Sheldon Cooper | Lightrocket | Getty Images Amazon customer service representatives this weekend have been inundated with inquiries from customers who received perplexing email confirmations about unauthorized gift card purchases. Several customers on social media reported receiving three consecutive emails, some on Saturday night and others on Sunday morning, thanking them for purchases of Google …
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters The Paris public prosecutor’s office is currently investigating the CEO of LVMH, Bernard Arnault, regarding financial transactions involving Russian oligarch Nikolai Sarkisov. …
The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020.Chona Kasinger | Bloomberg | Getty Images Big Food Pivots to Snacks as Kellogg’s Spins Off Cereal Business and Renames Itself Kellanova For over a century, Kellogg’s has …
Blue Apron, the meal kit business, has agreed to be sold to food and restaurant company Wonder Group for $103 million. This deal represents a premium from Blue Apron’s previous per-share price and comes after the company’s recent transition to a more asset-light business model. Blue Apron has faced strategic difficulties in recent years, despite …
A GameStop location on 6th Avenue in New York on March 23, 2021. View Press | Corbis News | Getty Images Just hours after being named GameStop‘s CEO, Ryan Cohen sent out a memo to employees Thursday that emphasized he will take dramatic steps to ensure the struggling video game retailer survives. “Our job is …
GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman, and president effective immediately — and he won’t be collecting a salary. Shares of the company fell 1.8%. GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive …
Costco reported quarterly earnings that exceeded Wall Street’s expectations. Despite a decrease in sales of big-ticket items, the membership club saw an increase in shoppers purchasing groceries. This resulted in a rise in traffic to Costco’s stores, with a 5.2% increase worldwide and 5% in the U.S. However, the average transaction amount dropped by nearly …
Kyoto’s flat geography makes it perfect for long strolls. During my three-month trip in May, I found it incredibly easy to navigate the city using bustling Shijo Street, also known as Shijo-dori. I covered almost 130 miles on foot, from running errands to exploring popular attractions like Nijo Castle and Kiyomizudera. Kyoto’s traditional businesses and …
China’s homegrown C919 passenger jet departs Shanghai Hongqiao International Airport for Beijing Capital International Airport during its maiden commercial flight in Shanghai on May 28, 2023. VCG | Getty Images Outbound travel from China is experiencing a surge ahead of the first “Golden Week” holiday period since international travel resumed, despite China’s slowed economic growth. …
A McDonald’s golden arches logo is seen at a franchise restaurant owned by Rippon Family Restaurants. Paul Weaver | Lightrocket | Getty Images McDonald’s franchisees who add new restaurants will soon have to pay higher royalty fees. The fast-food giant is raising those fees from 4% to 5%, starting Jan. 1. It marks the first …