AS400-NEWS.COM: Top News and Analysis

Top News and Analysis: Retail

07/22/2019

JC Penney: We haven't hired advisors 'to prepare for an in-court restructuring or bankruptcy' J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisers to explore debt...
22:48, 07/19/2019

Walmart announces executive shuffle to further integrate stores and digital Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by...
18:48, 07/19/2019

Missed Amazon Prime Day? You can still find the best back-to-school deals Back-to-school spending this year is forecast to top $80 billion with American families spending between $700 and $1,000 dollars on students. Amazon a...
17:32, 07/19/2019

Elizabeth Warren attacks the private equity industry with new regulation proposals Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules ...
15:48, 07/18/2019

Amazon says this year's Prime Day surpassed Black Friday and Cyber Monday combined Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day...
15:48, 07/17/2019

Kohl's says let the holiday hiring season begin Kohl's is kicking off its holiday hiring extra early for the second straight year as retailers vie to find skilled workers in a tight labor marke...
15:16, 07/17/2019

Biggest Amazon Prime buy of all may start the day after the sale ends Amazon Prime Day is expected to set a new sales record for the online retail giant, bringing in close to $6 billion this week, but another big Amazon ...
19:00, 07/16/2019

Fear missing out? Amazon knows it—and uses it to make Prime Day sales Amazon's marketing for its annual Prime Day plays on our fear of missing out on deals and discounts. Experts weigh in on the consumer psychology ...
15:32, 07/14/2019

How skin care and K-beauty became big moneymakers for the beauty industry The beauty industry's revenue is expected to grow within the next four years to more than $379 billion dollars, according to an IBISWorld report,...
18:48, 07/12/2019

Fred's will close 129 stores and hold clearance sales. Here's a map of each location Discount retailer Fred's said it will close another 129 stores and hold clearance sales as the company works to repay debt and diversify its prod...
18:48, 07/12/2019

Amazon Prime Day to test one-day delivery as value of sales could soar to as much as $6 billion Amazon Prime Day, which begins in just three days, will test the company's promise to provide one-day shipping for more than 10 million products ...
18:48, 07/12/2019

American Eagle Outfitters is following rival Abercrombie & Fitch by getting into the CBD business Teen apparel retailer American Eagle Outfitters is following in rival Abercrombie & Fitch's footsteps by getting into the booming CBD business an...
16:48, 07/11/2019

Lululemon just opened a sprawling, 20,000-square-foot store in Chicago — here's what it looks like Lululemon on Thursday morning is opening its biggest store ever, in the Lincoln Park neighborhood of Chicago. You can do a lot more than just shop the...
16:48, 07/11/2019

America's 10 most expensive states to live in 2019 These states are the most expensive places to live in America, according to CNBC's 2019 Top States for Business study released Wednesday. CNBC sc...
18:00, 07/10/2019

Back-to-school spending won't give retailers much of a boost this year, survey says Consumers shopping for back-to-school clothing, school supplies and electronics are expected to spend $27.8 billion this year, up just 1.8% from 2018,...
07:16, 07/10/2019

Burger King adds $1 tacos to its menu for a limited time Burger King announced today that it is offering $1 tacos nationwide for a limited time. The chain had also previously served tacos on its menu around ...
15:32, 07/09/2019

Amazon workers are reportedly planning a Prime Day protest Amazon employees in Minnesota are reportedly planning a strike on Prime Day this year, as the company is promoting its faster delivery options but not...
19:48, 07/08/2019

Are Beyond Meat's plant-based burgers healthier than red meat? Dietitians say no. Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren'...
18:00, 07/04/2019

Nathan's hot dog eating contest offers the frank a rare chance to shine The humble hot dog is a common sight at Fourth of July celebrations, and is an established part of the American diet. But the category has been stagna...
15:00, 07/04/2019

Nike should've done their research on 'Betsy Ross' flag, says Motus One CEO Nike should've anticipated the controversy surrounding the early American flag on the sneakers it has since pulled, and the decision the company ...
16:48, 07/03/2019

From saving Chrysler to buying Jeep, here are Iacocca's greatest achievements Lee Iacocca transformed the auto industry during a legendary career that stretched from the birth of the Ford Mustang through the death of American Mo...
06:16, 07/03/2019

Adidas' social media campaign backfires, sending out anti-Semitic tweets A social media campaign celebrating the launch of Adidas' new gear for the Arsenal soccer team in London went array Monday, with the retailer...
17:48, 07/02/2019

Nike pulls sneakers with 'Betsy Ross' American flag after Colin Kaepernick complains Nike pulled sneakers that featured an early American flag after former NFL football player Colin Kaepernick told the company it shouldn't sell a ...
10:32, 07/02/2019

Corona brewer CEO says 'We'd always be ready' if Trump levies tariffs on Mexican beer Constellation Brands CEO Bill Newlands said Friday that the brewer of Corona and Modelo would be ready if President Donald Trump put tariffs on Mexica...
23:32, 06/28/2019

Secondhand luxury retailer The RealReal jumps almost 50% after IPO The shares jumped from an IPO price of $20 apiece Thursday to almost $30 in morning trading on the Nasdaq under the symbol REAL, giving it a prelimina...
18:00, 06/28/2019

Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear Nike sold more sneakers and gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion....
00:16, 06/28/2019

Trump official defends Wayfair bed sale to border camp. How else can they keep kids comfortable? "Those who are protesting Wayfair's sale of beds for unaccompanied alien children need to ask themselves what the alternative should be to keep t...
18:00, 06/27/2019

Wayfair customers call for boycott after employees protest bed sales to border detention camps Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses...
19:32, 06/26/2019

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans ...
16:32, 06/26/2019

Home Depot CEO says company hopes to cut costs to reduce impact of tariffs on consumer prices Home Depot CEO Craig Menear said the company aims to minimize any impact that potential tariffs will have on customers by cutting costs elsewhere in t...
02:16, 06/25/2019

How to future-proof companies and CEOs: Highlights from CNBC Evolve CNBC recently held Evolve in New York City. Among the highlights: Best Buy chairman Hubert Joly on the secrets to his amazing retail turnaround and Th...
22:48, 06/21/2019

Elon Musk's flamethrower incenses New York lawmakers. State Senate passes bill banning the weapon The New York State Senate passed a bill to make possession of a flamethrower for recreational use a crime, specifically calling out Elon Musk and the ...
19:16, 06/21/2019

I tried out a vegetarian diet for 21 days. Here's what I learnt about the growing meatless movement. Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores wheth...
06:48, 06/20/2019

Target's stock drops after weekend register meltdown Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other soc...
18:00, 06/17/2019

US companies' message to Trump: Don't expand China tariffs Businesses, trade groups, and individuals have written to complain that tariffs would drive up prices for consumers, squeeze profits, and leave U.S. c...
15:16, 06/17/2019

Jim Cramer: Put Chewy on the shopping list and buy it on a pullback "Even after today's magnificent run, Chewy isn't all that expensive. The company's got a great growth story and they have legions of lo...
01:32, 06/15/2019

Chewy CEO says the online pet retailer isn't thinking about selling CBD Pet owners are increasingly using CBD to treat their animals, but Chewy CEO Sumit Singh said ahead of the company's market debut that the retaile...
17:48, 06/14/2019

Chewy, PetSmart's online business, soars 85% after pricing at $22 per share Following the IPO, PetSmart will remain majority owner of Chewy. It will use proceeds from the IPO for working capital and general corporate purposes,...
17:48, 06/14/2019

Why Home Depot failed in China In 2006, Home Depot bought the Chinese home improvement company Home Way and its 12 stores in the country. By 2012, Home Depot had totally exited the ...
17:48, 06/14/2019

MGA Entertainment CEO says Mattel will be bankrupt 'within a year or so' after takeover bid rejected MGA Entertainment CEO Isaac Larian said toymaker Mattel will be bankrupt "shortly, within a year or so" after the rival company rejected MGA's ta...
04:00, 06/14/2019

Jim Cramer reviews which retail stocks are working and which you should stay away from "There's a market for high-end luxury goods and low-end mass market merchandise, but right now there's not much space in between," the "Mad ...
04:00, 06/14/2019

Cramer: Shares of Michael Kors' parent company are cheap — go with the bulls The Michael Kors parent held an analyst meeting earlier this week in which management laid out its growth plans, but it yielded conflicting opinions f...
04:00, 06/14/2019

Retailers fight back: Bricks-and-mortar brands are figuring out online sales, boosting their stocks A number of retailers, like Lululemon and Best Buy, and restaurants over the past few weeks have reported explosive growth of e-commerce sales, helped...
22:00, 06/13/2019

Beyond Meat's stock briefly tumbled after Tyson Foods touts plans to sell plant-based nuggets Shares of Beyond Meat were up slightly Thursday after falling about 4% in premarket trading after Tyson Foods announced plans to launch plant-based nu...
19:48, 06/13/2019

Retailers RH, Oxford Industries plan to hike prices to soften the impact of China tariffs Retailers RH and Oxford Industries revealed major steps, including shifting production out of China and raising prices, to cushion the impact of the t...
15:48, 06/13/2019

Target makes the latest move in delivery wars with Walmart and Amazon Target is bringing its same-day delivery option to the masses, marking the latest move in an ongoing and heated battle over delivery involving the big...
06:16, 06/13/2019

Gary Vaynerchuk: I've seen this side hustle generate up to $100,000 for kids in debt Gary Vaynerchuk, serial entrepreneur turned social media mogul, may be worth $160 million but he still loves a good side hustle. He has witnesses a gi...
11:16, 06/12/2019

Walmart will save $30 million by putting new step stools in its warehouses CEO Doug McMillon said Walmart will save at least $30 million this year by putting lighter-weight step stools in its distribution centers for workers ...
22:48, 06/07/2019

Elliott Management to acquire Barnes & Noble for $683 million Billionaire Paul Singer's firm already owns Britain's biggest bookseller, Waterstones. Adding Barnes & Noble could give Elliott buying lever...
15:32, 06/07/2019

Beyond Meat shares surge 27% as analysts predict more robust sales growth ahead Shares of Beyond Meat surged 27% in premarket trading Friday after analysts raised their price targets following the company's first quarterly re...
15:32, 06/07/2019

Walmart is going to start delivering groceries inside shoppers' homes Starting this fall, nearly 1 million people across three cities — Kansas City, Missouri, Pittsburgh and Vero Beach, Florida — will have access to Walm...
06:16, 06/07/2019

Stitch Fix CEO says it's getting better at finding the most valuable customers for its service Shares of Stitch Fix rose nearly 15% Thursday after the online personal styling company reported Wednesday that it beat earnings and sales expectation...
23:00, 06/06/2019

Elliott Management reportedly in lead to acquire bookseller Barnes & Noble The retailer said last year it was exploring a sale after having received "expressions of interest" from "multiple parties," including its chairman, L...
20:32, 06/06/2019

Apparel giant Forever 21 exploring restructuring as retail continues to take hits The talks come as the apparel industry continues to struggle amid sweeping changes. A number of retailers that cater to teens have filed for bankruptc...
23:32, 06/03/2019

Costco sold someone a $400,000 diamond ring Warehouse retailer Costco said during its latest quarter ended May 12 it got a sales boost thanks to a customer purchasing one of its rings for more t...
22:16, 05/31/2019

Apparel retail earnings haven't been this bad since the Great Recession Apparel retailers' earnings are down 24% for the first quarter of 2019, Retail Metrics said, the group's worst since the first quarter of 20...
22:16, 05/31/2019

Canada Goose shares are cratering more than 20% on the luxury coat maker's weak sales outlook Canada Goose shares are falling after the high-end coat maker missed quarterly sales estimates and said it expects slower sales growth in the coming y...
17:00, 05/29/2019

Foot Locker is kicked to the curb, and one technical analyst says it's on track for new lows Foot Locker got roughed up last week. Charts suggest it could see short-lived relief, but beware a fake rally, says Piper Jaffray's Craig Johnson...
17:48, 05/28/2019

Casper, Kylie Jenner's billion-dollar mattress, could be an IPO market sleeper Over 800,000 Instagram likes from Kylie Jenner's followers does not alone make mattress start-up Casper worth billions, but recent hot performanc...
19:32, 05/26/2019

Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company repo...
04:00, 05/23/2019

Lowe's tumbles as earnings fall short and forecast cut as higher costs weigh on results Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the yea...
15:48, 05/22/2019

Dressbarn is about to close 650 stores — here's a map of these locations As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses...
23:32, 05/21/2019

Good food is bringing people to the mall. And they're spending more money when they get there Forty percent of customers will choose a center to shop at based solely on the food that's there, JLL found in a new study. And nearly 38% of peo...
22:00, 05/20/2019

Kohl's lands deal with Fanatics to sell its licensed sports gear online Kohl's has signed a deal with Fanatics to sell the sports marketplace's licensed gear, including NFL jerseys and NBA T-shirts, on Kohls.com....
15:32, 05/20/2019

Men are a multibillion dollar growth opportunity for the beauty industry The men's personal care industry is predicted to hit $166 billion by 2022, according to Allied Market Research. Last year, men's skin-care p...
21:00, 05/18/2019

Here's how we're different from Starbucks, says CFO of China's Luckin Coffee on IPO day The CFO China's Luckin Coffee says the tech-based beverage company's business model is setting itself apart from U.S. coffee giant Starbucks...
16:33, 05/17/2019

This Chinese facial recognition start-up can identify a person in seconds Shanghai-based YITU Technology has gained wide recognition for its facial scan platform that can identify a person from a database of at least 2 billi...
17:00, 05/16/2019

Nike's 'inclusive' image at risk if it fails women athletes, brand experts say Olympic athlete Alysia Montano said when she told then sponsor Nike she wanted to have a baby during her career, the sports giant told her it would pa...
17:00, 05/16/2019

As China's growth slows, CEO of Burger King's parent focuses on the long-term opportunities As Restaurant Brands International aims to surpass 40,000 stores in the next eight to 10 years, some of its new stores will be in China, which is seei...
22:16, 05/15/2019

Walmart confirms it is weighing an IPO for British supermarket Asda Walmart has confirmed it is considering an IPO for British supermarket arm Asda, after its proposed merger with domestic rival Sainsbury's was bl...
14:48, 05/15/2019

Despite Walmart's new next-day delivery move, some experts still like Amazon more Walmart' next-day delivery plan has Wall Street wondering if it can give Amazon a run for its money — but some experts say it's a tough comp...
14:48, 05/15/2019

Walmart announces next-day delivery, firing back at Amazon Walmart's rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California this week, before reaching 75% of the country by ...
08:16, 05/14/2019

Why every US company has a stake in Bed Bath & Beyond's heated boardroom war Bed Bath & Beyond's board of directors is now majority female, more diverse and younger. But its activist investors are worried they lack the rel...
15:32, 05/09/2019

Nike thinks you're probably wearing the wrong size shoe. Here's what it's doing to fix that Nike is launching Nike Fit this July in North America to solve what it calls "a massive source of friction for the industry as a whole:" finding the r...
15:00, 05/09/2019

Papa John's swings to a loss as fallout from spat with founder weighs on profits Papa John's reported first-quarter net loss of $3.80 million, or 12 cents per share, down from a net income of $17.4 million, or 52 cents per sha...
00:48, 05/08/2019

Misconduct at Kraft Heinz puts spotlight on employee pressure to meet bonus targets A number of former employees, executives and suppliers who spoke to CNBC say the culture at Kraft Heinz incentivized employees to first and foremost h...
21:00, 05/07/2019

Amazon Go opens for the first time in New York. And the cashier-free store will accept cash Amazon Go at Brookfield Place in New York will also start accepting cash, Amazon said, after the company faced some backlash over "discrimination" con...
12:00, 05/07/2019

Walmart is opening dozens of veterinary clinics in its stores and launching an online pet pharmacy Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners wh...
10:32, 05/07/2019

Executive turnover at Kraft Heinz continues as chief marketing officer departs Kraft Heinz announced last month its long-time CEO, Bernardo Hees is stepping down on June 30 and will be replaced by former Ab InBev CMO, Miguel Patr...
00:48, 05/07/2019

Check out the scenes from this year's Berkshire Hathaway shareholder meeting At the "Woodstock of Capitalism," shareholders posed for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and bought other...
00:48, 05/07/2019

Trump's escalated trade war with China could hit California ports especially hard An escalation of U.S.-China trade tensions could deal a severe blow to California's ports and economy, potentially putting at risk thousands of j...
00:48, 05/07/2019

Wayfair shares plunge 12% as losses widen, hurt by high costs Shares of Wayfair plunged as much as 12% Thursday after the company reported a double-digit gain in revenue, but a greater-than-expected loss for the ...
20:48, 05/02/2019

Ikea is downsizing and moving into Manhattan with its first 'city center' store in 2019 Ikea will open its first location in Manhattan, which will also be its first smaller-format shop, this spring. Ikea's move comes as many retailer...
20:00, 05/01/2019

The world's biggest shopping holiday is in China — not the US. Here's how Singles Day became No. 1 Chinese retail giant Alibaba made a record $30.8 billion worth of sales across in 24 hours, at its annual Singles Day shopping event on November 11 th...
20:00, 05/01/2019

Meet the 28-year-old who wants building computers and coding to be as easy as playing with Lego Alex Klein, CEO of Kano, went from reporting stories as a journalist to helping create a start-up that teaches people to build their own computers and...
20:00, 05/01/2019

Feds expand beef recall as salmonella outbreak broadens to 246 cases in 26 states More than 5 million more pounds of raw beef products have been added to a national recall over concerns about possible salmonella contamination, and t...
20:00, 05/01/2019

Alibaba to open first e-commerce trade hub in Europe Belgium is the first European country to sign up to the Electronic World Trade Platform (eWTP), an initiative proposed by Alibaba co-founder Jack Ma i...
20:00, 05/01/2019

Mall owners know they are too reliant on the dying department store chains Even with Sears and Bon-Ton filing for bankruptcy protection this year, and shutting hundreds of locations, department stores still account for more t...
20:00, 05/01/2019

Pizza Hut to acquire online ordering service to learn more about customers Pizza Hut has agreed to acquire QuikOrder, an online ordering software and service provider for restaurants, in a move to access more data about its c...
20:00, 05/01/2019

CVS CEO has a fix for those mile-long receipts — here's how it works "There's a way to get all of that digitally on your phone," along with the coupons and ExtraBucks rewards, CVS CEO Larry Merlo tells CNBC's ...
20:00, 05/01/2019

Arizona lettuce growers were 'sweating bullets' waiting for romaine E. coli advisory to end Lettuce growers say they knew immediately that November's E. coli outbreak linked to romaine lettuce likely originated on California farms, but U...
20:00, 05/01/2019

Wall Street set to tank again | Oil prices fall 4% | Canada arrests Huawei's CFO A day off has done nothing to improve Wall Street's mood following Monday's sharp losses, with futures indicating another slump at the Thurs...
20:00, 05/01/2019

Untuckit, the company known for its untucked shirts, is eyeing valuation greater than $600 million Untuckit, known for shirts designed to be worn untucked, has hired investment bank Morgan Stanley to raise money in a deal it hopes will value it at m...
20:00, 05/01/2019

Cheesecake Factory's free cheesecake promotion goes awry, one person arrested A free cheesecake promotion celebrating Cheesecake Factory's 40th anniversary turns ugly as orders and DoorDash delivery drivers flood restaurant...
20:00, 05/01/2019

Walmart CEO worries what consumers will have to pay if trade war escalates Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMill...
20:00, 05/01/2019

Futures lower after market whiplash | Jobs report set | Bitcoin falls 11% U.S. stock futures are pointing to a lower Wall Street open ahead of the Friday session, with momentum from a late Thursday rally off lows failing to ...
20:00, 05/01/2019

Altria to invest $1.8 billion in cannabis company Cronos Group, exits some e-cig brands Altria Group says it has agreed to buy a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion, a sign of the new world ...
20:00, 05/01/2019

Altria shutters its e-cigarette brands as it eyes Juul, awaits iQOS decision Altria on Friday said it would discontinue its MarkTen and Green Smoke e-cigarettes. The company is weighing a significant minority stake in competito...
20:00, 05/01/2019

Home Depot CFO Carol Tomé to retire at the end of August She will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. McPhail joined Home Depot in 2005....
02:48, 05/01/2019

The biggest mall owner in the US 'can't guarantee' there won't be more retail wreckage this year Simon Property Group is anticipating the pace of retail store closures will slow after a nasty start to the year, but its CEO won't make any prom...
23:00, 04/30/2019

One of the most valuable malls in America is getting a makeover Unibail-Rodamco-Westfield's Garden State Plaza mall in Paramus, New Jersey — considered one of the top 10 shopping malls in the U.S. based on sal...
23:00, 04/30/2019

Domino's CEO: 'Some random third party' won't deliver our pizza As competition with third-party delivery services heats up, Domino's CEO is rejecting the idea that the pizza chain should outsource its delivery...
18:48, 04/28/2019

Tyson Foods sold its stake in alternative protein company Beyond Meat Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 bil...
18:48, 04/28/2019

Macy's shares rise 2% on report retailer may build office tower on top of flagship New York store Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New ...
18:48, 04/28/2019

Chipotle earnings top estimates as digital sales double, boosts same-store sales outlook Chipotle Mexican Grill on Wednesday reported earnings and revenue that beat analysts' expectations after doubling its digital sales during the qu...
18:48, 04/28/2019

CVS will bring hundreds of SmileDirectClub shops to its stores this year CVS Health will open "hundreds" of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next t...
18:48, 04/28/2019

UK regulator blocks Sainsbury's merger with Walmart-owned Asda Britain's competition regulator has blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda — a huge bl...
18:48, 04/28/2019

Venmo has digital user base putting heat on Square and banks, but no plan to profit from it PayPal's Venmo is seeing huge growth, with 40 million users disclosed for the first time, but CFO John Rainey says the company is in no rush to g...
18:48, 04/28/2019

Strong sales of Barbie, 'Jurassic Park' toys help stem Mattel losses, shares soar Shares of Mattel skyrocketed as much as 14 percent after the closing bell Thursday after the company posted a narrower earnings loss than analysts had...
18:48, 04/28/2019

California governor signs internet sales tax law California's Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state ...
18:48, 04/28/2019

Starbucks CEO calls Chinese rivals' use of discounts unsustainable as Luckin Coffee prepares for IPO Starbucks is facing increased competition in China, particularly from upstart Luckin Coffee, but CEO Kevin Johnson remains optimistic about its long-t...
18:48, 04/28/2019