Nordstrom’s holiday sales drop about 22% to cap tough year
Nordstrom was able to pick up more digital shoppers this holiday, but incremental customer spending went disproportionately to online and big-box retailers this season.
Starbucks commits $100M for boosting small businesses in communities of color
"They need help, and they need help in the form of investments," Starbucks Chief Operating Officer Roz Brewer said as the company announced $100 million...
Affluent families ditch public schools, widening U.S. inequality
Parents with means are fleeing public schools during the coronavirus crisis and opting for private schools, tutors or hiring teachers for pandemic "pods" for their...
Costco sales climb, e-commerce business soars
Costco Wholesale topped Wall Street's profit expectations during its first quarter amid continued high demand for food and supplies, even as the warehouse chain said...
Starbucks tells staff to clean every eight minutes and pauses use of personal cups
Starbucks said staff across its 14,000 U.S. sites are being told to wipe down busy areas of the store — ideally, every eight minutes. If...
Burger King trims artificial additives, with one big exception
Burger King is cutting artificial flavors and additives from its menu, but at least one controversial ingredient is sticking around.That's soy leghemoglobin, or heme, the...
Burger King cuts price of Impossible Whopper as sales slow down
Across the U.S., restaurants and grocery stores are rushing to add plant-based options. It remains to be seen whether their popularity is a long-lasting trend,...
Starbucks is replicating its fast U.S. growth in China
The company is opening a location in China about every 15 hours, with an ultimate goal of adding about 600 new cafes this year to...
New McDonald’s CEO has tense relationship with franchisees
The new chief executive officer of McDonald's is a Harvard University MBA who played a critical role in the revamp of the fast-food chain that...