Category: Retail News
Wayfair to lay off 13% of workforce, impacting 1,650 employees
Digital home goods retailer Wayfair is cutting 13% of its global workforce as it looks to trim down its structure, cut layers of management and reduce [...]
Navigating the Dynamic Retail Market: Latest News and Insights
Stay updated with the latest news and insights on the ever-changing retail market. Navigate the dynamic retail landscape with expert tips and advice. [...]
Wendy’s taps PepsiCo exec Kirk Tanner as new CEO as burger chain fights off activist pressure
Outgoing CEO Todd Penegor has been at the helm of Wendy's since 2016. [...]
Macy’s to cut more than 2,300 jobs, about 3.5% of its workforce, and close five stores
The legacy department store Macy's aims to trim costs and turn around slowing sales. [...]
Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
Birkenstock shares dipped nearly 10% Thursday morning after the company shared its first earnings report since its initial public offering. [...]
CNBC Daily Open: Could better data be a good thing for markets?
It's only the third week of the new year and markets are slowly heading into the cycle of good data being received as bad news. [...]
Watches of Switzerland shares plunge 28% after guidance cut
Watches of Switzerland shares plummeted 28% on Thursday morning after the luxury watch retailer cut its guidance for fiscal 2024. [...]
‘That’s Bidenomics at work’: White House eager to take credit for retail sales bounce
Bidenomics is a central pillar of the president's 2024 reelection campaign. [...]
CNBC Daily Open: Good data, bad news?
It's only the third week of the new year and markets are slowly heading into the cycle of good data being received as bad news. [...]
China launches a security review of Shein. Here’s what it means for its IPO
China's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. IPO. [...]