By , (Reuters) - Macy’s Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge.The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat.“While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year,” Macy’s chief executive, Jeff Gennette, said in a statement, adding that the department store operator does not expect another...…By , (Reuters) - Macy’s Inc reported a staggering $3.58 billion quarterly loss on Wednesday as coronavirus-related store shutdowns resulted in a $3 billion impairment charge.The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat.“While our stores are reopened, we expect that the COVID-19 pandemic will continue to impact the country for the remainder of the year,” Macy’s chief executive, Jeff Gennette, said in a statement, adding that the department store operator does not expect another...WW…

By , (Reuters) - Out with grimy microwaves and sticky coffee machines with worn-out buttons, in with stylus pens, QR codes, no-touch water coolers and mobile apps that pick what brew the machine will make for you.From the headquarters of Ford in Dearborn, Michigan and Goldman Sachs in New York to Fedex facilities across the United States, workers are returning after months of lockdowns to the new reality of social distancing, hybrid remote and office work schedules, and strict hygiene protocols.Nestle says it has worked with manufacturers to add a function to its coffeemakers that lets...…By , (Reuters) - Out with grimy microwaves and sticky coffee machines with worn-out buttons, in with stylus pens, QR codes, no-touch water coolers and mobile apps that pick what brew the machine will make for you.From the headquarters of Ford in Dearborn, Michigan and Goldman Sachs in New York to Fedex facilities across the United States, workers are returning after months of lockdowns to the new reality of social distancing, hybrid remote and office work schedules, and strict hygiene protocols.Nestle says it has worked with manufacturers to add a function to its coffeemakers that lets...WW…

By Shares of the Baltimore-based company, which surged during before the opening bell, were down about 7% in morning trading.Chief Financial Officer David Bergman warned on a call with analysts the company might not have adequate supply to meet higher demand, if the second half of the year recovers at a faster-than-expected rate.“Given the dramatic impacts across the retail landscape due to store closures, and inability to reduce supply as fast as demand, we’re anticipating that a highly promotional environment will materialize in the second half.”A major portion of sales to off-price...…By Shares of the Baltimore-based company, which surged during before the opening bell, were down about 7% in morning trading.Chief Financial Officer David Bergman warned on a call with analysts the company might not have adequate supply to meet higher demand, if the second half of the year recovers at a faster-than-expected rate.“Given the dramatic impacts across the retail landscape due to store closures, and inability to reduce supply as fast as demand, we’re anticipating that a highly promotional environment will materialize in the second half.”A major portion of sales to off-price...WW…