Category: Retail News
UPS workers approve massive new labor deal with big raises
The agreement is the largest collective bargaining agreement at a private-sector employer based on number of workers. [...]
Recalled baby products sold on Facebook draw the ire of powerful committee in Congress
The House Energy and Commerce Committee sent letters to over a dozen online retailers for details on compliance with consumer product safety standards [...]
Macy’s to open four more smaller stores, as strip mall experiment shows early signs of success
Macy's CEO Jeff Gennette said the smaller strip mall stores showed year-over-year growth, as the company's earnings report sent its stock tumbling. [...]
This industrial gets an upgrade but is ‘not managed the way I like,’ Jim Cramer says
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Macy’s shares slide as retailer says consumers will be cautious the rest of the year
Macy's topped adjusted earnings and sales estimates, but said revenue fell year over year and reiterated a cautious forecast. [...]
Dick’s shares fall 24% as retailer slashes outlook over theft concerns
Dick's Sporting Goods says it's grappling with an uptick in retail theft that contributed to a 23% drop in profits, prompting it to slash its full yea [...]
Recalled products linked to more than 100 infant deaths still for sale on Facebook, lawmakers say
Recalled baby products linked to more than 100 infant deaths, including Boppy pillows, are still being sold on Facebook Marketplace, lawmakers said. [...]
Lowe’s sticks by full-year earnings forecast despite weakening sales, as spring projects offer a boost
Lowe's beat second-quarter earnings expectations but slightly missed on revenue. [...]
Weight loss drugs boost sales at retail pharmacies, but they may not help profits much
Analysts said blockbuster weight loss drugs like Wegovy are minimally profitable for retailers like Walmart – and may even come with slight margin hea [...]
Jim Cramer’s top 10 things to watch in the stock market Monday
Stocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report. [...]