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Tag: Retail industry
Mattress Mack World Series bets could net him $75 million
Mattress Mack is at it again. Jim McIngvale, the Texas furniture salesman who famously hedges sports bets with furniture promotions, said he has placed a total of $10 million of bets on his beloved Ho...
Buffalo Bills unveil first design images of their new $1.4 billion stadium
Proposed stadium for the Buffalo Bills Source: The Buffalo Bills The Buffalo Bills have released the first images of their eagerly awaited new stadium, which is set to be completed in 2026. Created in...
McDonald’s (MCD) earnings Q3 2022
McDonald’s on Thursday said traffic to its U.S. restaurants is growing, helping the fast-food giant top analysts’ expectations for its quarterly earnings and revenue. The company is buckin...
Ye escorted out of Skechers LA office after he showed up unannounced
Ye, formerly known as Kanye West, was escorted out of the Los Angeles office of shoemaker Skechers, the company said Wednesday afternoon, as the fallen rapper and fashion mogul continues to face fallo...
Michael Rubin’s Fanatics hires its first chief people officer
Orlando Ashford has been appointed chief people officer of Michael Rubin’s sports business platform Fanatics. Source: Fanatics Orlando Ashford, known for holding senior level HR roles at Fortune...
Bed Bath & Beyond appoints interim CEO Sue Gove to the position permanently
Sue Gove Bed Bath & Beyond Bed Bath & Beyond said Wednesday it has appointed interim CEO Sue Gove to the position permanently. The company’s shares were flat in early trading Wednesday a...
LeBron James, Kevin Durant invest in Fanatics’ brand Mitchell & Ness
Fanatics bought Mitchell & Ness in February of 2022. Source: Fanatics Some of the biggest names in sports and entertainment are investing in Fanatics’ lifestyle clothing brand, Mitchell &...
Chipotle Mexican Grill (CMG) Q3 2022 earnings
Chipotle Mexican Grill on Tuesday reported quarterly earnings that topped analysts’ expectations on the strength of its latest round of menu price hikes. CEO Brian Niccol said the company saw &#...
Adidas terminates Ye partnership, Gap removes Yeezy items over antisemitic remarks
Adidas on Tuesday ended its partnership with Ye, formerly known as Kanye West, after the musician made a series of offensive and antisemitic comments. Hours later, Gap and then Foot Locker said they w...
Coca-Cola (KO) Q3 2022 earnings
Coca-Cola on Tuesday raised its full-year outlook, predicting that its two-pronged strategy of hiking prices and offering more affordable options will keep driving sales growth. Inflation is expected ...
Beyond Meat’s steak substitute coming to grocery stores
Beyond Meat is launching a steak substitute in grocery stores on Monday. The new product will roll out nationwide at more than 5,000 Kroger and Walmart stores, as well as Albertsons, Ahold Delhaize, J...
CAA drops Ye, MRC ditches documentary over antisemitic remarks
Kanye West attends the Givenchy Womenswear Spring/Summer 2023 show as part of Paris Fashion Week on October 02, 2022 in Paris, France. Stephane Cardinale – Corbis | Corbis Entertainment | Getty ...
Walmart adds new Joyspun intimates and sleepwear brand in relaunch
Walmart has rolled out Joyspun, a new intimates and sleepwear line. It will replace one of its most popular apparel brands, Secret Treasures. Walmart Walmart is overhauling one of its most popular app...
Amazon hires Hawaiian Air to fly rented Airbus cargo jets to replace older freighters
Air cargo containers with the logo of Amazon are seen at Miami International Airport, in Miami, Florida, United States on June 16, 2021. Marco Bello | Anadolu Agency | Getty Images Amazon has hired Ha...
Warby Parker, once online-only eyewear, sees hundreds of more stores
Warby Parker co-founders Neil Blumenthal (L) and Dave Gilboa. Source: Warby Parker In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. At i...
Sever ties with Ye’s Yeezy
Kanye West arrives at the Vanity Fair Oscar Party on Feb. 9, 2020, in Beverly Hills, Calif. Evan Agostini | Invision | AP The Anti-Defamation League is urging Adidas to sever ties with Ye, calling out...
Inflation-weary shoppers to see more holiday sales, discounts in 2022
People walk stores offering sales at a shopping mall in Santa Anita, California on December 20, 2021. Frederic J. Brown | AFP | Getty Images Grocery and energy prices have spiked, and credit card inte...
Kevin Durant is latest athlete to buy into Major League Pickleball
Kevin Durant #7 of the Brooklyn Nets dribbles during the first half against the Cleveland Cavaliers at Barclays Center on May 16, 2021 in the Brooklyn borough of New York City. Sarah Stier | Getty Ima...
Takeaways from our daily meeting: Recession-proof stocks, Club names
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Hold onto recession-proo...
Procter & Gamble (PG) Q1 2023 earnings
Containers of Tide detergent on grocery store shelves. Richard Levine | Corbis | Getty Images Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ esti...
Fanatics hires finance chief for sports-betting division before launch
Andrea Ellis has been appointed CFO of Fanatics Betting & Gaming. Source: Fanatics Fanatics is getting one step closer to launching its highly anticipated sports-gambling division, nearly five yea...
NFL Black Friday game coming to Amazon in 2023
Kansas City Chiefs tight end Travis Kelce (87) runs the ball in for a touchdown against the Tampa Bay Buccaneers during the first quarter at Raymond James Stadium, Oct. 2, 2022. Kim Klement | USA Toda...
Hasbro (HAS) reports Q3 earnings
A worker arranges boxes of Hasbro board games on a shelf at a Target Corp. location in Emeryville, California. David Paul Morris | Bloomberg | Getty Images Hasbro reported third-quarter earnings Tuesd...
Peloton extends refund period for recalled Tread+ for another year
Liza Lecher works out on her Peloton Tread+ treadmill on May 24, 2021 in Williamstown, New Jersey. Michael Loccisano | Getty Images Peloton agreed to extend a refund period for its recalled Tread+ for...
Banks as leaders, 3 trades, keeping CRM
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. We like the banks here We&...