Category: Retail News
Two Big Tech names and a luxury retailer made headlines. Here’s our take on each
Club holdings Meta Platforms (META), Microsoft (MSFT) and Estee Lauder (EL) all were in the news Thursday. [...]
Bud Light maker Anheuser-Busch to lay off hundreds of corporate staff
The layoffs at Anheuser-Busch come as the beverage giant sees sales of its flagship lager Bud Light fall. [...]
Shein says it was profitable in the first half of the year as U.S. IPO rumors swirl
SHEIN reached the highest profit in the company's history during the first half of 2023 as rumors swirl over whether the fast-fashion juggernaut will [...]
McDonald’s is creating a spinoff restaurant brand called CosMc’s
McDonald's will test CosMc's in a handful of sites in "a limited geography" in early 2024. [...]
Chipotle shares slide as sales fall short of Wall Street’s expectations
Chipotle's stock has climbed 50% year to date, but it fell after the company reported second quarter earnings. [...]
Coca-Cola says it’s done raising prices in the U.S. and Europe this year
Coke's prices were up 10% in the second quarter compared with the year-ago period. [...]
Amazon offers concessions to UK antitrust watchdog as part of probe into its marketplace practices
Amazon on Wednesday offered commitments to the U.K. Competition and Markets Authority to address the British competition watchdog's concerns. [...]
Gap taps top Mattel executive to be its new CEO
Richard Dickson, Mattel's president and chief operating officer credited with reviving the Barbie franchise, was selected to be Gap's new chief execut [...]
Samsung launches two new folding smartphones to fend off competition from rivals
Samsung on Wednesday launched two new folding smartphones, the Galaxy Z Flip 5 and Galaxy Fold 5. [...]
Coca-Cola raises full-year outlook as earnings beat estimates
Coke has been raising prices across its portfolio, including another round of hikes during the first quarter. [...]