GameStop’s survival demands ‘extreme frugality,’ CEO Ryan Cohen tells employees
A GameStop location on 6th Avenue in New York on March 23, 2021.View Press | Corbis News | Getty ImagesJust ...
Tag: Retail industry
GameStop names Ryan Cohen as CEO effective immediately, won’t receive salary
GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer's chief executive, ...
Costco tops quarterly earnings expectations, even as sales remain soft
Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries ...
FTC and 17 states sue Amazon on antitrust charges
The Federal Trade Commission has filed its long-anticipated antitrust lawsuit against Amazon.In a sweeping complaint filed in federal court in ...
McDonald’s to raise royalty fees for new franchised restaurants for first time in nearly 30 years
McDonald's franchisees who add new restaurants will soon have to pay higher royalty fees.The fast-food giant is raising those fees ...
Adidas CEO says Kanye West didn’t mean antisemitic remarks, isn’t a bad person
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas CEO Bjorn ...
Retailers are losing $100 billion a year from return fraud, bots and coupon stacking, study says
Oscar Wong | Getty ImagesFor the last three years, Robert has used a different email address to take advantage of ...
Birkenstock warns in IPO filing that knock-offs on Facebook are a top risk
Nordstrom department store display of Birkenstock sandals at the Shops at Merrick Park, Miami.Jeff Greenberg | Universal Images Group | ...
Shrink and theft losses near $1 billion at Lowe’s — here’s how much they’re costing other retailers
A range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits.But ...
Ripple buys crypto infrastructure startup in its second acquisition of 2023
Cryptocurrency company Ripple announced on Friday it will acquire Fortress Trust, a startup specializing in crypto infrastructure, giving it a ...
