Disney blasts Scarlett Johansson over Black Widow streaming lawsuit

View of a billboard above the El Capitan Entertainment Centre promoting Marvel Studios’ ‘Black Widow’ on June 22, 2021 in Hollywood, California. AaronP/Bauer-Griffin | GC Images | Getty Images Disney has fired back against Scarlett Johansson Thursday after the Marvel actress filed a lawsuit against the studio for releasing “Black Widow” on Disney+. Johansson claims … Read more

Top apparel stocks including Nike and Lululemon are ready to climb, Cowen says

A man walks past the Nike logo seen in a window of a brand store in Kiev. Pavlo Gonchar | LightRocket | Getty Images Some of the top names in the apparel space could be poised for big jumps as the impact of growing digital sales comes into focus, according to investment firm Cowen. Source … Read more

McDonald’s taps company veteran as its first global customer officer

A pedestrian walks past an American fast-food hamburger restaurant chain McDonald’s logo seen in Hong Kong. Budrul Chukru | LightRocket | Getty Images McDonald’s announced Monday it has tapped company veteran Manu Steijaert as its first global chief customer officer in its latest step to improve the digital and in-person customer experience. In Steijaert’s new … Read more

How a Walmart worker with Down syndrome — and her sister — fought and beat the giant retailer after getting fired

Marlo Spaeth (left) was fired from Walmart in July 2015, after working there for nearly 16 years. Her sister, Amy Jo Stevenson, has been in a legal battle with the retail giant since then. She filed a discrimination complaint with the U.S. Equal Employment Opportunity Commission. Amy Jo Stevenson Marlo Spaeth lived for — and … Read more

Singapore retailers are reeling from further Covid measures as sales drop 70% for some

People inside a shopping mall in Singapore on May 15, 2021, ahead of tightening restrictions over concerns of a rise in Covid-19 coronavirus cases. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s brick and mortar businesses have been hit hard by Covid-19 and retailers have seen sales plummet significantly as a result of … Read more

The biggest job wage boom is blue collar, but will it last for workers?

Companies are in desperate need of workers across the country as the economic reopening collides with a tight labor market, but the boom in manual labor job wage growth pre-dates the pandemic. Donna Kauffman, co-owner of a landscaping design and construction company in Colleyville, Texas, said a tightened labor market has pushed her starting wage … Read more

Former Macy’s CEO says retailers welcome rising prices on apparel after stagnant decade

Retired retail executive Terry Lundgren told CNBC on Friday that rising inflation will not be a point of tension in the apparel market. Lundgren, former executive chairman and chief executive of Macy’s, said in fact the industry welcomes what he called a “modest” 5% increase in consumer prices after a decade of “nonexistent” apparel inflation.  … Read more

Oatly accused of overstating revenue and greenwashing by activist short Spruce Point

In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Activist short seller Spruce Point Capital Management has accused Oatly of shady accounting practices and misleading consumers and investors about its sustainability practices. The firm, which has taken a short position against the maker … Read more

PepsiCo and Conagra plan to battle rising costs with higher prices

A shopper reaching for a bottle of Diet Pepsi soda in a grocery store in Atlanta, Georgia. Chris Rank | Bloomberg | Getty Images PepsiCo and Conagra Brands both said on Tuesday that the plan is to pass along higher input costs to customers as inflation accelerates. Earlier, the Department of Labor reported that the … Read more

Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear … Read more