Walgreens is finalizing a plan to fix its U.S. business that could result in closing hundreds of additional stores over the next three years. CEO Tim Wentworth told analysts Thursday morning that “changes are imminent” for about 25% of the company’s stores, which he said were ...
MILAN (AP) — The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said Tuesday. Bain is forecasting ...
NEW YORK (AP) — Elections have consequences for financial markets. But what that means for investors is often hard to predict. Just look at France, where the threat of electoral losses for the president’s centrist party recently sent the French stock market to its worst week in more than ...
NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.1% in May, below the pace that economists projected, the Commerce Department said Tuesday. And April ...
NEW YORK (AP) — The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper. The ERC was designed to help businesses retain employees during pandemic-era ...
MOGI GUACU, Brazil (AP) — Orange juice prices have always been volatile, falling when bumper harvests create an oversupply of oranges and rising when frost or a hurricane knocks out fruit trees. But the record-high prices the world is seeing for OJ right now may be on the table for a while, ...