A pedestrian passes in front of the Saks Fifth Avenue at Brookfield Place in New York. Allison Joyce | Bloomberg | Getty Images Saks Global named a new CEO on Friday as the retailer is reportedly on the cusp of filing for bankruptcy protection. The parent of high-end department store chain Saks Fifth Avenue, which is privately held, … Read more
A shopper looks at chairs for sale at an At Home store in Queens, New York City, U.S., July 15, 2025. Kylie Cooper | Reuters President Donald Trump signed a New Year’s Eve proclamation delaying increased tariffs on upholstered furniture, kitchen cabinets and vanities for a year, citing ongoing trade talks. Trump’s order signed Wednesday keeps … Read more
Packages of pasta imported from Italy are seen in a supermarket in Houston, Texas, on Nov. 12, 2025. Ronaldo Schemidt | AFP | Getty Images Italy’s foreign ministry said on Thursday the United States had sharply lowered proposed duties on several Italian pasta makers following a reassessment of their U.S. activities. In October, the United … Read more
As the restaurant industry endured another difficult year, many chains opted to close underperforming locations as they try to turn around their businesses. Inflation-weary consumers have pulled back their restaurant spending, choosing to eat at home or chasing deals when they go out for a meal. While some restaurants have won over reluctant diners, the … Read more
Amazon’s new MK30 Prime Air drone is displayed during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on Oct. 18, 2023. Jason Redmond | AFP | Getty Images Amazon said on Sunday it has decided not to pursue plans to deliver goods by drone … Read more
McDonald’s restaurant in San Diego, California, U.S., Oct. 31, 2025. Mike Blake | Reuters “Value” was the buzzword du jour for restaurant executives that lasted all year — and it will likely stick around in 2026, too. Over the last year and a half, diners, particularly those who make less than $40,000 a year, have … Read more
Bom Kim, founder and chief executive officer of Coupang, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, April 30, 2019. Kyle Grillot | Bloomberg | Getty Images Online retailer Coupang’s founder Kim Bom apologised for the first time for a recent leak of customer data and pledged to unveil … Read more
Different types of leather are seen at the Rio of Mercedes cowboy boot factory, on July 31, 2025, in Mercedes, Texas. Ronaldo Schemidt | AFP | Getty Images Bootmaker Twisted X — known for its Western footwear — was thrown into chaos overnight when President Donald Trump imposed sweeping tariffs on imports in April. The … Read more
Stocks finished higher Friday, lifted by the volatile artificial intelligence trade, leading the market to the upside for the week. The S & P 500 eked out a 0.1% weekly gain, while the Nasdaq gained 0.5%. While logging three positive weeks in the past four, the indexes were still modestly lower for the seasonally strong … Read more
Build-A-Bear Workshop wasn’t always a retail winner. The toy store, known for its interactive experience of building and accessorizing stuffed animals, has gone through a significant turnaround since CEO Sharon Price John took the helm of the company over a decade ago. “When I first came in 2013, that assessment of the brand was strong,” … Read more