Category: Retail News
Lego revenue jumps 13% in first half of 2024, boosted by Lego Fortnite and diverse brick sets
Lego said revenue during the first six months of the year jumped 13%, reaching 31 billion Danish krone, or about $4.65 billion. [...]
JD.com shares climb after announcing $5 billion share buyback, outperforming decline in Hang Seng
The announcement is JD.com's second buyback this year, after announcing a $3 billion buyback in March. [...]
Dollar General, Dollar Tree and Kroger customers pay over $90 million a year in cash-back fees, federal agency finds
Some big retailers have been levying a fee on customers who ask for cash back on purchases. That disproportionately hurts those in banking deserts. [...]
Nordstrom shares jump 10% as earnings top estimates, but retailer issues cautious guidance
Nordstrom has been working to cut costs and improve operations as it contends with softening demand for luxury goods. [...]
Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst
The slump comes after the company failed to meet expectations in its second quarter results. [...]
Two stocks that are winning the back-to-school shopping season, according to Morgan Stanley
A couple of popular apparel retailers could beat the clothing industry slowdown and stand out this season and into year-end. [...]
Is the stock market rotation back? Plus, the mob scene at Costco’s new store in Japan
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. [...]
We’re trimming a Fed rate cut play after a recent rally and ahead of earnings
We're not calling for an earnings miss — just protecting against any disappointment in the commentary. [...]
Jim Cramer sees a ‘potential tailwind’ for Amazon from a big Chinese online retailer
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Jim Cramer says Temu parent plunge is why he doesn’t like China stocks
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. [...]