BEDMINSTER, N.J. — LIV Golf is just three tournaments in, but the Saudi-backed upstart league is already thinking big about its future. In an interview with CNBC, LIV Golf Investments President and CO...
Tag: Retail industry
Trucking CEOs expect high prices, demand in second half of 2022
Trucks at the entrance to the Port of Oakland in Oakland, California, US, on Thursday, July 14, 2022. Truckers servicing some of the US’s busiest ports are staging protests as state-level labor ...
There is deflation in some items as Wingstop notes dropping chicken wing prices
Three months ago, Wingstop put a shocker in its earnings release: It was seeing DEFLATION in bone-in chicken wing costs. The chicken chain reiterated the trend with its latest results Thursday morning...
Beyond Meat stock falls after conclusion of McDonald’s McPlant test
Advertising for the McPlant burger, a plant based vegetarian alternative to more traditional meat burgers by fast food giant McDonalds on 11th July 2022 in London, United Kingdom. Mike Kemp | In Pictu...
Best Buy cuts sales forecast as inflation pressures shoppers
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Scott Olson | Getty Images Best Buy on Wednesday cut its forecast for its fiscal year and second quarter, saying it has seen...
Gun-makers’ assault rifle sales top $1 billion since 2012: House panel
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 Major gun manufacturers have m...
McDonald’s and Chipotle say customers are trading down, visiting less often as inflation hits budgets
McDonald’s and Chipotle Mexican Grill say customers squeezed by inflation are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could be hitting the br...
Chipotle Mexican Grill (CMG) Q2 2022 earnings
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported disappointing sales as price hikes helped boost profits ...
Walmart’s slashed profit outlook sends consumer health warning
Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned that surging prices for food and gas are squeezing consum...
Adidas cuts 2022 outlook on slower China recovery, potential global slowdown
Pedestrians walk by a large Adidas logo inside the German multinational sportswear shop. Miguel Candela | SOPA Images | LightRocket via Getty Images Adidas on Tuesday cut its financial forecast for 20...
McDonald’s (MCD) Q2 2022 earnings beat estimates
A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s on Tuesday said both price hikes and value item...
Coca-Cola (KO) Q2 2022 earnings
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen, Mexico. Artur Widak | NurPhoto | Getty Images Coca-Cola on Tuesday reported quarterly earnings that topped expectations as the be...
Glossier to sell in Sephora, makeup brand’s first retail partner
Glossier makeup bottles John Sciulli | Getty Makeup company Glossier announced Tuesday that customers will be able to find its popular “Boy Brow” and “Cloud Paint” products at ...
Walmart cuts profit guidance as it sees slower growth due to inflation
Walmart on Monday cut its quarterly and full-year profit guidance, saying inflation was changing how its customers spend. The big-box retailer said it now expects same-store sales to rise by about 6% ...
Weber shares tank as grill maker announces CEO departure amid disappointing sales
Weber Grill accessories are offered for sale at a home improvement store on July 23, 2021 in Palatine, Ill. Scott Olson | Getty Images News | Getty Images Weber shares tumbled 20% in morning trading M...
Target chases bigger e-commerce profits with new delivery hubs, fleet of drivers
MINNEAPOLIS — Each day, hundreds of drivers park at a delivery hub in Target’s hometown and load up the trunks of their personal cars with packages to deliver to customers. Soon, the big-box ret...
New way to short Tesla with AXS Investments ETF
Investors have a new way to make bullish and bearish bets on large-cap stocks. AXS Investments launched eight of 18 approved single-stock leveraged ETFs this month. The funds aim to increase exposure ...
Verizon shares fall after company cuts full-year forecast
A Verizon store in San Francisco, California, U.S., on Tuesday, July 20, 2021. Bloomberg | Getty Images Shares of Verizon fell Friday after the company reported second-quarter earnings that fell shy o...
7-Eleven cuts 880 jobs as part of restructuring
Peter Parks | AFP | Getty Images Convenience store chain 7-Eleven has cut roughly 880 corporate jobs in the United States, CNBC has learned, roughly a year after it completed its $21 billion acquisiti...
Drew Brees is now a co-owner of a professional pickleball team
Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Retired NFL superstar Drew Brees is the latest major sports figure to get in on the pickleball craze. Major L...
Domino’s Pizza (DPZ) Q2 2022 earnings
An employee places a cooked pizza into a delivery box inside a Domino’s Pizza Group Plc store. Jason Alden | Bloomberg | Getty Images Domino’s Pizza on Thursday reported mixed quarterly re...
Mattel inks deal with Elon Musk’s SpaceX to produce line of toys
The company’s Cargo Dragon spacecraft rolls out to the launchpad in Florida atop a Falcon 9 rocket. SpaceX Mattel inked a multiyear deal with Elon Musk’s SpaceX to create a line of toys in...
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 Monday’s key moments. 1. What Netflix earnings me...
Macy’s speeds up plans to open smaller stores outside of malls
In 2020, Macy’s opened its first Market by Macy’s location, which was in the Dallas-Fort Worth area. Source: Macy’s Macy’s is accelerating its plans to open smaller stores that...
Shares of Bath & Body Works fall after company lowers sales guidance, citing more cautious consumers
Bath & and Body Works entrance. Jeff Greenberg | Getty Images Shares of Bath & Body Works fell Wednesday after the company lowered its sales and earnings outlook, citing a more challenging mac...
3 reasons why executives are leaving retailers from GameStop to Gap
Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this yea...
4 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 Monday’s key moments. 1. Apple to slow down hirin...
Customer service suffers at short-staffed restaurants as Covid takes toll
A waiter works at a restaurant in Alexandria, Virginia, on June 3, 2022. Olivier Douliery | AFP | Getty Images Jeff Rothenberg has grown accustomed to long wait times at restaurants, even when tables ...
The pandemic snacking and drinking habits that are here to stay
People visit the M&M store in Times Square on July in New York City. Spencer Platt | Getty Images The Covid-19 pandemic significantly changed consumer behavior from where they shopped to what they...
Sales rose more than expected in June as consumers remain resilient despite inflation
A pedestrian carries a shopping bag while walking through Union Square on May 17, 2022 in San Francisco, California. Justin Sullivan | Getty Images Consumer spending held up during June’s inflat...
Starbucks is set to close these 16 U.S. stores over safety concerns
Starbucks will close 16 U.S. stores, mostly on the West Coast, by the end of July because of safety concerns, according to the company. Most of the stores set to close are in the Los Angeles and Seatt...
Chinese fast-fashion company Shein seeks U.S. IPO as soon as 2024: Report
Two people hold two Shein bags after entering SHEIN’s first physical store in Madrid, Spain, June 2, 2022. Cezaro De Luca | Europa Press | Getty Images Chinese fast-fashion giant Shein hopes to ...