Michael Kors-owner Capri shares plunge after revenue falls across the retailer’s luxury brands
Revenue fell across the company's luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China. [...]
Under Armour raises outlook as earnings and revenue beat expectations
Under Armour has an inventory glut that's up slightly from its last quarter and 50% year-over-year despite heavy discounting and promotions. [...]
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Taco Bell reported same-store sales growth of 11% for the fourth quarter. [...]
Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales
The burrito chain has been raising prices to offset higher food and labor costs. [...]
Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy
Bed Bath & Beyond has been on the verge of bankruptcy but bought some time with a public stock offering that's expected to bring in more than $1 b [...]
Weekend Newsletter 2/2023
We’ll be sharing some of the latest news to keep you informed and up-to-date on everything in the wholesale industry. Tips n’ tricks, advice, hot prod [...]
Mediterranean restaurant chain Cava confidentially files for an IPO
Cava, the Mediterranean restaurant chain modeled after Chipotle, has confidentially filed for an IPO. [...]
Amid food inflation, more shoppers turn to dollar stores for groceries
Rising food costs are pushing consumers to get more creative about where they go for groceries. [...]
Nordstrom could use an activist, but Ryan Cohen might not be the right one
The activist investor is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC. [...]
Nordstrom stock surges after report says activist investor Ryan Cohen bought a stake
GameStop Chairman Ryan Cohen is reportedly targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom's board. [...]