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Month: September 2022

Grocery store prices aren’t coming down anytime soon

By Danielle Wiener-Bronner and Nathaniel Meyersohn, CNN Business Some sobering news for US shoppers: There’s little relief in sight on grocery store bills. Grocery prices climbed 13.5% in August from the year before, the highest annual increase since March 1979, according to government data. Executives at large food manufacturers and analysts expect inflation to hover

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Spanx names a new CEO

By Parija Kavilanz, CNN Business Spanx, a brand founded by shapewear pioneer Sara Blakely, has named Kim Jones her successor as CEO. The Atlanta-based company promoted Jones, a longtime Spanx executive, on Friday. Blakely will continue to serve as the chair of Spanx’s board. Jones joined Spanx in 2005 and previously held roles as the

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