Category: Retail News
Walmart-owned Sam’s Club plans to open about 30 new stores over next five years
Sam's Club is expanding after seeing sharp gains in sales and membership during the pandemic. [...]
Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months
Layoffs have hit white-collar workers, primarily in the tech industry, but low-wage retail and restaurant workers haven't faced any large-scale cuts. [...]
Levi Strauss beats estimates, offers upbeat guidance for fiscal year
Levi Strauss sales fell, but still topped Wall Street's expectations. The company also offered positive revenue guidance. [...]
Estee Lauder’s latest Wall Street endorsement underscores our long-held view on the company
Piper Sandler on Wednesday said it sees considerable upside for Club holding Estee Lauder (EL) as China's long-awaited economic reopening drives pent- [...]
Jim Cramer’s Investing Club meeting Wednesday: Microsoft, P&G, Estee Lauder
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
If Bed Bath & Beyond closes more stores, these companies could benefit the most
Bed Bath & Beyond has already closed some locations and may have to shutter even more. That could boost its competitors, according to Telsey Advis [...]
Inflation is cooling, but prices on many items are going to stay high for months
As costs fall, some companies are still locked into long-term contracts or are boosting profits rather than lowering prices. [...]
Walmart raises minimum wage as retail labor market remains tight
The nation's largest private employer is raising its minimum wage to $14 an hour for store employees. [...]
Chewy’s push into pet telehealth runs into regulatory hurdles, skeptical veterinarians
Chewy wants to grow its veterinary telehealth service, Connect With a Vet, as part of an overall push into health care. [...]
Bernstein downgrades Lululemon, warns a reset is coming for the apparel stock
Lululemon is facing a growth inflection point — and it likely doesn't bode well for investors, Bernstein warned. [...]