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Walmart's Jet.com will no longer deliver fresh groceries


Created: Fri, 22 Nov 2019 17:45 GMT

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Walmart's Jet.com arm will no longer deliver fresh groceries, roughly one year after it started offering this option in New York, the retailer confirmed to CNBC.

Read more: Walmart's Jet.com will no longer deliver fresh groceries


Old Navy will shift back to brand-building in a growing trend among advertisers


Created: Fri, 22 Nov 2019 17:19 GMT

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With short tenure times for chief marketing officers, the time to impress a board or investors can be fleeting. That can lead to an overindulgence on short-term marketing objectives.

Read more: Old Navy will shift back to brand-building in a growing trend among advertisers


Black Friday hours: Here's a list of when retailers will be open


Created: Fri, 22 Nov 2019 17:00 GMT

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As retailers prepare for Black Friday and Cyber Monday, shoppers get ready to spend. Here's a list of retailers' Thanksgiving and Black Friday hours.

Read more: Black Friday hours: Here's a list of when retailers will be open


Falling tuna consumption didn't kill Bumble Bee, but it didn't help


Created: Fri, 22 Nov 2019 16:22 GMT

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Bumble Bee filed for Chapter 11 bankruptcy on Thursday.

Read more: Falling tuna consumption didn't kill Bumble Bee, but it didn't help


Ace Hardware CEO says US trade tariffs on Chinese goods are pesky, frustrating but manageable


Created: Fri, 22 Nov 2019 16:16 GMT

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"Our primary aim remains to insulate our customers from these tariffs," says Ace's John Venhuizen. "We've told our suppliers we're not accepting price changes."

Read more: Ace Hardware CEO says US trade tariffs on Chinese goods are pesky, frustrating but manageable


Trump set to meet with tobacco executives, vaping advocates and public health groups


Created: Fri, 22 Nov 2019 14:50 GMT

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Tobacco executives, vaping industry representatives and public health leaders are scheduled to meet with President Trump at the White House.

Read more: Trump set to meet with tobacco executives, vaping advocates and public health groups


Bumble Bee files for bankruptcy


Created: Fri, 22 Nov 2019 12:55 GMT

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Tuna maker Bumblee Bee Foods said Thursday that it has filed for Chapter 11 bankruptcy protection, with an agreement from Taiwan-based FCF Fishery to purchase its assets for roughly $925 million.

Read more: Bumble Bee files for bankruptcy


Inside Home Depot's efforts to stop a growing theft problem at its stores


Created: Fri, 22 Nov 2019 11:20 GMT

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Home Depot and other retailers have seen an increase of theft at their stores. This is not shoplifting, it's a bigger problem known as organized retail crime.

Read more: Inside Home Depot's efforts to stop a growing theft problem at its stores


Gap shares rise on earnings, sales beat; retailer says making 'progress' on split


Created: Thu, 21 Nov 2019 21:30 GMT

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Gap Inc. had already warned earlier this month that it was anticipating dismal results. Total same-store sales dropped 4% during the quarter.

Read more: Gap shares rise on earnings, sales beat; retailer says making 'progress' on split


Nordstrom shares jump after earnings beat estimates


Created: Thu, 21 Nov 2019 21:24 GMT

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Nordstrom shares jumped more than 10% after the retailer beat earnings estimates and matched revenue expectations.

Read more: Nordstrom shares jump after earnings beat estimates


DoorDash continues to lead in the food delivery wars


Created: Thu, 21 Nov 2019 17:52 GMT

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According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals Grubhub and Uber Eats captured 30% and 20% of the market, respectively.

Read more: DoorDash continues to lead in the food delivery wars


L Brands shares rally despite continued sales declines at Victoria's Secret


Created: Thu, 21 Nov 2019 17:14 GMT

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Victoria's Secret has yet to stem its sales declines, but the company is hopeful that new products will win back customers.

Read more: L Brands shares rally despite continued sales declines at Victoria's Secret


Macy's online sales growth slowed. But that also means it's more profitable


Created: Thu, 21 Nov 2019 16:26 GMT

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Macy's said its online growth slowed during the third and most recent quarter.

Read more: Macy's online sales growth slowed. But that also means it's more profitable


McDonald's workers file lawsuit to address workplace violence


Created: Thu, 21 Nov 2019 15:56 GMT

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Seventeen McDonald's workers are suing the company, alleging that the fast-food chain has failed to address violence in the workplace.

Read more: McDonald's workers file lawsuit to address workplace violence


Macy's blames sluggish sales on weak shopping malls


Created: Thu, 21 Nov 2019 15:26 GMT

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Macy's said its stores at weaker malls were hurt by slower foot traffic in the latest quarter, leading to a steeper-than-expected sales decline.

Read more: Macy's blames sluggish sales on weak shopping malls


The retail sector has fallen 3% this week, but this isn't the start of another rout, analyst says


Created: Thu, 21 Nov 2019 15:00 GMT

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Retail stocks still have room despite sustained declines after some disappointing earnings reports, says chart watcher Mark Newton.

Read more: The retail sector has fallen 3% this week, but this isn't the start of another rout, analyst says


How FedEx's combative year has hurt its stock performance


Created: Thu, 21 Nov 2019 13:00 GMT

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Founder and CEO Fred Smith's dispute with the New York Times over a report about 2018 taxes is just the latest public battle in 2019 that has helped shave more than 31% off FedEx's stock price over the last 12 months.

Read more: How FedEx's combative year has hurt its stock performance


Macy's shares fall on sales miss, retailer slashes outlook


Created: Thu, 21 Nov 2019 11:49 GMT

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Macy's reports its first same-store sales decline in two years, casting blame on warmer weather and weak traffic at some shopping malls.

Read more: Macy's shares fall on sales miss, retailer slashes outlook


The RealReal's 'Faux and Tell' reports disclose fake items published on the site and returned


Created: Thu, 21 Nov 2019 11:31 GMT

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CNBC obtained internal documents from The RealReal, called "Faux and Tell," that show the luxury consignment company missed fakes.

Read more: The RealReal's 'Faux and Tell' reports disclose fake items published on the site and returned


Retailers such as Kohl's 'in trouble' without better digital presence or bargains, Cramer says


Created: Wed, 20 Nov 2019 23:35 GMT

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"Wait for the next round of tariff hikes or nasty trade rhetoric ... to knock down the whole group, and then buy the retail winners," Jim Cramer says.

Read more: Retailers such as Kohl's 'in trouble' without better digital presence or bargains, Cramer says


Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits


Created: Wed, 20 Nov 2019 21:38 GMT

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L Brands turned in mixed third-quarter results Wednesday as declining sales at Victoria's Secret have continued to weigh on its performance.

Read more: Shares of Victoria's Secret parent L Brands jump on fourth-quarter forecast, in-line profits


Target soars 14% on earnings—Jim Cramer and other pros on what to watch now


Created: Wed, 20 Nov 2019 21:37 GMT

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Target's earnings beat pushed the stock to new heights Wednesday, and industry leaders say it's a sign of underlying strength in the U.S. economy.

Read more: Target soars 14% on earnings—Jim Cramer and other pros on what to watch now


A Burger King franchisee made a discounting error that cost it millions


Created: Wed, 20 Nov 2019 21:13 GMT

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Burger King's largest U.S. franchisee made a "one-time" discounting error over the summer that cost it millions.

Read more: A Burger King franchisee made a discounting error that cost it millions


L Brands CEO Les Wexner's future may be at stake as Epstein ties, falling stock haunt company


Created: Wed, 20 Nov 2019 20:29 GMT

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Unlike other powerful associates of Jeffrey Epstein, who died this year, Wexner has yet to face consequences for his relationship with the sex offender.

Read more: L Brands CEO Les Wexner's future may be at stake as Epstein ties, falling stock haunt company


Black Friday could bring relief for beaten-up retailers like Home Depot, market history shows


Created: Wed, 20 Nov 2019 19:23 GMT

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Target and Walmart look strong, but other retailers have been hit hard after weak earnings. Black Friday could bring short-term market relief for stocks, including Home Depot. Over the past five years, the retail group has climbed ahead of the event.

Read more: Black Friday could bring relief for beaten-up retailers like Home Depot, market history shows


How Target became the retail trade of the year, with the stock up nearly 90%


Created: Wed, 20 Nov 2019 18:23 GMT

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Target's stock has topped even the strong performances of Walmart and TJX Companies.

Read more: How Target became the retail trade of the year, with the stock up nearly 90%


Target's apparel sales are on fire. And that's bad news for everyone else


Created: Wed, 20 Nov 2019 16:51 GMT

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While Walmart is finding strength in grocery, Target is finding it in apparel.

Read more: Target's apparel sales are on fire. And that's bad news for everyone else


Walmart CEO: We've seen 'a little' customer blow-back over our stricter gun and ammo policies


Created: Wed, 20 Nov 2019 16:25 GMT

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Walmart's Doug McMillon, who says he grew up around guns and still owns them, believes he can see "all sides of this issue," though it's ultimately about safety.

Read more: Walmart CEO: We've seen 'a little' customer blow-back over our stricter gun and ammo policies


Cramer: Walmart and Target CEOs 'made me feel terrific' about US consumers despite trade tariffs


Created: Wed, 20 Nov 2019 15:36 GMT

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Optimism from the two of the nation's biggest retailers show that American consumers are not tightening their belts due to trade tariffs, says CNBC's Jim Cramer.

Read more: Cramer: Walmart and Target CEOs 'made me feel terrific' about US consumers despite trade tariffs


Levi Strauss CEO: 'Sizes will go out the window 10 years from now'


Created: Wed, 20 Nov 2019 15:00 GMT

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Levi Strauss CEO Chip Bergh says technology will make the idea of uniform clothing sizes obsolete in 10 years as body scanners and cameras give every shopper the personal fit they need.

Read more: Levi Strauss CEO: 'Sizes will go out the window 10 years from now'

 
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