Category: Retail News
Bank branches inside supermarkets are closing 7 times faster than other locations
PNC, Citizens Financial and U.S. Bank shut the most in-store locations recently at chains including Safeway and Stop & Shop. [...]
Shein deepens its relationship with Forever 21, will begin selling co-branded clothes online
Fast fashion players Shein and Forever 21 are slated to unveil a co-branded clothing line after the two retailers launched a joint venture earlier thi [...]
Retailers urge Congress to crack down on theft, as industry ramps up lobbying effort
The retail industry is pushing for Congress to crack down on organized theft, even as losses from crime [...]
Chipotle Mexican Grill easily tops earnings estimates, as price hikes help offset higher food prices
Beef and queso costs rose this quarter, largely offsetting last year's menu price hikes. [...]
UPS stock falls after delivery giant cuts revenue outlook
UPS reported third quarter earnings and warned of persistent global economic uncertainty. [...]
Hasbro, Mattel shares plunge as toymakers forecast a lackluster holiday season
Hasbro and Mattel face a challenging fourth quarter, as both toy makers lowered their sales outlook for toys. [...]
Marlboro maker Altria reports declining revenue, citing competition from illicit e-vapor products
The Marlboro maker said domestic cigarette shipment volume fell 11.6%, primarily driven by industry declines and competition from illicit e-vapor prod [...]
A credit card Christmas: Taking on shopping debt carries more risk this holiday season
Holiday forecasts indicate U.S. consumers are eager to celebrate but are feeling stretched and looking for deals. [...]
Meet the ‘queen of caviar’ who supplies Britain’s royal family with the world’s most expensive food
Laura King has run a caviar business for nearly 20 years and imports hundreds of kilos of the sturgeons' eggs to the U.K. every two to three weeks. [...]
Mattel says Barbie sales grew 16% as blockbuster movie became a phenomenon
Mattel reported earnings and revenue that came in higher than Wall Street's expectations. [...]