Is there a decline in consumer spending? Here's what CEOs are saying – Business News (Trending Perfect)

[ad_1] People walk past Sweetgreen restaurant in Manhattan on September 14, 2023. Jenna Moon | The Washington Post | Getty Images As prices and interest rates continue to rise, Chipotle Burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels are not. The latest round of … Read more

Dr. Martens shares fell to a record low, and trading was halted due to the weak outlook – Global News (Trending Perfect)

[ad_1] Dr. Martens is a shoe brand known for its yellow stitching and patented air-cushioned sole. The brand was adopted by British rockers in the 1970s, but became mainstream during the grunge movement of the 1990s. Shares of Dr. Martens fell 30% on Tuesday to hit a record low in early trading, after the … Read more

Macy's and Arkhouse's battle for exclusivity continues after proxy settlement – Business News (Trending Perfect)

[ad_1] Shopping bags in front of the Macy's Inc. flagship store. In the Herald Square district of New York, US, on Monday, November 13, 2023. Holiday sales in the United States will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said. Bing Guan | … Read more

Nike's CEO blames remote work for slowing innovation – Business News (Trending Perfect)

[ad_1] Nike President and CEO John Donahue. Source: Nike Nike CEO John Donahue on Friday blamed remote work for the company's lag in innovation, saying it's hard to be disruptive when people are working from home. In an interview with CNBC's Sarah Eisen in Paris, Donahue was asked about the company's lack of fresh new … Read more

Top Amazon exec says 'myth' robots are stealing jobs – Global News (Trending Perfect)

[ad_1] A robot prepares to pick up a bag containing a product at an Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. norphoto | norphoto | Getty Images summit Amazon The idea that robots and other technologies are taking jobs away from people is a “myth,” an executive told CNBC on Thursday. … Read more

3G Capital quietly exited its investment in Kraft Heinz last year – Business News (Trending Perfect)

[ad_1] Brazilian private equity firm 3G Capital quietly sold its 16.1% stake Kraft Heinz In the fourth quarter, nearly nine years after orchestrating the blockbuster merger between Kraft Foods and Heinz with Warren Buffett. The sale marks the end of the 3G era. The company's influence over Kraft Heinz has diminished in recent years with … Read more

Gatorade is expanding into new products including plain water – Business News (Trending Perfect)

[ad_1] As Gatorade approaches its 60th birthday, the brand remains energetic, branching out into new categories from unflavored water to energy drink mixes. Since its founding in 1965, Gatorade has been the dominant sports drink. It accounted for 63.5% of the US sports drink market in 2023, according to data from Euromonitor International. What is … Read more

Levi Strauss (LEVI) Q1 2024 earnings – Business News (Trending Perfect)

[ad_1] Levi Strausswhich has long relied on wholesalers such as Messi And Cole To drive its business, it now makes nearly half of its sales through its website and stores, the company said Wednesday when announcing fiscal first-quarter earnings. In the three months ended Feb. 25, direct-to-consumer sales accounted for a record 48% of total … Read more

Target, Cole, TJX could benefit – Business News (Trending Perfect)

[ad_1] Signs are placed at the entrance to the Macy's store that is scheduled to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Macy's announced plans to close 150 underperforming stores across the United States. Justin Sullivan | Getty Images News | Getty Images Messi It has not yet closed … Read more

Some Buy Now, Pay Later users are warning others about it – Top Stories (Trending Perfect)

[ad_1] Many consumers find that buy now, pay later is a godsend when cash is tight. Others wish they could pay upfront to avoid pain later. Tia Whiteside, 27, knew she was spending more than she would have without buy now, pay later services — popular loans that allow borrowers to split purchases into installments … Read more