fox-business/industries/retail
Skims raises $225 million in funding, reaches $5 billion valuation
ReverseLogix.com CEO Gaurav Saran on how return fraud continues to hinder operations at retailers. Skims said Wednesday it has raised $225 million in new funding, boosting the shapewear and apparel company’s valuation to $5 billion. Founded in 2019 by Kim Kardashian and business partner Jens Grede, Skims plans to use the new funding to drive […]
Venmo to allow rent, mortgage, retail payments through major Bilt partnership
Check out what’s clicking on FoxBusiness.com. Venmo is taking a big step beyond splitting dinner bills. Starting in 2026, users will be able to make rent, mortgage and retail payments directly through the app, thanks to a “first-of-its-kind” partnership with major housing commerce platform Bilt Rewards. PayPal, which owns Venmo, made the announcement Monday. When […]
Neutrogena makeup wipes recalled over possible bacterial contamination
FDA commissioner Dr. Marty Makary outlines the issues associated with petroleum-based food dyes and the ‘bigger issue’ the agency aims to tackle on ‘The Evening Edit.’ Neutrogena is recalling some of its popular makeup wipes due to possible bacterial contamination. The recall covers 1,312 cases of Neutrogena’s “Makeup Remover Ultra-Soft Cleansing Towelettes” after testing revealed […]
Hormel recalls nearly 5M pounds of chicken over possible metal contamination
Check out what’s clicking on FoxBusiness.com. Hormel Foods is recalling nearly 5 million pounds of foodservice ready-to-eat frozen chicken products that may be “contaminated with pieces of metal,” according to a Saturday announcement from the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS). The Austin, Minnesota–based company traced the contamination to metal fragments […]
Century-old Lucchese keeps American cowboy boot craftsmanship alive
Doug Hogue, vice president of brand and product at Lucchese Bootmaker, told FOX Business that the Texas-based company has been handcrafting boots for more than 140 years. Lucchese Bootmaker has spent more than a century perfecting its craft and continues to take pride in manufacturing the majority of its products on U.S. soil. Founded in […]
Beer company Molson Coors announces 400 job cuts amid restructuring
Tilray CEO Irwin Simon explains his company’s cannabis-infused beer and discusses President Donald Trump’s decision on reclassifying marijuana on ‘The Claman Countdown.’ Molson Coors Beverage Company announced Monday that it plans to eliminate about 400 jobs by the end of the year, as part of a sweeping corporate restructuring plan. The cuts – which represent […]
FDA warns consumers to discard cinnamon products with elevated lead
FDA commissioner Dr. Marty Makary outlines the issues associated with petroleum-based food dyes and the ‘bigger issue’ the agency aims to tackle on ‘The Evening Edit.’ Federal health officials added more ground cinnamon brands to its health alert after detecting elevated levels of lead in the product. The Food and Drug Administration (FDA) said in […]
Outdoor retailer REI plans to close three Northeast stores in 2026: report
Storch Advisors CEO Gerald Storch discusses Adobe’s prediction that online spending this upcoming holiday season will grow at a slower pace on ‘Varney & Co.’ Outdoor retailer Recreational Equipment, Inc. (REI) reportedly plans to close three of its U.S. stores next year. The closures will affect REI locations across the Northeast, including Paramus, New Jersey, […]
Amazon holiday jobs offer $23 hourly pay for seasonal workers this year
Storch Advisors CEO Gerald Storch discusses Adobe’s prediction that online spending this upcoming holiday season will grow at a slower pace on ‘Varney & Co.’ Amazon is gearing up for the holidays with a plan to hire 250,000 works across its U.S. fulfillment and delivery network. The online commerce giant is hiring full-time, part-time, and […]
The iconic Hermès Birkin bag was born following a chance airplane mishap
Born from an in-flight mishap, the Hermès Birkin became more than a handbag—it redefined luxury, exclusivity, and desire. Author Marisa Meltzer explains the birth of the Birkin in her new book “It Girl.” The Hermès Birkin may now stand as the ultimate symbol of status and exclusivity, but it began by chance — the result […]