Constellation Brands Inc's Rob Sands is stepping down as CEO, ending an era in which the family-backed alcohol producer became one of the biggest beer brewers in the United States and placed a multi-billion dollar bet on the cannabis industry.
BENGALURU Indian online retailer Flipkart, owned by Walmart Inc, expects bumper sales during the annual festive season that just kicked off, as it boasts that U.S. rival Amazon Inc is losing relevance in India.
Sales at Conagra Brands Inc fell short of Wall Street estimates on Thursday as the packaged food company sold fewer products at full-price to restaurants and caterers, weakening profit and sending the company's shares lower.
Nike shares fell as much as 3 percent on Wednesday after the company disappointed Wall Street by not raising its full-year forecast following a sales boost from its Colin Kaepernick ad campaign.
Coca-Cola Co is closely watching the fast-growing marijuana drinks market for a possible entry that would expand the world's largest soft drink maker's ambitions further away from sugary sodas. | Video
U.S. supermarket chain Kroger Co missed quarterly same-store sales estimates on Thursday, sending shares down as much as 11 percent, as changes to the way it stocks merchandise on shelves kept some customers away from its stores, analysts said.
Macy's Inc said on Wednesday it would hire 80,000 temporary workers for the holiday season, in line with last year's initial hiring, and deploy more hands to cater to the avalanche of online orders expected in the shopping period.
Sept 4 Shares of Nike Inc fell 3 percent
on Tuesday as calls for a boycott of the sportswear giant gained
traction on social media following its choice of Colin
Kaepernick as a face for the 30th anniversary of its "Just Do
Abercrombie & Fitch Co failed to take full advantage of an unusually long summer in Europe as its stock of Hollister brand of summerwear could not keep up with increased demand in the second quarter, sending its shares down as much as 14.6 percent. | Video