Nike cutting 1,600 jobs to cut costs
Nike is laying off 2% of its corporate workforce to cut costs. The company seeks to invest in priority areas such as running and its Jordan brand, according to CEO John Donahoe.
January PPI comes in hotter than expected
The Labor Department said Friday that its producer price index, which measures inflation at the wholesale level before it reaches consumers, jumped 0.3% in January from the previous month. A 'Mornings with Maria' panel with more.
Some Starbucks stores are getting a new look: here's how
Starbucks opened the first store in the nation that is modeled off its inclusive framework to make ordering coffee more accessible and seamless for customers.
Target launches low-cost brand with prices starting under $1
Target is launching a new brand that will price most items under $10 in an effort to appeal to price-conscious shoppers. Some items will cost under $1.
The Magnificent 7 will soon become the Magnificent '2 or 3': David Bahnsen
'Full-Time: Work & the Meaning of Life' author David Bahnsen explains how consumer staples are well-valued and reasonable.
Retail sales tumble much more than expected in January
Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, unexpectedly dropped 0.8% in January.
Ben Affleck's full Dunkin' Super Bowl ad released as merch sells out
The extended edition of Dunkin’s hit "DunKings" Super Bowl ad has gone live amid the coffee and donut chain seeing major demand for its affiliated merchandise.
Consumers bought more secondhand items in 2023, but major purchases are back for 2024
Consumers were thrifty with their spending in 2023, but major purchases like homes and vehicles are expected to rise in 2024.
Nearly half of American adults are unmarried and that’s turning out to be good for Valentine’s Day
Self-gifting is on the rise for Valentine's Day as more consumers enjoy the empowerment of treating themselves or celebrate the single life, with nearly half U.S. adults unmarried.
Valentine's Day gifts: Americans expected to spend $25.8 billion this year
Companies profit from Valentine's Day, since the day has become a huge commercial holiday with large sales, especially for businesses that sell flowers, candy, lingerie and jewelry.
Deadly listeria outbreak prompts dairy product recall at Costco, Walmart and others
Dairy products sold at Costco, Walmart and other U.S. retailers have been recalled after health officials linked cheese made by Rizo-López Foods to a deadly listeria outbreak.
Retail return fraud running rampant, viral TikToks show
TikTokers have taken to the platform to tell their stories as alleged return fraud victims, including one who claimed she received a can of tuna in place of a Dolce & Gabbana ashtray.
Taylor Swift's $695 jeans she wore to Super Bowl 2024 sell out online
Taylor Swift was seen at Super Bowl 2024 wearing a pair of jeans designed by the New York-based brand, Area. The denim pants, priced at $695, are currently sold out online.
Valentine's Day spending expected to hit nearly $26B
Valentine’s Day is quickly approaching. Many U.S. consumers have plans to use the holiday – and their wallets – to show how much their loved ones mean to them.
Texas Molson Coors brewery workers prepare to strike, potentially impacting several major beverage brands
More than 400 workers are preparing to walk off the job from a Texas brewery after they say negotiations for higher pay, and benefits have stalled.
Bass Pro Shops doubles down with Super Bowl and Daytona 500 ad
Bass Pro Shops is making its $7 million investment in a Super Bowl ad for its Tracker boats go further by planning to feature it during the Daytona 500 race next Sunday.
Build-A-Bear Workshop shocks with 'After Dark' collection of adults-only stuffed animals
Build-A-Bear Workshop has left some people scratching their heads with an "After Dark" collection of 18-or-older stuffed animals for Valentine's Day.
Frigidaire recalling nearly 400K refrigerators because plastic can break off into ice bucket
Electrolux, Frigidaire’s parent company, has received 343 reports of plastic breaking off into the ice bucket and two reports of consumers being cut by the plastic or hurt after ingesting it.
Inflation is going to 'continue to be stubborn,' says Sean O'Hara
Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.
Former Apple exec introduces new AI-powered glasses
Sinapore-based Brilliant Labs unveiled its new "Frame" augmented reality glasses product, which comes with a suite of AI-powered features, including realtime web search.