote their services.”

Benzinga’s listings include all of the important information about

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As far as the economy goes, we might want to start spelling ‘pandemic’ with a ‘K’

With apologies to Sesame Street, the U.S. economy has emerged from six months of  the COVID-19 pandemic looking a lot like the letter “K.”  

On one end of the economy are businesses that are soaring, as we abandoned offices and classrooms, settled in at home and pretty much stayed there.  

Those sectors pointing up on the “K” include grocery stores and technology companies like Zoom and Amazon.  

On the downward leg of the “K” are the airlines, restaurants and hotels that many of us haven’t gone near for six months. 

In this “K” recovery, “you have pockets of the economy that start to recover at an accelerated rate and others that are going to be in decline for a much longer period of time,” said Tim Sheehy, president of the Metropolitan Milwaukee Association of Commerce.

The contrast is stunning.

“Depending on where you sit in the COVID economy, business could … Read More

How Retailers Should Prep for a Weird Black Friday

(Bloomberg Opinion) — The pandemic and its economic fallout are going to make it exceedingly difficult for retailers to have a merry Christmas. The industry is expected to see an uptick in seasonal sales of a measly 1% to 1.5%, according to a forecast released Tuesday by Deloitte, which would be well below the 4.1% increase the industry recorded last year.  

New shopping patterns that are a reaction to Covid-19 have rendered retailers’ old holiday playbooks useless.  Big names such as Walmart Inc. and Best Buy Co. have already acknowledged as much by announcing that they will close their brick-and-mortar stores on Thanksgiving, the day that has served as the kickoff for Black Friday deals for the last decade or so. Macy’s Inc., which aims to whip up seasonal cheer with its annual Thanksgiving Day Parade, has announced the festivities will be reworked for a mostly television audience.

The essence

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