fox-business/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 […]
Starbucks apologizes after teddy bear cups spark chaos nationwide
FOX Business’ Lauren Simonetti reports on the latest lawsuits hitting Starbucks as baristas in multiple states claim the company’s new dress code is illegal and forcing them to pay out of pocket. Starbucks has issued an apology to customers after the release of its limited-edition teddy bear–shaped holiday cup sparked chaos. The Seattle-based coffee giant […]
McDonald’s CEO warns high beef costs continue to strain restaurant industry
‘The Big Money Show’ panel discusses a decrease in fast-food sales and how they are affected by inflation. McDonald’s CEO Chris Kempczinski is warning that persistently high beef costs continue to strain the restaurant industry as inflation remains elevated. During the company’s third-quarter 2025 earnings call Wednesday, Kempczinski told investors that inflation has proven to […]
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 […]
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 […]
Coca-Cola rolls out cane sugar soda products in US after Trump push: report
Vontobel Portfolio Manager Markus Hansen unpacks the soda company’s performance and talks luxury stocks on ‘The Claman Countdown.’ Coca-Cola has reportedly begun rolling out soda made with cane sugar across the U.S., months after President Donald Trump urged the beverage giant to bring back the ingredient to its American products. A new 12-ounce, single-serve glass […]
Tesla battery defect prompts recall of thousands of cars across the U.S.
Valtrion CEO Rob Luna discusses why he’s holding Tesla stock long-term, his conviction in autonomous technology and AI and the small-cap stocks he says could lead the next market surge on ‘Making Money with Charles Payne.’ Tesla is recalling 12,963 vehicles in the U.S. over a battery pack defect that could cause a sudden loss […]
Ben’s Original recalls rice products over small stones contamination risk
Four individuals and one beloved fast-food clown statue are being tracked by authorities after the July 6 incident in Nesquehoning, Pa. (Credit: Eve Snyder via Facebook) Ben’s Original has issued a voluntary recall of several rice products sold across the United States due to the potential presence of small stones that could pose a risk […]
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 announces prescription kiosks at One Medical locations in Los Angeles
Two Amazon Air Prime delivery drones collided into a crane in a commercial area Wednesday in Tolleson, Arizona. (KSAZ) Amazon announced Wednesday it will launch “Amazon Pharmacy Kiosks,” a new service designed to help close the gap between doctor visits and prescription pickups. The kiosks, which will launch later this year at medical offices in […]