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September 22, 2021

Retail industry

Victoria’s Secret rival ThirdLove launches into activewear with new sports bra

CNBC
CNBC – For more and to sign up click here ThirdLove says it has been working on its sports bra design and fit for more than two years. Source: ThirdLove Lingerie start-up ThirdLove is hoping to get an even bigger leg up on its biggest rival, Victoria’s Secret, by launching......

Gopuff CEO Yakir Gola says its business model will outlast rivals as instant delivery space grows more crowded

CNBC
CNBC – For more and to sign up click here A bag of groceries with the logo of American on-demand delivery start-up Gopuff. Gopuff As delivery start-ups race one another to be the speediest, Gopuff co-founder and co-CEO Yakir Gola said Tuesday that it has staying power to outlast rivals.......

Stitch Fix shares surge as online styling service reports surprise profit

CNBC
CNBC – For more and to sign up click here The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg......

Lululemon says Mirror CEO stepping down as fitness company searches for successor

CNBC
CNBC – For more and to sign up click here Mirror CEO Brynn Putnam appears on CNBC’s “Squawk Alley”. CNBC Brynn Putnam is stepping down as chief executive of connected fitness company Mirror, which is owned by Lululemon, CNBC has learned. Putnam, a former professional ballet dancer, founded Mirror in......

Large employers launch telemedicine program to tackle Black health disparities

CNBC
CNBC – For more and to sign up click here A patient at Walmart Health Source: Walmart Walmart, the nation’s largest employer, is joining with telemedicine firm Grand Rounds and Doctor on Demand to launch a targeted program to tackle health disparities among African American workers. “We have nearly 300,000......

Rowing start-up Hydrow scores fresh financing from Lizzo, Justin Timberlake, as at-home fitness competition heats up

CNBC
CNBC – For more and to sign up click here Hydrow broadcasts some of its live content for at-home users from instructors rowing out on the water. Source: Hydrow Hydrow, the maker of a connected rowing machine, said Tuesday it has secured nearly $200 million in financing after its latest......

Subway says August sales were the strongest in 8 years after revamping menu

CNBC
CNBC – For more and to sign up click here A Subway Restaurant location in New York, U.S., on Friday, July 2, 2021. Jeenah Moon | Bloomberg | Getty Images Subway’s menu overhaul is yielding early success for the sandwich chain. The company announced Tuesday that August sales for its......

Chipotle will add smoked brisket to its menu for a limited time

CNBC
CNBC – For more and to sign up click here Smoked brisket joins Chipotle Mexican Grill’s menu Source: Chipotle Mexican Grill Chipotle Mexican Grill on Tuesday announced the third new menu item for this year: smoked brisket. The latest meat option will only be available for a limited time. Those......

How buy now, pay later became a $100 billion industry

CNBC
CNBC – For more and to sign up click here Klarna logos displayed on a laptop and phone screen. Jakub Porzycki | NurPhoto via Getty Images Buy now, pay later is having a moment. Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their......

Why digital retail darlings Warby Parker and Allbirds are betting big on stores to grow ahead of public debuts

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CNBC – For more and to sign up click here A Warby Parker’s store in The Standard, Los Angeles, California. Michael Buckner | Getty Images Retail darlings Warby Parker and Allbirds launched on the internet and paved the way for other brands to follow their playbooks and hope for similar......

Delays in return to office add another blow to struggling midtown NYC restaurants

CNBC Real Estate
In August, the Gerber Group’s Manhattan bars and restaurants started hiring more workers in preparation for an influx of customers returning to the offices the following month. The labor crunch meant those restaurants weren’t fully staffed even after the hiring push, which turned out to be a blessing in disguise......

Sears is shutting its last store in Illinois, its home state

CNBC
CNBC – For more and to sign up click here A shopping cart sits in the parking lot of a Sears retail store on March 22, 2017 in Schaumburg, Illinois. Sears Holdings, the parent of Kmart and Sears, Roebuck, & Co., said there is “substantial doubt” about the company’s financial......

Covid restrictions force some retailers to rethink Vietnam as a manufacturing hub

CNBC
CNBC – For more and to sign up click here Workers fold clothing at a Thai Son S.P. Co. garment factory in Binh Thuan province, Vietnam. Maika Elan | Bloomberg | Getty Images Prolonged coronavirus restrictions in Vietnam have become a bigger headache for retailers, particularly those that rely on......

Impulse spending is an issue for many consumers. These tips can help you rein in the habit

CNBC
CNBC – For more and to sign up click here miniseries | E+ | Getty Images Setting up a household budget and sticking to it can be challenging. Impulse shopping doesn’t make it any easier. About 42% of consumers say they are worsening their financial situation by doing things like......

This restaurant tech start-up uses computer vision to get your fast-food order made accurately

CNBC
CNBC – For more and to sign up click here Sigrid Gombert | Image Source | Getty Images Restaurant tech start-up Agot AI has closed a $10 million funding round that will help the company work toward its mission of improving fast-food order accuracy. The start-up installs overhead cameras in......

Here’s how inflation is hitting the online prices of everything from apparel to furniture

CNBC
CNBC – For more and to sign up click here Prices of goods online have now risen for an unprecedented 15 consecutive months, following what was a historical period of declines, according to a new report from Adobe Digital Insights. Inflation is hitting categories including pet products, nonprescription drugs, apparel,......

PepsiCo targets early 2022 to roll out products from joint venture with Beyond Meat

CNBC
CNBC – For more and to sign up click here PepsiCo is hoping to release new plant-based snacks and drinks made through its joint venture with Beyond Meat by early 2022. “This is only the beginning of what I think is going to be a game-changing JV,” Pepsi CEO Ramon......

Amazon is planning a beauty products event for October to hook early holiday shoppers

CNBC
CNBC – For more and to sign up click here Amazon employees load boxes with orders at the company’s fulfillment center ahead of Cyber Monday in Tracy, Calif. David Paul Morris | Bloomberg | Getty Images Amazon plans to hold a beauty products event in October in an effort to......

Walmart to test self-driving cars in multiple cities with Ford and Argo AI

CNBC
CNBC – For more and to sign up click here Ford Motor plans to launch its self-driving vehicle businesses in 2022 with vehicles based on its Escape Hybrid crossover. Ford Walmart is expanding its self-driving vehicle program to include Ford Motor and Argo AI, an autonomous car start-up backed by......

Starbucks tells labor board to allow all Buffalo, New York workers to vote on union effort

CNBC
CNBC – For more and to sign up click here Coffee giant Starbucks has told the National Labor Relations Board that all 450 workers in its Buffalo, New York market should be allowed to vote on whether to unionize, according to a memo Starbucks sent to its partners that was......

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