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Coronavirus Pandemic puts Starbucks ate the loss of $3 million in revenue

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  • Shares of company and stocks faced a fall
  • Positive cashflow is expected by the end of June
  • Company plans to upgrade its cafes in next few years
    June 11th, 2020: Coronavirus pandemic as expected has put the famous company, Starbucks, at a loss of $3.2 million in revenue. Until Wednesday, 3% fall was seen in shares of company while 10% in market value. The quarter ends on 28th June. The company has adjusted its losses per share of 55 cents to 70 cents. Improvement is highly expected. Positive cashflow is hoped for by the end of June.
    Two largest markets of company suspect to face 10% to 20% downfall in same store sales that is United states and China. They suspect the US same store sales to be negative but as the fourth quarter fiscal ends, same store growth in China will go flat.
    Store sales performance is making improvements and recovery in business can be clearly seen. The stakeholder of Starbucks received an appreciation letter b CEO Kevin Johnson and CFO Pat Grismer that the brand is very strong, they are fighting well and have passes the hard phase.
    The company has made some changes in May regarding working hours and plans. This caused the sales in US to face 43% of tumbling. 91% of the stores were opened again by the end of the month but 32% of decrease in sales was faced in the last week of May.
    21% of fall in sales in China was seen in may while 32% in April. As compared to the last year, there 14% of decrease in sales in May’s last week. The operating hours before pandemic ae being used in Chinese cafes now where 70% of seating is available. In these two months, 57 new net stores were opened in China. America has also resumed its working.
    The company is planning to own 400 cafes in coming one and a half year. It also plans to make certain amendments for customers within next few years. Urban markets like Chicago, New York and san Francisco are to be provided with more pick up stores. The very first mobile pick up was launched in November. Renovations will be made in café layouts making things easy and comfortable at busy locations.
    Starbucks has not tapped any of the credit extensions yet although it claimed to correct its fixed charge inclusion proportion pledge of credit agreement for $3 billion through final quarter if monetary in 2021.
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HEALTH & FITNESS

A day of remembrance in china for the people who died of covid-19

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Chinese stand still nationwide for the people who died.
Cars and trains bang their horns and people raise flags and flown at half mast.
Chinese pay virtual respect and praise to their ancestors and beloved ones.
April 4th, 2020: in china, the people out there pay a tribute who died while fighting with this deadly virus. They mourn for the victims of covid-19 by observing 3 minutes silence and making a new record of standing still nationwide. They also bang the horns of their cars and trains and also by raising their flags. The first case of covid-19 was detected in China which was further spread throughout the world.
President of china told in his speech that this silence is observed also for the medical and Para medical staff died from this viral attack while treating the patients. It includes the doctor named “LI WENLIANG” who died from covid-19 while treating the patients. The nurse in WUHAN also stated that “I hope that the dead may rest in peace” also it is being stated that “I felt very sad for all the colleagues and patients we had lost”.
China first informed the world health organization about the death rates in WUHAN due to of unknown reasons in december 31, 2019. After sometime, they found out the threat which a virus is named corona. In January the confirmed cases has risen to 60 but the researchers stated that the real figures were approximately 17,000.
This drastic increase in the number of patients had put the Chinese government into difficulty. They did their best to stop this pandemic but they did not know that it can spread even by standing near to the patient. When people traveled for the celebration of new lunar event, the cases increased from hundreds to thousands.
From this point it first spread into Shanghai, SHENZHEN or BEIJING. And then it further spreads into ASIA, EUROPE and other parts of the world. This cause lock down everywhere in the world and the world is facing severe financial and economical crises now. But china is now coming back to the normal life as it progresses in defeating this deadly virus.
Now American is ranking on the top in death rates and number of confirmed cases throughout the states. Italy is at the second number of covid-19 patients.

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MISCELLANEOUS

Doctors warn India for an Onslaught in upcoming days

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-Dharavi Slum to be the target area of Covid-19
-Doctors warn citizens of extreme outbreak
-Social distancing should be taken seriously in slums

April 4,2020: The death of the 56 year old man due to the COVID-19 in Dharavi slum, Mumbai, India has appeared to be very alarming for Indians. The Indian doctors have warned the country that they must be prepared to encounter an ‘onslaught’ of corona virus cases that can potentially not only cripple their health system but also start a medical crisis on an extreme level,such that not even the US and Europe are experiencing.

As reported by CNN, BMC stated that the patient who has no record of travel history tested positive for coronavirus and died just hours later as he was transferred to a local hospital, Kiran Dighavkar,Mumbai.

Considering that there is little to no mechanisms of sanitation in slums, doctors feel that the situation can be unimaginable and the outbreak would be extreme and will spread rapidly through one Indian slum if the social distancing won’t be taken seriously.

Dr. Naresh Trehan, who believes that it is important for authorities to be well aware of whether there is an outbreak in slums stated

“Once we know that one slum has got it, and we lock it down, and we feed everybody and we keep them isolated for the next two weeks, we keep them well fed, it will work its way out. We will know the critical ones, and the ones who are mild, they can be quarantined at home, and the population at large can be monitored,”

Doctors believe that the 21 day national lock down, imposed by PM Narendr Modi, should be taken extremely seriously as Indians have reported 230 cases on Friday, which brings their national tally to 2547 along with 62 dates.

The population density of Dharavi slum is known to be 30 times more than New York, and is a home to millions. Multiple coronavirus related deaths have been reported in the slums who died a few hours later after being reported.

The fear increases when we come to know that their family who has been in contact also tests positive for the virus and have to be quarantined. Doctors fear that if social distance and won’t be taken seriously then India’s tally will soon reach that of the USA and Europe.

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NEWS

Amged El-Hawrani death after confirming positive for Covid-19

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  • The number of death toll increase in UK hospital almost three times the official figure.
  • Amged El-Hawrani becomes the first` frontline surgeon to die in London
  • To curb the spread of coronavirus, prime minster of London Boris Johnson tells people it’s safe to stay home.
  • The latest figures on coronavirus in London are just under 4000 people who have been infected by the virus.
  • 180 deaths in the capital, 4000 people are infected with the virus in London.

March 30th, 2020. NHS England has reported about the first death from coronavirus. His name was Amged El-Hawrani. He was a 55-year-old first frontline doctor to lose his life battle from the coronavirus on Saturday 2020 March. He died at the Leicester royal infirmary. He was an ENT trainer at Queen’s hospital, Burton.

By NHS England, he was the frontline doctor of corona positive and the first doctor died of this virus. Another heartbreaking death of Adil EI Tayar was also confirmed today.

Professor Stephen Powis, NHS national medical director also shared his condolence with Amged’s family and send the message of being united and working together in this crucial time.

Amjed was known for his dedication to working at Queen’s Hospital Burton. He helped the two clinical teams work together in burton and derby.

Robert Jenrick UK Housing Minister said that “The deaths we are reporting daily at these press conferences are very sobering. Every death is a tragedy, we don’t want to see any unnecessary death. “

To control the situation further measures are to be taken by the London government.  Expert says that The confirmed case is becoming double or triple every day in the capital,

To stop the “accelerating” spread of corona-19, Prime Minster Boris Johnson has asked his people to stay home.

As far as the government is concerned they are doing best to control the situation by making a partnership with airline and ten thousand Britishers will be flown home. Moreover, world health organizations are conducting press conferences to urge people to stay at home and show kindness and humanity in crucial times.

Speaking at the government’s daily press conference Sir Patrick said: ‘We expect this to get worse over the next few weeks because there’s a lag phase”

BBC News tells us about the latest updates in UK news. British travelers are struggling to get back home due to the partnership of airlines between the UK government.

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Fashion

Zara Closes 1200 Fashion Stores After Covid-19 Crisis

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  • Inditex has to deal with a 44% drop in sales due to the global pandemic and have decided to take action
  • Inditex plans to close up to 1,200 Zara stores
  • Inditex has decided to increase the proportion of online sales in order to bridge the gap
    June 11th, 2020: the global Covid-19 crisis has wreaked havoc for many shop owners and businessmen as businesses remain closed. Inditex has faced a 44% sales slump, between February 1st and April 30th, which threatens their economic stability, and they now plan to boost their sales online.
    The prevalent Covid-19 pandemic has convinced the owner of Zara fashion shop to close up to 1,200 Zara shops across the globe and shift their sales to an online platform that has gained popularity in the current situation.
    The Spanish company, Inditex claimed that it aims to “absorb” 1,000 to 1,200 stores that have faced significant losses. The majority of the Store closing is taking place in Asia and Europe as sales in these stores have been affected more seriously. In the UK, on the other hand, the 107 stores owned by Inditex do not face as grave a threat.
    After this massive shift, the number of Zara stores will be reduced from 7,412 to 6,700-6,900. These figures also include 450 new stores that will be opening.
    Inditex assured its many employees that “headcount will remain stable” and there will be no large-scale down-sizing. Employees in stores that are closing will be given alternate tasks like management of online purchases.
    The global crisis has threatened numerous businesses and fashion stores are just as unfortunate. In the first 1/4th of its year, Inditex faced a loss of 409 million pounds and they are successfully trying to recover it through online sales. The fashion brand Monsoon Accessorize and Quiz, in the UK, stated on Wednesday, that they will also be closing some of their branches.
    Inditex now faces a further challenge in the form of competitors like H&M, Fast Retailing, and Asos and Boohoo. Inditex aims to increase the percentage share of online sales from 14% in 2019 to 25% by 2022. The large stores that will remain open will operate as distribution centers for online business.
    Under the new plan, Inditex will be devoting 1 billion pounds for online sales management by the year 2022. In addition to this, it will be spending a further 1.7 billion pounds on the large stores so that they can integrate and make good use of the websites.
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NEWS

Android 11 Tries To Hit Market With Some Features Similar as IOS

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  • Google released Android 11 beta on 10th June
  • Android 11 introduces features which were already present in IOS and users do not fail to notice
  • Apple has already sued Android once for allegedly copying its features
    June 11th, 2020: on 10th June, Google released Android 11 beta which introduces new features which allow users to handle complexity. Some of these new features, however, are alarmingly similar to the iPhone operating system.
    Last year, Android 10 beta initially introduced the native screen recording feature but it was removed before the official release. This feature reappears in Android 11 this year and users hope that it stays this time around.
    Android 11 appears to copy several iPhone features to gain popularity. Users have pointed out that the screenshot interface, speaker selection icon, and gesture navigation are surprisingly identical to IOS. With Android 11, screenshots will appear at the bottom left corner, exactly as in iPhone.
    Many Android and iPhone users have noticed how Apple features, in one way or another, always influence the Android operating system.
    Among the most significant features introduced in Android 11 is the use of smart Home controls that can be accessed by long-pressing the power menu button. This is near identical to the HomeKit control added to the Control Centre. Much like Apple introduced in their IOS 13, Android 11 now also gives users the opportunity to grant permissions case-by-case.
    According to this feature, the user will not be asked for any sweeping permission to access valuable content but can approve access for a particular case. Something that Android uniquely introduces, which takes it a step further, is that permissions granted in an application that is not used for quite some time will automatically be revoked.
    Apple users also find the Android 11 drop-down notification menu very familiar. This easy shifting between media is very similar to IOS’s AirPlay icon.
    A range of other features are also included in Android 11 introduced by Google, many of them unique to Android. Despite this, there is no ignoring the fact that indeed several features appear quite identical to those introduced by IOS.
    It is worth remembering that Apple has sued Android once before for allegedly “copying” IOS’s phone unlock style, in its slide-to-unlock feature. This, surprisingly, was only vaguely similar to IOS, yet Apple took legal action. It is yet to be seen if Apple disapproves of Android 11.
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