Here’s why a multi-million toy business is venturing into the metaverse

Here's why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old … Read more

Here’s why a multi-million toy business is venturing into the metaverse

Here's why a multi-million toy business is venturing into the metaverse

When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old … Read more

Why the retail industry is facing a bankruptcy wave

Why the retail industry is facing a bankruptcy wave

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning … Read more

Online lottery ticket firm Jackpot gets funding from top sports execs

Online lottery ticket firm Jackpot gets funding from top sports execs

Online lottery ticket company Jackpot announced Wednesday that it closed on $35 million in series A funding, led by some of the biggest names in sports who see the promising growth potential in digital lottery sales. The cash infusion could enable Jackpot to start rolling out its website and app later this year in select … Read more

Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Bonobos founder who helped transform Walmart opens up about mental health struggles

Bonobos founder who helped transform Walmart opens up about mental health struggles

Burn Rate: Launching a Startup and Losing Your Mind Andy Dunn’s start-up, Bonobos, was being courted for an acquisition by retail giant Walmart. It was a thrilling process, but the co-founder and former CEO of the online menswear brand knew it was time to disclose his secret: He had bipolar disorder. In his new book, … Read more

Why Franchise Group wants to buy Kohl’s and what could happen next

Why Franchise Group wants to buy Kohl's and what could happen next

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including the Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 … Read more

Target warns of squeezed profits from aggressive inventory plan

Target warns of squeezed profits from aggressive inventory plan

Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The retailer slashed its profit margin expectations for the fiscal second quarter to account for a wave of goods winding up deeply discounted or on … Read more

Walmart welcomes back annual hometown bash, acknowledges challenge of inflation

Walmart welcomes back annual hometown bash, acknowledges challenge of inflation

Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, during a CEO Innovation Summit, on December 6, 2018 in Washington, DC. Mark Wilson | Getty Images FAYETTEVILLE, Ark. — Thousands of Walmart employees gathered at a huge … Read more

Walmart to open high-tech fulfillment centers to ship online orders faster

Walmart to open high-tech fulfillment centers to ship online orders faster

Walmart is building four high-tech fulfillment centers that will simplify and speed up the picking and packing of online orders. The first one will open this summer in Joliet, Illinois. walmart Walmart is building warehouses with a high-tech spin in hopes of delivering items to customers more quickly and growing its online business. The retailer … Read more