Charter Communications, which operates Spectrum, has completed a billion-dollar acquisition of one of its top rivals as it looks to improve customer retention. Spectrum’s cable and broadband businesses have faced significant customer losses for years, and the trend has continued in recent months. In the second quarter of this year, the company lost 172,000 internet
Jersey Mike’s (JMKE) capped its first month as a public company with a brief upward run that has since faded. The stock climbed as much as 8.8% over the past month before giving back those gains, and shares now trade back near the $23 IPO price. Then Loop Capital stepped in with a call that
For years, the artificial-intelligence explosion has been largely invisible to customers, taking place within vast data centers crammed with pricey chips. Apple wants to bring more of it to your desk. Apple (AAPL) on Aug. 25 introduced its M6 and M5 Ultra CPUs and new Mac mini and Mac Studio models, bringing a lot more
For the vast majority of my life, even as a retail expert who has covered the industry for over 30 years, I never thought much about supply chains outside of work. When I went to a grocery store, it nearly always had what I wanted. During the Covid pandemic, however, supply chains became a dinner
Chains including Marshalls, TJMaxx, and Costco have made the treasure hunt a key part of their business model. Merchandise changes regularly, so you never know what you might find, and the prices generally beat traditional retail. That’s supposed to drive repeat visits from shoppers looking for a deal. “These stores represent a kind of treasure
A major sportswear retailer is reshaping its store footprint as it integrates a recently acquired business, and the results suggest the strategy is coming at a much higher price than the company and investors expected. The retailer has been closing locations, reviewing underperforming assets, and taking hundreds of millions of dollars in related charges. Now,
Coca-Cola (KO) has spent nearly a century tying itself to Christmas. Its decades of Santa advertising, starting in the 1930s, helped popularize and cement the jolly, red-suited Santa Claus most people picture today. That connection sells a lot of soda every December. Now the beverage giant wants a second holiday to call its own, and
Every valuation is a story that someone agreed to believe. In private markets, that story gets told in a conference room, signed by a handful of investors, and then repeated for years as if it were a fact. Nobody has to test it. There is no daily quote, no crowd of skeptics pricing the risk
A popular sports bar and grill chain has abruptly closed four restaurants, cutting its footprint by 20%, less than two years after a new owner acquired the brand. The closures come as restaurant chains across the country continue to deal with severe challenges stemming from rising food and labor costs, shifting consumer habits, and aggressive
Fall is one of the most predictable seasons in the restaurant industry. As temperatures begin to drop, major chains roll out limited-time flavors to bring customers back for familiar favorites. And few seasonal flavors have become as recognizable as pumpkin spice. This fall, however, McDonald’s is taking a different approach, discontinuing a longtime favorite nationwide.