Oddity Tech has told investors that its business is online only, but short seller Ningi Research said it operates a fleet of stores in Israel.
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Nestle to launch Vital Pursuit frozen-food brand targeting GLP-1 users
Nestle’s Vital Pursuit brand’s initial lineup of 12 items will include frozen bowls with whole grains or protein pasta, sandwich melts and pizzas.
Continue readingFamily offices become prime targets for cyber hacks and ransomware
With their large wealth and small staffs, family offices have become lucrative targets for hackers and cybercriminals, experts say.
Continue readingLowe’s beats on earnings and revenue, even as consumers spend less on DIY projects
The home improvement retailer Lowe’s said sales fell again year over year, and it reiterated its full-year earnings forecast.
Continue readingMacy’s beats earnings estimates, as turnaround plan shows early progress
Macy’s beat earnings estimates as the department store operator moves to close about 150 namesake locations and open new Bloomingdale’s and Bluemercury stores.
Continue readingPixar is laying off 14% of its workforce as Disney scales back content
About 14% of the workforce at Disney’s Pixar Animation Studios, or around 175 employees, are being laid off.
Continue readingDepartment stores face another squeeze. This time, with store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was […]
Continue readingThe rich are getting second passports, citing risk of instability
The top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy, according to a leading law firm.
Continue readingMacy’s settles proxy fight with activist Arkhouse, adds two directors
The reshuffle moves Macy’s closer to a deal that could take the 165-year-old department store private.
Continue readingThese 10 retail brands are the fastest growing in the U.S., Yelp says
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to Yelp.
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