Best Buy is the latest retailer — joining Kroger and others — to say "organized crime" is weighing on its bottom line.
Why it matters: Companies say profits took a hit for all sorts of reasons. It's not every day that theft is a scapegoat.
Dollar Tree will raise prices from $1 to $1.25 on most of its products by the end of April, the company announced Tuesday.
Why it matters: Dollar Tree, which has sold products at $1 for 35 years, was among the last of the major U.S. dollar store chains to retain its $1 price. The change is a reflection of the pressure on low-cost retailers amid rising inflation, CNN notes.
Brand management firm Authentic Brands Group on Monday announced that a group led by private equity firms CVC Capital Partners and HPS Investment Partners acquired a significant ownership stake at an enterprise value of $12.7 billion.
Why it matters: The lofty price tag and the deal's structure are a departure from the kind of traditional leveraged buyouts that have been prevalent in the retail sector.
This year's Thanksgiving won't be immune to the supply chain issues and labor shortages that have been roiling the nation, but the turkey supply is strong.
The big picture: You might be dealing with a pricier Thanksgiving dinner due to inflation, and you might have to find alternatives for some of your favorite side dishes. But don't fret about the main dish.
Latinas are a growing segment in the beauty and self-care industries, outspending non-Hispanic buyers in the past few years.
Why it matters: Many companies have yet to market to them, while brands aimed at Latinas or have Latina founders struggle to attract investors.
Shelves may not be so empty this holiday season — at least at the big stores.
Why it matters: Supply chain issues have hung like storm clouds over the retail sector, but major companies planned enough ahead of time and wrangled the shipping workarounds they needed to ensure they have enough to sell during their most important sales quarter.
Retail sales soared 1.7% in October, the best month since March.
Why it matters: The numbers aren’t adjusted for inflation, so some of that jump is because most everything costs more. Still, prices rising at the fastest pace in 30 years hasn't deterred some shoppers.
The maker of Oreos and Sour Patch Kids, Mondelēz International, announced Thursday that customers should expect prices to rise for their products beginning in the new year, NPR reports.
Driving the news: The company, which produces over 150 brands, expects prices to rise 6% to 7%; it's the latest example of global supply chain issues that make products more expensive.
More than half — 56% — of frontline grocery store employees have plans to leave their jobs due to pandemic-induced burnout, according to a new report from the software firm Axonify.
Why it matters: The "Great Resignation" is more pronounced among frontline workers, who bore the brunt of the pandemic's dangers and demands.
Beauty brands are going after a huge new group of consumers: men.
Why it matters: Redefining makeup as something anyone can wear chips away at the gender norms and beauty standards that women have dealt with for generations. And cosmetics companies see big dollar signs.