Starbucks CEO says company will fix ‘overly complex menu’ to reverse sales slump
Stacey Widlitz, founder of SW Retail Advisors, analyzes why Starbucks' stock price is soaring after announcing a new CEO on “Craman Countdown.'' Starbucks CEO Brian Nicol said the company plans to simplify its menu and revise its pricing strategy to win back customers and reverse declining sales. Nicol, who left Chipotle in August to lead […]
Louis Vuitton owner LVMH sales slump on weak China demand
Bernard Arnault's luxury fashion group LVMH led rival stocks lower on Wednesday after reporting disappointing sales due to weak demand in China. LVMH's fashion and leather goods division, which includes iconic brands such as Louis Vuitton and Dior, saw sales fall 5%, well below expectations for 4% growth. The sector's sales declined for the first […]
Aaron Judge snaps postseason slump, Yankees take 2-0 lead over Guardians in ALCS
If the saying is true that the series doesn't start until the home team loses the game, then the Cleveland Guardians are still waiting for the American League Championship Series to start. The New York Yankees defeated the Guardians 6-3 in Game 2 of the ALCS on Tuesday night, moving them two wins away from […]
Greg Zuerlein reveals kicking slump after costing Jets another potential win
Greg Zuerlein was responsible and brutally honest after missing two crucial short field goals in the Jets' 23-20 loss to the Bills on Monday night at MetLife Stadium. . Unfortunately for the 2-4 Jets, responsibility and integrity won't win games. And Zuerlein, who has been the Jets' kicker for the past two-plus seasons, cost his […]
IKEA annual sales slump 5% on weak housing market
IKEA said its annual sales fell 5% as consumers cut back on furniture purchases due to the housing market downturn. earnings report It was released on Thursday. A Swedish home decor retailer has slashed prices and promised further reductions in the future in a bid to win back cash-strapped customers. Inka Group, which owns most […]
Chipotle exec blames sales slump in California on inflation — not state’s $20 minimum wage
Chipotle President Jack Hartung said California consumers are spending less because of inflation and insisted that price hikes following the state's new $20 minimum wage were not a factor in the decline in sales. “I think it's a macro resistance to inflation in general and in California.” Hartung said in an interview with CNBC's Jim […]
Nike sales slump 10%, shares plunge as new CEO faces massive challenge
Nike withdrew its full-year sales forecast on Tuesday and also missed quarterly revenue expectations, sending its stock price down by the hour as the sportswear giant struggles with weak footwear demand amid stiff competition from emerging brands around the world. It fell 6% outside. The company previously expected annual sales to decline by a mid-single-digit […]
Mets’ J.D. Martinez ends career-worst slump at perfect time
MILWAUKEE — Against opposing right-handed hitter Colin Ray, the most logical decision would have been to put left-handed hitter Jesse Winker at designated hitter. However, Carlos Mendoza chose restart over baseball rationality. Hours before the game, the Mets manager included a prediction justifying the presence of J.D. Martinez in the order. “We signed this guy […]
China announces new measures to arrest housing slump and boost growth | Chinese economy
China's leaders acknowledged that the central bank's investment stimulus measures this week were likely to be insufficient and vowed to stem the housing market slump and boost growth. China's Politburo pledged the state would make “necessary expenditures” to meet this year's economic growth target of 5 percent, boosting transfers to the poorest and giving local […]
Mike Francesa questions Travis Kelce’s dedication amid slump
Mike Francesa said the Chiefs and head coach Andy Reid would be “foolish” to not question Travis Kelce's commitment to football while he's “flying around the world” with girlfriend Taylor Swift. Latest “Mike Francesa Podcast” The host discussed why the Chiefs tight end's performance has dropped off dramatically, suggesting he may be distracted by the […]