Goodyear Tire & Rubber has revealed plans to cut 700 jobs and divest approximately 100 retail stores and fleet locations as part of a rationalization initiative in its Asia Pacific segment. This
Retailers are increasingly eyeing the healthcare industry, seeking opportunities to expand into the nearly $4 trillion health sector. This encompasses a range of initiatives, from retail health clinic
The British pound experienced a dip against both the dollar and the euro following disappointing business activity and retail data. A Purchasing Managers’ Index (PMI) survey revealed that UK com
Hy-Vee has unveiled its full-scale retail media network, Hy-Vee RedMedia, aiming to connect brands directly with its customer base across online and in-store platforms. This network, showcased at the
Restaurant tipping rates in the U.S. have declined, averaging 18.9% in the second quarter of 2023, down from 19% in the first quarter, according to a report by restaurant software company Toast. Delaw
Chipotle is partnering with Hyphen, a food tech startup, to test an automated kitchen line capable of producing up to 180 bowls per hour, boosting the efficiency of its digital orders, which accounted
McDonald’s is set to increase royalty fees for new franchise restaurants in the U.S. and Canada, marking the first hike in nearly thirty years, according to a letter seen by Reuters. Starting Ja
The Federal Trade Commission (FTC) is poised to file an anticipated antitrust lawsuit against Amazon in federal court, potentially as early as Tuesday, according to reports by Politico. This move is p
San Francisco is experiencing a retail exodus due to concerns over crime, soaring rents, and economic challenges, resulting in high-profile closures like Nordstrom, Whole Foods, and Amazon Go. However