A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is “substantial doubt” about the company’s financial viability. Scott Olson | Getty Images News | Getty Images The last Sears department store located in the retailer’s home …
Workers fold clothing at a Thai Son S.P. Co. garment factory in Binh Thuan province, Vietnam. Maika Elan | Bloomberg | Getty Images Prolonged coronavirus restrictions in Vietnam have become a bigger headache for retailers, particularly those that rely on the region for manufacturing footwear and apparel, as the holiday season approaches. The worries led Wall Street research firm BTIG …
Ramon Laguarta, chief executive officer of PepsiCo Inc., stands for a photograph before a closing bell ceremony at a Nasdaq Inc. remote location in Atlanta, Georgia, on Friday, Feb. 1, 2019. Elijah Nouvelage | Bloomberg | Getty Images PepsiCo is hoping to release new plant-based snacks and drinks made through its joint venture with Beyond Meat by early 2022. “This …
Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Amazon plans to hold a beauty products event in October in an effort to lure early holiday shoppers and boost the company’s position in a booming category, according to documents reviewed by …
Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by the automaker. The companies said Wednesday that the collaboration will use Ford Escape hybrids with Argo AI technology for Walmart …
Coffee giant Starbucks has told the National Labor Relations Board that all 450 workers in its Buffalo, New York market should be allowed to vote on whether to unionize, according to a memo Starbucks sent to its partners that was obtained by CNBC. “We believe this will make this process fair and respectful for every partner in Buffalo. It will …
The Walmart+ home screen on a laptop computer in Brooklyn, New York on Wednesday, Nov. 18, 2020. Gabby Jones | Bloomberg | Getty Images Walmart‘s membership program, Walmart+, is gaining momentum and attracting younger, higher-income shoppers, according to a research note published Tuesday by Deutsche Bank. The subscription service — which launched almost exactly one year ago — has grown …
igor_kell | iStock | Getty Images Summer isn’t officially over, yet some Americans already have the holidays on their minds. In fact, 27% of holiday shoppers plan to begin buying gifts before the end of September, according to a survey by CreditCards.com. That includes 13% who started or planned to start in August. The poll was conducted by YouGov Plc. …
Travel + Leisure Club is a new subscription travel booking and concierge service. Travel + Leisure Group/Travel + Leisure Co. From private-jet clubs to theme park memberships, subscription services are increasingly the way to go when it comes to vacations and other leisure trips. For example, Internet sites Tripadvisor and Scott’s Cheap Flights — both free to users in their …
Kroger on Friday said shoppers filled up large baskets of groceries in the fiscal second quarter. They bought bigger items, such as 24-packs of toilet paper. And they replenished fridges frequently, as they cooked more meals at home. The company’s same-store sales, a key industry metric, were down 0.6% in the three-month period — nearly matching the heightened level of …
