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World News - Latest of The Day: Retail

17:01, 2019-07-21

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....
21:45, 2019-07-19

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....
21:45, 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 by the end of August....
00:45, 2019-07-19

Retailers should thank Amazon: Adobe estimates the size of a Prime Day bump On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital sales compared with an average Monday, according to Adobe Analytics....
16:15, 2019-07-16

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....
22:15, 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....
22:15, 2019-07-15

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 Amazon workers in the U.S. during Prime Day....
22:15, 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....
19:15, 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 the journey a Prime-eligible item takes to your door....
15:30, 2019-07-13

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....
15:30, 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 costs for basic items ranging from groceries to housing....
22:15, 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....
07:45, 2019-07-10

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....
15:00, 2019-07-09

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....
13:30, 2019-07-09

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....
02:30, 2019-07-09

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....
20:30, 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....
17:00, 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....
14:45, 2019-07-04

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....
23:15, 2019-07-03

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....
16:45, 2019-07-02

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....
15:15, 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 offensive, the Wall Street Journal reported....
05:30, 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....
23:15, 2019-06-28

Corona brewer CEO says 'We'd always be ready' if Trump levies tariffs on Mexican beer Constellation Brands CEO Bill Newlands said Friday that the brewer of Corona and Modelo would be ready if President Donald Trump put tariffs on Mexican beer....
23:15, 2019-06-28

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....
02:15, 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....
22:15, 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 goods domestically, which also lessens the effect....
22:15, 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 the newspaper worth more than President Trump....
00:30, 2019-06-22

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....
16:45, 2019-06-20

Walmart to test self-driving delivery from warehouse to warehouse Robot-driven vans will be Walmart's next push to lower shipping costs as their online shopping rapidly expands, according to a Bloomberg report....
23:45, 2019-06-19

Papa John's will spend additional $80 million on franchisee relief and marketing Papa John's said Wednesday that the company will invest an additional $80 million in its domestic franchisees and marketing, as the pizza chain's struggles put pressure on its operators....
23:45, 2019-06-19

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....
20:30, 2019-06-19

Target CEO Brian Cornell reiterates forecast, apologizes to customers for weekend outages 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....
15:45, 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, Illinois and Louisiana....
20:00, 2019-06-18

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....
11:30, 2019-06-18

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....
15:45, 2019-06-17

Why Home Depot failed in China In 2006, Home Depot bought the Chinese home improvement company Home Way and its 12 stores in the country. By 2012, Home Depot had totally exited the market....
20:00, 2019-06-14

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....
09:15, 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 comments...
01:30, 2019-06-14

Jim Cramer reviews which retail stocks are working and which you should stay away from "There's a market for high-end luxury goods and low-end mass market merchandise, but right now there's not much space in between," the "Mad Money" host says....
01:30, 2019-06-14

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....
01:30, 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....
01:30, 2019-06-14

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....
05:45, 2019-06-12

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....
08:30, 2019-06-07

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

VW's Electrify America to build more EV chargers at Walmart stores Volkswagen unit Electrify America will significantly expand its US network of electric vehicle charging stations at Walmart Inc store locations with an emphasis on America's heartland states, the two companies said on Thursday....
18:45, 2019-06-06

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....
23:15, 2019-06-05

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....
09:15, 2019-06-05

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....
20:45, 2019-06-04

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....
20:45, 2019-06-04

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....
00:15, 2019-05-30

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....
21:15, 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....
21:15, 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....
01:15, 2019-05-29

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....
22:00, 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....
13:45, 2019-05-23

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....
00:01, 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....
00:01, 2019-05-23

Shares of Victoria's Secret-owner L Brands spike nearly 11% after beating earnings expectations Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and earnings expectations....
00:01, 2019-05-23

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....
20:15, 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....
22:30, 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 diverse dining options like food trucks....
22:30, 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, according to market researcher NPD Group....
22:30, 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....
22:30, 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....
22:30, 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....
22:30, 2019-05-21