Category: Retail News
Party City files for bankruptcy to restructure piling debt
Party City and some of its U.S. units have filed for Chapter 11 bankruptcy, as the retailer looks to restructure its debt. [...]
Bank of America downgrades Levi Strauss, says upside is hard to see with discounts and sliding denim demand
Sliding demand for denim and a continued reliance on markdowns make it hard to expect outperformance from Levi Strauss, Bank of America said Wednesday [...]
Gen Z is driving luxury sales as wealthy shoppers get younger
Analysts and luxury executives say the appeal of luxury brands to ever-younger consumers is tied to a surge in wealth creation over the past few years [...]
Jim Cramer’s Investing Club meeting Tuesday: Wells Fargo, trades, Emerson Electric
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Peloton hires former Twitter executive as new head of marketing
Peloton has hired former Twitter CMO Leslie Berland to serve as its new chief of marketing. [...]
We’re initiating a position in a U.S. industrial giant set to gain from infrastructure spending
This new addition will increase our position in stocks of companies that trade at reasonable price-to-earnings multiples. [...]
Adidas says Berlin Fashion Week launch and co-CEO announcements are fake
The Yes Men, an activist group that has a history of creating spoofs to draw attention to corporations, said it was behind the releases. [...]
Food fraud secretly infiltrates kitchens across America — here’s how to avoid it
Food fraud costs the global food industry $40 billion per year, misleading consumers while posing potential public health risks, according to the FDA. [...]
Wall Street’s favorite retail stocks include Amazon and this little-known shoe company
These are analysts favorite retails stocks with more than 30% upside potential. [...]
How the job of Amazon delivery has changed with Rivian’s electric vans and routing software
Now that Rivian vans are delivering in 100 U.S. cities, Amazon drivers say a lot has changed with their experience on the roads. [...]