According to its retail manager, Ingka Group, which owns the majority of IKEA furniture stores, is planning additional price reductions as some input costs decline. This is a change from price increases implemented last year to combat skyrocketing inflation. At the end of August, the
According to data from Adobe Analytics, discount-hunting consumers purchased Pokemon cards, TVs, and air fryers on Cyber Monday, driving sales to $11.3 billion and making it the biggest US online shopping day in history. According to data from Adobe Analytics, which gauges e-commerce performance by
According to new information on Thanksgiving spending, more holiday shoppers are delaying paying their bills with buy-now-pay-later apps, even financing less expensive items. According to Adobe, spending on these apps increased 1.3% over Thanksgiving, but Salesforce data shows a 6% decline in the average order
According to a survey, pizza is anticipated to be a common substitute for turkey at Thanksgiving dinners as hosts and guests alike deal with rising prices for traditional fare. According to a survey by online financial advisor Personal Capital, 33% of those planning to celebrate
Tuesday saw a 1% increase in Meta shares following an apparently false report that CEO Mark Zuckerberg intended to retire in 2023. The report, which Meta swiftly refuted, came as Zuckerberg was already under increasing pressure from irate shareholders who were complaining about his extravagant
Following a difficult year in the role, Disney has unexpectedly reinstated popular predecessor Bob Iger and fired CEO Bob Chapek. The business announced Sunday night that Chapek had resigned and that Iger, who will leave Disney at the end of 2021, will take over as
Jeff Bezos, the founder of Amazon, and his longtime girlfriend Lauren Sanchez exclaim in their first interview together that “teamwork makes the romance work.” During a sit-down interview with CNN, fourth-richest man in the world Bezos and journalist Sanchez expressed their love for one another.
A dinner plate near you may soon contain lab-made meat. The Food and Drug Administration’s declaration that chicken raised in laboratories is “safe to eat” could completely alter how food is processed in the United States. The agency’s statement, which was released on Wednesday, is
According to The Post, UberEats is launching quick-delivery services for Big Apple bodega owners who have been hurt by competition from fast-delivery apps like Gopuff and Gorillas. Customers pay a $2.99 fee and receive their orders in about 30 to 60 minutes. The merchants do
The cost of admission to Disney World’s four parks will increase starting next month, with the Magic Kingdom’s price expected to nearly double for the holidays. The Mouse House, which last week released its annual financial report and reported record sales for the year, revealed
In anticipation of an impending recession, Apple CEO Tim Cook said the most valuable company in the world will halt hiring while other tech giants make cuts. Cook acknowledged in a Monday interview with “CBS Mornings” that the current state of the economy has forced
This holiday season, retailers plan to promote smaller and less expensive toys in an effort to entice wary consumers as inflation drives up the cost of everything from gas to groceries. According to MGA Entertainment’s CEO Isaac Larian, who also produces the LOL Surprise and
Amazon unveiled its new ‘Sparrow’ sorting robot, which could soon replace some human warehouse workers. The robot is intended to identify and sort specific products along Amazon’s fulfillment line, a task that was previously only performed by humans. “Sparrow is the first robotic system in
Inflation eased slightly in October from the punishing levels seen in recent months, but high prices continued to put pressure on American households even as the Federal Reserve works to reduce them. The Consumer Price Index — a closely watched measure of the cost of
On Wednesday, Walt Disney shares fell 11% to their lowest level since March 2020, as rising costs at the entertainment conglomerate’s fast-growing streaming division cast a shadow over strong subscriber additions. Disney+ has attracted millions of subscribers and will launch an ad-supported tier next month,
A California man who claimed Skittles were “unfit for human consumption” due to the presence of a known toxin has had his federal lawsuit against Mars dismissed. Jenile Thames’s case was voluntarily dismissed on Monday, according to a filing by his lawyers in Oakland, California.
Microsoft’s $69 billion acquisition of Activision is drawing increased scrutiny from regulators, and some insiders at the game studio behind “Call of Duty” are concerned that the Xbox maker could effectively derail the deal, according to The Washington Post. The proposed deal, in which Microsoft
Yeezys may have been canceled by Adidas, but the shoes remain a hot commodity among sneakerheads. Following Kanye West’s controversial statements, including anti-Semitic remarks, Adidas has joined the ranks of corporations that have severed ties with the rapper, announcing this week that it will no
According to court documents, a former housekeeper for Jeff Bezos has filed a lawsuit against the billionaire Amazon founder for alleged racial discrimination and “unsafe” working conditions. Mercedes Wedaa, Bezos’ former housekeeper, claimed that she and other staffers were denied easy access to bathrooms in
Concerns about a “meat recession” are growing as the holidays approach. As the cattle herd continues to shrink, online meat delivery company Good Ranchers warned consumers on social media that “a meat recession is knocking and supply is about to be tight.” “Due to droughts,
