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China’s Uneven Recovery May Deepen Demand Worries for U.S. Luxury Goods Makers
The recovery of China’s luxury market is slower than expected, which could impact U.S. luxury brands like Capri and Estee Lauder, leading to a hit on their sales….
Three Big Trends Impacting the Beauty Industry Right Now
The beauty industry is experiencing three significant trends that will shape its future. Firstly, the way marketing is conducted has changed, with a focus on engagement and entertainment…
Coffee Chains Are Betting Big on Cold Drinks as Gen Z Turns Its Back on Old-School Coffees
Coffee chains like Starbucks and Tim Hortons are witnessing a growing trend among customers, particularly from the younger generation, who are favoring cold drinks and iced coffees over…
Beyond Meat Stock Slides More Than 20% After Company Reports Weak Sales, Cuts Forecast
Beyond Meat’s stock fell over 20% after the company reported weak sales, revised down its full-year revenue forecast, and postponed its goal of achieving positive cash flow in…
Companies Say Organized Retail Crime Is on the Rise, but There’s No Data To Prove It
Retailers are raising concerns about organized retail theft affecting their profits, but there’s a lack of concrete data to validate these claims. Many companies have cited shrink, which…
Target Will Now Let You Add Starbucks to Your Curbside Delivery Order, but There’s a Catch — You Have To Buy Something From Target
Target is introducing an option for customers to order Starbucks food and beverages for curbside delivery through its Drive Up service. This feature is being rolled out nationwide…
McDonald’s ‘As Featured in Meal’ Reminds Customers That Marvel’s ‘Loki’ Is Just Its Latest Cameo
McDonald’s is launching a new “As Featured In Meal” as part of its successful “Famous Order” platform, which includes meals inspired by celebrity orders. This new combo meal,…
New DoorDash Customers Are Turning to the App for Grocery Deliveries and Flowers, Not Just Restaurant Meals
DoorDash is experiencing a rise in orders from new customers seeking non-restaurant items such as groceries and flowers, with CEO Tony Xu noting that the company attracts more…
Tyson Foods To Shut Four US Chicken Plants in Blow To Small Towns
Tyson Foods, the largest U.S. meat producer, has announced the closure of four chicken plants located in Arkansas, Indiana, and Missouri. The decision, which will cut almost 3,000…
How Amazon Came To Dominate the US Beauty E-Commerce Market
Amazon’s dominance in the U.S. beauty and personal care e-commerce market continues to grow, with the company leading across all 11 categories and gaining market share in most…
The Robots Are Coming — And the Companies Building Them Are Looking For Workers
As automation is expected to impact certain jobs in the future, companies adopting robots in manufacturing, kitchens, and delivery are creating opportunities for workers to participate in building…
Hanesbrands Faces Pressure From Activist Barington Capital Group, Which Wants To See Costs and Debt Cut
Barington Capital Group, an activist investment firm, is urging Hanesbrands, a well-known apparel maker, to cut costs, generate cash, and potentially select a new CEO in response to…
There’s a Restaurant in Mexico Called In-I-Nout That Sells Its Own Version of a Double-Double and Animal-Style Fries. In-N-Out Does Not Seem Happy About It.
In-N-Out, the popular fast-food chain, may be pursuing legal action against a burger joint named In-I-Nout in Sinaloa, Mexico, for its striking similarities in menu items, branding, and…
A Burger King Worker Who Says He’s Never Missed a Day of Work in 27 Years Has Been Given $400,000 in Crowdfunding Donations After Going Viral on TikTok
A Burger King worker, Kevin Ford, who went viral on TikTok for his 27 years of never missing a day of work, has received $400,000 in crowdfunding donations…
Olaplex Is Losing Favor With Its Most Critical Ambassadors – Hairstylists. Sales at Salons Are Down 61%.
Haircare brand Olaplex is facing a decline in sales, especially through hair salons, with a 61% drop in sales from this channel during the second quarter of the…
Under Armour Posts Surprise Profit on Easing Cost Pressures
Sportswear maker Under Armour reported a surprise first-quarter profit and exceeded sales expectations due to reduced cost pressures and increased discounts that boosted demand for its clothing and…
Solo Brands Expands Wholesale, Leveling Seasonality and Creating New DTC Customers
Solo Brands, a digitally native company, is expanding its wholesale operations to drive growth and level seasonality. The company has chosen to lean into its existing wholesale customer…
Behind the Rise of GU: The Uniqlo Offshoot Loved by Millennials and Gen Z Is the Latest Cool-Kid Brand
GU, a sister brand of Uniqlo, is gaining popularity among millennials and Gen Z shoppers for its stylish and affordable clothing. Owned by the Japanese retailer Fast Retailing…
No More Freebies: Companies Crack Down on Customer Perks and Rewards
Companies are cutting back on customer perks and rewards as they seek higher margins and reevaluate their strategies after the COVID-19 pandemic. Airlines are making it harder to…
Another Robot Will Take Your Order Now. White Castle Joins 7 Other Fast-Food Restaurants Using AI at the Drive-Thru — See the Full List.
White Castle is deploying AI-powered voice bots in 100 drive-thru lanes by the end of 2024, joining a growing list of fast-food chains adopting automation tools to alleviate…
Beyond Meat’s Newest Ad Targets Meat Industry Attacks About Plant-Based Food Being Ultra-Processed and Unhealthy
Beyond Meat has launched a new ad titled “There’s Goodness Here” to counter criticisms from the meat industry about plant-based meats being ultra-processed and unhealthy. The ad features…
MrBeast Sabotaged His Own Burger Brand, His Restaurant Partner Claims in a New Lawsuit. The YouTube Star Recently Sued the Ghost Kitchen Operator, Accusing It of Making ‘Terrible Quality’ Food.
Virtual Dining Concepts (VDC), the restaurant company behind MrBeast Burger, has countersued YouTube star Jimmy Donaldson (MrBeast) for breach of contract, alleging that Donaldson used his massive online…
Instacart Shoppers Say the Highest-Earning Orders Are Getting More Extreme, With Demands Like 72-Mile Drives
Instacart shoppers are reporting that the highest-earning orders on the app have become more extreme, requiring them to shop for hundreds of items or drive over an hour…
Amazon Results Could Bode Well for Rival Retailers Walmart, Target
Amazon’s strong quarterly results, with a 4.2% increase in sales on Amazon.com and a 6.4% jump in sales at its physical store operations, indicate that Americans are still…
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