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Tag: Breaking News: Business

Taco Bell parent is buying Habit Burger to break into fast casual

Source: Habit Burger Grill Yum Brands‘ $375 million acquisition of Habit Restaurants gives the owner of Taco Bell, KFC and Pizza Hut an opportunity to break into the fast-casual industry at a time when fast-food restaurants are struggling. Habit operates Habit Burger Grill, a premium burger chain founded in 1969 with nearly 280 locations, including …

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Under Armour ‘lost it many years ago’

The founder of leggings maker Lululemon thinks the market for athletic apparel today is a four-way race between Nike, Adidas, Lululemon and Chinese apparel manufacturer Anta Sports. Notice what company isn’t on that list? Under Armour. “I think Under Armour kind of lost it many years ago,” Lululemon founder Chip Wilson, who is no longer …

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Impossible Foods is speeding up new product releases, CEO says

Impossible Foods CEO Pat Brown said Tuesday that the company is speeding up how quickly it can release new meat alternatives. “Not only is the pace of new product development getting faster, but we’re getting better at getting better. The whole innovation cycle is accelerating,” Brown said on CNBC’s “Squawk on the Street” on Tuesday. …

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Starbucks introduces new nondairy drinks and tests oat milk

Starbucks is offering oat milk as a dairy-free option in the Midwest. Source: Starbucks Starbucks announced Tuesday that it would introduce oat milk regionally and add two new dairy-free drinks to its U.S. and Canadian menus. Oat milk will be coming to 1,300 cafes in the Midwest, including locations in Illinois, Iowa, Michigan, Minnesota, Missouri …

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Gwyneth Paltrow’s wellness brand Goop is coming to Sephora

Gwyneth Paltrow’s famous lifestyle brand Goop is about to hit Sephora stores, marking the first time it has partnered with another retailer to sell items like its vitamin chews and body scrubs. Up until now, Goop was only available at its own stores, on Goop.com and at some independent beauty shops. Starting Tuesday, Goop’s wellness …

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Impossible Foods is launching meatless pork and sausage as it prepares for a global push

Impossible Foods, the company known for its vegetarian Impossible Burger, said Monday that it plans to launch meatless ground pork and sausage as the company turns its focus to international expansion in 2020. Impossible Sausage will debut later in January at 139 Burger King restaurants in Savannah, Georgia; Lansing, Michigan; Albuquerque, New Mexico; Montgomery, Alabama, …

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Pier 1 to close nearly half its stores as bankruptcy rumors persist

Pier 1 Imports on Monday said it intends to shut up to 450 locations, or almost half of its fleet of 942 stores, as it unexpectedly reported quarterly earnings amid bankruptcy rumors.  Pier 1’s losses have been mounting, as its sales decline. And this latest quarter was no exception. Its third-quarter loss widened from a year …

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Retail stocks that could have a strong 2020

Some of the most beaten-down names in retail might end up being your best bets in 2020. That’s not to say there still isn’t reason to be wary about some of these companies. You’re taking a risk when you invest in a struggling business, especially in the challenged retail industry, which has faced management shakeups, …

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Bed Bath & Beyond shares jump on real estate deal for $250 million

Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond shares jumped nearly 3% Monday morning after the retailer said it had completed a sale-leaseback transaction with an affiliate of Oak Street Real Estate Capital, netting it $250 million in proceeds. The embattled …

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Chick-fil-A is testing a streamlined menu as it weighs adding new items

An original chicken sandwich and waffle fries are arranged for a photograph at a Chick-fil-A Inc. restaurant in Bowling Green, Kentucky. Luke Sharett | Bloomberg | Getty Images Chick-fil-A is testing a new streamlined menu at restaurants in Arizona and Charlotte, North Carolina. Items that will no longer appear on the menu include Original Chick-n-Strips, …

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