Walmart is laying off, relocating hundreds of corporate workers across the country. Read the memo
Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.The ...
Tag: Retail industry
Alibaba shares fall 5% in premarket trading after posting 86% profit drop
Alibaba said it is working on a rival to ChatGPT, the artificial intelligence chatbot that has caused excitement across the ...
Sweetgreen, Chipotle and other fast-casual chains are bucking the consumer slowdown
A food delivery messenger carries a take-out bag outside a Sweetgreen in Manhattan, New York City, on Sept. 14, 2023.Jeenah ...
Shareholders push casinos to reassess indoor smoking
A new strategy has emerged in the battle to ban smoking in casinos: the shareholder vote.Shareholders at Boyd Gaming, Bally's ...
Applebee’s owner Dine Brands wants to steal fast-food customers with its deals
Applebee's and IHOP owner Dine Brands thinks its deals can lure away fast-food customers who have grown frustrated with menu ...
Oddity Tech says it’s bucking the beauty slowdown Ulta warned about
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it is bucking the ...
Howard Schultz says Starbucks needs to revamp its stores after big earnings miss
Howard Schultz, former chief executive officer of Starbucks Corp., drinks from a Starbucks mug during a Senate Health, Education, Labor, ...
Wayfair shares surge after furniture retailer cuts losses by more than $100 million
Wayfair's sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its ...
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley ...
Starbucks shares sink 12% as coffee chain slashes 2024 forecast amid same-store sales drag
A Starbucks coffee shop in Amsterdam.Nicolas Economou | Nurphoto | Getty ImagesStarbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, ...
