Hershey plots its future in snacking

In 1929, he had crafted a deal to merge his namesake chocolate empire with Kraft Phenix Cheese Corporation and Colgate-Palmolive-Peet company, but the plan was scuttled by the Great Depression. The end of that story is often that chocolate got the town through the Great Depression, a savior to central Pennsylvania amid a country in its throes. The postscript, though, is that concern has lingered since 1929. There have been three solutions: broaden the company’s size, its products or its global reach. Efforts at the latter have been challenged. Hershey…

Tim Hortons’ owner is ‘not happy’ with the brand, eyes major turnaround

Tim Horton’s owner is not happy with its performance. Traditionally tight-lipped Restaurant Brands International, which also owns Burger King and Popeye’s, told investors Tuesday that it’s about to make major changes at its Canadian-based coffee chain. “We’re not happy with sales growth and overall results at Tim Hortons,” Daniel Schwartz, CEO of Restaurant Brands, said during an earnings conference call Tuesday. Shares of Restaurant Brands were up more than 4 percent Tuesday. While the company reported better-than-expected earnings on Tuesday, as more diners visited its fast food restaurants, sales at…

Amazon will now deliver packages to Prime members’ cars

Amazon will now deliver packages directly to your car. CNBC first reported the new delivery system was under development in October. The free in-car delivery is available to Prime members in select cities and only through supported vehicles, the e-commerce giant said Tuesday. You can check your eligibility here. Prime members register their car model, complete checkout online as they typically would, and then park their car at the designated delivery address on the scheduled delivery date. A delivery driver remotely unlocks the car, places the package inside and re-locks…

Alibaba is better at fighting fakes than Amazon is, says CEO of Swatch

Alibaba is “fighting actively” against fakes, but that isn’t something Amazon is doing well, according to Swatch Group CEO Nick Hayek. Commenting on whether Amazon is delivering added value for consumers, Hayek conceded that “in a way, yes, they deliver a product.” But Chinese companies like Alibaba are doing better, he told CNBC’s Geoff Cutmore. “If I look what Alibaba is doing and all these they are trying to make a service to the consumer and to earn money. And they are fighting actively against fakes. This Amazon is not…

Hasbro is toymaker most likely to survive post-Toys R Us, analyst says

Hasbro is the toy company most likely to survive the post-Toys R Us era, Susan Anderson, analyst at B. Riley FBR, told CNBC. “They’re well-positioned with their strategy,” Anderson said Monday on “Power Lunch.” Her firm has an outperform rating on Hasbro. “They have six Marvel films coming out this year,” she said. “They’ve done a great job merging entertainment and toys. I think they’ll continue to take market share once the dust has settled on all of this.” The toymaker’s stock fell in premarket trading Monday after the company…

Coach, Nike, Fenty and others bypass retailers and sell straight to customers

NEW YORK — Shoppers didn’t need an invite to New York Fashion Week to feel like they had special access to the Coach brand. Instead, they could tune into the luxury leather goods label’s February fashion show on Instagram and Facebook, then head to Coach’s website to get first dibs on the Dreamer — a purse that, at the time, was available for a limited window. “It was the channel we utilized most to drive awareness of the Dreamer’s limited-time launch and availability,” Andrea Shaw Resnick, a spokeswoman for Coach’s…

Old Navy to open 60 stores this year, driving Gap’s growth

Gap is making a big bet on Old Navy. The discounted apparel brand will add 60 more stores across the U.S. this year, pushing its total to more than 1,000 Old Navy locations. Gap, which also owns the flagship Gap banner, Banana Republic and Athleta, currently operates more than 3,500 stores globally. Gap is meanwhile trimming back its fleet of Gap and Banana Republic stores, which haven’t performed as well as Old Navy and Athleta of late. It’s all part of the retailer’s updated growth strategy announced late last year,…

Fashion brands aren’t disclosing information about their supply chains

To compile the list, Fashion Revolution studied 150 brands that have a turnover of more than $500 million and are located in Europe, North America, South America or Asia. It rated companies based on their policy and commitments, governance, traceability, reporting and issues such as fair and equal pay and recycling. Fashion Revolution looked only at those businesses that disclose information about themselves. Sportswear brands Adidas, Reebok and Puma topped the list, scoring 56 percent or more, meaning they have disclosed detailed supplier lists, including manufacturers, but not information such…

CVS and Walgreens locations where you can dispose of medications

Source: Walgreens Walgreens has installed 600 drug disposal kiosks to its stores since 2016. It’s partnering with AmerisourceBergen, the Blue Cross Blue Shield Association, Pfizer and Prime Therapeutics to add 900 more. If you have leftover pain pills or other prescription drugs, you should get rid of them. Kids and teens can find them and experiment with them — and worse, become addicted to them. But it’s not always as easy as simply throwing them away. That’s why CVS Health and Walgreens are installing machines for disposal in some of…

Pizza Hut to put its stamp on the NFL starting with the 2018 draft

Papa John’s split from the NFL couldn’t have come at a better time for Pizza Hut. The pizza division of Yum Brands, which took over as the official pizza sponsor of the National Football League in February, is gearing up for its first big football promotion as the new sponsor. To celebrate the 2018 NFL Draft, which takes place Thursday through Saturday, Pizza Hut is offering several discounts and deals to consumers as well as the rookie players hoping to land on a professional team. To start, the company is…