Einstein Bros. Bagels is looking to add 300 more stores over the course of the next few years, crossing the 1,000-location mark. “We’ve spent years perfecting a highly scalable store model that delivers fresh, high-quality breakfast with the convenience today’s guests expect, and now we’re accelerating that model across the country,” Jessica DePetro, CEO of Einstein Bros. Bagels, said (more).

California is scrapping its “sell by” label terminology as of July 1, replacing it with “best if used by” or “best if frozen by” dates to refer to food freshness, and “use by” or “freeze by” to refer to food safety. The new labeling legislation intends to reduce the significant amount of food waste that takes place in the state (more).

Kroger has revealed an agreement to purchase Giant Eagle at a purchase price of roughly $1.65 billion, with $1.25 billion in cash consideration and the taking on of ~$400 million in outstanding liabilities. “Giant Eagle is a well-run, high-quality regional grocer with a strong reputation for fresh products, pharmacy, private label and customer loyalty,” said Greg Foran, Kroger’s CEO (more).

Nike delivered a respectable fourth-quarter report card, with EPS coming in at 20 cents adjusted against 13 cents expected and revenue at $10.97 billion versus $10.86 billion anticipated. However, sales declines in China continued, with a 12% drop being observed (more).

Demand for memory chips and other hardware due to the AI boom is pushing prices of consumer electronics higher. Apple’s product lineup, the Nintendo Switch 2, Sony’s PlayStation 5, and other popular pieces of consumer tech are all experiencing significant price hikes (more).