Target’s new CEO, Michael Fiddelke, said Wednesday (Feb. 4) during a company town hall event that he aims to improve the retailer’s merchandise, in-store experiences and technology, Bloomberg reported Wednesday. Fiddelke, a Target veteran, became CEO Sunday (Feb. 1), according to the report. He assumed that...
Amazon is broadening the role of artificial intelligence (AI) across its business, rolling out a new generation of Alexa, exploring deeper access to OpenAI’s models and applying AI tools inside its film and television studios. Alexa+ Reframes the Assistant as an Always-On AI Interface Amazon...
The world’s newest trillion-dollar company also has a new CEO. And no, it’s not Disney. And while trillion-dollar market caps might bring to mind visions of big tech hyperscalers, it’s not one of the FAANG cohort either. The business in question is something quite different:...
PepsiCo is moving to lower prices on some of its best-known snack brands, citing mounting consumer affordability concerns as households head into the NFL’s Super Bowl week. The food and beverage giant announced Tuesday (Feb. 3) that it is rolling out new suggested retail prices...
Walmart’s market capitalization topped $1 trillion on Tuesday (Feb. 3) after its shares rose as much as 1.6% in early trading and more than doubled over the past two years, the Financial Times reported Tuesday. The retailer became one of nine U.S. companies with a...
Amazon increased the number of items it delivered to Prime members in the United States the same or next day by 30% in 2025. The company delivered over 8 billion items the same or next day in the U.S., it said in a Tuesday (Feb....
Walmart’s paid membership program continued to see double-digit growth in January and ended the month with 28.4 million members, a Morgan Stanley survey found, Seeking Alpha reported Monday (Feb. 2). Walmart+ membership grew about 12% year over year on a three-month rolling basis, up from about 10% in November, according to...
The Vitamin Shoppe on Wednesday (Jan. 28) opened a new Innovation Store on New York City’s Upper East Side, using artificial intelligence and digital tools to help consumers discover, evaluate and purchase wellness products. The new location, at 157 E. 86th St., between Lexington and...
Saks Global will wind down the majority of its off-price operations, including most Saks OFF 5TH locations and all Neiman Marcus Last Call stores, Reuters reported Thursday (Jan. 29). The conglomerate, which filed for Chapter 11 protection earlier this month, stated the move aims to...