How private equity rolled Red Lobster
When a private-equity firm bought the iconic seafood chain in 2014, it sold the real estate under the restaurants for
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Retail industry
Walmart, Capital One end consumer credit card agreement
Walmart and Capital One announced Friday that they've ended their consumer credit card agreement, which began in 2018. Source link
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British retail sales plunge 2.3% in April, missing estimates
U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics said Friday.
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E.l.f. Beauty posts first $1 billion year, but shares fall on weaker-than-expected guidance
E.l.f. Beauty grew sales in the high double-digit percentages again, but it expects that growth to start to moderate in
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McDonald’s franchisee group says $5 value meal can’t last without company investment
The $5 value meal will hit menu boards beginning June 25 and will last roughly a month. Source link
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Peloton shares drop after it announces refinancing to stave off cash crunch
Peloton is in the midst of a broad restructuring as it looks to align the size of its business with
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Some consumers are punting big purchases like pools and mattresses
There are some signs that shoppers are holding off on big-ticket buys, the latest signal of the economy contracting at
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Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
Stellantis' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker, the company
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Latest shipping data reveals that mid-range retail is the new consumer price sweet spot
Retailers are converging on 'middle-price-point' items as the best way to reach consumers, a new CNBC Supply Chain Survey shows.
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