Category: Retail News
Nike unveils plan to cut $2 billion in costs, warns of soft revenue
Nike said the plan will $400 million to $450 million in pre-tax restructuring charges that will largely come to fruition in the current quarter. [...]
Man pleads guilty in stock fraud case involving $100 million New Jersey deli
Hometown International once was valued at $100 million on the stock market despite owning a tiny, money-losing deli in New Jersey. [...]
New car sales are expected to rise slightly next year in the U.S.
Forecasters expect auto sales next year to increase by between 1% and 4% to roughly 15.6 million to 16.1 million vehicles sold. [...]
Santa gets a behind-the-scenes boost from AI this holiday season
From using chatbots to predicting demand for items, retailers are experimenting with and expanding use of generative AI this holiday season. [...]
Every restaurant chain wants to beat Chick-fil-A, but it’s stronger than ever
Even McDonald's, which outstrips Chick-fil-A by sales and footprint, is leaning into chicken to drive growth. [...]
Finding Reliable Wholesale Suppliers on a Limited Budget
Discover how to find reliable wholesale suppliers even when you have a limited budget. Learn tips and tricks to get the best deals and grow your busin [...]
Chair of powerful House committee pushes Shein about data protections, its relationship with China
The House Energy and Commerce Committee wants Shein to share more information on its relationship with China and its data protections ahead of its U.S [...]
Whiskey distillers cheer as EU, U.S. strike deal to avoid 50% tariff on exports to Europe
The European Union and U.S. agreed to extend the suspension of 50% tariffs on whiskey exports that American distillers had been dreading. [...]
General Mills echoes FedEx with a warning about weaker demand
General Mills and FedEx both cut their revenue outlook for their fiscal years. [...]
‘Girl math’ is back. Consumers are shopping earlier to ‘save more’ on Christmas day
"Girl math" makes a timely return this holiday season, throwing the spotlight on new seasonal spending habits that consumers are adopting this year. [...]