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Retail
Mattel, Hasbro lower guidance ahead of holiday season
Shoppers at a Walmart store on Black Friday in Secaucus, New Jersey, on Nov. 24, 2023.Victor J. Blue | Bloomberg | Getty ImagesMattel and Hasbro decreased their end-of-year guidance ahead of the key holiday season as toy sales continue…
Amazon turns to team of ex-prosecutors to try to fight counterfeiters
In 2018, police showed up at a nondescript industrial warehouse in New York's Brooklyn Navy Yard to investigate reported counterfeits. Federal agents were looking for knockoff military gear as part of an investigation into a distributor,…
Abercrombie ex-CEO Mike Jeffries pleads not guilty to sex crimes
Former CEO of Abercrombie and Fitch, Mike Jeffries, walks out of federal court after his arraignment on charges with the trafficking of male models for sex parties around the world, in Central Islip, New York on October 25, 2024. Adam…
Deal blocked between Coach, Michael Kors owners
Coach and Michael Kors.Michael M. Santiago | Eduardo Parra | Europa Press | Getty ImagesA federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York.In her order, Judge Jennifer…
David Einhorn says Peloton is significantly undervalued
David Einhorn speaking at the 2024 Sohn Conference in New York City on April 3, 2024.Adam Jeffery | CNBCShares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are…
McDonald’s shares fall after CDC says E. coli outbreak linked to Quarter
A McDonald's located on Route 66 in Azusa, California, on April 1, 2024.Robert Gauthier | Los Angeles Times | Getty ImagesMcDonald's shares dropped in extended trading Tuesday after the Centers for Disease Control and Prevention said an…
NBA, WNBA and Nike renew uniform partnership
Nike will be the exclusive uniform and apparel provider for the National Basketball Association and Women's National Basketball Association for another 12 years after they renewed their partnership with the sneaker giant, the leagues…
Why I paid $95 to recycle a mattress — and you might, too
The author paid a company, Renewable Recycling, to pick up and recycle his queen-size mattress in New York City.Greg IacurciI paid $95 to recycle a mattress.It may sound odd, silly even, to pay so much to dispose of a run-of-the-mill…
Starbucks taps former Chipotle executive as global chief brand officer
Tressie Lieberman, the incoming global chief brand officer at Starbucks.Courtesy: StarbucksStarbucks has tapped Chipotle alum Tressie Lieberman as its global chief brand officer, a newly created position and the latest executive change…
CVS replaces CEO Karen Lynch with exec David Joyner
Longtime CVS Health executive David Joyner has succeeded Karen Lynch as CEO, as the company struggles to drive higher profits and stock performance, CVS announced Friday.The move, effective Thursday, the day before the announcement,…