Lululemon CEO Calvin McDonald will depart in January
Calvin McDonald, CEO of lululemon athletica inc., is interviewed by CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 29, 2023. Brendan Mcdermid | Reuters Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following a year of Continue Reading
Chewy CEO talks strategy for ’emotive’ pet category after earnings beat
Chewy CEO Sumit Singh reviewed the online pet supplies retailer’s most recent quarter in a Wednesday interview with CNBC’s Jim Cramer, and detailed strategy — namely a focus on scale, convenience and personalization. “Pets…is a super emotive category,” Singh said. “And in an emotive category like this, when you show Continue Reading
Coca-Cola taps COO Henrique Braun to replace James Quincey as CEO in 2026
Henrique Braun to become the next CEO of The Coca-Cola Company. Courtesy: The Coca-Cola Company Coca-Cola Chief Operating Officer Henrique Braun will succeed James Quincey as CEO next year, the company said Wednesday, as Coke and its rivals navigate tepid consumer demand for soft drinks. The change will take effect Continue Reading
Online grocer Thrive Market goes dry, launches non-alcoholic products
Thrive Market headquarters at Fast Company Creativity Counter-Conference in Los Angeles, California. Araya Doheny | Getty Images Thrive Market is officially going dry. The online health and grocery marketplace will become the first major online grocer to remove all alcohol products when it takes them off its subscription service. The Continue Reading
New Target store in SoHo New York showcases fashion
Target has turned its store in New York City’s SoHo neighborhood into a unique concept store. Inside of an area that resembles the company’s Bullseye logo, the company has “The Drop,” a rotating display of seasonal styles and curated items. Courtesy of Target In one of New York City’s most Continue Reading
McDonald’s to emphasize value by updating franchising standards
In Lisbon, Portugal, on January 12, 2025, people sit by a McDonald’s storefront. McDonald’s rolls out new value deals, like the McValue Menu, to combat economic challenges and attract budget-conscious customers, as global sales face pressure amid shifting consumer trends. Luis Boza | Nurphoto | Getty Images McDonald’s will soon Continue Reading
Ben & Jerry’s maker Magnum Ice Cream debuts on Amsterdam stock market
Packets of Walls Cornetto, Magnum and Ben & Jerry’s ice cream are displayed on March 20, 2024. John Keeble | Getty Images News | Getty Images Magnum Ice Cream Company, now the world’s largest standalone ice cream business, debuted on the Amsterdam stock exchange on Monday. The stock opened at Continue Reading
The history of denim and how jeans were created
Jodie Foster, Billie Perkins, and Robert De Niro perform a scene in Taxi Driver directed by Martin Scorsese in 1976 in New York, New York. Michael Ochs Archives | Moviepix | Getty Images In the dwindling days of the California gold rush, the wife of a local miner faced a Continue Reading
Amazon had a big week that could shape where its stagnant stock goes next
Amazon made plenty of news this week — from advances in the cloud business to questions about its partnership with the U.S. Postal Service — leaving investors with a lot to digest. The flurry of headlines comes at the end of a challenging year. The e-commerce and cloud giant’s stock Continue Reading
Costco adds Gina Raimondo to board after Trump tariff suit
US Commerce Secretary Gina Raimondo speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images Read more CNBC politics coverage “We are very pleased to nominate Secretary Raimondo for election to Continue Reading