Florida, Orlando Vineland Premium Outlets, Coach leather goods sign outside entrance. Jeff Greenberg | Universal Images Group | Getty Images Tapestry, the company behind Coach and Kate Spade, beat ana...
Tag: Retail industry
Kobe Bryant jersey sells for record $5.8 million at auction
A jersey that belonged to late basketball star Kobe Bryant, expected to fetch between 5-7 million USD, is displayed at Sotheby’s auction house in New York on February 1, 2023. Ed Jones | AFP | G...
Chick-fil-A will test cauliflower sandwich
Chick-fil-A is making its cauliflower sandwich the same way as its original chicken sandwich. Source: Chick-fil-A Chick-fil-A will test its first plant-based entree: a cauliflower sandwich. The new sa...
McDonald’s, Taco Bell owner Yum rule amid high inflation
A girl waiting in line to pick up an order at a McDonald’s restaurant. Oleksii Chumachenko | SOPA Images | Lightrocket | Getty Images Fast-food chains are looking like the big winners in the fou...
PepsiCo (PEP) Q4 2022 earnings
Pepsi sodas are displayed on shelves at a Walmart Supercenter on December 06, 2022 in Austin, Texas. PepsiCo, the maker of Pepsi soda, plans to cut hundreds of corporate jobs at its North American div...
Mattel (MAT) earnings Q4 2022
The Mattel company logo is pictured during the inauguration of the expansion of the Montoi plant, in Escobedo, Mexico March 15, 2022. Daniel Becerril | Reuters Barbie-maker Mattel posted fourth-quarte...
Capri reports revenue down in Michael Kors, Versace, Jimmy Choo
A general view outside of a Michael Kors location Christopher Jue | Michael Kors | Getty Images Shares of Michael Kors owner Capri Holdings plunged 23% Wednesday after the company missed earnings expe...
Under Armour (UAA) Q3 earnings 2023
Under Armour shoes are seen inside of a store on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour reported holiday quarter earnings Wednesday that beat Wall Street’s...
Yum Brands (YUM) earnings Q4 2022
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois. Daniel Acker | Bloomberg | Getty Images Yum Brands on...
Chipotle Mexican Grill (CMG) earnings Q4 2022
A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and reven...
Bed Bath & Beyond lines up funding in bid to avoid bankruptcy
A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least...
Mediterranean chain Cava confidentially files for IPO
A logo outside of a Cava restaurant location in Chantilly, Virginia. Kristoffer Tripplaar | Sipa USA | AP Mediterranean chain Cava announced Monday that it has confidentially filed for an initial publ...
Amid food inflation, more shoppers turn to dollar stores for groceries
A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been espec...
Nordstrom stock surges after activist investor Ryan Cohen buys stake
Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom surged Friday morning after activist investor ...
Starbucks (SBUX) Q1 2023 earnings
A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks on Thursday reported quarterly earnings and revenue that fell sh...
Venture capital for Black entrepreneurs plummeted 45% in 2022
Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But s...
Why Amazon China fell behind Alibaba, JD.com and Taobao
China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American compani...
Subway sandwich sales climb amid turnaround, potential sale talks
An employee halves a Subway sandwich at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Subway said its same-store sales climbed 9.2% in 2022, signaling the sandw...
Amazon may have more robots than humans by 2030
Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Flo...
Luxury stocks rally as China reopens, but consumers may shop ‘in-house’
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin...
Nike sues Lululemon over shoe designs
Nike is suing Lululemon for patent infringement related to at least four of the apparel company’s shoes, extending a contentious legal history between the two companies. In the complaint, filed ...
McDonald’s (MCD) Q4 2022 earnings
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 is expected to report its fourth-quarter earnin...
Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford
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. Stick to Dow stocks Watch w...
Walmart is rolling out sleek new store designs
Walmart has rolled out a new look at five flagship stores, including its big-box store in Teterboro, NJ. The remodeled stores have brighter lighting, mannequins and roomier aisles. Melissa Repko | CNB...
Bed Bath & Beyond defaults on credit line, warns on debts
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it...
Hasbro warns of weak holiday quarter results, cuts jobs
Game maker Hasbro Justin Sullivan | Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more t...
LVMH optimistic as Chinese shoppers and tourists return
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuter...
Walmart-owned Sam’s Club plans to open new stores
Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois. Scott Olson | Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores i...