Category: Retail News
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. [...]
Jim Cramer’s Investing Club meeting Friday: Overbought market, Wells Fargo, Estee Lauder
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Activist investor Nelson Peltz’s Trian won’t pursue Wendy’s takeover
Nelson Peltz isn't interested in acquiring Wendy's but said in a statement he is confident in the company's ability to drive shareholder value. [...]
South Koreans are the world’s biggest spenders on luxury goods
Morgan Stanley says South Koreans spend more on luxury goods per capita than even American or Chinese nationals. [...]
Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
Nike's CEO John Donahoe said the company is "really focused" on Gen Z consumers in China and aims to see inventory levels normalized by the end of the [...]
Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. [...]