Category: Retail News
Mars to acquire snack maker Kellanova in $36 billion deal
After separating from Kellogg in 2023, Kellanova will become part of Mars Snacking, adding billion-dollar brands Pringles and Cheez-Its to the portfol [...]
3 data points that could impact how big of a Fed rate cut the market gets next month
The recent data certainly supports the idea of a rate cut at the Fed's mid-September meeting, [...]
Why Wall Street thinks Brian Niccol is the person to revive Starbucks — and end the Howard Schultz era
Starbucks tapped Brian Niccol as its latest CEO, effective Sept. 9, after sales slumped under Laxman Narasimhan. [...]
Home Depot may need an interest rate cut to boost its sales
Home Depot has been hurt by higher interest rates, which have slowed housing turnover and demand for bigger projects. [...]
Jim Cramer: What Starbucks shareholders should do after 20% stock pop on CEO change
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Chipotle stock falls as CEO Brian Niccol leaves for Starbucks
Chipotle stock fell 10% in premarket trading Tuesday as the company announced CEO Brian Niccol would be leaving his role on Aug. 31 to become CEO of S [...]
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
After several quarters of weak sales, Starbucks has tapped Chipotle CEO Brian Niccol as Laxman Narasimhan's replacement. [...]
Home Depot expects sales to weaken as consumers grow more cautious
Home Depot's CFO said homeowners are now deferring projects due to a "sense of greater uncertainty in the economy." [...]
Equinox Group-owned gym chain Blink Fitness files for bankruptcy
Equinox Group-owned budget gym chain Blink Fitness is filing for bankruptcy while other low-cost gyms like Planet Fitness are seeing membership grow. [...]
Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls
Macy's namesake stores have long served as an anchor for malls across the country, and its plans to close them will lead to widespread change. [...]