Tag Archives: Retail industry

Mall of America in Bloomington, Minnesota. Ariana Lindquist | Bloomberg | Getty Images Mall of America has modified the terms of its $1.4 billion mortgage and is current on the loan, after missing months of payments during the Covid crisis as stores shut temporarily and tenants failed to pay rent. …

McDonald’s Crispy Chicken Sandwich and Deluxe Crispy Chicken Sandwich Source: McDonald’s McDonald’s will launch three chicken sandwiches in February as it tries to reach new customers with more poultry on its menu. Starting Feb. 24, consumers will be able to buy the Crispy Chicken Sandwich, Spicy Chicken Sandwich and the …

Walmart, the world’s largest retailer, wants to be your doctor, too. In September 2019 the company known for its “Everyday Low Prices” launched Walmart Health, a primary care clinic, at a store in Dallas, Georgia. The doctor-run clinic, the first of its kind for the big box retailer, offers services …

People walk through the Brookfield Place Pavilion at the World Trade Center West Concourse pedestrian transit connection in New York City. Getty Images Brookfield Asset Management said Monday it has made an offer to take its commercial real estate arm Brookfield Property Partners private in a $5.9 billion deal. The …

Chipotle Mexican Grill’s Cilantro-Lime Cauliflower Rice Source: Chipotle Mexican Grill Chipotle Mexican Grill on Monday began offering a cauliflower rice option to attract consumers trying to comply with their New Year’s resolutions. The rice substitute is made with grilled cauliflower, cilantro, lime and salt and will be available in U.S. …

A photo illustration of pirated music being illegally downloaded with the legal music service iTunes in the background on in London, England. Matthew Lloyd | Getty Images 2021 will be a very different year for the movie theater business. Studios, hoping to find ways of turning a profit on big …

A Regal Cinemas movie theater stands at night on 42nd Street in New York, U.S., on Tuesday, Oct. 6, 2020. Amir Hamja | Bloomberg | Getty Images A lot has changed in the entertainment industry in 2020. With the surge in coronavirus cases has come an increased uneasiness from audiences, …

Signage is displayed outside a JC Penney Co. store in Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images J.C. Penney CEO Jill Soltau, who was tapped to turn around the struggling department store, will leave the company Thursday. The company’s new owners, Simon Property Group and Brookfield Asset Management, …

People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The move toward a $15 minimum wage gained more ground in …

A shopper reaches toward a display of McCormick spices and flavorings in an Associated Supermarket in 2005. Bloomberg | Bloomberg | Getty Images Stuck-at-home Americans cooked gourmet sauces, tried new recipes and cleared spice racks during the pandemic. Those trends may permanently influence what people buy, crave and eat in …

When you think of free breadsticks, unlimited salad and pounds of pasta, one name comes to mind — Olive Garden. But the Italian eatery, known for its $5 take-home meal, has fallen on hard times as the coronavirus pandemic has wreaked havoc on the restaurant industry. In December, Darden Restaurants …

Designer Pierre Cardin poses during the Pierre Cardin Paris Haute Couture New Collection launch at Maxim’s on November 26, 2013 in Paris. Richard Bord | Getty Images Pierre Cardin, who during his more than seven decades in fashion brought geometric shapes to haute couture and put his name on everything …

The number of shipments coming through the nation’s busiest container port complex in Los Angeles is up substantially from the first half of the year, reflecting a rebound in business and shift in consumer habits. Port of Los Angeles Executive Director Gene Seroka in an appearance Monday on CNBC said …

When an announcement came in late November that Lauren Hobart would take the reins as chief executive at Dick’s Sporting Goods in early 2021, corporate America hit another major milestone for inclusivity that has been driven, in large part, by the retail industry. A record 41 female CEOs are soon …

Gal Gadot stars as Wonder Woman in “Wonder Woman 1984.” Warner Bros. “Wonder Woman 1984” soared into theaters on Christmas day and secured the highest box office opening of any film released domestically since the coronavirus pandemic crippled the entertainment industry in mid-March. On Sunday, Warner Bros. revealed that the …

The chart shows U.S. restaurants’ weekly Source: UBS Evidence Lab U.S. restaurant revenue is falling as takeout and delivery orders fail to make up for lost dine-in sales. UBS Evidence Lab found that dine-in restaurant sales plunged 69% in the week ended Nov. 29. In that same week, takeout and …

Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put …

A visitor tries a plant-based meat substitute product at the Restaurant & Bar and Gourmet Asia expo at the Hong Kong Convention and Exhibition centre in Hong Kong on November 11, 2020. Peter Parks | AFP | Getty Images SINGAPORE — Demand for meat alternatives has grown and will continue …

There may be increased spending on gift cards this holiday season, and that may help boost retail sales next year, former Walmart U.S. President and CEO Bill Simon told CNBC on Thursday. Payment service Blackhawk Network found in a survey that shoppers anticipated spending, on average, about $313 on gift cards around …

Academy Sports & Outdoors store in Orlando, Florida. Google Earth Academy Sports & Outdoors’ more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers still didn’t feel comfortable coming inside to buy camping gear …

Michael Rubin, executive chairman of online sports apparel giant Fanatics, told CNBC on Wednesday that retail sales this holiday season have been negatively impacted by shipping challenges. “There’s been so much pressure on the different shipping networks to deliver, I think there was even more demand that could have been …

A man bangs a spatula against a pot to show gratitude to medical workers from Lenox Hill Hospital as part of the nightly #ClapBecauseWeCare during the coronavirus pandemic on May 07, 2020 in New York City. Cindy Ord | Getty Images In the spring, cheers, claps and clanging pots and …

The Container Store has named a replacement for outgoing CEO Melissa Reiff, who told CNBC’s Jim Cramer Tuesday that she is optimistic about the transition. Satish Malhotra, a veteran executive of personal care retailer Sephora, is set to begin leading the storage and organization products retailer, come February. “There’s never …

Chipotle Mexican Grill CEO Brian Niccol said Tuesday that the company will “strongly encourage” employees to receive the coronavirus vaccine. The Centers for Disease Control and Prevention recommended that foodservice workers are placed next in line to receive the inoculation during phase 1c of vaccine distribution. They fall behind the …

Punch Bowl Social on Broadway in Denver, November 01, 2016. Andy Cross | Denver Post | Getty Images Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business. As recently as February, the once-buzzy “eatertainment” chain looked to be the future of the …

Shannon Stapleton | Reuters Peloton shares rose to a record Tuesday after the company announced plans to buy exercise equipment manufacturer Precor for $420 million. In early trading Tuesday, the stock was at an intraday record of $160.56, up 11.2% from Monday’s close of $144.39. Telsey Advisory Group analyst Dana …

Former Macy’s CEO Terry Lundgren told CNBC on Monday he expects coronavirus pandemic-related disruption for the retail industry to persist well into next year, leading potentially to more store closures. “We’re not done yet. … We’re going to learn even more when we get through the holiday season,” Lundgren said …

Peloton shares soared Monday after the company announced it plans to acquire the exercise equipment manufacturer Precor for $420 million, in a bid to speed up production of its cycles and treadmills and meet its promised delivery windows. Its stock jumped more than 8% in after-hours trading. Demand for Peloton’s …

A woman wearing a mask carries shopping bags through the snow near Bryant Park on December 17, 2020 in New York City. New York City received 6 to 8 inches of snow in an overnight storm that resulted in local power outages and transportation delays during the first North Eastern …

Shoppers, some wearing PPE (personal protective equipment), of a face mask or covering as a precautionary measure against COVID-19, queue to enter a recently re-opened Nike store at Gunwharf Keys shopping centre in Portsmouth, southern England on June 16, 2020. Adrian Dennis | AFP | Getty Images Nike shares jumped …

A woman carries Nike shopping bags at the Citadel Outlet mall, as the global outbreak of the coronavirus disease (COVID-19) continues, in Commerce, California, U.S., December 3, 2020. Lucy Nicholson | Reuters Nike on Friday reported quarterly sales and earnings that topped analysts’ estimates, driven by triple-digit growth online in …

Mannequins stand next to merchandise displayed for sale at a Dick’s Sporting Goods Inc. store in West Nyack, New York. Craig Warga | Bloomberg | Getty Images Dick’s Sporting Goods is teaming with Instacart to offer same-day delivery from more than 150 stores, in states including Georgia, Maryland, New Jersey, …

Customers arrive at an Olive Garden location in San Antonio, Texas. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants on Friday reported quarterly revenue that fell short of analysts’ expectations as another wave of pandemic-related dining restrictions weighed on its same-store sales. For next quarter, typically its best of the …

A healthcare worker at the Portland Veterans Affairs Medical Center receives COVID-19 a vaccination on December 16, 2020 in Portland, Oregon. The first rounds of Pfizer’s vaccine were administered in Oregon on Wednesday. Nathan Howard | Getty Images For nursing homes across the country, the coronavirus pandemic has been especially …

At Home CEO Lee Bird on Thursday told CNBC’s Jim Cramer that business has grown exponentially during the pandemic and that the company has expansion plans on the horizon. While the home decor superstore invests in building out its digital presence, the company continues to see opportunity in physical stores, …

Cans produced for Coca-Cola Co.’s Coke drink move along the production line. Chris Ratcliffe | Bloomberg | Getty Images Coca-Cola will cut about 2,200 jobs in its global workforce as part of a broader restructuring plan that was accelerated by the coronavirus pandemic. In the United States, Coke will use …

People look at the holiday decorations in the window displays at the Country store on Main Street in Stockbridge, Massachusetts on December 13, 2020. Joseph Prezioso | AFP | Getty Images Procrastinators still abound this holiday season, a new survey finds, despite retailers ranging from Target to Best Buy trying …

The retail industry, buffeted by the devastating impacts of the Covid pandemic, is being forced to redefine the role of the of the brick-and-mortar store. The fallout felt around the world from the global health crisis has accelerated several trends: People flocked to the web at unprecedented levels to order …

Adidas CEO Kasper Rorsted told CNBC that the German sportswear company will continue to invest in brick-and-mortar stores, despite the boom in e-commerce sales during the coronavirus pandemic. “There’s no doubt that online has accelerated two to three years into the future … but I actually think if you asked …

As holiday shoppers browse store aisles, wait in checkout lines and get carried away by the twinkle of Christmas tunes, they often toss extra items into their basket. A box of chocolates. A tube of lip gloss. Or the perfect gift for a friend or family member that wasn’t originally …

Salad restaurant chain Sweetgreen will open its first location with a drive-thru lane and ordering from parking spots next year as it expands beyond cities into suburban America. It joins the flood of restaurant companies that have unveiled new designs inspired by the coronavirus pandemic. Fast-food chains like Yum Brands’ …

Shoppers on Regent Street in central London. Dominic Lipinski – PA Images | PA Images | Getty Images LONDON — The coronavirus crisis has caused serious challenges for many retailers this year with the holiday shopping season seen as their last chance to pull in much-needed sales. In the U.K, …

Lululemon Athletica CEO Calvin McDonald in an appearance on CNBC Tuesday said he does not expect the company’s sales momentum to slow down with the arrival of Covid-19 vaccines “We don’t see any dramatic impact in the reduction of the momentum in the business … there are a lot of …

Businessman Peter Nygard arrives at Norby Walters’ 26th Annual Night Of 100 Stars Oscar Viewing at The Beverly Hilton Hotel on February 28, 2016 in Beverly Hills, California. Mintaha Neslihan | Anadolu Agency | Getty Images Federal prosecutors in New York have charged Canadian fashion mogul Peter Nygard in connection …

Amazon.com Inc. packages sit in front of a FedEx Corp. delivery truck in New York. Christopher Lee | Bloomberg | Getty Images Haven’t ordered all of your holiday gifts, yet, and thinking about buying online? You might want to think again. If it was any other year, shoppers typically have …

A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images More than $766 billion in sales is up for grabs this holiday season, amounting to as much as a 5.2% jump from 2019 levels, …

Costco CEO Craig Jelinek told CNBC on Monday that the company’s physical stores will remain critical going forward, even though the wholesale retailer saw a surge in e-commerce sales during the coronavirus pandemic. “Our overall online business will continue to grow. Will we get tricky? No, we won’t,” Jelinek said …

Health-care workers across the U.S. received Covid-19 vaccinations Monday, the first Americans to do so outside of a clinical trial.  It will still be several months, however, before the average person can walk into their local drugstore or grocery store and receive the vaccine. In interviews with CNBC, Walgreens and …

New sneakers, a MacBook, a Peloton — you can pay for almost anything in installments these days. Like the layaway plans of old, but now called point-of-sale loans, “buy now, pay later” lets shoppers break their purchases into equal installment payments without interest or fees, even using a debit card, …

Signage is displayed outside of a Bed Bath & Beyond Inc. store in Los Angeles, California, U.S., on Monday, Sept. 19, 2016. Patrick T. Fallon | Bloomberg | Getty Images Bed Bath & Beyond said Monday that it will sell Cost Plus World Market as it aims to stabilize sales …

Popeyes’ Chocolate Beignets Popeyes Louisiana Kitchen Popeyes Louisiana Kitchen is adding chocolate beignets to its menu nationwide to lure consumers to its restaurants during the holiday season. The item is part of a broader menu strategy from the fried chicken chain, which is owned by Restaurant Brands International, to more …

Shoppers were faced with partially empty shelves at a supermarket in London on March 14, 2020 when the coronavirus outbreak led to stockpiling. JUSTIN TALLIS | AFP | Getty Images British grocery stores are stockpiling food amid the possibility of a no-deal scenario as Brexit trade deal negotiations between the …

A pharmacist helps a customer at a Walgreens pharmacy in Wheeling, Illinois. Getty Images Walgreens said it expects to get its first doses of the Covid-19 vaccine on Dec. 21 and start giving shots to nursing home residents and staff members in the days leading up to Christmas. The national …

Bob Chapek, CEO of the Walt Disney Company and former head of Walt Disney Parks and Experiences, speaks during a media preview of the D23 Expo 2019 in Anaheim, California, Aug. 22, 2019. Patrick T. Fallon | Bloomberg via Getty Images Disney’s streaming service Disney+ continues to gain subscribers. On …

Lululemon Athletica store exterior, Ponce City Market. John Greim | LightRocket | Getty Images Lululemon on Thursday reported sales of $1.1 billion, up 22% from a year ago and beating analysts’ estimates, as shoppers frequented the retailer’s stores and website to buy workout apparel during the period. In North America, …

A worker collects shopping carts at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales for the same period as the effects of the coronavirus …

Jay-Z’s got 99 problems but launching a pot brand ain’t one. Shawn “Jay-Z” Carter — the billionaire rapper and global business mogul behind a multitude of successful companies including D’Usse cognac, streaming service Tidal and entertainment firm Roc Nation — can now add premium cannabis brand Monogram to his portfolio. …

CVS Health Chief Executive Larry Merlo said the company is ready to administer “vaccines into the arms of some of our most vulnerable populations” within 24 to 48 hours upon receiving its share of Covid-19 vaccines. “We’re ready to go. We’re in great shape and as I mentioned, people are …

Taylor Swift performs onstage during the 55th Academy of Country Music Awards at the Grand Ole Opry on September 16, 2020 in Nashville, Tennessee. ACMA2020 | Getty Images Entertainment | Getty Images Taylor Swift has been inspired and productive during the pandemic. The superstar singer revealed Thursday via Twitter that …

Chobani Probiotic yogurt Chobani Chobani is jumping on the probiotics trend with three new yogurt-focused product lines that claim to boost gut health and immunity. The privately held company is the No. 1 maker of Greek yogurt, but it’s been expanding its product offerings as yogurt consumption has stagnated, adding …

A DoorDash Inc. delivery person places an order into an insulated bag at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images After DoorDash’s first day on the market, it’s clear that investors are more excited about the food delivery company than they are any of …

A Starbucks employee wears a facial covering while working in Dallas, Texas. Ronald Martinez | Getty Images Starbucks customers are enjoying their holiday coffee drinks now, but the chain announced a new drink to bring customers back to its cafes this spring: the shaken iced espresso. The beverage will be …

People wear protective face masks outside Starbucks in Union Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 29, 2020 in New York City. Noam Galai | Getty Images Starbucks said Wednesday that it expects to hit its long-term …

Mellody Hobson and George Lucas attend the 2017 LACMA Art + Film Gala Honoring Mark Bradford and George Lucas presented by Gucci at LACMA on November 4, 2017 in Los Angeles, California. JB Lacroix | WireImage | Getty Images Starbucks said Wednesday that Mellody Hobson will serve as the next …

Shoppers patronage Lowe’s home-improvement store on May 20, 2020 in Farmingdale, New York. Bruce Bennett | Getty Images Lowe’s said Wednesday it expects sales to grow by about 22% next year, as its turnaround efforts gain momentum, and it gets a boost from the popularity of home improvement projects during …

Pet food supplier Chewy on Tuesday reported better-than-expected results in the company’s third fiscal quarter, in which it saw another surge in business amid the coronavirus pandemic. Chewy reported a 45% growth in revenue in the quarter ended Nov. 1, the third consecutive three-month period of a nearly 50% increase …

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties With winter looming, America’s mall owners face troubling days ahead in the global health crisis, according to a new report from S&P Global Market Intelligence. As the Covid pandemic worsens, and cases and hospitalizations keep climbing to new records in the U.S., …

The GrubHub app Andrew Harrer | Bloomberg | Getty Images Grubhub is giving restaurants new tools for commission-free orders as more states and cities force eateries to turn once again to delivery and takeout for survival. In the wake of the coronavirus pandemic, Grubhub has seen its orders soar, growing …

Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares soared Monday, after the company reported a surprise profit and revenue growth of 10% from a year ago. Its stock was last up more than 33% in after-hours …

With a record amount of returns projected to flow back to retailers this holiday season and in the coming years, the United States is going to need more warehouse space to handle them, according to a new report. As much as $70.5 billion worth of holiday purchases this year are …

Signage for Francesca’s Collections, a subsidiary of Francesca’s Holdings Corp., is displayed outside of a store in Shrewsbury, New Jersey. Emile Warnsteker | Bloomberg | Getty Images The apparel chain Francesca’s is now planning to shut an additional 97 locations which comes after its recent filing for bankruptcy protection, according …

Rubin Ritter, member of the management board at Zalando SE, gestures whilst speaking during an interview at the online retailer’s technology headquarters in Berlin, Germany, on Monday, Sept. 26, 2016. Krisztian Bocsi | Bloomberg via Getty Images LONDON — A co-CEO of Europe’s largest online fashion and lifestyle site has …

Voluspa scented candles for sale at Bloomingdale’s Inc. flagship department store in New York, U.S., on Wednesday, Oct. 21, 2020. Nina Westervelt | Bloomberg | Getty Images Perfume and cologne are typically popular holiday gifts. This year, however, the beauty industry is getting a boost from a different kind of …

A McDonald’s Happy Meal. Emile Wamsteker | Bloomberg | Getty Images McDonald’s plans to pass along more fees to franchisees next year, risking the wrath of its U.S. operators. Starting in January, the fast-food chain will stop paying out a $300 subsidy per month at each restaurant for Happy Meals, …

A waiter wearing a mask stands outside the Da Gennaro restaurant in Little Italy on November 15, 2020 in New York City. Alexi Rosenfeld | Getty Images The restaurant industry lost jobs for the first time since April as new restrictions to fight the coronavirus pandemic weighed on sales at …

An employee looks for items in one of the corridors at an Amazon warehouse. Carlos Jasso | Reuters The November jobs report showed that the pandemic-induced surge in e-commerce spending is spilling over into holiday hiring trends. The warehousing and transportation segment added 145,000 jobs last month on a seasonally …

“Squawk Box” co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated on-air debate Friday over coronavirus restrictions, a back-and-forth that mirrored the ongoing divide among many Americans throughout the pandemic and the derisiveness of the presidential race. The intense disagreement over lockdowns between Sorkin and …

The Cheesecake Factory is coming to New York City. George Rose | Getty Images The Securities and Exchange Commission has charged and settled with the Cheesecake Factory for misleading investors with its Covid-19 disclosures. This is the first time that the regulator has charged a company for misleading investors about …

Pedestrians cross a street in front of a Petco Animal Supplies Inc. store in New York, U.S., on Wednesday, Sept. 9, 2020. Angus Mordant | Bloomberg | Getty Images Petco Health and Wellness has filed an S-1 for an initial public offering as consumer spending on pets rises during the …

A protester outside the White House urges the United States to take action to stop the oppression of the Uyghur and other Turkic peoples, on August 14, 2020 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A Chinese dissident has targeted three American corporations after a …

John Williams, left, and his dad Terry, right, both of Salem, carry a large Christmas Tree out of the field together at Tucker Tree Farm in Salem, Oregon, November 29, 2020. Alisha Jucevic | Reuters Tree retailers are having a spirited season this year, as Americans staying closer to home …

A line forms outside of the Walmart in Quincy, MA on April 4, 2020 as the store implements new restrictions on capacity during the coronavirus pandemic. People wait outside wearing masks and distanced apart. Boston Globe | Boston Globe | Getty Images Walmart said Thursday it will pay another pandemic-related …

The most complete collection of Supreme T-shirts is being offered for sale at Christie’s for about $2 million, highlighting the soaring value of the luxury streetwear brand and the growing importance of a new generation in the collectibles world. The T-shirt collection is the only complete set of Supreme’s “box-logo” …

Grammy Award-winning artist Ciara has launched a new fashion company alongside her husband, NFL star Russell Wilson, and former Lululemon CEO Christine Day. But the brand, called the House of LR&C, has a mission beyond just the clothes it sells, Ciara and Day told CNBC on Wednesday. “We’re not only …

Doug McMillon, CEO of Walmart. Adam Jeffery | CNBC Walmart CEO Doug McMillon said the discounter wants to grow its new membership program, Walmart+, but won’t sacrifice customer experience for subscriber numbers. “One of the worst things we could do would be to sell a bunch of Walmart+ memberships and …

A DoorDash Inc. delivery bag sits on the floor at Chef Geoff’s restaurant in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images One of the last holdouts against third-party delivery has caved. On Wednesday, DoorDash announced that Jimmy John’s restaurants across the U.S. will be added to its delivery …

The company that has given Pier 1 Imports, Dressbarn and Modell’s Sporting Goods a second chance at life online is adding another embattled retailer to its empire: Stein Mart. Miami-based Retail Ecommerce Ventures has emerged as the winner of a bankruptcy court auction for the intellectual property of Stein Mart. …

A Walmart package is unloaded from a trailer to be sorted at a FedEx ground hub in Hagerstown, Maryland. Andrew Harrer | Bloomberg | Getty Images Walmart said it will drop its online shipping minimum for customers who belong to its membership program, Walmart+. Starting Friday, Walmart+ members will get …

Josh Tetrick, CEO of Eat Just, had at least one thing to be grateful for this Thanksgiving: Regulators in Singapore had issued the company the world’s first approval for its cultured meats. The decision paves the way for Eat Just, which is best known for its plant-based egg substitute, to …

Randy Garutti Cameron Costa | CNBC A rendering of Shake Shack’s drive-up window Source: Aria Group Shake Shack was one of the first restaurant chains to unveil restaurant designs inspired by habits its customers adopted during this year’s health crisis. In May, it debuted the “Shack Track,” which has drive-up …

A person wears a face mask while carrying shopping bags in Columbus Circle on November 28, 2020 in New York City. Noam Galai | Getty Images Fewer holiday shoppers bought gifts during the five-day holiday shopping period from Black Friday to Cyber Monday and those who did spent less as …

An independent contractor to FedEx Corp. unloads packages from a delivery truck on Cyber Monday in New York, U.S., on Monday, Dec. 2, 2019. Michael Nagle | Bloomberg | Getty Images Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the largest U.S. online shopping day …

The Sephora shops will be about 2,500 square feet in size, offering the same services found at Sephora today and located at the front entrance of Kohl’s. Source: Kohl’s Sephora will open hundreds of beauty shops inside Kohl’s stores in coming years in a deal that rivals Target’s recent partnership …

The most-searched term on e-commerce site Etsy this year is “personalized gifts,” CEO Josh Silverman told CNBC on Monday. It is even more popular than queries for masks, a category that was virtually nonexistent on Etsy this year before the coronavirus pandemic caused a boom in sales, Silverman said in …

People walk through the King of Prussia mall, on Black Friday, in King of Prussia, Pennsylvania. Sarah Silbiger | Reuters Instead of rushing to malls, Black Friday shoppers largely headed to retailers’ websites this year. The deal-heavy holiday came in the middle of a sales season that began in October …

An employee wearing a protective mask scans a package at an Amazon.com Inc. fulfillment center in Kegworth, U.K., on Monday, Oct. 12, 2020. Chris Ratclifre | Bloomberg | Getty Images Cyber Monday will put retail websites and warehouses to their biggest test yet. The industry is bracing for what is …

Holiday shopping doesn’t need to break the bank. More shoppers are expected to choose online shopping this holiday season amid the Covid-19 pandemic. But other dangers lurk online, and most shoppers are not aware that they could be putting their personal financial data at risk. A majority of shoppers — …

The Curry Brand’s performance basketball footwear will launch globally on Dec. 11, in the thick of the holiday season. Source: Under Armour Under Armour announced Monday the launch of the Curry Brand with NBA star Stephen Curry, a long-time Under Armour athlete, in a bid to reach younger consumers and …

Chioptle is testing smoked brisket in select markets. Chipotle Mexican Grill Customers could soon have another meat option at Chipotle Mexican Grill: smoked brisket. The chain said Monday that it’s testing the meat at participating locations in Cincinnati and Sacramento for a limited time. The brisket is seasoned with a …

Shoppers walk past an Apple Store at Franklin Park Mall during Black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. SOPA Images | LightRocket | Getty Images Traffic at stores on Black Friday fell by 52.1% compared with last year, as Americans …

People visit at the Shops at Hudson Yards during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Spending online on Black Friday this year surged nearly 22% to hit a new record, according to data from Adobe Analytics, as the …

Customer Tamara Jenkins tries on a hat with Meeka Robinson Davis, owner of One-Of-A-Kind Hats, as Davis’ daughter Chrstiana Davis looks on, at the store in the Windsor Hills neighborhood of Los Angeles, California, November 24, 2020. Patrick T. Fallon | AFP | Getty Images Holiday shoppers are not only …

People look at jewelry at Macy’s Herald Square during early opening for the Black Friday sales in Manhattan, New York, November 27, 2020. Eduardo Munoz | Reuters Online sales on Black Friday are on track to reach a record high this year, as bargain hunters combed websites for deals and …

This year’s Black Friday is shaping up to be much different than usual. The Covid-19 pandemic’s impact on the retail sector and particularly brick-and-mortar stores was on full display Friday as deal-hungry shoppers opted to surf the web instead of hitting the mall for sales. Former Saks CEO Steve Sadove …

Hardly any lines. Empty parking lots. More employees than customers in stores. These are just some of the scenes playing out across the United States the morning of Black Friday 2020, a shopping holiday that in the past has drawn hoards of people to stores to score doorbuster deals before …

The coronavirus pandemic caused retailers to shift their approach to the holiday shopping season, opening the promotional window for Black Friday deals much earlier than years past. And some in the retail industry believe the adaptions may become standard practice going forward. “We’re seeing a fundamental change in the promotional …

A shop window with discount signs posted is seen in New York on Thanksgiving ahead of Black Friday on November 26, 2020. Kena Betancur | AFP | Getty Images Some shoppers may be avoiding stores during the coronavirus pandemic, but they’re still putting many items in the virtual shopping cart. …

One of November’s worst performers could soon see a sustained comeback. That was two traders’ takeaway from a review of some of the month’s biggest S&P 500 laggards, including but not limited to: The above declines are as of Wednesday’s close. “Several of these turkeys … have definitely violated uptrends …

A stretch of stores along the base of Munjoy Hill had open signs out and were ready for business as part of small business Saturday, November 28, 2015. Gabe Souza | Portland Press Herald | Getty Images As holiday shopping gets into gear this weekend, its uncertain how Small Business …

The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of athletic gear paired with other comfy clothes front and center. …

Americans’ interest in outdoor activities blossomed this year as consumers sought health-conscious ways to spend the time during the coronavirus pandemic. Boat, RV and camping-related sales, like car sales, have surged, despite the pandemic-induced recession, and it has led to higher sales in outdoor attire and other equipment for retailers …

Tiffany & Co. gift boxes seen in a store window. Alex Tai | SOPA Images | LightRocket | Getty Images Many Americans are spending their days working from home in leggings and casualwear during the coronavirus pandemic. They have few, if any, parties or gatherings where they dress up — …

This year, instead of the traditional turkey, Nicole Beckler’s Thanksgiving table will feature two Cornish hens: the perfect sized birds for a dinner for two. Beckler, a travel agent based in Florida, downsized her dinner after deciding against flying to New Jersey to celebrate the holiday with her family. “Since …

Neiman Marcus now offers a virtual gift advisor service, and an in-store concierge service, to help customers pick out items on their wish lists. Source: Neiman Marcus Santa Claus will be busy delivering packages curbside, by appointment, at Neiman Marcus this holiday season. This is just one of the initiatives …

A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images L Brands announced Wednesday a new head of its Victoria’s Secret lingerie business, as it works to revive the brand. Effective immediately, the …

‘Tis the season to shore up your savings. In the days leading up to Black Friday, financial experts caution against overspending, particularly amid an economic crisis due to the coronavirus pandemic — and consumers are listening. One campaign, called “In the Black Friday,” spearheaded by the National Financial Educators Council, …

With consumers stuck at home ordering pizza, you might think Pizza Hut’s sales would be soaring. Since the start of the coronavirus pandemic, pizza makers that have their delivery game in place and digital assets in order have seen big gains. Pizza Hut’s U.S. business has benefited from the trend, …

Pedestrians pass in front of a Nordstrom Inc. store in the Midtown neighborhood of New York, on March 20, 2020. Gabby Jones | Bloomberg | Getty Images Nordstrom shares got a lift Tuesday after the department store reported that its third-quarter sales picked up more than analysts had anticipated, suggesting …

A Gap store in New York, August 2, 2020. Scott Mlyn | CNBC Gap Inc. shares fell Tuesday after the company reported fiscal third-quarter earnings that fell short of expectations, as higher spending on marketing offset sales gains at Old Navy and Athleta, while the company’s namesake and Banana Republic …

A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty Images Investors have closely watched retailers who sell home improvement …

Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving. Instead of one-day doorbuster deals, retailers like Walmart and Home Depot have been rolling out discounts in the days, or even weeks, ahead of the official start of the holiday season. And …

Pedestrians are reflected in the window of an Abercrombie & Fitch store in New York. Craig Warga | Bloomberg | Getty Images The possibility that Abercrombie & Fitch will face additional rounds of temporary store closures due to rising Covid-19 cases sent the retailer’s shares down Tuesday, despite it reporting …

David McInerney, CEO, FreshDirect Source: CNBC FreshDirect customers have nothing to fear after the company was bought by the Dutch owner of Stop & Shop and Food Lion, the grocery delivery service’s CEO said Tuesday. Ahold Delhaize and Centerbridge Partners, a private equity firm, announced Wednesday that they would be …

Best Buy’s third-quarter earnings soared past Wall Street’s expectations but shares dropped more than 5% in premarket trading Tuesday, as the retailer warned of tailwinds from higher shipping costs, inventory challenges and lower-margin holiday sales. The retailer declined to provide an outlook for the fourth quarter — a significant period …

Dick’s Sporting Goods on Tuesday announced its current president, Lauren Hobart, is set to succeed Ed Stack as chief executive on Feb. 1. Stack, 65, will transition to executive chairman and remain chief merchant, the company said in a news release. He took over the business from his dad in …

With Thanksgiving nigh, CNBC’s Jim Cramer on Monday revealed a seasonal pattern that investors can consider playing leading into the Christmas holiday. The closing months of each year are defined by the holiday shopping rush, and Cramer expects the close of 2020 will be no different, despite the coronavirus pandemic. …

An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images For some grocery workers who stock shelves and check out customers, the past few weeks have felt like deja vu. Hand sanitizer and masks are in short supply. Some customers …

Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish to 2020, despite all of the challenges that the coronavirus …

People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way through crowded aisles to get a jumpstart on their holiday …

Retail earnings are ramping up this week. Urban Outfitters reports on Monday, a day before Best Buy, Dick’s Sporting Goods, Abercrombie and Fitch, Dollar Tree, Nordstrom, Gap and American Eagle Outfitters. All of their stocks are in the green year to date except for Nordstrom, which is down almost 48%. …

A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety about shopping in stores and enclosed malls is only escalating, …

Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow palettes and facial scrubs will be the next big thing …

Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in that time period. But Ryan Cohen, the former CEO of …

When the coronavirus pandemic hit, many Americans not only switched to working remotely and cooking more meals. They began checking off tasks on the “to do list,” from painting walls to replacing old appliances. Home Depot and Lowe’s reported that appetite for home improvement continued in the third quarter, as …

Covid-19 crackdowns are cutting into U.S. equity returns. Recent upticks in U.S. coronavirus case counts weighed on the major averages Thursday, with the Dow, S&P 500 and Nasdaq Composite eking out modest gains in afternoon trading after sustaining losses earlier in the session. Market analysts were looking longer term at …

Cars drive past a Walmart store in Washington, DC, on August 18, 2020. Nicholas Kamm | AFP | Getty Images Walmart and McDonald’s are among the top employers of beneficiaries of federal aid programs like Medicaid and food stamps, according to a study by the nonpartisan Government Accountability Office. The …

People sit as Macys shopping bags are placed on a table at Herald Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on August 20, 2020 in New York City. The fourth phase allows outdoor arts and entertainment, sporting events without …

People walk past a Macy’s store in a Manhattan shopping district on August 12, 2020 in New York City. Following a massive drop in tourism due to the Covid-19 pandemic and a work culture that increasingly keeps people at home, New York City is seeing a large exodus of chain …

A worker stands inside Starbucks in midtown during the coronavirus pandemic on May 20, 2020 in New York City. Noam Galai | Getty Images Starbucks is raising hourly wages for its baristas as the restaurant industry braces for a higher minimum wage when President-elect Joe Biden takes office. Starting Dec. …

“Hosting? Plan a super spread,” reads a full-page advertisement printed in Giant Food’s Savory magazine. Source: Giant Supermarket A grocery store chain in the mid-Atlantic region is apologizing for an unfortunate blunder with a Thanksgiving advertisement printed in the latest edition of its magazine. “Hosting? Plan a super spread,” reads …

A shopper visits a Lowe’s hardware store in Philadelphia, Pennsylvania, November 4, 2020. Mark Makela | Reuters Lowe’s shares fell Wednesday after the home improvement retailer reported third-quarter earnings and a profit outlook slightly short of estimates, weighed down by higher labor costs and investments in its e-commerce business. Its …

Target CEO Brian Cornell said customers may come to its store with a short shopping list or a particular item in mind, but they’re filling up their baskets and leaving with many purchases. “We’re seeing a guest who’s shopping all of our categories, taking advantage of our one-stop solution,” Cornell …

Target reported Wednesday fiscal third-quarter earnings that easily outpaced analysts’ estimates as the discount retailer won market share by turning shoppers’ pandemic habits into lasting gains. The company said it grabbed market share across all of its core categories, from apparel to beauty. Year to date, it has won $6 …

A view of a person wearing mask passing by a Macy’s in Herald Square amid the coronavirus (COVID-19) outbreak on March 24, 2020 in New York City. John Nacion | NurPhoto | Getty Images The stage is set for China to become the world’s biggest luxury market by 2025, according …

CNBC’s Jim Cramer on Tuesday tried to make sense of the declines in Home Depot and Walmart shares after the retail juggernauts posted third-quarter results that topped Wall Street estimates. Wall Street received a “pair of stellar quarters from Home Depot and Walmart … some of the best numbers I …

EA Sports M21 Madden 21 video game Source: EA Sports It was supposed to be a star-studded event in Las Vegas. Instead, the 2021 Pro Bowl will take place virtually, with players going head-to-head in Electronic Arts’ Madden NFL ’21 video game, the league announced on Tuesday. In a sign …

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images First comes the holiday season, then the flood of returns. With e-commerce sales exploding during the coronavirus pandemic, retailers may see more returns than ever before. After all, shoppers do not …

Walmart CEO Doug McMillion said Tuesday that customers are loading up on items like toilet paper again as coronavirus cases rise — but he said the retail giant is better prepared to keep up. “It feels to me like we’ll work through this period of time better than we did …

Pharmacy stocks fell sharply on Tuesday after Amazon launched its new Pharmacy offering, which includes online ordering and delivery for prescription drugs. Dow Jones Industrial average member Walgreens Boots Alliance dropped more than 11% in premarket trading. CVS Health shares lost over 8%. Shares of Rite Aid fell 12.8%, while …

A shopper prepares to pay for items at a Kohl’s department store in Peru, Illinois, May 16, 2019. Daniel Acker | Bloomberg | Getty Images Kohl’s on Tuesday reported a 13.3% decline in quarterly net sales, as the coronavirus pandemic limited the number of people visiting its stores to buy …

Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Scott Olson | Getty Images Walmart reported third-quarter earnings on Tuesday that topped Wall Street’s expectations as customers continued to shop online and sent U.S. e-commerce sales soaring by 79%. The discounter said customers are embracing the …

A customer wears a protective mask while unloading purchases off a cart outside a Home Depot Inc. store in Reston, Virginia, on Thursday, May 21, 2020. Andew Harrer | Bloomberg | Getty Images Home Depot is set to report third-quarter earnings on Tuesday before the market opens as the retailer …

Earnings season turns its focus to retail this week. Dow stocks Home Depot and Walmart join Lowe’s, Macy’s and Kohl’s with reports out in the next few days. Those releases will shine a light on consumer spending during the pandemic. “If you look at the places where [consumers] are spending …

A pedestrian walks by a Francesca’s store in New York. Scott Mlyn | CNBC Francesca’s said Monday that it will permanently close about 140 stores by the end of January, but also warned that it may have to take more significant steps to stabilize its finances — including filing for …

Care packages, such as the ones made by Gift Box Love Co., have been a popular gift item on Etsy during the pandemic. Gift Box Love Co. For about two years, Ashley Houck has put together care packages of items like candles, bath salts and caramels with a personalized note. …

WASHINGTON — President-elect Joe Biden hosted a joint meeting Monday with labor union leaders and the chief executives of major tech, retail and auto companies. The business leaders at the virtual meeting were General Motors CEO Mary Barra, Microsoft president and CEO Satya Nadella, Target chairman and chief executive Brian …

Boxes of Huggies brand diapers move along a conveyor belt at the Kimberly-Clark manufacturing facility in Paris, Texas. Laura Buckman | Bloomberg | Getty Images Call it the Covid baby bust. Experts are forecasting declining birth rates this year as a result of the coronavirus pandemic, putting pressure on the …

Customers dine at Momofuku’s outdoor seating in the East Village as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of coronavirus on September 26, 2020 in New York City. Alexi Rosenfeld | Getty Images Goldbelly is adding chef David Chang’s Momofuku to its national …

Beyond Burger launches new meatier burger. Source: Beyond Burger Beyond Meat’s line-up of meat substitutes will soon include two new versions of its Beyond Burger. The new burgers are meant to offer consumers more choice and will launch nationwide early next year. Beyond said that one of the patties is …

Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Luxury mall owner Taubman Centers has agreed to a lower price to merge with the biggest mall owner in …

Customers shop at a Walmart store on May 19, 2020 in Chicago, Illinois. Walmart reported a 74% increase in U.S. online sales for the quarter that ended April 30, and a 10% increase in same store sales for the same period as the effects of the coronavirus helped to boost …

People wear protective face masks outside a McDonald’s location in New York City. Noam Galai | Getty Images McDonald’s will conduct coronavirus safety reviews of its restaurants in the next six weeks as health experts worry that Covid fatigue is contributing to the record high number of new cases in …

A shopper is aided by an employee at a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters A fresh round of stimulus checks in Americans’ bank accounts before the end of the year could provide a welcomed boost to retailers this holiday season, according …

“The Spirit of the Rose,” a rare purple-pink diamond mined in Russia, was sold at a Sotheby’s auction for nearly $27 million. A picture taken at a press preview on November 6, 2020. Fabrice Coffrini/AFP via Getty Images The largest purple-pink diamond ever to be auctioned has been sold in …

Grocery shoppers are trading canned goods and bags of dried beans for specialty chocolate and gourmet pasta sauce as coronavirus cases rise across the country, new research shows. In the early months of the pandemic, in the spring, Americans filled up their grocery carts with bulk purchases of food and …

Brittany Losey takes a picture with her daughter Madison Losey, 7, outside the entrance to Disneyland at the Disneyland Resort is closed in Anaheim, CA, on Thursday, October 22, 2020. MediaNews Group/Orange County Register via Getty Images | MediaNews Group | Getty Images Before the pandemic Michael Afram’s transportation company …

EBay has dropped one of its largest collections of Air Jordans in the e-commerce company’s history, as it looks to broaden its reach in the $2 billion secondary sneaker market, which is seeing rapid growth during the coronavirus pandemic. In recent days, it has been rolling out 60 sneakers per …

As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving. But the company that urged athletes to “Fight on Together” has fallen on tough times. While the brand’s sweat-wicking performance gear is …

People wait in line in front of the AliExpress pop-up store in Paris on September 24, 2020. Geoffroy van der Hasselt | AFP | Getty Images BEIJING — Chinese e-commerce giant Alibaba is pressing into overseas markets as competition heats up around the Singles Day shopping festival the company launched …

Ulta Beauty CEO Mary Dillon told CNBC Wednesday that the cosmetics company hopes to leverage its loyalty plan through its partnership with Target. On Tuesday, the two unveiled a new deal to add skincare shops in select Target stores starting next year. With a combined 100 million members registered to …

Chinese retailer JD.com plans to aggressively expand its brick-and-mortar reach— aiming for a network of 5 million physical stores in the next 3 years — as China’s e-commerce companies sharpen their competition for consumers in smaller Chinese cities. Xu Lei, chief executive of JD Retail, said the company is “aware …

A customer wearing a protective mask enters a Chipotle Mexican Grill Inc. restaurant in San Francisco, California. . David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill on Saturday will open first digital-only restaurant. Unlike a traditional Chipotle location, it will not include a dining room or a …

2020 has been an unusual year and nobody knows that as well as two-time Masters winner Bubba Watson. The golf great took time off from his game this week to catch up with CNBC about how he’s preparing for the most iconic golf tournament of the year, how he’s turned …

SINGAPORE – The demand for imported items by Chinese consumers is not as strong as before, according to a partner in management consulting firm Oliver Wyman. “It remains a strong appeal, but there is less appeal for imported products than there was the year before,” said Jacques Penhirin, retail and …

Target has struck a deal with Ulta Beauty to open shops with makeup, skincare, hair products and more inside of hundreds of its stores. Source: Ulta Beauty Target and Ulta Beauty announced a deal Tuesday to open makeup and skincare shops inside of hundreds of Target stores across the country. …

Beyonce Brooks Kraft | Getty Images Peloton announced Tuesday a multiyear partnership with singer-songwriter Beyonce to produce exclusive content with her music for its streamed workout classes. The exercise company did not disclose the financial terms of the deal. “Beyonce and Peloton worked closely to create a series of themed …