The discounter's in-store sales only business model left it unable to weather the fallout from the coronavirus pandemic.
For many grocery staples and cleaning supply items, "we were selling in two or three hours what we normally sell in two or three days."
The $354 million project is designed to reduce the country's reliance on drugs and pharmaceutical ingredients from foreign manufacturers.
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
Consumers confined to their homes by COVID-19 are turning to games not only as a diversion but also for social connection.
With dine-in sales shut down, the company has waived delivery fees, provided curbside pickup and launched shareable family meal packs.
CFO Hiroki Totoki says Sony's consumer electronics unit has been hardest hit by the pandemic “but the impact will expand to other businesses."
The coronavirus crisis drove consumer prices into "a disinflationary shock" last month despite government efforts to stimulate the economy.
The investment is the first step toward a broader deal under which KKR would acquire 60% of Coty's professional beauty and hair care business.
“In the last few months, we have seen the impact of COVID-19 spread throughout our business in an unprecedented way."
Homeowners continue to take advantage of government and bank mortgage forbearance programs amid the coronavirus crisis.
“The jobs report from hell is here — one never seen before and unlikely to be seen again barring another pandemic or meteor hitting the earth."
