Hasbro to Cut 1,100 Jobs as Weak Toy Sales Persist
The announcement that the toymaker was eliminating nearly 17 percent of its work force came during the critical holiday shopping season.
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Corporate America Is Testing the Limits of Its Pricing Power
Firms may struggle to keep profits up if demand slows, but so far they are finding ways to keep margins wide.
Posted inBlack Markets California Company Reports Computer and Communications Industry Assn DeSantis, Ron Law and Legislation Lobbying and Lobbyists National Retail Federation New York City News and News Media Newsom, Gavin Organized Crime Police Department (San Francisco, Calif) Robberies and Thefts Shoplifting and Employee Theft (Retail) Shopping and Retail Trump, Donald J United States Economy United States Politics and Government
Retail Group Retracts Startling Claim About ‘Organized’ Shoplifting
The National Retail Federation had said that nearly half of the industry’s $94.5 billion in missing merchandise in 2021 was the result of organized theft. It was likely closer to 5 percent.
Posted inBritish American Tobacco PLC Company Reports E-Cigarettes Reynolds American Inc Smoking and Tobacco
British American Tobacco Writes Down Value of Brands by $31 Billion
British American Tobacco told investors that it had reassessed the “useful economic lives” of some of its brands amid waning sales and a shift toward vaping.