Category: Retail News
Sen. Bernie Sanders calls vote on possible subpoena for Starbucks CEO Howard Schultz over allegations of union-busting
Starbucks CEO Howard Schultz previously declined to appear at the Senate hearing on allegations of union-busting. [...]
Kohl’s shares sink after big holiday-quarter losses
Kohl's sales for the holiday quarter came in well below Wall Street's expectations. [...]
This startup found success using A.I. to build beauty products. But can it keep making money?
Oddity, which created DTC beauty and wellness brands Il Makiage and Spoiled Child, says it's profitable. [...]
Lowe’s offers soft sales outlook as revenue misses expectations
Lowe's issued a conservative outlook for the next fiscal year as the home improvement sector faces pressure from a shift in consumer spending. [...]
‘Father of the cell phone’ says one day we’ll have devices embedded under our skin
Future generations will have devices "embedded under the skin of their ears," according to Marty Cooper, who is widely considered the father of the ce [...]
CNBC Daily Open: Stocks, bonds and gold fell — there was no safe asset for investors in February
All major U.S. indexes ended February with a loss. Bonds fell too, defying their inverse relationship with stocks. And even gold dropped. [...]
Target leans into ‘affordable joy’ and its cheap chic reputation as sales slow
Target is investing money in new services and brands that it hopes will convince more budget-conscious customers to spend. [...]
Citi downgrades Dick’s Sporting Goods on slowing demand concerns, says margin pressures linger
Analyst Paul Lejuez downgraded the sports retailer's stock to neutral from buy, citing concerns of near-term gross margin pressures. [...]
How McDonald’s won over China
McDonald’s opened over 700 new restaurants in China in 2022, an all-time high. It plans to add an additional 900 stores in the country this year. [...]
The Buffett test: This one chart shows how much every Club holding spends on stock buybacks
We're shining a light on the Club holdings that repurchase the most stock, a group including Morgan Stanley (MS), Meta Platforms (META) and Apple (AAP [...]