Rendering of Panther National Clubhouse Courtesy: Panther National A golf legend and a one of the PGA’s hottest young stars are teaming up to create a luxury golf community in Palm Beach County,...
Tag: Retail industry
Home Depot wants to win home professionals’ bigger orders
A customer wearing a protective mask loads lumber at a Home Depot store in Pleasanton, California, on Monday, Feb. 22, 2021. David Paul Morris | Bloomberg | Getty Images Home Depot’s next CEO Te...
Fatburger parent’s stock craters after company discloses investigation into CEO
Pakistani customers eat at a Fatburger outlet in Karachi, Pakistan. Rizwan Tabassum | AFP | Getty Images Shares of Fat Brands cratered more than 20% on Tuesday morning after the Fatburger and Johnny R...
Peloton hit by major outage, company says it’s investigating the issue
A Peloton store in Walnut Creek, California, U.S., on Monday, Feb. 7, 2022. David Paul Morris | Bloomberg | Getty Images Peloton on Tuesday suffered a major outage that meant at least some users were ...
Here’s why Macy’s isn’t splitting its online business from its stores
Macy’s isn’t breaking up after all. On Tuesday, the department store chain affirmed that it will forge ahead as one retailer, despite pressure from activist Jana Partners to split into two...
Macy’s (M) reports Q4 2021 earnings beat
People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Macy’s on Tuesday reported fiscal fourth-quarter earnings and sale...
Krispy Kreme reports first quarterly profit since going public
Krispy Kreme on Tuesday reported its first quarterly profit since going public again but fell short of Wall Street’s expectations for its earnings. Shares of the doughnut company rose nearly 2% ...
Home Depot (HD) earnings Q4 2021
A shopper leaves a Home Depot with merchandise that she purchased on August 17, 2021 in Alexandria, Virginia. Alex Wong | Getty Images Home Depot on Tuesday said sales grew 11% in the fiscal fourth-qu...
Walmart debuts fashion designer Brandon Maxwell’s first spring collection
Walmart is debuting the spring collection of Free Assembly, created by fashion designer Brandon Maxwell. Walmart As shoppers get ready for spring, Walmart is debuting new fashion-forward apparel to tr...
Beam Suntory sales rise 11% in 2021, fueled by shift to high-end spirits
In the last three years, Knob Creek bourbon has restored the nine-year age statement on its bottles, updated its label design and started selling 12-year and 15-year versions of its whiskey. Prices us...
Warby Parker plans to take on glasses giant EssilorLuxottica
A worker dusts a display of Ray-Ban sunglasses, manufactured by EssilorLuxottica, in a store in Barcelona, Spain, on June 30, 2021. Bloomberg | Getty Images Eyewear company Warby Parker is at an infle...
Carl Icahn launches proxy fight with McDonald’s over treatment of pigs
Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Billionaire investor Carl Icahn has started a proxy fight with McDonald’s over the fast food giant&#...
Rodent infestation leads to recalls at more than 400 Family Dollar stores
A woman walks by a Family Dollar store on December 11, 2018 in the Brooklyn borough of New York City. Spencer Platt | Getty Images Discount chain Family Dollar is voluntarily recalling several of its ...
Liquidation services resell returned items, a $644 billion business
Inside Liquidity Services’ 130,000-square-foot warehouse in Garland, Texas, the aisles aren’t lined with typical merchandise. Instead, they’re stacked with returns from Amazon, Targe...
Victoria’s Secret hires Sofia Jirau, its first model with Down syndrome
Sofia Jirau, a 24-year-old Puerto Rican woman with Down Syndrome, stars in Victoria’s Secret’s latest campaign for its lingerie. Source: Victoria’s Secret Victoria’s Secret sai...
No strategy to increase prices despite dim fourth quarter
French luxury goods brand Hermes said Friday it has “no strategy” to significantly increase prices of its prized products despite disappointing fourth quarter results which saw supply fail...
My kids won’t wear Covid masks in school when mandate lifts later this month
Dr. Scott Gottlieb told CNBC on Friday his children “won’t be wearing a mask” when their local school district’s Covid face-covering mandate lifts later this month. “If i...
Walmart says shoppers are on alert as grocery bills climb
A shopper wearing a protective mask shops in a Walmart store on May 18, 2021 in Hallandale Beach, Florida. Joe Raedle | Getty Images Walmart Chief Financial Officer Brett Biggs said shoppers aren̵...
Walmart (WMT) earnings Q4 2022
A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York, on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart topped quarte...
Amazon and Visa reach global truce over credit card fees
Visa payment cards laid out on a computer keyboard. Matt Cardy | Getty Images Amazon has reached a global agreement with Visa to settle a dispute over the credit card giant’s fees. The deal mean...
Fed up with rise in thefts and shoplifting, small biz owners take action
They are brazen, aggressive and seemingly acting without a care in the world. Shoplifters are hurting big retailers and chain stores, even reportedly forcing some locations in New York City and San Fr...
Walmart’s earnings may signal if shoppers getting spooked by inflation
When Walmart reports quarterly earnings Thursday, investors will scour sales numbers and executives’ comments for clues about whether rising prices are making shoppers skittish. The retail giant...
Retail sales January 2022:
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department reported Wednesday. Retail sales for the month rose ...
Tim Hortons focuses its next phase of U.S. expansion on snowbirds and retirees
A pedestrian walks past a Tim Hortons restaurant. Ben Nelms | Bloomberg | Getty Images Tim Hortons is slated to open its first location in Houston this summer, signaling the Canadian coffee chain̵...
Walmart’s InHome hunts for ways to ditch single-use plastics
Walmart is trying to reduce its reliance on single-use plastic bags. It has a pilot program through its subscription grocery service, InHome. Nicholas Pizzolato When Walmart rolled out a new grocery d...
Taco Bell accelerates international growth, aims for $20 billion in annual sales
People eat at a newly-opened Taco Bell restaurant in Beijing on August 21, 2020. Greg Baker | AFP | Getty Images Taco Bell is accelerating its growth outside the U.S., opening 25% of its international...
Restaurant Brands International (QSR) Q4 2021 earnings
A Burger King restaurant seen in Milton, Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Restaurant Brands International on Tuesday reported quarterly earnings and revenue that to...
Valentine’s Day inflation will set you back this Feb. 14
Florist Betty Sejas arranges red roses at Company Flowers in Arlington, Virginia, on Feb. 8, 2022. Saul Loeb | AFP | Getty Images Not even Cupid is immune from inflation’s sting this Valentine&#...
The fall of Peloton’s John Foley and the market’s big founder problem
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
4-day workweek was cure for employee burnout at online store Primary
Primary co-founders and co-CEOs Cristina Carbonell and Galyn Bernard shifted the online children’s clothing retailer to a four-day workweek during the pandemic and have no plans to go back to th...