-
1 month ago | 
insideretail.asia | Neil J Kanatt |Tasim Zahid |Nicole Kirichanskaya |Tamera Francis
Costco Wholesale is pressuring mainland China suppliers to cut prices in response to US tariffs, The Financial Times reported on Tuesday, citing two suppliers. This follows Beijing officials meeting with Walmart earlier this month to discuss media reports that the US retailer asked Chinese suppliers to slash prices to offset tariff impacts.
-
1 month ago | 
msn.com | Neil J Kanatt |Ananya Mariam Rajesh
Continue reading More for You Continue reading More for You
-
1 month ago | 
msn.com | Neil J Kanatt |Ananya Mariam Rajesh
Microsoft Cares About Your PrivacyMicrosoft and our third-party vendors use cookies to store and access information such as unique IDs to deliver, maintain and improve our services and ads. If you agree, MSN and Microsoft Bing will personalise the content and ads that you see. You can select ‘I Accept’ to consent to these uses or click on ‘Manage preferences’ to review your options and exercise your right to object to Legitimate Interest where used.
-
1 month ago | 
azdailysun.com | Neil J Kanatt |Ananya Mariam Rajesh
By Neil J Kanatt and Ananya Mariam Rajesh(Reuters) - Starbucks said on Monday it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his turnaround efforts at the coffee chain, which has been struggling with falling sales. kAmQ(6 2C6 D:>A=:7J:?8 @FC DECF4EFC6[ C6>@G:?8 =2J6CD 2?5 5FA=:42E:@? 2?5 4C62E:?8 D>2==6C[ >@C6 ?:>3=6 E62>D[Q }:44@= D2:5 :?
-
2 months ago | 
streetinsider.com | Helen Reid |Neil J Kanatt
By Helen Reid and Neil J Kanatt (Reuters) -Birkenstock, famous for its cork-based sandals, reported strong sales over the Christmas holiday shopping season but stopped short of raising its earnings targets as executives struck a note of caution over tariffs and other economic risks.
-
2 months ago | 
ca.finance.yahoo.com | Tom Polansek |Neil J Kanatt |Heather Schlitz
(Reuters) -U.S. meatpacker Tyson Foods raised its annual sales forecast on Monday as strong demand for beef and chicken helped it exceed first-quarter results estimates, lifting shares 3%. The chicken nuggets and Ball Park hot dogs manufacturer has improved its poultry business after struggling to predict demand and shuttering plants that employed thousands of workers. A gradual recovery in restaurant traffic and sustained eat-at-home trends have supported demand.
-
Jan 14, 2025 | 
gurutrade.com | Neil J Kanatt |Shreya Biswas
Jan 14 (Reuters) - Hormel Foods said on Tuesday its CEO, James Snee, is set to retire at the end of 2025, after leading the company for nearly nine years.
The Skippy peanut butter maker said Snee will serve as a strategic advisor to the board until the end of his tenure and for 18 months afterward, while it identifies a successor.
Snee, who is also the company's president and the chairman of the board, has been with Hormel since 1989.
-
Jan 7, 2025 | 
msn.com | Neil J Kanatt
Continue reading More for You Continue reading More for You
-
Jan 7, 2025 | 
streetinsider.com | Neil J Kanatt
By Neil J Kanatt (Reuters) -Uniform supplier UniFirst on Tuesday rebuffed again a takeover proposal from Cintas that valued the firm at $5.3 billion and said that it was confident of its strategy as a standalone company. Earlier in the day, the uniform rental firm said that it had offered $275 for each outstanding common and Class B share, representing a 62.4% premium to UniFirst's closing price on Monday.
-
Dec 11, 2024 | 
gurutrade.com | Neil J Kanatt |Shilpi Majumdar
Dec 11 (Reuters) - Doughnut chain Krispy Kreme said on Wednesday that unauthorized activity on a portion of its information technology systems has disrupted certain operations, including online ordering in the United States.
Shares of the company were down about 2% in premarket trading.
After being notified of the incident on Nov. 29, the company has initiated an investigation and is working with external cybersecurity experts to mitigate the impact, it said in a regulatory filing.
