A warning from Nike (NKE) in its first-quarter earnings report has given us some serious insights into a handful of consumer stocks in the portfolio. We call them “readthroughs”: valuable ...
Tag: Retail industry
Still oversold, picking at chip stocks, Club names in the news
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 Friday’s key moments. Market still oversold When ...
Unions could face obstacle in 2023 if economy falls into recession
Hannah Whitbeck (C) of Ann Arbor, Michigan, speaks as Alydia Claypool (L) of Overland Park, Kansas, and Michael Vestigo (R) of Kansas City, Kansas, all of whom say they were fired by Starbucks, listen...
Nike (NKE) earnings Q1 2023
A woman shops for shoes in the Nike Factory Store at the Outlet Shoppes at El Paso, in El Paso, Texas on November 26, 2021. Paul Ratje | AFP | Getty Images Nike on Thursday said it had a strong first ...
Bed Bath & Beyond’s rare bright spot just reported a big drop in sales
A customer carries a Buy Buy Baby shopping bag in New York, US, on Thursday, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Buybuy Baby has been a rare bright spot for struggling Bed Bath &...
Bed Bath & Beyond (BBBY) Q2 2022 earnings
Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. Its shares bounced around in premarket trading, as inv...
Peloton to sell Bikes, Treads at Dick’s Sporting Goods stores
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton will b...
Chipotle Mexican Grill will test robotic tortilla chip maker
Chipotle is testing out an autonomous kitchen assistant, Chippy, which offers a robotic solution for making chips in restaurants. Courtesy: Chipotle Chipotle Mexican Grill is moving one step closer to...
We’re delighted Amazon’s second Prime Day promises to boost sales ahead of the holidays
The announcement of a second Prime Day from Amazon (AMZN) sent shares of the e-commerce giant higher Monday. As shareholders for the Club, we’re encouraged by the prospect of Prime’s 150 m...
Christie’s launches ‘Department X’ as collectible sneakers, street-wear boom
Nike Unreleased Air Jordan VI Donda West Sneaker CHRISTIE’S IMAGES LTD. 2022 Christie’s is launching a new department to capitalize on the booming market for collectible sneakers, streetwe...
Peloton’s head of marketing latest executive to leave company
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Re...
What Kroger, Walmart, Target learned from China about grocery’s future
Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn’t looking back. Kroger has adopted an o...
Emilio Estefan talks about the challenges of Latino representation in media
Legendary music producer Emilio Estefan weighed in with his take on how to boost Latino representation in showbiz. Latinos, he said, should be true to their identities. “I feel proud that I didn...
Over 60% of Fortune 1000 corporate boards lack Latino representation
Latinos are the second largest demographic population in the United States, but they are vastly underrepresented on corporate boards, according to a new report by the Latino Corporate Directors Associ...
Costco isn’t raising membership fees after earnings beat expectations
Shoppers wait in a check-out line at a Costco wholesale store in Orlando, Florida. Paul Hennessy | Sopa Images | Lightrocket | Getty Images Costco is still holding off on raising its membership fees a...
FedEx (FDX) reports Q1 earnings
A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last we...
Corporate climate commitments improving, with exceptions: Just Capital
Jose A. Bernat Bacete | Moment | Getty Images The vast majority of Americans support both corporate transparency on climate as well as federal requirements for corporations to disclose their climate d...
Bed Bath & Beyond merchandise problems could cripple turnaround plan
A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond is betting on a drastic change in strategy and well-recognized brands to revi...
Activist investor pushes to oust Kohl’s CEO and chairman
Michelle Gass Chris Ratcliffe | Bloomberg | Getty Images Activist investor Ancora Holdings is pushing to remove Kohl’s chief executive and chairman, according to a report from Reuters. Ancora se...
Why Target Canada could not beat Walmart, Costco and Giant Tiger
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and i...
Darden Restaurants (DRI) Q1 2023 earnings
An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023. The p...
Target plans to hire 100,000 seasonal workers and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers fo...
Twitch announces ban on unlicensed gambling livestreams after backlash
Twitch logo displayed on a laptop screen and a gamepad are seen in this illustration photo taken in Krakow, Poland on August 23, 2022. Jakub Porzycki | Nurphoto | Getty Images Twitch said it is planni...
Patagonia must remain competitive for climate donation to work: CEO
A Patagonia store signage is seen on Greene Street on September 14, 2022 in New York City. Yvon Chouinard, founder of Patagonia, his spouse and two adult children announced that they will be giving aw...
GOP attorneys general ask credit card companies to drop gun store code
Fire arms are seen at the Bobâs Little Sport Gun Shop in the town of Glassboro, New Jersey, United States on May 26, 2022. Tayfun Coskun | Anadolu Agency | Getty Images Two dozen Republican attorneys...
Walmart plans to hire 40,000 workers for the holiday season
A Walmart worker organizes products for Christmas season at a Walmart store in Teterboro, New Jersey. Eduardo Munoz | Reuters Walmart announced Wednesday that it will be hiring 40,000 seasonal and ful...
Taco Bell to test long-awaited Beyond Meat carne asada in Ohio next month
Taco Bell quesadilla featuring Beyond Carne Asada Source: Taco Bell Taco Bell will test meatless carne asada made with Beyond Meat at dozens of its restaurants in Dayton, Ohio, starting next month. It...
Gap eliminating about 500 corporate jobs as sales fall
Pedestrians walk past a Gap Inc. store in Shanghai, China. Qilai Shen | Bloomberg | Getty Images Gap Inc. is cutting about 500 corporate jobs as the clothing retailer struggles with declining sales. T...
Peloton adds $3,195 rowing machine to fitness equipment lineup
Peloton Rowing Machine Courtesy: Peloton Peloton is adding rowing machines to its lineup as the company works through a restructuring to expand its customer base and return to a profit. The fitness-ma...