Retail

Coronavirus could cost Coach owner Tapestry $250M

Coach handbag maker Tapestry Inc cut its annual profit forecast on Thursday, warning of a sales hit of up to $250 million due to the coronavirus outbreak in China, where it has closed a majority of its stores.

7-Eleven tests first cashierless store at Texas HQ

7-Eleven is piloting its first cashierless store for employees at its headquarters in Irving, Texas, saying it will use algorithms and "predictive technology" to separate individual customers' purchases from other customers' purchases.