A customer enters an American Eagle store in Miami, Florida on April 4, 2025.Joe Raedle | Getty ImagesAmerican Eagle on Tuesday said it is writing off $75 million in spring and summer merchandise and withdrawing its full-year guidance as it contends with slow sales, steep discounting and an uncertain economy.The...
Category: News
Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook
Justin Sullivan | Getty Images News | Getty ImagesKrispy Kreme stock plunged 24% on Thursday after the doughnut chain said it is "reassessing" its rollout with McDonald's and pulled its full-year outlook in part due to economic "softness."Krispy Kreme is not planning to launch its doughnuts in any additional McDonald's...
Mattel CEO says toy manufacturing won’t come to America, but price hikes will
One of the goals of President Donald Trump's 145% tariffs against China is to drive manufacturing back to America. But the odds of that are low, at least when it comes to toys."We don't see that happening," Mattel CEO Ynon Kreiz said on CNBC's "Squawk Box" on Tuesday, less than...
‘Dumpster fire’: Retailers urge shoppers to buy now before tariffs raise prices
Retailers bracing for consumer spending to drop are using President Donald Trump's trade war as a marketing strategy, urging consumers to buy now before tariffs lead to price increases or potential shortages. A host of private and direct-to-consumer brands such as Beis, Bare Necessities, Fashion Nova and Knix have mentioned tariffs...
United cuts Newark schedule after hundreds of flight disruptions, blaming FAA staffing, technology problems
United Airlines airplanes proceed to a runway at Newark Liberty International Airport in Newark, New Jersey, on Feb. 20, 2025.Gary Hershorn | Corbis News | Getty ImagesUnited Airlines will cancel 35 roundtrip flights a day from its schedule at Newark Liberty International Airport in New Jersey after thousands of passengers faced...