Alibaba Says Chairman and CEO Daniel Zhang Will Be Replaced
Alibaba is reshuffling its top executives, with current Vice Chairman Joseph Tsai taking over as chairman from Daniel Zhang while...
Retail
These Pandemic-Era Habits Just Won’t Die
From how we shop and work to how we connect with others, the pandemic greatly accelerated our adoption of some...
Ticketmaster, SeatGeek to Show Full Ticket Prices Up Front as Biden Targets ‘Junk Fees’
Two of the biggest U.S. ticket sellers plan to change how they display prices to concertgoers, moves aimed at simplifying...
Stitch Fix Taps Former Macy’s, Walmart Exec as CEO
Matt Baer will lead the fashion company as it cuts costs, alters operations. Source link
Nike Broke Up With Retailers. Now It’s Trying to Win Them Back.
The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets. Source link
Dispute Erupts Over Former Zappos CEO Tony Hsieh’s Happiness Brand
A friend of former Zappos CEO Tony Hsieh is suing the entrepreneur’s estate over ownership of the Delivering Happiness business....
GameStop Shares Fall as It Terminates CEO and Ryan Cohen Becomes Executive Chairman
Chief Executive Matt Furlong is out at the videogame and consumer-electronics retailer. Source link
The Global Brands Coming to a Shopping Mall Near You
American consumers have long been renowned for their spending power. Now global retailers want a bigger slice of the action....
Retailers Are Shrinking Logistics Operations in a Changing Consumer Market
Some companies are dropping distribution centers as warehouse employment reaches a 17-month low. Source link
A Onetime Paper Maker Is Now the King of Lithium
Charlotte, N.C.-based Albemarle, which began as a paper mill in 1887, has become a key cog in a tight global...
A Chinese Alternative to Bloomberg Terminals Quietly Limits Information Overseas
E-commerce shopping trends and satellite images are no longer available to foreign users of Wind, clouding their view of the...
Kohl’s, Costco, Lowe’s Sales Sluggish as Shoppers Pull Back
Consumer wariness constrains earnings for retailers Dick’s, e.l.f. Beauty and Williams-Sonoma. Source link
Target Lands in Culture-War Crosshairs Over Pride Month
The retailer’s halt to its sale of some Gay Pride items fuels criticism it gave in to pressure from anti-LGBT...
Bargain Hunters Turn to Walmart, Boosting Sales
The nation’s largest retailer said sales from stores and digital channels operating at least 12 months grew 7.4% for the...
Americans Curb Spending on Home Improvements
Home Depot warned that its annual sales will fall for first time since 2009. The company said demand for home-improvement...
Peloton Recalls 2.2 Million Bikes, Customers Told to Immediately Stop Using Them
The Consumer Product Safety Commission said people should immediately stop using the bikes. Source link
SoftBank Says Goodbye to Alibaba, Hello to More AI Investments
ShareListen(1 min) Source link
Why Is Inflation So Sticky? It Could Be Corporate Profits
Inflation has proved more stubborn than central banks bargained for when prices started surging two years ago. Now some economists...
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
The Glory Days of the American Mall
In the 1980s, malls weren’t just planters and parking lots but a way of life. Source link
