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Retail industry

Coach owner Tapestry to acquire Capri Holdings in $8.5 billion deal

by Anas Siddiqui
Coach owner Tapestry to acquire Capri Holdings in .5 billion deal

Tapestry, the fashion conglomerate behind Coach and Kate Spade, will acquire competitor Capri Holdings in a $8.5 billion deal announced Thursday.  The transaction will create an American fashion giant that …

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College spending could boost retail sales

by Anas Siddiqui
College spending could boost retail sales

People walk on the campus of the University of North Carolina Chapel Hill on June 29, 2023 in Chapel Hill, North Carolina. Eros Hoagland | Getty Images Over the past …

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Target to add Starbucks curbside pickup across the country

by Anas Siddiqui
Target to add Starbucks curbside pickup across the country

A worker delivers an order to a drive-up customer at a Target store in Miami, Florida, Aug. 19, 2020. Joe Raedle | Getty Images Target is looking to jolt sales …

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Theft claims are hard to prove

by Anas Siddiqui
Theft claims are hard to prove

This is part one of a three-part series on organized retail crime. The stories will examine the claims retailers make about how theft is affecting their business and the actions …

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Beyond Meat BYND stock falls after earnings report, forecast cut

by Anas Siddiqui
Beyond Meat BYND stock falls after earnings report, forecast cut

Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, are shown for sale at a market in Encinitas, California. Mike Blake | Reuters Beyond Meat’s stock tumbled in morning …

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Restaurant Brands International (QSR) Q2 2023 earnings

by Anas Siddiqui
Restaurant Brands International (QSR) Q2 2023 earnings

Burger King fast food restaurant with menu and customers. Jeff Greenberg | Universal Images Group | Getty Images Restaurant Brands International on Tuesday reported double-digit same-store sales growth at Burger …

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Hanesbrands faces activist pressure from Barington Capital Group

by Anas Siddiqui
Hanesbrands faces activist pressure from Barington Capital Group

A customer at a Target store in Chicago, Illinois shops for Hanes underwear Tannen Maury | Bloomberg | Getty Images Activist investment firm Barington Capital Group is pressuring Hanesbrands to …

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JPMorgan names stocks set to outperform in ‘pole position’ sector

by Walter Watson
JPMorgan names stocks set to outperform in ‘pole position’ sector

Analysts at JPMorgan named five global stocks in a sector they described as being in “pole position,” following the Federal Reserve ‘s latest rate hike. On July 26, the Fed …

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Automation could reduce jobs but employment will grow in making robots

by Anas Siddiqui
Automation could reduce jobs but employment will grow in making robots

There’s no denying automation will eliminate certain jobs in the coming years. But as companies adopt robots on manufacturing floors, in kitchens and on delivery routes, workers have a growing …

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Tesla faces California class action on its EV range claims

by Edgar Davis
Tesla faces California class action on its EV range claims

A Tesla electric car is plugged into a recharging terminal at a Healthy Living Market store in South Burlington, Vermont, June 18, 2023. Robert Nickelsberg | Getty Images Three Tesla owners …

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