The logo for McDonald’s is seen on a restaurant in Arlington, Virginia, January 27, 2022. Joshua Roberts | Reuters McDonald’s board is gaining three new members and losing one longtime dir...
Tag: Retail industry
Shoppers spend over $300 a month on impulse purchases, despite recession fears
Pandemic shopping changes boosted impulse buys To be sure, the pandemic has changed the way people spend money. “Consumers abandoned ingrained shopping habits, hurtling ecommerce into hyperdriv...
U.S. Open ticket prices surge ahead of Serena Williams’ final tournament
Serena Williams reacts during a post-match ceremony after losing to Belinda Bencic of Switzerland on Day 5 of the National Bank Open, part of the Hologic WTA Tour, at Sobeys Stadium on August 10, 2022...
What this week’s retail earnings tell us about Costco, Amazon and Apple
Target (TGT) missed on earnings. Lowe’s (LOW) provided mixed results. Home Depot (HD) fared better. Walmart (WMT) beat estimates but warned its customers were focusing more on lower prices. Resu...
What are ghost guns? Dealers rush to sell untraceable firearms as crackdown nears
With new federal regulations set to take effect on so-called “ghost guns” next week, businesses that sell the untraceable firearms are racing to offload inventory. The new regulations from...
Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg ...
Investor Ryan Cohen completes planned sale of Bed Bath & Beyond stake, stock falls 30%
Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures du...
Home Depot CEO Ted Decker to replace retiring Craig Menear as chair
Ted Decker, Home Depot Source: PRNewswire Home Depot has named CEO Ted Decker as the chair of the board, the company announced Thursday. He replaces former CEO Craig Menear, who will retire as chair S...
Home Depot and Lowe’s cite strong demand, but softening could be ahead
A customer enters a Home Depot store on August 16, 2022 in San Rafael, California. Justin Sullivan | Getty Images Spending on home improvement doesn’t appear to have taken a big hit with the slo...
Kohl’s (KSS) reports Q2 2022 earnings
People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s on Thursday again slashed its financial forecast for the year, s...
Taco Bell tests its own meat substitute ahead of Beyond Meat launch later this year
Taco Bell’s new Crispy Melt Taco, made with a plant-based meat substitute Source: Taco Bell Taco Bell is testing a plant-based meat substitute made from soy and pea protein at its restaurants in...
People aren’t cutting back on tips even as inflation surges
Chef Alessandro Pirozzi, from Alessa by Chef Pirozzi, talks to customers at an outside table at the Promenade on Forest in Laguna Beach, CA on Wednesday, January 13, 2021. Paul Bersebach | MediaNews G...
Bed Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell stake
Bed Bath & Beyond shares tumbled in premarket trading Thursday after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the retailer through his firm RC Ventures....
Smith & Wesson CEO faces backlash after he blamed politicians for gun violence
Convention goers look at weapons at the Smith and Wesson booth last April at the 2015 NRA Annual Convention in Nashville, Tenn. Karen Bleier | AFP | Getty Images After releasing a statement earlier th...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Wednesday
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: We’re cautiously w...
Best Buy to sell OTC hearing aid devices after FDA regulation
Black Friday shoppers leave a Best Buy store in Washington, DC, on November 26, 20221. Nicholas Kamm | AFP | Getty Images Best Buy said Wednesday that it will offer an expanded collection of hearing p...
Lowe’s (LOW) earnings Q2 2022
A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday...
Bed Bath & Beyond surges again on Wednesday, continuing August meme rally
Pedestrians walk past a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images The wild trading in Bed Bath & Beyond showed no signs of slowing down on Wednesday,...
Retail sales July 2022:
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turn...
Target (TGT) Q2 2022 earnings: Profit falls nearly 90%
A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and...
Consumers are expected to have spent slightly more in July, but Prime Day may have boosted sales
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Consumers are expected to have spent just slightly more in July, but they may...
Walmart (WMT) earnings Q2 2023
A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart on Tuesday said sales grew more than 8%, but profits tighte...
Walmart CEO Doug McMillon says even wealthier families are penny-pinching
Walmart CEO Doug McMillon said even wealthier families are penny-pinching as inflation drives up the price of groceries. In an interview Tuesday on CNBC’s “Squawk on the Street,” the...
Home Depot (HD) Q2 2022 earnings
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot on Tuesday reported higher sec...
Reebok owner Authentic Brands strikes $254 million deal for Ted Baker
A branch of Ted Baker stands on Regent Street in London, England. Jack Taylor | Getty Images News | Getty Images Authentic Brands Group, the retail conglomerate that owns businesses including Reebok, ...
3 takeaways from the Investing Club’s ‘Morning Meeting’ on Tuesday
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 want growth without inf...
Stores, suppliers fight over price hikes as inflation squeezes shoppers
A woman shops in a supermarket as rising inflation affects consumer prices in Los Angeles, California, June 13, 2022. Lucy Nicholson | Reuters Long before shoppers fill up their carts with hot dogs or...
Walmart strikes streaming deal with Paramount
In this photo illustration, a woman’s silhouette holds a smartphone with the Walmart logo displayed on the screen and in the background. Rafael Henrique | Lightrocket | Getty Images Walmart has ...
Dollar General fined nearly $1.3 million for worker safety violations
A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General is being hit with nearly $1.3 million in fines for worker safety violations after visits by fede...
Starbucks asks labor board to suspend mail-in ballot union elections, alleging misconduct in voting process
A sign is seen as Activists participate in an event dubbed the Un-Birthday Party and picket line for Starbucks CEO Howard Schultz on July 19, 2022 in New York City. Activists gathered near SchultzR...