Category: Retail News
Michael Jordan is selling his majority stake in the Charlotte Hornets
Jordan will sell his majority stake in the NBA's struggling Charlotte Hornets, and Gabe Plotkin and Rick Schnall are poised to become majority owners. [...]
Bonobos co-founder Andy Dunn returns as brand advisor after Walmart sale
Bonobos co-founder Andy Dunn has been tapped to be the retailer's brand advisor as the menswear company looks to return to its roots after it was sold [...]
Retailers are preparing for a discount heavy, down holiday season: CNBC survey
Inflation may be down, but consumer demand is soft, retailers aren't placing big orders for peak season, and they expect discounts will be needed: CNB [...]
How Starbucks could boost profits by putting AI chatbots at its drive-thru windows
We think the coffee giant could increase profitability through the use of AI at its drive-thrus. [...]
Alibaba founder Jack Ma is ‘alive’ and ‘happy,’ top exec says after China’s tech crackdown
There is continued interest in Alibaba founder Jack Ma's whereabouts after he and his empire were the target of an intense regulatory crackdown by Chi [...]
Bowlero CEO calls discrimination claims made in EEOC investigation ‘absurd’
Bowlero CEO Tom Shannon calls discrimination allegations against his company "absurd," but acknowledges an EEOC investigation may be hurting its stock [...]
Mediterranean restaurant chain Cava stock soars as much as 112% in market debut
The parent company of Mediterranean restaurant chain Cava started trading on the New York Stock Exchange. [...]
Alibaba to launch local versions of its China e-commerce site in Europe
Launching Tmall in Europe reflects a significant shift in strategy for Alibaba in its international e-commerce operations. [...]
Mediterranean restaurant chain Cava is going public. More restaurants could follow its lead
Mediterranean fast-casual chain Cava is expected to make its market debut on the New York Stock Exchange using the ticker CAVA. [...]
Petco collaborates with Snoop Dogg in new pet-care campaign
The campaign's first ad showcases Snoop Dogg as the human form of a Doberman Pinscher, a nod to the rapper's 1993 hit "Who Am I? (What's My Name)?" [...]