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3 mins read
McDonald's is the latest election battleground for Trump and Harris
Presidential candidates have often invoked McDonald's during their runs for the White House, both a…
Alex Bitter
3 mins read
Nike's new CEO was an intern at the brand in 1988. He's now in charge of saving one of the biggest sports apparel legacies in the world.
Over the course of over 30 years, he worked his way up to top management. Management experts say t…
Aditi Bharade
2 mins read
Amazon's new budget line of food products suggests things aren't getting better for the American shopper
A new bargain grocery brand from Amazon suggests US shoppers will be pinching pennies for a while t…
Dominick Reuter
2 mins read
Walmart is now offering price cuts on more than 7,200 items, and it's not done yet
Walmart has cut prices on a wide range of items, and CEO Doug McMillon says brands should "do the r…
Dominick Reuter
4 mins read
These graphs show how much people have cut back on visiting Starbucks — a key driver of its sudden management shake-up
Comparable sales are down in Starbucks' two biggest markets: the US and China. Analysts say it need…
Grace Dean
2 mins read
Shein and Temu shoes and sandals were found with 11 to 229 times the legal limit for toxic substances, South Korean officials say
Shein shoes contained up to 229 times the legal limit of toxic chemicals, the South Korean authorit…
Aditi Bharade
3 mins read
What went disastrously wrong in Laxman Narasimhan's 17 months as CEO of Starbucks
Starbucks CEO Laxman Narasimhan is out after 17 months in the role. His leadership was hit by falli…
Grace Dean
9 mins read
Expensive fishnet flats are the reigning ugly shoes of the summer
Sandals and flip-flops are usually the most popular summer shoes. But this year, fashion fans can't…
Amanda Krause
2 mins read
The top-selling US Prime Day products were random house things
The 48-hour sale has become not just a bellwether for Amazon, but for the retail industry.
Lian Kit Wee
1 min read
Amazon built a big business with tiny orders. Now Walmart is stealing the strategy.
The typical Amazon shopper makes more than 70 purchases per year from the site. Walmart says its me…
Dominick Reuter
2 mins read
Williams-Sonoma to pay $3.1 million after FTC sued it, saying it falsely labeled products as 'Made in USA'
Williams-Sonoma has agreed to stop using "deceptive claims and follow Made in USA requirements," ac…
Lauren Edmonds
8 mins read
A clothing designer says Taylor Swift wearing her skort was the 'ultimate karma' against brands that have ripped her off
Blogilates founder Cassey Ho is an influencer, fashion designer, and Swiftie. She's ecstatic that T…
Amanda Krause
2 mins read
The rapid rise and fall of ghost kitchens
Major brands like Wendy's and Kroger are scaling back ghost kitchen operations due to stress and cu…
Kenneth Niemeyer
3 mins read
A major Burger King franchisee in California says he can't roll out order kiosks fast enough due to the state's new $20 fast-food minimum wage
The franchisee, who owns about 180 fast-food restaurants in California, said he'd already raised pr…
Grace Dean
2 mins read
Best Buy just laid off a bunch of Geek Squad workers
Best Buy CEO Corie Barry hinted at the cuts in February, citing inflationary pressure and investmen…
Dominick Reuter
2 mins read
Walmart is America's grocery king — and no one is close to stealing its crown
Walmart is the biggest grocery retailer in the US by a long shot. Americans spent $264 billion on W…
Dominick Reuter
1 min read
Amazon's average customer is a white Gen X woman who spent $2,662 there last year
Amazon's typical customer is a white woman who earns about $60,000 a year and shops 72 times per ye…
Dominick Reuter
2 mins read
China's food delivery gig workers are driving a $208B business, but couriers have it as bad as factory workers
Despite China's food delivery business doubling in the last three years to $208B, the gig workers f…
Katherine Tangalakis-Lippert
1 min read
Lowe's average customer is a white baby boomer who spent $809 there last year
Lowe's typical customer is a white woman who earns about $60,000 a year, shops nine times per year,…
Dominick Reuter
2 mins read
Costco's average customer shops there at least twice per month and spends around $100 on each visit
Costco's typical customer is a woman in her sixties who earns $60K, shops 30 times per year, and sp…