Forever 21, once a delightfully vibrant player in the fast fashion scene, is now standing precariously on the brink of financial collapse. According to insider sources, the retailer has recently engaged in discussions with liquidators, indicating its precarious situation as it contemplates a potential second bankruptcy filing. This bleak development comes in the wake of
Business
In an ambitious move that combines the might of a sporting giant with the sleekness of a contemporary shapewear brand, Nike has announced a partnership with Kim Kardashian’s Skims. This collaboration, branded NikeSKIMS, aims to carve a niche in the women’s activewear market, a sector that has seen explosive growth, particularly with competitors like Lululemon,
Shares of Roku experienced a noteworthy uptick, climbing over 10% after the company released its latest earnings report, which surpassed Wall Street’s expectations. This development marks a significant milestone as Roku’s stock reached a new 52-week high, signaling robust confidence in the company’s direction. An interview with CEO Anthony Wood on CNBC’s “Squawk Box” provided
Moderna, the biotech company that first captured global attention with its groundbreaking COVID-19 vaccine, reported its fourth-quarter earnings for 2024, showcasing a paradox of higher revenue but substantial losses. As the pandemic-driven boom subsides, Moderna finds itself in a critical phase of recalibrating its strategies while dealing with a market that no longer guarantees the
The restaurant industry is gearing up for a dynamic and tumultuous year ahead, marked by a challenging start in early 2025 that left many industry players grappling for stability. Unfavorable weather conditions, including extreme cold and wildfires, coupled with cautious consumer behavior, have led to a less-than-ideal outlook as executives navigate the shifting landscape. This
In recent years, an intriguing trend has emerged within the movie theater industry: the rise of specialty popcorn buckets and other merchandise. Traditionally integral to the movie experience, popcorn never commanded as much attention as its container did. Popcorn buckets, however, are evolving into a new form of collectible merchandise that enhances both the customer
The Federal Communications Commission (FCC) has initiated a significant investigation into Comcast Corporation’s diversity, equity, and inclusion (DEI) efforts. This announcement, conveyed through a letter, underscores the evolving landscape of corporate compliance and the regulatory scrutiny facing major media conglomerates. The inquiry specifically extends to Comcast’s multimedia branch, NBCUniversal, which encompasses various broadcasting and streaming
Olipop, a pioneering brand in the realm of prebiotic sodas, has made headlines recently with its impressive valuation of $1.85 billion following a $50 million funding round. This achievement underscores the burgeoning popularity of functional beverages, particularly those aimed at promoting gut health. Founded in 2018, Olipop has adeptly tapped into a growing wellness trend,
The automotive industry plays a crucial role in the U.S. economy, contributing significantly to employment and economic growth. However, the impending threat of increased tariffs, primarily on imports from South Korea and Japan, poses a disruptive challenge. As President Donald Trump contemplates further hikes in tariffs on U.S. trading partners, it is essential to unpack
In a startling move, the Consumer Financial Protection Bureau (CFPB) initiated mass terminations affecting a significant number of employees late Tuesday, primarily targeting those still in their probationary periods. This decision, which has raised eyebrows across the federal landscape, comes as part of a broader agenda orchestrated under the Trump administration, aimed at curbing the