America’s biggest companies say retail crime is an epidemic, but just how big of a problem is it?

America’s biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question.  Over the last several years, companies such as Home Depot, Lowe’s, Walmart, Best Buy, Walgreens and CVS have been sounding the alarm … Read more

FedEx hikes 2023 earnings forecast as cost-cutting initiatives bear fruit

In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued demand weakness at units including FedEx Express. FedEx now expects adjusted earnings per share for fiscal … Read more

Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017. Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast. Here’s how the company … Read more

Watch Jon Favreau talk streaming, storytelling and ‘The Mandalorian’

Nearly four years ago, Disney’s streaming service Disney+ launched with a new Star Wars series called “The Mandalorian.” Helmed by Jon Favreau and Dave Filoni, the western-inspired sci-fi show captivated audiences and launched a new era of Star Wars storytelling. Now in its third season, “The Mandalorian” has inspired Disney and Lucasfilm to invest in … Read more

The Oscar box office bump is shrinking

Michelle Yeoh in “Everything Everywhere All at Once.” Source: imdb The winner of the best picture award at Sunday’s Oscars may not get a box office bump for taking home the night’s biggest prize. It’s part of Hollywood’s evolution. The Covid pandemic and the rise of streaming have fundamentally altered the industry. The result has … Read more

Allbirds admits missteps, unveils new strategy after brutal holiday quarter

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Footwear retailer Allbirds on Thursday unveiled a broad overhaul of its strategy and an executive shake-up after failing to post year-over-year quarterly sales growth for the first time in … Read more

American Airlines pilots union calls strike authorization vote as contract talks continue

Pilots talk as they look at the tail of an American Airlines aircraft. Mike Stone | Reuters The American Airlines pilots union, the Allied Pilots Association, plans to vote in April on whether to allow members to call a strike as talks for a new labor contract continue. The vote notice comes two days after … Read more

How top women executives in sports and betting are leading by example

FanDuel CEO Amy Howe stands out in a crowd — in spite of her slight stature. In a room full of executives in the sports or gambling industries, she’s often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation’s market leader in sports betting. … Read more

Nordstrom earnings top expectations as retailer starts winding down Canada operations

Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store with shopper entering.  Jeff Greenberg | Universal Images Group | Getty Images Nordstrom on Thursday reported lower sales and profits for the holiday quarter, although earnings topped Wall Street’s expectations. The company said it expects sales to decline in the new fiscal year, reflecting … Read more

Salesforce shares jump 16% on better-than-expected forecast

Salesforce shares soared 16% in extended trading on Wednesday after the cloud software maker beat Wall Street estimates on profit and issued a better-than-expected forecast. Here’s how the company did: Earnings: $1.68 per share, adjusted, vs. $1.36 per share as expected by analysts, according to Refinitiv. Revenue: $8.38 billion vs. $7.99 billion as expected by … Read more