A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024.Scott Olson | Getty ImagesPatients, doctors and investors will soon learn a lot more about a new, more convenient treatment that could shake up the booming weight loss drug market.Eli Lilly...
Category: News
Take a look inside French luxury retailer Printemps’ first U.S. store
A piece of Paris has landed in New York City.French luxury retailer Printemps officially opened its first U.S. store this week in the city's Financial District. The retailer celebrated its opening on Friday, which coincided with the start of spring — its namesake.The 55,000-square-foot store spans two floors and carries...
Nike expects sales will plunge in current quarter as it faces tariffs, sliding consumer confidence
Nike on Thursday warned that sales will drop by a double digit percentage in its current quarter as the sneaker giant contends with new tariffs, sliding consumer confidence and a slower than expected turnaround.In a conference call with analysts, finance chief Matt Friend said Nike expects its sales decline in...
Taco Bell parent Yum Brands partners with Nvidia to speed up its use of AI
A Taco Bell fast-food restaurant and drive-thru at dusk in Gastonia, North Carolina.Jeff Greenberg | Universal Images Group | Getty ImagesTwo chipmakers are teaming up.Yum Brands is partnering with tech giant Nvidia to accelerate the use of artificial intelligence in its restaurants.The restaurant company, which owns Taco Bell, KFC and...
Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps
Ulta Beauty on Thursday issued weak guidance for the year ahead as it navigates a series of internal missteps, rising competition and what it called "consumer uncertainty."The retailer, which appointed Kecia Steelman as its new CEO in January, said it's expecting comparable sales to be flat or grow 1% in...