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The Latest Breaking News from Neil Saunders

US Economic Uncertainty Means Bigger 'Black Friday' Discounts

The retail sector's efforts to entice holiday gift purchases builds to a crescendo this weekend with the annual "Black Friday" shopping day followed by the newer "Cyber Monday."

International Business Times

Stephanie Linnartz ended a successful run at Marriott to become CEO at struggling Under Armour. ‘I believe in taking calculated risks’

Linnartz hopes to turn around a company hurt by slumping growth and controversies surrounding its founder.

Fortune

Rosalind Brewer out as Walgreens CEO

Her departure after less than three years comes after a tumultuous time that included COVID-19 disruptions and corporate layoffs.

Chicago Sun-Times

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Management consultants can make great CEOs—but they have to get their hands dirty first

Some 47 Fortune 500 CEOs have spent time as management consultants but first took more junior roles.

Fortune

Thinking of buying a new pair of jeans? Breaking down the cost over time might help you decide

Shoppers are looking beyond just the price tag of a skirt or a pair of pants in the wake of still stubbornly high inflation

The Independent UK

Amazon begins offering grocery delivery for customers who are not Prime members

Amazon has begun offering its Fresh grocery delivery service to customers who aren’t Prime members

The Independent UK

Black Friday in July: Walmart, Target, Best Buy compete against Amazon Prime Day

Food deals are also in the forecast Tuesday when Subway gives away free sandwiches and 7-Eleven free Slurpees.

Axios

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Parents turn to local baby stores as big-box chains falter

MINNEAPOLIS — First-time parents-to-be Katie and Andrew Beiswenger bounced back and forth on more than 20 glider chairs at the Baby Grand store in St. Louis Park before they tried their luck testing car seats.

Tribune News Service

A $1.8 trillion student debt burden set to again threaten US consumers

The U.S. Supreme Court’s ruling throwing out President Joe Biden’s student loan relief plan will likely further dent consumer spending at a time when the main engine of the economy is already stalling.

Tribune News Service

Former Met PC says she made mistakes on Wayne Couzens flashing case

Samantha Lee tells hearing she could not have prevented kidnap and murder of Sarah Everard

The Guardian - UK

Tupperware is in financial trouble. But some still show love for the venerable food-storage system

PHILADELPHIA — In December 1999, Guinness World Records listed the 10 greatest inventions of the 20th century.

The Philadelphia Inquirer

With its stock price tumbling, Tupperware warns it could go out of business

Tupperware said it is reviewing several aspects of its company, including its cash management, real estate portfolio for property available and possible layoffs.

Chicago Sun-Times

How to solve a problem like John Lewis? Retail experts give their views

Richer Sounds founder, former Selfridges chief, Riverford co-owner and others on whether the chain has the right strategy

The Guardian - UK

How the COVID-19 pandemic transformed restaurants and stores

How, when and where we eat and shop is different than three years ago.

Axios

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Nottingham Post

Loving Nottinghamshire son's plan to fulfil father's 'special' wish following stage four cancer diagnosis

Neil has been battling his illness since last year

Daily Mirror

Amazon set to begin its largest jobs cull in history affecting 18,000 employees

Tech giant Amazon has started to axe over 18,000 jobs which is the largest in their 28-history as the company looks to adapt to the gloomy economic outlook

Axios

More Macy's stores to close in 2023. See the list of closing locations.

The new year brings a new round of Macy’s store closings.

Tribune News Service

Under Armour refocuses on teen athlete market as its second-quarter earnings beat expectations

BALTIMORE — Shares of Under Armour surged Thursday morning after the Baltimore-based brand beat Wall Street’s expectations for second-quarter earnings.

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Los Angeles Times

Collectors are dumping Kanye West’s once-coveted shoes and clothes

For sneaker aficionado Manuel Cruz, shoes have always been much more than something to wear.

Axios

Kroger snaps up Albertsons in grocery megamerger

The deal for two of the nation's largest grocery chains is valued at $24.6 billion.

The Independent UK

TikTok going big on US e-commerce? Job listings offer clues

TikTok appears to be deepening its foray into e-commerce

Los Angeles Times

'I need to go to therapy soon, and by therapy I mean Target.' Roaming the aisles as self-care?

LOS ANGELES -- On days she feels particularly stressed, Shamita Jayakumar knows the quickest way to ease her mind.

Asharq Al-Awsat

California Sues Amazon for Allegedly Thwarting Lower Prices

California filed a lawsuit Wednesday accusing Amazon of using its market influence to prevent merchants from offering buyers better deals elsewhere online, in violation of state antitrust law. Amazon pressures merchants not to list items at lower prices on other websites, which hurts sellers and consumers, California Attorney General Rob…

Axios

Holiday shopping season starts early amid inflation

Walmart unwrapped its annual top toy list Tuesday, nearly a month earlier than last year.

The Independent UK

Amazon to shutter virtual health care service Amazon Care

Amazon is shutting down the hybrid virtual, in-home care service it’s spent years developing

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