Starbucks Corp.’s third-quarter earnings and sales beat analysts’ estimates, but the company slightly lowered its outlook amid a slowdown in sales in China.
Raising the minimum wage is currently taking over headlines in the restaurant industry, but it also has massive implications in retail and other minimum wage professions.
Amazon reported a huge jump in second-quarter earnings amid a 49% increase in sales of its extremely lucrative cloud-computing business and a big increase in North American retail operating profit.
While some retailers are shuttering doors, fitness chains are hardly breaking a sweat as malls and shopping centers are leveraging them as anchors to increase foot traffic.