Latest Retail and wholesale News
1stdibs: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — 1stdibs.com Inc. (DIBS) on Friday reported a loss of $5.7 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 15 cents. The upscale online retailer posted revenue of $21.2 million in...
A tiny island in the Caribbean seeks help from London after a politician is slain
ST. JOHN’S, Antigua (AP) — Antigua and Barbuda is seeking help from authorities in London to solve the killing of a member of Parliament in the Caribbean island nation who was found stabbed to death this week. The decision was taken Wednesday by Cabinet members who also announced...
Amazon workers in Alabama will have third labor union vote after judge finds illegal influence
MONTGOMERY, Ala. (AP) — Amazon workers in Alabama will decide for the third time in three years whether to unionize after a federal judge ruled that the retail giant improperly influenced the most recent vote in which employees rejected a union. Administrative law judge Michael...
Beyond Meat reverses revenue slide by raising prices on its plant-based products
Beyond Meat reversed a sales slide in the third quarter, growing revenue for the first time since 2022 as it charged higher prices for its plant-based meat. The El Segundo, California-based company said Wednesday its revenue rose 7.6% to $81 million in the July-September period. That...
A TV as big as a bed? With the holidays approaching, stores stock more supersize sets
NEW YORK (AP) — For some television viewers, size apparently does matter. Forget the 65-inch TVs that were considered bigger than average a decade ago. In time for the holidays, manufacturers and retailers are rolling out more XXL screens measuring more than 8 feet diagonally....
Many retailers offer 'returnless refunds.' Just don't expect them to talk much about it
It’s one of the most under-publicized policies of some of the biggest U.S. retailers: sometimes they give customers full refunds and let them keep unwanted items too. Returnless refunds are a tool that more retailers are using to keep online shoppers happy and to reduce shipping...
Colm McLoughlin, Irishman who led Dubai Duty Free to become an airport retail giant, dies at age 81
DUBAI, United Arab Emirates (AP) — Colm McLoughlin, an Irishman who landed in the deserts of the United Arab Emirates and helped lead Dubai Duty Free into becoming an airport retail behemoth generating billions of dollars, has died. He was 81. McLoughlin ran Dubai Duty Free from...
Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods
LONDON (AP) — Chinese online retailer Temu is facing a European Union investigation over suspicions it's failing to prevent the sale of illegal products, the 27-nation bloc's executive arm said on Thursday. The European Commission opened its investigation five months after adding...
1-800-Flowers.com: Fiscal Q1 Earnings Snapshot
JERICHO, N.Y. (AP) — JERICHO, N.Y. (AP) — 1-800-Flowers.com Inc. (FLWS) on Thursday reported a loss of $34.2 million in its fiscal first quarter. The Jericho, New York-based company said it had a loss of 53 cents per share. Losses, adjusted for one-time gains and costs, came to...
Starbucks CEO sets four-minute service goal as he tries to reinvigorate sagging sales
Starbucks' new Chairman and CEO Brian Niccol wants customers to get their orders hand-delivered by a barista in four minutes or less, a goal that will be central as he tries to reinvigorate the company's sagging sales. “We have to make it easier for our customers to get a cup of...
