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Latest News of The Day: Retail

00:15 2019-07-24

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....
00:00 2019-07-24

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....
02:36 2019-07-23

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...
23:00 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....
00:36 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...
00:36 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....
14:36 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....
18:24 2019-07-16

Amazon workers' Prime Day strike begins in Minnesota Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the first major strike of Amaz...
21:12 2019-07-15

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....
19:12 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....
02:12 2019-07-15

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...
15:12 2019-07-13

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

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....
18:12 2019-07-12

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....
14:36 2019-07-12

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....
14:36 2019-07-12

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...
15:00 2019-07-10

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....
06:36 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....
19:36 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....
20:36 2019-07-05

Are Beyond Meat's plant-based burgers healthier than red meat? Dietitians say no. Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren't necessarily better than red meat....
16:24 2019-07-04

Nathan's hot dog eating contest offers the frank a rare chance to shine The humble hot dog is a common sight at Fourth of July celebrations, and is an established part of the American diet. But the category has been stagnant over the last several years....
14:24 2019-07-04

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....
18:12 2019-07-02

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 off...
06:36 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....
17:36 2019-06-28

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....
23:12 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...
23:12 2019-06-27

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans eat its snacks....
23:12 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....
23:12 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...
21:24 2019-06-21

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....
21:48 2019-06-20

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....
20:12 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...
05:24 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...
17:48 2019-06-18

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....
06:00 2019-06-15

Chewy CEO says the online pet retailer isn't thinking about selling CBD Pet owners are increasingly using CBD to treat their animals, but Chewy CEO Sumit Singh says the retailer isn't thinking about selling it just yet....
19:36 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...
02:48 2019-06-14

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....
20:48 2019-06-13

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....
16:24 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....
09:36 2019-06-13

Jet.com President Simon Belsham to step down as Walmart eliminates role, further integrates with Jet Walmart also announced that Jet.com team leaders will now report to Kieran Shanahan, who's been overseeing Walmart's food, consumables and health-and-wellness divisions online....
00:48 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...
04:00 2019-06-12

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...
04:00 2019-06-12

Starbucks is testing a reusable cup program at London's Gatwick Airport Starbucks is launching a reusable cup program at London's Gatwick Airport to offer customers free reusable cups they can drop off throughout the terminal before boarding their flights...
21:00 2019-06-10

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....
22:24 2019-06-05

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....
22:24 2019-06-05

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....
17:48 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....
17:48 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....
15:00 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....
16:48 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...
17:48 2019-05-26

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....
12:36 2019-05-23

Latest retail results show department stores need more than touch-ups. They need reinvention A slew of retail earnings the past two weeks makes it clear that while Americans continue to shop, they aren't ringing registers at department stores....
21:48 2019-05-22

Lowe's tumbles as earnings fall short and forecast cut as higher costs weigh on results Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on results....
13:24 2019-05-22

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....
19:48 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...
19:48 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...
19:48 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....
19:48 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....
19:48 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....
19:48 2019-05-21

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....
19:48 2019-05-21