In a recent move to tackle the growing issue of retail crime in California, Gov. Gavin Newsom has signed 10 new bills into law. These laws are targeted at various aspects of retail crime, including shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. Retailers have been advocating for
Business
Starbucks, the popular coffee giant, is facing significant challenges with its operational issues, particularly in handling a large volume of mobile orders. As incoming CEO Brian Niccol prepares to take on the role on Sept. 9, he will need to address the ongoing struggles faced by the company to turnaround its lagging sales. With mobile
SpaceX is gearing up to launch its highly anticipated private mission, Polaris Dawn, at the end of the month. This mission marks a significant milestone in the realm of space exploration as it includes the first-ever spacewalk attempt by a private venture. The brainchild of billionaire and Shift4 founder Jared Isaacman, the Polaris Dawn mission
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy has resulted in a monumental success with “Deadpool & Wolverine.” Breaking records left and right, the Disney and Marvel film has now become the highest-grossing R-rated title of all time, dethroning Warner Bros.’ “Joker.” With over $1.085 billion in global box office revenue, it is
CEO Doug McMillon recently disclosed that the prices of numerous groceries and other items have actually decreased at Walmart. However, this statement comes with a caveat – inflation is proving to be more stubborn in certain areas of the store, particularly in the aisles dedicated to dry groceries and processed foods. These categories include popular
Starbucks has made a bold move by offering incoming CEO and Chair Brian Niccol a substantial increase in compensation in order to entice him away from his previous position as chief executive at Chipotle Mexican Grill. Niccol is set to officially begin his new role at the coffee giant on September 9th, with the challenging
The Federal Reserve’s potential interest rate cut has significant implications for businesses like Home Depot. Chief Financial Officer Richard McPhail highlighted how homeowners are delaying moving into new homes or embarking on major projects due to the current high interest rates. This delay is fueled by the expectation that interest rates will decrease in the
In a surprising turn of events, Blink Fitness, a budget-friendly gym chain owned by luxury fitness company Equinox Group, has recently filed for Chapter 11 bankruptcy protection. This decision comes amidst a wave of similar bankruptcies in the fitness industry post-pandemic, including notable names like New York Sports Club, 24 Hour Fitness, and Gold’s Gym.
Restaurant CEOs have been emphasizing the word “value” in their discussions with investors as a means to address the decline in sales. This trend is evident across the industry, with CEOs from major companies such as McDonald’s, Yum Brands, and Papa John’s, all stressing the importance of value in their recent conference calls. The focus
Amidst the discontinuation of an older version of its Ram 1500 pickup truck in Michigan, automaker Stellantis has announced plans to indefinitely lay off up to 2,450 U.S. factory workers later this year. This decision comes as the company shifts its focus to the production of a new generation of the Ram 1500, leaving the