Retail industry
Saks Global announces new CEO as it reportedly prepares for bankruptcy
A pedestrian passes in front of the Saks Fifth Avenue Inc. women’s store at Brookfield Place in New York, U.S. Allison Joyce | Bloomberg | Getty Images Saks Global named a new CEO on Friday as the retailer is reportedly on the cusp of filing for bankruptcy protection. The parent of high-end department store chain Saks Fifth Avenue, […]
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2026 will bring more GLP-1 weight loss pills — and new habits. These stocks are poised to benefit
The ripple is about to become a wave. Right now, there are numerous barriers for people who are considering treating their obesity with GLP-1 drugs. Early on, there were manufacturing bottlenecks that resulted in short supplies of Novo Nordisk ‘s Wegovy and Eli Lilly ‘s Zepbound. There were insurance coverage issues for these pricey treatments, […]
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Italy says U.S. sharply reduced proposed pasta tariffs after a review
Packages of pasta imported from Italy are seen in a supermarket in Houston, Texas, on Nov. 12, 2025. Ronaldo Schemidt | AFP | Getty Images Italy’s foreign ministry said on Thursday the United States had sharply lowered proposed duties on several Italian pasta makers following a reassessment of their U.S. activities. In October, the United […]
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These restaurant chains closed locations in 2025
As the restaurant industry endured another difficult year, many chains opted to close underperforming locations as they try to turn around their businesses. Inflation-weary consumers have pulled back their restaurant spending, choosing to eat at home or chasing deals when they go out for a meal. While some restaurants have won over reluctant diners, the […]
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Payment giants are preparing for a world where AI agents book flights and shop for you
Major payment and tech companies are racing to build the infrastructure for what they see as the next evolution of global commerce: artificial intelligence agents that can perform searches, compare prices, and make purchases on behalf of consumers. The trend is referred to as “agentic commerce,” and reflects consumers’ growing reliance on chatbots for everyday […]
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Amazon halts plans for drone delivery in Italy
Amazon’s new MK30 Prime Air drone is displayed during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on Oct. 18, 2023. Jason Redmond | AFP | Getty Images Amazon said on Sunday it has decided not to pursue plans to deliver goods by drone […]
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Restaurants’ hottest menu item in 2025 was ‘value.’ That won’t change next year
McDonald’s restaurant in San Diego, California, U.S., Oct. 31, 2025. Mike Blake | Reuters “Value” was the buzzword du jour for restaurant executives that lasted all year — and it will likely stick around in 2026, too. Over the last year and a half, diners, particularly those who make less than $40,000 a year, have […]
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Coupang founder Kim Bom apologises for data leak, pledges compensation
Bom Kim, founder and chief executive officer of Coupang, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Online retailer Coupang’s founder Kim Bom apologised for the first time for a recent leak of customer data and pledged to unveil […]
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India’s Zepto files for IPO as quick-commerce race heats up
Zepto logo is seen on smartphone placed on keyboard in this illustration taken on May 2, 2022. Dado Ruvic | Reuters Indian quick-commerce firm Zepto has confidentially filed for an initial public offering, a regulatory filing showed on Saturday, positioning itself among India’s most anticipated listings next year. Quick-commerce firms in India are locked in […]
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Tariffs hit boots, bags and more as leather prices jump — and relief could be years away
Different types of leather are seen at the Rio of Mercedes cowboy boot factory, on July 31, 2025, in Mercedes, Texas. Ronaldo Schemidt | AFP | Getty Images Bootmaker Twisted X — known for its Western footwear — was thrown into chaos overnight when President Donald Trump imposed sweeping tariffs on imports in April. The […]
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