Category: Retail News
N.J. deli stock fraud defendant renounced U.S. citizenship, prosecutors seek detention
Three men, including Peter Coker Jr. and his dad, are accused of pumping up the stock price of a New Jersey deli-owning company once valued at $100 mi [...]
Chewy and Petco earnings make it clear: Pet health care is their future
Chewy and Petco have bet big on pet health care, which could be the key to long-term success. [...]
Walmart lays off hundreds of workers at e-commerce facilities
Walmart joins a growing list of retailers, including Amazon and Target, that are cutting costs. [...]
Starbucks CEO says he’ll work a shift at the company’s cafes once a month
New Starbucks CEO Laxman Narasimhan plans to work a shift once a month at the company's cafes. [...]
Olive Garden parent raises revenue outlook as same-store sales jump
Darden's same-store sales grew 11.7% across all of its brands, which include chains like Olive Garden, LongHorn Steakhouse and The Capital Grille. [...]
Starbucks shareholders to vote on proposals for labor probe, succession planning
New Starbucks CEO Laxman Narasimhan will lead the company's shareholder meeting just days after his transition to the role. [...]
Carvana shares pop as company offers first-quarter guidance, restructures debt
Carvana expects a first-quarter loss of between $50 million and $100 million, drastic improvement from a loss of $348 million it reported a year earli [...]
Starbucks is bringing olive oil-infused coffee to a few locations in the U.S. this week
The Oleato line, which was the brainchild of former CEO Howard Schultz, debuted in roughly two dozen Italian cafes in February. [...]
Barclays sees Nike shares surging more than 20% after the apparel giant’s latest earnings report
Nike worked through excess inventory during the holiday season as it navigated global supply chain issues. [...]
Panera Bread tests Amazon’s palm-scanning technology in St. Louis
Customers at two Panera Bread locations in St. Louis can use their palms to pay for their orders and connect to their loyalty program accounts. [...]