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Retail
Luckin Coffee moves to remove chairman after accounting scandal
Charles Zhengyao Lu.VCG | Getty ImagesLuckin Coffee announced Friday that its board of directors is moving to force out director and Chairman Charles Zhengyao Lu following an internal investigation of a financial scandal.A meeting will…
Mulberry Group PLC considers sacking 25% of staff as social distancing
The clothier is to gradually reopen its UK stores as of June 15 following other sites in China, South Korea, Europe and Canada
PLC () said it is launching a consultation process to consider sacking 25% of its workforce.
The clothier…
Starbucks latest company to pause ads across social media platforms
People wear protective face masks outside Starbucks in midtown as the city moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 23, 2020 in New York City.Noam Galai | Getty…
‘People should buy stocks’ after retail, coronavirus news
CNBC's Jim Cramer said Tuesday that investors should look to buy stocks following strong retail sales data and a positive study on treating the coronavirus. "I'm not saying things are over. But I am saying that the reaction is that…
Chef Jean-Georges to use QR codes to limit contact in restaurants
As New York City enters phase two of reopening, restaurateurs like Jean-Georges Vongerichten are anxiously awaiting the new normal after shutting their doors for more than three months.The city is predicting 5,000 restaurants will begin…
Climate change, supply chain and labor issues are making food pricier
The Biden administration said Wednesday it plans to take "bold action" to enforce antitrust laws aimed at meatpacking companies it says are causing beef, pork, and poultry prices to rise at the grocery store.Even though beef prices have…
Costco brings back purchase limits on toilet paper and more
People shop for toilet paper at a Costco store in Novato, California on March 14, 2020.Josh Edelson | AFP | Getty ImagesCostco Chief Financial Officer Richard Galanti said Thursday the company wants to make sure it has essential items at…
FTSE 100 trims gains after US open rally, sterling turns red
FTSE 100 index up 64 points
Sterling dips
Wall Street opens with a surge
3.45pm: Sterling turns red
The Footsie trimmed its gains ahead of close, after a nearly 100-point rally following a buoyant US open.
London’s leading…
Lawsuit alleges Victoria’s Secret has ‘toxic culture of sexual harassment’
People walk past a Victoria's Secret store in Barcelona.John Milner | LightRocket | Getty ImagesA shareholder of L Brands, the parent company of Victoria's Secret, is suing the company for records and alleging that its bra and lingerie…
Sears is shutting its last store in Illinois, its home state
A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is "substantial doubt" about the company's financial…