Category: Retail News
Nike beats holiday revenue estimates — but its China sales are slowing down
Nike is in the midst of a broad restructuring to cut costs by about $2 billion over the next three years as consumer demand remains uncertain. [...]
Lululemon shares fall on weak guidance, slowing North America growth
Lululemon raised its holiday sales guidance in January after it saw sales trends come in "balanced across channels, categories, and geographies." [...]
Target doubles bonuses for salaried employees as profits recover
Target's is doubling bonus payments as its profits recover following a bumpy nearly two-year stretch. [...]
Darden revenue jumps as Ruth’s Chris acquisition offsets shrinking same-store sales
LongHorn Steakhouse was the company's only division to report same-store sales growth. [...]
Jim Cramer shares his thoughts on Chipotle, Best Buy, Intel, General Mills and Signet Jewelers
CNBC's Jim Cramer on Wednesday weighed in on Chipotle's stock split, the Chips Act funding for Intel and other market-moving headlines. [...]
Sotheby’s leans into sports with auctions of Jordan shoes, Ali trunks and Kobe jersey
Sotheby's is holding its inaugural "Sports Week," as demand for sports collectibles from the likes of Michael Jordan and Muhammad Ali grows. [...]
Amazon’s ‘Big Spring Sale’ should help boost sales and increase profit margins
Analysts say this first spring event will drive stronger sales growth and defend the company's competitive position. We tend to agree. [...]
Nordstrom shares jump more than 10% on report retailer is trying to go private
Nordstrom is reportedly considering going private weeks after it gave a gloomy sales outlook for 2024. [...]
The French have fallen in love with American fast food. Here’s why
American fast-food companies are rapidly expanding their footprint in France as consumers increasingly choose quick service restaurants over tradition [...]
Unilever rises 5.4% after plans to split off its ice cream unit including Ben & Jerry’s
Consumer goods giant Unilever said Tuesday that it is separating its ice cream unit, which includes Ben & Jerry's and Magnum, as part of a restruc [...]