Retail industry
PepsiCo earnings beat estimates despite higher costs, company raises revenue forecast
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Tuesday reported quarterly earnings and revenue that topped analyst expectations as consumers paid more for their Doritos, Quaker oatmeal and Gatorade. On the heels of its strong performance, the company raised its full-year forecast for […]
Read More
Chinese start-up Nreal is launching its augmented reality glasses in the UK this spring
Attendees look at NReal’s augmented reality glasses, on the last day of CES 2019 in Las Vegas, Nevada. Robyn Beck | AFP | Getty Images Nreal, a Chinese augmented reality start-up, is planning to bring its smart glasses to the U.K. The Beijing-based company said Tuesday it will launch its Nreal Air AR glasses in […]
Read More
Facebook is opening its first showroom to sell VR headsets
Meta, formerly known as Facebook, is opening its first retail location in an effort to sell people its Oculus virtual reality headsets and its idea of the “metaverse,” the company announced Monday. But it’s not a huge step into retail. Unlike Apple and other tech companies that have stores in heavy foot-traffic areas like shopping […]
Read More
Deutsche Bank downgrades Kellogg, citing worker strike and worsening inflation
Kellogg is facing potentially weaker demand and rising costs, according to Deutsche Bank. Source
Read More
Coca-Cola earnings beat Wall Street estimates as revenue jumps 16%
A person wearing a mask pushes a dolly cart past a Coca-Cola truck as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 16, 2020 in New York City. Alexi Rosenfeld | Getty Images Coca-Cola on Monday reported quarterly earnings that topped analysts’ expectations as consumers […]
Read More
Top Wall Street analysts like these stocks for long-term upside
Earnings season is yet again upon us, with prominent names reporting this week. Volatility remains a focus for investors, and inflation has been continuing to compound pressure across all industries. The near-term uncertainty remains blurred, although long-term investing can often cut through the daily noise. Let’s take a look at five stocks that analysts see […]
Read More
Pickleball, a paddle sport with a whimsical name, is becoming big business
Two men play pickleball. Seth McConnell | Denver Post | Getty Images About eight years ago, when brothers Rob Barnes, then 19, and Mike Barnes, then 21, founded a pickleball paddle-maker, they encountered a lot of skeptical glances. “We mentioned the word ‘pickleball’ — people would say, ‘What is that?’ No one knew about the […]
Read More
Russia was Pepsi’s second-largest international market. What happens next now that it’s pulled out?
Following Moscow’s invasion of Ukraine, multinational companies have withdrawn from Russia in staggering numbers. As of April 22, more than 700 U.S. companies have scaled back, suspended or exited their Russian businesses, including Starbucks, McDonald’s and Pepsi, according to the Yale School of Management. Russia is Pepsi’s second-largest international market, after Mexico. The company generated […]
Read More
Major retailers boost Black female entrepreneurship as employment gap lingers
Ulta Beauty has doubled the number of Black-owned brands that it carries. Ulta Beauty Major beauty retailers are boosting small, minority-owned businesses as Black female entrepreneurship helps bridge an employment gap. As of last year, 17% of Black women in the U.S. were in the process of starting or running new businesses, according to the […]
Read More
American Eagle is pitching a ‘frenemey network’ of vertical logistics to its retail peers — and it’s paying off
Shekar Natarajan is chief supply chain officer of American Eagle Outfitters. He joined the retailer in 2018. Source: Julie Stapen Photography American Eagle wants to be more like Amazon. Not to get in the business of selling everything from shoes to pet food to toilet paper. But to master a business function that became critical […]
Read More