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Retail
UPS shares tank after weak guidance, plan to slash Amazon deliveries
Amazon Prime and UPS trucks are seen in Washington, D.C., on July 12, 2024.Jakub Porzycki | Nurphoto | Getty ImagesShares of United Parcel Service closed down 14% Thursday after the company issued weak revenue guidance for the year and…
Levi Strauss (LEVI) earnings Q4 2024
Levi Strauss issued dismal guidance for its current fiscal year on Wednesday, as the denim maker grapples with unfavorable currency exchange rates, one fewer selling week and a loss in revenue from its Denizen and footwear businesses. …
Starbucks adds two former Taco Bell executives ahead of earnings
Brian Niccols, CEO of Starbucks, speaking with CNBC on Oct. 31, 2024.CNBCStarbucks announced another stage in its leadership shake-up on Tuesday, as CEO Brian Niccol will bring in two more executives who spent time at his former employer…
British retail faces a reckoning as WH Smith looks to sell its stores
Members of the public walk past a branch of a WH Smith Plc in Orpington on January 23, 2025 in London, England. Dan Kitwood | Getty Images News | Getty ImagesBritish retailer WH Smith is looking to sell its historic high street business…
Adidas to cut up to 500 jobs
Adidas shoes are displayed at a DSW store in Novato, California, on Jan. 31, 2024.Justin Sullivan | Getty ImagesAdidas plans to cut as many as 500 jobs in a bid to simplify its business, a person familiar with the matter confirmed to…
Shein exec Donald Tang says Trump tariffs should be applied equally
A view of a Shein pop-up store at a mall in Singapore on April 4, 2024.Edgar Su | ReutersShein's ultracheap clothes can remain affordable as long as proposed tariffs from President Donald Trump are "applied equally," the company's…
Burberry (BRBY) earnings Q3 FY25
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesShares of Burberry jumped as much as 16% on Friday after the…
Store closures rise, led by Party City, Big Lots, Walgreens
Shoppers seek closeout sale discounts at Party City in Stamford, Conn. July 3, 2023. Tyler Sizemore | Albany Times Union | Hearst Newspapers | Getty ImagesStore closures in the U.S. last year hit the highest level since the pandemic —…
Fanatics is opening first trading card store, but it’s not in U.S.
Fanatics logo is seen on the dugout wall before the game between the Pittsburgh Pirates and the Milwaukee Brewers at PNC Park on July 3, 2022 in Pittsburgh, Pennsylvania. (Photo by Justin Berl/Getty Images)Justin Berl | Getty ImagesThe…
Costco union representing 18,000 workers authorizes nationwide strike
Workers announce customers about power outages as they were closed outside of Costco Wholesale in Foster City, California, United States on Jan. 16, 2025. Tayfun Coskun | Anadolu | Getty ImagesA union representing thousands of Costco…