retailers
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Tech
Costco’s membership card scanners are already paying off
Costco’s introduction of membership card scanners at the front of US stores is still rolling out, but the move is already paying…
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Business
CVS replaces CEO Karen Lynch with David Joyner as shares tank
CVS Health on Friday replaced CEO Karen Lynch with David Joyner, a CVS veteran who retired before returning to the company…
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Business
True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales
True Value filed for Chapter 11 bankruptcy on Monday and is seeking to sell the 75-year-old business to a rival…
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Business
Billionaire ex-Harrods boss Mohamed Al Fayed linked to 40 new sex abuse allegations
British police said on Friday they had recorded 40 new allegations linked to former Harrods department store owner Mohamed Al Fayed following…
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Business
Nike sales slump 10%, shares plunge as new CEO faces massive challenge
Nike withdrew its annual revenue forecast on Tuesday and missed estimates for quarterly revenue as the sportswear giant battles weak footwear demand amid…
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Business
Tupperware files for bankruptcy as its colorful containers lose relevance
Tupperware Brands Corp. and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, giving in to dwindling demand…
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Business
Tupperware planning to file for bankruptcy as it struggles with $700M debt: report
Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported Monday, citing people with knowledge of…
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Business
Struggling Big Lots preparing bankruptcy filing, will sell stores: report
Discount home goods retailer Big Lots is preparing to file for bankruptcy as early as this Sunday and plans to sell…
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Business
Walmart founder’s daughter Alice Walton takes titles of world’s richest woman over L’Oreal cosmetics heiress
The daughter of Walmart founder Sam Walton has assumed the title of world’s richest woman — taking the top spot…
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Business
Lowe’s becomes latest company to end DEI policies
Home improvement retailer Lowe’s has scrapped some of its diversity, equity and inclusion programs, becoming the latest US firm to modify such…
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