Target’s Sales Hit by Pride Month Merchandise Backlash
The retailer’s quarterly sales fell, in part because of boycotts over Pride-themed displays, and it cut its forecast for the full year.
Posted inChoo, Jimmy, Ltd Company Reports Fashion and Apparel Idol, John D Kate Spade & Co Luxury Goods and Services Mergers, Acquisitions and Divestitures Stuart Weitzman Holdings LLC Tapestry Inc Versace, Gianni, SpA
Tapestry and Capri Announce a Luxury Mega Merger
The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
Posted inCompany Reports Consumer Behavior Food Inflation (Economics) Kellogg Company Kraft Heinz Company Prices (Fares, Fees and Rates)
How Long Will Companies Keep Raising Prices on Consumer Goods?
As companies reported their latest quarterly earnings, their executives were frequently asked about their next moves on pricing.
Posted inAmusement and Theme Parks Company Reports Disney Plus Disney, Walt, World (Lake Buena Vista, Fla) Iger, Robert A Video Recordings, Downloads and Streaming Walt Disney Company
For Disney, Streaming Losses and TV’s Decline Are a One-Two Punch
The company has lost more than $11 billion on streaming since 2019 and experienced a sharp decline in its traditional TV business for the second straight quarter.