A FedEx worker delivers packages in New York, May 9, 2022. Andrew Kelly | Reuters After years of unbridled consumer spending on everything from home improvement to dream vacations, some companies are now finding the limits of their pricing power. Shipping giant FedEx last week said customers have shied away from speedier, pricier shipping options. … Read more
Etsy is laying off 11% of its workforce at the height of the holiday season as the e-commerce giant looks to restructure its business and streamline costs against a “very challenging” macro and competitive environment, the company announced on Wednesday. Approximately 225 employees will be cut from Etsy’s workforce, which will bring the headcount for … Read more
Game maker Hasbro Justin Sullivan | Getty Images Shares of Hasbro and Mattel sank on Thursday, as both toymakers suggested sales will slow in the fourth quarter. Hasbro’s stock dropped more than 10% on Thursday, and Mattel slid more than 7%. The companies face challenges entering the critical fourth quarter, they said as they separately … Read more