California Gov. Gavin Newsom recently signed 10 new bills into law aimed at combating retail crime in the state. These laws address a variety of issues including shoplifting, theft from vehicles, organized theft, and the resale of stolen goods on online marketplaces. The package of laws comes in response to a growing concern among retailers
Business
Starbucks has been facing significant operational challenges, with mobile orders accounting for a large portion of its total sales. This has led to crowded cafes, frustrated customers, and overwhelmed baristas. Former CEO Howard Schultz has even called the mobile app the company’s “biggest Achilles heel.” The complexity of mobile orders, with add-ons like cold foam
The countdown has begun for SpaceX’s highly anticipated Polaris Dawn mission, scheduled to launch at the end of the month. This mission, the first of three purchased by Shift4 founder Jared Isaacman for the Polaris Program, is set to make history with the first-ever attempt at a spacewalk by astronauts on a private mission. With
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has achieved remarkable success, breaking records as the highest-grossing R-rated film of all time. With over $1.085 billion in global box office earnings, the film has surpassed Warner Bros.’ “Joker” and solidified its place in cinematic history. This achievement highlights the
CEO Doug McMillon of Walmart recently highlighted the challenges the retail giant is facing in lowering prices, especially in the aisles that carry dry groceries and processed foods. Despite efforts to pressure suppliers into cutting prices, McMillon admitted that some companies are still pushing for cost increases. This has led Walmart to aggressively fight back
Starbucks has recently made headlines for offering their incoming CEO and Chair, Brian Niccol, an impressive pay bump and significant one-time awards to entice him to leave his previous position as chief executive at Chipotle Mexican Grill. With Niccol set to officially take the helm at Starbucks on September 9th, all eyes are on him
The fluctuation of interest rates has a significant impact on the decisions made by homeowners when it comes to major projects that require financing. According to Home Depot’s Chief Financial Officer Richard McPhail, many homeowners have postponed moving into new houses or starting major projects due to the anticipation of lower interest rates in the
Blink Fitness, a budget-friendly gym chain under the ownership of luxury fitness company Equinox Group, has recently filed for Chapter 11 bankruptcy protection. This move comes as a result of the challenges faced by the fitness industry post-pandemic. The company, which has over 100 centers across the United States, is joining the ranks of other
Restaurant CEOs have been emphasizing the importance of “value” in their recent conference calls with investors, reflecting the industry’s current struggle to regain consumer traffic and sales. With food prices rising over 27% since 2019, consumers are becoming more cautious in their spending habits, opting for brands that offer compelling value. This trend has led
The recent announcement by automaker Stellantis to indefinitely lay off up to 2,450 U.S. factory workers has sent shockwaves through the industry. These job cuts come as the company discontinues production of an older version of its Ram 1500 pickup truck in Michigan. The Ram 1500 Classic, a popular choice among entry-level buyers and fleet