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The Worldwide Leader in News: Retail

08/26/2019

Disney and Target are teaming up to open stores with each other's help The announcement for Target also comes on the heels of a strong quarterly earnings report, where it showed it drove more people to stores and got them to spend more money there....
23:14, 08/25/2019

Gap's second-quarter sales fall short of estimates, CEO calls out 'challenging environment' Gap Inc.'s fiscal second-quarter earnings topped analysts' estimates but sales missed. Same-store sales dropped 4% during the period, worse than expected....
22:56, 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 fending off unions with tweets, training videos and new hires....
21:42, 08/22/2019

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' expectations....
18:00, 08/22/2019

Target CEO: The US trade war creates 'uncertainty' and 'complexity' for retailer "As long as the trade situation remains fluid, it will present an additional layer of uncertainty and complexity as we plan our business," Target CEO Brian Cornell said....
15:14, 08/21/2019

Lowe's analyst sees 'big turnaround potential' and possibly 80% upside for stock "Under the guidance of the new CEO, Lowe's is getting its act together," says Oppenheimer's Brian Nagel. "If we're right here and this continues, this stock has a long way to run."...
15:14, 08/21/2019

Stocks have rebounded big in a short time. History shows market momentum should continue Stocks are climbing fast as fears over a U.S. recession appear to be easing. According to market history, this upward momentum could continue for another month....
18:56, 08/20/2019

A generational shift in consumer tastes is a boon for these retailers, Jim Cramer says "These days, the consumer is addicted to convenience ... If it doesn't have a great digital presence or incredible bargains, take a pass," Jim Cramer says....
03:56, 08/20/2019

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 branding in the region....
15:00, 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, focus on their work, or take a quick break....
18:28, 08/17/2019

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's multibillion-dollar investment campaign now seems to be paying off....
14:42, 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's multibillion-dollar investment campaign now seems to be paying off....
18:14, 08/15/2019

Luckin Coffee CFO: Trade war with US will hit Chinese consumer confidence 'at some point' The chief financial officer of Luckin Coffee — Starbucks' challenger for the Chinese coffee market — said Thursday that the trade war will hit consumer confidence....
18:14, 08/15/2019

Macy's CEO Jeff Gennette: Shoppers have 'no appetite' for price increases from looming tariffs "We are working with our sourcing and tariff partners to mitigate the risk between vendors and our margins," CEO Jeff Gennette told CNBC in an interview Wednesday morning....
19:28, 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 largest economies, the company's chief financial officer said....
11:28, 08/14/2019

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 effect on Sept. 1....
19:15, 08/13/2019

American consumers are worrying more about Amazon's power, a new CNBC survey finds There's been a steady slide toward pessimism among the American public when the topic is Amazon. Whether influenced by politics or not, the changing attitudes may reflect a changing understanding of their role as consumers....
19:15, 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 stores' greatest strength, size and scale, have become their greatest weakness....
19:15, 08/13/2019

New York rents are down from 2014 highs. But Barneys shows massive rent hikes still happen Retail rents in New York corridors including Fifth Avenue around Grand Central, SoHo and the Upper East Side are nowhere near what they once were in 2014. Even Madison Avenue hasn't been immune to the trend....
07:56, 08/09/2019

J.C. Penney faces NYSE delisting J.C. Penney is at risk of delisting from the New York Stock Exchange, after shares of the company traded under $1 for a period of 30 consecutive business days....
07:56, 08/09/2019

CEO of Wrangler, Lee parent isn't afraid of a recession or tariffs on China-made goods Kontoor Brands put up stronger-than-expected earnings and revenue in its first earnings report as an independent company. Earlier this year, it was spun off from VF Corp....
21:28, 08/08/2019

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 bank; and Apple invites first customers to its credit card....
20:14, 08/08/2019

For kids' clothes, no one retailer has the lock on back-to-school season this year No company has the majority of share of the estimated $34 billion U.S. children's clothing industry. Carter's ended 2018 with the biggest stake, 9.4%....
20:14, 08/08/2019

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 bank; and Apple invites first customers to its credit card....
17:28, 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' website. The office supply stores are not alone. Such products are becoming more mainstream....
17:28, 08/06/2019

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 company....
17:28, 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 expectations and raised its revenue forecast for the year...
09:00, 08/06/2019

Shake Shack taps Grubhub for nationwide delivery Shake Shack CEO Randy Garutti says the partnership was the result of a "journey" after working with Grubhub, Doordash, Caviar and Postmates for the past two years....
14:42, 08/05/2019

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 trends and companies that were long ago pronounced dead....
22:28, 08/03/2019

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 its brands....
14:14, 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 Wednesday. Shares of the plant-based meat maker fell in premarket trading Thursday....
14:14, 08/01/2019

P&G CEO says US consumer 'remains strong' despite global trade concerns Procter & Gamble's CEO tells CNBC the U.S. consumer "remains strong," after the company reported fiscal fourth-quarter earnings that beat Wall Street expectations....
04:42, 07/31/2019

Under Armour shares sink 15% on sales miss and lower forecast in North America For the year, Under Armour now expects sales in North America will decline slightly. It's been struggling to keep up with rivals Nike and Adidas....
19:56, 07/30/2019

Under Armour's North America problem hasn't gone away Under Armour's mixed earnings results on Tuesday called attention to the fact that the brand continues to fight to win more shoppers on its home turf, a competitive one....
19:56, 07/30/2019

Gap's newest ad campaign attempts to clarify its identity ahead of the Old Navy spinoff Gap's newest ad campaign is a step to focus the retailer's identity, ahead of plans to spin off Old Navy into a separate, publicly-traded company....
19:56, 07/30/2019

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 making outdoor vacations easier. Customers can try out new activities before purchasing any gear....
16:14, 07/28/2019

JC Penney is trying new things to stay afloat. But its stock is below $1, at risk of being delisted. J.C. Penney CEO Jill Soltau is doing what she can to keep the 117-year-old department store chain afloat, even as the retailer's shares trade below $1 and are at risk of being delisted from the New York Stock Exchange....
19:00, 07/26/2019

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 coffee chain....
16:14, 07/26/2019

JC Penney is fading. Nordstrom is struggling. Walmart is thriving. That sums up retail. Department stores are clearly under water. And what's going on with the shares of several retailers today paints a clear picture of the dynamic shaping up in the industry, with a growing gap between the strong and the weak....
22:14, 07/24/2019

Chipotle teases carne asada and other potential new menu items Chipotle Mexican Grill teased potential new menu items on its earnings call Tuesday as the chain continues to impress investors under CEO Brian Niccol....
02:00, 07/24/2019

Chipotle's stock hits all-time high after earnings top estimates, raises sales forecast Chipotle Mexican Grill on Tuesday reported that its digital sales nearly doubled during its second quarter, fueling earnings that beat analysts' expectations....
00:14, 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 year....
00:14, 07/24/2019

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. ICSC says it's a "halo effect."...
01:00, 07/23/2019

Home Depot CFO reveals the one millennial homeowner habit that is 'music to our ears' "They've told us through our research, 'We want to work on our house because we think it's a good investment,'" Home Depot CFO Carol Tomé says....
01:00, 07/23/2019

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 launched lines in recent years....
21:14, 07/22/2019

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 and other retailers will be offering deals throughout the summer....
18:00, 07/19/2019

Business groups slam House for passing $15 minimum wage bill Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer....
23:00, 07/18/2019

Dressbarn to close 53 stores in August, saying the wind down of the business is 'on target' Ascena on Thursday said the winding down of its Dressbarn business is on target amid chatter the business would be forced to file for bankruptcy to break leases. It said 53 stores are expected to shut by the end of August....
23:00, 07/18/2019

The best Amazon Prime Day deals could be these ETFs Amazon Prime Day has market watchers hunting for deals on and offline, and ProShares strategist Simeon Hyman has a few suggestions for how to play the e-commerce boom....
20:42, 07/16/2019

Amazon asked some advertisers to increase spend on Prime Day by at least 100% Amazon Prime Day 2019 is an opportunity for Amazon to push companies to spend more on ads, some experts told CNBC. Amazon made $2.72 billion in its "other" segment in the first-quarter of this year, consisting primarily of advertising sales....
16:56, 07/15/2019

These are the best places to launch a small business in America CNBC's 2019 America's Top States for Business study reveals the places that foster an entrepreneurial ecosystem have a good regulatory environment, low taxes and access to capital, making them the ideal spot to launch a small business....
16:56, 07/15/2019

Amazon is using Prime Day this year to try to win in fashion The market for apparel and accessories globally is worth more than $1 trillion, so Amazon clearly sees there's a lot at stake here. It's using Prime Day to tout fashion deals....
16:56, 07/15/2019

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 behind Prime Day....
16:42, 07/14/2019

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 on what may be a record-setting event....
17:56, 07/12/2019

Fred's closes 129 additional stores and holds clearance sales Discount retailer Fred's said Friday it will close another 129 stores and hold inventory clearance sales as the company works to repay its debt and diversify its product selection....
16:56, 07/12/2019

Nike 'Back to the Future' sneakers expected to sell for over $50,000 at auction A rare pair of Nike "Moon Shoes" could fetch as much as $160,000 in an auction held by Sotheby's, which also features Marty McFly's famous self-tying sneakers....
13:14, 07/12/2019

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 there....
16:28, 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 scored all 50 states based on an index of average costs for basic items ranging from groceries to hous...
14:14, 07/10/2019

Cramer: Four stocks are putting up a fight against Amazon in retail "In a retail environment dominated by a handful of players ... there are smaller operators that we have found ways to like and win with," Jim Cramer says....
02:28, 07/10/2019

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 giving its workers enough credit, they say....
17:56, 07/08/2019

The flag shirt you're buying for July 4th is technically illegal Nike's idea for their "Betsy Ross" sneaker reflected a growing interest in timeless apparel that features the U.S. flag or its colors, as consumers trend toward buying fewer articles of clothing and stick to classic pieces....
14:42, 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 Motors....
05:56, 07/03/2019

Adidas' social media campaign backfires, sending out anti-Semitic tweets A social media campaign celebrating Adidas' new gear for the Arsenal soccer team in London went awry Monday, with the retailer sending out anti-Semitic tweets....
21:56, 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 shoe with a symbol that he and others consider offensive, the Wall Street Journal reported....
06:00, 07/02/2019

Kim Kardashian is renaming her 'Kimono' company after causing an uproar Reality TV star Kim Kardashian said she's going to change the name of her new "Kimono" brand venture after causing an uproar and drawing accusations of cultural appropriation....
20:14, 07/01/2019

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 Mexican beer....
23:14, 06/28/2019

Nike misses on earnings, but beats on revenues as customers buy more sneakers and 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....
22:56, 06/27/2019

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 the children comfortable," HHS spokeswoman Evelyn Stauffer said....
18:00, 06/27/2019

Rite Aid shares swing on earnings miss Shares of Rite Aid slid in premarket trading Thursday on disappointing quarterly earnings results as the drugstore chain struggles to prove itself as an independent company....
15:42, 06/27/2019

Abercrombie & Fitch will sell Green Growth Brands' CBD products in more than 160 stores Abercrombie & Fitch is going to sell Green Growth Brand's CDB-infused body-care products like lip balms and sugar scrubs in more than 160 stores....
15:00, 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 and bunk beds destined for a Texas detention camp for migrant children....
20:28, 06/26/2019

JetBlue sues Walmart for trademark infringement over Jetblack service JetBlue Airways has sued Walmart for trademark infringement, after the world's largest retailer began using the name Jetblack for its text-based personal shopping service....
16:00, 06/24/2019

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 The New York Times CEO on digital media and making the newspaper worth more than President Trump....
02:00, 06/22/2019

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 Boring Company for their 'not a flamethrower' product....
18:42, 06/21/2019

YouTube rolls out augmented reality for viewers to virtually try on makeup YouTube will allow viewers to virtually try on makeup using an augmented reality program called AR Beauty Try-On. MAC Cosmetics is the first company to launch a campaign using it....
21:28, 06/20/2019

Hubert Joly: People said I was 'crazy or suicidal' for taking Best Buy job. Then he turned it around Hubert Joly announced in April he was ceding the chief executive spot to Corie Barry, a move that went into effect earlier this month. Joly will now be its executive chairman....
22:42, 06/19/2019

Walmart to test self-driving delivery from warehouse to warehouse Robot-driven vans will be Walmart's next push to lower shipping costs as their online shopping rapidly expands, according to a Bloomberg report....
22:42, 06/19/2019

Papa John's will spend additional $80 million on franchisee relief and marketing Papa John's said Wednesday that the company will invest an additional $80 million in its domestic franchisees and marketing, as the pizza chain's struggles put pressure on its operators....
22:42, 06/19/2019

Retail executives say shoppers have all the power Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's Evolve Conference on Wednesday in New York....
17:28, 06/19/2019

Target CEO Brian Cornell reiterates forecast, apologizes to customers for 'disappointing' weekend Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours....
14:28, 06/19/2019

How the trade war with China could crush California's $2.7 trillion economy and hurt other states The impact of the U.S.-China trade war is greatest in states that export agricultural products, electronics and chemicals directly to China. California has taken the biggest hit followed by Texas, Illinois and Louisiana....
18:42, 06/18/2019

Former Snap exec Imran Khan takes aim at Amazon as retail site Verishop goes live Imran Khan's retail website, Verishop, is going live on Tuesday. It sells a mix of designer apparel, home goods and beauty products from brands including Levi's and Boll & Branch....
12:42, 06/18/2019

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 loyal customers," Jim Cramer says....
03:28, 06/15/2019

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 takeover. Mattel shares dipped briefly following the comments...
04:56, 06/14/2019

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 tariff hike on Chinese goods....
15:42, 06/13/2019

LaCroix parent company's stock falls to multiyear low following lawsuit Shares of National Beverage hit their lowest point since 2016 after a former employee filed a lawsuit alleging he was fired after objecting to a plan to falsely claims that LaCroix cans were free of a particular chemical....
00:28, 06/12/2019

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 gig called retail arbitrage flipping make homeless people as much as $50,000 to $100,000....
15:56, 06/11/2019

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 to use....
21:42, 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 Walmart's new in-home delivery option, the retailer announced Friday at its annual shareholders mee...
07:14, 06/07/2019

This statistic is a key reason why Walmart, Target and Costco are thriving Walmart, Target, Costco and America's dollar stores are thriving today, while other retailers flounder. A look at why by retail analysts at Bank of America Merrill Lynch....
22:28, 06/05/2019

Stitch Fix spikes 21% after beating earnings and revenue expectations Shares of Stitch Fix soared 21% in after-market trading Wednesday after the online personal styling company reported it beat earnings and sales expectations in the fiscal third quarter of 2019....
22:28, 06/05/2019

Beverly Hills votes to outlaw tobacco sales in ordinance believed to be first of its kind in US The Beverly Hills City Council late Tuesday voted to outlaw sales of most tobacco products in a sweeping ordinance that is believed to be the first of its kind in the nation....
08:00, 06/05/2019

Nike may not have a lot to gain taking on Toronto Raptors' Kawhi Leonard over 'Klaw' logo The "Klaw" logo in question is an outline of the basketball star's hand that includes his initials and the number 2, which is his jersey number....
21:42, 06/04/2019

CVS Health promises double-digit earnings growth by 2022 as it tries to allay investor worries CVS Health tried to allay investor concerns Tuesday over its $70 billion acquisition of health insurer Aetna last year, projecting double-digit growth after the two companies are fully integrated in a few years....
15:56, 06/04/2019

Juul is exploring plans to open its own US retail shops E-cigarette maker Juul Labs is considering opening U.S. retail shops that would only admit adults, a person familiar with the situation told CNBC on Thursday....
19:56, 05/30/2019

CEO Bob Iger doesn't think Disney is too reliant on 'Star Wars' Disney's CEO Bob Iger is confident the company's $1 billion investment in its new "Star Wars" theme parks will be a boon not only for its park division, but the beloved sci-fi franchise, too....
01:28, 05/30/2019

Canada Goose shares are cratering more than 25% 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 years....
19:28, 05/29/2019

Abercrombie & Fitch CEO says smaller stores are the future (as it closes 3 of its largest stores) While Abercrombie & Fitch is planning to close three more of its flagship retail locations, it's opening additional smaller-format stores in a bid to keep traffic growing....
19:28, 05/29/2019

'100% not guilty!' — Michael Avenatti proclaims innocence in Stormy Daniels and Nike cases Michael Avenatti proclaimed himself to be innocent at double-header arraignments on charges of trying to extort Nike out of more than $20 million, and of swindling his porn star client Stormy Daniels out of about $300,000 in book sales....
22:56, 05/28/2019

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....
14:00, 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 performance of bedding companies and increased consumer spend could make the company's IPO a sleeper....
17:14, 05/26/2019

California lawmaker withdraws bill banning flavored tobacco products after 'hostile amendments' A proposed California bill that would prohibit sales of flavored tobacco products in stores and vending machines in the nation's most populous state was withdrawn Thursday....
06:42, 05/24/2019

Elizabeth Warren and AOC target Treasury Secretary Mnuchin over Sears bankruptcy In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO Eddie Lampert's decisions....
17:28, 05/23/2019

Meet the 27-year-old set to be India's first woman to co-found a $1 billion start-up At 27, Ankiti Bose is already the CEO of online shopping site Zilingo, and on course to become the first Indian woman to co-found a $1 billion start-up....
10:28, 05/23/2019

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, Ascena is turning to pruning its less successful brands....
21:00, 05/21/2019

Nordstrom's massive department store for women set to open this October in New York Nordstrom has chosen Oct. 24 for the grand opening of its women's store in New York, the largest single-project investment in the company's history....
20:56, 05/20/2019

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 people want healthy options when they go there....
20:56, 05/20/2019

Dozens of shoe retailers, including Nike and Adidas, sign letter to Trump urging a halt to tariffs More than 170 shoe retailers have penned a letter to the White House asking President Donald Trump to consider a halt to tariff increases on footwear imported from China....
17:42, 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....
15:28, 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 products alone saw a more than 7% jump in sales, according to market researcher NPD Group....
18:28, 05/18/2019

Walmart gives a first look at its sprawling new home office in Bentonville Walmart is one step closer to moving into a new home office for more than 14,000 people, which will be outfitted with fitness centers for employees and their families, a child-care facility and more diverse dining options like food trucks....
19:56, 05/17/2019

From advertising to A.I., Walmart is doing a lot more than just being a retailer You might only know Walmart as a place to stop to pick up milk or paper towels, maybe a few other things, on your way home from work. But the biggest retailer in the world is doing a lot more than just selling groceries....
20:56, 05/16/2019

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 billion people in a matter of seconds. The company made this year's CNBC Disruptor 50 list....
17:28, 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 pause her contract and stop paying her. Experts say Nike's inclusive image could be at risk...
17:28, 05/16/2019

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 blocked by the U.K. regulator....
19:42, 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 comparison....
19:42, 05/15/2019

Instacart and Whole Foods officially part ways, and the CEO says he's ready Instacart co-founder and CEO Apoorva Mehta says the company is ready for the split, and he is not looking at the IPO performance of other "unicorns" going public this year....
19:42, 05/15/2019

Retailers to take a hit: Trade war could cause 'widespread store closures' Another potential round of tariffs in a tit-for-tat trade war between the U.S. and China could have an unintended consequences: massive store closures....
17:00, 05/14/2019

Retailers, already planning for the 2019 holidays, expected to get whacked by tariffs Meanwhile, President Donald Trump has threatened to slap 25% tariffs on another $325 billion in Chinese goods that still remain untaxed, after Friday's hike. And that list of goods includes apparel, toys and footwear....
17:56, 05/10/2019

Etsy CEO shrugs off 'rocky' start to Q1: 'We feel really good' Etsy CEO Josh Silverman tells Jim Cramer he is optimistic about the rest of the year and explains the e-commerce platform's plan to reduce carbon emissions....
00:56, 05/10/2019

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 relevant skills and retail experience they need to turn around the struggling retailer....
16:00, 05/09/2019

Sears wanted its new logo to make people think of home and heart, instead some are thinking about Airbnb Sears unveiled a new logo, marking its latest attempt to freshen its image and reconnect with consumers. The new design hopes to represent a combination of a home and a heart....
22:42, 05/08/2019

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 who are spending billions of dollars on their dogs and cats each year....
09:28, 05/07/2019

Sunscreens may enter bloodstream, but health effect unknown, study finds "Just because they are absorbed doesn't mean they are unsafe. That's why we are asking for additional data," the study author said, NBC News reports....
21:56, 05/06/2019

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 Patricio....
19:42, 05/04/2019

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 retailers — including Target, Kohl's and Macy's — are looking to shrink their existing full-size s...
21:14, 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 this year....
21:14, 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 code.  ...
21:14, 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 the number of people sickened has soared to 246 patients in 26 states, federal officials said Tuesday...
21:14, 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 in 2016 to help small businesses with cross-border trade....
21:14, 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 than 350 million square feet of mall space across the United States....
21:14, 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 customers....
21:14, 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 Bertha Coombs....
21:14, 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.S. health officials issued a blanket warning that no romaine was safe to consume....
21:14, 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 Thursday open....
21:14, 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 more than $600 million, people familiar with the situation tell CNBC....
21:14, 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 restaurants....
21:14, 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 McMillon says....
21:14, 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 carry over.  ...
21:14, 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 in which the tobacco company must compete. ...
21:14, 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 competitor, Juul, and is awaiting a decision on Philip Morris International's heated tobacco product, iO...
21:14, 05/01/2019

Cannabis fans everywhere may get their wish as Oreo-maker Mondelez eyes CBD-infused snacks Mondelez CEO Dirk Van de Put said that the Nabisco owner is getting ready to add CBD to its food products but waiting for more regulatory guidance from the FDA....
19:42, 05/01/2019

Yum Brands first-quarter earnings top expectations on KFC and Taco Bell sales The parent company of fast-food franchises KFC, Taco Bell and Pizza Hut reported first-quarter earnings Wednesday that beat Wall Street's expectations....
13:56, 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....
02:42, 05/01/2019

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....
05:00, 04/29/2019

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 billion....
05:00, 04/29/2019

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 York store....
05:00, 04/29/2019

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 generate profits from the millennial-focused, peer-to-peer payments app....
05:00, 04/29/2019

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 sellers....
05:00, 04/29/2019