Meritage Hospitality Group, one of the largest Wendy’s franchisees in the United States, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Western District of Michigan, according to court documents and company announcements reported by CNBC and Capital Digest. The filing follows consecutive quarters of slumping sales at the burger chain … Read more
Toyota Motor dealers face tight inventory for the RAV4 crossover utility vehicle, leaving lots across the United States with only a few days’ supply, according to Jessica Caldwell, head of product insight at Edmunds. Strong consumer demand paired with deliberate production limits on the vehicle’s new all-hybrid lineup has created conditions for the suburban segment. … Read more
Wella Company, the hair and nail care firm backed by global investment firm KKR, filed for a U.S. initial public offering on Monday, according to Reuters. The move adds to a growing list of consumer companies looking to tap investor interest in public markets, setting the stage for a major listing on the New York … Read more
Best Buy reported fiscal second-quarter earnings that surpassed Wall Street expectations, posting adjusted earnings of $1.47 per share on $9.78 billion in revenue, according to LSEG analyst surveys. The consumer electronics retailer cited strong computing sales, a $34 million tariff refund benefit, and improved customer demand as key drivers behind the performance, prompting incoming CEO … Read more
Dick’s Sporting Goods reported second-quarter earnings that missed Wall Street expectations and lowered its financial outlook for the year, driven by a challenging athletic footwear and apparel marketplace, according to financial disclosures released on August 25, 2026. The retailer posted adjusted earnings per share of $3.53 on revenue of $5.59 billion, falling short of analyst … Read more
Livestreamed shopping startup Whatnot closed its latest round of funding at a $20 billion valuation, according to a company release issued on Friday, nearly doubling its valuation from less than a year ago. The $545 million Series G round was led by Iconiq, Lightspeed, and Avra. Valuation Growth and Funding History Whatnot’s rapid financial ascent … Read more
According to CNBC, Procter & Gamble reported mixed quarterly results on Wednesday, missing Wall Street’s revenue expectations as consumer demand weakened across multiple product divisions. Shares of the consumer goods giant fell more than 3% in premarket trading following the report, which highlighted persistent value-consciousness among shoppers. P&G Fiscal Fourth-Quarter Results vs. Wall Street Expectations … Read more
Shein swung to a $99 million quarterly loss in the first quarter of 2026, according to pre-IPO financial filings released on Sunday. Regulatory Pressures and U.S. Revenue Decline The online retailer posted a net income of $395 million during the same period a year earlier. According to the draft prospectus, the downturn was partly driven … Read more
Global cocoa prices are starting to ease from historic highs, falling 34% over the past year to trade at $5,327 per metric ton, according to market data. Despite the relief in the underlying commodity—which surged to nearly $12,000 per metric ton at the end of 2024 from its typical $2,000 to $3,000 historical range—major chocolate … Read more
The company will restrict its online footprint to its official website, mobile app, and flagship stores on Tmall, JD.com, and Douyin. This strategy aims to curb pricing inconsistency and brand fragmentation in a region that’s already shrunk about 30% in the last five years, according to company data. Consolidating the Digital Marketplace Currently, Nike products … Read more