Accounting & Tax

Strategy

Walmart to Launch Subscription Service This Month

The retailer’s new $98 a year subscription program is expected to compete with Amazon Prime.
The Cloud

Zoom Revenue Soars on Remote Work Boom

“Organizations are shifting ... to supporting a future of working anywhere, learning anywhere, and connecting anywhere on Zoom's video-first platform."
Human Resources

Remote Workers, Learners Power Dell Sales

Dell's computer sales benefited in the second quarter from strong demand in the government sector and in education.
Working Capital

Beware of the Working Capital Safety Net

Could government stimulus be creating a false sense of security?
Financial Performance

Gap Blunts Covid Impact With E-Commerce Surge

"We nearly doubled our e-commerce business, with approximately 50% online penetration, demonstrating our ability to pivot to a digitally-led culture."
Strategy

Work-From-Anywhere Future Exposes Holes in Operational Strategy

Businesses need to take a hard look at their corporate strategies and operational structures to make sure they can handle a dispersed work environment.
Financial Performance

Coty Misses Estimates as Sales Plunge 62%

“The coronavirus-induced closure of stores and parlors hammered demand for [Coty’s] beauty products” in the fourth quarter.
Regulation

Super Micro Fined $17M for Improper Accounting

Former CFO Howard Hideshima allegedly pressured employees to maximize revenue at the end of quarters, typically sending them dozens of emails.
Financial Performance

E-Commerce Powers Best Buy Sales Gain

“Products that help people work, learn, connect and cook at home, like computing, appliances and tablets, were the largest drivers of our sales growth."
Strategy

American Airlines to Suspend Flights to 15 U.S. Cities

The service cuts will take place once the terms of federal aid requiring the flights expires.
Financial Performance

Walmart Online Sales Grow Record 97% in Q2

The surge in e-commerce reflects shifting shopping habits amid the coronavirus pandemic and helped power a 9.3% gain in Walmart's same-store sales.
Hiring

Building A Finance Full House

By recognizing and understanding team deficiencies, CFOs can invest in the necessary expertise to gain controls and efficiencies across a remote workforce.
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