Rite Aid Discloses Over $1 Billion Loss Prior to Bankruptcy Filing
Struggling drugstore chain Rite Aid reported a staggering loss of over $1 billion in the months leading up to its recent......
SHEIN Addresses Forced Labor and Privacy Concerns Amidst IPO Speculation
SHEIN, the global fast-fashion giant valued at $66 billion, faces critical challenges as it contemplates a U.S. IPO. Allegations of forced......
Kohl’s Unveils Holiday Plans to Boost Sales Amidst Economic Flux
As Kohl’s gears up for the holiday season, new CEO Tom Kingsbury is spearheading a strategic refresh, focusing on merchandise selection......
Costco CEO Craig Jelinek to Step Down, COO Ron Vachris to Take the Helm
Costco’s long-serving CEO, Craig Jelinek, is set to step down as of Jan. 1, marking a transition after the company’s robust......
Albertsons Moves Forward With Kroger Merger Despite Consumer Headwinds
Albertsons, the grocery chain, has reported better-than-expected second-quarter results, with adjusted earnings per share eroding less than anticipated, positio...
Walmart Bolsters Third-Party Marketplace To Take On E-Commerce Giant Amazon
As the holiday season approaches, Walmart is intensifying efforts to attract and retain independent sellers on its third-party marketplace, aiming to......
Activist Investor Engaged Capital Targets VF Corp., Advocates for Cost Cuts and Board Changes
Engaged Capital, an activist investment firm, has disclosed a stake in VF Corporation, the parent company of Vans and The North......
HomeGoods Abruptly Closes Online Store, Focusing on Brick-and-Mortar Expansion
HomeGoods, owned by TJX Companies, has announced the sudden closure of its online shopping platform, effective Oct. 21. In an email......
L’Oreal Eyes Strong Q3 Sales Boost From China, But Lingering Concerns Loom
L’Oreal’s skincare and cosmetics labels are expected to significantly bolster the company’s quarterly sales, particularly in China. While over...
Amazon Introduces ‘Sequoia’ Robotic System to Revolutionize Warehouse Efficiency and Delivery Speeds
Amazon has implemented a new robotic system, named “Sequoia,” at one of its Houston warehouses to enhance inventory management and accelerate......
Rite Aid to Close 154 Stores Nationwide in Chapter 11 Restructuring
Rite Aid is set to close 154 stores as part of its Chapter 11 bankruptcy filing. While the closures are scattered......
Mars Gears Up for Record Halloween Candy Sales, With $3.6 Billion in Consumer Spending Expected
For candy makers like Mars, Halloween is a monumental event, with projections indicating consumers will spend $3.6 billion on Halloween candy......
StubHub Anticipates 60% Surge in NBA Ticket Sales as International Interest Grows
With the NBA season set to begin, StubHub reports a nearly 60% surge in ticket sales compared to the previous year,......
Tupperware Shares Surge as New CEO Takes the Helm Amid Board Shakeup
Tupperware, the iconic container brand, has named Laurie Ann Goldman as its new CEO and made significant changes to its board......
Chick-fil-A Settles Lawsuit Over Alleged Delivery Price Inflation for $4.4 Million in Cash and Gift Cards
Chick-fil-A has reportedly agreed to a $4.4 million settlement following accusations of inflating delivery prices during the pandemic while advertising low......
Best Buy CEO Links ‘Funflation’ and Taylor Swift Concerts to Sluggish Electronics Sales
Best Buy CEO, Corie Barry, suggests that the surge in spending on experiences like Taylor Swift concerts, coined as “funflation,” is......
Walmart Employees Navigate Tense Encounters at Self-Checkouts Due to Anti-Theft Tech
Walmart employees reveal confrontations with customers due to anti-theft tech at self-checkouts. The technology flags missed scans and potential theft, leading....
Retailers Like Walmart Embrace Costco-Style Free Samples as Brands Seek Direct Consumer Engagement
Brands including Mondelez and startup Dude Wipes are ramping up sampling efforts to attract consumer attention and boost sales. Walmart is......
McDonald’s Franchisees in Middle East Caught in Israel-Hamas Conflict as Donations Spark Controversy
McDonald’s franchisees in the Middle East have become entangled in the Israel-Hamas conflict. McDonald’s Israel has pledged to provide free meals......
LVMH Reports Slowed Growth in Third Quarter Amidst Shifting Luxury Consumer Trends
Luxury conglomerate LVMH, though still boasting impressive organic growth for the year, faced a notable slowdown in the third quarter, with......