J. Crew files for bankruptcy. What does this mean for Madewell?

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J. Crew is the first major retailer to fold under the economic duress of the coronavirus pandemic. Others will surely follow. J. Crew Group, which includes J. Crew, the long-standing national clothing retailer synonymous with American prep, and its cooler sister brand Madewell, has filed for bankruptcy. It is the first national retailer to do so in the midst of the coronavirus pandemic. Read Full Story

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Key insights: Day one post COVID-19, the mobile app economy takes centre stage, the martech-scape and more

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30-second summary: Chiefmartec released the much anticipated martech supergraphic 2020, 615 Martech businesses faded away in 2019 and didn’t make it to the 2020 martech-scape graphic. People won’t be very comfortable eating out in the post COVID-19 world but they showed an inclination towards wanting to support local restaurants and engage in more virtual get-togethers with family and friends. Algolia’s search trend report showed that education-related sites grew over 10X and grocery sites grew over 6X. But there’s more of a surprise in the findings, read on to discover. Consumers want ads to mention pricing, empathy, availability, and a few more. Video ads are the hero of advertising as TV and social media advertising soar. The pandemic sunk its teeth into the world economy but the mobile app economy has set its foot for success. Adjust’s App Trends 2020 report reveals the types of apps that are succeeding and their …

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Companies filing for bankruptcy: A new normal in the age of coronavirus

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Similar to the way the coronavirus attacks people, the most vulnerable companies are those with preexisting conditions. With the global economy thrashed by the ongoing pandemic, countless companies are now treading in bankruptcy waters. And similar to the way the coronavirus attacks people, the most vulnerable companies are those with preexisting conditions. As the dam breaks and bankruptcy filings start to flood in, the first casualties are those companies with underlying poor health, although many others are sure to follow. Read Full Story

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How designers tried to fix New York’s chaos throughout history, from blimps to hanging sidewalks

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New York opens traffic-clogged streets to people during pandemic. It’s just the city’s latest redesign in times of dramatic change. On some normally congested New York City streets, cars are gone, replaced by diners tentatively returning to restaurants–though only outside–after months of lockdown. On June 22, the city entered phase two of reopening after its severe coronavirus outbreak, allowing many businesses to resume operations with restrictions. Read Full Story

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Twitter Q1 2020 earnings: mDAU growth explodes thanks to ‘global conversation related to the COVID-19 pandemic’

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Twitter delivers its strongest ever year-over-year mDAU growth, but earning per share disappoints. Twitter has just announced its Q1 earnings for fiscal 2020. In the run-up to the results, there was much uncertainty around the social media company’s numbers considering last month Twitter withdrew its original Q1 2020 guidance due to the impact of COVID-19. In February, Twitter had originally said it expected Q1 total revenue to be between $825 million and $885 million, as well as its operating income to be between below a million dollars and up to $30 million. Read Full Story

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Carnival’s Princess Cruises line just cancelled all voyages for the next two months due to coronavirus

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The move affects all 18 of Princess Cruises’ ships and any passengers who had a cruise scheduled between now and May 10. Neither cruise passengers nor cruise operators have had an easy time since the outbreak of the coronavirus. Myriad instances have occurred across the globe of cruise passengers being unable to disembark their ships after occupants of the cruise came down with the COVID-19 virus. Several cruise passengers have sadly passed away due to the on-ship outbreaks. Read Full Story

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5 essential skills to expand your job prospects after coronavirus

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If you are working from home or seeking a new role, conducting a review of areas where you can “reskill” and “upskill” will improve your chances when employers begin to hire. In the past three weeks alone, 15 million people, or 10% of the workforce, have lost their jobs due to the economic slowdown caused by the COVID-19 pandemic. In total, more than 26 million people filed for unemployment benefits since the start of the crisis, a staggering number that is only expected to grow in the coming weeks. Millions will now be forced to grapple with how to stay healthy and pay their bills. Read Full Story

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The last days of Cirque du Soleil: How COVID-19 brought down an entertainment empire

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The global circus brand remains optimistic that it will reopen once the pandemic ends. It may not be the same company by then. The slow-motion shutdown of Cirque du Soleil should have been an early warning of the disaster to come. The novel coronavirus was still considered a local problem in late January, when the world’s largest circus producer canceled performances of The Land of Fantasy, its first and only permanent offering in China. Within two months, the virus had spread to every corner of the world. Read Full Story

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The 2020 Olympic Games in Tokyo could be suspended due to the coronavirus

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The rescheduling of the Olympics would represent the largest disruption the coronavirus has had on a public event yet. A Japanese Olympics minister has admitted that the 2020 Tokyo Olympics may have to be postponed, reports The Independent . The news comes less than a day after the International Olympic Committee (IOC) told ABC News that they “have never discussed canceling the Games.” Read Full Story

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