Starbucks introduces automated ordering plans and new coffee equipment to improve efficiency

Starbucks Chairman and CEO Howard Schultz speaks during the annual shareholder meeting in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks on Tuesday introduced its plans for automated in-store ordering, new coffee-making equipment and an expanded loyalty program as part of its drive to reinvent itself and better adapt … Read more

Peloton co-founders John Foley and Hisao Kushi leave the company

John Foley, co-founder and former CEO of Peloton. Michael Nagle | Bloomberg | Getty Images Platoon announced the resignation of two of the company’s founders and another senior executive on Monday, marking the end of an era for the struggling fitness equipment company as CEO Barry McCarthy radically reshapes the business. Co-founder and former CEO … Read more

Starbucks will unveil its “reinvention” strategy at Investor Day on Tuesday

CEO of Starbucks Howard Schultz in New York. Steve Ferman | Getty Images Starbucks set to unveil reinvention plan on Tuesday as coffee giant grapples with changing consumer behavior, outdated store designs and a U.S. union push The strategy is the brainchild of outgoing interim CEO Howard Schultz, who returned to the role in the … Read more

GameStop (GME) Q2 2022 results

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will release its third quarter results today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales fell … Read more

GameStop (GME) Q2 2022 results

SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will release its third quarter results today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales fell … Read more

Lowe’s chief marketing officer Marisa Thalberg leaves the company in a reshuffle

Marisa Thalberg, Executive Vice President and Chief Brand and Marketing Officer. Source: Marisa Thalberg Lowe’s Chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company announced on Tuesday. The home improvement retailer cut its role and moved its marketing team under Bill Boltz, executive vice president of merchandising. … Read more

Lululemon (LULU) Q2 2022 Results

Pedestrians walk past a Lululemon store. Scott Mill | CNBC Lululemon Athletica Inc. On Thursday, quarterly earnings and revenue beat analysts’ expectations as shoppers stocked up on workout gear even as soaring prices hurt apparel sales at other retailers. The company also raised its outlook for the year. Shares were up about 9% in after-hours … Read more

Gatorade adds caffeine to its lineup with Fast Twitch energy drink

Fast Twitch, from the creators of Gatorade Source: PepsiCo Gatorade enters the energy drink category with a caffeinated spinoff called Fast Twitch. It still represents another example of beverage companies blurring the lines between beverage categories, looking to leverage existing brand loyalty while entering fast-growing categories. The parent company of Gatorade, PepsiCohas already expanded Mountain … Read more

Walmart-owned Sam’s Club raises annual membership fees for first time in 9 years

A sign hangs outside a Sam’s Club store on January 12, 2018 in Streamwood, Illinois. Scott Olson |Getty Images walmartThe Sam’s Club, owned by Sam, announced Wednesday that it will raise its annual fee this fall, as membership in the warehouse club hits an all-time high and inflation-ridden shoppers seek deals on bulk items. Fees … Read more

US McDonald’s chef says California fast food bill unfairly targets big chains

A sign is displayed outside a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s boss On Wednesday, the United States publicly criticized a landmark California bill that would give the state more control over the wages of fast-food workers, saying it unfairly targets big chains. The remarks … Read more