Disrupted supply chains challenged Singles Day sales
November 11, 2021
This year’s Singles Day probably could have been better. Merchants selling to consumers in China and elsewhere have been hampered by disruptions in the supply chain tied to the effects of the pandemic. Rising prices also presented a challenge and retailers may have had to sacrifice some profit margin in an order to drive sales.
Recent News
Peloton CEO Steps Down and Layoffs Begin
Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure.
California Restaurants Must Start Eliminating Special Surcharges
Starting July 1, California is changing the game for restaurant bills.
T-Mobile Now Owns Ryan Reynolds-Backed Mint Mobile
The deal is worth upwards of $1.35 billion.
Chipotle Is Giving Away Over $1 Million in Burritos to Healthcare Workers
In acknowledgment of the tireless contributions of healthcare workers, Chipotle Mexican Grill has announced a notable gesture of appreciation: the distribution of 100,000 free burrito e-cards.