Breaking News

Rite Aid files for bankruptcy | CNN Business

[ad_1] New York CNN  —  Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise. Its bigger rivals, CVS and Walgreens, are also […]

Breaking News

5 takeaways from America’s landmark lawsuit against Amazon | CNN Business

[ad_1] Washington CNN  —  An antitrust lawsuit from 17 states and the Federal Trade Commission this week against Amazon represents the US government’s biggest regulatory challenge yet against the e-commerce juggernaut. The landmark case targets Amazon’s retail platform, alleging that it’s harmed shoppers and sellers alike on a massive scale. Through an alleged “self-reinforcing cycle […]

Breaking News

Dollar General shares tumble after it cuts forecasts, blaming a spending slump and theft | CNN Business

[ad_1] New York CNN  —  Dollar General slashed its sales and profit outlook for the year on Thursday, blaming headwinds including weaker consumer spending on non-essential purchases and increasing theft. Dollar General shares tumbled nearly 17% in pre-market trading Thursday. The discount store’s challenges are yet another sign of American consumers pulling back on shopping […]

Technology

TikTok Shop is now open for business | CNN Business

[ad_1] New York CNN  —  TikTok is officially kicking off its US e-commerce efforts with the launch of TikTok Shop. The short-form video platform launched an in-app shopping experience in the United States on Tuesday, according to a company blog post, after months of testing. TikTok Shop allows users to find and directly purchase products […]

Technology

Indonesia bans e-commerce transactions on social media in major blow to TikTok | CNN Business

[ad_1] Jakarta Reuters  —  Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, in a blow to short video app TikTok, which is doubling down on Southeast Asia’s biggest economy to boost its e-commerce business. The government said the move, which takes effect immediately, is aimed at protecting offline […]

Breaking News

Taylor Swift sets summer’s hottest dress code: Sequins, boots, cowboy hats | CNN Business

[ad_1] New York CNN  —  What’s the dress code of Summer 2023? Call it TikTok-approved coastal cowgirl aesthetic. Or, in other words, the Taylor Swift look. With the superstar entertainer pulling in record-breaking crowds for “The Eras Tour,” retailers across the country are marketing to “Swifties,” aggressively and inventively, as her 52-stadium tour hits their […]

Breaking News

2 cheerleaders were shot in a Texas supermarket parking lot after one opened the door to the wrong vehicle. A suspect is under arrest | CNN

[ad_1] CNN  —  Two teenage cheerleaders were shot after one said she mistook the suspect’s vehicle for her own in a supermarket parking lot near Texas’ capital – making this at least the third incident this week in which young people who’d made an apparent mistake were met with gunfire. Authorities arrested Pedro Tello Rodriguez […]

US News

So this is how the Tupperware party ends | CNN Business

[ad_1] New York CNN  —  Tupperware, an iconic brand that’s woven into the fabric of post World War II America, signaled this week that it could be on its last gasp. Known the world over for its plastic food storage containers and its sales parties, Florida-based Tupperware warned that the company was running out of […]

Breaking News

3 people were wounded in a shooting at a Delaware mall, police say | CNN

[ad_1] CNN  —  Three people were wounded in a “shooting incident” at a mall outside of Wilmington Saturday evening, according to Delaware State Police. Multiple law enforcement agencies and other emergency responders are on the scene at Christiana Mall where an investigation is underway, New Castle County Coordinator of Emergency Management Dave Carpenter Jr. told […]