Retail industry
Impossible Foods could be at risk of losing a key patent in legal battle with Motif FoodWorks
Plant-based burgers developed by Impossible Foods Inc. are seen at the 2nd China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 6, 2019 in Shanghai, China. China News Service | Getty Images Plant-based meat maker Impossible Foods could be at risk of losing a key patent as part of an […]
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Walmart seeks new trial in wrongful termination of longtime employee with Down syndrome
Scott Olson | Getty Images Walmart is seeking a new trial in a case over the firing of a longtime employee with Down syndrome. A jury in July found Walmart wrongfully terminated the employee, Marlo Spaeth, and awarded her monetary damages. In a court filing late Tuesday, Walmart said it did not know about the […]
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Lululemon aims to double sales to $12.5 billion by 2026, eyeing even bigger men’s business
A customer looks at athletic apparel inside a Lululemon store. Xaume Olleros | Bloomberg | Getty Images Lululemon aims to double its 2021 revenue in the next five years, putting it on track to hit $12.5 billion in sales by 2026, as the retailer rides a wave of Covid pandemic-fueled demand for workout clothes. Lululemon […]
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There’s more upside ahead for Costco and BJ’s Wholesale thanks to their lower prices, Loop says
Rising prices could drive consumers to club retail stores, according to Loop Capital Markets. Source
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Procter & Gamble is about to report earnings. Here’s what to expect
Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California. Mario Tama | Getty Images Procter & Gamble is expected to report its fiscal third-quarter earnings before the bell. Here’s what Wall Street analysts are expecting, based on a Refinitiv survey: […]
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Just Eat Takeaway is exploring a sale of Grubhub barely a year after buying the company
The Grubhub logo displayed on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images European food delivery giant Just Eat Takeaway.com said it’s considering a sale of Grubhub, its U.S. arm, after facing pressure from investors to explore strategic deals. Just Eat Takeaway.com’s board “confirms its alignment with shareholders in wanting […]
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CEO of online grocer Boxed says if gas prices stay high, so will grocery bills
Online grocer Boxed CEO Chieh Huang said shoppers may have to get used to paying more to fill up the fridge and pantry — especially if gas prices stay elevated. Huang told CNBC’s “TechCheck” higher fuel prices are the main driver of steeper costs in the company’s e-commerce business. Boxed sells bulk groceries, which are […]
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How an Etsy founder turned ice cream maker feels about the DIY e-commerce platform today
Executives of Etsy applaud as they open the Nasdaq MarketSite ahead of Etsy’s initial public offering in New York, April 16, 2015. Michael Nagle | Bloomberg | Getty Images In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2005, Chris Maguire, Jared Tarbell, […]
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Lululemon is a buy as apparel maker has momentum beyond pandemic, Truist says
Shares of Lululemon are poised to do well even as the world emerges from the Covid-19 pandemic, according to Truist. Source
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Apple retail union organizers want workers to be paid at least $30 per hour
Customers walk past an Apple logo inside of an Apple store at Grand Central Station in New York. Lucas Jackson | Reuters Workers who hope to organize a union at Apple’s Grand Central Terminal store want workers to be paid a minimum of $30 per hour, according to a website for the group, Fruit Stand Workers […]
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