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Instacart acquires AI-powered pricing platform Eversight

  Bloomberg Instacart Inc is acquiring Eversight Inc, a platform that helps retailers and packaged-goods brands determine pricing and set promotions, as it seeks to expand its technology offerings to grocers. “When it comes to grocery shopping, we know that every dollar matters. With higher inflation and the average cost of groceries up, we’re taking even more steps to make ...

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Lululemon Athletica raises full-year earnings forecast

  Bloomberg Lululemon Athletica Inc raised its full-year outlook, the latest sign that consumer demand among high-income shoppers remains strong even as inflation hurts purchasing power in other demographics. The maker of yoga pants and high-priced exercise attire now sees its full-year sales in a range of $7.87 billion to $7.94 billion, up from the previous range that had $7.71 ...

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Bed Bath & Beyond names interim CFO

  Bloomberg Bed Bath & Beyond Inc. promoted its chief accounting officer to interim chief financial officer after the death of former finance chief Gustavo Arnal. Laura Crossen, the company’s senior vice president of finance and chief accounting officer, has taken over the position, Bed Bath & Beyond said in a statement. She will continue as principal accounting officer. Arnal, ...

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