Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process

A sign is seen as Activists participate in an event dubbed the Un-Birthday Party and picket line for Starbucks CEO Howard Schultz on July 19, 2022 in New York City. Activists gathered near Schultz’s West Village home on his 75th birthday to protest the treatment of Starbucks workers attempting to unionize, as well as Schultz’s …

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China's domestic tourism is on track to bounce back from pandemic lows, says Fitch Ratings

China’s domestic tourism — a key indicator of retail spending — is on track to make a comeback after dipping to an all-time low during the nation’s worst lockdowns, according to official data and analysts.  Since the mainland’s biggest lockdown in Shanghai ended in late May, the increase in holiday bookings has indicated that tourism …

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The 'lipstick index' is back — and retailers are trying to cash in

Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta Beauty shops with prestige brands. Melissa Repko | CNBC As prices creep up, some people have decided against getting a new outfit, delayed big purchases like TVs or cancelled Netflix accounts. But for now, they’re …

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Ultra-rich fueling sales of luxury brands despite inflation and recession fears

Prices for food, gas and travel have soared over the past year –  but the rich appear to be shrugging it off and are still fueling sales at luxury companies, where sneakers can go for $1,200 and sports cars easily top $300,000. Companies that cater to the ultra-rich, including Ferrari and the parent companies of …

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Peloton slashing 780 jobs, closing stores and hiking prices in push to turn profit

Peloton told employees Friday that it is slashing roughly 780 jobs, closing a significant number of its retail stores and hiking prices on some equipment in a bid to cut costs and become profitable.  The company did not specify how many of its 86 retail locations it plans to shutter, but said an “aggressive” reduction …

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Best Buy cuts jobs across the country, after warning of slower sales

Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said on Friday that it is cutting jobs across the country about two weeks after it warned it was seeing weaker sales than expected. A Best Buy spokeswoman, Carly Charlson, declined …

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Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’

A selection of men’s clothes packaged by Trunk Club, which was shuttered earlier this year after Nordstrom bought the personal styling service in 2014. Source: Trunk Club After earning a master’s degree a decade ago, David Hill wanted to amp up his personal style and signed up for the Trunk Club, which promised to mail …

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Back-to-school shopping takes 'a major financial toll' amid high inflation. Here's how to save on supplies for the fall

Customers shop for back-to-school supplies at a Target store in Colma, California. David Paul Morris | Bloomberg | Getty Images As parents know all too well, it’s hard to cut back when it comes to the kids. Despite more households living paycheck to paycheck, this year’s total back-to-school spending is expected to match last year’s …

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McDonald's says it's planning to reopen some restaurants in Ukraine

People are stand queue to McDonald’s in central Kyiv, Ukraine, on 29 May, 2020. STR | Nurphoto | Getty Images McDonald’s said Thursday that it is planning a phased reopening of some of its restaurants in Ukraine, where the company noted other businesses are safely operating. The fast-food company said in a message posted to …

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Warby Parker slashes sales outlook for the year as loss widens

A general view of the atmosphere at Warby Parker’s store in The Standard, Hollywood Michael Buckner | Warby Parker | Getty Images Warby Parker on Thursday joined the slew of retailers that have cut their financial forecasts for the year, even as it reported a narrower-than-expected loss in its fiscal second quarter and sales in-line …

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