Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are…
The low-end consumer ‘is really being stretched,’ says Five Below CEO
While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some…
Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal
Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including…
Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion
DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…
Kohl’s stock plummets more than 20% after massive earnings miss
Kohl’s shares plummeted more than 20% Thursday after the company posted a surprise loss per share, coming in well below…
How private equity rolled Red Lobster
Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was…
British retail sales plunge 2.3% in April, missing estimates
LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…
Biden takes credit for Target grocery price cuts: ‘They’re answering the call’
President Joe Biden took a victory lap after Target announced it was lowering prices on groceries and other items —…
Some consumers are punting big purchases like pools and mattresses
Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…
