Category: Retail News
Ripple buys crypto infrastructure startup in its second acquisition of 2023
Cryptocurrency company Ripple on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure. [...]
Jim Cramer sees ‘green shoot’ in stock market reaction to this secondary stock sale
The market reaction to a $300 million secondary stock offering from Dutch Bros (BROS) is an encouraging sign, CNBC's Jim Cramer said. [...]
Slowing inflation is dragging on Kroger sales, even as consumers still feel a pinch
The grocer Kroger said it expects stabilizing and falling prices to hurt its revenue numbers. [...]
Kroger will pay up to $1.2 billion to settle most nationwide opioid claims
The settlements would allow for "full resolution" of all opioid claims on behalf of U.S. states, local governments and Native American tribes, Kroger [...]
Used vehicle prices may have bottomed for 2023 after August increase
Cox Automotive reported a slight uptick in its Manheim Used Vehicle Value Index from July to August. [...]
How much are retailers losing to shrink and theft? In many cases, it’s not the main drag on profits
As more and more companies blame shrink and theft for lower profits, some are offering more clues than ever into how much it's cutting into their bott [...]
Walmart cuts starting pay for new hires who prepare online orders, stock shelves
New Walmart employees who join the digital or stocking teams now make about a dollar-an-hour less than they would have if hired several months ago. [...]
British American Tobacco finalizes Russia exit with sale to local managers
British American Tobacco's brands include Camel and Newport. [...]
New York man was killed ‘instantly’ by Peloton bike, his family says in lawsuit
The family of Ryan Furtado claims his Peloton bike severed his carotid artery and killed him "instantly," marking the first known death linked to the [...]
New signals about where shoppers are spending their money put one of our retail stocks in the sweet spot
The consumer is expected to remain resilient this year, but some store chains will benefit more than others. [...]