To pay vendors for merchandise shipped after its bankruptcy filing in September, a lawyer for Toys R Us said the embattled retailer will create a $156 million fund. But lawyers representing the retailer’s vendors said that amount doesn’t cover the $760 million in trade claims,...
Restaurant Brands International posted strong first-quarter results, buoyed by strong sales growth at Burger King. The quick-service restaurant (QSR) chain reported system-wide sales growth of 11 percent, with net restaurant growth of 7 percent and comparable sales of 3.8 percent, Chief Executive Officer Daniel Schwartz...
The usual school lunch menu suspects — pizza and chicken nuggets — appeal to some students, but those options may not work for students who are vegetarian or gluten-free. As a result, “the school lunch solution doesn’t really work anymore,” Wise Apple Co-Founder and President...
After failing to meet Wall Street’s expectations, Hasbro blamed the Toys R Us bankruptcy for a drop in revenues in the first quarter. But the toymaker said the collapse of one of its largest customers would impact the company less after the first half of the year,...
It’s time for retailers to stop looking at brick-and-mortar like it’s dying. Traditional retail is changing, it’s true – and that has manifested as a fair amount of growing pains – but the perception that physical retail is a sinking ship may be leading merchants...
In the 1980s, David Humble was at the grocery checkout counter when something unusual happened: A customer became frustrated with a cashier’s slow pace, so he simply scanned one of his purchases himself. Get the Full Story Complete the form to unlock this article and...
Months after delivering packages inside customers’ homes, Amazon begins delivering purchases inside customers’ cars. The free service is only available to Prime members in certain cities and vehicles, CNBC reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Sears Holdings Corp. has been struggling to find a buyer for its Kenmore appliance brand and other business lines, but according to news from The Wall Street Journal, Chief Executive Edward Lampert’s hedge fund is interested in buying multiple units from the embattled retailer. Get the...
Walmart is getting extremely close to securing a deal that would give it a majority stake in Indian eCommerce powerhouse Flipkart. That deal will reportedly be for $12 billion at the low end, and experts forecast that the two sides could come to a final...
