COO and President Dan Sheridan of Brooks RunningCourtesy: BrooksThe longtime CEO of Berkshire Hathaway's Brooks Running, Jim Weber, is stepping down after more than 20 years in the top job, the company will announce Tuesday. Brooks veteran Dan Sheridan, who started at the running company in a marketing role in...
Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens.Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame...
Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington.David Ryder | Getty ImagesSouthwest Airlines said Tuesday that it will have to trim its capacity plans and reevaluate its financial forecasts for the year, citing delivery delays from Boeing, its sole...
Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country.The retailer struck a deal...
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across...
The Lego company grew sales 2% last year, even as the global toy industry saw sales slip 7%, according to data from Circana.The pandemic-era gains that fueled exponential toy industry sales growth waned in 2023 as consumers cut discretionary spending amid rising inflationary costs and increased credit card debt....
Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women's professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024.Omar Vega | Getty Images Sport | Getty ImagesAt 16 years old, Jessica Berman was one of those rare teenagers who knew exactly...
Nurphoto | Nurphoto | Getty ImagesPfizer is ready to move on from Covid. Now, the company is betting on cancer drugs to help it regain its footing after a rocky year marked by the rapid decline of its Covid business. It just might take a while before that bet pays...
A Portillo's Beef Bus in Kissimmee, Florida.Source: Portillo'sWhen Chicago-based Portillo's enters a new market, it sends its "Beef Bus" ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally...
Injection pens of Novo Nordisk's weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023.Victoria Klesty | ReutersThe Food and Drug Administration approved Novo Nordisk's blockbuster weight loss drug Wegovy for use in slashing the risk of serious cardiovascular complications in people with obesity...