Retail industry
Modelo owner Constellation Brands misses on earnings as aluminum tariffs hit profitability
Case of Modelo, a beer imported from Mexico, are seen for sale at a grocery store in Arlington, Virginia, February 3, 2025, following the announcement of tariffs by US President Donald Trump on important goods from Canada and Mexico. Saul Loeb | Afp | Getty Images Constellation Brands on Tuesday reported quarterly earnings and revenue […]
Read More
How a beer-making process is used to make cleaner disposable diapers
Disposable diapers are a massive environmental offender. Roughly 300,000 of them are sent to landfills or incinerated every minute, according to the World Economic Forum, and they take hundreds of years to decompose. It’s a $60 billion business. One alternative approach has been compostable diapers, which can be made out of wood pulp or bamboo. […]
Read More
Jewelry sales outperform as U.S. spending for most luxury goods falters, Citi report finds
Domenica Graci, the CEO and Founder of travel agency One Luxury, is seen wearing a golden Vintage Alhambra bracelet from Van Cleef & Arpels, a golden Love bracelet from Cartier, a golden Juste un Clou nail bracelet from Cartier and an Essential Lines bracelet from Cartier. Moritz Scholz | Getty Images Entertainment | Getty Images […]
Read More
Home Depot is buying GMS for about $4.3 billion as retailer chases more home pros
A Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024. David Paul Morris | Bloomberg | Getty Images Home Depot said Monday that it is buying GMS, a building products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals. Shares of […]
Read More
Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on […]
Read More
Nike will report earnings after the bell. Here’s what Wall Street expects
A shopper walks past a Nike store, as global markets brace for a hit to trade and growth caused by U.S. President Donald Trump’s decision to impose import tariffs on dozens of countries, in the King of Prussia Mall in King of Prussia, Pennsylvania, U.S., April 3, 2025. Rachel Wisniewski | Reuters Nike is expected […]
Read More
PayPal teams up with the Big Ten and Big 12 to enable payments to student-athletes
Head coach Dusty May and players of the Michigan Wolverines celebrate after defeating the Wisconsin Badgers in the Big Ten men’s basketball tournament championship game at Gainbridge Fieldhouse on March 16, 2025 in Indianapolis, Indiana. Aaron J. Thornton | Getty Images Global payment company PayPal announced on Thursday that it has inked a deal with […]
Read More
H&M shares jump 5% as summer shopping pick-up seen after weaker-than-expected quarterly sales
A close-up view of the illuminated red H&M logo in front of a display of women’s summer dresses and casual apparel at a retail store. Cheng Xin | Getty Images News | Getty Images Swedish clothing giant H&M on Thursday reported weaker-than-expected sales in the fiscal second quarter but pointed to an uptick in demand to […]
Read More
How Ikea is doubling down on price cuts to attract cost-conscious customers
Swedish meatballs at an IKEA in Causeway Bay is listed as out of stock after after Czech authorities detected horse meat in the company’s meatballs which are supposed to make up of pork and beef only. South China Morning Post | Getty Images Ikea shoppers will see price cuts of up to 50% at many […]
Read More
Back-to-school spending persists despite economic pressure, consumer survey says
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Families are not holding back on back-to-school spending this year, despite growing economic pressure, according to a new PwC consumer survey. […]
Read More