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Retail
Alibaba (BABA) earnings Q3 2024
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba's overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up…
How Walmart won over wealthy shoppers
Walmart is known for attracting penny-pinchers.Yet lately, the discounter is drawing wealthier shoppers to its website and stores.Most of Walmart's market share gains in the fiscal fourth quarter came from upper-income consumers,…
Forever 21 talking to liquidators, mulling second bankruptcy
Beleaguered retailer Forever 21 is in talks with liquidators about future steps for the fast fashion company, according to people familiar with the matter — a sign that it's struggling to find a buyer as it mulls a second bankruptcy…
Nike teams up with Skims to launch new brand
Mannequins displaying shapewear at a Skims pop-up shop at the Nordstrom flagship store in New York, US, on Sunday, June 9, 2024. Bing Guan | Bloomberg | Getty ImagesNike has teamed up with Kim Kardashian's intimates brand Skims to launch…
Target Walmart DEI decisions could hurt Black founders
Brown Girl Jane's sales have more than doubled since the brand got picked up by Sephora last year. The beauty retailer took the 15 Percent Pledge, an effort to add more Black-owned brands to shelves.Courtesy: Brown Girl JaneFragrance…
McDonald’s, Chipotle warn of weak first quarter
A McDonald's restaurant in El Sobrante, California, on Oct. 23, 2024.David Paul Morris | Bloomberg | Getty ImagesIn like a lion, out like a lamb.That's how restaurant executives envision 2025 after a rough start to the year, largely…
Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday.Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain…
Americans to spend $14.6 billion on Valentine’s Day, report finds
Sanja Radin | E+ | Getty ImagesIt seems that love is in the air, and so is the spending as more people are apparently getting into the Valentine's Day spirit this year.Americans shopping for their significant others are expected to spend…
Unilever (ULVR) earnings Q4, full-year FY24
Pints of Ben & Jerry’s ice cream are seen on a shelf at Ideal Fresh Market of Church Ave on March 19, 2024 in the Flatbush neighborhood of Brooklyn borough in New York City. Michael M. Santiago | Getty ImagesConsumer goods giant…
Olipop prebiotic soda valued at $1.85 billion in funding round
Super Bowl ad of Poppi.Source: PoppiPrebiotic soda brand Olipop said Wednesday that it was valued at $1.85 billion in its latest funding round, which raised $50 million for the company.Founded in 2018, Olipop has helped fuel the growth…