Category: Retail News
Beyond Meat reports narrow-than-expected quarterly loss despite sinking sales
Beyond Meat said its sales could fall as much as 10% in 2023. [...]
Alibaba shares rally 6% after massive earnings beat
Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher. [...]
Off-price retailer TJX’s quarterly results show strong demand. We’re unconcerned by a softer profit outlook
TJX Companies (TJX) reported solid fiscal fourth-quarter 2023 results Wednesday, as stronger-than-expected sales highlighted robust consumer demand. [...]
Dick’s Sporting Goods to buy e-commerce outdoor retailer Moosejaw from Walmart
Dick's Sporting Goods is looking to grow its share in the multibillion-dollar outdoor market by acquiring e-commerce retailer Moosejaw from Walmart. [...]
Target bets on e-commerce by investing $100 million in hubs to speed up delivery
Target plans to have at least 15 delivery hubs across the country by January 2026. [...]
5 things to know before the stock market opens Wednesday
Here are the most important news items that investors need to start their trading day. [...]
Adidas renews deal with Major League Soccer
Adidas' new deal with Major League Soccer will run through 2030. [...]
Walmart CEO Doug McMillon vows to keep private labels priced low to fight inflation
Walmart CEO Doug McMillon intends to keep the company's private brands priced low in order to help bring down high prices across the industry. [...]
Starbucks CEO Howard Schultz calls new olive oil coffee drinks ‘transformational’
Starbucks CEO Howard Schultz said the new olive-oil coffee could disrupt the market. [...]
CNBC Daily Open: Markets took a beating — and there may be worse ahead
Stocks had their worst day in three months, with all major indexes losing at least 2%. The bottom may not be in as inflation remains stubborn. [...]