Category: Retail News
Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
Ruth's Chris Steak House has more than 150 locations worldwide and generated $505.9 million in revenue in 2022. [...]
Yum Brands earnings miss estimates despite KFC and Pizza Hut’s recovery in China
Yum's same-store sales increased 8% in the quarter as KFC, Taco Bell and Pizza Hut outperformed expectations. [...]
Ford restores faith with quarterly results, while Starbucks proves to be a China play
Club holding Ford (F) on Tuesday showed investors it had righted the ship in the first quarter, while Starbucks' (SBUX) quarterly sales were bolstered [...]
Starbucks earnings beat as China reverses same-store sales declines
Starbucks reported earnings after the bell. Here are the results. [...]
Off-price retailers to get cheap inventory and real estate from Bed Bath & Beyond’s bust, BofA says
With nearly 500 store vacancies and cheap inventory coming from Bed Bath & Beyond's bankruptcy, certain retailers will benefit, Bank of America sa [...]
Restaurant Brands earnings beats estimates, fueled by Tim Hortons’ and Burger King’s strong sales
Burger King's U.S. same-store sales climbed 8.7%, an early sign that its turnaround is taking hold. [...]
Lawmakers urge SEC to crack down on Chinese retail giant Shein over alleged forced labor
Shein, a major fast-fashion brand, is under fire for allegedly selling clothes made by forced labor in China. [...]
Pro sports unions unite to discuss importance of mental health
Players from the NFL, NBA, MLB and other sports are calling attention to mental health during the month of May. [...]
What Home Depot’s billion-dollar pay raise may help prove about workers
Home Depot's $1 billion investment in wages as sales slow took Wall Street by surprise, but paying workers more can pay off for big companies. [...]
Prebiotic soda Olipop approaches $200 million in annual sales — and CEO says Coca-Cola and PepsiCo have already come knocking
Olipop's rise coincides with declining soda consumption in the U.S. and rising interest in "gut health." [...]