AS400-NEWS.COM: Top News and Analysis

Top News and Analysis: Retail

05/22/2019

Dressbarn is about to close 650 stores — here's a map of these locations As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses...
23:32, 05/21/2019

Good food is bringing people to the mall. And they're spending more money when they get there Forty percent of customers will choose a center to shop at based solely on the food that's there, JLL found in a new study. And nearly 38% of peo...
22:00, 05/20/2019

Kohl's lands deal with Fanatics to sell its licensed sports gear online Kohl's has signed a deal with Fanatics to sell the sports marketplace's licensed gear, including NFL jerseys and NBA T-shirts, on Kohls.com....
15:32, 05/20/2019

Men are a multibillion dollar growth opportunity for the beauty industry The men's personal care industry is predicted to hit $166 billion by 2022, according to Allied Market Research. Last year, men's skin-care p...
21:00, 05/18/2019

Here's how we're different from Starbucks, says CFO of China's Luckin Coffee on IPO day The CFO China's Luckin Coffee says the tech-based beverage company's business model is setting itself apart from U.S. coffee giant Starbucks...
16:33, 05/17/2019

This Chinese facial recognition start-up can identify a person in seconds Shanghai-based YITU Technology has gained wide recognition for its facial scan platform that can identify a person from a database of at least 2 billi...
17:00, 05/16/2019

Nike's 'inclusive' image at risk if it fails women athletes, brand experts say Olympic athlete Alysia Montano said when she told then sponsor Nike she wanted to have a baby during her career, the sports giant told her it would pa...
17:00, 05/16/2019

As China's growth slows, CEO of Burger King's parent focuses on the long-term opportunities As Restaurant Brands International aims to surpass 40,000 stores in the next eight to 10 years, some of its new stores will be in China, which is seei...
22:16, 05/15/2019

Walmart confirms it is weighing an IPO for British supermarket Asda Walmart has confirmed it is considering an IPO for British supermarket arm Asda, after its proposed merger with domestic rival Sainsbury's was bl...
14:48, 05/15/2019

Despite Walmart's new next-day delivery move, some experts still like Amazon more Walmart' next-day delivery plan has Wall Street wondering if it can give Amazon a run for its money — but some experts say it's a tough comp...
14:48, 05/15/2019

Walmart announces next-day delivery, firing back at Amazon Walmart's rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California this week, before reaching 75% of the country by ...
08:16, 05/14/2019

Why every US company has a stake in Bed Bath & Beyond's heated boardroom war Bed Bath & Beyond's board of directors is now majority female, more diverse and younger. But its activist investors are worried they lack the rel...
15:32, 05/09/2019

Nike thinks you're probably wearing the wrong size shoe. Here's what it's doing to fix that Nike is launching Nike Fit this July in North America to solve what it calls "a massive source of friction for the industry as a whole:" finding the r...
15:00, 05/09/2019

Papa John's swings to a loss as fallout from spat with founder weighs on profits Papa John's reported first-quarter net loss of $3.80 million, or 12 cents per share, down from a net income of $17.4 million, or 52 cents per sha...
00:48, 05/08/2019

Misconduct at Kraft Heinz puts spotlight on employee pressure to meet bonus targets A number of former employees, executives and suppliers who spoke to CNBC say the culture at Kraft Heinz incentivized employees to first and foremost h...
21:00, 05/07/2019

Amazon Go opens for the first time in New York. And the cashier-free store will accept cash Amazon Go at Brookfield Place in New York will also start accepting cash, Amazon said, after the company faced some backlash over "discrimination" con...
12:00, 05/07/2019

Walmart is opening dozens of veterinary clinics in its stores and launching an online pet pharmacy Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners wh...
10:32, 05/07/2019

Executive turnover at Kraft Heinz continues as chief marketing officer departs Kraft Heinz announced last month its long-time CEO, Bernardo Hees is stepping down on June 30 and will be replaced by former Ab InBev CMO, Miguel Patr...
00:48, 05/07/2019

Check out the scenes from this year's Berkshire Hathaway shareholder meeting At the "Woodstock of Capitalism," shareholders posed for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and bought other...
00:48, 05/07/2019

Trump's escalated trade war with China could hit California ports especially hard An escalation of U.S.-China trade tensions could deal a severe blow to California's ports and economy, potentially putting at risk thousands of j...
00:48, 05/07/2019

Wayfair shares plunge 12% as losses widen, hurt by high costs Shares of Wayfair plunged as much as 12% Thursday after the company reported a double-digit gain in revenue, but a greater-than-expected loss for the ...
20:48, 05/02/2019

Ikea is downsizing and moving into Manhattan with its first 'city center' store in 2019 Ikea will open its first location in Manhattan, which will also be its first smaller-format shop, this spring. Ikea's move comes as many retailer...
20:00, 05/01/2019

The world's biggest shopping holiday is in China — not the US. Here's how Singles Day became No. 1 Chinese retail giant Alibaba made a record $30.8 billion worth of sales across in 24 hours, at its annual Singles Day shopping event on November 11 th...
20:00, 05/01/2019

Meet the 28-year-old who wants building computers and coding to be as easy as playing with Lego Alex Klein, CEO of Kano, went from reporting stories as a journalist to helping create a start-up that teaches people to build their own computers and...
20:00, 05/01/2019

Feds expand beef recall as salmonella outbreak broadens to 246 cases in 26 states More than 5 million more pounds of raw beef products have been added to a national recall over concerns about possible salmonella contamination, and t...
20:00, 05/01/2019

Alibaba to open first e-commerce trade hub in Europe Belgium is the first European country to sign up to the Electronic World Trade Platform (eWTP), an initiative proposed by Alibaba co-founder Jack Ma i...
20:00, 05/01/2019

Mall owners know they are too reliant on the dying department store chains Even with Sears and Bon-Ton filing for bankruptcy protection this year, and shutting hundreds of locations, department stores still account for more t...
20:00, 05/01/2019

Pizza Hut to acquire online ordering service to learn more about customers Pizza Hut has agreed to acquire QuikOrder, an online ordering software and service provider for restaurants, in a move to access more data about its c...
20:00, 05/01/2019

CVS CEO has a fix for those mile-long receipts — here's how it works "There's a way to get all of that digitally on your phone," along with the coupons and ExtraBucks rewards, CVS CEO Larry Merlo tells CNBC's ...
20:00, 05/01/2019

Arizona lettuce growers were 'sweating bullets' waiting for romaine E. coli advisory to end Lettuce growers say they knew immediately that November's E. coli outbreak linked to romaine lettuce likely originated on California farms, but U...
20:00, 05/01/2019

Wall Street set to tank again | Oil prices fall 4% | Canada arrests Huawei's CFO A day off has done nothing to improve Wall Street's mood following Monday's sharp losses, with futures indicating another slump at the Thurs...
20:00, 05/01/2019

Untuckit, the company known for its untucked shirts, is eyeing valuation greater than $600 million Untuckit, known for shirts designed to be worn untucked, has hired investment bank Morgan Stanley to raise money in a deal it hopes will value it at m...
20:00, 05/01/2019

Cheesecake Factory's free cheesecake promotion goes awry, one person arrested A free cheesecake promotion celebrating Cheesecake Factory's 40th anniversary turns ugly as orders and DoorDash delivery drivers flood restaurant...
20:00, 05/01/2019

Walmart CEO worries what consumers will have to pay if trade war escalates Walmart is doing its best to keep prices unaffected by the U.S.-China trade war, but if things escalate it could be a different story, CEO Doug McMill...
20:00, 05/01/2019

Futures lower after market whiplash | Jobs report set | Bitcoin falls 11% U.S. stock futures are pointing to a lower Wall Street open ahead of the Friday session, with momentum from a late Thursday rally off lows failing to ...
20:00, 05/01/2019

Altria to invest $1.8 billion in cannabis company Cronos Group, exits some e-cig brands Altria Group says it has agreed to buy a 45 percent stake in leading cannabinoid company Cronos Group for about $1.8 billion, a sign of the new world ...
20:00, 05/01/2019

Altria shutters its e-cigarette brands as it eyes Juul, awaits iQOS decision Altria on Friday said it would discontinue its MarkTen and Green Smoke e-cigarettes. The company is weighing a significant minority stake in competito...
20:00, 05/01/2019

Home Depot CFO Carol Tomé to retire at the end of August She will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. McPhail joined Home Depot in 2005....
02:48, 05/01/2019

The biggest mall owner in the US 'can't guarantee' there won't be more retail wreckage this year Simon Property Group is anticipating the pace of retail store closures will slow after a nasty start to the year, but its CEO won't make any prom...
23:00, 04/30/2019

One of the most valuable malls in America is getting a makeover Unibail-Rodamco-Westfield's Garden State Plaza mall in Paramus, New Jersey — considered one of the top 10 shopping malls in the U.S. based on sal...
23:00, 04/30/2019

Domino's CEO: 'Some random third party' won't deliver our pizza As competition with third-party delivery services heats up, Domino's CEO is rejecting the idea that the pizza chain should outsource its delivery...
18:48, 04/28/2019

Tyson Foods sold its stake in alternative protein company Beyond Meat Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 bil...
18:48, 04/28/2019

Macy's shares rise 2% on report retailer may build office tower on top of flagship New York store Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New ...
18:48, 04/28/2019

Chipotle earnings top estimates as digital sales double, boosts same-store sales outlook Chipotle Mexican Grill on Wednesday reported earnings and revenue that beat analysts' expectations after doubling its digital sales during the qu...
18:48, 04/28/2019

CVS will bring hundreds of SmileDirectClub shops to its stores this year CVS Health will open "hundreds" of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next t...
18:48, 04/28/2019

UK regulator blocks Sainsbury's merger with Walmart-owned Asda Britain's competition regulator has blocked Sainsbury's proposed 7.3 billion pound ($9.4 billion) takeover of Walmart owned Asda — a huge bl...
18:48, 04/28/2019

Venmo has digital user base putting heat on Square and banks, but no plan to profit from it PayPal's Venmo is seeing huge growth, with 40 million users disclosed for the first time, but CFO John Rainey says the company is in no rush to g...
18:48, 04/28/2019

Strong sales of Barbie, 'Jurassic Park' toys help stem Mattel losses, shares soar Shares of Mattel skyrocketed as much as 14 percent after the closing bell Thursday after the company posted a narrower earnings loss than analysts had...
18:48, 04/28/2019

California governor signs internet sales tax law California's Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state ...
18:48, 04/28/2019

Starbucks CEO calls Chinese rivals' use of discounts unsustainable as Luckin Coffee prepares for IPO Starbucks is facing increased competition in China, particularly from upstart Luckin Coffee, but CEO Kevin Johnson remains optimistic about its long-t...
18:48, 04/28/2019