Retail

The proposed merger that would've combined six luxury brands owned by Capri and Tapestry was abandoned by the companies due to regulatory challenges posed by an FTC lawsuit.

The holiday shopping season may not be as merry for retailers this year, with a recently released report suggesting they could see less sales growth over the festive period.

Estimates from Coresight Research highlight how retail closures this year reached the highest level since the COVID-19 pandemic. Retailers announced 6,481 store closures as of Nov. 8.

Continental Dairy Facilities Southwest recalled over 79,000 pounds of Costco Kirkland Signature butter last month because the packaging may not have an allergen disclaimer about milk.

An extensive Le Creuset cookware set with a four-figure price tag of $4,999.99 is up for sale at Costco. It contains 170 pieces of cookware from the French brand.

American Freight is shuttering all of its locations and kicking off store closing sales as part of Chapter 11 bankruptcy proceedings by its parent company.

Popular shoe retailer Steve Madden announces it will "rapidly" pull back its China-based production by up to 45%, just days after Trump's 2024 election win.

Retail executives have said that they've been seeing a decrease in shrink. However, industry experts say this doesn't mean that retail theft has decreased.

National Retail Federation CEO Matthew Shay issued concerns about President-elect Trump's proposed tariffs, saying it could drive up prices and result in job losses.

Starbucks CEO Brian Niccol wants to return the company to its coffeehouse roots. Analysts are optimistic, though they say the company will face near-term headwinds.

Casual dining chain TGI Fridays Inc. filed for Chapter 11 bankruptcy in Texas on Saturday with the company's executive chairman saying it still has not fully recovered from the COVID-19 pandemic.

Two people have been charged after allegedly swiping over $1 million in gold and jewelry during a recent Nashville, Tennessee, jewelry store heist, according to the Metro Nashville Police Department.

The Labor Department on Friday released the closely watched October jobs report, which showed that hiring slowed down as the economy added 12,000 jobs.

High-end fitness company Peloton, which has struggled in the post-pandemic world, has tapped another chief executive to try to turn around its business.

McDonald's said that it continues to face slow traffic in back-to-back quarters, especially among its lower-income consumer. Here's what the company is doing to change that.

The U.S. economy grew at a 2.8% annual rate in the third quarter, according to Commerce Department data released Wednesday. That pace is slightly slower than what economists forecasted.

Inter Ikea CEO Jon Abrahamsson Ring, who oversees the franchisees in all 63 of the company's markets, believes housing conditions will improve over the coming fiscal year.

Two more products were added to Costco's recall list this due to concerns of listeria, a foodborne illness especially dangerous for pregnant women.