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Latest News of The Day: Retail

05/23/2019

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