Consumer

Consumer

TGI Fridays Files for Chapter 11 Bankruptcy

Photo by Kirk Allen via CC BY 3.0

This weekend, TGI Fridays filed for Chapter 11 bankruptcy, making it the latest in its class to raise the white flag.

1 min read

Photo by Roberto Lee Cortes via Pexels

Consumer

Peloton Poaches Ford Exec Who Co-Founded Apple Fitness+ for Top Job

Peloton announced that it has appointed Peter Stern as CEO and president to pedal the company out of its prolonged post-pandemic slump.

1 min read
Photo by Janne Simoes via Unsplash

Consumer

The Spookiest Day of the Year Saved Its Biggest Scare for the Chocolate Biz

The cost of manufacturing chocolate and confectionery from cocoa has risen a terrifying 45% this year, according to the producer price index.

1 min read
Photo by Amin via CC BY-SA 4.0

Consumer

Luckin Coffee is Coming to Starbucks’ Home Turf

China’s biggest coffee chain, Luckin Coffee, is eyeing an American expansion that could undercut the market for $10 chai lattes.

1 min read

Consumer

Hermès Keeps Up Its Luxury Exceptionalism

Photo by Moonik via CC BY-SA 3.0

Hermès reported financial results on Thursday that showed the scarf and handbag maker is doing pretty well.

1 min read

Photo by Mike Mozart via CC BY 2.0

Consumer

Target Fires the Latest Shot in the Retail Value Wars

Target announced it will be slashing the prices of some 2,000 products, including food, beverages, gifts, and other home-holiday essentials.

1 min read
Image Credit: iStock, BackyardProductions

Inflation & Prices

CVS Names New CEO Amid Uncertain Retail Pharmacy Landscape

The leadership change comes as the retail pharmacy industry faces thin profit margins, store closures, and layoffs.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

Walmart AI Analytics Patent Highlights Retailer’s Tech Overhaul

. It may aim to level the playing field with one competitor in particular: Amazon.

2 min read

Consumer

LVMH’s Core Fashion Division Posts First Sales Drop Since COVID-19

Photo by Willian Justen de Vasconcellos via Unsplash

LVMH shares fell 3.7% after it announced that sales at its core division fell for the first time since 2020.

2 min read

Consumer

Climate Change Forces Starbucks Deeper into Coffee R&D

Photo by Shelby Murphy Figueroa via Unsplash

Starbucks is buying two farms in Central America to conduct research on the crop at the heart of its business: coffee.

2 min read

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