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Francisco VelasquezQuartz |
Rite Aid will soon be much smaller as it works through a bankruptcy exit strategy with lenders.Read more...
Starbucks is having a tough time reaching consumers all over the world. In the U.S., its supply isn’t meeting demand, and in China, it’s ambitious...
The cocoa crisis doesn’t appear to be keeping Hershey from “sharing goodness,” nor raising its prices. Read more...
Used-car sales are elevating more than just Carvana’s profits. The company’s father-son stakeholders added billions to their coffers, thanks to...
Wendy’s said it’s being careful about pricing, likely in an effort to avoid the public relations fiasco of February. McDonald’s is seeing a...
Wendy’s doesn’t want another surge pricing debacle. Read more...
As travelers plan their long-awaited summer trips, Airbnb is hoping they’ll consider embarking on one of its new ‘Icons’ experiences for a...
Peloton is going on the road. Well, at it least some of its equipment is.Read more...
Cash-strapped consumers are not splurging on pizza and chicken, and that’s hurting sales at restaurant company Yum Brands. Read more...
Amazon’s cloud computing platform AWS may be doing more than just AI, and that may spell trouble for Alphabet and Microsoft.Read more...
Coca-Cola’s consumers are making it pop. The beverage company reported better-than-expected first-quarter earnings on Tuesday, thanks in part to an...
A Big Mac and fries doesn’t appear to be capturing the attention of consumers for now. Shares of McDonald’s fell slightly in early hours, trading...
All eyes may be on the reigns of power changing hands at Paramount Global, but that’s not stopping the media company from adding millions of new...
Co-working space company WeWork may be close to clawing its way out of financial ruin after reaching a deal with backers that would fund its exit from...
Cash-strapped consumers are flooding the aisles of discount grocer Aldi – giving it the boost it needs to emerge as a winner in the inflation era,...
Fast food restaurants in California have been increasing menu prices at a faster rate than anywhere else in the U.S. — and were doing so even before...
Online fast-fashion retailer Shein will soon face stricter digital regulations from the European Union, the world’s largest trading bloc said in a...
Tesla CEO Elon Musk is once again wealthier than Meta CEO Mark Zuckerberg, and that’s thanks to Meta’s recent market capitalization loss. Read...
Shoppers are purchasing name-brand beauty products again, and that’s lifting sales at consumer goods company Unilever. The London-based Unilever...
In the world of retail, American fashion brand Express has filed for bankruptcy and plans to close over 100 stores imminently. Chipotle will deploy...
Software maker Microsoft reported strong third-quarter earnings on Thursday, led in part by its AI technology and cloud businesses, it said in a...
Southwest Airlines is considering changing its notorious seating policy, according to chief executive officer Bob Jordan. Read more...
Coca-Cola is betting that AI can helpit pop. The beverage company has signed afive-year partnership with Microsoft to streamline its workplace...
Chipotle is hogging its chicken from employees in a bid to keep up with surging demand from customers.Read more...
Investment bank Jefferies’ chief executive officer Rich Handler has sold off shares for the first time — to purchase a yacht, among other things,...
Chipotle’s solution for cutting avocados may be coming to a store near you as early as this year.Read more...
The COVID-19 pandemic created massive challenges for companies, and the luxury industry was no exception. With consumers strapped for cash and only...
Tesla’s woes are on a tear but that doesn’t mean the world’s most valuable automaker is stopping. Read more...
Meta wants to be a player in the AI space, but its efforts to do so have some users annoyed. Read more...
Amazon wants to lead the pack in food delivery and believes that its new low-cost subscription service will keep it ahead of competitors like Walmart...
Elon Musk’s woes keep mounting. This time, it appears that employees at the founder’s SpaceX facilities are getting injured at much higher rates...
The Federal Trade Commission (FTC) said in a statement on Monday that it has sued to block Tapestry’s $8.5 billion deal to acquire Capri. Read...
Smucker’s Uncrustables is poised to become a $1 billion business, according to Sherwood. Read more...
As return-to-office mandates shift how workers structure their days and lives, fashion retailer Uniqlo thinks it stands to get a boost from young...
Nike has spent a great deal of time looking to innovate, but now it wants to get back to the basics by focusing on its running shoe catalog.Read...
U.S. fashion retailer Express has filed for Chapter 11 bankruptcy and plans to close over 100 stores as it looks to devise a new merchandising...
Lululemon is in the process of closing down its distribution center in Washington and laying off 128 employees, according to a WARN filing submitted...
Nordstrom’s founding family is seriously considering going private (again) and it has formed a special committee to evaluate any bids.Read more...
Netflix’s CEO Greg Peters believes the streaming giant can lean on generative AI to expand its storytelling capabilities — but remains vague on...
Netflix plans to eventually phase out reporting membership data — and the move has investors a bit puzzled.Read more...
Adidas’ profit is being buoyed by its controversial Yeezy collection. Amazon says its Dash Cart technology uses AI, not humans, to monitor shoppers....
Starbucks is redesigning its cold drink plastic cups as part of its bid to trim its environmental footprint in half by 2030, the company said in a...
Password crackdowns are working really well for Netflix — in fact, the media streaming giant added millions of new subscribers because of it. Read...
Uber riders may be getting to their destinations, but they’re leaving behind some pretty unique items. Read more...
Amazon is confident other retailers want its smart shopping technology, and it insists it doesn’t spy on shoppers. Read more...
Boeing is trying to make amends with United Airlines. On Wednesday, the airline said it had reached an agreement with Boeing that would compensate it...
Seafood chain Red Lobster could be preparing to file for bankruptcy soon. Bloomberg, citing unnamed sources with knowledge of the situation, reported...
The super rich are keeping their distance from superyachts, at least for the moment. Read more...
Even Boeing can’t keep United Airlines down. The airline reported strong travel demand and a rebound in business travel during its first quarter...
Adidas is on a better-than-usual run. The sporting goods company raised its full year guidance after it posted a better-than-expected performance...
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