Category: Retail News
One online retailer will get a sizable sales boost from Bed Bath & Beyond’s demise, Telsey Group estimates
The shuttering of Bed Bath & Beyond stores would leave about $4.3 billion in sales up for grabs, according to Telsey Group. [...]
Target rolls out curbside returns as retailers hope convenience will boost sales
The big-box retailer is sweetening the service, as it tries to hang on to pandemic-fueled gains. [...]
Chipotle Mexican Grill earnings beat estimates as revenue climbs 17%
Shares of Chipotle Mexican Grill have risen 28% this year, giving it a market value of $49.1 billion. [...]
Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
Gap will lay off more than 500 employees in its latest round of layoffs as the apparel retailer looks to cut costs and get back to profitability. [...]
UPS shares fall after delivery giant reports disappointing earnings
UPS reported first-quarter misses on both earnings and revenue amid contentious contract negotiations and deceleration in U.S. sales. [...]
McDonald’s diners are pushing back against price increases in some markets, CEO says
Consumer companies like McDonald's, PepsiCo and Coca-Cola are reporting mixed reactions to higher prices during the first quarter. [...]
KitKat and Nescafe owner Nestle says it’s raised prices by nearly 10% so far this year
Nestle raised prices by 8.2% in 2022, but CEO Mark Schneider had warned further rises were to come to defend its margins. [...]
Fintech firm Klarna overhauls its app with a TikTok-like discovery feed as A.I. hype swirls
"Buy now, pay later" firm Klarna on Tuesday made some sweeping changes to its app, including a TikTok-inspired discovery feed that recommends products [...]
Johnson & Johnson to price shares of consumer spinoff Kenvue at $20 to $23 in IPO
J&J said it launched a roadshow for Kenvue's IPO of more than 151 million shares of common stock. [...]
Canadian billionaire Steve Apostolopoulos says he’s still in the running with his bid for the Washington Commanders
Canadian businessman Steve Apostolopoulos says he's still in the running for the Washington Commanders. [...]