Retail industry

Consumers are tired of inflation. But some retailers fear falling prices
World

Consumers are tired of inflation. But some retailers fear falling prices

A man with a paper bag of groceries looks surprised and upset at a receipt from a supermarket with high prices against the background of an escalator with customers in the shopping center.  Elena Perova | Istock | Getty Images Just ahead of the holiday season, Walmart had encouraging news for inflation-weary shoppers: Prices on […]

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VinFast decline widens in fourth quarter, self-assured of accomplishing 2024 income ambitions
World

VinFast decline widens in fourth quarter, self-assured of accomplishing 2024 income ambitions

Vietnamese electrical vehicle, or EV, maker VinFast on Thursday said its fourth-quarter internet reduction deepened 3.4% from the past a few months but it aims to nearly triple automobile product sales this yr as it expands into new markets. Nhac Nguyen | Afp | Getty Illustrations or photos Vietnamese electrical car or truck, or EV, […]

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Beyond Meat launches new, healthier version of burger in bid to bring back customers
Business

Beyond Meat launches new, healthier version of burger in bid to bring back customers

The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodium Source: Beyond Meat Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The unveiling Wednesday comes at a pivotal time […]

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Activist Arkhouse launches proxy fight at Macy's, nominates nine directors
Business

Activist Arkhouse launches proxy fight at Macy's, nominates nine directors

Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images Investment firm Arkhouse Management has launched a proxy fight at Macy’s, nominating a slate of nine directors for election to the department store’s board. Macy’s on Tuesday confirmed that it had received […]

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Walmart to buy TV maker Vizio for .3 billion in move to grow its ad business
Business

Walmart to buy TV maker Vizio for $2.3 billion in move to grow its ad business

Vizio televisions are displayed at a store in San Rafael, California, on Feb. 13, 2024. Justin Sullivan | Getty Images Walmart has agreed to buy TV maker Vizio, the companies announced Tuesday, as the largest U.S. retailer grows its high-profit ad business. Walmart will acquire Vizio for $2.3 billion, or $11.50 per share, in cash. […]

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Home Depot is about to report earnings. Here's what to expect
Business

Home Depot is about to report earnings. Here's what to expect

The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico January 15, 2020.  Luis Cortes | Reuters Home Depot will report its fiscal fourth-quarter earnings on Tuesday, as investors look for signs that demand for kitchen appliances and supplies for home improvement projects may be rebounding as inflation cools. Here’s […]

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Walmart will report earnings before the bell. Here's what to expect
Business

Walmart will report earnings before the bell. Here's what to expect

A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023. Dustin Chambers | Bloomberg | Getty Images Walmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the U.S. economy. Here’s what Wall Street analysts expect, according to […]

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Companies — profitable or not — make 2024 the year of cost cuts
Business

Companies — profitable or not — make 2024 the year of cost cuts

Mathisworks | Digitalvision Vectors | Getty Images Corporate America has a message for Wall Street: It’s serious about cutting costs this year. From toy and cosmetics makers to office software sellers, executives across sectors have announced layoffs and other plans to slash expenses — even at some companies that are turning a profit. Barbie maker […]

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Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
Business

Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm

A young man holds a credit card and uses a laptop for online shopping. Diy13 | Istock | Getty Images Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to Affirm Chief Financial Officer Michael Linford. The fintech firm uses the hour a consumer attempts […]

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Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring
Business

Nike to lay off 2% of employees, cutting more than 1,500 jobs during broad restructuring

A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. The Beaverton, Oregon-based sneaker giant said it […]

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