Exclusive news, analysis, and commentary on consumer-facing sectors, like sellers of clothing, food, and electronics.
A $721 million loss from equity investments in other companies pulled the entire company down to an overall loss of $654 million.
At least one PE firm has reportedly spoken with Peloton as it considers going private, but no deal is certain.
In 2023, roughly 42% of e-commerce orders involved a store acting as a fulfillment hub or a place where consumers can pick up or return items.
The new fundraising comes just a month after Arbol spun up a subsidiary catering to homeowners in US coastal communities
First-quarter revenue rose, but global same-store sales grew just 1.9%, slightly below what Wall Street had predicted.
Tickets start at $195, with passengers treated to free Sweetgreen salads and espresso martinis.
The company says a turnaround will take time as the market for luxury goods cools and China muddles through economic doldrums.
Despite Humane’s lofty dreams to disrupt the smartphone status quo, critics have not been thrilled with the startup’s debut device.
A new survey finds evidence that “the drugs have a meaningful impact on consumer behavior and spending on groceries and restaurants.”
The company’s flagship Modelo brand continues as top dog after surpassing Bud Light in sales last year.
Starting this summer, DoorDash will contribute to savings accounts for its delivery couriers in Pennsylvania.
Chase Bank announced a new advertising unit that will use customer transaction data to target them with ads.
Cocoa futures hit a record high this week of over $10,000 per metric ton — not a great start to the Easter weekend.
The biggest names in the business say they’ll spend $20 million to form a group to encourage responsible gambling.
The partnership is going nationwide after a successful run at 160 McDonald’s locations across Kentucky.
The warmest winter on record in the lower 48 states was unsurprisingly not a good season for companies that rely on snow.
Uber, finally having achieved sustainable levels of market dominance, may just be facing its biggest roadblocks yet.
Gucci’s parent company expects sales to slump by 10%, largely due to a downturn in Chinese demand.
The international consumer giant has decided that an entire ice cream portfolio has just become too costly.
The vacation rental company is ramping up privacy as it continues to battle customer satisfaction issues.