Retail industry
Here’s where Walmart prices are changing — and staying the same — as Trump’s tariffs hit
A family shops in a Walmart Supercenter on May 15, 2025 in Austin, Texas. Brandon Bell | Getty Images SECAUCUS, N.J. — As customers walk the aisles of Walmart stores, there are some early signs that higher tariffs are changing pricing. The nation’s largest retailer warned in May that it would have to raise prices […]
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Sen. Elizabeth Warren targets price gouging in new bill as tariff costs, inflation increase
With expectations that prices will rise throughout the economy over the summer as more tariffs stack up, a group of legislators on Capitol Hill, highlighted by Senator Elizabeth Warren (D-MA), introduced a bill to target price gouging by the market’s biggest companies. The Price Gouging Bill of 2025 — introduced on Thursday by Warren along […]
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PepsiCo earnings beat estimates even as U.S. demand falls
Cases of Pepsi soda are displayed at a Costco Wholesale store on April 25, 2025 in San Diego, California. Kevin Carter | Getty Images PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite weaker demand for its food and drinks in North America. Shares of the company rose roughly 2% in premarket trading. […]
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Here are 10 of the most expensive cities for high-net-worth individuals, according to a new report
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore retained its top spot as the most expensive city globally for high-net-worth individuals (HNWIs) for the third consecutive year, according to the 2025 Global Wealth and Lifestyle […]
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Yen weakness subdues luxury splurge at Cartier-owner Richemont
Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal […]
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‘Lost their identity’: Why Target is struggling to win over shoppers and investors
Shortly before a road trip in early 2024, Mary Molina realized her view of Target had changed. Molina, a mother of five and entrepreneur who lives in Westchester, New York, said her weekly trips to Target looked and felt different from her experience before the Covid pandemic. Items such as national brands of laundry detergent […]
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Starbucks employees to return to the office four days a week — or take a payout
The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty Images Starbucks corporate employees will have to return to the office four days a week starting in October, the company announced on Monday. For workers who would prefer to leave the company instead of heading back […]
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Athlete-backed Jams takes on peanut butter and jelly, protein craze
Connor Blakley Jams founder Jams The classic peanut butter and jelly sandwich is getting a modern day upgrade and backing from some top athletes. Jams, a new company created by 26-year-old Connor Blakley, launched Monday and hopes to take on Smucker’s Uncrustables as the next locker room and lunch box staple. Like Uncrustables, the sandwiches […]
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Some Walmart garment orders from Bangladesh on hold due to U.S. tariff threat: Reuters
Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images Suppliers to Walmart have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a […]
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Levi Strauss raises sales guidance, says it will absorb some tariff costs for now
Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves. The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the […]
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