Tag: Retail industry
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David Ellison names Ynon Kreiz co-CEO of Paramount and Warner Bros. Discovery
Paramount CEO David Ellison announced outgoing Mattel chief Ynon Kreiz will serve as the co-CEO of the anticipated combination of Paramount and WBD.
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Mattel names Roger Lynch as CEO, replacing Ynon Kreiz
Mattel announced on Wednesday that Roger Lynch would serve as CEO and Chairman, replacing Ynon Kreiz.
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Holiday retail sales are expected to top $1 trillion as inflation boosts growth
Holiday retail sales are expected to grow this holiday season and top $1 trillion for the first time, though that growth is boosted by inflation.
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El Pollo Loco to open first New York restaurant as it aims to become national chicken chain
El Pollo Loco will open its first New York City restaurant next year in Queens as it aims to become a national chicken chain.
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‘Funflation’ is on the rise as hobbies get pricier, but consumers keep spending anyway
Consumers are spending more on hobbies like arts and crafts and outdoor sports, as it gets more expensive to travel due to increased airfare.
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Meta gets to consumer AI device market before OpenAI, but Zuckerberg’s strategy remains unproven
Meta CEO Mark Zuckerberg’s new Muse Charm device is intended to put his company ahead of rivals like OpenAI and Google in AI agents and consumer hardware.
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KFC debuts Open House restaurant in Texas to test new customer experiences
KFC is opening a new restaurant concept in Texas where it will offer an expanded menu, including breakfast items, and table service.
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Cat owners are spending more and boosting pet retailers
Spending on cats remains strong despite softening dog sector and tightening consumer discretionary spending.
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Darden Restaurants stock falls as Olive Garden reports slower growth
Olive Garden’s same-store sales growth has slowed in recent quarters.
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Lowe’s is launching a drone delivery service in partnership with DoorDash, Alphabet
Lowe’s is launching a drone delivery service in a partnership with DoorDash and Alphabet’s Wing, CNBC has learned exclusively.
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