Restaurant prices are rising faster than grocery prices for the first time since inflation ran hot
March marks the first month since inflation started accelerating in 2021 that restaurant prices outpaced grocery prices on a 12-month basis. [...]
JMP says this e-commerce stock could surge 45% as it continues to take market share
JMP Group upgraded Shopify shares to market outperform, while noting that the company should engage in greater expense discipline. [...]
Michael Jordan’s ‘Last Dance’ shoes just became the most expensive sneakers ever sold
Michael Jordan's shoes from the 'Last Dance' have set a new record for sneaker prices. [...]
Walmart to close four underperforming Chicago stores
Walmart locations in the Kenwood, Lakeview, Little Village and Chatham neighborhoods of Chicago will close April 16. [...]
Walmart chases higher profits powered by warehouse robots and automated claws
The big-box retailer is adding automation to more of its distribution centers, fulfillment centers and stores. [...]
Chipotle unveils sustainable-restaurant design as it aims to cut carbon footprint in half by 2030
Next year, more than 100 of the burrito chain's new locations will use all-electric equipment and some additional elements from the new design. [...]
Costco’s weaker sales offer a buying opportunity for investors
Costco Wholesale's (COST) weak March sales and subsequent drop in its stock price late last week offer an opportunity to buy shares of the retailer on [...]
Blocked emergency exits and ‘dangerous’ fire hazards: Dollar General again found in violation of federal workplace safety standards
Discount retailer Dollar General, which has been fined $15 million for safety violations since 2017, was penalized for fire hazards at a Pennsylvania [...]
Sweetgreen renames menu item after Chipotle sues for trademark infringement
The name change is part of a tentative agreement to resolve Chipotle's lawsuit against Sweetgreen. [...]
Starbucks customers are complaining about stomach issues from new olive oil-infused coffee
One customer described the Oleato beverage line as a "legit laxative." [...]