Business

The pandemic has been very good business for Apple

The pandemic has been very good business for Apple
The pandemic has been very good business for Apple

Apple has pandemic work-from-home orders and stimulus checks to thank for setting new all-time sales records across a number of its product categories.

Starting with the iPhone, which saw a decrease in sales last quarter, Apple revealed revenue for that product category grew by two percent during the third quarter.

“In April, we expected year-over-year performance to worsen, but we saw better than expected demand in May and June,” said CEO Tim Cook during the company’s earnings call. “We attribute this increase in demand to several interactive causes, including a strong iPhone SE launch, continued economic stimulus, and potentially some benefit from shelter-in-place restrictions lifting around the world,” he explained.

Yes, you read that correctly: stimulus packages. So, that means that while many of those unemployed due to the pandemic were struggling to put food on the table or pay their

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Apartment Moratorium Is Bad Business For Framingham: Letter

The following is a letter to the editor and does not reflect the views of the Framingham Patch.

The Framingham City Council is contemplating a moratorium on the construction of apartment buildings. The discussion has hinged, at least publicly, on the need for more information on the impact of apartments in Framingham and seems to assume that the apartment projects under construction were approved without any consideration of areas of concern such as traffic and the possible increase of school population. In point of fact, these matters were considered at length during the permitting process and, in some cases, considered again when the developers sought tax increment financing (“TIF”) from the Town of Framingham, prior to the adoption of the City Charter.

In order to maintain a stable tax rate, and to prevent increases in residential property tax rates, a community must have a tax base which includes commercial taxpayers.

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Reviving Longaberger With a Timely Business Model

Longaberger, the 47-year-old home brand famous for its handwoven maplewood baskets, has been relaunched with a new business model involving digital social selling and a wider assortment.

Jewelry has just been added, and apparel, a bridal registry, wine from Napa Valley, Calif., home fragrance, essential oils and skin wellness are on deck.

The Longaberger Co. was founded by Dave Longaberger in 1973. Along with the baskets, it sells tabletop, cookware, ceramics, home decor, furniture, linens and gourmet foods.

“It was an exciting company, with a beautiful campus in Dresden, Ohio, and headquarters built like a giant basket,” said Robert W. D’Loren, chairman and chief executive officer of Xcel Brands Inc. which, along with Hilco Global, bought Longaberger out of bankruptcy by acquiring the intellectual property in November 2019. An entrepreneur in Ohio acquired some of the manufacturing equipment and continues to make Longaberger baskets, though the operations are based at

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Here’s What’s Still Open for Business in Hollywood

Editor’s note: The list is constantly updated. Dates refer to when announcements were made, or when an event is scheduled to happen.

You’ve probably seen our other COVID-19 list, the one where we are examining every cancellation that has taken place as the pandemic takes hold in our community. This is the counterpoint to that “Houston, we have a problem” list; this is the one where we’ll talk about how the show must go on, how the Force will be with us, and, maybe most importantly, how we’ll be back.

IndieWire will continue to update this page with the latest breaking news regarding virtual events, work logistics, TV premieres, and general acts of bravery and kindness. This is the place where we’ll be documenting our return to normalcy — and make no mistake, we’ll get through this. The most recent updates will be posted at the top of the running … Read More

What You Can Do to Your Prep Your Business for a Second Wave of Coronavirus

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It’s not over yet.

In March, retailers were forced to temporarily shutter their doors due to COVID-19. Five months later, companies are continuing to deal with the fallout from the virus — and as cases continue to ramp up, more store closures may be on the horizon in some states.

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In fact, California made the decision to pull back on its reopening plan earlier this month, requiring shops located in indoor shopping centers to once again shut their doors. And tech behemoth Apple temporarily shut more than 30 stores across five Southern states in response to spiking cases.

With a “second wave” of COVID-19 forecasted to occur as temperatures cool in the fall, retailers across the country could once again find themselves having to close up shop. Moreover, a second wave could cause a dent in consumer confidence, causing

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SMCP’s Daniel Lalonde Draws Up New Plans for Business

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PARIS — Who’s hankering for a return to normal? Not Daniel Lalonde. The chief executive officer of SMCP, the group behind accessible luxury labels Sandro, Maje, Claudie Pierlot and De Fursac, is not looking back — the world has changed. He’s developing a business plan for the new order.

The group reported a 45.8 percent decline in second quarter sales to 265.7 million euros, reflecting the steep impact of coronavirus shutdowns and slow path to recovery, with the sharpest declines coming from the Americas. Across France, its biggest market, and the rest of Europe and the Middle East region, sales were down 46 percent and 54.9 percent, respectively. The Asia Pacific region clocked the best performance, down 19.5 percent, with the company flagging that growth returned to China in June.

“My objective is not to return to the performance and levels of 2018

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PPP part 3? Everything you need to know about the proposed expansion of the small business loan program

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The emergency funding program for small businesses may be getting a revamp via a new proposal—but this time, loans would only go to the smallest, hardest-hit businesses.

Senate Republicans Marco Rubio (R-FL) and Susan Collins (R-ME) released a new proposal late Monday that would give small, struggling businesses the option to take out an additional Paycheck Protection Program loan, tapping $190 billion in funds Congress would provide under the proposal.

Sen. Rubio urged Congress to “take action to help industries and businesses, especially minority-owned small businesses and those in low-income communities, that have been hit hard by the COVID-19 pandemic,” he said in a statement. He earlier teased the proposal last week, saying in a video on Twitter that the new eligibility requirements would help ensure that “the

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Discovery Sets Business Format With New Model From Shopify Studios & Wheelhouse’s Spoke Studios

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EXCLUSIVE: Discovery Channel is launching new business format I Quit, with a slew of entrepreneurs risking it by giving up their jobs to follow their passions.

However, the business model behind the show, which launches Tuesday August 18, may be the real point of interest for producers.

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The show comes from Shopify Studios, the television production and financing arm of the global online commerce service, and Wheelhouse Entertainment’s Spoke Studios. It was financed and produced by these companies before being picked up by the factual broadcaster, which unusually has just taken U.S. rights rather than full global rights to the format.

I Quit follows six sets of hopeful entrepreneurs as they leave their steady incomes and retirement plans behind, going all in on their dreams of launching their own businesses. Along the way, they will be mentored by

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Lysol sales surge as the condom business goes limp under lockdown, consumer goods giant reports

Reckitt Benckiser Group Plc said Covid-19 has prompted consumers and companies to make lasting improvements in their cleaning routines, boosting prospects for future sales of its disinfectants and sanitizers.

Lysol sales surged about 70% in the first half in North America, and professional demand has been so strong that the U.K. consumer-goods maker set up a business to meet demand from new clients including Hilton, Avis and Delta. 

A new era of cleanliness has begun, according to the company. Once a consumer adopts new behaviors such as consistent and thorough hand washing for more than two months, the habits stick.

“Covid-19 is likely to be with us for the foreseeable future and, as a society, we are embedding new hygiene practices to protect our way of life,” Chief Executive Officer Laxman Narasimhan said.

Reckitt said Tuesday it expects the boom in its cleaning brands, which also include Sagrotan handgel, will

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QuickBooks Essentials is business accounting on the go. Right now, it’s almost 40% off

TLDR: A one-year subscription to QuickBooks Essentials gives you online access to all of your company’s financial information and payment operations anywhere.

Remember when companies used to have on-staff accountants? You know, the bean counters who used to crunch all the numbers, chase all the outstanding accounts, and make sure there was still enough cash at the end of the week to get everyone paid? Wasn’t that a great time?

Today, there aren’t a lot of companies that can afford the luxury of a full-time accountant anymore. And it shows. Especially when more than eight out of every 10 businesses are failing due to poor cash flow management.

That’s a frightening statistic for all those business owners who have to go it alone battling the books these days. Considering the importance of your day to day solvency, money managers need access to all their accounts and ledgers 24/7/365 with a

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