Author: Rick Moss
Nike makes Russia store closings permanent
Nike made the decision to suspend retail operations in Russia three months ago in reaction to that country’s invasion of Ukraine….
Walmart opening four ‘next gen’ automated fulfillment centers
Walmart is opening four “next generation” fulfillment center. The first will go live this summer in Joliet, IL. David Guggina, Walmart’s…
Franchise Group and Sycamore Partners offer takeover bids for Kohl’s
Franchise Group, the parent company of Vitamin Shoppe, and Sycamore Partners have offered separate bids to acquire Kohl’s. Other companies have…
Union creates $1 million strike fund to support Starbucks workers
Workers United is creating a $1 million fund to support Starbucks baristas should they go on strike in the future. A…
Chewy customers spend more every year they shop with the e-tailer
Chewy customers typically spend less than $200 their first year they buy from the site. That grows to over $400 their…
Lululemon raises annual forecast as customers keep spending
Lululemon Athletica raised its full-year sales and earnings forecast as inflation has dampened customers’ desire to buy the chain’s athleisure and…
Questions arise whether inflation is really ‘greedflation’ at work
Companies have legitimate reasons for raising prices as fuel costs, for example, have grown with Russia’s attack on Ukraine and sanctions…
Driverless taxis pick up fares in San Francisco
Cruise, the autonomous vehicle business unit of General Motors, has received permission from California Public Utilities Commission (CPUC) to begin charging…
U.S. employers added 390K jobs in May
The national unemployment rate remained at 3.6 percent in May as U.S. employers added 390,000 jobs. “There are signs that the…
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