Sale signs are on display in the windows of a Gap retail location. Scott Mlyn | CNBC Gap Inc. shares climbed in after-hours trading Thursday after the apparel retailer offered an upbeat forecast for i...
Tag: Retail industry
Sweetgreen (SG) Q4 2021 earnings
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses but strong sales growth for its fourth quarter in its first report since its initial pu...
Have a case of buyer’s remorse? Why high inflation may be to blame
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Inflation is pushing up prices everywhere, from grocery store shelves to gas pumps...
Best Buy(BBY) Q4 2022 earnings
Best Buy on Thursday fell short of Wall Street’s fourth-quarter sales expectations, as it ran low on some popular holiday items and reduced store hours because of omicron-related staffing shorta...
How Block (Square) avoided death by Amazon
Block co-founder Jim McKelvey. CNBC | NBC Universal | Getty Images BARCELONA — In 2014, Amazon launched a product that sounded strikingly similar to something already on offer from Twitter co-founder ...
Walmart rolls out virtual fitting room to help shoppers find clothes
Walmart debuted Choose My Model, a feature that allows shoppers to see how clothing would look on a person with a similar height, shape and skin tone. The technology is powered by Zeekit, a start-up t...
Victoria’s Secret (VSCO) reports Q4 2021 earnings; issues weak outlook; cites Ukraine
Shoppers are seen inside a shopping mall in Bethesda, Maryland on February 17, 2022. Mandel Ngan | AFP | Getty Images Victoria’s Secret seesawed in after-hour hours trading Wednesday after the l...
Ralph Lauren executive Howard Smith to resign after he violated ethics code
Ralph Lauren Europe President Howard Smith attends Vogue Foundation Dinner Photocall as part of Paris Fashion Week – Haute Couture Fall/Winter 2018-2019 at Musee Galliera on July 3, 2018 in Pari...
Nordstrom shares soar as it makes progress but still has ways to go
Nordstrom signage outside one of the company’s full-line department stores. Tim Boyle | Getty Images News | Getty Images Nordstrom shares are soaring after the department store chain offered up ...
Chinese smartphone makers Oppo, Realme fill void left by Huawei
The Oppo Find X5 series on display at Mobile World Congress in Barcelona, Spain. Ryan Browne | CNBC BARCELONA — Huawei’s pain has been fellow Chinese smartphone makers’ gain at the biggest...
How Target plans to keep growing sales
A worker delivers an order to a drive up customer at a Target store on August 19, 2020 in Miami, Florida. Joe Raedle | Getty Images Inflation is soaring. The war in Ukraine is roiling equities and ene...
Nordstrom (JWN) reports Q4 2021 earnings beat
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday reported better-than-expected profits and sales for the holid...
Sears spinoff Seritage explores alternatives, Eddie Lampert quits board
Eddie Lampert, former CEO of Sears. Source: Sears Holdings Seritage Growth Properties, a real estate investment trust that was spun out of embattled department store chain Sears in 2015, said Tuesday ...
Domino’s Pizza (DPZ) Q4 2021 earnings miss, CEO Ritch Allison to retire
An employee carries an order for a customer at a Domino’s Pizza restaurant in Detroit. Sean Proctor | Bloomberg | Getty Images Domino’s Pizza on Tuesday announced a C-suite shake-up and qu...
Kohl’s (KSS) reports Q4 2021 earnings
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 on Tuesday reported fiscal fourth-...
Target (TGT) Q4 2021 earnings
Target on Tuesday said sales rose 9% in the fiscal fourth quarter, as it weathered supply chain challenges over the holidays and built on e-commerce and customer gains during the pandemic. The discoun...
Victoria’s Secret is leaning into comfort and women are taking notice
Source: Victoria’s Secret At first glance, shoppers may be hard pressed to believe that Victoria’s Secret’s new lingerie lineup is actually from Victoria’s Secret. In mid-Febru...
NBA legend Shaquille O’Neal warns Lakers not to trade Lebron James
Four-time NBA champion Shaquille O’Neal issued a stark warning to the Los Angeles Lakers Monday, saying despite an abysmal season, it would be a huge mistake to trade the team’s biggest su...
Starbucks restaurant in Mesa, Arizona votes to unionize
Michelle Eisen, a barista at the Buffalo, NY, Elmwood Starbucks location, the first Starbuck location to unionize, helps out the local Starbucks Workers United, employees of a local Starbucks, as they...
Foot Locker (FL) reports Q4 2021 earnings
A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Foot Locker shares tumbled in premarket trading Friday after the retailer sai...
Authentic Brands Group takes majority stake in David Beckham’s brand
Retail and entertainment conglomerate Authentic Brands Group announced Thursday it has entered into a partnership to co-own and oversee David Beckham’s global brand. Authentic Brands declined to...
Gen Zers are fueling overall membership growth
A user on a treadmill at a Planet Fitness gym. Source: Getty Images Planet Fitness is seeing more teens sign up for their first gym memberships during the coronavirus pandemic, helping to fuel the com...
Beyond Meat (BYND) Q4 2021 earnings miss estimates, stock tumbles
Packages of Beyond Meat Inc.’s plant based meat products, Beyond Burger and Beyond Sausage, are displayed at a supermarket on November 19, 2020 in Katwijk, Netherlands Yuriko Nakao | Getty Image...
Walmart kicks off exclusive sales event for Walmart+ members
The Walmart+ home screen on a laptop computer in Brooklyn, New York on Wednesday, Nov. 18, 2020. Gabby Jones | Bloomberg | Getty Images Walmart is giving customers a new reason to sign up and stick wi...
Kraft Heinz wants to make plant-based hot dogs through new venture
Hot dogs could be the next grocery store item to get a plant-based makeover. Kraft Heinz announced Tuesday it is forming a joint venture with TheNotCompany, a Chilean start-up valued at $1.5 billion t...
Allbirds (BIRD) reports Q4 2021 results meet estimates
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds on Wednesday reported fourth-quarter sa...
Target to test Starbucks order pickup, returns from the parking lot
A worker delivers an order to a drive up customer at a Target store on August 19, 2020 in Miami, Florida. Joe Raedle | Getty Images Shoppers at some Target stores will be able to pick up a Starbucks c...
Molson Coors (TAP) Q4 earnings miss estimates, sales beat expectations
Bottles of Coors beer are displayed on a shelf at a liquor store in Fairfax, California. Justin Sullivan | Getty Images Molson Coors Beverage’s Miller Lite and Coors Light saw sales growth in 20...
Lowe’s (LOW) Q4 2021 earnings beat
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 said Wednesd...