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The Latest Breaking News from Neil Saunders

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

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

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read the most diverse news in one place.

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

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

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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

Why the Kroger Merger Should Scare Amazon, Walmart, and Target

It's not creating fewer choices, it's creating another rival for Walmart, Target, Amazon, and Costco.

The Street

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

Tupperware's future in doubt amid weak financial position

New York (AFP) - Is the Tupperware era ending?The 77-year-old US company, known for its trademark plastic food storage containers, warned of "substantial doubt" about its ability to keep operating in light of its poor financial position, according to a recent regulatory filing.

AFP

US inflation slows in March but remains above Fed target

New York (AFP) - US consumer inflation slowed in March, according to data released Wednesday, but remained well above the Federal Reserve's target despite numerous interest rate hikes over the last year.

AFP

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

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The Guardian - UK

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

Axios

How the COVID-19 pandemic transformed restaurants and stores

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

AFP

Walmart, Home Depot cautious on 2023 as inflation bites

New York (AFP) - Walmart reported better profits than expected for the critical holiday-season quarter Tuesday, but offered a cautious outlook on the year ahead as inflation squeezes consumers.

AFP

Cautious Walmart outlook hits shares despite solid Q4 profits

New York (AFP) - Walmart reported better-than-expected profits over the critical holiday-season quarter Tuesday, but offered a disappointing outlook as inflation weighs on consumers.

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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

AFP

US inflation eases but policymakers' battle not over

Washington (AFP) - Rising rent and a gasoline price rebound helped keep US consumer prices elevated in January, according to government data released Tuesday, signaling that policymakers' battle against inflation is not over.

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.

AFP

US Fed downshifts all-out campaign to tame inflation

Washington (AFP) - The Federal Reserve moderated its all-out campaign to cool US inflation Wednesday, lifting the benchmark lending rate by a half percentage point as its policy actions ripple through the economy.

AFP

US Fed expected to slow pace of rate hikes as inflation eases

Washington (AFP) - US central bankers opened the second day of a key policy meeting Wednesday, with growing anticipation of a smaller hike to the Fed's benchmark lending rate as surging inflation shows signs of easing.

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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