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Retail
Trucking CEOs expect high prices, demand in second half of 2022
U.S. trucking CEOs expect to maintain pricing power even with volumes softening in the second half of 2022 as retailers, manufacturers and consumers adjust to disruptions from Covid lockdowns, the Russia-Ukraine war and inflation.A…
Must ‘get our own house in order’
John Donahoe took over as Nike CEO in January 2020.Kim Kulish | Corbis via Getty ImagesNike Chief Executive John Donahoe sent a memo to employees Friday regarding the protests that have been sparked by the death of George Floyd, saying…
Economy snapping back but still has long way to go, alternative data shows
A customer shops at Cliff's Variety on June 16, 2020 in San Francisco, California.Justin Sullivan | Getty ImagesThe U.S. economy has shown signs lately that it could be snapping back to life more quickly than many anticipated, but…
How mall closings in America hurt the towns depending on them
Shoppers explore a mostly empty mall on May 12, 2020 in Columbus, Ohio.Matthew Hatcherr/Getty ImagesThe coronavirus pandemic is speeding up the demise of America's struggling shopping malls, which could deal a devastating blow to some…
Walmart CEO Doug McMillon said CEOs must advance racial equality
Walmart Chief Executive Doug McMillon said Friday the country's top CEOs will look for ways to address racial inequities that span society, from how the world of finance works to how police treat black Americans.In an interview on CNBC's…
Fevertree Drinks PLC expects gradual on-trade sales growth but invests in
The on-trade channel, consisting in restaurants and pubs, has been hit by closures
PLC () said it expects on-trade sales to gradually resume depending on how lockdowns are lifted in different countries.
The soft drinks producer, which…
Impulse spending is an issue for consumers. How to rein in the habit
miniseries | E+ | Getty ImagesSetting up a household budget and sticking to it can be challenging. Impulse shopping doesn't make it any easier.About 42% of consumers say they are worsening their financial situation by doing things like…
Tesco PLC shareholders reject director pay report over CEO Dave Lewis’s fat
It had been expected that the executive pay report was going to be approved by a small margin
More than two thirds of () shareholders voted down the grocery giant’s pay report at its annual meeting on Friday.
Some 67.3% of votes were…
Fourth of July celebrations at home are driving record fireworks sales
A shopper looks through fireworks for sale at Sky King Fireworks in Morrisville, Pennsylvania, U.S., June 24, 2020.Lucas Jackson | ReutersIf you think you're hearing more fireworks than usual this year, you probably are.Firework sellers…
Tesco PLC faces investor revolt over CEO pay
The £6.4mln wage package of outgoing boss Dave Lewis has split shareholder opinion amid an ongoing debate around executive pay during the coronavirus crisis
Tesco PLC (LON:TSCO) is facing a shareholder revolt over the pay packet of its…