Tag Archives: business

Axios reports: Bed Bath & Beyond coupons that never expire finally expired. Tuesday was the last day to use the iconic blue coupons — which households across the country have stowed away for years — before they are worthless. The company’s gift cards won’t have value for much longer, either. But consumers may still be able to snag deals during …

Axios reports: In a worldwide push called “Sunrise 2027,” the retail industry is transitioning from the standard 12-digit barcode — that square of vertical lines that’s printed on a package and makes it go “beep” at the checkout scanner — to a two-dimensional web-enabled version. The effort is being orchestrated by GS1 US, the nonprofit standards organization that oversees the …

The New York Daily News reports: Food-storage company Tupperware’s stock tumbled on Monday after warning it could be on the brink of going out of business after nearly 80 years. The 45% slide came after the company announced it had hired financial advisers to help keep the company solvent amid “substantial doubt about the company’s ability to continue as a …

ABC News reports: Bed Bath & Beyond told Nexstar Monday that it will be closing 87 additional stores, an announcement that comes days after the beleaguered home goods chain said it had defaulted on its loans. Bed Bath & Beyond said the closures are being done to increase efficiency as the company works with advisors to “consider multiple paths” as …

TechCrunch reports: In a financial filing on Thursday, T-Mobile revealed that a hacker accessed a trove of personal data belonging to 37 million customers. The telecom giant said that the “bad actor” started stealing the data, which includes “name, billing address, email, phone number, date of birth, T-Mobile account number and information such as the number of lines on the …

USA Today reports: On the heels of Amazon beginning its latest round of layoffs that cut thousands of jobs, the e-retailer announced it plans to shut down its charity donation program. The online retailer and cloud computing giant donates a percentage of eligible purchases on the site to the shoppers’ chosen charity organization through the program AmazonSmile, launched a decade ago. Amazon said it has donated at least $449 …

CNN Business reports: Party City filed for bankruptcy protection Tuesday after years of losses and weak sales. The largest party goods and Halloween specialty retail chain in the United States said in a regulatory filing that it reached an agreement with debtholders to cut its $1.7 billion debt load. The company said it secured $150 million in financing that will …

Business Insider reports: Elon Musk is closing many international Twitter offices as he continues to cut costs and try to find ways the company can make money. At least a dozen international offices are closed or in the process of closing, according to two people familiar with the company and messages seen by Insider, along with several more in the …

ABC News reports: The holiday meltdown at Southwest Airlines last month cost the company as much as $825 million in lost revenue and added expenses, the company said in a government filing on Friday. Southwest, the largest domestic airline in the U.S., canceled more than 16,000 flights over an 11-day period at the end of December, the filing said. Southwest …

The New York Times reports: Bed Bath & Beyond, the beleaguered home goods retailer, warned investors on Thursday about the darkening prospects for its future, saying that bankruptcy was a possible option. The company reported preliminary earnings, noting lower sales and slower foot traffic compared to the prior year. The company said its sales were about $1.3 billion for the …

Politico reports: Ill-fated hopes that a Democratic-controlled Washington might loosen decades-old restrictions on the drug have given way to a market glut and plummeting prices that have put scores of businesses at risk of collapse. In Colorado, prices have dropped by 51 percent over the last two years. The price of a pound of weed has plunged by 36 percent …

Via press release from Walmart: As of Dec. 15, 2022, Walmart drone delivery is available in select markets in Texas, Arizona and Florida. Many customers in the Tampa, Orlando, Phoenix and Dallas areas can take advantage of same-day delivery via drone. We continue to expand our delivery operations to help customers get the items they need when they need them, …

CNN Business reports: Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed infusion of cash. The average Sears Hometown store is only 8,000 to 10,000 square feet, a fraction of the size of the average full Sears, which is …

The Hill reports: Twitter CEO Elon Musk on Sunday suggested the platform will dramatically increase character limits on tweets from 280 to 4,000. “Elon is it true that Twitter is set to increase the characters from 280 to 4000?” one user tweeted at the social media platform’s new owner. “Yes,” Musk responded. Such a change would shift Twitter away from …

Reuters reports: Elon Musk’s Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths, according to documents reviewed by Reuters and sources familiar with the investigation and company operations. Neuralink Corp is developing a brain implant it hopes will help paralyzed …

NPR reports: It’s official: 2023 is the year of magenta. That’s according to the Pantone Color Institute, the authoritative consultancy that’s christened an “it color” every year for more than two decades. Its latest pick is none other than Viva Magenta 18-750, which it describes as “a shade rooted in nature descending from the red family and expressive of a …

CNBC reports: Say goodbye to the airline call center −at least at Frontier Airlines. The budget carrier last weekend completed its transition to online, mobile and text support, which enables it to ensure that customers get “the information they need as expeditiously and efficiently as possible,” spokeswoman Jennifer de la Cruz told CNBC in an e-mailed statement. Passengers who call …

Axios reports: The Supreme Court agreed Monday to hear a dispute between Jack Daniel’s and a dog toy company that sells chewable “Bad Spaniels” whiskey bottles. The case carries implications for trademark law — and a number of companies, like Levi Strauss and the makers of Campbell Soup, have filed amicus briefs on the topic. Jack Daniel’s asked the Supreme …

Reuters reports: Seven Democratic senators sent a letter on Thursday to the Federal Trade Commission, warning that Twitter, now owned by Elon Musk, was acting in disregard of users and urging the agency to investigate any breach of a consent decree that the FTC inked with Twitter. The lawmakers, including Senators Richard Blumenthal and Elizabeth Warren, asked the agency to …

Reuters reports: At least $1 billion of customer funds have vanished from collapsed crypto exchange FTX, according to two people familiar with the matter. The exchange’s founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried’s trading company Alameda Research, the people told Reuters. A large portion of that total has since disappeared, they said. One …