Retail industry
Chipotle Mexican Grill tests spicy chicken al pastor in two markets
Chipotle Mexican Grill is testing Chicken Al Pastor Source: Chipotle Mexican Grill Chipotle Mexican Grill is cranking up the heat on its grilled chicken. The restaurant chain said Tuesday it’s testing a new chicken al pastor menu item in 94 restaurants across the Denver and Indianapolis regions. The al pastor option is spicier than Chipotle’s […]
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Best Buy’s quarterly sales drop, as inflation-weary consumers pull back on spending
Televisions are seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy on Tuesday said sales dropped by about 13% in the second fiscal quarter, as the retailer felt a pullback from inflation-weary shoppers. The retailer reaffirmed its full-year guidance, saying it expects softer demand for consumer […]
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Jim Cramer explains why the CNBC Investing Club is putting cash to work during Monday’s market declines — and discloses the one stock he’s looking to sell. Source
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Panera Bread tests artificial intelligence technology in drive-thru lanes
A Panera Bread location in Spring Hill, Florida. Jeff Greenberg | Universal Images Group | Getty Images Starting Monday, drive-thru customers at two Panera Bread locations in upstate New York will have their orders taken by a computer in a test of artificial intelligence technology’s accuracy and ability to decrease service times. The sandwich chain […]
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Where Amazon is heading in health after the Amazon Care failure
In this photo illustration, the Amazon Basic Care logo is displayed on a smartphone with an Amazon logo in the background. Thiago Prudêncio | SOPA Images | Lightrocket | Getty Images Chalk up another failure in health care for Amazon, one of the ultimate market disruptors. First, its much-hyped effort with JPMorgan and Berkshire Hathaway […]
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Pet ‘moms and dads’ are spending more on their furry family, setting these stocks up for growth
The “pandemic pups” you pass on a stroll around the neighborhood have been a huge windfall for the pet industry. But unlike other booms, the inevitable pullback in demand could be eased by two factors unique to this situation. The first is that pets will continue to require food and care, driving future spending. Second, […]
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Breakfast sales hold steady as people heading back to offices cut back elsewhere
Consumers may be dining out less, but breakfast sales are holding steady as people return to offices and grab a quick bite or iced coffee on the way to work. Overall traffic to restaurants fell 2% in the second quarter from a year ago as inflation drove menu prices up, according to market research firm […]
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Guggenheim says buy Dollar General, a strategic dollar store play in the near term
Guggenheim said investors looking to play the dollar store stocks should consider putting their money in Dollar General — at least in the near term. “Bottom line, we believe DG’s above-average top- and bottom-line momentum should drive outperformance at least through year-end while DLTR’s superior risk/reward profile should serve investors well beginning in early 2023,” […]
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Chipotle restaurant in Michigan votes to unionize, in a first for the chain
A Chipotle Mexican Grill sign is seen in the Park Slope neighborhood in the Brooklyn borough of New York City. Michael M. Santiago | Getty Images A Chipotle Mexican Grill restaurant in Lansing, Michigan, became the chain’s first location to vote to unionize. Workers at the store voted 11 to three in favor of unionizing […]
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Gap withdraws 2022 financial outlook as Old Navy sales fall in second quarter
An employee hands a customer a shopping bag at an Old Navy store in San Francisco. David Paul Morris | Bloomberg | Getty Images Gap Inc. on Thursday withdrew its financial outlook for the year after it swung to a net loss in the fiscal second quarter and its Old Navy chain continued to struggle […]
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