1. Uncategorized

AMC Hits Record Low and Struggles To Improve

Written by Posted on Less than 0 min read

AMC Entertainment Holdings Inc.’s stock is plummeting. The company’s shares marked a record low yet again this Thursday, closing at a meager $5.30, down by 5%. This makes it the fourth day in a row of losses for the movie theater chain.

View Original Article
Member since
RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with compelling content that goes well beyond conventional headline reporting. Each business morning, our editors post timely topics worthy of commentary by the RetailWire BrainTrust panel of industry experts and general readership. The results are virtual round tables of industry opinion and advice covering the most dynamic trends and issues affecting the retailing industry. https://retailwire.com/
Do you like RetailWire's articles? Follow on social!

More from RetailWire

  1. Department: Adult Beverage

Legal weed sales will top chocolate, craft beer and eggs this year

Legal marijuana sales are expected to surpass $33.5 billion this year, up $4 billion from 2022, according to a new report from MJBiz. Sales are expected to climb to $57 billion by 2028. View Original Article Cannabis Dept. Adult Bev Dept. Beverage Dept. Dairy Legal & Criminal Predictions and Forecasts RetailWire Member since October 25, […]
< 1 min read
0
  1. Associates & Employees

Walmart Wants Associates, Not Gig Workers, To Deliver More Orders as the Retailer Struggles To Verify the Identity of Its Spark Drivers

Walmart CEO Doug McMillon announced a shift in their delivery strategy, aiming to have more store associates handle online order deliveries, reducing reliance on gig workers through the Spark Driver app. McMillon stated that while independent contractors dominate deliveries through platforms like Spark, the number of associate deliveries is currently very small in comparison. Walmart’s… […]
< 1 min read
0
  1. Corporate Strategy

Billionaire Chewy Cofounder Ryan Cohen Takes Over as Gamestop CEO

Billionaire entrepreneur Ryan Cohen, co-founder of Chewy, has taken over as the CEO of GameStop, where he already held the position of executive chairman. Cohen, who owns a 12.1% stake in the company, succeeded former CEO Matt Furlong, who was dismissed after the company reported a larger-than-expected quarterly loss. Cohen won’t be receiving a salary… […]
< 1 min read
0
  1. Holiday & Events

Starbucks marks 25 years of holiday cups with 2022 entries

Starbucks first rolled out its holiday cup designs in 1997 and this year it is offering four new versions to put customers in the seasonal spirit. The coffee giant’s revenues grew 20 percent year-over-year during the 2021 holiday season. View Original Article Dept. Beverage Holiday & Events Restaurants RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Corporate Strategy

Peloton CEO Steps Down and Layoffs Begin

Peloton, the popular fitness technology company, has announced significant changes in its leadership and organizational structure. View Original Article Executives Health & Wellness Technology & Innovation RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over 18 years with […]
< 1 min read
0
  1. Merchandising

IKEA offers bigger discounts and funds to support cash-strapped employees

IKEA is offering employees around the world a chance to make their dollars go further in the face of rising prices by awarding them bigger discounts. The furniture giant is also launching a $10 million social fund to help employees who are struggling to make ends meet. View Original Article Associates ESG and CSR Marketing: […]
< 1 min read
0
  1. Channel: Dollar/Value

OSHA finds more ‘dangerous safety hazards’ at Dollar General stores

Inspectors from the Occupational Safety and Health Administration (OSHA) found that Dollar General stores in New Jersey and Pennsylvania were putting staff members at risk by failing to comply with federal laws. Dollar General has been fined $15 million since 2017 for blocked emergency exits and other failures to comply with safety measures. The dollar […]
< 1 min read
0
  1. Channel: Mass

Diane Von Furstenberg Set To Release a Target Collaboration

Famous international fashion designer Diane Von Furstenberg is teaming up with Target for a significant collaboration set to launch on March 23. View Original Article Target Dept. Apparel International RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource for over […]
< 1 min read
0
  1. Channel: Mass

Walmart making drone deliveries in 30 minutes

Walmart is testing drones to deliver goods from a preset menu of items in as few as 30 minutes. The retailer’s pilot program is currently being conducted in six states — Arizona, Arkansas, Florida, Texas, Utah, and Virginia — with market coverage of four million households. View Original Article Consumers Editor's Choice Technology & Innovation […]
< 1 min read
0
  1. Channel: Delivery

Instacart Shoppers Say the Highest-Earning Orders Are Getting More Extreme, With Demands Like 72-Mile Drives

Instacart shoppers are reporting that the highest-earning orders on the app have become more extreme, requiring them to shop for hundreds of items or drive over an hour to deliver the goods. This change comes after Instacart cut base pay for its shoppers last month, reducing the minimum pay from $7 to $4 per order…. […]
< 1 min read
0
  1. Department: HBC

Canopy Growth cutting 60 percent of its workforce

Canopy Growth, the second-largest producer of marijuana in Canada, said it will cut about 60 percent of its workforce because of disappointing results. The company points to black market competition as a major factor in lower-than-expected sales in Canada. “Today, there are two very different cannabis markets in Canada. One that’s legal, highly taxed and […]
< 1 min read
0
  1. Media & Marketing

Meta gets hit with a record $1.3 billion GDPR violation fine

The European Union has hit Meta with a fine of $1.3 billion for transferring the personal data of people within its member states to servers in the U.S. Meta has been ordered by the EU to stop the practice, violating General Data Protection Regulation (GDPR) law. “Facebook has millions of users in Europe, so the… […]
< 1 min read
0
  1. Trends & External Forces

Minneapolis Faces Potential Loss of Uber and Lyft

Residents of Minneapolis, Minnesota, are bracing for the imminent departure of Uber and Lyft, the popular ride-hailing apps. The reason? A contentious dispute with the city’s government over driver pay is threatening to disrupt the everyday commutes and travel plans of thousands of residents. View Original Article Government RetailWire Member since October 25, 2020 Loading […]
< 1 min read
0
  1. Department & Category

In-N-Out Heiress Battles Rising Costs Amid Minimum Wage Hike

In California, the recent hike in the minimum wage for fast-food workers, which came into effect on April 1, is already sending shockwaves through the restaurant industry. Notably, Lynsi Snyder, the owner of In-N-Out Burger, revealed her tough stance on cost control amidst the new legislation. View Original Article Associates Dept. Grocery Restaurants RetailWire Member […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon denies that it is losing Prime members

A report by Consumer Intelligence Research Partners (CIRP) claims that Amazon.com has lost Prime subscribers since last July. Amazon spokesperson Maggie Sivon said, “Just because an analyst firm reports something doesn’t make it true or fact, and in this case, the research is not accurate. Prime membership continues to grow as the value members receive […]
< 1 min read
0
  1. Shopper & Customer

Consumers have cut spending on experiences

Americans have begun pulling back spending on flights, hotels and restaurants in a sign that they are looking to find ways to cut costs in inflationary times. “We are seeing a broadening economic slowdown,” said Lydia Boussour, senior economist at EY-Parthenon. “It started with the housing sector, then manufacturing. And now we’re seeing service activity… […]
< 1 min read
0
  1. International

JD Sports Bids for Hibbett in $1.08 Billion Deal

JD Sports Fashion plans to buy Hibbett Inc. for around $1.08 billion. The move aims to help the UK’s largest sportswear retailer grow in the southeastern United States. View Original Article Dept. Apparel International - UK RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the […]
< 1 min read
0
  1. Acquisitions, Divestitures & Mergers

Home Depot Acquires SRS for $18.25B, Boosting Pro Sales

Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers. View Original Article Results & Investment Operations & Supply Chain Acquisition Home Depot Editor's Choice RetailWire Member since […]
< 1 min read
0
  1. Associates & Employees

Tesla Is Increasing Pay for Factory Workers While UAW Tries To Unionize

Tesla is boosting the salaries of many factory workers across the United States following an announcement from the UAW union seeking to organize workers at Tesla factories. View Original Article Associates RetailWire Member since October 25, 2020 Loading + Follow Following RetailWire is retailing’s premier online discussion forum, serving the industry as a free resource […]
< 1 min read
0
  1. Channel: Ecommerce & Digital

Amazon to change business practices in deal with EU regulators

Amazon.com has agreed to give makers of rival products equal access on the e-commerce platform as part of an agreement with European regulators, according to people with knowledge of the deal. It has also agreed to not use data from third-party marketplace sellers to inform its own offerings. View Original Article Amazon Data & Insights […]
< 1 min read
0
Next