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Business News – 09-21-2021

K Buenavista — Tue, 21 Sep 2021 19:00:04 +0000

Hydrow gets funds from Justin Timberlake and Lizzo as an at-home fitness competition grows

An at-home fitness start-up that produces a $2,295 machine named Hydrow has said that they have secured almost $200 million in funding
Justin Timberlake and Lizzo are just 2 of many investors in Hydrow

Happy meal toys to be more sustainable by end of 2025 according to McDonald’s

According to a pledge from McDonald’s they will offer sustainable Happy Meal Toys that are made with much less plastic by the end of 2025
The company’s goal is to cut the amount of virgin fossil fuel-based plastic is used in toys in 2018 by 90%

Ford Expedition Timberline unveiled with off-road capability and hands-free highway driving

On September 21, Ford unveiled their new off-road Timberline model of the Expedition SUV for 2022 and they have added a set of new features
This new model includes a new exterior, more ground clearance, off road-features, a heavy-duty skid plate, and hand-free highway driving

August sales at Subway were strongest in 8 years according to company

On September 21, Subway announced that their August sales for their US restaurants have been the strongest since 201, and the company predicts to beat its sales turrets for 2021 by $1 billion
This increase in sales is believed to be fueled by Subway’s menu overhaul as they now offer more new and improved ingredients

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Business News – 07-06-2021

K Buenavista — Sun, 11 Jul 2021 17:11:08 +0000

Lowe’s and Home Depot focus on home improvement pros as consumer demand slows

In the coming quarters for Lowe’s and Home Depot, their biggest business opportunity will come from the sales to home improvement professionals
During the pandemic, customers had utilized DIY projects but are now starting to hire contractors again to do home improvements
The retailers have begun talking with woo commerce professionals about services like perks with bulk discounts and tool rentals

Subway’s mobile app and menu have seen new improvements to bring back customers

In an effort to bring back lapsed customers, Subway is improving their ingredients and mobile app
Beginning on July 13, Subway’s restaurants in the US will offer almost 12 new or improved ingredients
Through the upgrade of their mobile app and ingredients, the company plans to better compete with other chains in the country

Covid-19 funeral reimbursement is now easier to qualify for by Biden Administration

For deaths related to Covid-19, the Federal Emergency Management Agency has loosed rules for their funeral reimbursement program for costs up to $9,000
In the beginning of the pandemic, coronavirus may not have been listed on cause of death as there was limited availability in testing
The Agency’s change offers funds to families in some cases without having an amendment tot the death certificate

Closed fitting rooms for retailers have angered shoppers and boost returns

During the pandemic, returns of clothing have spiked as many fitting rooms in clothing retailers remain closed
Coresight research have conducted a survey that have found that 42.4% of US consumers have returned unwanted products starting March 2020 and ending in March 2021
These clothing retailers have got a wake-up calf from this problem and are booking for new solutions to combat the fitting room dilemma

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