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Tag: Breaking News: Business

Chipotle Mexican Grill (CMG) Q2 2020 earnings top estimates

An employee prepares a burrito bowl at a Chipotle Mexican Grill Inc. restaurant in Louisville, Kentucky. Luke Sharrett | Bloomberg | Getty Images Chipotle Mexican Grill on Wednesday reported quarterly adjusted earnings that were down 90% from the year-ago period as dining room closures hit business and dented operating margins. But many customers moved to order …

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Walmart’s stock rises 7% on report of Amazon Prime competitor coming this month

Walmart‘s answer to Amazon Prime will launch this month, according to a report by Vox’s Recode. The big-box giant confirmed in February that it plans to roll out a subscription-based service called Walmart+, but it hasn’t revealed details or its strategy to attract members and stand out from competitors. Shares rose by nearly 7% Tuesday to …

Walmart’s stock rises 7% on report of Amazon Prime competitor coming this monthRead More

Grocers like H-E-B, Publix get creative as pandemic shuts down salad bars

Texas grocer Central Market turned salad bars and hot bars into packaged food displays during the pandemic. Source: Central Market Grocery stores have shut down self-serve salad bars during the pandemic. They’ve taken away displays of fresh olives and dips. And they’ve replaced giant kettles of ready-to-ladle hot soup with sealed to-go containers. The deli …

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Starbucks is preparing to reopen cafes

A Starbucks employee wears a facial covering while working the drive-thru during the coronavirus (COVID-19) pandemic on April 07, 2020 in Dallas, Texas. Ronald Martinez | Getty Images Starbucks is preparing to reopen cafes as some U.S. states report that the number of new coronavirus cases has plateaued or even declined.  “As we have experienced in …

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Nike gets more exercise app users, and it’s driving online sales

Nike‘s stores might be temporarily shut due to COVID-19, but the sportswear giant is getting more people to sweat during stressful times. With many gyms like Equinox shut down, people are turning to its apps, and that is helping boost its e-commerce business.  “During a time of adversity around the globe, we’ve had to adjust …

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CVS Health looking to fill 50,000 jobs to meet demand

A driver unloads merchandise from a delivery truck outside a CVS Health Corp. location in New Rochelle, New York, U.S., on Monday, March 16, 2020. Angus Mordant | Bloomberg | Getty Images CVS Health said it plans to immediately fill 50,000 jobs across the U.S. to keep up with a demand for over-the-counter medicines, prescriptions and …

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Hudson’s Bay CEO Helena Foulkes leaving later this month

Helena Foulkes attends the 2018 National Retail Federation Gala at Pier 60 on January 14, 2018 in New York City. Dia Dipasupil | Getty Images Entertainment | Getty Images Saks Fifth Avenue’s parent company is about to lose its CEO, as the high-end department store operator prepares to go private. Hudson’s Bay Co. Chief Executive …

Hudson’s Bay CEO Helena Foulkes leaving later this monthRead More

McDonald’s creates digital customer engagement team as part of its tech push

McDonald’s crowds at self-service kiosk. Jeffrey Greenberg | Universal Images Group | Getty Images McDonald’s is creating a team focused on digital customer engagement as the restaurant industry continues to look to technology as a key way to boost sales. The new team is part of the fast-food giant’s strategy to use technology to reach …

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