Tag: Retail industry
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 [...]
McDonald’s temporarily closes Russia restaurants amid Ukraine war
McDonald's, citing "the needless human suffering unfolding in Ukraine," announced Tuesday it will temporarily close 850 locations in Russia. The decis [...]
Dick’s Sporting Goods (DKS) reports Q4 2021 earnings beat
Signage outside a Dick's Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020.Luke Sharrett | Bloomberg | Getty ImagesDick's Spo [...]
Sustainability alone is not enough for consumers to change habits, Garnier exec says
Lechatnoir | E+ | Getty ImagesSustainability alone will not be enough for consumers to change their shopping habits and products must "deliver for the [...]
Kohl’s (KSS) issues long-term financial targets at investor day 2022
The Kohl's logo is displayed on the exterior of a Kohl's store on January 24, 2022 in San Rafael, California.Justin Sullivan | Getty ImagesKohl's, fac [...]
Michael Kors-parent Capri Holdings ditches CEO succession plan; shares fall
Joshua Schulman is seen at Michael Kors intimate Cocktail Party in Celebration of his 40th Anniversary on September 23, 2021 in Milan, Italy.Victor Bo [...]