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Tag Archives: Retail industry

McDonald’s will launch 3 chicken sandwiches on Feb. 24

McDonald's will launch 3 chicken sandwiches on Feb. 24

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 …

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How Walmart plans to take over health care

How Walmart plans to take over health care

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 …

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Chipotle launches cauliflower rice nationwide as consumers cut grains

Chipotle launches cauliflower rice nationwide as consumers cut grains

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. …

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How the Covid pandemic changed the foods we cook and crave in 2020

How the Covid pandemic changed the foods we cook and crave in 2020

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 …

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How Covid derailed Olive Garden’s success

How Covid derailed Olive Garden's success

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 …

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Pierre Cardin, ground-breaking fashion designer, dies

Pierre Cardin, ground-breaking fashion designer, dies

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 …

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Online shopping leads to strain at Port of Los Angeles

Online shopping leads to strain at Port of Los Angeles

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 …

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Wonder Woman 1984 opening weekend leads to fast-tracked third film

Wonder Woman 1984 opening weekend leads to fast-tracked third film

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 …

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Restaurant revenue has fallen, despite delivery boom

Restaurant revenue has fallen, despite delivery boom

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 …

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The 10 biggest retail bankruptcies of 2020

The 10 biggest retail bankruptcies of 2020

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 …

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‘We’re in a perfect spot’

'We're in a perfect spot'

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 …

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Chipotle will not require its employees to get the coronavirus vaccine

Chipotle will not require its employees to get the coronavirus vaccine

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 …

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Peloton stock hits record high after Precor deal

Peloton to acquire fitness equipment maker Precor for $420 million

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 …

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Americans head to malls as Christmas approaches

Americans head to malls as Christmas approaches

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 …

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Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat

Nike (NKE) reports Q2 fiscal 2021 earnings, sales beat

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 …

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Dick’s Sporting Goods picks Instacart for same-day delivery

Dick's Sporting Goods picks Instacart for same-day delivery

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, …

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Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall short

Darden Restaurants (DRI) Q2 2021 earnings beat, sales fall short

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 …

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CVS Health, Walgreens start inoculations at nursing homes

CVS Health, Walgreens start inoculations at nursing homes

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 …

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150 million people to shop Saturday before Christmas

150 million people to shop Saturday before Christmas

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 …

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Coronavirus is reshaping retail stores for good

Coronavirus is reshaping retail stores for good

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 …

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Christmas shopping season is different for retailers

Christmas shopping season is different for retailers

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, …

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Buy now, pay later plans are booming in the Covid economy

Buy now, pay later plans are booming in the Covid economy

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, …

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Popeyes to launch beignets nationwide for limited time

Popeyes to launch beignets nationwide for limited time

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 …

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UK supermarkets stockpile food; shoppers told not to hoard

UK supermarkets stockpile food; shoppers told not to hoard

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 …

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Disney Investor Day 2020 announcements

Disney Investor Day 2020 announcements

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 …

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Lululemon (LULU) reports Q3 2020 earnings, sales beat estimates

Lululemon (LULU) reports Q3 2020 earnings, sales beat estimates

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, …

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Jay-Z becomes latest cultural influencer to launch a cannabis brand

Jay-Z becomes latest cultural influencer to launch a cannabis brand

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. …

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Chobani bets on probiotics trend to revive U.S. yogurt sales

Chobani bets on probiotics trend to revive U.S. yogurt sales

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 …

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Starbucks will launch shaken iced espresso drink this spring

Starbucks will launch shaken iced espresso drink this spring

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 …

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Lowe’s expects sales to rise about 22% in fiscal 2020

Lowe's expects sales to rise about 22% in fiscal 2020

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 …

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Why these 7 U.S. mall owners, including Simon, are in trouble: S&P

Why these 7 U.S. mall owners, including Simon, are in trouble: S&P

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., …

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Shoppers finding comfort in scented candles, home fragrances

Shoppers finding comfort in scented candles, home fragrances

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 …

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CNBC’s Andrew Ross Sorkin, Rick Santelli debate over Covid lockdowns

CNBC's Andrew Ross Sorkin, Rick Santelli debate over Covid lockdowns

“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 …

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Petco S-1 IPO filing drops

Petco S-1 IPO filing drops

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 …

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Artist Badiucao targets Apple, Nike, Coca-Cola, Muji

Artist Badiucao targets Apple, Nike, Coca-Cola, Muji

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 …

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Walmart gives bonuses to employees, extends emergency leave

Walmart sees localized grocery stockpiling as Covid cases rise

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 …

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Shoppers spend $10.8 billion on record e-commerce day

Shoppers spend $10.8 billion on record e-commerce day

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 …

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Personalized gifts No. 1 search term on Etsy in 2020

Personalized gifts No. 1 search term on Etsy in 2020

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 …

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4 reasons why empty malls on Black Friday aren’t a bad omen

4 reasons why empty malls on Black Friday aren't a bad omen

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 …

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Time to test the limits of e-commerce

Time to test the limits of e-commerce

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 …

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Under Armour launches a brand with NBA star Steph Curry

Under Armour launches a brand with NBA star Steph Curry

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 …

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Chipotle is testing smoked brisket in Cincinnati, Sacramento

Chipotle is testing smoked brisket in Cincinnati, Sacramento

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 …

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Black Friday traffic in stores craters 52% during pandemic

Black Friday traffic in stores craters 52% during pandemic

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 …

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Holiday gift-givers want their money to matter

Holiday gift-givers want their money to matter

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 …

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What four retail analysts are watching

What four retail analysts are watching

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 …

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Black Friday 2020 traffic looks bleak at stores, malls

Black Friday 2020 traffic looks bleak at stores, malls

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 …

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The athleisure market heats up as shoppers want comfort

The athleisure market heats up as shoppers want comfort

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. …

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Preorders show pandemic-driven outdoor boom ‘not a trend’

Preorders show pandemic-driven outdoor boom 'not a trend'

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 …

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Neiman Marcus has Santa delivering curbside

Neiman Marcus has Santa delivering curbside

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 …

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L Brands names a new chief to lead Victoria’s Secret

L Brands names a new chief to lead Victoria's Secret

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 …

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Anti-spending movement gains momentum ahead of Black Friday

Anti-spending movement gains momentum ahead of Black Friday

‘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, …

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Nordstrom shares rise as retailer’s earnings top estimates

Nordstrom shares rise as retailer's earnings top estimates

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 …

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Here are the best deals (and what not to buy)

Here are the best deals (and what not to buy)

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 …

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Customers will see only benefits

Customers will see only benefits

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 …

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Best Buy (BBY) Q3 2021 earnings beat on strong online sales

Retail earnings reports to watch

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 …

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So long, doorbusters! Retailers roll out weeks of deals

So long, doorbusters! Retailers roll out weeks of deals

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 …

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Retail earnings reports to watch

Retail earnings reports to watch

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%. …

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Black Friday is almost here. And shoppers are anxious.

Black Friday is almost here. And shoppers are anxious.

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, …

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What to watch amid uptick in coronavirus cases

What to watch amid uptick in coronavirus cases

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 …

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Macy’s (M) reports Q3 2020 loss, sales decline

Macy's (M) reports Q3 2020 loss, sales decline

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 …

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Giant supermarket apologizes for ‘super spread’ ad for Thanksgiving

Giant supermarket apologizes for 'super spread' ad for Thanksgiving

“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 …

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Lowe’s (LOW) reports Q3 2020 earnings miss

Lowe's (LOW) reports Q3 2020 earnings miss

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 …

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Retailer benefits from being ‘one-stop solution’

Retailer benefits from being 'one-stop solution'

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 …

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Target (TGT) Q3 2020 earnings

Target (TGT) Q3 2020 earnings

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 …

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‘The vaccine is a headwind’

'The vaccine is a headwind'

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 …

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Retailers try to make returning online purchases easier

Retailers try to make returning online purchases easier

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 …

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Kohl’s (KSS) reports Q3 2020 earnings beat

Kohl's (KSS) reports Q3 2020 earnings beat

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 …

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Walmart (WMT) Q3 2021 earnings

Walmart (WMT) Q3 2021 earnings

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 …

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Home Depot (HD) Q3 2020 earnings

Home Depot (HD) Q3 2020 earnings

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 …

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Shoppers seek out more meaningful gifts amid pandemic

Shoppers seek out more meaningful gifts amid pandemic

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. …

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Consumer companies bracing for a Covid baby bust

Consumer companies bracing for a Covid baby bust

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 …

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Beyond Meat to launch two new versions of its meatless burger

Beyond Meat to launch two new versions of its meatless burger

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 …

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Walmart resumes metering customers in its stores

Walmart resumes metering customers in its stores

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 …

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Americans would spend more on holidays with $1,200 stimulus

Americans would spend more on holidays with $1,200 stimulus

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 …

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Disneyland still closed in California, dragging on Disney earnings

Disneyland still closed in California, dragging on Disney earnings

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 …

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EBay touts sale of rare Air Jordan sneakers

EBay touts sale of rare Air Jordan sneakers

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 …

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Target shops deal offers ‘paths for brand growth’

Target shops deal offers 'paths for brand growth'

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 …

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JD.com wants network of 5 million physical stores in China

JD.com wants network of 5 million physical stores in China

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 …

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Beyonce and Peloton in multiyear content deal

Beyonce and Peloton in multiyear content deal

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 …

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