Strong can get stronger : Nike chief celebrates as small businesses struggle to survive, corporations thrive bizpacreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizpacreview.com Daily Mail and Mail on Sunday newspapers.
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While small businesses continue to struggle and, in many cases, permanently close across the country due to pandemic restrictions, large corporations are growing stronger, according to a Washington Post analysis of economic and earnings data.
In most U.S. business sectors, big businesses and corporations have prospered despite the ongoing coronavirus pandemic and government restrictions, The Washington Post reported. But, small businesses have suffered seeing an overall decrease in revenue.
“These are times when the strong can get stronger,” Nike Chief Executive Officer John Donahoe said on a September conference call, The Wall Street Journal reported.
Nike reported in September net income of $1.5 billion for the period between June and August. Donahoe said Nike was positioned favorably in the “dynamic environment” in a statement following the company’s earnings call.
America’s biggest companies flourished during the pandemic but put 100,000 out of work and rewarded investors, analysis shows Author: Douglas MacMillan, Jonathan O’Connell, Peter Whoriskey, Chris Alcantara, The Washington Post Updated: December 16, 2020 Published December 16, 2020
Salesforce chairman Marc Benioff, a self-styled leader of the corporate philanthropy movement, said in a series of tweets in late March that Salesforce pledged “not to conduct any significant lay offs over the next 90 days.” But in August the company laid off about 1,000 people. (AP Photo/Darron Cummings, File)
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Print article As the coronavirus pandemic devastated small businesses and plunged millions of Americans into poverty this summer and fall, executives at some of the country’s largest corporations sounded surprisingly upbeat.
The Latest: Vaccinations reach nursing homes as California faces crisis
The latest on the coronavirus pandemic from around the U.S. and the world.
From news service reports
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POMPANO BEACH, Fla. The first COVID-19 vaccinations are underway at U.S. nursing homes, where the virus has killed more than 110,000 people, even as the nation struggles to contain a surge so alarming it has spurred California to dispense thousands of body bags and line up refrigerated morgue trucks.
Nurse Christine Philips administers the Pfizer vaccine Wednesday to Vera Leip, 88, a resident of John Knox Village in Pompano Beach, Fla. Nursing home residents and health care workers in Florida began receiving the Pfizer vaccine this week.
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America s biggest companies are flourishing during the pandemic and putting thousands of people out of work
Douglas MacMillan, Jonathan O Connell, Peter Whoriskey and Chris Alcantara, The Washington Post
Dec. 16, 2020
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1of3Gary Walker was laid off from Salesforce in August after 12 years with the company.Washington Post photo by Jahi ChikwendiuShow MoreShow Less
2of3Restaurant owner David Mainelli stands in front of the former location of his family s restaurant, Julio s, in Omaha, Neb., earlier this month. The restaurant group has been a staple in the community since 1977, and announced they were closing their doors in June 2020.Washington Post photo by Carley Scott FieldsShow MoreShow Less