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Retail
Macy’s ends buyout talks with Arkhouse and Brigade
The Macy's logo is seen at the Macy's store in Herald Square in New York City on Jan. 19, 2024.Michael M. Santiago | Getty Images News | Getty ImagesDepartment store Macy's said Monday its board has unanimously decided to end…
Here’s why Jim Cramer says Amazon is a buy ahead of its Prime Day event
Amazon is a buy ahead of its annual Prime Day starting Tuesday — even as the stock has rallied hard this year. That's because the high-quality stock is still cheap, said Jim Cramer on CNBC Monday. Consider: Shares of the e-commerce giant…
China’s rich shy away from flaunting wealth amid economic uncertainty
China's rich are turning their backs on flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure.D3sign | Moment | Getty ImagesChina's rich are growing more cautious about flaunting their…
Britain sees low-alcohol beer sales boom during Euros
People watch England play Spain in the Euro Cup final shown at the Pub on the Park in London Fields on the 14th of July 2024, London, United Kingdom. Kristian Buus | In Pictures | Getty ImagesLONDON — While the European men's soccer…
Why outlet malls are struggling against Amazon and Shein
Outlet malls have been an American staple for shoppers since the 1930s. But they're not doing as well as they once were.Historically, outlets were attached to the factories where apparel was made, selling out-of-season, overrun or faulty…
Bay, Iger to take controlling stake at $250 million value
Bob Iger, chief executive officer of The Walt Disney Co., and his wife attend Willow Bay the Allen & Company Sun Valley Conference on July 11, 2024 in Sun Valley, Idaho. Kevork Djansezian | Getty ImagesWillow Bay and Bob Iger will…
6 categories cheaper today than before pandemic
It's the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation.So when worldwide events like the Covid-19 pandemic push inflation well…
How AI and automation will reshape grocery stores and fast-food chains
AI isn't just a hyped innovation in the tech sector; the food industry is also investing heavily in the red-hot trend.Americans heading to the grocery store or their favorite fast-food restaurant will already have noticed the…
PepsiCo (PEP) earnings Q2 2024 earnings
Pepsi bottles with new and previous logos are seen at the grocery store in Las Vegas, United States on November 17, 2023.Jakub Porzycki | Nurphoto | Getty ImagesPepsiCo reported mixed quarterly results Thursday, hurt by declining demand…
Dollar General, Labor Department settle over safety violations
A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesThe U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12…