Category: Retail News
Department stores face another squeeze. This time, with store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pres [...]
Macy’s settles proxy fight with activist Arkhouse, adds two directors
The reshuffle moves Macy's closer to a deal that could take the 165-year-old department store private. [...]
These 10 retail brands are the fastest growing in the U.S., Yelp says
Chains owned by publicly traded restaurant companies accounted for half of the top 10 fastest-growing retail brands in the U.S. last year, according t [...]
What all the cool kids want. How 6 portfolio stocks fared in Piper Sandler’s new survey of teen likes and dislikes
Piper Sandler has released the spring edition of its semiannual "Taking Stock With Teens Survey," with solid results for several names in our portfoli [...]
Former Bowlero exec says company threatened to report him to FBI in proposed extortion, retaliation suit
Bowlero's former longtime chief information officer wants to sue the company for retaliation and extortion and claims he was fired because of his age. [...]
Jim Cramer shares his thoughts on 5 stocks: Molson Coors, Freeport-McMoRan, Nike, Cisco and American Eagle
Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. [...]
Costco selling as much as $200 million in gold bars monthly, Wells Fargo estimates
Gold has turned into money for Costco, where yellow metal sales begun last year have turned into a cash cow for the big-box retailer. [...]
The personal computer market turns the corner after a post-Covid slump — bolstering our case to own this electronics retailer
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Barstool’s Dave Portnoy won $2.7 million betting on UConn in NCAA men’s final
DraftKings reported a record NCAA tournament, with sports betting now legal in 38 states plus Washington, D.C. [...]
3G Capital quietly exited its Kraft Heinz investment last year
3G Capital, which helped to engineer the Kraft Heinz merger, had seen its influence at the company wane. [...]