Specialty Retailing

Rent the Runway is betting that clothing from designers Diane von Furstenberg and Jason Wu can get customers to keep their subscriptions. Rival clothing subscription service Stitch Fix is staking its future on private brands.The different directions are part of companies’ bids to stem steep subscriber losses in recent months and declines in their stock-market valuations. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Rent the Runwayis betting that clothing from…

CVS Health plans to close dozens of pharmacies inside Target stores at a time when pharmacy chains are struggling to grow retail profits.CVS will close the pharmacies between February and April this year, said a company spokeswoman. The closures are part of CVS’s efforts to pare down its retail footprint “based on our evaluation of changes in population, consumer buying patterns and future health needs,” she said.Copyright ©2024Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS…

A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split. PepsiCo said that it had decided to stop supplying the chain’s European stores because the two sides hadn’t reached an agreement on a new contract. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 A breakup over grocery prices got messier Monday when PepsiCo said that it, not supermarket chain Carrefour, initiated the split. PepsiCo said…

Walgreens Boots Alliance has agreed to pay $360 million to insurance company Humana to settle a lawsuit alleging the retail-pharmacy chain overcharged for prescription-drug reimbursements.Walgreens disclosed the settlement in a securities filing last week. The company said it had asked a federal court to vacate a previous award in Humana’s favor for $642 million.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 WalgreensBoots Alliance has agreed to pay $360 million to…

Kim Jung-soo invented a super-spicy brand of noodles currently on the shelves of Walmart, Costco and major U.S. grocers. Kim Jung-soo invented a super-spicy brand of noodles currently on the shelves of Walmart, Costco and major U.S. grocers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

CVS Health on Friday said Shawn Guertin, its top finance executive who has been on a leave of absence since October due to family health reasons, won’t return to the healthcare-services giant.CVS said Guertin has stepped down as chief financial officer and president of health services and will leave the Woonsocket, R.I., company at the end of May.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 CVS Health on Friday said Shawn Guertin, its top finance executive who has…

Updated Jan. 4, 2024 6:16 pm ETOne of the world’s biggest supermarket chains said it would drop several PepsiCo products to protest what it called unacceptable price increases, a rare public standoff between a grocer and food maker after more than two years of rising prices.Carrefour, which operates thousands of stores across more than 30 countries, said it would stop selling Pepsi, Doritos and other products in France, Italy, Spain and Belgium. A spokesman for the French company said Thursday that it had decided to add…

The electric-vehicle startup Fisker is abandoning a direct-to-consumer sales model in the U.S. in favor of using traditional dealerships, after it found the approach too expensive and struggled in 2023 to get its cars to buyers quickly.The company is in talks with U.S. dealers and hopes to sign up at least 50 this year, said Chief Executive Officer Henrik Fisker. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The electric-vehicle startup Fiskeris abandoning a…

Updated Dec. 31, 2023 12:20 am ETPARIS—There was no instruction manual when IKEA’s Paris team set to work building a new kind of city-center store.The Swedish furniture company’s ambition was to create a smaller version of its giant blue-and-yellow suburban stores for downtown consumers, to be replicated around the world. A quarter of the size of IKEA’s traditional outlets, the central Paris store—the first of this new type when it opened in 2019—would need to be radically different, they decided.Copyright ©2024Dow Jones…

If you want to know what the boss really wants from you in 2024, Wayfair Chief Executive Niraj Shah’s staff memo might be a good place to start.Shah emailed Wayfair’s corporate employees in the thick of the holiday season. First he praised everyone’s effort in returning the online home-goods retailer to profit, then called on them to dig deeper. Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 If you want to know what the boss really wants from you in 2024, Wayfair…