Amazon, the leading investor in artificial intelligence startup Anthropic, is relying on that company’s AI models…
Tag: Retail industry
Lowe’s beats Wall Street expectations as it starts to break out of sales slump
A Lowe’s store stands in Brooklyn on February 27, 2024 in New York City. Spencer Platt…
Tequila, mezcal are the only spirits growing in sales, but tariffs would be ‘catastrophic,’ industry group says
A seller holds up a bottle of Casamigos, tequila from Diageo, the world’s leading spirits maker,…
E.l.f. Beauty CEO says company is ‘relieved’ China tariffs are only 10%
The New York Stock Exchange welcomes E.l.f. Beauty on March 18, 2024, to celebrate its 20th…
Strong Taco Bell sales fuel Yum Brands earnings beat
A sign is posted in front of a Taco Bell restaurant in Richmond, California, on May…
Abercrombie shares plunge 17% as retailers post early holiday results
ORLANDO, Fla. — Lululemon and Abercrombie & Fitch raised their fourth-quarter outlooks on Monday after seeing…
McDonald’s to close three CosMc’s locations — and open two more
A sign hangs outside of a CosMc’s restaurant, a concept recently launched by McDonald’s, in Bolingbrook,…
Ulta Beauty names new CEO, raises outlook for holiday quarter
People walk past an Ulta Beauty store in the Manhattan borough of New York City on…
These restaurant chains closed locations in 2024
A rough year for the restaurant industry led many chains to close underperforming locations in 2024,…