Hits: 19 Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters The Paris public prosecutor’s office …
Toys R Us is planning a brick-and-mortar comeback in the U.S., with up to 24 new flagship stores
Hits: 19 Courtesy: ToysRus Toys R Us is plotting a bold comeback in the U.S., as it plans to expand its brick-and-mortar presence with as many as 24 new flagship stores and a separate rollout at airports and on cruise …
Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Hits: 23 Scott Eisen | Getty Images News | Getty Images Meal kit business Blue Apron announced Friday it has agreed to sell itself to food and restaurant company Wonder Group, founded by entrepreneur Marc Lore, for $103 million. The …
GameStop’s survival demands ‘extreme frugality,’ CEO Ryan Cohen tells employees
Hits: 22 A GameStop location on 6th Avenue in New York on March 23, 2021. View Press | Corbis News | Getty Images Just hours after being named GameStop‘s CEO, Ryan Cohen sent out a memo to employees Thursday that …
Pakistan welcomes fast-fashion brand Boohoo despite poor staff safety claims
Hits: 20 Pakistan welcomes fast-fashion brand Boohoo despite poor staff safety claims Call to set up role comes as report alleges retailer uses factories that violate minimum-wage requirements and workers’ rights Pakistan’s caretaker prime minister, Anwaar-ul-Haq Kakar, has reportedly asked …
Holiday shoppers are getting an early jump on the season, but student loan payments weigh heavily
Hits: 25 Twenty/20 For many Americans, October is a time for seasonal decorating and pumpkin spice lattes. This year, it also marks the resumption of student loan payments at a point when U.S. households are already struggling to make ends …
Peloton shares soar on digital content, apparel partnership with Lululemon
Hits: 24 Jen Van Santvoord rides her Peloton exercise bike at her home in San Anselmo, California. Ezra Shaw | Getty Images Peloton and Lululemon are joining forces. The two companies announced a five-year partnership Wednesday that will bring Peloton’s …
Levi’s Strauss CEO says his biggest mistake was not firing the wrong people fast enough
Hits: 23 Pedestrians walk past a Levi’s store in Midtown Manhattan. Sopa Images | Lightrocket | Getty Images The CEO of the world’s most famous denim jeans company said he knew from his second day on the job that the …
Jim Cramer says the stock market is ‘too negative’
Hits: 20 Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Equities under pressure U.S. stocks fell Tuesday, with the S & P …
These 5 Club stocks have defied the S&P 500’s recent slide
Hits: 25 September has been unkind to stocks – living up to its historical reputation as the weakest month for the S & P 500 . This time around, the bond market has been a major culprit for Wall Street’s …