Retail industry

Best Buy, Ikea test new kitchen concept in U.S. stores
Business

Best Buy, Ikea test new kitchen concept in U.S. stores

The logo of Best Buy and Ikea on shopping carts. Getty Images Best Buy said Thursday it will test mini-showrooms in some of its stores featuring Ikea products to show off kitchen design elements from the home retailer beside home appliances from the electronics store. Beginning this fall, the program will debut in 10 Best […]

Read More
Shares of world’s largest brewer AB InBev tumble 9% on declining volumes
World

Shares of world’s largest brewer AB InBev tumble 9% on declining volumes

Budweiser beer cans displayed for sale in a supermarket. Sopa Images | Lightrocket | Getty Images Shares of AB InBev plunged as much as 11% Thursday after the world’s largest brewer posted a worse-than-feared decline in second-quarter volumes, even as revenues and profits surged ahead. The Budweiser maker said volumes declined 1.9% year-on-year over the […]

Read More
DOJ drops charges against Fat Brands, chair Andy Wiederhorn
Business

DOJ drops charges against Fat Brands, chair Andy Wiederhorn

Andy Wiederhorn, former Fatburger CEO. CNBC The Justice Department is dropping its case against Fat Brands and its chair Andy Wiederhorn. In May 2024, the company and Wiederhorn were indicted by a federal grand jury in Los Angeles on charges of wire fraud, tax evasion and other counts related to what prosecutors alleged was a […]

Read More
Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter
Business

Wall Street sees Starbucks comeback taking hold, even after another lackluster quarter

Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty Images Wall Street is seeing early signs that Starbucks‘ turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking same-store sales. “The focus for Starbucks’ third fiscal quarter was […]

Read More
Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices
World

Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its […]

Read More
Starbucks is about to report earnings. Here’s what to expect
Business

Starbucks is about to report earnings. Here’s what to expect

Consumers walk in front of a Starbucks coffee shop in Galeria Krakowska shopping mall in central Krakow, Poland, on July 11, 2025. Dominika Zarzycka | Nurphoto | Getty Images Starbucks is expected to report its fiscal third-quarter earnings after the bell on Tuesday. Here’s what Wall Street analysts surveyed by LSEG are expecting the company […]

Read More
Nike loses head of North America women’s business to Athleta
Business

Nike loses head of North America women’s business to Athleta

A Nike and Athleta store. Kylie Cooper | Reuters | Michael Brochstein | SOPA Images | LightRocket | Getty Images Gap’s Athleta has tapped the head of Nike’s women’s business in North America as its next CEO, delivering a blow to the sneaker company as it tries to win back more female shoppers.  Maggie Gauger, […]

Read More
Walmart, MLS ink partnership to capitalize on growing U.S. soccer fandom
Business

Walmart, MLS ink partnership to capitalize on growing U.S. soccer fandom

Walmart and Major League Soccer are teaming up in a multiyear partnership that will see the retailer establish a bigger foothold in the sport and its growing U.S. fanbase. Walmart will invest in MLS and become an official sponsor and partner of the league. Terms and the exact length of the partnership weren’t disclosed. The […]

Read More
Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikar
World

Procter & Gamble replaces CEO Moeller with COO and long-time executive Jejurikar

Jon R. Moeller Source: Procter & Gamble Procter & Gamble CEO Jon Moeller is stepping away from the top job after four years in the role, and the consumer goods giant said he would be succeeded by Chief Operating Officer Shailesh Jejurikar. Moeller will become executive chairman and “provide advice and counsel to the CEO […]

Read More
Trade court won’t reinstate tariff exemption on low-value ‘de minimis’ shipments, for now
Politics

Trade court won’t reinstate tariff exemption on low-value ‘de minimis’ shipments, for now

U.S. President Donald Trump and British Prime Minister Keir Starmer (not pictured) hold a bilateral meeting at Trump Turnberry golf course in Turnberry, Scotland, Britain, July 28, 2025. Evelyn Hockstein | Reuters A federal trade court on Monday declined, for now, to block President Donald Trump’s decision to end a longstanding tariff exemption for low-value […]

Read More