NEW YORK, NEW YORK – SEPTEMBER 15: Libby Wadle, Maryjo Charbonnier, and Tiffany Dufu attend the 10th … [+] Annual Forbes Power Women’s Summit at Jazz at Lincoln Center on September 1...
Tag: Retail industry
Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage fol...
3 takeaways from Friday’s meeting, including how defensive plays are wins in this two-sided market
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. There is a bifurcation in t...
Kanye West Ye Yeezy terminates deal with Gap over alleged contract violations
Kanye West and daughter North West attends the “Yeezy Season 8” show as part of the Paris Fashion Week Womenswear Fall/Winter 2020/2021 on March 02, 2020 in Paris, France. Arnold Jerocki |...
How to save money as food inflation jumps more than 11% in a year
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past...
Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clot...
Retail sales August 2022:
People shop at a 99 Cents retail store in the Bronx borough of New York City, U.S., July 13, 2022. Shannon Stapleton | Reuters Retail sales numbers were better than expected in August as price increas...
Patagonia founder donates entire company to fight climate change
Yvon Chouinard, founder and owner of Patagonia. Courtesy of Jeff Johnson and Patagonia Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their ownership in the appare...
Stay diversified, watch these stocks, why we made a trim
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. Keep portfolios diversif...
GameStop Gods Unchained NFT trading cards to loyalty program perks in digital world push
Pedestrians pass a GameStop store on 14th Street at Union Square, Thursday, Jan. 28, 2021, in the Manhattan borough of New York. John Minchillo | AP GameStop is adding NFT trading cards for the virtua...
Here’s how much you can save
Largely out of necessity, consumers are getting creative about stretching their dollars. After inflation hit back-to-school budgets hard and as families are feeling the weight of holiday expectations,...
Michael Jordan tequila brand Cincoro launches new $350 blend
Cincoro launched in 2019 by NBA owners Michael Jordan of the Charlotte Hornets, Jeanie Buss of the Lakers, Wes Edens of the Bucks and Emilia Fazzalari and Wyc Grousbeck of the Celtics. Source: Cincoro...
Holiday shopping season expected to be muted amid high inflation
Shoppers hold hands at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Retailers are scrambling to prepare for the fast-approaching holiday shopping ...
Peloton co-founders John Foley and Hisao Kushi are leaving the company
Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCar...
Gun law advocates hail credit card code as way to cut down suspicious sales
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 Gun law advocates are praising...
Starbucks to unveil ‘reinvention’ strategy at investor day on Tuesday
CEO of Starbucks Howard Schultz in New York City. Steven Ferdman | Getty Images Starbucks is expected to unveil a reinvention plan Tuesday as the coffee giant grapples with changing consumer behavior,...
Where Walmart, Amazon, Target are spending billions in slowing economy
A Walmart employee loads up a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro-fulfillment center in Salem, Mass. on Jan. 8, 2020. Boston ...
Burger King $400 million plan to revive U.S. sales with remodels, advertising
CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant. Horacio Villalobos | Corbis News | Getty Images Burger King on Friday said it plans to spend $400 million over t...
Smith & Wesson revenue falls on gun maker’s waning demand
An attendee walks through the Smith & Wesson booth at the NRA’s annual meeting. Shares of Smith & Wesson Brands Inc. were down Friday morning after the company said demand for its guns r...
Inflation fears spur shoppers to get early jump on year-end holidays
Inflation is a Scrooge. Although the holiday season is still months away, consumers are already concerned about how they will afford this year’s gifts as prices continue to rise, several studies...
GameStop (GME) Q2 2022 earnings
SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after...
Outgoing Starbucks CEO Howard Schultz says he won’t return for a fourth stint
Outgoing Starbucks CEO Howard Schultz says that he’ll never return to the top job after the coffee giant announced a new succession plan last week. “I’m never coming back again, beca...
Target CEO Brian Cornell to stay on for three more years, as company scraps retirement age
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation. Anjali Sundaram | CNBC Target CEO Brian Cornell has agreed to stay on in his role for about three more years, as the reta...
Lowe’s chief marketing officer Marisa Thalberg leaves company in shakeup
Marisa Thalberg, executive vice president and chief brand and marketing officer. Source: Marisa Thalberg Lowe’s chief marketing officer Marisa Thalberg has left the retailer as part of a broader...
Bed Bath & Beyond picks interim CFO after Gustavo Arnal suicide
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond on Tuesday said it tapped its chief accounting officer, Laura Crossen, as interi...
CVS to buy home health giant Signify Health for about $8 billion
CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisi...
Bed Bath & Beyond shares decline after CFO’s suicide
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Shares of Bed Bath & Beyond were down Tuesday after the struggling retailer’s c...
Bed Bath & Beyond CFO Gustavo Arnal died by suicide
Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Bed Bath & Beyond on Sunday said its chief financial officer, Gustavo Arnal,...