Jason Kempin | Getty Images Entertainment | Getty Images High-end furniture chain RH on Wednesday slashed its outlook for 2022 revenue, anticipating consumer demand for its products will continue to s...
Tag: Retail industry
Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes u...
Unilever reaches deal to keep selling Ben & Jerry’s ice cream in Israel
Consumer products giant Unilever said it reached a deal that will let its Ben & Jerry’s ice cream continue selling in Israel. The company said Wednesday that it sold the Israeli branch of th...
Bed Bath & Beyond (BBBY) Q1 2022 earnings
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond is replacing CEO Mark Tritton in a leadership shakeup after the ret...
CVS to remove purchase limit on Plan B pills, says sales have ‘returned to normal’
Plan B One-step birth control in CVS Pharmacy, Boston, MA. Ucg | Universal Images Group | Getty Images CVS is removing the purchase limit it had put on emergency contraceptive pills following last wee...
Juul seeks to extend stay on FDA ban, citing inadequate evaluation
A sign advertising Juul brand vaping products is seen outside a shop in New York City, February 6, 2019. Mike Segar | Reuters Juul Labs is seeking to extend a temporary stay on the Food and Drug Admin...
Target will cover employees’ travel to other states for abortions
A person walks into a Target store in Washington, DC, on May 18, 2022. Stefani Reynolds | AFP | Getty Images Target will cover employees’ travel if they live in a state where abortion is banned,...
3 trends to watch as retailers prep for back-to-school, holiday shopping
Pedestrians view the holiday windows at a store in New York, on Thursday, Dec. 2, 2021. Christopher Occhicone | Bloomberg | Getty Images Summer vacation season is just getting started, but retailers a...
Nike (NKE) earnings Q4 2022 earnings
Nike Air Jordan shoes are seen in the store in Krakow, Poland on August 26, 2021. Jakub Porzycki | Nurphoto | Getty Images Nike on Monday said demand for sneakers and sportswear largely held up in the...
CVS capping purchases of Plan B pills to ensure consistent supply
Protesters outside the Supreme Court following the overturning of Roe v. Wade. Brandon Bell | Getty Images News | Getty Images CVS is limiting the number of the emergency contraceptives commonly known...
Companies forced to weigh in on privacy, health care
Pro-choice activists are seen outside of the US Supreme Court in Washington, DC on June 15, 2022. Mandel Ngan | AFP | Getty Images The challenges posed by the end of Roe v. Wade are only just beginnin...
McDonald’s simplifies franchising policies to attract more diverse candidates
The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s is making changes to how it awards franchises in the hopes of ...
Chipotle restaurant in Maine becomes chain’s first to file for union election
A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images A Chipotle Mexican Grill location i...
Olive Garden parent Darden Restaurants’ (DRI) Q4 2022 earnings
An Olive Garden restaurant in Silverdale. Darden Restaurants, Inc. which owns Olive Garden and other restaurant chains is scheduled to report its fourth-quarter 2022 earnings on June 23. Toby Scott | ...
Why the retail industry is facing a bankruptcy wave
Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies follow...
Here’s what China’s Alibaba and Kuaishou say about the economy
Across five major e-commerce platforms’ GMV, Alibaba’s market share fell by 6% in the first quarter versus the fourth, according to Bernstein analysis. Str | Afp | Getty Images BEIJING — A...
Franchise Group considers lowering Kohl’s bid closer to $50 a share from $60
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Kohl’s announced that it has entered into exclusive negotiations with Franchise Group, which is proposi...
Fanatics CEO Michael Rubin selling ownership stake in 76ers, NJ Devils
Michael Rubin attends Fanatics Super Bowl Party on February 12, 2022 in Culver City, California. Shareif Ziyadat | Filmmagic | Getty Images Billionaire Fanatics CEO Michael Rubin announced Wednesday t...
Online lottery ticket firm Jackpot gets funding from top sports execs
Online lottery ticket company Jackpot announced Wednesday that it closed on $35 million in series A funding, led by some of the biggest names in sports who see the promising growth potential in digita...
Inflation and recession fears are squeezing some industries more than others
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP...
Starbucks’ North American head to leave the company as chain shakes up leadership
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks’ North Americ...
Chipotle tests cauliflower rice at select stores in Arizona, California and Wisconsin
Employees prepare orders for customers at a Chipotle Mexican Grill restaurant in Hollywood, California. Patrick T. Fallon | Bloomberg | Getty Images Chipotle is giving cauliflower rice another try aft...
Revlon files for Chapter 11 bankruptcy protection
Cosmetics giant Revlon filed for Chapter 11 bankruptcy protection on Wednesday evening as it grappled with a cumbersome debt load and a snarled supply chain. The company said it expects to receive $57...
These could be the next hot food and drink trends
Pasta is coming back in different shapes and flavors, drinking vinegar is cool, and comfort food favorites like pancakes are being made with new ingredients. That’s according to the hundreds of ...
Unexpected 0.3% decline, hammered by inflation
Retail sales turned negative in May as consumers pulled back spending while inflation surged, the Commerce Department reported Wednesday. Advance retail and food service spending fell 0.3% for the mon...
Stew Leonard’s boss accused of racist, sexist, anti-Semitic remarks
Customers push shopping carts outside a Stew Leonard’s supermarket in Paramus, New Jersey, U.S., on Tuesday, May 12, 2020. Stew Leonard Jr. said that meat packing plant the company uses is opera...