Jeff Bezos Says Amazon Will Spend $4 Billion USD on COVID-19 Expenses
Tech & Gadgets

Jeff Bezos Says Amazon Will Spend $4 Billion USD on COVID-19 Expenses

“If you’re a shareowner in Amazon, you may want to take a seat.”

Apple Reports Strong Q1 2020 Revenue of $58.3 Billion USD
Tech & Gadgets

Apple Reports Strong Q1 2020 Revenue of $58.3 Billion USD

Wearables and accessories performed particularly well despite the coronavirus crisis.

Coach's Parent Company Plans Soft Store Reopening
Fashion

Coach's Parent Company Plans Soft Store Reopening

Tapestry is prepping, among other things, contact-free curbside delivery.

Spotify Reports $2 Billion USD Revenue in Q1 2020 Earnings
Music

Spotify Reports $2 Billion USD Revenue in Q1 2020 Earnings

Beating the analysts’ forecast despite the coronavirus pandemic’s impact.

SXSW Slapped With Class Action Lawsuit Over No Refund Ticket Policy
Music

SXSW Slapped With Class Action Lawsuit Over No Refund Ticket Policy

The Austin, Texas festival was previously cancelled due to COVID-19.

Off-White™ Remains World's "Hottest Brand" in Lyst Index Q1 2020 Report
Fashion

Off-White™ Remains World's "Hottest Brand" in Lyst Index Q1 2020 Report

Jacquemus, LOEWE, Rick Owens and Raf Simons also appear in the top 20.


Elon Musk Nearing $750 Million USD Record Payout From Tesla Stock Options
Automotive

Elon Musk Nearing $750 Million USD Record Payout From Tesla Stock Options

The largest payday for any executive in U.S. history.

Investor Group Reportedly Push for Neiman Marcus Sale Amid Imminent Bankruptcy Filing
Fashion

Investor Group Reportedly Push for Neiman Marcus Sale Amid Imminent Bankruptcy Filing

Competing against an existing $600 million USD loan from other creditors.

Brazil's Fashion Sales Drop 50% Amid Coronavirus Pandemic
Fashion

Brazil's Fashion Sales Drop 50% Amid Coronavirus Pandemic

“All of Brazil is closed and the only stuff that’s selling is online.”

adidas Sales Fell 19% and Missed Profit Expectations by 93% in Q1 2020
Footwear

adidas Sales Fell 19% and Missed Profit Expectations by 93% in Q1 2020

Due to the coronavirus crisis.

Kanye West Officially Recognized as a Billionaire By 'Forbes'
Entertainment

Kanye West Officially Recognized as a Billionaire By 'Forbes'

The publication estimates his net worth at $1.3 billion USD.

StockX Lays Off 12% of Staff in Latest Cost-Cutting Measures
Footwear

StockX Lays Off 12% of Staff in Latest Cost-Cutting Measures

Between 100 and 150 workers will be without jobs from April.

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