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Restaurants are betting on to-go alcohol as business picks back up, but experts say competing with liquor stores won't be easy


Restaurants are betting on to-go alcohol as business picks back up, but experts say competing with liquor stores won t be easy
[email protected] (Mary Meisenzahl)
More than 30 states allowed alcohol takeout and delivery during the pandemic.
Off-premise alcohol sales were a lifeline for restaurants, and many want to keep it around.
Experts say restaurants have to differentiate offerings from liquor stores.
Takeout and delivery alcohol sales have been a lifeline for restaurants during the past year, and the industry is hoping they ll be allowed to continue - but experts told Insider that competing with liquor stores while still turning a profit is easier said than done. ....

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Nike and Adidas saw their online sales plummet in China over the Xinjiang cotton boycott


Nike and Adidas saw their online sales plummet in China over the Xinjiang cotton boycott
[email protected] (Mary Hanbury)
Online sales of Adidas and Nike products at Alibaba s Tmall plummeted in April.
These sportswear brands are being targeted in a consumer boycott in China against western brands
Meanwhile, Chinese athleticwear brands are reaping the benefits, according to Morningstar.
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According to a note from Morningstar analyst Ivan Su, online sales of Adidas and Nike products on Alibaba s Tmall platform fell by 78% and 59% respectively year-over-year in April.
Chinese consumers snubbed the sportswear brands over statements they had made expressing concerns over alleged forced labor practices in the Xinjiang region in China. Tmall is China s largest online business-to consumer-platform. ....

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