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In 1920, Maurice, Edward, and Barney Durwood bought a theater in Kansas City. They eventually would buy nine more. In 1961, Edward's son Stanley took over the chain and began remodeling the theaters to include smaller auditoriums and multiple screens. The chain incorporated in 1968 as American Multi-Cinema and today AMC is the world's largest movie theater chain. They hope to have all 905 theaters re-opened in July, just in time for Disney's live-action Mulan (July 24).
AMC Theatres discloses $2.17 billion quarterly loss amid pandemic closure
https://www.hollywoodreporter.com/ne...losure-1297711
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Starbucks will reopen 85% of its stores this week and the chain will begin adding pickup-only stores. Starbucks lost more than $3 billion during the coronavirus shutdowns – and customers discovered they can actually make a cup of coffee in their own home! Who needs Starbucks?
Starbucks to fast-track pickup-only stores amid $3.2 billion loss
https://nypost.com/2020/06/10/starbu...t-coronavirus/
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The closure of 400 North American Starbucks isn't as bad at it sounds. There are more than 15,600 Starbucks in the United States and more than 1,100 in Canada. Only 2.4% will be closing.
Starbucks is closing up to 400 stores in North America in shift to takeout strategy
https://www.cnn.com/2020/06/10/busin...res/index.html
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In a statement, Johnson & Johnson declared, "We are committed to taking actions to create tangible change for the Black community." Soon, when black protesters are injured by rubber bullets fired by police, they'll be able to cover the wounds with bandages that match their skin color. Tangible change, indeed! Wooh!
Band-Aid will make black and brown flesh-toned bandages
https://www.cnn.com/2020/06/12/busin...ids/index.html
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In 1983, Mark Mastrov and partner Leonard Schlemm bought a 5,000-square-foot fitness center in San Leandro, California and launched 24 Hour Nautilus. The chain grew to 425 fitness centers in the United States and Asia and was renamed 24 Hour Fitness in 1996. In 2020, however, time is slowly running out for 24 Hour Fitness.
24 Hour Fitness files for bankruptcy and closes 100 gyms
https://www.cnn.com/2020/06/15/inves...tcy/index.html
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Aunt Jemima is joining the Frito Bandito and the Land O' Lakes native American in the advertising mascot graveyard. Watch out, Uncle Ben and Eskimo Pie Kid! You could be next!
Aunt Jemima brand to change name, remove image that Quaker says is 'based on a racial stereotype'
https://www.nbcnews.com/news/us-news...-says-n1231260
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This decision by Dreyer's Grand Ice Cream will please all the Inuit, Yupik, Chukchi and Iñupiat people who objected to the name of an ice cream bar. Now they can work on persuading the Edmonton Eskimos to change their name and persuading Bob Dylan to quit singing Quinn The Eskimo in concert.
Eskimo Pie no more: Ice cream owners will drop 'derogatory' name
https://www.cnn.com/2020/06/20/busin...rnd/index.html
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The "everything offends me" crowd is complaining again.
Walmart gets backlash over T-shirts with 'All Lives Matter' and 'Irish Lives Matter' slogans
https://www.cnn.com/2020/06/25/busin...rnd/index.html
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Because Facebook, Twitter and Instagram are not doing enough to keep lies, accusations, threats, hate speech and conspiracy theories off their sites, many major companies are deciding to keep their advertising off Facebook, Twitter and Instagram. Will the loss of revenue force them to make changes? One can only hope.
Facebook and Twitter stocks dive as Unilever halts advertising
https://www.cnn.com/2020/06/26/tech/...ver/index.html
Procter & Gamble to pull ads from platforms with 'hateful' or 'discriminatory' content
https://www.bizjournals.com/cincinna...platforms.html
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CEO Mark Zuckerberg told FOX News last month he doesn't believe Facebook should be "the arbiter of truth." In other words, he has no objections to posts containing lies, accusations, exaggerations, conspiracy theories, threats, hate speech, racist comments and incitements to violence. A growing number of companies have been withdrawing their advertising from Facebook. Zuckerberg now says Facebook will start adding warning labels to inappropriate content. Hey, Mark, how about removing the inappropriate content? Wouldn't that be better?
Pepsi quietly joining Facebook ad boycott: sources
https://www.foxbusiness.com/markets/...ook-ad-boycott
