Estée Lauder surges on plan to cut up to 5% of workforce

[ad_1] By Bloomberg Published Feb 5, 2024 Estée Lauder Cos. said it’s cutting as many as 3,000 positions as part of a restructuring plan to put one of the world’s largest beauty companies back on track. Facebook: Estée Lauder The shares jumped 15% in premarket trading at 8:08 a.m. in New York. The owner of […]

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Retailers slash prices on more Nike sneakers in 2024, data shows

[ad_1] By Reuters API Published Feb 2, 2024 Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a time of stiff competition from rival sneaker brands, according to analytics firm Vertical Knowledge. Nike instagram Researchers compiled online pricing data from […]

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