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World News - Latest of The Hour: Retail

2019-10-14 08:12

Dallas Mavericks player Boban Marjanovic partners with Big Blanket Co. Dallas Mavericks center Boban Marjanovic, one of the NBA's tallest players at 7 feet 3 inches, is reuniting with a former teammate to sell oversized blankets....
2019-10-11 22:32

The lesson from Zuckerberg and Dorsey that inspired 3 students' multimillion-dollar start-up Carousell founder Siu Rui Quek had always been entrepreneurial. But it was a lesson learned in his early twenties from enterprising icons Mark Zuckerberg and Jack Dorsey that set him on course for the big times....
2019-10-09 08:00

Kroger, Walgreens to stop selling e-cigarettes, amid backlash and regulatory uncertainty The Centers for Disease Control and Prevention has identified at least 18 confirmed deaths due to a mysterious vaping disease. Walmart and Rite Aid have taken similar steps....
2019-10-08 01:00

A fired CEO remains the most influential person in the rise of ghost kitchens As food delivery booms thanks to third-party services like DoorDash and UberEats, venture capitalists look to ghost kitchens as the next way to cash in....
2019-10-08 01:00

Jim Cramer: Investors who bailed on Costco's misleading quarter made a costly mistake "It's never been a mistake to give Costco the benefit of the doubt," Jim Cramer of "Mad Money" says days after the retailer's mixed quarterly report....
2019-10-08 01:00

Impossible Foods CEO says rival plant-based meat products 'suck' Impossible Foods CEO Pat Brown said other companies offering plant-based meat alternatives make products that "suck," in an interview with Food Dive....
2019-10-07 20:16

Altria launches Iqos tobacco device in US, and the timing couldn't be better Iqos isn't a vaping device nor is it a cigarette. It heats tobacco, but doesn't burn it, giving users the same rush of nicotine as smoking without as much damage to their lungs....
2019-10-04 07:48

The biggest mall owner in the US is going online The biggest mall owner in the U.S., Simon Property Group, is teaming up with online shopping company Rue La La's owner to launch a new kind of website. Simon has been testing a site in beta for the past few months....
2019-10-02 22:16

Stitch Fix shares fall despite earnings beat, with 'softer' fiscal first quarter ahead Stitch Fix's active client base grew 18% year over year, reaching 3.2 million people, the company said when it reported earnings after the bell on Tuesday....
2019-10-02 11:48

Meet Triple Five Group: The developers behind New Jersey's 'American Dream' mega mall A sprawling 3 million square feet of indoor ski slopes, waterslides, roller coasters, chef-backed eateries and department stores is set to open, at least partially, to the public later this month. Triple Five Group is pulling it all together....
2019-10-01 21:16

Here's a map of the Forever 21 stores that could close by the end of the year Forever 21 on Tuesday released a list of the nearly 200 locations it expects to close as part of its bankruptcy proceedings, including those stores' owners: Macerich, Taubman, Tanger, Westfield and others....
2019-10-01 21:16

Amazon grocery store chain moves ahead with leases in Los Angeles, WSJ reports The first few stores, which could open as early as the end of the year, will likely be located in Woodland Hills and Studio City, California, the Journal says....
2019-10-01 16:16

Walgreens joins CVS in suspending sales of heartburn medicine Zantac during safety review Walgreens is the latest retailer to suspend sales of Sanofi's heartburn medication Zantac and other generic ranitidine products while the FDA reviews their safety....
2019-10-01 03:48

Dick's Sporting Goods CEO took a controversial stance on gun control. Then he wrote this book. Dick's Sporting Goods CEO Ed Stack's new book, "It's How We Play The Game: Build a Business. Take a Stand. Make a Difference," is set to hit shelves on Oct. 8. CNBC spoke to Stack about why he decided to write the book....
2019-09-28 22:00

'Make yourself uncomfortable': Best Buy CEO Corie Barry's advice to women in business Corie Barry took over the top job in June as Best Buy's first female chief executive. Her advice to other women in business is "make yourself uncomfortable, and to take sometimes, the jobs no one else wants."...
2019-09-28 22:00

Dick's Sporting Goods is turning to women to fuel its turnaround As Dick's Sporting Goods pulls itself out of a sales slump, it is putting a bigger emphasis on having the right products for women. To get there, it is using two of its private labels, Calia and DSG....
2019-09-27 19:32

Best Buy CEO Corie Barry wants to 'double down' on company's strategy, despite tariff disruptions Best Buy's first investor meeting in two years comes as the electronics retailer faces headwinds from the Trump administration's trade policies on goods made in China....
2019-09-26 19:32

Allbirds co-CEO: Suing Amazon over shoe 'risky' — they have more lawyers than we have workers "It's probably a risky territory to wade into, but we're always looking at it. We look carefully every time this happens," co-founder Joey Zwillinger says....
2019-09-26 19:32

As store closures accelerate, Goldman Sachs says Amazon will reap the benefits The rate of store closures is accelerating, and this, along with faster shipping and strengthening consumer spending, is driving consumers to spend online....
2019-09-24 21:00

Bonobos' CEO: How Walmart has helped us. And how we've stayed true to our brand Bonobos' Micky Onvural explains how the men's clothing brand with a cult-like following both benefits from being owned by Walmart and keeps its distance....
2019-09-24 21:00

Considering a new pet? ASPCA warns against pet leasing arrangements Pet leasing has become a controversial practice because pet owners can wind up paying much more than they anticipated if they are unclear about the terms of the arrangement....
2019-09-21 17:16

'Underdeveloped' warehousing in China could be an investing opportunity for property investors China's e-commerce boom is fueling demand for storage spaces and offers opportunities for those looking into putting their money in real estate, says Jean Eric Salata from Baring Private Equity Asia....
2019-09-21 12:48

Tim Cook greets iPhone 11 customers at Fifth Avenue store in New York Apple CEO Tim Cook greeted iPhone 11 customers at the reopening of the Fifth Avenue Apple store on Friday. CNBC also took a tour inside. Here's a look....
2019-09-20 15:48

JC Penney prepping for debt talks ahead of the holiday season, Bloomberg says J.C. Penney is preparing for talks with its creditors on ways it can ease its debt load, buying the retailer some time ahead of the critical holiday shopping season, Bloomberg reported....
2019-09-20 15:48

Jim Cramer says Bernstein's downgrade on Costco creates a buying opportunity "Costco is a best-of-breed retailer that has repeatedly reinvented itself, and if they need to reinvent themselves again, that's exactly what they'll do," the "Mad Money" host says....
2019-09-20 06:16

A new Hollister store is coming to Herald Square in New York as the retailer thinks smaller A new Hollister store is coming later this month to New York, right down the block from Macy's, Target and Victoria's Secret in the busy Herald Square shopping district....
2019-09-19 19:00

Kobe Bryant isn't surprised by Nike's support of former NFL player Kaepernick NBA All-Star Kobe Bryant said he's not surprised by Nike's support of former NFL quarterback Colin Kaepernick, who has been blackballed by the league following his public protest of police brutality against African Americans....
2019-09-19 19:00

Stock of Olive Garden's parent tumbles 3% after revenue miss Shares of Darden Restaurants fell as much as 5% Thursday morning after the parent company of Olive Garden reported slower-than-expected sales growth....
2019-09-19 19:00

Look inside the flagship Apple Fifth Avenue store before it reopens Here's a look inside Apple's flagship Fifth Avenue Store, known as the "cube," in New York City. It reopens on Friday and has been closed since 2017 for renovations....
2019-09-19 19:00

Fanatics hires Nike exec as CFO; business is targeting over $2.5 billion in sales this year Fanatics has hired Michener Chandlee, Nike's corporate audit and chief risk officer, to become its chief financial officer, succeeding Lauren Cooks Levitan, CNBC has learned....
2019-09-18 00:16

Chewy shares slide despite narrower-than-expected second quarter loss The pet food and product retailer posted net sales of $1.15 billion, topping estimates of $1.13 billion, according to a survey of analysts by Refinitiv....
2019-09-18 00:16

Nike wins an Emmy for 'Dream Crazy' ad featuring Colin Kaepernick A year after Nike's "Dream Crazy" campaign brought about heavy controversy, the company won the "outstanding commercial" award at Sunday's Creative Arts Emmy Awards....
2019-09-16 20:16

Gap has a new plan to grow its Athleta, Janie and Jack businesses overseas Gap Inc. said Thursday it's opening up its Athleta and Janie and Jack brands to be franchised outside of the U.S., building on its preexisting franchise business with the Gap, Banana Republic and Old Navy banners....
2019-09-12 19:00

JC Penney to launch outdoor apparel shops within 100 stores as it attempts to boost sales In a bid to boost sales, J.C. Penney said Tuesday that it plans to launch an outdoor shop selling apparel and other excursion gear in 100 of its roughly 830 department stores next month....
2019-09-11 00:48

Dollar Tree CEO on mitigating tariffs on Chinese imports: 'We play hardball' Giving credit to the company's merchants, Dollar Tree CEO tells Jim Cramer how the discount retailer worked with vendors to reduce costs on imports....
2019-09-10 02:16

L Brands' ties to Jeffrey Epstein aren't its only troubles as stock loses a third of its value this year Over the past year, the company has grappled with falling sales at Victoria's Secret, as its board has been thrust into the spotlight following an activist campaign and concerns over the CEO's ties to accused child sex trafficker Jeffrey Ep...
2019-09-09 21:48

UPS to hire about 100,000 seasonal employees for the holiday season UPS plans to hire about 100,000 seasonal employees again this year to handle its expected increase in package volume throughout the holiday season, the company announced Monday....
2019-09-09 21:48

L Brands' ties to Jeffrey Epstein aren't its only troubles Over the past year, the company has grappled with falling sales at Victoria's Secret, as its board has been thrust into the spotlight following an activist campaign and concerns over the CEO's ties to accused child sex trafficker Jeffrey Ep...
2019-09-09 16:16

How Walmart and other big companies are trying to recruit more teenage workers Of Walmart's 1.4 million U.S. workers, less than 25,000 are in high school. So the company is rolling out the red carpet by offering free SAT and ACT prep, subsidizing a large chunk of their tuition, and the chance to earn some college credit....
2019-09-07 16:32

Lululemon shares rise as growth in men's sales drives earnings beat Lululemon in April said it plans to double its men's and online sales over the next five years, targeting annual revenue growth in the low teens during that time....
2019-09-06 04:00

Retailers resist price hikes but we can't eat all China tariff costs, says housewares firm founder Resistance to price hikes creates a "stressful situation" for businesses that cannot afford to absorb the cost of tariffs on Chinese imports, Casabella's Bruce Kaminstein says....
2019-09-04 10:48

Kroger joins Walmart in asking shoppers not to openly carry guns in stores Kroger on Tuesday followed Walmart in asking shoppers not to openly carry guns in any of its stores, in states where "open carry" is allowed, unless they are authorized law enforcement officers....
2019-09-04 10:48

Trump said he wanted to save Christmas. But shoppers still fear tariffs this holiday season President Donald Trump had said earlier this summer that he chose to delay part of the taxes on $300 billion worth of Chinese imports set to take effect Sept. 1 until Dec. 15 "for the Christmas season." But consumers are still anxious....
2019-09-03 06:16

Best Buy is days away from tariffs on its core products but is prepared, CEO says But executives were determined to put investors at ease, emphasizing that they factored the impending tariffs into their fiscal-year forecast, yet raised earnings guidance....
2019-08-29 20:16

Dollar Tree, Dollar General soar as retailers raise forecasts, despite looming tariffs ahead The outlook as well as a quarterly profit beat eased some concerns around the impact of the Trump administration's latest tariffs on some Chinese imports, including holiday merchandise....
2019-08-29 15:48

McDonald's announces new anti-harassment training for US employees McDonald's said Wednesday that it will introduce new workplace training centered on harassment and workplace safety as it faces legal scrutiny over its previous handling of incidents....
2019-08-29 00:16

Apparel retailer Forever 21 weighs bankruptcy filing The retailer has been exploring restructuring options to shore up its liquidity as it struggles with its business, CNBC previously reported. Those efforts, though, have stalled, making a bankruptcy more likely....
2019-08-29 00:16

Best Buy revs up supply chain ahead of the holiday season There's much talk today about the shipping wars between big-box retailers Walmart and Target and e-commerce giant Amazon. But Best Buy has likewise been chipping away at its delivery strategy for the past few years....
2019-08-28 16:48

SC Johnson threatens to sue Oklahoma AG over use of signature slogan in J&J opioid suit SC Johnson, maker of Drano, Pledge and other household products, is threatening to sue Oklahoma Attorney General Mike Hunter for citing the company's slogan in the state's opioid lawsuit against an unrelated, yet similarly named, Johnson & ...
2019-08-28 04:00

Here's why China embraced Costco, but spurned Amazon and Tesco Costco saw a reaction in China that few Western retailers experience. Analysts believe Costco satiates exactly the appetite China had for a new concept, at a time with its market development is ideal....
2019-08-27 23:32

Hasbro CEO: Moving out of China has 'gone very well for us' Hasbro has been focused on diversifying its manufacturing operations since 2012 due to "enterprise risk reasons." "We're seeing great opportunities in Vietnam, India and other territories like Mexico," the CEO said....
2019-08-27 23:32

Peloton reveals IPO documents showing widening losses of $245.7 million on sales of $915 million Peloton, which previously said it had filed the paperwork confidentially, makes cycles and treadmills with screens for users to join live and recorded fitness classes from their homes, hotel rooms or offices....
2019-08-27 23:32

KFC will soon be serving vegan fried chicken — with Beyond Meat's help Colonel Sanders is testing vegan fried chicken to see if customers think it's finger lickin' good. The test starts Tuesday at an Atlanta KFC....
2019-08-26 21:32

Dollar General and Dollar Tree fined $1.2 million for selling expired drugs, NY AG says The retail discounters will pay $1.2 million for selling expired over-the-counter drugs and motor oil not suitable for today's vehicles, New York officials say....
2019-08-26 21:32

Home Depot says suppliers are moving manufacturing out of China to avoid tariffs Home Depot said that tariffs against China will impact about $2 billion, or 2%, of U.S sales, after accounting for all the goods that will be hit. However, costs are mitigated because its suppliers are moving to countries outside of China....
2019-08-20 19:16

Stocks have rebounded big in a short time. History shows market momentum should continue Stocks are climbing fast as fears over a U.S. recession appear to be easing. According to market history, this upward momentum could continue for another month....
2019-08-20 19:16

Home Depot stock rises on better-than-expected profits even as the company lowers outlook Home Depot's CEO says the retailer cut its outlook partly due to "the potential impacts to the U.S. consumer arising from recently announced tariffs."...
2019-08-20 18:00

Restaurant spending set to hit high in 2019 as consumers spend more of their budget on dining out A strong jobs market and tax cuts are bolstering consumer spending at restaurants. The National Restaurant Association projects a sales record for 2019....
2019-08-20 00:16

Amazon is passing along costs of a new digital tax to thousands of French sellers Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government....
2019-08-19 14:16

The often-hated open floor plan gets a new savior: The office pod In recent years, pods have been embraced in offices across the nation. They provide a quiet space for office workers to conduct important phone calls, focus on their work, or take a quick break....
2019-08-18 13:32

This is what's behind Walmart's staying power that could outmaneuver Amazon For 20 years Walmart has struggled to pull its online act together while Amazon.com seized nearly half of the US online shopping market. But Walmart's multibillion-dollar investment campaign now seems to be paying off....
2019-08-17 01:16

Macy's CEO Jeff Gennette: Shoppers have 'no appetite' for price increases from looming tariffs "We are working with our sourcing and tariff partners to mitigate the risk between vendors and our margins," CEO Jeff Gennette told CNBC in an interview Wednesday morning....
2019-08-15 04:48

Macy's teams up with Google to help run its warehouses One way Macy's is trying to improve its business stems from the work it's doing on the back end, at its more than a dozen fulfillment centers....
2019-08-15 04:48

Cramer: Retail is getting hammered, but it's an opportunity to buy Revolve Revolve Group is "part of the reason why Macy's is getting obliterated ... disrupting what's left of the department stores, and it is working," Jim Cramer says....
2019-08-15 04:48

Retail stocks surge after tariffs for clothing, footwear delayed Shares of retailers jumped Tuesday after the United States Trade Representative announced it was delaying proposed tariffs on clothing, footwear and a number of other items....
2019-08-13 17:32

Versace, Givenchy and Coach say sorry over Chinese T-shirt anger American fashion brand Coach, French label Givenchy and Italian luxury brand Versace have been boycotted by some Chinese social media stars for suggesting that places like Hong Kong and Macau are separate from China....
2019-08-12 15:00

Man in body armor and armed with rifle sparks panic at Walmart in Missouri An armed man who walked into a Walmart store in Missouri dressed in body armor and fatigues and was detained at gunpoint by an off-duty firefighter is "lucky he's alive still" considering the situation he created, a police official said....
2019-08-10 02:16

5 things to know before the stock market opens Tuesday The Dow is set to bounce; China labeled a "currency manipulator"; mortgage rates hit November 2016 lows, ex-Fed chiefs call for independent central bank; and Apple invites first customers to its credit card....
2019-08-08 18:48

Adidas CEO: China tariffs won't affect shoe prices, but currency war may have 'significant' impact Adidas CEO Kasper Rorsted said the prospect of China weakening its currency could have a "significant impact" on the firm's earnings since 25% of its business is based in China....
2019-08-08 18:48

Arizona Tea maker enters the cannabis market In another example of marijuana hitting the mass market, the maker of Arizona Tea is entering the market for vape pens and cannabis-infused gummies and drinks through a licensing deal with Dixie Brands....
2019-08-07 23:32

The maker of Hush Puppies shoes is haunted by a water contamination crisis in its Michigan hometown Wolverine Worldwide is a $2.4 billion global corporation home to the Hush Puppies shoe brand – and a point of contention in its hometown. Decades-old tannery waste leached toxic chemicals in the ground, contaminating some drinking water sources....
2019-08-07 23:32

Barneys has until Oct. 24 to find a buyer and avoid liquidation "We have new financing that literally developed in the last 30 minutes," testified Kirkland & Ellis' Josh Sussberg, "for a company that only days ago stared down the barrel of a gun."...
2019-08-07 23:32

5 things to know before the stock market opens The Dow is set to bounce; China labeled a "currency manipulator"; mortgage rates hit November 2016 lows, ex-Fed chiefs call for independent central bank; and Apple invites first customers to its credit card....
2019-08-07 02:00

Columbia Sportswear wants sneaker heads to pay attention to its latest shoe On Monday, Columbia Sportswear unveiled a new line of sneaker-boot hybrids, in the outdoor apparel company's first venture into sneaker culture that cashes in on a growing trend of sneaker crossovers....
2019-08-07 02:00

The 90s are back. Here are the companies trying to cash in—and the ones that are failing For years, the fashion world has been riding a wave from the past. Young consumers are turning to the 90s for inspiration, leading to the revival of trends and companies that were long ago pronounced dead....
2019-08-03 16:32

Starbucks' stock pops after coffee chain crushes estimates, raises forecast Starbucks raised its full-year earnings and revenue forecast Thursday after more customers returned to cafes in the U.S. and China for pricier drinks....
2019-07-31 17:48

Juul co-founder defends company at hearing over its alleged role in teen vaping 'epidemic' Juul co-founder James Monsees defended the company in a hearing Thursday, as lawmakers grilled him over Juul's alleged role in the teen vaping "epidemic."...
2019-07-31 17:48

Starbucks shares rise more than 6% on renewed momentum in the US and China Starbucks shares rose by more than 6% in early market trading today after a resounding earnings beat has analysts raising their estimates for the coffee chain....
2019-07-31 17:48

JC Penney is trying new things to stay afloat. But its stock is below $1, at risk of being delisted. J.C. Penney CEO Jill Soltau is doing what she can to keep the 117-year-old department store chain afloat, even as the retailer's shares trade below $1 and are at risk of being delisted from the New York Stock Exchange....
2019-07-31 17:48

Starbucks ramps up US delivery with UberEats as Chinese delivery booms As Starbucks ramps up its U.S. delivery program, the global coffee chain is looking to China — its second-largest market — as an example of how delivery could eventually contribute to its sales....
2019-07-31 17:48

Diet bars with plus-size orders, 'fake news' shorts: Here's why Forever 21 is forever controversial The fast-fashion retailer is prone to controversy because of a lack of sufficient product review and because of the risks it's willing to take, according to industry experts....
2019-07-31 17:48

Flyfishing and kayaking trips help L.L. Bean, Orvis sell more gear and attract more customers Outdoor retail brands are beefing up their adventure programs and branded trips to create new customers and deepen relationships with existing ones by making outdoor vacations easier. Customers can try out new activities before purchasing any gear....
2019-07-31 17:48

Under Armour shares sink 15% on sales miss and lower forecast in North America For the year, Under Armour now expects sales in North America will decline slightly. It's been struggling to keep up with rivals Nike and Adidas....
2019-07-31 17:48

Browsing social media is not always free. Looking at Instagram or Pinterest could cost you big-time It's not just kids who are susceptible to social media peer pressure. Parents, too, can fall victim — and actually have gone into debt as a result....
2019-07-31 17:48

Under Armour's North America problem hasn't gone away Under Armour's mixed earnings results on Tuesday called attention to the fact that the brand continues to fight to win more shoppers on its home turf, a competitive one....
2019-07-31 17:48

Gap's newest ad campaign attempts to clarify its identity ahead of the Old Navy spinoff Gap's newest ad campaign is a step to focus the retailer's identity, ahead of plans to spin off Old Navy into a separate, publicly traded company....
2019-07-31 17:48

Procter & Gamble writes down Gillette business but remains confident in its future Despite Procter & Gamble's write-down of its Gillette shaving business, executives said they remain confident about the future of the grooming category....
2019-07-31 17:48

P&G CEO says US consumer 'remains strong' despite global trade concerns Procter & Gamble's CEO tells CNBC the U.S. consumer "remains strong," after the company reported fiscal fourth-quarter earnings that beat Wall Street expectations....
2019-07-31 17:48

There are signs that a US boom for makeup products is now over L'Oreal, one of the world's largest cosmetics companies, missed estimates for its second-quarter sales growth citing weakness in U.S. demand....
2019-07-31 17:48

The biggest mall owner in the US could save retailers on the cusp of going out of business Mall owner Simon Property Group on Wednesday said it's considering more opportunities where it would invest in a retailer to help keep it afloat....
2019-07-31 17:48

Victoria's Secret owner, L Brands, taps law firm to review relationship with Jeffrey Epstein Epstein was arrested earlier this month on an indictment filed by the U.S. Attorney's Office for the Southern District of New York, which charged him with trafficking dozens of underage girls....
2019-07-25 06:32

Beyond Meat is developing meatless bacon Beyond Meat is developing a meatless version of bacon, but a representative for the company said it is not sharing any concrete plans for the product at this time....
2019-07-24 20:00

Retail stores get a bad rap, as closures pile up. But here's how stores boost online sales A new survey from the International Council of Shopping Centers shows bricks-and-mortar stores clearly offer a boost to online sales, and vice versa. ICSC says it's a "halo effect."...
2019-07-23 00:00

Major retailers are launching affordable clothing lines for children with disabilities Retailers are finding ways to create affordable clothing for children with disabilities. Kohl's Target, Tommy Hilfiger and Zappos have all launched lines in recent years....
2019-07-22 22:16

Missed Amazon Prime Day? You can still find the best back-to-school deals Back-to-school spending this year is forecast to top $80 billion with American families spending between $700 and $1,000 dollars on students. Amazon and other retailers will be offering deals throughout the summer....
2019-07-19 19:00

Walmart announces executive shuffle to further integrate stores and digital Walmart is making further organizational changes to further integrate its store and digital operations and leadership, according to a memo obtained by CNBC that was sent by CEO Doug McMillon to the retailer's employees....
2019-07-19 19:00

Business groups slam House for passing $15 minimum wage bill Business advocacy organizations sharply criticized the House of Representatives for passing a bill to raise the minimum wage to $15, saying it would be a costly job killer....
2019-07-19 03:32

Dressbarn to close 53 stores in August, saying the wind down of the business is 'on target' Ascena on Thursday said the winding down of its Dressbarn business is on target amid chatter the business would be forced to file for bankruptcy to break leases. It said 53 stores are expected to shut by the end of August....
2019-07-19 03:32

Kohl's says let the holiday hiring season begin Kohl's is kicking off its holiday hiring extra early for the second straight year as retailers vie to find skilled workers in a tight labor market....
2019-07-17 20:16

Amazon says this year's Prime Day surpassed Black Friday and Cyber Monday combined Amazon also said that on Monday and Tuesday it sold more Amazon devices — like the Echo Dot, the Fire TV Stick and Alexa Voice Remote — over a two-day period than it ever has before....
2019-07-17 20:16

Amazon asked some advertisers to increase spend on Prime Day by at least 100% Amazon Prime Day 2019 is an opportunity for Amazon to push companies to spend more on ads, some experts told CNBC. Amazon made $2.72 billion in its "other" segment in the first-quarter of this year, consisting primarily of advertising sales....
2019-07-15 17:00

These are the best places to launch a small business in America CNBC's 2019 America's Top States for Business study reveals the places that foster an entrepreneurial ecosystem have a good regulatory environment, low taxes and access to capital, making them the ideal spot to launch a small business....
2019-07-15 17:00

Amazon is using Prime Day this year to try to win in fashion The market for apparel and accessories globally is worth more than $1 trillion, so Amazon clearly sees there's a lot at stake here. It's using Prime Day to tout fashion deals....
2019-07-15 17:00

Fear missing out? Amazon knows it—and uses it to make Prime Day sales Amazon's marketing for its annual Prime Day plays on our fear of missing out on deals and discounts. Experts weigh in on the consumer psychology behind Prime Day....
2019-07-14 23:48

One-day shipping is now the norm for most Prime Day items. Here's what happens when you order. One-day shipping is now the norm for Amazon's 100 million Prime members. To succeed, Amazon spends tens of billions of dollars a year and employs 250,000 workers in its U.S. warehouses. Follow the journey a Prime-eligible item takes to your door...
2019-07-13 17:32

Nike 'Back to the Future' sneakers expected to sell for over $50,000 at auction A rare pair of Nike "Moon Shoes" could fetch as much as $160,000 in an auction held by Sotheby's, which also features Marty McFly's famous self-tying sneakers....
2019-07-12 14:32

How skin care and K-beauty became big moneymakers for the beauty industry The beauty industry's revenue is expected to grow within the next four years to more than $379 billion dollars, according to an IBISWorld report, and skin care has become big part of that growth....
2019-07-12 14:32

America's 10 most expensive states to live in 2019 These states are the most expensive places to live in America, according to CNBC's 2019 Top States for Business study released Wednesday. CNBC scored all 50 states based on an index of average costs for basic items ranging from groceries to hous...
2019-07-10 22:16

Cramer: Four stocks are putting up a fight against Amazon in retail "In a retail environment dominated by a handful of players ... there are smaller operators that we have found ways to like and win with," Jim Cramer says....
2019-07-10 01:48

Burger King adds $1 tacos to its menu for a limited time Burger King announced today that it is offering $1 tacos nationwide for a limited time. The chain had also previously served tacos on its menu around 2010....
2019-07-09 18:48

Amazon Prime Day could be the 'record-breaking event' to boost consumer stocks next week Amazon's annual sales event will not only break its own records, but send the rest of the consumer discretionary group higher, says CFRA's Todd Rosenbluth....
2019-07-08 23:16

Amazon workers are reportedly planning a Prime Day protest Amazon employees in Minnesota are reportedly planning a strike on Prime Day this year, as the company is promoting its faster delivery options but not giving its workers enough credit, they say....
2019-07-08 19:16

From saving Chrysler to buying Jeep, here are Iacocca's greatest achievements Lee Iacocca transformed the auto industry during a legendary career that stretched from the birth of the Ford Mustang through the death of American Motors....
2019-07-03 06:00

Nike pulls sneakers with 'Betsy Ross' American flag after Colin Kaepernick complains Nike pulled sneakers that featured an early American flag after former NFL football player Colin Kaepernick told the company it shouldn't sell a shoe with a symbol that he and others consider offensive, the Wall Street Journal reported....
2019-07-02 12:16

JetBlue sues Walmart for trademark infringement over Jetblack service JetBlue Airways has sued Walmart for trademark infringement, after the world's largest retailer began using the name Jetblack for its text-based personal shopping service....
2019-06-27 21:16

Home Depot CEO says company hopes to cut costs to reduce impact of tariffs on consumer prices Home Depot CEO Craig Menear said the company aims to minimize any impact that potential tariffs will have on customers by cutting costs elsewhere in the supply chain. The company makes 70% of its goods domestically, which also lessens the effect....
2019-06-27 21:16

Cheerios maker General Mills stock tumbles after sales disappoint Shares of General Mills tumbled Wednesday after the Cheerios maker's quarterly revenue fell short of analysts' estimates as fewer Americans eat its snacks....
2019-06-27 21:16

Despite Rite Aid earnings miss, shares surge 24% on Amazon partnership Despite disappointing quarterly earnings results, shares of Rite Aid surged 24% Thursday on news of a deal with Amazon that gave investors hope for a turnaround....
2019-06-27 21:16

How to future-proof companies and CEOs: Highlights from CNBC Evolve CNBC recently held Evolve in New York City. Among the highlights: Best Buy chairman Hubert Joly on the secrets to his amazing retail turnaround and The New York Times CEO on digital media and making the newspaper worth more than President Trump....
2019-06-22 03:16

I tried out a vegetarian diet for 21 days. Here's what I learnt about the growing meatless movement. Meatless alternatives are on the rise, fueled by startups and companies. CNBC's Uptin Saiidi tried out 21 days as a vegetarian and explores whether this is a fad or the future of food....
2019-06-20 05:32

Hubert Joly: People said I was 'crazy or suicidal' for taking Best Buy job. Then he turned it around Hubert Joly announced in April he was ceding the chief executive spot to Corie Barry, a move that went into effect earlier this month. Joly will now be its executive chairman....
2019-06-19 22:48

Walmart to test self-driving delivery from warehouse to warehouse Robot-driven vans will be Walmart's next push to lower shipping costs as their online shopping rapidly expands, according to a Bloomberg report....
2019-06-19 22:48

Papa John's will spend additional $80 million on franchisee relief and marketing Papa John's said Wednesday that the company will invest an additional $80 million in its domestic franchisees and marketing, as the pizza chain's struggles put pressure on its operators....
2019-06-19 22:48

How a '90s nostalgia trend powered the comeback of two century-old sports brands The fashion industry is currently swept up in a storm of nostalgia. Riding on this throwback wave, Italian heritage brand Fila and American sweatshirt producer Champion are enjoying another lease of life....
2019-06-19 09:00

How the trade war with China could crush California's $2.7 trillion economy and hurt other states The impact of the U.S.-China trade war is greatest in states that export agricultural products, electronics and chemicals directly to China. California has taken the biggest hit followed by Texas, Illinois and Louisiana....
2019-06-18 18:00

Former Snap exec Imran Khan takes aim at Amazon as retail site Verishop goes live Imran Khan's retail website, Verishop, is going live on Tuesday. It sells a mix of designer apparel, home goods and beauty products from brands including Levi's and Boll & Branch....
2019-06-18 12:48

Jim Cramer: Put Chewy on the shopping list and buy it on a pullback "Even after today's magnificent run, Chewy isn't all that expensive. The company's got a great growth story and they have legions of loyal customers," Jim Cramer says....
2019-06-15 03:32

MGA Entertainment CEO says Mattel will be bankrupt 'within a year or so' after takeover bid rejected MGA Entertainment CEO Isaac Larian said toymaker Mattel will be bankrupt "shortly, within a year or so" after the rival company rejected MGA's takeover. Mattel shares dipped briefly following the comments...
2019-06-14 05:32

Jim Cramer reviews which retail stocks are working and which you should stay away from "There's a market for high-end luxury goods and low-end mass market merchandise, but right now there's not much space in between," the "Mad Money" host says....
2019-06-14 05:32

Cramer: Shares of Michael Kors' parent company are cheap — go with the bulls The Michael Kors parent held an analyst meeting earlier this week in which management laid out its growth plans, but it yielded conflicting opinions from the community....
2019-06-14 05:32

Beyond Meat's stock briefly tumbled after Tyson Foods touts plans to sell plant-based nuggets Shares of Beyond Meat were up slightly Thursday after falling about 4% in premarket trading after Tyson Foods announced plans to launch plant-based nuggets this summer....
2019-06-13 19:16

Target makes the latest move in delivery wars with Walmart and Amazon Target is bringing its same-day delivery option to the masses, marking the latest move in an ongoing and heated battle over delivery involving the big-box retailer, Walmart and Amazon....
2019-06-13 06:48

LaCroix parent company's stock falls to multiyear low following lawsuit Shares of National Beverage hit their lowest point since 2016 after a former employee filed a lawsuit alleging he was fired after objecting to a plan to falsely claims that LaCroix cans were free of a particular chemical....
2019-06-11 23:32

Gary Vaynerchuk: I've seen this side hustle generate up to $100,000 for kids in debt Gary Vaynerchuk, serial entrepreneur turned social media mogul, may be worth $160 million but he still loves a good side hustle. He has witnesses a gig called retail arbitrage flipping make homeless people as much as $50,000 to $100,000....
2019-06-11 16:32

Beyond Meat shares continue hot streak, jumping as much as 34% to all-time high Shares of Beyond Meat continued to move higher Monday morning as the stock continues to exceed expectations following one of the most successful public debuts so far this year....
2019-06-10 17:32

Walmart will save $30 million by putting new step stools in its warehouses CEO Doug McMillon said Walmart will save at least $30 million this year by putting lighter-weight step stools in its distribution centers for workers to use....
2019-06-07 18:32

Beyond Meat shares surge 27% as analysts predict more robust sales growth ahead Shares of Beyond Meat surged 27% Friday after analysts raised their price targets following the company's first quarterly report since going public....
2019-06-07 17:16

Elliott Management to acquire Barnes & Noble for $683 million Billionaire Paul Singer's firm already owns Britain's biggest bookseller, Waterstones. Adding Barnes & Noble could give Elliott buying leverage....
2019-06-07 13:48

Elliott Management reportedly in lead to acquire bookseller Barnes & Noble The retailer said last year it was exploring a sale after having received "expressions of interest" from "multiple parties," including its chairman, Leonard Riggio, who founded the company in 1965....
2019-06-06 21:48

Stitch Fix CEO says it's getting better at finding the most valuable customers for its service Shares of Stitch Fix rose nearly 15% Thursday after the online personal styling company reported Wednesday that it beat earnings and sales expectations in the fiscal third quarter of 2019....
2019-06-06 21:48

Beverly Hills votes to outlaw tobacco sales in ordinance believed to be first of its kind in US The Beverly Hills City Council late Tuesday voted to outlaw sales of most tobacco products in a sweeping ordinance that is believed to be the first of its kind in the nation....
2019-06-05 07:16

CVS Health promises double-digit earnings growth by 2022 as it tries to allay investor worries CVS Health tried to allay investor concerns Tuesday over its $70 billion acquisition of health insurer Aetna last year, projecting double-digit growth after the two companies are fully integrated in a few years....
2019-06-04 15:48

Costco sold someone a $400,000 diamond ring Warehouse retailer Costco said during its latest quarter ended May 12 it got a sales boost thanks to a customer purchasing one of its rings for $400,000....
2019-05-31 20:00

Apparel retail earnings haven't been this bad since the Great Recession Apparel retailers' earnings, as a group, are down 24% for the first quarter of 2019, according to an analysis by Retail Metrics. The last time the group's earnings were this bad was the first quarter of 2008, when they fell 40%....
2019-05-31 20:00

Juul is exploring plans to open its own US retail shops E-cigarette maker Juul Labs is considering opening U.S. retail shops that would only admit adults, a person familiar with the situation told CNBC on Thursday....
2019-05-30 20:48

CEO Bob Iger doesn't think Disney is too reliant on 'Star Wars' Disney's CEO Bob Iger is confident the company's $1 billion investment in its new "Star Wars" theme parks will be a boon not only for its park division, but the beloved sci-fi franchise, too....
2019-05-29 23:48

Dick's Sporting Goods shares spike after earnings beat and outlook upgrade Shares of Dick's Sporting Goods jump after the sporting-goods retailer reports quarterly earnings that top analysts' estimates, and raises its full-year outlook....
2019-05-29 22:16

Canada Goose shares are cratering more than 25% on the luxury coat maker's weak sales outlook Canada Goose shares are falling after the high-end coat maker missed quarterly sales estimates and said it expects slower sales growth in the coming years....
2019-05-29 22:16

Abercrombie & Fitch CEO says smaller stores are the future (as it closes 3 of its largest stores) While Abercrombie & Fitch is planning to close three more of its flagship retail locations, it's opening additional smaller-format stores in a bid to keep traffic growing....
2019-05-29 22:16

Apparel retailers Canada Goose, Abercrombie & Fitch and others are getting whacked A handful of poor earnings reports and the threat of 25% tariffs on clothing imported from China is causing some retailers' stocks to take a beating....
2019-05-29 22:16

Foot Locker is kicked to the curb, and one technical analyst says it's on track for new lows Foot Locker got roughed up last week. Charts suggest it could see short-lived relief, but beware a fake rally, says Piper Jaffray's Craig Johnson....
2019-05-28 20:48

Casper, Kylie Jenner's billion-dollar mattress, could be an IPO market sleeper Over 800,000 Instagram likes from Kylie Jenner's followers does not alone make mattress start-up Casper worth billions, but recent hot performance of bedding companies and increased consumer spend could make the company's IPO a sleeper....
2019-05-26 21:01

Starbucks' China challenger Luckin Coffee shares fall below IPO price Shares of Luckin Coffee fell Wednesday morning, joining the likes of Uber and Lyft by dropping below its initial public offering price days after its debut....
2019-05-22 17:32

Lowe's tumbles as earnings fall short and forecast cut as higher costs weigh on results Lowe's shares plummeted 8% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the year, as higher costs weighed on results....
2019-05-22 13:32

Nike's 'inclusive' image at risk if it fails women athletes, brand experts say Olympic athlete Alysia Montano said when she told then sponsor Nike she wanted to have a baby during her career, the sports giant told her it would pause her contract and stop paying her. Experts say Nike's inclusive image could be at risk...
2019-05-21 16:16

Here's how we're different from Starbucks, says CFO of China's Luckin Coffee on IPO day The CFO China's Luckin Coffee says the tech-based beverage company's business model is setting itself apart from U.S. coffee giant Starbucks....
2019-05-21 16:16

Walmart gives a first look at its sprawling new home office in Bentonville Walmart is one step closer to moving into a new home office for more than 14,000 people, which will be outfitted with fitness centers for employees and their families, a child-care facility and more diverse dining options like food trucks....
2019-05-21 16:16

Men are a multibillion dollar growth opportunity for the beauty industry The men's personal care industry is predicted to hit $166 billion by 2022, according to Allied Market Research. Last year, men's skin-care products alone saw a more than 7% jump in sales, according to market researcher NPD Group....
2019-05-21 16:16

Kohl's lands deal with Fanatics to sell its licensed sports gear online Kohl's has signed a deal with Fanatics to sell a wide selection of items from the licensed sports retailer, including NFL jerseys and NBA T-shirts, on Kohls.com....
2019-05-21 16:16

Dozens of shoe retailers, including Nike and Adidas, sign letter to Trump urging a halt to tariffs More than 170 shoe retailers have penned a letter to the White House asking President Donald Trump to consider a halt to tariff increases on footwear imported from China....
2019-05-21 16:16

Nordstrom's massive department store for women set to open this October in New York Nordstrom has chosen Oct. 24 for the grand opening of its women's store in New York, the largest single-project investment in the company's history....
2019-05-21 16:16