A Family Dollar Stores Inc. store in Hyattsville, Maryland, US, on Wednesday, March 13, 2024. Dollar Tree Inc. expects to close about 600 Family Dollar stores in the first half of fiscal 2024 and shut down an additional 370 Family Dollar and 30 Dollar Tree locations as their leases expire. Bloomberg | Bloomberg | Getty … Read more
Off-price is not going off-trend anytime soon. That might not be clear based on recent trading in TJX Companies’ stock. Club holding TJX Companies and rival Ross Stores are well-positioned to keep stealing market share from other retailers, particularly department stores, UBS said in a recent note, keeping a years-long trend in the industry alive. … Read more
Shopping bags in front of the Macy’s Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said. Bing Guan | Bloomberg | Getty Images … Read more
Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In an interview with CNBC’s Sara Eisen from Paris, Donahoe was asked about the company’s lack of fresh … Read more
Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) Karol Serewis | Lightrocket | Getty Images Nike CEO John Donahoe acknowledged Friday that the company moved too far away from wholesale partners like Macy’s and … Read more
A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images A top Amazon executive told CNBC Thursday that it’s a “myth” that robots and other technologies take jobs away from people. Stefano La Rovere, director of … Read more
Shohei Ohtani answers questions and Ippei Mizuhara translates during the Shohei Ohtani Los Angeles Dodgers Press Conference at Dodger Stadium on Thursday, December 14, 2023 in Los Angeles, California. Rob Leiter | Major League Baseball | Getty Images Shoehei Ohtani’s former translator Ippei Mizuhara allegedly stole over $16 million from the Los Angeles Dodgers star … Read more
A sign is seen on a Buffalo Wild Wings restaurant on November 28, 2017 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Buffalo Wild Wings opened its 100th Go location on Wednesday in New York City, four years after unveiling the quick-service offshoot of its sports bar chain. BWW Go sells … Read more
Tom Brady attends Fanatics and Topps ‘Hobby Rip Night’ Event with Michael Rubin, Tom Brady, Kevin Hart and Travis Scott on September 30, 2023 in Linwood, New Jersey. Dave Kotinsky | Getty Images Entertainment | Getty Images Since the New York Comic-Con launched in 2006, the convention has evolved well beyond comics into a wide-ranging … Read more
The new restaurant in your neighborhood may look familiar. Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according to a new Yelp report. Review site Yelp compiled the list by using a blended metric that includes net new openings, searches on … Read more
