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Breaking News - Latest of The Day: Retail

07/15/2019

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 usi...
12:32, 07/15/2019

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 ...
10:32, 07/14/2019

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 prod...
10:16, 07/12/2019

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 ...
10:16, 07/12/2019

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 s...
07:00, 07/12/2019

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 sc...
07:32, 07/10/2019

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 t...
07:32, 07/10/2019

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,...
22:32, 07/09/2019

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 s...
16:48, 07/09/2019

PepsiCo CFO Hugh Johnston: 'We don't see any sign of a consumer slowdown' in the US PepsiCo CFO Hugh Johnston said Tuesday on CNBC's "Squawk on the Street" that the company doesn't see any sign of a consumer slowdown in the ...
08:48, 07/09/2019

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'...
08:16, 07/04/2019

Arizona governor to yank Nike financial breaks after American flag sneakers pulled The Republican governor said Nike's decision is shameful. "American businesses should be proud of our country's history, not abandoning it."...
09:32, 07/02/2019

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...
09:32, 07/02/2019

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 accusati...
20:32, 07/01/2019

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 ...
20:32, 07/01/2019

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....
15:16, 06/27/2019

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 t...
11:48, 06/24/2019

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 Th...
13:48, 06/21/2019

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 b...
17:16, 06/19/2019

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....
17:16, 06/19/2019

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 a...
06:16, 06/19/2019

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. Californi...
09:16, 06/18/2019

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 i...
06:00, 06/18/2019

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. c...
07:49, 06/17/2019

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...
07:49, 06/17/2019

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...
01:32, 06/14/2019

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 ta...
19:32, 06/13/2019

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 h...
16:16, 06/12/2019

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 ...
23:00, 06/11/2019

GrubHub shares jump after Amazon shuts down its restaurant delivery service Shares of online food delivery services GrubHub and Waitr Holdings jumped Tuesday after Amazon said it was shutting down its four-year-old rival servi...
10:32, 06/11/2019

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 gi...
09:00, 06/11/2019

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 ...
15:00, 06/10/2019

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 publi...
08:32, 06/10/2019

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 lever...
06:16, 06/07/2019

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 expect...
15:32, 06/05/2019

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...
01:32, 06/05/2019

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...
08:16, 06/04/2019

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 & ...
09:32, 05/31/2019

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 $400,0...
09:00, 05/31/2019

CEO Bob Iger doesn't think Disney is too reliant on 'Star Wars' Disney's Bob Iger says the company's $2 billion investment in its new "Star Wars" theme parks will be a boon for the parks and the franchise...
18:48, 05/29/2019

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 th...
12:00, 05/29/2019

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 bi...
12:00, 05/29/2019

Apparel retailers are getting whacked A handful of poor earnings reports and the threat of tariffs on clothing imported from China still hanging over them is causing apparel retailers'...
12:00, 05/29/2019

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...
06:16, 05/28/2019

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 performanc...
13:48, 05/26/2019

Amazon shares will reach $3,000 in 2 years without the company really trying, Piper Jaffray says Analyst Michael Olson says he has "a high degree of confidence" that Amazon shares can reach the level without "significant changes to the business."...
09:32, 05/24/2019

JP Morgan cuts ties with OxyContin maker Purdue Pharma Purdue, owned by the wealthy Sackler family, faces thousands of lawsuits claiming that the company marketed addictive painkillers while underplaying t...
19:00, 05/23/2019

Elizabeth Warren and AOC target Treasury Secretary Mnuchin over Sears bankruptcy In a four-page letter sent Thursday morning, Warren and Ocasio-Cortez asked Mnuchin a series of questions about his advisory role in former Sears CEO ...
10:16, 05/23/2019

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-u...
04:32, 05/23/2019

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 ...
09:16, 05/22/2019

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 yea...
05:48, 05/22/2019

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-shirt...
10:16, 05/20/2019

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 ...
10:16, 05/20/2019

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 ...
10:16, 05/20/2019

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 p...
10:48, 05/18/2019

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 billi...
12:48, 05/16/2019

From advertising to A.I., Walmart is doing a lot more than just being a retailer You might only know Walmart as a place to stop to pick up milk or paper towels, maybe a few other things, on your way home from work. But the biggest ...
12:48, 05/16/2019

Despite Walmart's new next-day delivery move, some experts still like Amazon more Walmart' next-day delivery plan has Wall Street wondering if it can give Amazon a run for its money — but some experts say it's a tough comp...
17:16, 05/15/2019

Walmart announces next-day delivery, firing back at Amazon Walmart's rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California this week, before reaching 75% of the country by ...
00:00, 05/14/2019

Wholesale importer: Our family business, like others, pays Trump's tariffs — not China We are importers of Christmas decorations. The vast majority of the items we import are made in China. China is the only country that can produce many...
15:16, 05/13/2019

Retailers, already planning for the 2019 holidays, expected to get whacked by tariffs Meanwhile, President Donald Trump has threatened to slap 25% tariffs on another $325 billion in Chinese goods that still remain untaxed, after Friday&...
11:00, 05/10/2019

Etsy CEO shrugs off 'rocky' start to Q1: 'We feel really good' Etsy CEO Josh Silverman tells Jim Cramer he is optimistic about the rest of the year and explains the e-commerce platform's plan to reduce carbon...
19:48, 05/09/2019

Why every US company has a stake in Bed Bath & Beyond's heated boardroom war Bed Bath & Beyond's board of directors is now majority female, more diverse and younger. But its activist investors are worried they lack the rel...
09:32, 05/09/2019

Amazon Go opens for the first time in New York. And the cashier-free store will accept cash Amazon Go at Brookfield Place in New York will also start accepting cash, Amazon said, after the company faced some backlash over "discrimination" con...
07:48, 05/07/2019

Walmart is opening dozens of veterinary clinics in its stores and launching an online pet pharmacy Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners wh...
22:32, 05/06/2019

Cramer reviews the top activist stories of 2019: eBay, Dollar Tree, Bristol-Myers, Bed Bath & Beyond "Sometimes, they reach an accommodation with management and it works. Other times they get involved in proxy fights ... and the trade falls apart," Ji...
09:16, 05/03/2019

Home Depot CFO Carol Tomé to retire at the end of August She will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. McPhail joined Home Depot in 2005....
17:32, 04/30/2019

The biggest mall owner in the US 'can't guarantee' there won't be more retail wreckage this year Simon Property Group, the biggest mall owner in the U.S., hopes store closures are slowing, but can't "guarantee" there won't be more retail...
09:16, 04/30/2019

Domino's CEO: 'Some random third party' won't deliver our pizza As competition with third-party delivery services heats up, Domino's CEO is rejecting the idea that the pizza chain should outsource its delivery...
14:16, 04/28/2019

Tyson Foods sold its stake in alternative protein company Beyond Meat Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 bil...
14:16, 04/28/2019

Macy's shares rise 2% on report retailer may build office tower on top of flagship New York store Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New ...
14:16, 04/28/2019

Venmo has digital user base putting heat on Square and banks, but no plan to profit from it PayPal's Venmo is seeing huge growth, with 40 million users disclosed for the first time, but CFO John Rainey says the company is in no rush to g...
14:16, 04/28/2019

California governor signs internet sales tax law California's Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state ...
14:16, 04/28/2019