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All articles tagged with #north america

Starbucks closes 250 North American stores, including Richmond and Houston locations
business11 days ago

Starbucks closes 250 North American stores, including Richmond and Houston locations

Starbucks is closing 250 underperforming stores across North America, including locations in Richmond, Houston, and Greenville County. The move, announced by COO Mike Grams, targets sites lacking financial viability or customer experience potential. This is the second consecutive year of mass closures, affecting roughly 1% of the chain's 18,000 North American locations. Employees are being transferred or offered severance, while some closed spaces are already attracting new tenants.

via Richmond BizSense|
#business#north-america#retail-restructuring
Coca-Cola taps Monster Energy’s Rob Gehring to lead North American operations
business14 days ago

Coca-Cola taps Monster Energy’s Rob Gehring to lead North American operations

Coca-Cola has appointed Rob Gehring, currently head of Monster Beverage’s Americas business, to lead its North American operations starting December 1. The move aims to bolster growth amid tightening U.S. consumer spending, leveraging Gehring’s experience in driving innovation and commercial modernization. While Coca-Cola reported 7% net sales growth in the second quarter, Monster Beverage saw a 20% increase, highlighting the energy drink sector’s momentum. Gehring, 59, previously served as CEO of Swire Coca-Cola USA and will transition from his role at Monster, where he has been chief growth officer since 2024.

via cnbc.com|
#beverage-industry#business#coca-cola
Starbucks Accelerates North American Closures Amid $300M Restructuring
business15 days ago

Starbucks Accelerates North American Closures Amid $300M Restructuring

Starbucks is closing approximately 250 underperforming locations in North America this week, a move representing about 1% of its regional portfolio. CEO Brian Niccol announced the closures as part of a broader turnaround strategy, with the company expecting to incur $300 million in restructuring charges. While net new openings in North America are reduced, international markets will drive expansion, with 440 new cafes projected for fiscal 2026.

via finance.yahoo.com|
#brian-niccol#business#corporate-restructuring
Beijing’s Cars Expand into North America, Redrawing the Auto Market
opinions17 days ago

Beijing’s Cars Expand into North America, Redrawing the Auto Market

Chinese automakers are increasingly pushing inexpensive vehicles into North American (and European) markets to gain share from U.S. and European brands, signaling a Beijing-led strategy to deindustrialize—while U.S.-Canada-Mexico policy frictions complicate responses and risk hollowing out the industrial base; Leapmotor’s B10 is cited as a case in point.

via The Washington Post|
#auto-industry#china-nation#international-trade
Alaskan teen miraculously survives nearly three days on overturned boat in frigid Bering Sea
north-america25 days ago

Alaskan teen miraculously survives nearly three days on overturned boat in frigid Bering Sea

A 15-year-old Alaskan boy survived nearly three days on an overturned fishing boat in the frigid Bering Sea near St. Lawrence Island after two other crewmates died. He was found alive with hypothermia symptoms about four miles east of the island and was rescued after Coast Guard aircrews dropped a life raft and the fishing vessel Northwest Explorer aided the recovery.

via Fox News|
#alaska#bering-sea#coast-guard
Europe Driving Global EV Growth as North America Slumps in August
business27 days ago

Europe Driving Global EV Growth as North America Slumps in August

Global EV sales rose 2% year over year to 1.83 million in August, led by a 36% jump in Europe to about 380,000 units while North America plunged 33% to roughly 140,000. China edged up 4% month over month but was down 11% year over year, with BEV sales strengthening the share of the market; rest-of-world markets grew 97% year over year to about 290,000. Year-to-date totals show Europe at about 3.3 million, China about 6.9 million, and global sales around 13.44 million, reflecting a mixed global picture driven by European incentives and supply/demand headwinds in North America and China’s export push.

via electrek.co|
#benchmark-mineral-intelligence#business#china
Costco Plans 14 New North American Warehouses Amid Aggressive Expansion
business29 days ago

Costco Plans 14 New North American Warehouses Amid Aggressive Expansion

Costco will add 14 new warehouses across the U.S. and Canada by year-end, with five openings in October in Missouri, Texas, New York, Kansas and California, and nine more in November including four in Canada (Northeast Edmonton and Lloydminster in Alberta; East Windsor and Wasaga Beach in Ontario). The U.S. sites include Idaho, California, Arizona, Virginia and Wisconsin, with at least one relocation in Newport News. Rhode Island, West Virginia and Wyoming aren’t included this round. CEO Ron Vachris has said the company aims to open 30+ warehouses annually worldwide over the next 5–10 years, with potential moves into Mexico, Asia, Europe, Australia and New Zealand.

via New York Post|
#business#costco#expansion
Europe protests Trump map labeling Greenland, Iceland under U.S. flag
world1 month ago

Europe protests Trump map labeling Greenland, Iceland under U.S. flag

European officials condemned a Truth Social post by Donald Trump that shows Canada, Greenland, Iceland and several territories as part of the United States, prompting protests from Denmark and Iceland over what they call an inappropriate display and reigniting concerns about Trump’s past hints of absorbing Greenland or making Canada the U.S.’s 51st state amid broader European-U.S. ties involving Greenland.

via politico.eu|
#europe#greenland#iceland
Lululemon slides on weak China and North America sales, trims full-year outlook
finance1 month ago

Lululemon slides on weak China and North America sales, trims full-year outlook

Lululemon Athletica Inc. shares fell about 17% after a softer Q2: revenue $2.4 billion (-4% YoY) and comparable sales down 9%, prompting a cut to full-year revenue guidance to $10.35–$10.5 billion and EPS of $9.48–$9.73 (the Q2 EPS was $2.92, aided by a $0.86 tariff-refund benefit). Gross margin rose to 60.5% thanks to tariff refunds, but operating income declined 13% to $453.7 million. Third-quarter guidance of $2.29–$2.32 billion in revenue and $0.93–$0.98 in EPS also came in below expectations. The weakness was driven by China comps down ~8% and North America down ~12% (leggings down ~20%), with analysts like Bank of America noting little clear inflection point yet.

via Yahoo! Finance Canada|
#china#earnings#finance
DNA Rewrites the 'American Cheetah' as a Puma Relative, Not a Cheetah
science1 month ago

DNA Rewrites the 'American Cheetah' as a Puma Relative, Not a Cheetah

New DNA and isotope analyses show Miracinonyx trumani, historically dubbed the American cheetah, was not a cheetah at all but a close relative of the modern puma; cheetah-like features are now seen as convergent evolution, and Arctic Yukon populations adapted to a fish-based diet, expanding the species' range northward into the Arctic. The lineage diverged from pumas about 2.6 million years ago, underscoring remarkable ecological flexibility in this North American predator.

via Gizmodo|
#convergent-evolution#genetics#north-america
Lexus IS Stays Alive with a Limited Envious Green 2027 Edition
automotive1 month ago

Lexus IS Stays Alive with a Limited Envious Green 2027 Edition

Lexus confirms a 2027 IS with a 350-unit Special Appearance Package in Envious Green, pairing unique visuals (green stitching, black 19-inch BBS wheels) with the IS 350 F Sport’s 311-hp 3.5L V6 and its handling/tech options; the edition will be North America–limited. The standard IS 350 F Sport remains the lineup, available in RWD with an 8-speed auto or AWD with a 6-speed auto. Through 1H 2026, Lexus sold 14,071 IS units in the U.S. (up 42% YoY), while BMW sold 18,731 3 Series in NA, underscoring continued demand for the aging‑generation model despite others in its class being discontinued or rumored to be.

via jalopnik.com|
#automotive#lexus-is#limited-edition
Two dead, one still missing after Grand Canyon flash flood
north-america1 month ago

Two dead, one still missing after Grand Canyon flash flood

A powerful flash flood devastated parts of the Grand Canyon on Saturday, killing two people and leaving one still unaccounted for as rescue teams airlift dozens to safety and continue searching between Phantom Ranch and Cottonwood Manzanita; authorities warned of more rain ahead and noted extensive damage, including destroyed footbridges and about 40% of the Transcanyon Waterline.

via BBC|
#evacuation#flash-flood#grand-canyon
Trump’s Canada tariffs risk undoing North American unity, Zoellick warns
opinion1 month ago

Trump’s Canada tariffs risk undoing North American unity, Zoellick warns

Robert Zoellick argues that Donald Trump’s threats against Canada threaten the decades-long US–Canada economic integration that underpins security and prosperity, built through NAFTA/USMCA, cross-border supply chains, and energy trade. Tariffs would invite retaliation, fuel anti-American sentiment, and could empower Alberta separatists, undermining American interests even as most Americans favor the Canada–US partnership.

via Financial Times|
#canada#naftausmca#north-america