Inside an Ulta store location in New York. Scott Mlyn | CNBC Ulta Beauty is banking on new brand partnerships to boost lagging makeup sales. For the full year 2021, cosmetics accounted for 43% of the ...
Tag: Retail industry
CVS CEO Karen Lynch fires executives after internal sexual harassment probe
People walk by a CVS Pharmacy store in the Manhattan borough of New York City. Shannon Stapleton | Reuters CVS Health Chief Executive Officer Karen Lynch has pushed out several executives after the co...
Jones Soda unveils cannabis-infused sodas under new brand
Jones Soda’s cannabis offshoot, Mary Jones Source: Jones Soda Meet Mary Jones, the new brand from Jones Soda that will feature cannabis-infused sodas, gummies and syrups. It’s a bold step ...
Burger King halts corporate support for its 800-plus franchised locations in Russia
A man holds meals from the Burger King restaurant on May, 15, 2020 in Dedovsk, Russia. Mikhail Svetlov | Getty Images Burger King announced Thursday it has halted corporate support for its 800-plus fr...
Peloton tests new pricing model as it tries to win customers
Peloton’s new Chief Executive Barry McCarthy has only been at the helm of the connected fitness company for about a month, but he’s already testing ways to lure new customers and make the ...
Adidas doesn’t know when it will resume Russian operations, CEO says
Adidas CEO Kasper Rorsted told CNBC on Wednesday that it’s too soon to know when the company will restart business operations in Russia. “I think this is premature. The war has been going ...
Judge orders Walmart to rehire worker with Down syndrome
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press |...
Three more Starbucks locations in Buffalo vote in favor of union
The Starbucks Workers United hub in Buffalo on November 16, 2021. Libby March | The Washington Post | Getty Images Three more Starbucks locations in the Buffalo, New York, area have voted in support o...
Impossible Foods sues start-up Motif FoodWorks for patent infringement
A customer picks up a package of Impossible Burger plant based meat during the Impossible Foods Inc. grocery store product launch at Gelson’s Markets in Los Angeles, California, U.S., on Friday,...
McDonald’s Russian shutdown will cost fast-food chain $50 million a month
A McDonald’s restaurant in St. Petersburg, Russia. Peter Kovalev | TASS | Getty Images McDonald’s expects its Russian shutdown will cost the fast-food giant roughly $50 million a month unt...
American consumer still healthy, but lower-income shoppers at risk
Pedestrians carry Macy’s shopping bags in San Francisco, California, on Thursday, Sept. 16, 2021. David Paul Morris | Bloomberg | Getty Images Macy’s says the American consumer is still he...
Stitch Fix stock hits all-time low as future growth in doubt
The Stitch Fix logo on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloombe...
Stitch Fix shares plummet after company cuts guidance for the year
The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earnin...
Starbucks suspends all business in Russia as Putin’s forces attack Ukraine
A person wearing a protective mask enters a Starbucks coffee shop in San Francisco, California, U.S., on Thursday, Jan. 21, 2021. David Paul Morris | Bloomberg | Getty Images Starbucks is suspending a...
McDonald’s temporarily closes Russia restaurants amid Ukraine war
Pedestrians sit at outdoor tables beneath McDonald’s branded parasols at a closed McDonald’s Corp. restaurant, the first to open in the Soviet Union, on Pushkin Square in Moscow, Russia. A...
Lululemon footwear marks new product to take on Nike, Adidas
Lululemon CEO Calvin McDonald said that launching into shoes was the next natural step for the leggings maker. Source: Lululemon Lululemon is venturing into footwear, marking a new product category fo...
Dick’s Sporting Goods (DKS) reports Q4 2021 earnings beat
Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods on Tuesday reported prof...
Sustainability alone is not enough for consumers to change habits, Garnier exec says
Lechatnoir | E+ | Getty Images Sustainability alone will not be enough for consumers to change their shopping habits and products must “deliver for the consumer, first and foremost,” accor...
Oil stocks, Bed Bath & Beyond, Visa and more
Take a look at some of the biggest movers in the premarket: Chevron, Exxon, Phillips 66 — Oil stocks rose broadly in premarket trading after energy prices surged overnight, with U.S. benchmark West Te...
Michael Kors-parent Capri Holdings ditches CEO succession plan; shares fall
Joshua Schulman is seen at Michael Kors intimate Cocktail Party in Celebration of his 40th Anniversary on September 23, 2021 in Milan, Italy. Victor Boyko | Getty Images Capri Holdings has ditched its...
Levi Strauss suspends sales in Russia
Levi’s 501 blue jeans on display. Sean Gallup | Getty Images Levi Strauss announced Monday it will suspend sales in Russia in response to the country’s invasion of Ukraine. The apparel com...
Kohl’s (KSS) issues long-term financial targets at investor day 2022
The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s, facing activist pressure to consi...
Bed Bath & Beyond shares surge after GameStop chairman reveals big stake
Customers carry bags from Bed Bath & Beyond store on April 10, 2013 in Los Angeles, California. Kevork Djansezian | Getty Images News | Getty Images Bed Bath & Beyond surged 65% in premarket t...
Kroger, Impossible Foods partner to create meat substitutes; Beyond Meat shares fall
Impossible Pork Char Siu Buns are sampled during an Impossible Foods press event for CES 2020 at the Mandalay Bay Convention Center on January 6, 2020 in Las Vegas, Nevada. David Becker | Getty Images...
The pros and cons of installment payments
You can use buy now, pay later for just about everything these days. Since the start of the pandemic, installment payments have exploded in popularity along with a general surge in online shopping. In...
Here’s where the jobs aren’t bouncing back: Main Street
A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a...
Retailers warn of business impact from Russia’s invasion
Employees put wooden shields on the window of Louis Vuitton shop in Kyiv on February 24, 2022 as Russia’s ground forces invaded Ukraine from several directions today, encircling the country with...
Stocks making the biggest moves after hours: Gap, Broadcom and more
Here are the stocks making notable moves in extended trading. Broadcom — The chip stock rose more than 3% in extended trading on Thursday after Broadcom beat estimates on the top and bottom lines for ...
McDonald’s declines to comment on war, has exposure in Russia
A McDonald’s restaurant in Moscow. Andrey Rudakov | Bloomberg | Getty Images U.S. fast-food chains have limited exposure to Russia and Ukraine, but McDonald’s is under the most pressure, a...