Retail News

24 May 2022, 22:40

Best Buy’s CEO says she isn’t planning for a ‘full recession’ — and she’s not alone

In an earnings call Tuesday, Best Buy CEO Corie Barry said that she is "not planning for a full recession."

24 May 2022, 21:10

Walmart recalls ice cream commemorating Juneteenth after receiving a heavy backlash, a report says

Walmart apologized and removed the product from shelves, following criticism that it was capitalizing on the holiday, Fox 7 Austin reported.

24 May 2022, 12:57

Kumar Mangalam Birla’s fashion empire raises ₹2,195 crore from Singapore’s sovereign fund

Kumar Mangalam Birla-owned Aditya Birla Fashion and Retail (ABFRL) today raised ₹2,198 crore from Singapore’s sovereign wealth fund GIC in exchange for 7.5% stake in the company. The fashion retailer houses a large number of Indian and international brands like Sabyasachi, Forever21, Ralph Lauren, Van Heusen, Allen Solly and more.

23 May 2022, 21:28

Starbucks is exiting Russia, following McDonald's lead

The chain's 130 Russian stores make up less than 1% of revenue and were operated by franchisees.

23 May 2022, 00:34

First shipment of baby formula arrives in Indiana as part of Operation Fly Formula, delivering 78,000 pounds of product from Switzerland with more on the way

The much-needed order comes amid a nationwide formula shortage that has led to infant hospitalizations and prompted parents to take extreme measures.

22 May 2022, 20:15

I substituted alcohol with 'Psychedelic Water,' a kava seltzer that's gone viral on TikTok — and found it's the perfect drink for the sober curious

Younger generations are ditching booze and buying alcohol alternatives instead. I tried the viral kava seltzer to see what the hype is all about.

22 May 2022, 20:14

Old Navy's move to sell clothes for every body left a big gap in the middle, a report says

Retailer's decision to offer clothing for women of all body types has been "super-frustrating" for many customers, The Wall Street Journal reports.

22 May 2022, 17:37

Meet Alexander Govor, the Russian businessman who just bought hundreds of McDonald's restaurants after the fast-food chain's exit from the country

Alexander Nemenov/Getty Images.

McDonald's is selling its Russian restaurants to A

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22 May 2022, 13:34

Everyone wants Zelensky's green jacket, but it won't be back in stock until Ukraine's 'victory', company says

Stocks of the fleece are unlikely to be replenished until the war is over, the company that makes the jacket told Insider.

22 May 2022, 12:39

How the founder of the Saint Javelin charity brand worn by Zelenskyy plans to help rebuild Ukraine

Christian Borys launched Saint Javelin stickers and t-shirts before Putin's invasion, and has gone on to raise more than $1 million for charity.

21 May 2022, 17:37

I tried McDonald's breakfast in Canada, and found its longtime compeition with Tim Hortons has led to a large menu full of delicious items

GEOFF ROBINS/AFP via Getty Images.

I tried out the McDonald's breakfast items in Canada that we don't have in th

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21 May 2022, 14:34

A dinosaur skeleton that was only half-real sold at Christie's for $12 million. Paleontologists say it's part of a huge inflation problem driven by invisible, ultra-rich buyers.

"These fossils literally disappear into the collection of some nameless uber-rich person," said paleontologist Steve Brusatte.

21 May 2022, 13:39

Luxury powerhouse LVMH doesn't plan to stop selling fur anytime soon. Its owner's son explains why.

LVMH is experimenting with lab-grown fur fibres but its brands, including Louis Vuitton and Fendi, still sell products made with real fur.

21 May 2022, 13:33

I tried a vegan filet mignon. It's delicious – but fancy plant-based protein is still too pricey for most.

Plant-based protein company Juicy Marbles targets premium cuts of "meat".Grace Dean/Insider.

Juicy Marbles makes what it says i

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20 May 2022, 23:51

Home Depot just crushed earnings. We visited a store and saw first-hand why.

Mary Meisenzahl/Insider.

Home Depot reported a successful first quarter with $1.4 billion in sales growth year over year.
The ch

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20 May 2022, 22:20

CEOs bragged for months about how they could charge higher prices. Customers are now pushing back.

Recent earnings calls from Walmart and Target suggest some US companies may have overdone it with raising prices, pushing shoppers to their limits.

20 May 2022, 18:41

DoorDash has opened its first virtual food hall and ghost kitchen in Brooklyn — see what it's like to eat there

Brittany Chang/Insider.

Doordash opened its first DoorDash Kitchens location in New York City in early May.
The n

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20 May 2022, 16:14

A Family Dollar distribution center where inspectors found 1,100 rodents is permanently shutting down

Federal inspectors said they had found live and dead rodents, dead birds, and animals droppings at the facility in West Memphis, Arkansas.

19 May 2022, 21:46

Starbucks confirms the mobile order feature in its app is down

The company said customers can still order in person, but mobile orders via the app accounted for 25% of the company's total at owned locations last quarter.

19 May 2022, 19:40

Here's what Walmart and Target are saying about soaring food, gas, and labor costs, and what it could mean for prices

"We did not anticipate the rapid shifts we've seen over the last 60 days," Target CEO Brian Cornell said on an earnings call.

19 May 2022, 18:40

Under Armour's CEO is stepping down after 2 years leading the sportswear giant

Under Armour's COO Colin Browne will take over from Patrik Frisk as interim president and CEO until the company finds a permanent successor.

19 May 2022, 17:40

Inside Nike's high-profile gender discrimination lawsuit, where plaintiffs claim unequal pay and more thanks to a 'boys' club' culture

Former female employees sued Nike over alleged gender discrimination in 2018. A judge will soon rule on a motion to make the lawsuit a class action.

TikTok reviewers seem pleasantly surprised at Target's 2022 Pride Collection: 'They actually hired gay people this year'

18 May 2022, 18:14

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