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Latest News of The Day: Retail

07/17/2019

The best Amazon Prime Day deals could be these ETFs Amazon Prime Day has market watchers hunting for deals on and offline, and ProShares strategist Simeon Hyman has a few suggestions for how to play the e-commerce boom....
17:00, 07/16/2019

Biggest Amazon Prime buy of all may start the day after the sale ends Amazon Prime Day is expected to set a new sales record for the online retail giant, bringing in close to $6 billion this week, but another big Amazon buy starts the day after its annual shopping event ends....
17:00, 07/16/2019

Amazon workers' Prime Day strike begins in Minnesota Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the first major strike of Amazon workers in the U.S. during Prime Day....
21:39, 07/15/2019

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....
17:26, 07/15/2019

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....
17:26, 07/15/2019

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....
16:13, 07/15/2019

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....
22:39, 07/14/2019

Fred's will close 129 stores and hold clearance sales. Here's a map of each location Discount retailer Fred's said it will close another 129 stores and hold clearance sales as the company works to repay debt and diversify its product selection....
18:39, 07/12/2019

Amazon Prime Day to test one-day delivery as value of sales could soar to as much as $6 billion Amazon Prime Day, which begins in just three days, will test the company's promise to provide one-day shipping for more than 10 million products on what may be a record-setting event....
18:39, 07/12/2019

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....
13:39, 07/12/2019

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....
13:39, 07/12/2019

Domino's Pizza faces new threat from delivery apps like UberEats and GrubHub, Morgan Stanley says Domino's built its business around a fleet of drivers who deliver hot pizzas fast. But outside delivery companies now pose a real threat to about 20% to 25% of Domino's locations....
18:13, 07/11/2019

Lululemon just opened a sprawling, 20,000-square-foot store in Chicago — here's what it looks like Lululemon on Thursday morning is opening its biggest store ever, in the Lincoln Park neighborhood of Chicago. You can do a lot more than just shop there....
17:26, 07/11/2019

American Eagle Outfitters is following rival Abercrombie & Fitch by getting into the CBD business Teen apparel retailer American Eagle Outfitters is following in rival Abercrombie & Fitch's footsteps by getting into the booming CBD business and partnering with Green Growth Brands....
14:39, 07/11/2019

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...
22:52, 07/10/2019

Back-to-school spending won't give retailers much of a boost this year, survey says Consumers shopping for back-to-school clothing, school supplies and electronics are expected to spend $27.8 billion this year, up just 1.8% from 2018, according to a new survey from Deloitte....
06:39, 07/10/2019

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....
00:52, 07/10/2019

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....
22:00, 07/09/2019

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....
00:13, 07/09/2019

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....
21:00, 07/08/2019

Sriracha maker loses lawsuit to its former jalapeno grower The maker of Sriracha hot sauce lost its legal battle with its former jalapeno supplier after a California jury awarded the pepper grower $23.3 million Wednesday....
21:52, 07/05/2019

Are Beyond Meat's plant-based burgers healthier than red meat? Dietitians say no. Beyond Meat touts the health benefits of plant-based meats, but dietitians say that meatless patties from Beyond and rival Impossible Foods aren't necessarily better than red meat....
16:26, 07/04/2019

Adidas' social media campaign backfires, sending out anti-Semitic tweets A social media campaign celebrating Adidas' new gear for the Arsenal soccer team in London went awry Monday, with the retailer sending out anti-Semitic tweets....
19:26, 07/02/2019

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....
09:00, 07/02/2019

Nike misses on earnings, but beats on revenues as customers buy more sneakers and sports gear Nike sold more sneakers and gear during the fiscal fourth quarter than Wall Street expected, helping to boost revenues by 4% to just over $10 billion....
06:39, 06/28/2019

Abercrombie & Fitch will sell Green Growth Brands' CBD products in more than 160 stores Abercrombie & Fitch is going to sell Green Growth Brand's CDB-infused body-care products like lip balms and sugar scrubs in more than 160 stores....
17:26, 06/27/2019

Rite Aid shares swing on earnings miss, Amazon partnership Shares of Rite Aid slid in premarket trading Thursday on disappointing quarterly earnings results as the drugstore chain struggles to prove itself as an independent company....
17:26, 06/27/2019

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....
17:00, 06/26/2019

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....
19:39, 06/24/2019

Dressbarn announces first store closures as part of plan to shutter all 650 locations Parent company Ascena Retail Group announced in May it planned to wind down Dressbarn and ultimately shut all 650 or so of the women's clothing stores in order to focus on its more profitable brands, like Ann Taylor and Loft....
21:00, 06/21/2019

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....
21:00, 06/21/2019

Elon Musk's flamethrower incenses New York lawmakers. State Senate passes bill banning the weapon The New York State Senate passed a bill to make possession of a flamethrower for recreational use a crime, specifically calling out Elon Musk and the Boring Company for their 'not a flamethrower' product....
19:00, 06/21/2019

YouTube rolls out augmented reality for viewers to virtually try on makeup YouTube will allow viewers to virtually try on makeup using an augmented reality program called AR Beauty Try-On. MAC Cosmetics is the first company to launch a campaign using it....
23:00, 06/20/2019

Vera Bradley acquires a majority stake online jewelry store Pura Vida Bracelets Vera Bradley announced Thursday it agreed to pay $75 million to buy a majority stake in Creative Genius, the owner of Pura Vida, an online seller of handmade bracelets....
17:26, 06/20/2019

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....
09:00, 06/20/2019

Target CEO Brian Cornell reiterates forecast, apologizes to customers for weekend outages Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors for several hours....
17:39, 06/19/2019

Retail executives say shoppers have all the power Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's Evolve Conference on Wednesday in New York....
17:39, 06/19/2019

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....
08:13, 06/19/2019

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....
18:13, 06/18/2019

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....
18:13, 06/18/2019

Target's stock drops after weekend register meltdown Target's nationwide cash register meltdown over the weekend created more than $16 million in buzz on the internet from news reports and other social media mentions, according to Apex Marketing....
19:00, 06/17/2019

US companies' message to Trump: Don't expand China tariffs Businesses, trade groups, and individuals have written to complain that tariffs would drive up prices for consumers, squeeze profits, and leave U.S. companies at a competitive disadvantage....
15:26, 06/17/2019

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...
15:00, 06/14/2019

Retailers RH, Oxford Industries plan to hike prices to soften the impact of China tariffs Retailers RH and Oxford Industries revealed major steps, including shifting production out of China and raising prices, to cushion the impact of the tariff hike on Chinese goods....
16:13, 06/13/2019

Jet.com President Simon Belsham to step down as Walmart eliminates role, further integrates with Jet Walmart also announced that Jet.com team leaders will now report to Kieran Shanahan, who's been overseeing Walmart's food, consumables and health-and-wellness divisions online....
06:13, 06/13/2019

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....
06:13, 06/13/2019

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....
04:52, 06/12/2019

Busiest US port hit by 7th straight month of export declines amid trade war America's top two busiest container ports, the Los Angeles and Long Beach, on Tuesday reported declines in export volumes in May amid an ongoing trade war with China....
04:52, 06/12/2019

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....
17:00, 06/11/2019

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....
18:00, 06/07/2019

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....
15:00, 06/07/2019

Walmart is going to start delivering groceries inside shoppers' homes Starting this fall, nearly 1 million people across three cities — Kansas City, Missouri, Pittsburgh and Vero Beach, Florida — will have access to Walmart's new in-home delivery option, the retailer announced Friday at its annual shareholders mee...
07:39, 06/07/2019

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....
00:00, 06/07/2019

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....
07:00, 06/05/2019

Nike may not have a lot to gain taking on Toronto Raptors' Kawhi Leonard over 'Klaw' logo The "Klaw" logo in question is an outline of the basketball star's hand that includes his initials and the number 2, which is his jersey number....
18:39, 06/04/2019

CVS to close some unprofitable stores as pharmacy chain looks to expand new HealthHUBs CVS Health signaled it may close more stores, even as it redesigns some of its locations to focus more on health services Tuesday at the company's investor day....
18:39, 06/04/2019

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....
19:52, 05/28/2019

Michael Avenatti pleads not guilty to ripping off book money from porn star Stormy Daniels Michael Avenatti pleaded not guilty to a charge of ripping off about $300,000 in book sales belonging to a former legal client, porn star Stormy Daniels. He is due to be arraigned later in connection with an alleged extortion effort against Nike....
19:52, 05/28/2019

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....
02:52, 05/27/2019

JP Morgan cuts ties with OxyContin maker Purdue Pharma Purdue, owned by the wealthy Sackler family, faces thousands of lawsuits claiming that the company marketed addictive painkillers while underplaying the risks of abuse and overdose....
03:39, 05/24/2019

Meet the 27-year-old set to be India's first woman to co-found a $1 billion start-up At 27, Ankiti Bose is already the CEO of online shopping site Zilingo, and on course to become the first Indian woman to co-found a $1 billion start-up....
11:26, 05/23/2019

Michael Avenatti indicted on charges of ripping off porn star Stormy Daniels, trying to extort Nike Controversial lawyer Michael Avenatti was indicted on charges of trying to extort athletic shoe giant Nike out of tens of millions of dollars by threatening to go public with embarassing information about the company....
21:13, 05/22/2019

Target CEO Brian Cornell says the winners and losers in retail are emerging Target's CEO thinks the retail industry is shaking out to show clear winners and losers. Those companies that are investing in stores and online are winners, he said....
17:39, 05/22/2019

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....
17:39, 05/22/2019

Kohl's shares sink 11% on earnings miss, retailer trims outlook Kohl's also for the first time in two years missed same-store sales expectations, with CEO Michelle Gass saying the year "started off slower than we'd like."...
13:39, 05/21/2019

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....
23:26, 05/20/2019

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....
23:26, 05/20/2019

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....
17:00, 05/18/2019

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....
16:13, 05/17/2019

This Chinese facial recognition start-up can identify a person in seconds Shanghai-based YITU Technology has gained wide recognition for its facial scan platform that can identify a person from a database of at least 2 billion people in a matter of seconds. The company made this year's CNBC Disruptor 50 list....
18:00, 05/16/2019

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...
18:00, 05/16/2019

Instacart and Whole Foods officially part ways, and the CEO says he's ready Instacart co-founder and CEO Apoorva Mehta says the company is ready for the split, and he is not looking at the IPO performance of other "unicorns" going public this year....
21:00, 05/15/2019

Despite Walmart's new next-day delivery move, some experts still like Amazon more Walmart' next-day delivery plan has Wall Street wondering if it can give Amazon a run for its money — but some experts say it's a tough comparison....
16:39, 05/15/2019

Walmart announces next-day delivery, firing back at Amazon Walmart's rollout of next-day delivery will begin in Phoenix, Las Vegas and Southern California this week, before reaching 75% of the country by the end of the year....
08:39, 05/14/2019

Chick-fil-A is thinking about adding a vegan entree to its menu Chick-fil-A is considering adding a vegan entree to its menu as investors and consumers continue to show their interest in plant-based meat substitutes from Impossible Foods and Beyond Meat....
22:13, 05/13/2019

Retailers, already planning for the 2019 holidays, expected to get whacked by tariffs Meanwhile, President Donald Trump has threatened to slap 25% tariffs on another $325 billion in Chinese goods that still remain untaxed, after Friday's hike. And that list of goods includes apparel, toys and footwear....
21:00, 05/10/2019

Victoria's Secret 'rethinking' annual fashion show, says network TV not 'right fit' Lingerie retailer Victoria's Secret says it's "rethinking" holding its annual fashion show and that broadcasting the event on network television isn't the "right fit."...
21:00, 05/10/2019

Edgewell's acquisition of Harry's is 'not a good comparison' to Unilever's Dollar Shave Club deal Edgewell's deal is the latest in a string of acquisitions that larger consumer and retail companies have made to spur growth and take advantage of the data that digitally launched brands have gathered on consumers....
21:13, 05/09/2019

Why every US company has a stake in Bed Bath & Beyond's heated boardroom war Bed Bath & Beyond's board of directors is now majority female, more diverse and younger. But its activist investors are worried they lack the relevant skills and retail experience they need to turn around the struggling retailer....
17:52, 05/09/2019

Walmart is opening dozens of veterinary clinics in its stores and launching an online pet pharmacy Walmart is opening up dozens more veterinary clinics in its stores and launching its first online pet pharmacy, hoping to lure more U.S. pet owners who are spending billions of dollars on their dogs and cats each year....
09:13, 05/07/2019

Check out the scenes from this year's Berkshire Hathaway shareholder meeting At the "Woodstock of Capitalism," shareholders posed for photos with oversized pop-ups of Warren Buffett, giant Heinz ketchup bottles and bought other Berkshire Hathaway-themed kitsch....
00:52, 05/07/2019

Sunscreens may enter bloodstream, but health effect unknown, study finds "Just because they are absorbed doesn't mean they are unsafe. That's why we are asking for additional data," the study author said, NBC News reports....
00:52, 05/07/2019

Trump's escalated trade war with China could hit California ports especially hard An escalation of U.S.-China trade tensions could deal a severe blow to California's ports and economy, potentially putting at risk thousands of jobs....
00:52, 05/07/2019

Starbucks is speeding up innovation at its Seattle research hub Since launching some six months ago, Starbucks has tested 133 unique projects at the Tryer Center, its innovation hub. More than 1,500 of its workers have come through the center to see what is being worked on or participate themselves....
16:13, 05/03/2019

Cramer reviews the top activist stories of 2019: eBay, Dollar Tree, Bristol-Myers, Bed Bath & Beyond "Sometimes, they reach an accommodation with management and it works. Other times they get involved in proxy fights ... and the trade falls apart," Jim Cramer says....
16:13, 05/03/2019

Home Depot CFO Carol Tomé to retire at the end of August She will be succeeded by Richard McPhail, the current senior vice president of finance control and administration. McPhail joined Home Depot in 2005....
23:26, 04/30/2019

Domino's CEO: 'Some random third party' won't deliver our pizza As competition with third-party delivery services heats up, Domino's CEO is rejecting the idea that the pizza chain should outsource its delivery....
19:13, 04/28/2019

Tyson Foods sold its stake in alternative protein company Beyond Meat Tyson Foods sold its stake in the alternative protein company Beyond Meat, which is expected to go public next week at a valuation of more than $1 billion....
19:13, 04/28/2019

Macy's shares rise 2% on report retailer may build office tower on top of flagship New York store Shares of retailer Macy's rose 2% Wednesday, following a report by Bloomberg that the retailer may build an office tower on top its flagship New York store....
19:13, 04/28/2019

CVS will bring hundreds of SmileDirectClub shops to its stores this year CVS Health will open "hundreds" of SmileDirectClub locations inside its stores this year, with plans to open more than 1,000 locations over the next two years, the drugstore chain announced Thursday....
19:13, 04/28/2019

Venmo has digital user base putting heat on Square and banks, but no plan to profit from it PayPal's Venmo is seeing huge growth, with 40 million users disclosed for the first time, but CFO John Rainey says the company is in no rush to generate profits from the millennial-focused, peer-to-peer payments app....
19:13, 04/28/2019

California governor signs internet sales tax law California's Democratic governor has signed a law requiring companies like Amazon and eBay to collect sales taxes on behalf of some out-of-state sellers....
19:13, 04/28/2019