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Consumers Are Spending Like It's 2019
Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link
SoftBank Chip Unit Arm Files for IPO Likely to Be 2023's Biggest
Arm raised lofty expectations for its business overall but faces near-term market challenges. Source link
How Kroger Became the Biggest Sushi Seller in America
Millions of shoppers agree: It’s OK to eat supermarket sushi. At U.S. retailers, sales are up over 70% in the past year. Source link
A Rare Look Into the Finances of Elon Musk's Secretive SpaceX
The rocket company and satellite operator narrowed its loss to $559 million in 2022. Costs increased, but revenues rose faster. Source link
Why a Zara Bet Big on the Maxi Dress This Summer
Fashion retailer arms managers with bevy of data, and authority to act on it, in bid to keep ahead of rivals Source link
Target Sales Are Punished by Pride Month Backlash
The retailer lowered profit goals for the year, and executives said they would modify the annual Pride Month promotion. Source link
Home Depot's Inflation Pressures Ease
CEO Ted Decker says costs are improving as suppliers demand fewer price increases. Source link
A Table Outside? More Diners Say No Way
Restaurants say a combination of heat and smoke has hurt their outdoor dining business. Source link
China's Worsening Economy Is Hurting Corporate America
Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom. Source link
News Corp Swings to Loss Amid Revenue Drop, Book-Publishing Struggles
CEO says news publisher is in talks with AI companies to establish the value of its content. Source link