Category: Retail News
Starbucks to hike wages for union workers as it thaws relationship with Workers United
Starbucks workers at unionized cafes will receive the pay hikes that their nonunion coworkers first collected in May 2022. [...]
Cava stock pops after blunder leads to early earnings release
The Mediterranean chain topped Wall Street's estimates for both its earnings and revenue. [...]
Jim Cramer says Wall Street initially got Lowe’s quarter and guide wrong. Here’s why
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. [...]
Cramer says Macy’s turnaround plan could kickstart growth at the department store chain
Macy's announced a strategy that includes prioritizing top-line growth, accelerating its position in the luxury market, and simplifying operations. [...]
Four reasons Walmart wants to buy smart TV maker Vizio
With the move, the big-box retailer is pushing deeper into the world of advertising. [...]
Macy’s will close about 150 department stores, but open new locations of better performing chains
Macy's plans to close its namesake stores and open new Bloomingdale's and Bluemercury locations reflect what's working at the retailer. [...]
Macy’s posts another quarter of falling sales as it unveils strategy to get back to growth
The 166-year-old department store operator got a new CEO earlier this month. [...]
Lowe’s beats earnings estimates as sales fall — and the company expects revenue to slide again this year
Lowe's beat lower expectations for its fourth quarter, and said it expects sales to fall again in its current fiscal year. [...]
The 11 GRANOLAS stocks power Europe to record highs, drawing Magnificent Seven comparisons
Over the last 12 months, just 11 stocks made up half of the gains that powered the pan-European Stoxx 600 stock index to a record-high close on Friday [...]
FTC sues to block Kroger, Albertsons merger, arguing deal would raise grocery prices and hurt workers
The FTC, which was joined by a group of attorneys general, argued the $24.6 billion Kroger-Albertsons deal would hurt competition in the grocery indus [...]