Starbucks’ (SBUX) reputation as the undisputed leader in the caffeinated beverage market was challenged in recent years due to the growing competition,
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Retail
General Motors shares tumble on Q4 sales decline
Shares of General Motors (GM) fell over 2% on Thursday after the automaker said its sales fell 2.7% in the fourth quarter.
MGM Resorts announce restructuring plan to cut costs
MGM Resorts International (NYSE: MGM) on Thursday announced its plan to reduce costs, with it becoming imperative for the S&P500 entertainment giant
UniFirst Q1 profit jumps 12%, beats estimates
UniFirst Corporation (UNF) reported a 12% jump in earnings for the first quarter of fiscal 2019 helped by higher revenues as well
Simply Good Foods Q1 earnings jump on strong sales growth
The Simply Good Foods Company (SMPL) Thursday reported an increase in net profit for the first quarter of 2019 when a sharp
More Whole Foods stores in cards as Amazon continues expansion spree
After redefining the retail marketplace through digital onslaught, Amazon (AMZN) is currently shifting focus to its physical retail strategy. The company is
Recovery hopes brighten after GE starts 2019 on a positive note
Extending the positive momentum seen towards the end of last year, General Electric (GE) started 2019 with a surprise gain. The company's
Resolute closes $300-million sale to boost financial flexibility
Resolute Forest Products (RFP) announced that it completed the $300-million sale of the Catawba, South Carolina, paper and pulp mill to New-Indy
Sears liquidation looms closer than ever
Sears Holding Corp. (SHLDQ) is facing liquidation as early as tomorrow. The company’s last hope is hinged on a $4.6 billion bid
Johnson & Johnson will spend more time in court in 2019
The tainted talc has been snowballing into a gigantic threat since 2016, and things are not looking good as Johnson & Johnson
Happy New Year: Nearly half the US to get a minimum wage hike in 2019
Nearly half the US is getting a better New Year, as 22 states are just days away from raising the minimum wage
Indian govt delivers Amazon, Flipkart a rude shock with new e-comm rule
India was perceived as a fertile ground for e-commerce growth by both Amazon (AMZN) and Walmart-owned local rival Flipkart, both of which
Rite Aid stock plunges to 9-year low
Rite Aid (RAD) stock plunged to 9-year lowest of $0.61 on Thursday. Investors remained concerned on the future of the drugstore chain
Report says 2018 US holiday season was best in six years
The US retail industry recorded its strongest holiday shopping season in six years, according to a report by Mastercard SpendingPulse. Retail sales
Amazon sells more items than ever before this holiday season
Amazon (AMZN) on Wednesday said it had a record-breaking holiday season, with the number of orders hitting a new peak. Without specifying
Market: US futures set to higher open after Christmas Eve meltdown
US futures are pointing to a higher open in the stock market today after ending negative on Monday. Wall Street attempted to
Bed Bath and Beyond stock sinks to 5-year low
Bed Bath and Beyond (BBBY) stock plunged to a new five-year low of $10.46 on Monday as investors were concerned on the
Brexit crisis could hurt UK retailers next year
Retailers in the UK, which are already reeling under pressure due to increased competition from online stores, are heading towards a double
A tough task awaits Campbell Soup’s new CEO Mark Clouse
There is a pressing need for the food industry to innovate and adapt to the changing customer tastes. The current state of
Retail Forecast: New vehicle sales in the US to dip this December
A new study shows that December this year could see a significant slide in new-vehicle retail sales in the US. According to
Nike will sell cheaper self-lacing shoes next year
Nike (NKE) will launch its second-generation hi-tech self-lacing sneakers in 2019 at a cheaper price tag of $350. This was confirmed in