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The Worldwide Leader in News: Retail

2019-07-18 11:43

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 18:45

These are the best places to launch a small business in America CNBC's 2019 America's Top States for Business study reveals the places that foster an entrepreneurial ecosystem have a good regulatory environment, low taxes and access to capital, making them the ideal spot to launch a small business....
2019-07-15 18:45

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 18:45

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 20:45

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....
2019-07-12 18:15

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. Delivery companies now pose a threat to up to to 25% of Domino's locations....
2019-07-11 23:15

America's 10 most expensive states to live in 2019 These states are the most expensive places to live in America, according to CNBC's 2019 Top States for Business study released Wednesday. CNBC scored all 50 states based on an index of average costs for basic items ranging from groceries to hous...
2019-07-10 16:45

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 06:15

Burger King adds $1 tacos to its menu for a limited time Burger King announced today that it is offering $1 tacos nationwide for a limited time. The chain had also previously served tacos on its menu around 2010....
2019-07-09 15:15

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 23:30

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....
2019-07-08 18:30

This Fourth of July, Americans will shell out $1 billion on beer If spending is any guide, this country's patriotic spirit is alive and well, with Americans coughing up nearly $7 billion on food for the grill this July 4....
2019-07-02 15:45

Arizona Governor to yank Nike financial incentives after company pulls American flag sneakers The Republican governor said Nike's decision "is a shameful retreat for the company. American businesses should be proud of our country's history, not abandoning it."...
2019-07-02 15:45

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 04:30

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 19:45

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....
2019-06-28 17:45

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....
2019-06-28 10:45

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....
2019-06-28 10:45

Elon Musk's flamethrower incenses New York lawmakers. State Senate passes bill banning the weapon New York's Senate passed a bill to make possession of a flamethrower for recreational use a crime, calling out Elon Musk and the Boring Company....
2019-06-21 20:45

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....
2019-06-21 20:45

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....
2019-06-21 20:45

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....
2019-06-20 21:30

Vera Bradley acquires a majority stake online jewelry store Pura Vida Bracelets Vera Bradley announced Thursday it agreed to pay $75 million to buy a majority stake in Creative Genius, the owner of Pura Vida, an online seller of handmade bracelets....
2019-06-20 16:45

I tried out a vegetarian diet for 21 days. Here's what I learnt about the growing meatless movement. Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future of food....
2019-06-20 08:30

Target CEO Brian Cornell reiterates forecast, apologizes to customers for 'disappointing' weekend Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours....
2019-06-19 14:45

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 11:15

Amazon responds to Ocasio-Cortez's claim that it pays warehouse workers 'starvation wages' Amazon responded this morning to Democratic Congresswoman Alexandria Ocasio-Cortez's claim that it pays warehouse workers "starvation wages" in a tweet that says it pays workers $15 an hour plus full benefits....
2019-06-17 16:30

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 03:15

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 11:30

Retailers fight back: Bricks-and-mortar brands are figuring out online sales, boosting their stocks A number of retailers, such as Lululemon and Best Buy, and restaurants over the past few weeks have reported explosive growth of e-commerce sales, helped by their stores....
2019-06-13 22:45

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....
2019-06-13 15:30

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....
2019-06-12 02:45

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....
2019-06-12 02:45

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...
2019-06-10 19:30

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....
2019-06-10 17:30

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....
2019-06-10 17:30

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 16:01

Beyond Meat shares surge 27% as analysts predict more robust sales growth ahead Shares of Beyond Meat surged 27% Friday after analysts raised their price targets following the company's first quarterly report since going public....
2019-06-07 16:01

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 22:45

Elliott Management reportedly in lead to acquire bookseller Barnes & Noble The retailer said last year it was exploring a sale after having received "expressions of interest" from "multiple parties," including its Chairman Leonard Riggio, who founded the company in 1965....
2019-06-06 20:15

Stitch Fix spikes 26% after beating earnings and revenue expectations Shares of Stitch Fix soared 26% 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....
2019-06-05 23:45

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 16:30

Apparel giant Forever 21 exploring restructuring as retail continues to take hits The talks come as the apparel industry continues to struggle amid sweeping changes. A number of retailers that cater to teens have filed for bankruptcy over the past few years, including Aeropostale, Rue21 and American Apparel....
2019-06-03 23:45

Juul is exploring plans to open its own US retail shops E-cigarette maker Juul Labs is considering opening U.S. retail shops that would only admit adults, a person familiar with the situation told CNBC on Thursday....
2019-05-30 20:30

How Best Buy came back from the brink of death and took on Amazon Best Buy was a behemoth in electronics retail that nearly died. It engineered a miraculous turnaround, and now a new CEO intends to keep the momentum....
2019-05-30 14:30

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 01:30

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 21:01

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 14:15

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 18:15

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 11:15

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....
2019-05-22 22:45

Avenatti, former lawyer for porn star Stormy Daniels, indicted for alleged extortion attempt on 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 20:45

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 17:45

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 17:15

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 22:45

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 22:45

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 22:45

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 22:45

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 22:45

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 22:45