AS400-NEWS.COM: Top News and Analysis

Top News and Analysis: Retail

09/16/2019

The $400 billion outdoor industry sounds alarm on Trump's trade war tariffs From September 2018 to July 2019, outdoor recreation businesses have paid $1.8 billion more in tariffs compared to the year ago period, according to n...
17:16, 09/13/2019

Gap has a new plan to grow its Athleta, Janie and Jack businesses overseas Gap Inc. said Thursday it's opening up its Athleta and Janie and Jack brands to be franchised outside of the U.S., building on its preexisting fr...
08:33, 09/13/2019

Manufacturers don't control consumer relationships, platforms like Google do, says Sorrell Manufacturers don't have the direct relationships with shoppers they thought they would with the advent of the internet — it's platforms lik...
15:48, 09/12/2019

Starbucks stock falls after SEC questions accounting policies After questioning from the Securities and Exchange Commission about its accounting practices, Starbucks will provide more disclosures about how it rec...
21:16, 09/10/2019

Chipotle stock tumbles after New York City sues the company, alleging labor law violations New York Mayor Bill de Blasio's administration is suing Chipotle Mexican Grill, alleging it violated a city labor law requiring predictable sched...
18:16, 09/10/2019

JC Penney to launch outdoor apparel shops within 100 stores as it attempts to boost sales In a bid to boost sales, J.C. Penney said Tuesday it plans to launch an outdoor shop selling apparel and other excursion gear in 100 of its roughly 83...
17:17, 09/10/2019

UPS to hire about 100,000 seasonal employees for the holiday season UPS plans to hire about 100,000 seasonal employees again this year to handle its expected increase in package volume throughout the holiday season, th...
15:32, 09/10/2019

L Brands CEO Les Wexner: I'm 'embarrassed' that 'depraved' Jeffrey Epstein took advantage of me Wexner has been in the spotlight over the past few months following disclosures of previous close ties to accused child sex trafficker Jeffrey Epstein...
15:32, 09/10/2019

How Walmart and other big companies are trying to recruit more teenage workers Of Walmart's 1.4 million U.S. workers, less than 25,000 are in high school. So the company is rolling out the red carpet by offering free SAT and...
13:00, 09/08/2019

The charts show Amazon's stock is bottoming, primed for a 20% gain, Jim Cramer says "The charts, as interpreted by Carolyn Boroden, suggest that Amazon has finally resumed its long-term rally" toward $2,115, the "Mad Money" host says....
01:16, 09/07/2019

Coach owner Tapestry appoints Jide Zeitlin as CEO Zeitlin will replace Victor Luis, who was with the company for 13 years and oversaw the company's acquisition of Stuart Weitzman and Kate Spade....
00:32, 09/06/2019

Read the full memo from Walmart's CEO on pulling back ammunition sales, asking the government to act Walmart on Tuesday announced major changes to its stance on ammunition sales, following two deadly and "horrific" shootings at Walmart stores over the...
03:32, 09/04/2019

Retailers resist price hikes but we can't eat all China tariff costs, says housewares firm founder Resistance to price hikes creates a "stressful situation" for businesses that cannot afford to absorb the cost of tariffs on Chinese imports, Casabell...
03:32, 09/04/2019

Kroger joins Walmart in asking shoppers not to openly carry guns in stores Kroger on Tuesday followed Walmart in asking shoppers not to openly carry guns in any of its stores, in states where "open carry" is allowed, unless t...
03:32, 09/04/2019

Trump said he wanted to save Christmas. But shoppers still fear tariffs this holiday season President Donald Trump had said earlier this summer that he chose to delay part of the taxes on $300 billion worth of Chinese imports set to take effe...
07:00, 09/03/2019

Dollar Tree, Dollar General soar as retailers raise forecasts, despite looming tariffs ahead The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration's latest tariffs on some Chinese...
16:00, 08/29/2019

KFC will soon be serving vegan fried chicken — with Beyond Meat's help Colonel Sanders is testing vegan fried chicken to see if customers think it's finger lickin' good. The test starts Tuesday at an Atlanta KFC...
15:16, 08/26/2019

Target still has room to climb after 20% gain, Citi says Target shares closed Wednesday up more than 20%, after the retailer reported impressive profit growth and a spike in traffic that surpassed analysts&#...
21:48, 08/22/2019

How Amazon is fighting back against workers' increasing efforts to unionize Momentum to organize has picked up at Amazon, but unionizing efforts haven't come far. Amazon increased the minimum wage to $15 an hour and is fe...
21:48, 08/22/2019

Victoria's Secret drags down parent company L Brands second-quarter earnings The sexy image that once boosted Victoria's Secret has been haunting L Brands more recently, as women are steering clear of the brand's hot ...
05:48, 08/22/2019

Restaurant spending set to hit high in 2019 as consumers spend more of their budget on dining out A strong jobs market and tax cuts are bolstering consumer spending at restaurants. The National Restaurant Association projects a sales record for 201...
23:32, 08/19/2019

Luxury brands must show they are 'good Chinese citizens' after T-shirt territory anger, expert says Western luxury labels will need to demonstrate that they are good Chinese citizens in the face of territorial sensitivities, according to an expert on...
19:00, 08/19/2019

The often-hated open floor plan gets a new savior: The office pod In recent years, pods have been embraced in offices across the nation. They provide a quiet space for office workers to conduct important phone calls,...
00:48, 08/18/2019

This is what's behind Walmart's staying power that could outmaneuver Amazon For 20 years Walmart has struggled to pull its online act together while Amazon.com seized nearly half of the US online shopping market. But Walmart&#...
21:00, 08/16/2019

Walmart's secret weapon in its quest to outmaneuver Amazon has rejuvenated the giant retailer For 20 years Walmart has struggled to pull its online act together while Amazon.com seized nearly half of the US online shopping market. But Walmart&#...
23:00, 08/15/2019

Cramer: Retail is getting hammered, but it's an opportunity to buy Revolve Revolve Group is "part of the reason why Macy's is getting obliterated ... disrupting what's left of the department stores, and it is workin...
10:00, 08/15/2019

Macy's teams up with Google to help run its warehouses One way Macy's is trying to improve its business stems from the work it's doing on the back end, at its more than a dozen fulfillment center...
23:32, 08/14/2019

Trade war is turning China's local manufacturers to the domestic market, says tech giant Chinese e-commerce giant JD.com sees a business opportunity in factories that have been affected by trade tensions between the world's two larges...
12:32, 08/14/2019

Retail stocks surge after tariffs for clothing, footwear delayed Shares of retailers jumped Tuesday after the United States Trade Representative announced it was delaying proposed tariffs on clothing, footwear and a...
19:50, 08/13/2019

Trump says he delayed tariffs because of concerns over Christmas shopping season The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into eff...
19:50, 08/13/2019

We are in the middle of the great American department store shakeout—and there's no stopping it The pressure facing Macy's, Nordstrom and J.C. Penney is the same: as the retail industry has transformed over the past few decades, department s...
19:50, 08/13/2019

Man in body armor and armed with rifle sparks panic at Walmart in Missouri An armed man who walked into a Walmart store in Missouri dressed in body armor and fatigues and was detained at gunpoint by an off-duty firefighter is...
01:48, 08/10/2019

5 things to know before the stock market opens Tuesday The Dow is set to bounce; China labeled a "currency manipulator"; mortgage rates hit November 2016 lows, ex-Fed chiefs call for independent central ba...
07:48, 08/09/2019

26 Sears, Kmart stores to close in October, company 'cannot rule out' more closures this year More Sears and Kmart stores are set to go dark, as the brands' new parent company, TransformCo, fights to keep the once-bankrupt business afloat....
23:16, 08/07/2019

Snoop Dogg-backed payments firm Klarna becomes Europe's biggest fintech start-up Swedish online payments firm Klarna announced Tuesday that it has reached a $5.5 billion valuation, making it Europe's largest private fintech co...
18:48, 08/06/2019

Columbia Sportswear wants sneaker heads to pay attention to its latest shoe On Monday, Columbia Sportswear unveiled a new line of sneaker-boot hybrids, in the outdoor apparel company's first venture into sneaker culture t...
18:48, 08/06/2019

5 things to know before the stock market opens The Dow is set to bounce; China labeled a "currency manipulator"; mortgage rates hit November 2016 lows, ex-Fed chiefs call for independent central ba...
17:16, 08/06/2019

Bullet-resistant backpacks have become another back-to-school staple Guard Dog Security's ProShield Scout backpacks are stocked for back-to-school season at Office Max and Office Depot stores and on the retailers&#...
17:16, 08/06/2019

Shake Shack stock soars after reporting earnings beat, raising revenue forecast Shares of Shake Shack rose nearly 3% in extended trading on Monday, after the company reported second-quarter earnings that topped Wall Street's ...
10:16, 08/06/2019

The 90s are back. Here are the companies trying to cash in—and the ones that are failing For years, the fashion world has been riding a wave from the past. Young consumers are turning to the 90s for inspiration, leading to the revival of t...
16:16, 08/03/2019

Bed Bath and Beyond is trying to save itself from extinction Bed Bath and Beyond became a massive homegoods retailer with a decentralized structure and a focus on keeping customers happy. But critics say the onc...
15:16, 08/02/2019

Analysts sorting winners and losers as new set of tariffs take aim at Nike, retailers The list of new tariff goods "disproportionately impacts apparel, footwear, consumer electronics, and toys," forcing Wall Street to decide who will ba...
15:16, 08/02/2019

People are buying digital 'clothes' that aren't real — and they could be the next Instagram hit Digital apparel is no emperor's new clothes fad — in the gaming industry, "skins" and "cosmetics" are a staple item, but virtual fashion is new t...
11:16, 08/02/2019

Shares of Taco Bell-owner Yum Brands jump as earnings top estimates Taco Bell, KFC and Pizza Hut owner reported second quarter earnings that topped expectations, fueled by stronger same-store sales growth across all it...
13:48, 08/01/2019

Beyond Meat shares fall after pricing secondary stock offering at $160 Beyond Meat announced Wednesday it priced its secondary stock offering at $160, six times the price of its IPO, but 18.6% below its closing price on W...
13:48, 08/01/2019

The biggest mall owner in the US could save retailers on the cusp of going out of business Mall owner Simon Property Group on Wednesday said it's considering more opportunities where it would invest in a retailer to help keep it afloat....
17:48, 07/31/2019

There are signs that a US boom for makeup products is now over L'Oreal, one of the world's largest cosmetics companies, missed estimates for its second-quarter sales growth citing weakness in U.S. demand...
16:16, 07/31/2019

Flyfishing and kayaking trips help L.L. Bean, Orvis sell more gear and attract more customers Outdoor retail brands are beefing up their adventure programs and branded trips to create new customers and deepen relationships with existing ones by...
23:48, 07/28/2019

Starbucks shares rise more than 6% on renewed momentum in the US and China Starbucks shares rose by more than 6% in early market trading today after a resounding earnings beat has analysts raising their estimates for the coff...
16:32, 07/26/2019

Domino's asks Supreme Court to say disability protections don't apply online Domino's has petitioned the Supreme Court to hear the case, where it could prove to be a landmark battle over the rights of disabled people on th...
14:48, 07/25/2019

Beyond Meat CEO invites Chipotle for a tour after its fake meats are called too processed After Chipotle CEO Brian Niccol said imitation meat products are too processed for its menu, Beyond Meat CEO Ethan Brown invited him on a tour of the ...
21:00, 07/24/2019

Coca-Cola, PepsiCo break ties with plastic lobbying group amid mounting scrutiny over pollution The beverage giants join other companies like Clorox, Becton Dickinson and Ecolab, which ended memberships with the Plastics Industry Association last...
01:48, 07/24/2019

Bed Bath and Beyond to cut 7% of corporate staff, eliminate operating chief role Bed Bath and Beyond announced on Tuesday that as part of its efforts to reduce costs, it will cut its corporate staff by 7% and eliminate the chief op...
22:32, 07/23/2019

Coca-Cola and Pepsi push into energy drinks as soda consumption falls As soda consumption declines in the U.S., Coca-Cola and PepsiCo are trying to leverage the name recognition of their legacy brands to push into energy...
22:32, 07/23/2019

Kids clothing retailer Rockets of Awesome nabs former Walmart e-commerce exec for SVP role At Rockets of Awesome, Turner will be a senior vice president responsible for digital and marketing. He'll report to founder Rachel Blumenthal, w...
23:48, 07/22/2019

Major retailers are launching affordable clothing lines for children with disabilities Retailers are finding ways to create affordable clothing for children with disabilities. Kohl's Target, Tommy Hilfiger and Zappos have all launch...
23:48, 07/22/2019

Retail stores get a bad rap, as closures pile up. But here's how stores boost online sales A new survey from the International Council of Shopping Centers shows bricks-and-mortar stores clearly offer a boost to online sales, and vice versa. ...
23:48, 07/22/2019

JC Penney: We haven't hired advisors 'to prepare for an in-court restructuring or bankruptcy' J.C. Penney on Friday afternoon issued a statement responding to a report that the embattled department store chain had hired advisers to explore debt...
22:48, 07/19/2019

Walmart announces executive shuffle to further integrate stores and digital Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by...
18:48, 07/19/2019

Missed Amazon Prime Day? You can still find the best back-to-school deals Back-to-school spending this year is forecast to top $80 billion with American families spending between $700 and $1,000 dollars on students. Amazon a...
17:32, 07/19/2019

Elizabeth Warren attacks the private equity industry with new regulation proposals Warren wants to make private equity firms responsible for debts and pension obligations of companies they buy and change executive compensation rules ...
15:48, 07/18/2019

Amazon says this year's Prime Day surpassed Black Friday and Cyber Monday combined Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day...
15:48, 07/17/2019

Kohl's says let the holiday hiring season begin Kohl's is kicking off its holiday hiring extra early for the second straight year as retailers vie to find skilled workers in a tight labor marke...
15:16, 07/17/2019

Biggest Amazon Prime buy of all may start the day after the sale ends Amazon Prime Day is expected to set a new sales record for the online retail giant, bringing in close to $6 billion this week, but another big Amazon ...
19:00, 07/16/2019

Fear missing out? Amazon knows it—and uses it to make Prime Day sales Amazon's marketing for its annual Prime Day plays on our fear of missing out on deals and discounts. Experts weigh in on the consumer psychology ...
15:32, 07/14/2019

How skin care and K-beauty became big moneymakers for the beauty industry The beauty industry's revenue is expected to grow within the next four years to more than $379 billion dollars, according to an IBISWorld report,...
18:48, 07/12/2019

Fred's will close 129 stores and hold clearance sales. Here's a map of each location Discount retailer Fred's said it will close another 129 stores and hold clearance sales as the company works to repay debt and diversify its prod...
18:48, 07/12/2019

Amazon Prime Day to test one-day delivery as value of sales could soar to as much as $6 billion Amazon Prime Day, which begins in just three days, will test the company's promise to provide one-day shipping for more than 10 million products ...
18:48, 07/12/2019

American Eagle Outfitters is following rival Abercrombie & Fitch by getting into the CBD business Teen apparel retailer American Eagle Outfitters is following in rival Abercrombie & Fitch's footsteps by getting into the booming CBD business an...
16:48, 07/11/2019

Lululemon just opened a sprawling, 20,000-square-foot store in Chicago — here's what it looks like Lululemon on Thursday morning is opening its biggest store ever, in the Lincoln Park neighborhood of Chicago. You can do a lot more than just shop the...
16:48, 07/11/2019

America's 10 most expensive states to live in 2019 These states are the most expensive places to live in America, according to CNBC's 2019 Top States for Business study released Wednesday. CNBC sc...
18:00, 07/10/2019

Back-to-school spending won't give retailers much of a boost this year, survey says Consumers shopping for back-to-school clothing, school supplies and electronics are expected to spend $27.8 billion this year, up just 1.8% from 2018,...
07:16, 07/10/2019

Burger King adds $1 tacos to its menu for a limited time Burger King announced today that it is offering $1 tacos nationwide for a limited time. The chain had also previously served tacos on its menu around ...
15:32, 07/09/2019

Amazon workers are reportedly planning a Prime Day protest Amazon employees in Minnesota are reportedly planning a strike on Prime Day this year, as the company is promoting its faster delivery options but not...
19:48, 07/08/2019

Are Beyond Meat's plant-based burgers healthier than red meat? Dietitians say no. Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren'...
18:00, 07/04/2019

Nathan's hot dog eating contest offers the frank a rare chance to shine The humble hot dog is a common sight at Fourth of July celebrations, and is an established part of the American diet. But the category has been stagna...
15:00, 07/04/2019

Nike should've done their research on 'Betsy Ross' flag, says Motus One CEO Nike should've anticipated the controversy surrounding the early American flag on the sneakers it has since pulled, and the decision the company ...
16:48, 07/03/2019

From saving Chrysler to buying Jeep, here are Iacocca's greatest achievements Lee Iacocca transformed the auto industry during a legendary career that stretched from the birth of the Ford Mustang through the death of American Mo...
06:16, 07/03/2019

Adidas' social media campaign backfires, sending out anti-Semitic tweets A social media campaign celebrating the launch of Adidas' new gear for the Arsenal soccer team in London went array Monday, with the retailer...
17:48, 07/02/2019

Nike pulls sneakers with 'Betsy Ross' American flag after Colin Kaepernick complains Nike pulled sneakers that featured an early American flag after former NFL football player Colin Kaepernick told the company it shouldn't sell a ...
10:32, 07/02/2019

Corona brewer CEO says 'We'd always be ready' if Trump levies tariffs on Mexican beer Constellation Brands CEO Bill Newlands said Friday that the brewer of Corona and Modelo would be ready if President Donald Trump put tariffs on Mexica...
23:32, 06/28/2019

Secondhand luxury retailer The RealReal jumps almost 50% after IPO The shares jumped from an IPO price of $20 apiece Thursday to almost $30 in morning trading on the Nasdaq under the symbol REAL, giving it a prelimina...
18:00, 06/28/2019

Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear Nike sold more sneakers and gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion....
00:16, 06/28/2019

Trump official defends Wayfair bed sale to border camp. How else can they keep kids comfortable? "Those who are protesting Wayfair's sale of beds for unaccompanied alien children need to ask themselves what the alternative should be to keep t...
18:00, 06/27/2019

Wayfair customers call for boycott after employees protest bed sales to border detention camps Wayfair drew backlash and calls from some customers for a boycott after employees protested the company's apparent sale of $200,000 of mattresses...
19:32, 06/26/2019

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans ...
16:32, 06/26/2019

Home Depot CEO says company hopes to cut costs to reduce impact of tariffs on consumer prices Home Depot CEO Craig Menear said the company aims to minimize any impact that potential tariffs will have on customers by cutting costs elsewhere in t...
02:16, 06/25/2019

How to future-proof companies and CEOs: Highlights from CNBC Evolve CNBC recently held Evolve in New York City. Among the highlights: Best Buy chairman Hubert Joly on the secrets to his amazing retail turnaround and Th...
22:48, 06/21/2019

Elon Musk's flamethrower incenses New York lawmakers. State Senate passes bill banning the weapon The New York State Senate passed a bill to make possession of a flamethrower for recreational use a crime, specifically calling out Elon Musk and the ...
19:16, 06/21/2019

I tried out a vegetarian diet for 21 days. Here's what I learnt about the growing meatless movement. Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores wheth...
06:48, 06/20/2019

Target's stock drops after weekend register meltdown Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other soc...
18:00, 06/17/2019

US companies' message to Trump: Don't expand China tariffs Businesses, trade groups, and individuals have written to complain that tariffs would drive up prices for consumers, squeeze profits, and leave U.S. c...
15:16, 06/17/2019

Jim Cramer: Put Chewy on the shopping list and buy it on a pullback "Even after today's magnificent run, Chewy isn't all that expensive. The company's got a great growth story and they have legions of lo...
01:32, 06/15/2019

Chewy CEO says the online pet retailer isn't thinking about selling CBD Pet owners are increasingly using CBD to treat their animals, but Chewy CEO Sumit Singh said ahead of the company's market debut that the retaile...
17:48, 06/14/2019

Chewy, PetSmart's online business, soars 85% after pricing at $22 per share Following the IPO, PetSmart will remain majority owner of Chewy. It will use proceeds from the IPO for working capital and general corporate purposes,...
17:48, 06/14/2019

Why Home Depot failed in China In 2006, Home Depot bought the Chinese home improvement company Home Way and its 12 stores in the country. By 2012, Home Depot had totally exited the ...
17:48, 06/14/2019

MGA Entertainment CEO says Mattel will be bankrupt 'within a year or so' after takeover bid rejected MGA Entertainment CEO Isaac Larian said toymaker Mattel will be bankrupt "shortly, within a year or so" after the rival company rejected MGA's ta...
04:00, 06/14/2019

Jim Cramer reviews which retail stocks are working and which you should stay away from "There's a market for high-end luxury goods and low-end mass market merchandise, but right now there's not much space in between," the "Mad ...
04:00, 06/14/2019

Cramer: Shares of Michael Kors' parent company are cheap — go with the bulls The Michael Kors parent held an analyst meeting earlier this week in which management laid out its growth plans, but it yielded conflicting opinions f...
04:00, 06/14/2019

Retailers fight back: Bricks-and-mortar brands are figuring out online sales, boosting their stocks A number of retailers, like Lululemon and Best Buy, and restaurants over the past few weeks have reported explosive growth of e-commerce sales, helped...
22:00, 06/13/2019

Beyond Meat's stock briefly tumbled after Tyson Foods touts plans to sell plant-based nuggets Shares of Beyond Meat were up slightly Thursday after falling about 4% in premarket trading after Tyson Foods announced plans to launch plant-based nu...
19:48, 06/13/2019

Retailers RH, Oxford Industries plan to hike prices to soften the impact of China tariffs Retailers RH and Oxford Industries revealed major steps, including shifting production out of China and raising prices, to cushion the impact of the t...
15:48, 06/13/2019

Target makes the latest move in delivery wars with Walmart and Amazon Target is bringing its same-day delivery option to the masses, marking the latest move in an ongoing and heated battle over delivery involving the big...
06:16, 06/13/2019

Gary Vaynerchuk: I've seen this side hustle generate up to $100,000 for kids in debt Gary Vaynerchuk, serial entrepreneur turned social media mogul, may be worth $160 million but he still loves a good side hustle. He has witnesses a gi...
11:16, 06/12/2019

Walmart will save $30 million by putting new step stools in its warehouses CEO Doug McMillon said Walmart will save at least $30 million this year by putting lighter-weight step stools in its distribution centers for workers ...
22:48, 06/07/2019

Elliott Management to acquire Barnes & Noble for $683 million Billionaire Paul Singer's firm already owns Britain's biggest bookseller, Waterstones. Adding Barnes & Noble could give Elliott buying lever...
15:32, 06/07/2019

Beyond Meat shares surge 27% as analysts predict more robust sales growth ahead Shares of Beyond Meat surged 27% in premarket trading Friday after analysts raised their price targets following the company's first quarterly re...
15:32, 06/07/2019

Walmart is going to start delivering groceries inside shoppers' homes Starting this fall, nearly 1 million people across three cities — Kansas City, Missouri, Pittsburgh and Vero Beach, Florida — will have access to Walm...
06:16, 06/07/2019

Stitch Fix CEO says it's getting better at finding the most valuable customers for its service Shares of Stitch Fix rose nearly 15% Thursday after the online personal styling company reported Wednesday that it beat earnings and sales expectation...
23:00, 06/06/2019

Elliott Management reportedly in lead to acquire bookseller Barnes & Noble The retailer said last year it was exploring a sale after having received "expressions of interest" from "multiple parties," including its chairman, L...
20:32, 06/06/2019

Apparel giant Forever 21 exploring restructuring as retail continues to take hits The talks come as the apparel industry continues to struggle amid sweeping changes. A number of retailers that cater to teens have filed for bankruptc...
23:32, 06/03/2019

Costco sold someone a $400,000 diamond ring Warehouse retailer Costco said during its latest quarter ended May 12 it got a sales boost thanks to a customer purchasing one of its rings for more t...
22:16, 05/31/2019

Apparel retail earnings haven't been this bad since the Great Recession Apparel retailers' earnings are down 24% for the first quarter of 2019, Retail Metrics said, the group's worst since the first quarter of 20...
22:16, 05/31/2019

Canada Goose shares are cratering more than 20% on the luxury coat maker's weak sales outlook Canada Goose shares are falling after the high-end coat maker missed quarterly sales estimates and said it expects slower sales growth in the coming y...
17:00, 05/29/2019

Foot Locker is kicked to the curb, and one technical analyst says it's on track for new lows Foot Locker got roughed up last week. Charts suggest it could see short-lived relief, but beware a fake rally, says Piper Jaffray's Craig Johnson...
17:48, 05/28/2019

Casper, Kylie Jenner's billion-dollar mattress, could be an IPO market sleeper Over 800,000 Instagram likes from Kylie Jenner's followers does not alone make mattress start-up Casper worth billions, but recent hot performanc...
19:32, 05/26/2019

Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company repo...
04:00, 05/23/2019

Lowe's tumbles as earnings fall short and forecast cut as higher costs weigh on results Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the yea...
15:48, 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