Forever 21 blamed its second bankruptcy on rising competition from upstarts like Shein and Temu and their use of the de minimis exemption, a trade […]
Continue readingCategory Archives: Uncategorized
PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion
Poppi’s founders Allison and Stephen Ellsworth launched the brand back in 2018.
Continue readingKlarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm
The deal with Walmart heightens the rivalry between Affirm and Klarna, two of the world’s biggest BNPL players, just as Klarna is set to go […]
Continue readingDollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better
Tariffs and potential changes to government entitlement programs present potential further headwinds for core customers, said CEO Todd Vasos.
Continue readingDollar General store review and closures dent fourth-quarter earnings
As part of the reevaluation, the dollar-store chain said it will close 96 Dollar General stores and 45 Popshelf stores and will convert six other locations.
Continue readingWhite House pulls Trump’s nomination for CDC director hours before confirmation hearing
The White House pulled Weldon’s nomination just hours before the former Florida lawmaker was set to appear before the U.S. Senate for confirmation.
Continue readingSpirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines emerged from Chapter 11 bankruptcy this week, meeting its target to exit in the first quarter.
Continue readingNew York AG announces bill to protect consumers from scams after Trump hobbles CFPB
With the Consumer Financial Protection Bureau frozen, consumers will have to rely on their state AGs and regulators when they have complaints.
Continue readingComcast expands partnership with Olympics, extends media rights through 2036
Comcast gained the rights to broadcast the Olympic Games through 2036 as part of a new $3 billion agreement with the International Olympic Committee.
Continue readingUlta issues weak guidance, citing consumer uncertainty, rising competition and company missteps
Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.
Continue reading