From FedEx to airlines, companies are starting to lose their pricing power
A FedEx worker delivers packages in New York, May 9, 2022.Andrew Kelly | ReutersAfter years of unbridled consumer spending on ...
Tag: Retail industry
Nike, Foot Locker shares sink after athletic apparel maker cuts revenue outlook
Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer ...
Rite Aid to be barred from using facial recognition under proposed FTC settlement
The Federal Trade Commission proposed to bar Rite Aid from using facial recognition software in its drugstores for five years ...
Nike sinks 12% after it slashes sales outlook, unveils $2 billion in cost cuts
Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered ...
Vans owner VF Corp. shares tumble as it says cyberattack could hamper holiday fulfillment
A Vans store is seen in Hong Kong.Budrul Chukrut | LightRocket | Getty ImagesShares of The North Face and Vans ...
Pro pickleball players band together as chaos, a merger and pay cuts grip the sport
Major League Pickleball finals at Pickle & Chill on October 16, 2022 in Columbus, Ohio.Emilee Chinn | Getty ImagesDozens of ...
Amazon wins $270 million tax fight with the EU
Products are seen on a conveyor belt at an Amazon fulfillment center where they are being sorted and shipped out ...
Macy’s receives $5.8 billion buyout offer, sources say
People wait in line outside Macy's before opening on "Black Friday" in New York City on November 24, 2023. The ...
Here are the 3 top risks facing McDonald’s heading into 2024
The Ronald McDonald balloon floats down Central Park West during the Macy's Thanksgiving Day Parade on November 23, 2023, in ...
Retail lobby group’s retraction of key crime claim shows how hard it is to track theft
The leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after ...
