Retail industry
Deutsche Bank says struggling Five Below is a good short-term buy ahead of investor day
Five Below’s upcoming guidance could be a needed boost for the stock, according to Deutsche Bank. Source
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Shanghai Disney to close starting Monday amid Covid outbreak in China
Shanghai Disneyland reopened in early May. Hu Chengwei The Shanghai Disney Resort said on Sunday it will temporarily close until further notice starting Monday, citing the new coronavirus outbreak in China. “Due to the current pandemic situation, Shanghai Disney Resort, including Shanghai Disneyland, Disneytown and Wishing Star Park will be temporarily closed from Monday, March […]
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Wendy’s prepares to overtake Burger King in breakfast, two years after its nationwide launch
The Breakfast Baconator and Seasoned Potatoes are part of the breakfast menu at Wendy’s restaurants on March 2, 2020 in New York City. David Dee Delgado | Getty Images Two years ago, Wendy’s launched its breakfast menu nationwide, finally crossing the finish line for a goal it tried and failed at for nearly four decades. […]
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Buy this online thrift store as secondhand clothing market heats up, Jefferies says
ThredUp should benefit from increased interest in discount shopping, according to Jefferies. Source
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Indian beauty company Nykaa looks to physical retail expansion to meet consumer demand for offline sales
While Nykaa started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you look at the math […]
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Indian beauty company Nykka looks to physical retail expansion to meet consumer demand for offline sales
While Nykka started as an e-commerce platform, founder and CEO Falguni Nayar is a “big believer” in physical retail and said there is demand from consumers. “The last two years have been very much impacted by Covid-19 and what it does to physical retail. However, we do believe that if you look at the math […]
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GameStop shares fall as retailer reports loss during holiday quarter
A mall visitor walks be a GameStop store on December 08, 2021 in San Rafael, California. Justin Sullivan | Getty Images GameStop shares on Thursday fell more than 8% in extended trading, after the video game retailer reported an unexpected loss during the holiday quarter. The video game retailer did not provide guidance for the […]
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Burger King partner in Russia refuses to close 800 locations, as fast-food chain moves to divest
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King is moving to divest its 15% stake in its Russian business, but the burger chain said it can’t legally suspend operations in the market right away. The Restaurant Brands International chain announced […]
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Warby Parker offers weak outlook, reports loss from holiday quarter
A customer tries on glasses at a Warby Parker store in Los Angeles. Michael Buckner | Getty Images Warby Parker on Thursday reported continued losses and said its sales were hurt during the holiday quarter due to the omicron variant of Covid-19, which kept people out of the eyewear retailer’s stores. The company also issued […]
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Impossible Foods taps Chobani executive as new CEO, founder Pat Brown steps down
Impossible Foods CEO Pat Brown in 2019 Robyn Beck | AFP | Getty Images Impossible Foods founder Pat Brown is stepping down as CEO, and Chobani’s departing operating chief, Peter McGuinness, will take the helm of the company. The transition comes after a roller coaster two years for the plant-based meat industry. Impossible and rival Beyond […]
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