Peloton says it’s slashing 780 jobs, closing stores and hiking prices
Peloton is slashing about 780 jobs, closing a significant number of its retail stores and hiking the prices of some
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Shopping malls
Convenience store chain 7-Eleven cuts 880 corporate jobs as part of restructuring
Convenience store chain 7-Eleven has cut 880 jobs in the United States, CNBC has learned. Source link
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Peloton competitor Tonal cuts 35% of workforce as it prepares for possible recession, IPO
Tonal CEO Aly Orady said the company is trying to become profitable so that it can successfully go public. Source
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Soaring rents and electricity prices are squeezing Singapore retailers’ margins
Retail businesses in Singapore are grappling with higher costs as rents rise and energy prices soar. Source link
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Kohl’s says a real estate sale is on the table after scrapping deal talks
Kohl's might not be selling its business after all. But it's now looking to sell some of its real estate.
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Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group, sources say
This decision from Kohl's comes as its stock price slumps and its sales decline. Source link
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The retail industry is facing a potential wave of bankruptcies – here’s why
Last week, Revlon became the first consumer-facing name in months to file for bankruptcy. Now the questions are: Which retailer
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Warehouse giant Prologis, a major Amazon landlord, to buy rival Duke Realty in $26 billion deal
This comes after Duke Realty in May rejected a nearly $24 billion buyout offer from Prologis, calling it insufficient. Source
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The biggest mall owner in the U.S. hopes to create a new sales holiday as inflation surges
CNBC spoke with Simon Property Group CEO David Simon about this weekend's event, the state of the retail industry and
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