Holiday shopping crunch tests ailing retailers nationwide
A weak holiday season drives big discounts and curbside pickup as stores from clothing to department shops struggle amid rising COVID cases. Analysts warn many chains face bankruptcies and closures, with overall November sales declines and mall landlords in a tough winter. Major gains rely on big box retailers and consumer caution continues.
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New York
Walmart
Target
Ken Perkins
Retail Metrics LLC
U.S
Coresight Research
Guitar Center Inc
Clothier
Francesca’s Holdings Corp
Neiman Marcus
J.C. Penney
Natalie Kotlyar
BDO
U.S. Commerce Department
Jpmorgan Chase
National Retail Federation
America
C. Britt Beemer
EU approves BioNTech Pfizer COVID vaccine for bloc
The European Union formally approved the BioNTech Pfizer vaccine for use across 27 member states and associated countries. Deliveries begin this weekend with inoculations planned between December 27 and 29, as EMA notes the shot meets safety and quality standards and politics did not influence the decision.
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European Union
Biontech
Pfizer
European Medicines Agency
European Commission
Ursula von der Leyen
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United States
Harald Enzmann
EMA
EU Member States
Iceland
Liechtenstein
Norway
U.S. Food and Drug Administration
Canada
U.S
Johns Hopkins University
Switzerland
Britain seals travel bans over new virus strain fears
Dozens of countries halt flights to the United Kingdom as a new and more contagious coronavirus strain prompts travel restrictions. France blocks trucks for 48 hours while Dover traffic stalls, stirring worries of food shortages. EU approves Pfizer BioNTech vaccine ahead of Christmas rollout.
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Britain
U.K
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Canada
India
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Johnson
Matt Hancock
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Pfizer
Biontech
European Commission
Ursula von der Leyen
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U.S
Italy
Disney Studios names Bergman chairman in transition
Walt Disney Co. veteran Alan Bergman is named chairman of Disney Studios succeeding Alan Horn, who remains chief creative officer. Bergman and Horn have co-chaired since 2019, with Bergman taking the role officially on January 1. The move covers creative, operations, production, and marketing across Disney’s brands including Disney Animation Pixar Marvel Lucasfilm and 20th Century Studios.
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Walt Disney Co
Alan Bergman
Disney Studios
Bergman
Alan Horn
Horn
Walt Disney Studios
Bob Chapek
Disney Animation
Pixar
Marvel
Lucasfilm
20Th Century Studios
Kevin Feige
Kathleen Kennedy
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