Category: Retail News
How U.S. airlines make $7 billion a year from checked bags
For decades, most bags flew for free, but in recent years fees have surged, boosting the bottom line of the nation's carriers. [...]
Restaurants embrace premium reservations to target big spenders
The strategy echoes the broader push across industries to encourage customers to pay more for a better experience. [...]
Salad chain Sweetgreen reports narrowing losses as it aims for profitability
The salad chain's traffic increased 2% during the quarter, helping boost same-store sales by 5%. [...]
Club meeting recap: Equities slide, J&J consumer IPO, Costco sales
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
Darden Restaurants believes that fine-dining restaurants' sales growth will outpace that of casual-dining eateries through 2026. [...]
Carl’s Jr. and Hardee’s to roll out Presto’s A.I. drive-thru ordering nationwide
The partnership with CKE Restaurants, the parent company of Carl's Jr. and Hardee's, is the largest launch to date of Presto Voice. [...]
Peloton reports wider-than-expected loss, but points to progress in its turnaround
Peloton reported subscription growth despite its ninth straight quarter of losses. [...]
Macy’s opens more strip mall stores as expansion strategy faces pivotal test
Macy's push into smaller and off-mall stores is its answer to investors who see department stores as dull and irrelevant. [...]
Tech giant PDD Holdings, parent of Pinduoduo and Temu, moves headquarters from China to Ireland
PDD Holdings' move perhaps signals the Chinese tech giant's attempt to boost its international presence with U.S. shopping app Temu. [...]
House China committee targets top clothing brands in forced labor inquiry
Lawmakers asked retailers Temu, Shein, Nike and Adidas about the use of materials and labor sourced from the Xinjiang Uyghur Autonomous region of Chin [...]