Category: Retail News
Restaurant chain BurgerFi files for Chapter 11 bankruptcy protection
In its latest quarter, same-store sales at BurgerFi's namesake chain tumbled 13%. [...]
How retailers and media companies are teaming up to bring live shopping to the 2024 VMAs
Viewers of the 2024 MTV VMAs will be able to shop the red carpet looks they're seeing in real time with new AI technology from Paramount Global and Sh [...]
Bank stock woes hold back the overall market, but Starbucks’ new CEO is full steam ahead
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. [...]
New Starbucks CEO Brian Niccol outlines priorities to end coffee chain’s slump
Starbucks named Brian Niccol as CEO in August, trusting him to turn around the coffee chain's slumping sales. [...]
Why a Wall Street downgrade of Costco is not a reason to sell the stock
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
SEC charges Keurig Dr Pepper for making inaccurate claims about K-Cups’ recyclability
In Keurig's fiscal second quarter, sales of K-Cup pods and the company's brewing systems accounted for nearly a quarter of the company's revenue. [...]
Rotation trade pushed this consumer stock to new highs, so we’re booking some profits
This stock has become a source of funds to buy other companies that have been hit hard and stand to benefit from Fed rate cuts. [...]
Big Lots files for bankruptcy, sells to PE firm as it promises to keep offering ‘extreme bargains’
Discount home goods retailer Big Lots filed for bankruptcy as low-income shoppers slow spending on new furniture and home decor. [...]
Nelson Peltz steps down as chair of Wendy’s board, starting a new era for burger chain
Peltz's Trian Fund Management has a 10% stake in Wendy's, making it the company's second-largest shareholder. [...]
Six issues Brian Niccol will have to fix at Starbucks as he takes over as CEO
Former Chipotle CEO Brian Niccol is starting as chief executive of Starbucks. [...]