Category: Retail News
Neiman Marcus CEO says there’s ‘no need’ to sell the business as Saks takeover rumors swirl
Saks Fifth Avenue wants to acquire Neiman Marcus, but Neiman's CEO said there's "no need" to sell the business and it's unlikely to change hands soon. [...]
Starbucks sued for allegedly using coffee from farms with rights abuses while touting its ‘ethical’ sourcing
A group is suing Starbucks for false advertising, alleging that it sources coffee and tea from farms with human rights and labor abuses, while touting [...]
States have been eliminating taxes on period products for years. Here’s where you’ll still pay them.
Texas most recently eliminated the so-called tampon tax when its policy took effect in September. Kentucky lawmakers are considering similar bills. [...]
Consumer spending growth will slow in 2024, economist predicts — it’s ‘not necessarily sustainable’
Consumer spending has remained remarkably resilient, but that's unlikely to continue, says Jack Kleinhenz, chief economist at the National Retail Fede [...]
LeBron James signs trading card deal with Fanatics Collectibles, leaving Upper Deck
Experts say LeBron James' deal with Fanatics Collectibles could be worth more than $5 million. [...]
Shein’s revenue is ‘a lot more’ than $30 billion annually, key retail partner says
Little is known about how much revenue Shein sees but one of the retailer's key partners said its sales are "a lot more" than $30 billion annually. [...]
Tiger Woods ends Nike partnership after 27 years
Mark Steinberg, Woods' longtime agent, told CNBC that the golfer made a business decision to not renew with Nike. [...]
Used car prices are still high, but they’re expected to stabilize in 2024
Cox Automotive expects wholesale prices to end the year up 0.5% from December 2023. [...]
Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
Investors are starting to get a clearer picture of which companies captured more of holiday shoppers' dollars. [...]
We’re making 2 small stock sales to bulk-up our cash in a market that seems ahead of itself
We remain concerned that the recent Federal Reserve-driven rally has moved too far too fast. [...]