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Top News: Retail

03:19, 2019-10-15

Victoria's Secret cuts 50 from headquarters staff, head of stores to step down The head of Victoria's Secret's stores and store operations is stepping down, CNBC has learned, as the lingerie brand lays off about 50 people at its corporate headquarters....
00:00, 2019-10-11

Walmart's US president Greg Foran to depart, with Sam's Club CEO John Furner taking over Walmart said Thursday that its president and CEO in the U.S., Greg Foran, is stepping down, to be replaced by the head of its wholesale Sam's Club business, John Furner....
00:00, 2019-10-11

Kroger gets a downgrade after the grocery store makes a mulityear mistake, Jefferies says For a grocery store chain, capturing online shoppers and catching up to Amazon-owned Whole Foods is a tricky business. Investing in centralized fulfillment centers could be a multiyear mistake....
16:34, 2019-10-10

Target taps Michael Fiddelke as CFO, as its chief merchant heads to Bed Bath & Beyond Target on Wednesday afternoon announced the resignation of Chief Merchandising Officer Mark Tritton, who will be joining the embattled Bed Bath & Beyond as CEO....
12:00, 2019-10-10

Jim Cramer: Investors who bailed on Costco's misleading quarter made a costly mistake "It's never been a mistake to give Costco the benefit of the doubt," Jim Cramer of "Mad Money" says days after the retailer's mixed quarterly report....
07:00, 2019-10-08

Kroger, Walgreens to stop selling e-cigarettes, amid backlash and regulatory uncertainty The Centers for Disease Control and Prevention has identified at least 18 confirmed deaths due to a mysterious vaping disease. Walmart and Rite Aid have taken similar steps....
22:34, 2019-10-07

A fired CEO remains the most influential person in the rise of ghost kitchens As food delivery booms thanks to third-party services like DoorDash and UberEats, venture capitalists look to ghost kitchens as the next way to cash in....
22:34, 2019-10-07

Impossible Foods CEO says rival plant-based meat products 'suck' Impossible Foods CEO Pat Brown said other companies offering plant-based meat alternatives make products that "suck," in an interview with Food Dive....
19:34, 2019-10-07

Stitch Fix CEO says the online-styling company could feel impact of future tariffs hike "Tariffs that we've had to date don't impact us. The ones that are being contemplated now potentially could," Stitch Fix CEO Katrina Lake says....
05:34, 2019-10-05

Barneys finds $220 million bidder in bankruptcy court A group of fashion executives, led by Sam Ben-Avraham, is preparing a bid of about $220 million, the Journal reported. At a bankruptcy hearing Thursday, Barneys' lawyer said it was in negotiation...
21:00, 2019-10-04

Walmart to sell online women's apparel brand ModCloth to Go Global Retail Walmart is selling online women's apparel business ModCloth, which it acquired in March of 2017, to Go Global Retail, the companies announced on Friday afternoon....
21:00, 2019-10-04

Retail trade group sees holiday sales rising 3.8% to 4.2% this year, citing 'uncertainty over trade' Holiday retail sales are expected to increase between 3.8% and 4.2% this year, reaching between $727.9 billion and $730.7 billion, the National Retail Federation said....
17:00, 2019-10-03

Options traders look for signs of life as earnings focus turns to Costco Before Friday's jobs report, the best way to gauge the health of the consumer may be this week's consumer staples earnings. Costco is on deck....
17:00, 2019-10-03

Kroger to lay off hundreds, as questions about its turnaround plan linger Shares of Kroger, which also owns Harris Teeter, Ralphs, Fred Meyer, and other brands, are down nearly 9% year-to-date, as it faces heightened competition from discount grocers Aldi and Lidl, as well ...
00:34, 2019-10-03

The biggest mall owner in the US is going online The biggest mall owner in the U.S., Simon Property Group, is teaming up with online shopping company Rue La La's owner to launch a new kind of website. Simon has been testing a site in beta for t...
14:00, 2019-10-02

This chart shows why the holidays are becoming less important to retailers Coresight Research said Tuesday it's calling for a 4% increase in U.S. retail sales this November and December, which isn't as robust as some estimates already out there....
12:00, 2019-10-01

Here's why the Forever 21 bankruptcy could be really bad news for US mall owners Forever 21 on Sunday night announced it was filing for Chapter 11 bankruptcy, planning to close nearly 200 locations across the U.S. The apparel retailer has 815 stores globally....
23:00, 2019-09-30

Amazon is in talks to bring its cashierless Go technology to airports and movie theaters Amazon wants to popularize its Go cashierless checkout technology by retrofitting existing businesses with it. It's in talks with airport retailers, movie theaters, and stadiums....
23:00, 2019-09-30

Apple would have paid $1.4 billion more last year under Sanders' income inequality tax plan Many tech companies wouldn't be affected by Sanders' proposal because they tend to pay employees high salaries. But Amazon and Apple would be notable exceptions....
23:00, 2019-09-30

A new name for a new agenda: One of the food industry's biggest trade groups rebrands itself After suffering an exodus of members, the Grocery Manufacturers Association on Thursday will announce it's changing its name to Consumer Brands Association next year....
06:17, 2019-09-26

Allbirds co-CEO: Suing Amazon over shoe 'risky' — they have more lawyers than we have workers "It's probably a risky territory to wade into, but we're always looking at it. We look carefully every time this happens," co-founder Joey Zwillinger says....
21:17, 2019-09-25

Tilman Fertitta's Landry's is buying famed Del Frisco's steakhouse chain The transaction gives Fertitta 35 more restaurants, including the Sixth Avenue Del Frisco's in NYC, one of the nation's highest-grossing restaurants....
15:51, 2019-09-25

Nike surges to all-time high after the company's earnings 'crushed it' Investors are rallying behind Nike's continued sales growth, as investments in designing new high-tech sneakers and fashion-forward apparel, adding Nike stores and selling less products in discou...
15:51, 2019-09-25

Nike shares hit all-time high as new products drive sales, earnings top expectations Nike on Tuesday reported quarterly earnings and sales that topped analysts' expectations, as investments it's made to sell more directly to customers showed signs of paying off....
23:17, 2019-09-24

Disney to offer more than 400 plant-based items to parkgoers starting in October The plant-based food craze that swept up restaurant chains like Burger King, White Castle and Dunkin' Donuts has come to Disney. The company revealed that it is massively expanding its selection ...
13:51, 2019-09-24

'Underdeveloped' warehousing in China could be an investing opportunity for property investors China's e-commerce boom is fueling demand for storage spaces and offers opportunities for those looking into putting their money in real estate, says Jean Eric Salata from Baring Private Equity A...
13:51, 2019-09-21

Tim Cook greets iPhone 11 customers at Fifth Avenue store in New York Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look....
22:17, 2019-09-20

Colt will no longer make AR-15s for civilians, but gun control advocates may not want to celebrate Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it first appears. In a crowded...
22:17, 2019-09-20

Jim Cramer says Bernstein's downgrade on Costco creates a buying opportunity "Costco is a best-of-breed retailer that has repeatedly reinvented itself, and if they need to reinvent themselves again, that's exactly what they'll do," the "Mad Money" host says....
03:51, 2019-09-20

Look inside the flagship Apple Fifth Avenue store before it reopens Here's a look inside Apple's flagship Fifth Avenue store, known as the "cube," in New York. It reopens on Friday after being closed since 2017 for renovations....
20:17, 2019-09-19

Fanatics hires Nike exec as CFO; business is targeting over $2.5 billion in sales this year Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned....
00:17, 2019-09-18

Chewy shares slide despite narrower-than-expected second quarter loss The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv....
00:17, 2019-09-18

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 like Facebook that are in control, according to Marti...
19:00, 2019-09-12

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 franchise business with the Gap, Banana Republic and...
19:00, 2019-09-12

Starbucks to offer more disclosures 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 recognizes revenue....
00:00, 2019-09-11

L Brands promises an 'evolution' is ahead for Victoria's Secret brand Victoria's Secret, by L Brands' own admission, stayed tied to its sexy imaging for far too long as its shoppers looked for more comfortable and inclusive options....
00:00, 2019-09-11

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 that it plans to launch an outdoor shop selling apparel and other excursion gear in 100 of its roughly 830 department stores next month....
21:00, 2019-09-10

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....
15:34, 2019-09-10

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, the company announced Monday....
03:00, 2019-09-10

Dollar Tree CEO on mitigating tariffs on Chinese imports: 'We play hardball' Giving credit to the company's merchants, Dollar Tree CEO tells Jim Cramer how the discount retailer worked with vendors to reduce costs on imports....
03:00, 2019-09-10

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 ACT prep, subsidizing a large chunk of their tuit...
23:34, 2019-09-08

Walgreens, CVS join Walmart, Kroger in asking shoppers not to openly carry guns in stores Drugstore chains Walgreens Boots Alliance and CVS Health on Thursday joined Walmart and Kroger in asking shoppers not to openly carry guns in their stores....
01:51, 2019-09-06

Lululemon shares rise as growth in men's sales drives earnings beat Lululemon in April said it plans to double its men's and online sales over the next five years, targeting annual revenue growth in the low teens during that time....
01:51, 2019-09-06

Nordstrom finally brings its mini 'Local' stores to New York On Thursday morning, one of the stores opened up in Manhattan on the Upper East Side, at 1273 3rd Ave. Later this month, a Nordstrom Local will open in the West Village neighborhood, at 13 7th Ave....
20:17, 2019-09-05

Kroger unveils plans for a line of plant-based products, including sausage and deli slices Simple Truth, a line of plant-based products including patties and ground imitation meat, will launch this fall. Kellogg and Hormel unveiled plant-based products on Wednesday...
20:17, 2019-09-05

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, Casabella's Bruce Kaminstein says....
04:51, 2019-09-04

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 they are authorized law enforcement officers....
04:51, 2019-09-04

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 effect Sept. 1 until Dec. 15 "for the Christmas season...
08:17, 2019-09-03

Beyond Meat uses climate change to market fake meat substitutes. Scientists are cautious While companies selling imitation meat boast of the environmental benefits, some climate researchers say that the carbon footprint of those products are significantly higher than real plant-based diet...
15:51, 2019-09-02

A Hong Kong-based garment maker says it's doing more than moving out of China amid the trade war It's crucial for businesses to be flexible and to hedge one's bets amid the protracted and unpredictable trade war, according to a Hong Kong-based garment maker....
09:51, 2019-09-02

Best Buy is days away from tariffs on its core products but is prepared, CEO says But executives were determined to put investors at ease, emphasizing that they factored the impending tariffs into their fiscal-year forecast, yet raised earnings guidance....
20:34, 2019-08-29

Apparel retailer Forever 21 weighs bankruptcy filing The retailer has been exploring restructuring options to shore up its liquidity as it struggles with its business, CNBC previously reported. Those efforts, though, have stalled, making a bankruptcy mo...
23:34, 2019-08-28

Hudson's Bay to sell Lord & Taylor for $100 million to clothing rental service Le Tote Le Tote will acquire Lord & Taylor's brand and intellectual property and assume operations of 38 stores, its digital channels and its inventory....
17:34, 2019-08-28

Best Buy revs up supply chain ahead of the holiday season There's much talk today about the shipping wars between big-box retailers Walmart and Target and e-commerce giant Amazon. But Best Buy has likewise been chipping away at its delivery strategy for...
17:34, 2019-08-28

North Carolina sues Eonsmoke, seven other vape companies for allegedly targeting children North Carolina is accusing the companies of using flavors, marketing strategies and inadequate age verification systems to sell to underage consumers....
20:34, 2019-08-27

Amazon appears to be cutting prices at Whole Foods again Whole Foods prices are falling modestly, after seeing a price hike earlier this year, narrowing the premium to other grocers like Kroger, according to a Morgan Stanley note published on Tuesday....
20:34, 2019-08-27

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....
00:51, 2019-08-23

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 pink, lacy and bejeweled lingerie....
02:51, 2019-08-22

Former OMB director says a halt in US consumer spending would bring on a recession Jim Nussle, a former Office of Management and Budget director, told CNBC that a strong U.S. consumer is the only thing keeping the country from recession....
02:51, 2019-08-22

Target CEO: US consumer confidence 'remains strong' Target CEO Brian Cornell still thinks the U.S. consumer is strong and spending. Target's latest quarterly results showed the big-box retailer is benefiting from that....
19:17, 2019-08-21

Home Depot says suppliers are moving manufacturing out of China to avoid tariffs Home Depot said tariffs against China will impact about $2 billion, or 2%, of U.S. sales, but costs are mitigated because suppliers are moving out of China....
22:17, 2019-08-20

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....
22:17, 2019-08-20

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....
09:17, 2019-08-20

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....
09:17, 2019-08-20

Amazon is passing along costs of a new digital tax to thousands of French sellers Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government....
12:17, 2019-08-19

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....
19:34, 2019-08-17

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 ...
15:34, 2019-08-16

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 ...
12:34, 2019-08-16

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 centers....
23:00, 2019-08-14

Global firms are sounding the alarm as Hong Kong protests deal "serious blow" to the city's outlook Two months of protests in Hong Kong are starting to take a toll on some of the largest global companies, adding to a host of geopolitical concerns as the U.S.-China trade war drags on....
23:00, 2019-08-14

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, hav...
00:34, 2019-08-14

Taco Bell-parent Yum Brands' CEO Greg Creed to retire, to be replaced by David Gibbs Taco Bell's parent company Yum Brands on Monday said David Gibbs has been tapped as CEO, effective Jan. 1, 2020. Gibbs will be succeeding Greg Creed, who has been with Yum for 25 years....
08:34, 2019-08-13

Versace, Givenchy and Coach say sorry over Chinese T-shirt anger American fashion brand Coach, French label Givenchy and Italian luxury brand Versace have been boycotted by some Chinese social media stars for suggesting that places like Hong Kong and Macau are sepa...
14:34, 2019-08-12

5 things to know before the stock market opens Monday Dow set to drop, 10-year yield back under 1.7%, Goldman lowers growth forecast, Hong Kong protests escalate, BlackRock buys major stake in Sports Illustrated's owner....
14:34, 2019-08-12

Foot Locker is opening massive 'Power' stores across the US, with Nike's help Foot Locker's massive new Power store in NYC marks the first time Nike has put its own technology into another retailer's bricks-and-mortar shop....
16:00, 2019-08-09

Department stores could have a 'sobering' Christmas, Credit Suisse warns Credit Suisse analyst Michael Binetti said in a note to clients he expects a "wave of lowered guidance" as Macy's, J.C. Penney, Nordstrom and Kohl's start to report fiscal second-quarter ear...
16:00, 2019-08-09

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 credi...
04:00, 2019-08-09

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....
04:00, 2019-08-09

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 t...
04:00, 2019-08-09

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....
04:00, 2019-08-09

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....
18:34, 2019-08-07

Barneys has until Oct. 24 to find a buyer and avoid liquidation "We have new financing that literally developed in the last 30 minutes," testified Kirkland & Ellis' Josh Sussberg, "for a company that only days ago stared down the barrel of a gun."...
18:34, 2019-08-07

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 credi...
17:00, 2019-08-06

Five apps you've never heard of that teens are using to shop E-commerce giants like Amazon and eBay top the chart of most-used retail apps, but a few you might not have heard of are quickly rising in the ranks....
17:00, 2019-08-06

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 alo...
17:00, 2019-08-06

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 t...
06:17, 2019-08-06

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....
14:17, 2019-08-05

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 ...
20:00, 2019-08-03

Fears become a reality for retail with a fourth round of tariffs Many consumer products, like clothing, shoes and electronics have been spared from the last three rounds of tariffs. But the remaining $300 billion of China-made goods will capture it all....
20:17, 2019-08-02

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 to Instagram...
10:00, 2019-08-02

Wayfair shares whipsaw as costs build up and loss widens Wayfair shares dropped Thursday after the online furniture retailer reported a larger loss for its fiscal second quarter, as costs for things like advertising and customer service skyrocketed....
16:34, 2019-08-01

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....
00:17, 2019-08-01

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 N...
00:17, 2019-08-01

Starbucks ramps up US delivery with UberEats as Chinese delivery booms As Starbucks ramps up its U.S. delivery program, the global coffee chain is looking to China — its second-largest market — as an example of how delivery could eventually contribute to its sales....
00:17, 2019-08-01

Diet bars with plus-size orders, 'fake news' shorts: Here's why Forever 21 is forever controversial The fast-fashion retailer is prone to controversy because of a lack of sufficient product review and because of the risks it's willing to take, according to industry experts....
00:17, 2019-08-01

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 tr...
00:17, 2019-08-01

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....
00:17, 2019-08-01

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....
00:17, 2019-08-01

Procter & Gamble writes down Gillette business but remains confident in its future Despite Procter & Gamble's write-down of its Gillette shaving business, executives said they remain confident about the future of the grooming category....
00:17, 2019-08-01

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....
00:17, 2019-08-01

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....
00:51, 2019-07-24

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....
00:51, 2019-07-24

Nike 'Waffle Shoe' sells for $475,500, becoming the most expensive sneakers ever auctioned The sneakers were purchased by Canadian entrepreneur Miles Nadal, and were part of a collection of 100 of the rarest sneakers ever made that was being sold by Sotheby's and sneaker marketplace St...
00:51, 2019-07-24

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....
00:51, 2019-07-24

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 operating officer role. The stock was down 1% after ...
21:17, 2019-07-23

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 drinks....
21:17, 2019-07-23

Beyond Meat's stock surges to new all-time high Shares of Beyond Meat hit a fresh all-time high at the market's open on Tuesday, as the company continues its hot streak on investor optimistic ahead of its earnings....
17:17, 2019-07-23

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....
01:34, 2019-07-23

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, who's been building the business beyond the cl...
22:00, 2019-07-22

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....
22:00, 2019-07-22

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 througho...
22:51, 2019-07-19

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 restructuring options, potentially buying it more...
22:51, 2019-07-19

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....
01:34, 2019-07-19

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...
01:34, 2019-07-19

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 market....
18:00, 2019-07-17

Why these shoppers regret their Amazon Prime Day purchases Amazon Prime Day is over, which means your buyer's remorse might be sinking in. But you're not alone. Here are some tips for what to do next, including course-correcting your finances....
18:00, 2019-07-17

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 period than it ever has before....
18:00, 2019-07-17

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....
00:51, 2019-07-17

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....
19:34, 2019-07-15

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....
18:51, 2019-07-14

One-day shipping is now the norm for most Prime Day items. Here's what happens when you order. One-day shipping is now the norm for Amazon's 100 million Prime members. To succeed, Amazon spends tens of billions of dollars a year and employs 250,000 workers in its U.S. warehouses. Follow th...
15:51, 2019-07-13

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....
16:51, 2019-07-12

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....
17:51, 2019-07-11

Domino's Pizza faces new threat from delivery apps like UberEats and GrubHub, Morgan Stanley says Domino's built its business around a fleet of drivers who deliver hot pizzas fast. But outside delivery companies now pose a real threat to about 20% to 25% of Domino's locations....
17:51, 2019-07-11

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 co...
16:51, 2019-07-10

McDonald's US franchisees ask for a Southern-style chicken sandwich to compete with Chick-fil-A McDonald's U.S. franchisees want a chicken sandwich to rival Chick-fil-A's as the Southern chain's threat to their business continues to grow....
16:51, 2019-07-10

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....
02:34, 2019-07-10

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....
18:17, 2019-07-08

Sriracha maker loses lawsuit to its former jalapeno grower The maker of Sriracha hot sauce lost its legal battle with its former jalapeno supplier after a California jury awarded the pepper grower $23.3 million Wednesday....
20:34, 2019-07-05

Nike should've done its 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 made was smart, said one marketing executive....
23:51, 2019-07-03

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....
07:17, 2019-07-03

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....
00:51, 2019-07-02

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 preliminary market value of $2.49 billion....
17:34, 2019-06-28

Despite Rite Aid earnings miss, shares surge 24% on Amazon partnership Despite disappointing quarterly earnings results, shares of Rite Aid surged 24% Thursday on news of a deal with Amazon that gave investors hope for a turnaround....
23:34, 2019-06-27

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....
23:34, 2019-06-27

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....
21:00, 2019-06-27

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 the supply chain. The company makes 70% of its good...
21:00, 2019-06-27

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 t...
08:34, 2019-06-22

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....
00:17, 2019-06-21

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 Conferenc...
17:34, 2019-06-19

How a '90s nostalgia trend powered the comeback of two century-old sports brands The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are enjoying another lease of l...
10:17, 2019-06-19

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, Ill...
20:51, 2019-06-18

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 social media mentions, according to Apex Marketing....
17:17, 2019-06-17

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. companies at a competitive disadvantage....
15:00, 2019-06-17

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 from the community....
02:34, 2019-06-14

PetSmart's online business, Chewy.com, prices IPO at $22 a share, above expected range Following the IPO, PetSmart will remain majority owner of Chewy. It will use proceeds from the offering for working capital and general corporate purposes, according to filings....
02:34, 2019-06-14

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...
23:00, 2019-06-13

Retailers and restaurants flex online muscle, showing stores can be a strength against Amazon 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 by their stores....
20:34, 2019-06-13

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-box retailer, Walmart and Amazon....
06:17, 2019-06-13

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 p...
16:34, 2019-06-11

Beyond Meat shares continue hot streak, jumping as much as 34% to all-time high Shares of Beyond Meat continued to move higher Monday morning as the stock continues to exceed expectations following one of the most successful public debuts so far this year....
16:34, 2019-06-10

Executive chairman of Saks-owner Hudson's Bay Company puts in bid to take retailer private The executive chairman of the owner Saks-owner Hudson's Bay Company, Richard Baker, is leading a bid to take the retailer private, the company announced on Monday....
16:17, 2019-06-10

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....
18:34, 2019-06-07

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 retail...
12:00, 2019-06-07

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...
16:34, 2019-06-04

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 2008....
23:01, 2019-05-31

Mexican tariffs would be bad news for denim retailers Mexico is the biggest supplier of men's and boy's jeans to the U.S., representing about 35% of imports, according to the American Apparel & Footwear Association....
17:34, 2019-05-31

Family-run Latin food giant Goya weighs possible $3 billion sale Goya, one of the most iconic names in Latin American cuisine, has hired investment bank Goldman Sachs to weigh options that could include a sale of the 83-year-old company, people familiar with the ma...
20:34, 2019-05-29

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....
20:34, 2019-05-29

Apparel retailers Canada Goose, Abercrombie & Fitch and others are getting whacked A handful of poor earnings reports and the threat of 25% tariffs on clothing imported from China is causing some retailers' stocks to take a beating....
20:34, 2019-05-29

McDonald's CEO: China will remain an important market for us 'as long as I can imagine' McDonald's CEO Steve Easterbrook said that trade tensions between the U.S. and China have "absolutely not" changed its strategy in the Asian country....
16:51, 2019-05-29

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 years....
16:34, 2019-05-29

Dick's Sporting Goods shares soar on earnings beat, retailer hikes outlook Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook....
14:51, 2019-05-29

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....
17:51, 2019-05-28

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 spen...
17:51, 2019-05-26

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....
05:17, 2019-05-24

McDonald's faces new complaints related to handling of sexual harassment cases The Time's Up Legal Defense Fund, the American Civil Liberties Union and fast-food workers coalition Fight for $15 said Tuesday that they have filed 23 new complaints against McDonald's....
17:34, 2019-05-21

Chinese billionaire Jack Ma: 'I worry about Europe' and its obsession with tech regulation Alibaba co-founder Jack Ma says he's worried about Europe because it's tightening regulations that restrict companies' ability to innovate....
16:00, 2019-05-21

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 ...
16:00, 2019-05-21

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....
16:00, 2019-05-21

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 d...
16:00, 2019-05-21

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, ac...
16:00, 2019-05-21

Kohl's lands deal with Fanatics to sell its licensed sports gear online Kohl's has signed a deal with Fanatics to sell a wide selection of items from the licensed sports retailer, including NFL jerseys and NBA T-shirts, on Kohls.com....
16:00, 2019-05-21

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....
16:00, 2019-05-21

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....
16:00, 2019-05-21