Walgreens Stock Rises Despite Soft Profit Outlook
October 13, 2023 : Walgreens Boots Alliance (WBA) stock rose more than 4% on Thursday, even after the company reported fiscal fourth-quarter earnings that fell short of expectations. The retail pharmacy giant offered soft profit guidance for the coming year as it expects demand for COVID-19 vaccines and tests to continue to decline.
Adidas Head of North America Steps Down
October 11, 2023 : Rupert Campbell, the president of Adidas North America, has stepped down from his position, effective immediately. Campbell has been with Adidas for 11 years and has held various leadership positions in the company, including managing director of Russia, Ukraine, and Kazakhstan.
Klarna Takes Aim at Google and Amazon with AI Image Recognition Tool for Shopping
October 11, 2023 : Klarna, the Swedish buy now, pay later (BNPL) giant, aims at Google and Amazon with its new AI image recognition tool for shopping. Currently, in beta testing, the tool will allow users to point their phone at an item of clothing or electronics and find similar products directly within the Klarna app.
Alibaba’s Lazada Courts Sellers Affected by Indonesia’s E-Commerce Ban on Social Media
October 10, 2023 : Alibaba’s Lazada is courting sellers affected by Indonesia’s recent e-commerce ban on social media platforms like TikTok. The company has waived fees for all sellers in Indonesia, specifically doing livestream sales on Lazada, and has offered support to help them onboard to its platform.
PepsiCo Beats Wall Street Estimates, Raises Earnings Outlook
October 10, 2023 : PepsiCo Inc. on Tuesday reported third-quarter earnings and revenue that beat analysts’ expectations and raised its outlook for its full-year earnings.
Walmart and SoftBank Invest in AI and Robotics Concepts to Automate Warehouses
October 9, 2023 : Walmart and SoftBank have invested in a joint venture called GreenBox Systems, developing an AI-powered robotics system to automate warehouses. The system uses a combination of robots, cameras, and sensors to pick and pack items and then load them onto trucks for delivery.
Mexican Liquors and Beers on the Rise in the U.S., Driven by Changing Demographics and Consumer Trends
October 9, 2023 : Mexican liquors and beers are booming in popularity in the United States, with sales of tequila, mezcal, and Mexican beer all increasing significantly in recent years. This growth is driven by several factors, including changing demographics, shifting consumer trends, and effective marketing campaigns.
Levi Strauss Cuts Full-Year Sales Forecast Again as Inflation Weighs on Consumers
October 6, 2023 : Levi Strauss & Co., the maker of iconic jeans brand Levi’s, cut its full-year sales forecast for the second time in three months on Thursday, citing the impact of inflation on consumers.
Clorox shares slide after company says cyberattack hit sales hard
October 6, 2023 : MedAlliance, a pioneering Swiss medical device startup, has been acquired by Cordis, a Johnson & Johnson company, in a landmark USD 1.135 billion deal. The acquisition, announced on October 6, 2023, is expected to close in the first half of 2024.
Banesco USA Expands Commercial & Industrial and Domestic Premier Banking & Residential Lending Capabilities
October 5, 2023 : Banesco USA, a Florida state-chartered bank with $3 billion in assets, announced the expansion of its commercial & industrial (C&I), domestic premier banking, and residential lending capabilities today.
