Tag: Retail industry
Starbucks CEO Kevin Johnson is retiring, Howard Schultz returns as interim chief
Starbucks CEO Kevin Johnson is retiring after five years on the job.Howard Schultz will return as interim CEO, once again taking the helm of the coffe [...]
Retail sales February 2022 come up short as inflation puts dent in consumer spending
Consumers continued to spend in February through at a slower pace than expected, according to a Commerce Department report Wednesday.Advance retail sa [...]
Jones Soda unveils cannabis-infused sodas under new brand
Jones Soda's cannabis offshoot, Mary JonesSource: Jones SodaMeet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, g [...]
Ulta Beauty sees brand partnerships boosting makeup sales after Covid slump
Inside an Ulta store location in New York.Scott Mlyn | CNBCUlta Beauty is banking on new brand partnerships to boost lagging makeup sales.For the full [...]
CVS CEO Karen Lynch fires executives after internal sexual harassment probe
People walk by a CVS Pharmacy store in the Manhattan borough of New York City.Shannon Stapleton | ReutersCVS Health Chief Executive Officer Karen Lync [...]
Peloton tests new pricing model as it tries to win customers
Peloton's new chief executive, Barry McCarthy, has only been at the helm of the connected fitness company for about a month. But he's already testing [...]
Adidas doesn’t know when it will resume Russian operations, CEO says
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it's too soon to know when the company will restart business operations in Russia."I think this [...]
Impossible Foods sues start-up Motif FoodWorks for patent infringement
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson's Markets [...]
Three more Starbucks locations in Buffalo vote in favor of union
Three more Starbucks locations in the Buffalo, New York, area have voted in support of unionizing, dealing yet another blow to the coffee giant as mor [...]
Judge orders Walmart to rehire worker with Down syndrome
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales su [...]
McDonald’s Russian shutdown will cost fast-food chain $50 million a month
A McDonald's restaurant in St. Petersburg, Russia.Peter Kovalev | TASS | Getty ImagesMcDonald's expects that its Russian shutdown will cost the fast-f [...]
Lululemon footwear marks new product to take on Nike, Adidas
Lululemon CEO Calvin McDonald said that launching into shoes was the next natural step for the leggings maker.Source: LululemonLululemon is venturing [...]
Coca-Cola, McDonald’s, Pepsi and Starbucks suspend business in Russia
PepsiCo, Coca-Cola, McDonald's and Starbucks each said Tuesday they are suspending business in Russia after that country's invasion of Ukraine, a symb [...]
Stitch Fix shares plummet after company cuts guidance for the year
The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 20 [...]
Starbucks suspends all business in Russia as Putin’s forces attack Ukraine
A woman drinks coffee in a Starbucks in a mall in Khimki outside Moscow.Alexander Natruskin | RussiaStarbucks is suspending all business activity in R [...]