Payless went kaput. But that doesn’t mean DSW has to follow

Payless is going out of business and will close all of its 2,100 US stores. DSW had a miserable holiday season, but it has developed a strategy to avoid Payless’ fate. DSW’s strong sales during November, December and January came at the expense of profit, the company reported Tuesday. DSW posted its fifth straight quarter…MORE

India’s richest man put his brother out of business. Now he’s bailing him out

India’s richest man just helped his cash-strapped younger brother avoid months in prison by paying off debts worth tens of millions of dollars. The gesture by Mukesh Ambani to bail out his brother, Anil, is the latest twist in a sibling saga that has gripped India’s telecommunications industry. A price war started by Mukesh in…MORE

Jamie Dimon: Trump’s strategy on tariffs might have worked

Jamie Dimon is no fan of tariffs. But the CEO of JPMorgan Chase concedes that President Donald Trump’s love of tariffs just may be paying off. “As a negotiating strategy, it might’ve worked,” Dimon told CNN’s Poppy Harlow. It’s a notable admission by Dimon, the fiercely pro-trade face of Corporate America. The comments are in…MORE

Coca-Cola latches onto America’s flavored seltzer obsession with sparkling Smartwater

Coca-Cola wants to capitalize on America’s obsession with flavored sparkling water, so it launched yet another seltzer line, this time from its premium Smartwater brand. The company is releasing three sparkling flavors for its Smartwater brand in North America: Fuji apple pear, strawberry blood orange and raspberry rose. The new flavors will hit shelves later…MORE

Prada slips in China as Louis Vuitton and Gucci power ahead

Prada is feeling China’s economic slowdown as it struggles to keep pace with its global rivals in the biggest market for luxury goods. The company’s shares plunged almost 11% in Hong Kong on Monday after it reported disappointing earnings late Friday. Revenue for 2018 was about 1% below analyst forecasts, and operating profit came in…MORE

Starbucks is changing its rewards program

Super-loyal customers who use Starbucks’ membership program account for about 40% of sales at the company’s US stores. Now Starbucks is taking steps it believes will make the program more attractive. Starting on April 16, the coffee company’s rewards members in the United States and Canada will start earning rewards sooner and have more options…MORE

AirAsia CEO Tony Fernandes quits Facebook: ‘New Zealand was too much for me’

People talk about quitting Facebook in protest. AirAsia CEO Tony Fernandes did it. Fernandes, who had 670,000 followers, said in a series of tweets on Sunday morning that Facebook needs to “clean up” after videos of the New Zealand mosque attacks were uploaded to the platform. “The amount of hate that goes on in social…MORE

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