Big discounts equals high pressure for retailers

Big discounts equals high pressure for retailers

Shoppers walk past a sale sign as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Major retailers are under intense pressure to deliver on Black Friday after several of them reported a slowdown in sales heading into the do-or-die holiday shopping season. … Read more

How chains like McDonald’s and mom and pops cope with inflation

How chains like McDonald's and mom and pops cope with inflation

Customers at a McDonald’s restaurant Scott Mlyn | CNBC As the restaurant industry battles inflation, the large size of chains and their access to cash gives them the upper hand, but independents have advantages of their own when managing higher costs. Feeling the pressure on their budgets, consumers have been cutting back on their restaurant … Read more

Walmart (WMT) earnings Q3 2023

Walmart (WMT) earnings Q3 2023

Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images walmart on Tuesday will report its fiscal third-quarter earnings before the bell, as the retail giant caters to inflation-squeezed customers and gears up … Read more

Beyond Meat (BYND) Q3 2022 earnings

Beyond Meat (BYND) Q3 2022 earnings

Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat on Wednesday reported a wider-than-expected loss for its third quarter as demand for its meat substitutes tumbled. CEO Ethan Brown called the results “disappointing” … Read more

Walmart’s request for new trial denied in firing of employee with Down syndrome

Walmart's request for new trial denied in firing of employee with Down syndrome

Marlo Spaeth (left) was fired from Walmart in July 2015, after working there for nearly 16 years. Her sister, Amy Jo Stevenson, has been in a legal battle with the retail giant since then. She filed a discrimination complaint with the US Equal Employment Opportunity Commission. Amy Jo Stevenson A federal judge has rejected Walmart’s … Read more

Here’s how five states voted on the legalization of recreational marijuana

Here's how five states voted on the legalization of recreational marijuana

Marijuana activists hold up a 51-foot inflatable joint during a rally at the US Capitol to call on Congress pass cannabis reform legislation on Tuesday, Oct. 8, 2019. Caroline Brehman | Cq-roll Call, Inc. | Getty Images Voters in two states approved the legalization of recreational marijuana in Tuesday’s elections, joining the growing list of … Read more

Adidas warns of big earnings hit after ending Ye partnership

Adidas warns of big earnings hit after ending Ye partnership

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas on Wednesday cut its full-year guidance on the back of the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended its relationship with Ye, formerly known as Kanye West, … Read more

Sweetgreen tries national dessert — a version of Rice Krispies Treat

Sweetgreen tries national dessert — a version of Rice Krispies Treat

Sweetgreen Crispy Rice Treat Source: Sweetgreen sweetgreen is launching its take on Rice Krispies Treats, its first dessert since 2014. The Crispy Rice Treat is available nationwide starting Monday for $2.95. The prepackaged dessert is made with organic brown rice, quinoa, millet and honey-date caramel. It has190 calories and 6 grams of sugar. Sweetgreen co-founder … Read more

Burger King parent says more customers are redeeming coupons and loyalty rewards

Burger King parent says more customers are redeeming coupons and loyalty rewards

A Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. Justin Sullivan | Getty Images More customers at Burger King and its sister brands are redeeming coupons and loyalty program rewards as inflation pushes menu prices higher. Restaurant Brands International CEO Jose Cil told CNBC that the company hasn’t seen … Read more

Restaurant Brands International (QSR) Q2 2022 earnings

Restaurant Brands International (QSR) Q2 2022 earnings

A sign is posted in front of a Burger King restaurant on February 15, 2022 in Daly City, California. Justin Sullivan | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped Wall Street’s expectations, fueled by international sales growth at Burger King and the recovery of Tim Hortons’ Canadian locations. … Read more