U.S. grocer Kroger said on Monday CEO Rodney McMullen has resigned after a board investigation found that his personal conduct was "inconsistent"
Coach parent Tapestry will buy Michael Kors owner Capri Holdings in a deal valued at $8.5 billion, creating a U.S. fashion powerhouse to challenge larger European rivals for a bigger share of the global luxury market. U.S. luxury firms have consistently lagged their European peers in scale, limiting their ability to compete better. Paris-listed LVMH owns 75 brands, including U.S. jeweler Tiffany and fashion labels Louis Vuitton and Dior. Thursday’s deal will also bring under one roof Tapestry’s more affordable luxury brands Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace labels. “Scale appears to
In a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald's, Chipotle Mexican
Santa Claus may not have as much to give this year because hard up shoppers in Europe and the United States are prioritizing food and
Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black
Nike is starting to lose share to upstart sneaker brands such as On and Hoka and will need to invest in fresher styles, analysts said on Friday,
A positive forecast from retail bellwether Walmart on Thursday signaled a resilient U.S. shopper, in line with earlier remarks by one of its key
(This June 28 story has been corrected to say that Nike is a sponsor of the US Olympic and Paralympic Committee, not the Paris Olympics, in paragraph 10) By Aishwarya Venugopal and Ananya Mariam
Walmart on Thursday said that the U.S. consumer continued to exert caution with their spending in the face of inflation and rising interest
Nike's new CEO is expected to double down on the company's efforts to repair relations with retailers to energize sales, reversing a strategy
CVS Health last week named as CEO a tried-and-tested company veteran, the latest in a handful of firms this year that have turned to an
The number of people infected by the E. coli outbreak tied to McDonald's Quarter Pounder hamburgers increased to 75 from 49, the U.S.
Santa Claus is not delivering as many Christmas trees, toys and decorations to the United States this year as in recent years, import
Walmart on Tuesday raised its annual sales and profit forecast for the third consecutive time, as people bought more groceries and
Americans spent $13.3 billion online on Monday in the United States, according to an Adobe report, as consumers nabbed steep holiday discounts on
Albertsons and Kroger terminated their $25 billion merger plan on Wednesday after courts blocked the deal, with the former suing its rival and alleging
Nucor forecasts first-quarter profit below estimates on lower steel pricing
Development bank clears $500 million for El Salvador after IMF deal
Tesla trade-ins on pace for record high amid Musk backlash
North Korea's Kim oversees test-fire of anti-aircraft missile system
Brazil sees prolonged US tariff talks, minister says, linking ethanol and sugar
Novak Djokovic wanted other players to step up by putting their names on tennis antitrust lawsuit
SIUE's Ray'Sean Taylor broke down in tears after NCAA loss. The chance to play meant that much
Quinta Brunson files for divorce from Jay Anik after three years of marriage
