Category: Retail News
Bernie Sanders hints at subpoena for Starbucks CEO Howard Schultz
Senators are holding a hearing March 9 about Starbucks' alleged noncompliance with federal labor law. [...]
Kraft Heinz issues soft profit guidance after price increases boost revenue
Kraft Heinz saw a decline in sales volume as it increased prices more than 15%. [...]
LeBron James’ business partner Rich Paul unveils new sportswear brand with New Balance
Klutch Athletics says its mission is to provide all athletes with high-quality training apparel and empower them throughout their sports journey. [...]
Chipotle Mexican Grill to launch new spinoff, Farmesa Fresh Eatery, in a ghost kitchen
Farmesa marks Chipotle's first spinoff attempt during CEO Brian Niccol's tenure and will have a soft opening in late February. [...]
CNBC Daily Open: U.S. stocks shrug off hot inflation numbers
A hotter-than-expected CPI reading for January caused U.S. Treasury yields to increase. But stocks were remarkably resilient. [...]
CNBC Daily Open: U.S. inflation rose more than expected. But stocks held steady
A hotter-than-expected CPI reading for January caused U.S. Treasury yields to increase. But stocks were remarkably resilient. [...]
The US, China spy balloon tensions are drifting into politics of the supply chain
The U.S-China trade relationship has endured Covid and tariffs. Now alleged spy balloons are giving industries like retail another reason to move manu [...]
Sandwich chain Subway is exploring a possible sale
Subway, which has over 37,000 restaurants in more than 100 countries, said earlier this month its same-store sales climbed 9.2% last year. [...]
Household budgets are shredded: These stocks will benefit as consumers trade down to store brands
Consumers have been slow to change their behavior, but this year, trading down is expected to accelerate, said Truist analyst Bill Chappell. [...]
Here’s the breakdown of the inflation report for January — in one chart
High inflation persisted in January, with the consumer price index rising 6.4% on an annual basis. [...]