Retail industry
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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Jones Soda unveils cannabis-infused sodas, syrups and gummies under new Mary Jones brand
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step for the publicly traded company, which is best known for its craft soda, but its relatively small size means it may feel it can take […]
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CVS files to trademark its pharmacy and health clinics in the metaverse
Nikolas Kokovlis | Nurphoto | Getty Images CVS Health is looking to be the first pharmacy in the metaverse. The drugstore and health services company filed for a trademark to sell virtual goods, NFTs and provide health care services, joining major retailers like Walmart and Nike. In its filing with U.S. Patent Trade Office, CVS […]
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