Cava earnings beat estimates as restaurant traffic climbs nearly 10%
The Mediterranean restaurant chain Cava said its fiscal second-quarter traffic climbed 9.5%, bucking industry trends. Source link
Read More
Retail industry
Peloton to start charging subscribers with used equipment $95 activation fee
The secondary market represents a unique opportunity for Peloton to generate new, high-margin subscription revenue without any upfront cost. Source
Read More
As strength training gets more popular, Peloton and Planet Fitness shift focus
With more women and young people opting for weights at the gym, both Peloton and Planet Fitness are expanding investments
Read More
Macy’s cuts sales forecast as department stores struggle to draw shoppers
Macy's beat quarterly earnings expectations but it cut its sales forecast for the full year. Source link
Read More
Target will report earnings before the bell. Here’s what to expect
Sales at the cheap chic retailer Target have gotten hit as consumers buy less discretionary merchandise. Source link
Read More
Beyoncé launches whiskey line with LVMH’s Moët Hennessy
As Moët Hennessy expands in the American whiskey market, SirDavis also serves to honor Beyoncé's heritage. Source link
Read More
California cracks down on organized retail crime with new package of laws
Retailers have called on governments to do more to combat retail theft, citing it as a growing challenge that's impacted
Read More
To fix Starbucks, incoming CEO Brian Niccol will have to tackle its mobile app problem
When Brian Niccol steps in as CEO of Starbucks, he'll be tasked with fixing the chain's operational issues. Source link
Read More
Here’s why Walgreens and CVS retail pharmacies are struggling — and what they’re doing to fix it
Drugstores remain an important fixture of the U.S. health-care system that tens of millions of Americans rely on, but they
Read More