The New West End Company (NWEC), which represents over 600 businesses in the West End of London, has said domestic spending is likely to see a downturn for some period of time in the future, even amid solid spending in recent months, Financial Times reported....
Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports. In an open stakeholder letter from Kevin Johnson, chief executive officer of Starbucks, and Pat Grismer, chief financial officer, the company provided...
One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But one person familiar with the situation told CNBC that those efforts have stalled, and bankruptcy...
Declining retail sales has hit Kohl’s for the third straight quarter. Despite reporting its third consecutive decline in quarterly sales on Tuesday (Aug. 20), the department store chain said business actually improved before the end of the period, and it is still on track for...
October 23, 2022
Retailers and other employers who engage in seasonal hiring are facing a season of rising prices, reduced consumer spending and worries about a recession. As Barrons reported Sunday, this has led some retailers to cut back on hiring seasonal workers this year or to simply not release hiring goals for 2022. Related: Dick’s, Macy’s Join […]
October 09, 2022
The New West End Company (NWEC), which represents over 600 businesses in the West End of London, has said domestic spending is likely to see a downturn for some period...
April 09, 2020
Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports. In an open stakeholder letter from Kevin...
August 28, 2019
One source has revealed that Forever 21 might be filing for bankruptcy. The retailer has been looking into ways to restructure its business as it deals with struggling sales. But...
