‘It’s just scale’: Local mom-and-pop car dealerships are growing or dying amid industry consolidation, rise of mega-retailers
[ad_1] Derek Sylvester with members of his family, team and mascot Molly, who was featured on the dealership’s logo. Courtesy Sylvester Chevrolet Derek Sylvester’s father built the family’s original Chevrolet dealership with his bare hands on Main Street in rural Peckville, Pennsylvania, in 1972. The store and family have been a pillar of the village, […]
Kering looks to double profits as it unveils ambitious turnaround plan to revive Gucci
[ad_1] A woman wearing a Gucci belt and bag is seen during Paris Fashion Week in September 2018 Christian Vierig | Getty Images Kering said Thursday it aims to double profitability and revive its flagship brand Gucci as it announced its highly anticipated strategy to get the company back on track after a year-long luxury […]
Danone CEO flags price uncertainty as Iran war escalates: ‘Nobody knows’ how conflict will play out
[ad_1] A woman shops for prepared food at Eataly March 19, 2026 in the Manhattan borough of New York City. Robert Nickelsberg | Getty Images Danone’s CEO told CNBC that inflationary pressures from the Iran war may force the company to consider price hikes as the outlook for conflict in the Middle East remains highly […]
‘Silent killers’: How AI start-ups are trying to solve one of the retail industry’s biggest problems
[ad_1] Moment Makers Group | Istock | Getty Images It pinches here; drags there; the draping is wrong. These are some of the examples of the feedback a new crop of artificial intelligence apps might give a prospective customer trying on clothing ahead of a purchase, and in the process reduce the chances of a […]
McCormick buys Unilever’s food business in deal that values it at nearly $45 billion
[ad_1] Jars of Unilever brand Hellmann’s mayonnaise for sale at a store in Dobbs Ferry, New York, U.S., Wednesday, Jan. 19, 2022. Tiffany Hagler-Geard | Bloomberg | Getty Images McCormick will buy Unilever’s food business for a combination of cash and equity, in a deal that values the Unilever unit at nearly $45 billion, the […]
Italy investigates Sephora and Benefit over skincare marketing to children
[ad_1] A view of a Sephora beauty product store on May 30, 2025 in Sherman Oaks, California. Justin Sullivan | Getty Images Italian regulators are looking to clamp down on the tween skincare obsession and are investigating the LVMH-owned cosmetic brands Sephora and Benefit over an “insidious” marketing campaign to children. The Italian Competition Authority […]
Retail firms warn of price hikes if Iran war extends for months
[ad_1] Shipping containers are stacked at the port of Los Angeles in Long Beach, California, U.S., March 10, 2026. Caroline Brehman | Reuters Retail firms are warning that the conflict in the Middle East is driving up costs and could lead to price hikes if the war continues beyond the short term. Instability in the […]
Swiss sneaker maker On Holding shakes up leadership amid slowing growth
[ad_1] On Holding has named co-founders David Allemann and Caspar Coppetti as co-CEOs, replacing Martin Hoffmann after a five-year tenure as CEO, as the Swiss sneaker maker looks to scale globally. The leadership shakeup comes as On is preparing to enter its “next growth phase,” the company said in a statement Wednesday. On shares were […]
Puig stock soars 15% after Estée Lauder confirms takeover talks with Charlotte Tilbury maker
[ad_1] Shares of Puig Brands soared as much as 15% Tuesday after beauty peer Estée Lauder confirmed it is in talks about merging the two companies. Estée Lauder said Monday that a final decision had not been made on any potential deal, first reported by the Financial Times. Puig stock was last seen up 14.6% […]
Target is set to report quarterly earnings, share turnaround plan. Here’s what to expect
[ad_1] Sign at the entrance to a Target store in Venice, Florida. Erik Mcgregor | Lightrocket | Getty Images Target plans to report its holiday-quarter earnings and share its expectations for the year ahead on Tuesday morning, as its new CEO lays out his strategy and tries to persuade Wall Street that the big-box retailer […]