In light of China’s reopening and easing of Covid rules, Hong Kong’s property market will be on a path to recovery in 2023, according to property consultancy Colliers Hong Kong. The reta...
Tag: Retail industry
Starbucks tells corporate workers to return to office 3 days a week
Howard Schultz David Ryder | Reuters Starbucks corporate employees will be returning to the office at least three days a week by the end of the month. Starting Jan. 30, employees within commuting dist...
Disney opposes Nelson Peltz push to join board, names Mark Parker chairman
The Walt Disney Company on Wednesday afternoon said it opposes activist investor Nelson Peltz’s attempt to join its board. Disney also named Mark Parker, the executive chairman of Nike, its next...
Prince Harry’s memoir break UK sales records and tops Amazon best sellers
Prince Harry’s memoir “Spare” became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. Chris Jackson / Staff / Getty Images LONDON...
Bed Bath & Beyond lays off more employees as it struggles to survive
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 has begun its la...
Bed Bath & Beyond (BBBY) Q3 2023 earnings
A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Ziyu Julian Zhu | Xinhua News Agency | Getty Images Bed Bath & Beyond on Tuesday posted wider quarterly losses than exp...
Amazon’s Buy with Prime is a positive step, but the stock is still expensive
Amazon ‘s (AMZN) soon-to-be widely available Buy with Prime service, which allows Prime members to use their Amazon accounts to shop with other online merchants, could be a profitable revenue ch...
Babies R Us to open new flagship store at American Dream in New Jersey
A shopping cart sits in the parking lot at a Babies “R” Us store on January 24, 2018 in Chicago, Illinois. Scott Olson | Getty Images Babies R Us is trying to make a comeback. The baby pr...
What’s ahead in wake of bankruptcy warning
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images When Bed Bath & Beyond leaders speak to investors Tuesday morning, they won’t s...
SEC fines McDonald’s ex-CEO Steve Easterbrook misled investors about his firing
Former McDonald’s CEO Stephen Easterbrook unveiling the company’s new corporate headquarters during a grand opening ceremony on June 4, 2018, in Chicago Scott Olson | Getty Images The Secu...
China’s big consumer market isn’t rebounding to pre-pandemic levels just yet
Tourists visit ice sculptures in Harbin, Heilongjiang province on New Year’s Day 2023. China News Service | VCG | Getty Images BEIJING — It’s going to take time for Chinese consumers to re...
Some restaurant workers could see big wage growth in 2023
Employees prepare food orders at a Portillo’s restaurant in Chicago, Illinois, on Tuesday, Sept. 27, 2022. Christopher Dilts | Bloomberg | Getty Images More than half of U.S. states will hike th...
McDonald’s plans reorganization, job cuts as it accelerates restaurant openings
Noam Galai | Getty Images Entertainment | Getty Images McDonald’s is planning job cuts and a reorganization as the company refocuses its priorities to accelerate restaurant expansion, CEO Chris ...
Macy’s warns holiday-quarter sales will come in light
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers...
Jim Cramer’s Investing Club meeting Friday stocks rise Constellation
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 Friday’s key moments. Stay wary of tech Wait to b...
Constellation Brands CEO hints stock buyback could be on the horizon
Constellation Brands (STZ) could potentially implement a stock buyback program, CEO Bill Newlands said Thursday — a move we would welcome as shareholders in the alcoholic beverage maker. Newlands̵...
Walgreens may have overstated theft concerns, CFO says
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York. Lindsey Nicholson | Universal Images Group | Getty Images A top Walgreens executive on Thursday ...
Bed Bath & Beyond warns of potential bankruptcy
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond warned Thursday it’s running out of cash and is cons...
Stitch Fix CEO steps down, 20% of salaried workforce to be cut
Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce and she will reassume her post ...
Walgreens Boots Alliance (WBA) Q1 earnings 2023
Walgreens Boots Alliance on Thursday reported fiscal first-quarter earnings that beat Wall Street’s estimates after an early flu season boosted demand for cough and cold medicine. The company sa...
Online sales jump 3.5%, boosted by discounts
D3sign | Moment | Getty Images Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up...
Fanatics is divesting its 60% stake in NFT company Candy Digital
Michael Rubin’s sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by CNBC. Fanatics, who previously held the major...
Here are some strategies that can help you dig out of holiday debt
While some Americans are still recovering from holiday festivities, many others may have lingering effects of spending regrets. Overall U.S. retail sales increased 7.6% year-over-year between Nov. 1 a...
Investors shift focus to growth stocks China exposure to gain
As we kick off 2023, Wall Street appears to be shifting its focus from inflation to growth. Investors apparently believe the Federal Reserve has inflation under control after dramatically raising inte...
Retailers brace for tougher times and more frugal customers in 2023
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make return...
Non-alcoholic beer set to continue to grow in 2023
The start of ‘Dry January,’ a month when many people avoid drinking alcohol, typically brings a heightened level of attention to non-alcoholic drinks. But the CEO of one of the leading non...
Gourmet food in UAE is taking on Paris, New York and London
Chefs and owners pose for picture on the stage during a ceremony revealing the 2022 selection of the Michelin Guide Dubai, the first-ever edition in the United Arab Emirates, on June 21, 2022. Giusepp...
Most Chinese shoppers are very cautious about going out, survey finds
Shoppers enter a newly opened Sam’s Club in Beijing on Dec. 23, 2022, the chain’s fourth store in China’s capital city. Zhao Jun | China News Service | Getty Images BEIJING — Most Ch...
Restaurant chains are investing in robots, bringing change for workers
A White Castle team member next to Miso Robotics’ Flippy. Courtesy: Miso Robotics Chipotle Mexican Grill is testing whether a robot can make tortilla chips in stores. Sweetgreen plans to automat...