retail industry
Saks Global Secures $1.75 Billion Financing, Files for Chapter 11 Bankruptcy to Transform Luxury Retail
Luxury retail giant Saks Global has filed for Chapter 11 bankruptcy, securing $1.75 billion in financing to facilitate a major restructuring and leadership overhaul. The move aims to reposition its iconic brands amid a challenging global luxury market.
Starbucks Red Cup Day Strike: Baristas Walk Out in Over 40 Cities Amid Contract Standoff
Unionized Starbucks baristas launched a coordinated strike in over 40 U.S. cities on Red Cup Day, targeting one of the company’s busiest holiday events. The walkout highlights ongoing disputes over pay, staffing, and alleged unfair labor practices, marking a pivotal…
Dollar General Stock Surges as Earnings Beat Expectations
Dollar General stock rose over 10% after raising its outlook, with earnings and revenue surpassing expectations. Middle-income shoppers fuel growth.
Walmart to Raise Prices Due to Tariffs, Impacting U.S. Shoppers
Walmart announces price hikes on various goods due to increased tariffs, with effects expected as early as June.