Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour on Friday reported fiscal fourth-quarter profits and sales ahead of analy...
Tag: Retail industry
Kellogg may raise prices again in 2022 amid ‘double digit cost inflation,’ says CEO
Kellogg is planning to raise prices and increase productivity to offset the skyrocketing inflation it’s seeing for input costs, CEO Steve Cahillane told CNBC on Thursday. “As we enter 2022...
Activist Macellum seeks to take control of Kohl’s board, nominates 10 directors
Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Activist group Macellum has amplified the pressure on Kohl’...
Coca-Cola (KO) Q4 2021 earnings
A woman is drinking Coca-Cola near Playacar Beach in Playa del Carmen. Artur Widak | NurPhoto | Getty Images Coca-Cola on Thursday reported quarterly earnings and revenue that topped analysts’ e...
PepsiCo (PEP) Q4 2021 earnings
In this photo illustration PepsiCo products are shown on October 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images PepsiCo on Thursday beat expectations for fiscal fourth-quarter earnings and ...
Peloton CEO’s first all-hands meeting cut short as ex-staff crash it
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton held a virtual all-hands meeting Wednesday that was ...
Growing sales as Covid vaccine demand fades
CVS Health will face a new challenge in the coming year: proving to investors it can drive growth and retain customers, even as demand for Covid vaccines and testing fades. Shares were down more than ...
Small towns fuel Chipotle’s ambitious North American expansion plans
A woman wearing a facemas exits a Chipotle Mexican Grill restaurant with her takeout order on January 14, 2021 in Monterey Park, California. Frederic J. Brown | AFP | Getty Images Small towns like big...
Serena Williams to star in Tonal ad targeting women
Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena W...
Yum Brands (YUM) Q4 2021 earnings miss estimates
Customers wearing Taco Bell foam taco hats exit the company’s restaurant, a unit of Yum! Brands Inc. in Bangkok, Thailand. Brent Lewin | Bloomberg | Getty Images Yum Brands on Wednesday reported...
CVS Health (CVS) Q4 2021 earnings beat expectations
A teen receives her Pfizer Covid-19 booster at a CVS pharmacy in New York City on Jan. 20th, 2022. Adam Jeffery | CNBC CVS Health said Wednesday that demand for at-home Covid tests and booster shots l...
Return-to-office will boost demand for personal care items
Edgewell Personal Care CEO Rod Little told CNBC on Tuesday he expects demand for the company’s care and grooming products to increase in the coming months, as the intensity of the coronavirus pa...
Chipotle Mexican Grill (CMG) Q4 2021 earnings beat
A customer carries a Chipotle bag in front of a restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Tuesday r...
Peloton founder John Foley’s mea culpa, says recent events are ‘humbling’
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton founder John Foley, who is on the way out the door a...
Peloton slashes full-year revenue outlook to $3.7 billion to $3.8 billion from $4.4 billion to $4.8 billion
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the c...
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
Aging homes with higher values could help Home Depot and Lowe’s this spring
A customer wears a protective mask while looking at flowers in the garden center of a Home Depot store in Reston, Virginia. Andrew Harrer| Bloomberg | Getty Images Spring has already arrived at some H...
Peloton shares up on takeover talks, here’s why a deal might not work
Peloton’s stock soared more than 25% Monday, putting it back above its IPO price, as the beaten down connected fitness equipment maker attracts interest from outsiders. Thus far, reports have na...
Tequila could overtake vodka as America’s top liquor as sales boom
An employee pours tequila into the popular Mountain Dew Baja Blast frozen drink at the new Taco Bell Cantina in Brookline, MA. John Tlumacki | Boston Globe | Getty Images Tequila could soon overtake v...
Peloton stock jumps 34% on report Amazon is among potential buyers
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Shares of Peloton jumped more than 34% in extended trading Friday after the ...
‘Mattress Mack’ places record-setting bet on Bengals
Jim McIngvale, better known as “Mattress Mack,” said he drove 100 miles from Houston to cross the border into Louisiana on Thursday to make what’s believed to be the largest mobile s...
Inflation means price jumps for dinner and roses this Valentine’s Day
Adriana Gamez restocks rose bouquets at California Flowers in downtown Los Angeles on Feb. 12, 2021. Dania Maxwell | Los Angeles Times | Getty Images They say love doesn’t cost a thing, but Vale...
American Dream megamall nearly empties its reserves to make a bond payment
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic. Timothy A. C...
Kohl’s says takeover offers undervalue its business, initiates ‘poison pill’
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 said Friday it believes recent tak...
Bodegas look to zoning to defend against instant delivery rivals
A Gopuff location on the Lower East Side of Manhattan across from Stop 1 Deli. Jan. 12, 2022. Hannah Miao | CNBC Grocery delivery start-up Gopuff last fall moved into the ground-floor retail space of ...
Premixed cocktails steal share from beer and hard seltzer, propelling surging growth
Anna Elias | Moment | Getty Images Premixed cocktails were the fastest-growing spirits category in 2021, stealing share from beer and hard seltzer. Sales of premixed cocktails surged 42.3% to $1.6 bil...
Ulta Beauty CEO says it’s not enough to put Black-owned brands on shelves
Ulta Beauty CEO Dave Kimbell said it is not enough for stores to put Black-owned brands on shelves. Instead, he said, the retailer wants to make sure those brands gain a fan following and ultimately, ...
Starbucks CEO Kevin Johnson on why Chinese sales were weak
Reduced international travel and low traffic to office buildings weighed on Starbucks’ same-store sales in China, CEO Kevin Johnson said Wednesday. “Our stores that are in airports in the ...
Inflation impacts Valentine’s Day but overspending isn’t sexy
Even cupid is coming out of quarantine. Valentine’s Day spending is expected to reach $23.9 billion in 2022, the second-highest year on record, according to the National Retail Federation. On av...