Category: Retail News
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 [...]
Estee Lauder’s plunge on weak forward guidance is not a reason to sell the stock
The magnitude of the management's guidance revision is about as bad as we have ever seen, especially with only one quarter left in the company's fisca [...]
Club meeting recap: Fed in Focus, Estee Lauder, earnings roundup
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
This is the best off-price retailer to own in this shaky economic environment
TJX Companies should continue to be able to take advantage of the inventory glut plaguing the retail industry, not to mention the troubles at other ch [...]
Jenny Craig tells employees it will shut its doors
Employees received an email from the company last night indicating their jobs would be terminated by the end of the week or sooner for some. [...]
Jim Cramer’s top 10 things to watch in the stock market Wednesday
The Federal Reserve is widely expected to raise interest rates by another 25 basis points, while a slate of Club holdings report quarterly results. [...]