Category: Retail News
Baby killed, another injured in strollers sold by major retailers, CPSC says
The Consumer Product Safety Commission warned about the risk of head and neck entrapment in Baby Trend strollers after a baby was killed and another i [...]
Luxury brands diverge: Tapestry stock rises while Capri slides after earnings
Kate Spade owner Tapestry beat analyst expectations Thursday and raised its annual profit forecast, a day after Capri's disappointing third quarter ea [...]
Iconic Kobe Bryant jersey sells for record $5.8 million at auction
The jersey worn by the late basketball star during 25 games of his 2007-2008 season is now the most expensive Kobe Bryant item ever sold at auction. [...]
Chick-fil-A will test a cauliflower sandwich in its first plant-based pilot
Chick-fil-A said it's been working on a plant-based sandwich for nearly four years. [...]
Fast food reigns supreme as inflation weighs on pricier restaurants
Fast-casual and full-service restaurants like Chipotle and Chili's are struggling to attract customers. [...]
PepsiCo earnings beat expectations as price hikes boost snack and beverage sales
PepsiCo saw volume fall 2% across its food business as price hikes hurt consumer demand. [...]
Mattel shares tumble after holiday season fails to boost sagging sales
Mattel had hoped the holiday season would boost sales as inflationary pressures continue to squeeze consumer demand. [...]
Michael Kors-owner Capri shares plunge after revenue falls across the retailer’s luxury brands
Revenue fell across the company's luxury brands — Michael Kors, Jimmy Choo and Versace — dragged lower by slowing traffic in China. [...]
Under Armour raises outlook as earnings and revenue beat expectations
Under Armour has an inventory glut that's up slightly from its last quarter and 50% year-over-year despite heavy discounting and promotions. [...]
Fast-food giant Yum Brands tops expectations, led by strength in Taco Bell
Taco Bell reported same-store sales growth of 11% for the fourth quarter. [...]