Costco's Walmart strategy, Nike's turnaround, and Taco Bell's Nvidia play: Retail news roundup
Costco (COST) is reportedly following Walmart’s lead in demanding price cuts from its Chinese suppliers as U.S. tariffs impact costs. Meanwhile, chipmaker Taco Bell is teaming up with chipmaker Nvidia on new AI tech to boost its global restaurant operations. Nike’s turnaround is showing signs of progress, with its new CEO Elliot Hill attributing the improvement on a renewed focus on sports. On the other hand, egg prices have dropped significantly, but consumers may not see savings at checkout just yet.Checkout these stories and more in this week’s retail roundup.
Costco follows Walmart’s lead on tariffs
Costco is reportedly demanding price cuts from its Chinese suppliers as U.S. tariffs continue to take a toll.
Chipmaker Taco Bell taps chipmaker Nvidia
Two chipmaking giants are joining forces.
Nike’s turnaround is starting to work, thanks to sports
Nike’s (NKE) turnaround plan is beginning to show results, thanks to a renewed focus on sports, its new CEO Elliott Hill said while unveiling better-than-expected fiscal third-quarter earnings.
Egg prices are finally going down. It may take a while to see
Egg prices have dropped sharply, but consumers won’t see relief at the checkout counter just yet.
Amazon’s top 10 Big Spring Sale deals
Amazon’s (AMZN) Big Spring Sale 2025 is just around the corner, running from March 25 through 31, giving shoppers an opportunity to score big deals across a wide range of categories.
Amazon’s super-cheap Haul is struggling to keep up with Temu and Shein
Amazon’s (AMZN) Haul, the retail giant’s attempt at offering low-cost products, has yet to capture the attention of U.S. consumers in the way it bargained for.
Starbucks has to pay California driver $50 million over hot tea spill
Starbucks has been ordered to pay $50 million to a California delivery driver who suffered severe burns when a hot drink spilled onto his lap at a Los Angeles drive-through in Feb. 2020.
5 big changes Starbucks has made this year
Starbucks has been making big changes as part of its “Big Fix.”
Temu and Shein aim for U.S. market supremacy — challenging Amazon’s hold
Temu and Shein, two Chinese fast-fashion giants, are determined to increase their dominance in the U.S. market, challenging Amazon’s efforts to capture a share of the budget-friendly e-commerce space.
Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now
2024 was a tough year for retailers and restaurants across the U.S., and 2025 may present a similarly challenging landscape.
From Hooters to Waffle House, the 10 restaurant chains seeing the biggest price increases
Food prices at casual dining chains have surged in recent years, far outpacing the national inflation rate.