As French protesters took to the street this week over the country’s escalating debt crisis, poor school conditions, and political gridlock, retailers were caught in the crossfire. More than 3,000 businesses were looted or damaged over the weekend, according to Commerce Minister Serge Papin, including shops in Paris’s Les Halles district. Those shops included Hermes,
Most arcades in the 1980s and ’90s had one. A glass box in the corner, stuffed with plush bears and off-brand cartoon characters, where you would throw away your money for the chance to claw at something you didn’t really want. The claw would drop, close on a bear’s head and lift it, then either
Nearly two decades after the first iPhone, most smartphones still follow Apple’s template. “Consumer tech’s becoming pretty boring,” says Charlie Smith, chief brand officer at Nothing, the London-based upstart which is aiming to break the mold. “Everyone just copied the success of Apple, which was about minimalism, aluminum, and glass. [Tech] really lost a lot
In 2002, a Houston Chick-fil-A restaurant manager sued the chain for discrimination, Forbes reported. The employee, who is Muslim, said he was fired one day after refusing to pray to Jesus along with their fellow coworkers during a training session. At the time, Jerry Johnston, a spokesperson for Chick-fil-A, told the Houston Chronicle that the
Kroger wants to make grocery shopping cheaper, and part of its plan is a smaller corporate workforce. The supermarket giant plans to eliminate about 3,000 corporate roles over the next three years as it expands its use of AI and overhauls operations. CEO Greg Foran says the restructuring will help fund lower prices and investment
The first rate hike in three years is in the books. The Fed is officially taking direct steps to slow inflation. Meanwhile, the equity market’s worst-performing sector this year has already been pricing in a slowdown. Anyone caught off-guard by the recent consensus around a rate hike clearly hasn’t been paying attention to consumer discretionary
