PepsiCo’s Rockstar Unplugged, infused with hemp seed Source: Pepsico PepsiCo’s latest drink from Rockstar Energy wants to help consumers chill out. Infused with hemp seed oil, spearmint, l...
Tag: Retail industry
Bud Light Seltzer’s Super Bowl ad spotlights new line, stars Guy Fieri
Guy Fieri in Bud Light Seltzer Hard Soda’s Super Bowl commercial Source: Bud Light Bud Light Seltzer is hoping that a Super Bowl ad starring celebrity chef Guy Fieri will help jump-start sales i...
Restaurant recovery is being slowed by labor, supply costs
Robert Freeman is hopeful Congress will replenish the Restaurant Revitalization Fund as his restaurant continues to struggle in the pandemic. Kate Rogers | CNBC Rising labor and food costs are chippin...
Starbucks (SBUX) Q1 2022 earnings miss
The Starbucks logo is displayed on a cup at a Starbucks store on October 29, 2021 in Marin City, California. Justin Sullivan | Getty Images Starbucks on Tuesday reported quarterly earnings that missed...
Peloton internal docs show it slashed 2022 sales goals for apparel unit
Peloton briefly advertised its private-label apparel line outside of a storefront in the SoHo neighborhood of New York City. Source: Kevin Stankiewicz, CNBC Peloton has slashed 2022 sales projections ...
Some ticket prices are up as much as 100%
Going out is not only less common these days, it’s also a lot more expensive. In general, the prices that consumers pay for goods and services recently notched their largest year-over-year jump ...
What really happens to them?
Sending back an online order has never been easier. It’s often free for the customer, with some retailers even allowing customers to keep the item while offering a full refund. Amazon returns ca...
Home Depot names company veteran Ted Decker as CEO
A Home Depot store is seen in Washington, DC, on August 18, 2020. NICHOLAS KAMM | AFP | Getty Images Home Depot said Thursday that Chief Operating Officer Ted Decker will step into the role of CEO, ef...
McDonald’s (MCD) Q4 2021 earnings miss estimates
Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, U.S., on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s on Thursday reported qu...
Nestle’s CEO says tackling child labor in cocoa needs new approach
Farmer Oluranti Adeboye, 62, harvests cocoa at Sofolu village in Ogun State, southwestern Nigeria, on June 5, 2018. Pius Utomi Ekpei | AFP | Getty Images The cocoa industry faces urgent challenges. It...
Lowe’s will open mini Petco shops inside some stores
Lowe’s is opening Petco shops inside of some of its stores as part of a pilot program. It plans to open the first one in Texas in February. Source: Petco Lowe’s will soon test a new offeri...
New York Rangers star Henrik Lundqvist reflects on career ahead of jersey retirement
J.T. Brown #23 of the Tampa Bay Lightning skates into goalie Henrik Lundqvist #30 of the New York Rangers during the second period in Game Six of the Eastern Conference Final during the 2015 NHL Stanl...
Walmart-backed start-up is acquiring two fintech companies, Even and ONE
Black Friday shoppers walk out of Walmart with a full shopping cart on November 26, 2021 in Westminster, Colorado. Michael Ciaglo | Getty Images A financial technology start-up that Walmart created an...
McDonald’s McPlant burger made with Beyond Meat sold better than expected
McDonald’s McPlant Burger Courtesy: McDonald’s McDonald’s McPlant burger is more popular than initially expected, according to Piper Sandler analyst Michael Lavery. In December, part...
Mattel shares jump after toymaker wins license to make Disney toys
Disney character doll sisters, Elsa and Anna of Arendelle, from the Disney movie Frozen. Catherine Lane | Getty Images Mattel shares jumped Wednesday after the toy manufacturer said it won the license...
Walmart makes an investment in vertical farming start-up Plenty
Plenty uses vertical farming to grow a high volume of leafy greens year-round. It plans to use the technology to grow other crops, including strawberries and tomatoes. Photo: Spencer Lowell for Plenty...
Real estate billionaire Sam Zell says office space will recover ‘much faster’ than retail
Demand for office space is likely to rebound from depressed Covid pandemic levels long before retail properties, property billionaire Sam Zell told CNBC on Tuesday. “Everything between the top m...
Retailers’ average return rate jumps to 16.6% as online sales grow
Miami, Doral, IKEA exchange and returns elevators. Jeff Greenberg | Universal Images Group | Getty Images As shoppers buy more online during the pandemic, they are also returning a larger portion of c...
Macellum asks for Kohl’s board seat and for Kohl’s to explore a sale
Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Activist hedge fund Macellum Advisors has been asking Kohl’s to consider selling itself and now i...
Coca-Cola and Molson Coors to make spiked lemonade under Simply brand
Simply Spiked Lemonade Courtesy: Molson Coors Coca-Cola and Molson Coors Beverage are teaming up again, this time for a new line of alcoholic drinks under the Simply brand. The two companies announced...
National Restaurant Association asks Congress for aid amid omicron
People dine at an outdoor dining patio set up at a restaurant on March 18, 2021 in New York City. Angela Weiss | AFP | Getty Images The National Restaurant Association is asking Congress to replenish ...
Kohl’s shares surge as takeover offers emerge, suitors include Sycamore
People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images Kohl’s shares soare...
Activist investor Blackwells to call on Peloton to fire CEO, explore sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images An activist is pushing Peloton to fire its chief executive officer and consider a sale as it...
Peloton’s brand gets slammed again after an unfavorable portrayal in ‘Billions’
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images War...
Lab-grown meat start-ups hope to make strides in 2022
Josh Tetrick, co-founder and CEO of cultivated meat start-up Eat Just, has a vision: He imagines a day when meat grown in a lab is available everywhere from Michelin-star restaurants to street vendors...
Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs
A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in trading Friday after the company said it’s resetting its production levels and considering layoffs in order to ma...