Tag: Retail industry
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Albertsons stock plunges as it says weaker grocery spending will cut into sales and earnings
Shares of Albertsons sank Thursday after the grocer reported softness in its core business and lowered its full-year outlook as a result.
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Russia’s Amazon-style retail giant Wildberries is now in Ukraine’s crosshairs. Here’s why
Ukraine has ratcheted up its attacks on Russia’s Amazon-style retail giant Wildberries, signaling a new phase in the war.
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Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.
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RFK Jr. says cyclospora outbreak is ‘under control’
Health and Human Services Secretary Robert F. Kennedy Jr. on Tuesday said that the ongoing outbreak of cyclosporiasis is “under control” despite criticism.
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Metro to close Paragon, Causeway Point department stores when leases end in retail overhaul
Metro says it intends to progressively move away from the traditional large department store format following a “strategic review” of its retail operations.
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The FDA made a big reversal in its cyclosporiasis probe, but it still thinks iceberg lettuce is to blame
The FDA’s investigation into the source of the cyclosporiasis outbreak is causing confusion as companies and consumers alike navigate new updates.
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The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season.
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Fanatics CEO Michael Rubin on two sports businesses his multi-billion-dollar conglomerate won’t enter
Fanatics has become one of the most influential companies in sports, building out a massive merchandise, collectibles and sports gambling platform.
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Korean beauty products are becoming mainstream in the U.S. Why there may be even more growth ahead
Morgan Stanley forecasts that K-beauty sales in the U.S. can reach approximately $4 billion in 2026.
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The cyclosporiasis outbreak linked to Taco Bell is hitting some restaurant stocks, but don’t expect a long-term impact
Taco Bell, which the CDC linked to the cyclosporiasis outbreak, will likely recover soon from the health safety scare, according to analysts.
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