Category: Retail News
Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
Birkenstock shares dipped nearly 10% Thursday morning after the company shared its first earnings report since its initial public offering. [...]
CNBC Daily Open: Could better data be a good thing for markets?
It's only the third week of the new year and markets are slowly heading into the cycle of good data being received as bad news. [...]
Watches of Switzerland shares plunge 28% after guidance cut
Watches of Switzerland shares plummeted 28% on Thursday morning after the luxury watch retailer cut its guidance for fiscal 2024. [...]
‘That’s Bidenomics at work’: White House eager to take credit for retail sales bounce
Bidenomics is a central pillar of the president's 2024 reelection campaign. [...]
CNBC Daily Open: Good data, bad news?
It's only the third week of the new year and markets are slowly heading into the cycle of good data being received as bad news. [...]
China launches a security review of Shein. Here’s what it means for its IPO
China's powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. IPO. [...]
Holiday sales climb, boosting retailer hopes that shoppers will spend during uncertain 2024
Holiday spending was more in line with pre-pandemic levels, but reflected the resilience of consumers heading into 2024. [...]
Haslam family sells Berkshire Hathaway remaining 20% share of Pilot Travel Centers
The sale of the Haslam stake to Berkshire Hathaway comes after they settled a Delaware Chancery Court case over accounting of the value of Pilot Trave [...]
Burger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King. [...]
4 stock ideas I brought back from the JPMorgan Healthcare Conference and everything else I learned about the industry
Health care may be a real challenger to tech this year, a business that can actually grow faster than most of tech. [...]