Foot Locker Shares Plummet on Forecast Cut, Dividend Pause; Drags Peers
Shares of Foot Locker plunged by as much as 36%, hitting a 13-year low, due to warnings of weak consumer demand…
Author: Alicia Thorpe
Fewer Overseas Tourists in U.S. Hurt Macy’s Sales
Macy’s has revealed that a decline in overseas tourists visiting the United States has adversely impacted its sales, with international visitors…
The Year of ‘Global Boiling’ Is Creating an Opportunity for Winemakers in Sweden, and One Winemaker Says He Can See Things Growing Here That Were Unthinkable 30 or 40 Years Ago
The warming climate in Sweden, referred to as the “year of global boiling,” is presenting unexpected opportunities for winemakers in the…
Home Depot’s $300 12-Foot Skeleton Is Already Sold Out Online for the Rest of 2023
Home Depot’s highly sought-after 12-foot skeleton has once again sold out online after its third and final restock of 2023, forcing…
Dick’s CEO Blames ‘Alarming’ Retail Theft for a Surprising Profit Drop: ‘It’s a Problem for Our Entire Country’
Dick’s Sporting Goods has reported a 23% decline in quarterly net profits, attributing a significant part of the decline to high…
How Costco Became the King of Bulk Buying After Starting Out Selling Goods Only to Businesses Out of an Old Airplane Hangar
Founded in 1983 by Jim Sinegal and Jeff Brotman, Costco, a members-only wholesale club, has risen to become the third-largest retailer…
Weight Loss Drugs Boost Sales at Retail Pharmacies, but They May Not Help Profits Much
Retailers with pharmacy businesses like Walmart, Kroger, and Rite Aid have reported increased demand for prescription weight loss drugs, such as…
Recalled Baby Products Sold on Facebook Draw the Ire of Powerful Committee in Congress
Lawmakers in the U.S. Congress have expressed concern about the sale of recalled baby products associated with infant deaths on Meta’s…
New RadioShack Owner Pledges Growth, With U.S. Stores Possible
Unicomer Group, the major stakeholder in RadioShack, acquired the brand’s intellectual property and domains in about 70 countries, including the U.S.,…
Will Macy’s, Nordstrom Merchandise Overhauls Lure Shoppers?
Macy’s and Nordstrom are set to release their quarterly results this week, providing insights into whether their new strategies involving revamped…
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