Louis Conforti, CEO of Washington Prime Group, on CNBC’s Mad Money. Source: CNBC A US mall owner Washington Prime Group is preparing to file for Chapter 11 bankruptcy protection, and time is …
Read More »Altria asks FDA to spread the word that nicotine does not cause cancer: report
A Marlboro cigarette. Daniel Acker | Bloomberg | fake images Marlboro’s mother Altria is asking the Food and Drug Administration to help spread the word that nicotine does not cause cancer. Bloomberg …
Read More »Buyers are ready to try new brands
Bed Bath & Beyond CEO Mark Tritton says shoppers are increasingly skipping national brands and looking to try private labels, which are often less expensive. “In 2020 alone, we’ve seen a migration …
Read More »Disney to close 20% of Disney stores as it shifts its focus to e-commerce
Disney said Wednesday that it will close 20% of its physical Disney Store stores before the end of the year as part of a greater focus on its e-commerce business. At least …
Read More »Walmart to Support U.S. Manufacturers with $ 350 Billion of Additional Business
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday …
Read More »Nordstrom (JWN) Reports Fourth Quarter 2020 Earnings
A Nordstrom store in Irvine, California. Scott Mlyn | CNBC Nordstrom reported fourth-quarter sales and earnings Tuesday that beat analyst estimates, thanks to increased demand from online shoppers and the growth of …
Read More »Kohl’s says it has no plans to sell more real estate and re-lease it
Exterior view of a Kohl’s store in Miramar, Florida. Johnny Louis | fake images Kohl’s said Tuesday that it does not plan to sell any of its real estate and then lease …
Read More »Target to invest $ 4 billion to accelerate new stores, expand supply chain
A person wearing a protective mask walks past a Target Corp. store at the Grossmont Center mall in La Mesa, California, U.S., on Thursday, Feb. 11, 2021. Bing Guan | Bloomberg | …
Read More »Kohl’s Says It Added 2 Million New Customers In 2020, Thanks To Amazon
Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Kyle Grillot | Bloomberg | fake images Kohl’s said it added …
Read More »Taco Bell Owner Yum Brands Buys Artificial Intelligence Business To Improve Marketing
A Taco Bell restaurant in Laguna Beach, California. Scott Mlyn | CNBC Yum Brands announced Tuesday that it has acquired Kvantum, a company that uses artificial intelligence for consumer insights and marketing …
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