Retail industry
Earnings playbook: Big banks and an airline kick off the reporting season
The corporate earnings season will get going next week with some of the biggest U.S. banks slated to report. Source
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Starbucks CEO Howard Schultz says he’s not anti-union, but his past tells a different story
A pro-union poster is seen on a lamp pole outside Starbucks’ Broadway and Denny location in Seattle’s Seattle’s Capitol Hill neighborhood on March 22, 2022. Toby Scott | Sopa Images | Lightrocket | Getty Images Howard Schultz’s first week back at the helm of Starbucks ended with seven more company-owned cafes unionizing, bringing the total […]
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Target tiptoes back into resale with new ThredUp deal, as it makes sustainability push
Target ThredUp website Source: Target Target is tiptoeing back into secondhand sales through a deal with resale company, ThredUp. The big-box retailer confirmed Friday that it launched a page on ThredUp’s website in late March that includes listings of women’s and kids’ apparel, along with accessories. Some items are from Target’s private labels, such as […]
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Walmart says it is raising truckers’ pay and starting a training program as it grapples with a driver shortage
A Walmart truck departs the company’s distribution center in Washington, Utah. Bloomberg | Bloomberg | Getty Images Walmart said Thursday it is raising pay for long-haul truck drivers and launching a new program to train the next generation, as it seeks the staffing it relies on to replenish store shelves and warehouses across the country. […]
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Macy’s warns that inflation-squeezed consumers may choose to spend on travel over shopping
A person walks past a Macys store in Hyattsville, Maryland, on February 22, 2022. Stefani Reynolds | AFP | Getty Images As inflation threatens to weigh on consumer demand, particularly among low-to-middle income consumers, Macy’s says more shoppers could be faced with a consequential choice: Head to the mall or take a summer vacation. “The […]
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Barclays names Target a top pick, says demand should hold up even in weak economy
Target’s foot traffic should remain strong despite inflation and economic growth concerns, according to Barclays. Source
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Billionaire founder of China’s JD.com steps down as CEO as Beijing’s tech crackdown continues
Richard Liu, the founder of Chinese e-commerce giant JD.com, will step down from his role as CEO. His departure comes after a number of high-profile technology founders exited their leadership positions amid Beijing’s regulatory crackdown on its domestic tech sector. VCG | Visual China Group | Getty Images JD.com’s billionaire founder Richard Liu has stepped […]
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NFL, MLB and players unions lead the latest round of investment in rapidly growing Fanatics
A detailed photo of the Fanatics apparel displayed at NFL Hospitality during the 2018 NFL Annual Meetings at the Ritz Carlton Orlando, Great Lakes on March 26, 2018 in Orlando, Florida. Mark Brown | Getty Images The NFL, other major sports leagues, players unions and team owners are leading the latest round of investment in […]
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Developers are turning to master-planned communities to solve the housing affordability crisis
Americans who are short on cash to make rent may need to face an uncomfortable reality: Conditions will likely get worse before they get better. U.S. housing supply fell to the lowest levels observed in over 20 years, according to the National Association of Realtors. That’s dramatically pushing up prices for consumers, and catching the […]
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Levi Strauss earnings top estimates as shoppers buy at higher prices, denim retailer reaffirms 2022 outlook
An employee holds a shopping bag while ringing up a customer at the Levi Strauss & Co. flagship store in San Francisco, March 18, 2019. David Paul Morris | Bloomberg | Getty Images Denim retailer Levi Strauss & Co. on Tuesday reported fiscal first-quarter earnings and revenue that topped analysts’ estimates as it sold more […]
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