J.C. Penney has apparently made progress in cutting its losses, reporting a $97 million net loss in the third quarter, 41 percent lower than the same period in 2018. Top-line revenues continue to pose
Amazon.com has spent millions of dollars to combat the sale of counterfeit goods in its marketplace. Simultaneously, it has pushed for an expanded selection of low price goods sold through third-party
Rent the Runway and Nordstrom have agreed to create new products together and are incorporating inventory from the department store into the rental subscription service’s system.
Retailers and analysts are among those who expect consumer spending to remain relatively strong over the short term buoyed by the job and credit markets.
As the world’s largest food company, Nestlé faces scrutiny over practices that may help its bottom line but do damage to the environment. Under CEO Mark Schneider, Nestlé is focused more than
The Food and Drug Administration has sent a warning letter to Dollar Tree concerning “multiple violations of current good manufacturing practices at contract manufacturers used to produce Dollar Tre
Sixty-seven percent of Americans now support the legalization of marijuana, up from 62 percent in 2018, according to a new poll from the Pew Research Center. The percentage of people opposed to legali
Warren Buffet’s Berkshire Hathaway acquired 1.2 million shares of RH, the retailer formerly known as Restoration Hardware, in the third quarter. With its stake, Berkshire Hathaway is now the fou
Walmart posted better-than-expected gains in same-store sales during the third quarter as customers spent more in the chain’s physical locations and website. The chain’s same-store sales w