Lululemon struck a positive tone about the holiday shopping season on Thursday, but its fourth-quarter guidance came in light of expectations.
Continue readingCategory Archives: Uncategorized
Retail lobby group’s retraction of key crime claim shows how hard it is to track theft
The National Retail Federation walked back a claim that organized retail crime accounted for nearly half of all shrink losses because the data point was […]
Continue readingMcDonald’s to open first CosMc’s spinoff restaurant this week
The burger chain is positioning CosMc’s as a fast, convenient way to grab a pick-me-up snack or coffee.
Continue readingAbbVie to acquire neuroscience drugmaker Cerevel Therapeutics for $8.7 billion
The deal is AbbVie’s latest attempt to expand its drug pipeline as its top-selling treatments, such as Humira, face generic competition.
Continue readingWall Street CEOs say proposed banking rules will hurt small businesses, low-income Americans
The heads of America’s largest banks, including JPMorgan Chase, Bank of America and Goldman Sachs are seeking to dull the impact of the new rules.
Continue readingCharter shares plunge after chief financial officer says company may lose broadband subscribers in fourth quarter
Charter shares plunged after its chief financial officer said the company may lose broadband subscribers in the fourth quarter.
Continue readingEli Lilly weight loss drug Zepbound now available at pharmacies as rival Wegovy faces shortages
Eli Lilly’s drug serves as an alternative to rival obesity drugs such as Wegovy that are still facing supply issues.
Continue readingWalmart’s hiring and wage pressures have eased, CEO says
Walmart CEO Doug McMillon also said artificial intelligence is changing employees’ roles across stores and in warehouses.
Continue readingWomen’s sports, NFL’s Swift bump and Messi helped define a big year in ticket sales, StubHub says
StubHub is out with its Live Experiences Report which outlines some of the biggest influences in ticket sales for 2023.
Continue readingLawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein and calling for proof it doesn’t use forced labor after the retailer confidentially filed to go public.
Continue reading