Workers retrieve boxes at an Amazon fulfillment center on Prime Day in Raleigh, North Carolina, U.S., on Monday, June 21, 2021. Rachel Jessen | Bloomberg | Getty Images Online spending in the U.S. surged by 6.1% to reach $12.7 billion during Amazon’s Prime Day promotion, as consumers eagerly took advantage of discounted home goods and …
The recent decision by the U.S. Supreme Court to strike down student debt forgiveness has not only reintroduced a significant expense into the budgets of millions of Americans, but it has also posed a new challenge for retailers trying to anticipate consumer spending patterns. The court’s ruling has halted President Joe Biden’s plan to forgive …
In the face of attacks on businesses for their support of the LGBTQ+ community, companies are finding themselves caught between expressing their values and risking backlash, including violence, from a small yet vocal segment of their customer base. Boycotts against companies like Anheuser-Busch, Target, and Disney have resulted in significant public relations issues, market share …
Marchers with Starbucks paraded through the iconic intersection of Hollywood and Highland during the annual Pride Parade in Los Angeles on June 12, 2022 (David Mcnew | Getty Images). Strikes have begun at certain Starbucks stores in Seattle, following a public dispute between the coffee giant and the baristas’ union over claims of the company …
Amazon has announced that its annual Prime Day mega sale will take place on July 11 and 12. This year, they are introducing invite-only deals for members of their Prime subscription club. These exclusive discounts will be available for items that tend to sell out quickly. Additionally, Amazon’s Buy with Prime program will enable third-party …
Discover the companies that are generating buzz in premarket trading. Target — The retail giant experienced a 0.6% increase after announcing a 1.9% dividend raise, equivalent to 2 cents per share, bringing it to $1.10 per share. Cognyte Software — This software company witnessed a 5.6% rise in premarket trading following its quarterly report. Cognyte …
Nearly all Americans are reducing their spending in some way, according to a recent survey conducted by CNBC and Morning Consult. The survey reveals that 92% of Americans are cutting back on their expenses, providing further evidence of cautious consumer behavior during the first quarter. Retailers like Walmart, Target, Home Depot, and Best Buy have …
CNN reports that big-box stores and shopping malls in the US have untapped potential for solar power, which could help reduce dependency on fossil fuels, lower emissions, and save companies money. For example, the installation of solar panels on the roof and parking lot at an IKEA store in Baltimore reduced energy costs by 57% …
CAVA, at the New York Stock Exchange during its initial public offering, June 14, 2023. Source: NYSE Discover the noteworthy companies making significant moves in the middle of the day. Cava Group — Shares experienced an impressive 91% surge during midday trading on its first day as a publicly traded company. Cava Group set its …
A captivating display of Modelo Especial beer in the vibrant borough of Brooklyn, New York, U.S., on Tuesday, November 23, 2021. Gabby Jones | Bloomberg | Getty Images Last month, Bud Light relinquished its leading position in the U.S. beer market due to a decline in sales. This decline was largely attributed to the controversy …