Retail industry
- Procter & Gamble earnings top estimates, but shrinking demand weighs on sales - Procter & Gamble topped Wall Street's estimates for its quarterly earnings, but the company's revenue was weaker than expected.
- India’s largest company is caught in geopolitical tensions. But it faces the biggest challenge at home - The retail business is facing a slow down in sales, which has pushed brokerages to cut down on target price.
- Amazon threatens ‘drastic action’ after Saks bankruptcy, says $475M stake is now worthless - Amazon invested $475 million into Saks's acquisition of Neiman Marcus. It wants a federal judge to reject Saks's bankruptcy plan because it harms creditors.
- Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection - Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
- Walmart teams up with Google's Gemini to make it easier for shoppers to find and buy products - The retail giant also has a similar deal with OpenAI's ChatGPT and has its own AI-powered chatbot, Sparky.
- Saks Global announces new CEO as it reportedly prepares for bankruptcy - The company was created in July 2024 after Hudson's Bay Co. acquired Neiman Marcus.
- These restaurant chains closed locations in 2025 - Chains like Starbucks, Wendy's and Denny's announced plans to close underperforming restaurants in 2025.
- Restaurants' hottest menu item in 2025 was 'value.' That won't change next year - Restaurant chains bet on value in 2025, and they're not likely to ditch the strategy next year.
- Tariffs hit boots, bags and more as leather prices jump — and relief could be years away - Leather prices are expected to continue rising in 2026 as Trump's tariffs crimple a global supply-chain while domestic manufacturing and cattle herds are down.
- Holiday retail spending rose 4.2% this season, driven by e-commerce and electronics: Visa report - U.S. holiday retail spending rose 4.2% as consumers spent more on tech and apparel, with online sales jumping 7.8%, Visa data shows, despite higher prices.