Club holding Costco Wholesale (COST) is set to report its fiscal first-quarter results on Thursday after the closing bell, and we’ll be looking to see the impact on profitability at the retailer...
Tag: Walmart Inc
Walmart CEO says shoplifting could lead to price jumps, store closures
Walmart stores across the U.S. are grappling with an uptick in shoplifting that could lead to higher prices and closed stores if the problem persists, Walmart CEO Doug McMillon said Tuesday. “T...
United CEO says business travel has ‘plateaued’ but revenue is still rising
United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Business travel demand has “plateaued” b...
Retailers Are Cutting Jobs Instead of Hiring Help Ahead of the Holidays
The holiday season is usually a reason for stores to staff up to handle the surge of shoppers. But Friday’s jobs report showed a concerning trend: Retailers are shedding workers. According to the Bure...
Kroger (KR) earnings Q3 2022
Kroger on Thursday raised its forecast for the year after stronger fiscal third-quarter sales topped Wall Street expectations and inflation continued to push up the prices shoppers pay for milk, eggs ...
Shopper turnout hit record over Black Friday weekend, trade group says
A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a survey by the National Retail Federation, which ...
Walmart shooter bought gun day of attack, left behind ‘death note’
A police tape is seen at the site of a fatal shooting in a Walmart on November 23, 2022 in Chesapeake, Virginia. Nathan Howard | Getty Images The Walmart night crew supervisor who shot and killed six ...
Online shoppers spent record amount on Thanksgiving
D3sign | Moment | Getty Images After eating turkey and pie, lots of Americans also went on a shopping spree. Thanksgiving Day online spending hit a record of $5.29 billion, an increase of 2.9% year ov...
Walmart employee killed 6 people at Chesapeake, Virginia, store, police say
Law enforcement work the scene of a mass shooting at a Walmart, Wednesday, Nov. 23, 2022, in Chesapeake, Va. The store was busy just before the shooting Tuesday night with people stocking up ahead of ...
Black Friday can offer investors clues about how much gas consumers have left in the tank: Here’s what to watch out for
Black Friday is arriving at an interesting time for the American consumer. Shoppers have seemingly persevered this year despite an all-out assault on their pocketbooks and net worth — from falling equ...
Macy’s (M) Q3 2022 earnings
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Thursday raised its earnings forecast for the year as strong luxury sales boosted the departm...
GM EV unit BrightDrop forecasts $1 billion in 2023 revenue
BrightDrop CEO Travis Katz says he’s “charged up” about 2023 and the forecast for the General Motors EV unit to top $1 billion in revenue in 2023. The announcement, tied to General M...
Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy
CNBC’s Jim Cramer on Wednesday said the Federal Reserve must pay attention to recent retail earnings reports to plan the rest of its battle against inflation. “I am begging the Fed to look...
Target (TGT) 3Q earnings
Target‘s profit fell by around 50% in its fiscal third quarter as it cleared through unwanted inventory and sales slowed heading into the holidays, prompting the company to lower its expectation...
Walmart (WMT) earnings Q3 2023
Walmart said Tuesday that sales rose by nearly 9% in the fiscal third quarter, as Americans across income levels bought the company’s low-priced groceries. The discounter beat Wall Street’...
Walmart, Taiwan Semiconductor, Netflix, Carnival and more
Bing Guan | Bloomberg | Getty Images Check out the companies making the biggest moves midday. Walmart — Shares of retailer Walmart jumped more than 7% after reporting quarterly earnings that beat Wall...
Walmart, Vodafone, Getty Images and more
Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart shares surged 6.9% in the premarket after the retailer reported better-than-expected quarterly profit and revenue, a...
Retailers’ biggest holiday wish is to get rid of all that excess inventory
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images As some of the nation’s largest retailers report quarterly e...
Market needs weak retail data to stay strong
The stock market’s current run could fizzle out if October retail sales data comes in hot next week, CNBC’s Jim Cramer warned on Friday. “If we see weak retail sales and learn that t...
Walmart’s request for new trial denied in firing of employee with Down syndrome
Marlo Spaeth (left) was fired from Walmart in July 2015, after working there for nearly 16 years. Her sister, Amy Jo Stevenson, has been in a legal battle with the retail giant since then. She filed a...
The best ways to pay for holiday gifts ahead of Black Friday
What you buy this holiday season is just as important as how you buy it. In fact, the payment method you choose at checkout can go a long way toward helping you stick to a budget, save money and stay ...
Why hearing aids are so expensive
An estimated 48 million Americans have some form of hearing difficulty, according to the Hearing Loss Association of America. But only about 20% of people who would benefit from a hearing aid use one....
Travel has edge over shopping this holiday season amid inflation
Retailers have a new threat this holiday season: wanderlust. Americans are returning to the skies, filling hotels, swarming theme parks — and they’re showing a willingness to spend more of their...
Inflation to dampen holiday spending, retail trade group forecasts
Shoppers ascend and descend an escalator at the Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark Makela | Reuters Getting shoppers to spend this holiday season won’t...
Jeff Bezos, Jay-Z may bid on Washington Commanders
Amazon founder Jeff Bezos and commissioner Roger Goodell on the sidelines before the start of an NFL football game between the Los Angeles Chargers and Kansas City Chiefs, Thursday, Sep.15, 2022, in K...
Nikola (NKLA) earnings Q3 2022
Nikola Motor Company Source: Nikola Motor Company Electric heavy truck maker Nikola said that it produced 75 trucks in the third quarter, and delivered 63 to dealers before quarter-end, generating eno...
CVS Health reports Q3 earnings, opioid settlement
Rafael Henrique | Lightrocket | Getty Images CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed com...
Retail analysts foresee holiday-season sales growth. Now we’ll hear from retailers themselves.
Even as price increases squeeze shoppers, analysts expect holiday-season sales to increase this year. With Walmart Inc., Target Corp. and discounters TJX Cos. and Ross Stores Inc. reporting results in...