Retail industry
Amazon extends Prime Day to four days, starting July 8
An Amazon worker moves boxes on Amazon Prime Day in the East Village of New York City, July 11, 2023. Spencer Platt | Getty Images Amazon is extending its Prime Day discount bonanza, announcing that the annual sale will run four days this year. The 96-hour event will start at 12:01 a.m. PT on July […]
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Shares of Gucci-owner Kering pop 7% on reports Renault’s de Meo to be next CEO
A Gucci store, operated by Kering SA, in the Sanlitun area of Beijing, China, on Saturday, Oct. 12, 2024. Bloomberg | Bloomberg | Getty Images Shares of French fashion house Kering popped 7% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the owner of […]
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Estee Lauder Chairman Emeritus Leonard Lauder dies at 92
Judy Lauder and Leonard Lauder arrive for the Elton John AIDS Foundation’s Gala in New York City on Nov. 5, 2018. Caitlin Ochs | Reuters Estee Lauder said on Sunday that its chairman emeritus, Leonard Lauder, died on Saturday at the age of 92. Lauder joined the company in 1958 and played a key role […]
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Starbucks moves to the next phase in its turnaround: Winning over employees
Customers order at a Starbucks in Manhattan Beach, California, on July 19, 2024. Jakub Porzycki | Nurphoto | Getty Images As Starbucks aims to bring back customers and assuage investors with its turnaround strategy, it is also winning over its store managers with promises to add more seating inside cafes and promote internally. Since CEO […]
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WNBA renews media rights deal with Scripps
Caitlin Clark #22 of the Indiana Fever brings the ball up court during the first half of a WNBA game against the Chicago Sky on August 30, 2024 at Wintrust Arena in Chicago, Illinois. Melissa Tamez | Icon Sportswire | Getty Images The WNBA and E.W. Scripps announced on Friday a new, multi-year media rights […]
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Shares of scandal-plagued Brazilian meat giant JBS open at $13.65 in U.S. public debut
The JBS Greeley meatpacking facility in Greeley, Colorado, US, on Friday, Feb. 28, 2025. Chet Strange | Bloomberg | Getty Images Shares of Brazilian meat giant JBS made their U.S. public market debut on Friday, opening at $13.65 a share. The opening trade values the company at roughly $30 billion, outstripping rival Tyson Foods’ market […]
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Prices for common baby items are rising due to Trump’s tariffs, congressional analysis says
Baby car seat carriers for sale at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Bloomberg | Bloomberg | Getty Images The cost of some baby gear has risen in recent weeks due to President Donald Trump’s tariff policies, according to a new congressional report. The cost of five common […]
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Most retail executives expect Trump to walk back ‘reciprocal’ tariffs, survey finds
A container truck and shipping containers are shown at the Port of Los Angeles, in San Pedro California, U.S., May 13, 2025. Mike Blake | Reuters Even retail executives are bullish on the “TACO trade.” Following weeks of shifting trade policy, early deals and winding court challenges, some retail executives are starting to feel more […]
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Howard Schultz says he ‘did a cartwheel’ when Starbucks CEO Niccol coined ‘back to Starbucks’ strategy
Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | Reuters LAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said […]
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Zara owner Inditex flags slowing summer sales as quarterly revenues miss expectations
The Zara lettering can be seen on the façade above the entrance to a branch of the fashion brand in the city center of Nuremberg (Bavaria) on March 6, 2025. Picture Alliance | Getty Images Shares of Zara owner Inditex fell more than 6% on Wednesday after it posted weaker-than-expected quarterly sales and flagged a slower […]
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