REGIONBUSINESSLIFE.COM: Top News and Analysis

Top News and Analysis: Retail

2019-08-21, 03:56

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 2019....
2019-08-20, 11:26

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....
2019-08-20, 11:26

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....
2019-08-19, 15:52

At age 22, she gave up studying law to sell $63,000 swimsuits and $2,300 bras Claudia Lambeth realized becoming lawyer wasn't what she was passionate about, so at 22 years old she took a giant leap and started a luxury lingerie company called Luna Mae....
2019-08-18, 18:26

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....
2019-08-17, 21:00

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....
2019-08-16, 20:26

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....
2019-08-15, 05:00

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 working," Jim Cramer says....
2019-08-15, 05:00

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....
2019-08-14, 17:13

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....
2019-08-14, 10:52

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....
2019-08-12, 22:26

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 "lucky he's alive still" considering the situation he created, a police official said....
2019-08-10, 01:13

Barneys' bankruptcy called out high New York rents. But retailers are paying far below 2014 levels 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....
2019-08-08, 22:13

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....
2019-08-08, 21:26

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%....
2019-08-08, 21:26

Adidas CEO: China tariffs won't affect shoe prices, but currency war may have 'significant' impact Adidas CEO Kasper Rorsted said the prospect of China weakening its currency could have a "significant impact" on the firm's earnings since 25% of its business is based in China....
2019-08-08, 21:26

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....
2019-08-08, 21:26

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....
2019-08-07, 23:13

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 that cashes in on a growing trend of sneaker crossovers....
2019-08-06, 21:26

Why Best Buy thrives in the US but died in the UK In the U.S., Best Buy is a rare success story in what has otherwise been a brutal past decade for many brick-and-mortar retailers. But in 2010, the company's expansion into the U.K. ended after just two years. Watch this video to find out why....
2019-08-06, 21:26

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....
2019-08-06, 16:39

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....
2019-08-06, 14:00

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...
2019-08-06, 02:00

Victoria's Secret owner L Brands is losing its marketing chief Victoria's Secret owner L Brands is about to lose its chief marketing officer Edward Razek, who's pushed the retailer's sexy image as long as he's been there since the early 1980s....
2019-08-06, 02:00

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....
2019-08-05, 17:00

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....
2019-08-03, 20:13

Starbucks' stock pops after coffee chain crushes estimates, raises forecast Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks....
2019-07-31, 18:39

Juul co-founder defends company at hearing over its alleged role in teen vaping 'epidemic' Juul co-founder James Monsees defended the company in a hearing Thursday, as lawmakers grilled him over Juul's alleged role in the teen vaping "epidemic."...
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

Browsing social media is not always free. Looking at Instagram or Pinterest could cost you big-time It's not just kids who are susceptible to social media peer pressure. Parents, too, can fall victim — and actually have gone into debt as a result....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-31, 18:39

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....
2019-07-25, 01:39

Beyond Meat is developing meatless bacon Beyond Meat is developing a meatless version of bacon, but a representative for the company said it is not sharing any concrete plans for the product at this time....
2019-07-24, 20:00

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....
2019-07-24, 02:39

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....
2019-07-24, 02:39

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 Stadium Goods....
2019-07-24, 02:39

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....
2019-07-24, 02:39

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....
2019-07-23, 21:39

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."...
2019-07-23, 02:00

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....
2019-07-23, 02:00

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....
2019-07-19, 20:52

Walmart announces executive shuffle to further integrate stores and digital Walmart is making further organizational changes as it continues to integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by CEO Doug McMillon to the retailer's employees....
2019-07-19, 20:52

AB InBev stock up on report it may sell assets after scrapping Asia IPO plan Anheuser-Busch InBev is considering selling off business units in South Korea, Australia and Central America, the Wall Street Journal reported. The brewer recently called off an IPO of its Asian business....
2019-07-18, 19:26

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....
2019-07-17, 16:00

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....
2019-07-16, 16:52

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 buy starts the day after its annual shopping event ends....
2019-07-16, 16:52

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....
2019-07-15, 17:39

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....
2019-07-15, 17:39

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....
2019-07-14, 19:26

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....
2019-07-12, 16:52

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....
2019-07-12, 13:39

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, and skin care has become big part of that growth....
2019-07-12, 13:39

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....
2019-07-11, 18:26

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 housing....
2019-07-10, 18:52

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, according to a new survey from Deloitte....
2019-07-10, 10:39

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....
2019-07-10, 00:39

PepsiCo earnings top estimates on strong snack and beverage sales, backs 2019 forecast PepsiCo's second-quarter earnings topped estimates, as healthier snacks and sparkling water helped fuel sales growth and offset a drag from foreign exchange....
2019-07-09, 14:13

Amazon Prime Day could be the 'record-breaking event' to boost consumer stocks next week Amazon's annual sales event will not only break its own records, but send the rest of the consumer discretionary group higher, says CFRA's Todd Rosenbluth....
2019-07-08, 22:26

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....
2019-07-02, 17:52

Nike's 'Betsy Ross' sneakers are selling for more than $2,000 on sneaker resale site StockX The "Betsy Ross flag" sneakers will now be hard to come by after Nike reportedly told the retailers it sent them to as part of a celebratory Fourth-of-July-week launch to remove them from shelves and send them back....
2019-07-02, 16:00

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....
2019-07-02, 05:26

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....
2019-07-01, 19:39

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....
2019-06-27, 21:13

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 goods domestically, which also lessens the effect....
2019-06-27, 21:13

Despite Rite Aid earnings miss, shares surge on Amazon partnership Despite disappointing quarterly earnings results, shares of Rite Aid surged 22% Thursday on news of a deal with Amazon that gave investors hope for a turnaround....
2019-06-27, 21:13

Dressbarn announces first store closures as part of plan to shutter all 650 locations Parent company Ascena Retail Group announced in May it planned to wind down Dressbarn and ultimately shut all 650 or so of the women's clothing stores in order to focus on its more profitable brands, like Ann Taylor and Loft....
2019-06-22, 00:00

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....
2019-06-22, 00:00

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....
2019-06-21, 18:52

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....
2019-06-19, 21:13

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 life....
2019-06-19, 05:13

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....
2019-06-18, 17:26

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....
2019-06-18, 11:52

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....
2019-06-15, 02:00

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...
2019-06-14, 10:13

Juul-sponsored study shows secondhand vaping emissions are much less toxic than cigarette smoke E-cigarette leader Juul said new research in a small study shows emissions from vaping devices are significantly less toxic than secondhand smoke from cigarettes....
2019-06-14, 10:13

Busiest US port hit by 7th straight month of export declines amid trade war America's top two busiest container ports, the Los Angeles and Long Beach, on Tuesday reported declines in export volumes in May amid an ongoing trade war with China....
2019-06-12, 05:00

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....
2019-06-11, 23:52

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....
2019-06-11, 16:26

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....
2019-06-07, 18:26

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 report since going public....
2019-06-07, 15:26

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 leverage....
2019-06-07, 14:13

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 meeting....
2019-06-07, 06:26

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 expectations in the fiscal third quarter of 2019....
2019-06-06, 23:52

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....
2019-06-05, 18:39

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....
2019-06-04, 18:39

CVS to close some unprofitable stores as pharmacy chain looks to expand new HealthHUBs CVS Health signaled it may close more stores, even as it redesigns some of its locations to focus more on health services Tuesday at the company's investor day....
2019-06-04, 18:39

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....
2019-06-04, 17:00

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....
2019-05-31, 22:26

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 $400,000....
2019-05-31, 16:13

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....
2019-05-30, 01:13

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....
2019-05-29, 20:52

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 matter tell CNBC....
2019-05-29, 18:39

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....
2019-05-29, 18:39

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....
2019-05-29, 16:52

McDonald's CEO says he needs to know adding a vegan burger will boost traffic to restaurants McDonald's CEO Steve Easterbrook said that the fast food chain is trying to figure out if adding a vegan burger will drive sales enough to make up for the added complexity it will add to its menu....
2019-05-29, 16:13

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....
2019-05-29, 16:13

Abercrombie & Fitch shares tank 17% on weak same-store sales, retailer closing 3 flagship stores Abercrombie's same-store sales growth of 1% during the first quarter came in short of what analysts were expecting, sending the retailer's stock tumbling....
2019-05-29, 15:13

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....
2019-05-29, 14:00

Beyond Meat's shares jump 2% after inking European production deal Shares of Beyond Meat jumped 2% in premarket trading Tuesday after the company said it inked a deal to produce its plant-based meat substitutes in Europe....
2019-05-28, 15:26

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....
2019-05-28, 14:26

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....
2019-05-26, 18:39

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....
2019-05-24, 05:26

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....
2019-05-23, 13:39

Michael Avenatti indicted on charges of ripping off porn star Stormy Daniels, trying to extort Nike Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company....
2019-05-22, 21:26

Target CEO Brian Cornell says the winners and losers in retail are emerging Target's CEO thinks the retail industry is shaking out to show clear winners and losers. Those companies that are investing in stores and online are winners, he said....
2019-05-22, 20:13

Starbucks' China challenger Luckin Coffee shares fall below IPO price Shares of Luckin Coffee fell Wednesday morning, joining the likes of Uber and Lyft by dropping below its initial public offering price days after its debut....
2019-05-22, 20:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13

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...
2019-05-21, 15:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13

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....
2019-05-21, 15:13