Category: Retail News
Fast-food drive-thru lanes speed up as fewer drivers wait in line
The average total time spent in a drive-thru lane shrank by 29 seconds this year, according to Intouch Insight. [...]
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
Billionaire LVMH CEO Bernard Arnault has hit back at "absurd and unfounded" allegations of money laundering. [...]
Amazon customers report false email confirmations for gift cards they did not buy
Amazon customer service representatives have been receiving a host of inquiries from worried and confused customers. [...]
Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom
Kellogg, J.M. Smucker and other food companies are making big bets on snacking, but the rise of Wegovy and Ozempic could pose a threat to future sales [...]
Breaking Down the Latest Retail Industry News
Stay updated with the latest retail industry news. Get valuable insights and analysis on market trends, consumer behavior, and innovations shaping the [...]
Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Blue Apron has in recent months transitioned to become a more asset-light business, selling its operational infrastructure and laying off staff. [...]
Toys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
Toy retailer Toys R Us plans to open as many as 24 brick-and-mortar flagship stores across the U.S., its parent company WHP Global announced Friday. [...]
LVMH boss Bernard Arnault under investigation in Paris over Russian oligarch transactions
The Paris public prosecutor's office is investigating LVMH CEO Bernard Arnault over financial transactions involving Russian oligarch Nikolai Sarkisov [...]
Nike misses revenue expectations for the first time in two years, beats on earnings and gross margin
Nike fell short of revenue expectations during its fiscal first quarter but beat on earnings and margins. [...]
GameStop’s survival demands ‘extreme frugality,’ CEO Ryan Cohen tells employees
Billionaire activist Ryan Cohen was named GameStop's top executive earlier Thursday. [...]