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Gun owners want new hearing in Remington rifle settlement after new reports of malfunctions


Created: Wed, 27 May 2020 22:29:33 GMT

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Lewis Frost, a deputy sheriff in Louisiana who owns three Model 700s, and Richard Denney, an Oklahoma attorney who also owns three 700s, are asking the federal judge to consider reopening the case in light of CNBC's reporting.

Read more: Gun owners want new hearing in Remington rifle settlement after new reports of malfunctions


Tuesday Morning is about to close 130 stores. Here's a map of where they are


Created: Wed, 27 May 2020 19:43:58 GMT

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The Dallas-headquartered company is seeking court approval to shut at least 132 stores, which it says are either underperforming or are located in areas where another store is closeby.

Read more: Tuesday Morning is about to close 130 stores. Here's a map of where they are


New York City is Papa John's fastest-growing market, CEO says


Created: Wed, 27 May 2020 14:37:37 GMT

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Papa John's CEO Rob Lynch said that New York City is the chain's fastest-growing market.

Read more: New York City is Papa John's fastest-growing market, CEO says


Discount retailer Tuesday Morning files for bankruptcy protection, to shut 230 stores


Created: Wed, 27 May 2020 23:59:22 GMT

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Home goods retailer Tuesday Morning filed for Chapter 11 bankruptcy protection and plans to shut a third of its nearly 700 stores.

Read more: Discount retailer Tuesday Morning files for bankruptcy protection, to shut 230 stores


5 things to know before the stock market opens Wednesday


Created: Wed, 27 May 2020 12:53:56 GMT

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Dow futures soar Wednesday as optimism about the reopening of the economy builds.

Read more: 5 things to know before the stock market opens Wednesday


Walmart strikes deal with secondhand apparel site to ramp up online fashion sales


Created: Wed, 27 May 2020 12:37:20 GMT

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It's the latest retailer to partner with ThredUp, an e-commerce platform that sells secondhand clothing, shoes and accessories.

Read more: Walmart strikes deal with secondhand apparel site to ramp up online fashion sales


Domino's U.S. same-store sales rose 14% in first two months of the quarter


Created: Tue, 26 May 2020 21:39:14 GMT

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Domino's Pizza said Tuesday that its U.S. same-store sales climbed 14% during the first two months of its second quarter.

Read more: Domino's U.S. same-store sales rose 14% in first two months of the quarter


Apple will open about 100 more stores in the U.S. this week, with focus on curbside service


Created: Tue, 26 May 2020 17:41:36 GMT

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Apple's retail openings are being closely watched as both a key demand driver for Apple as well as a leading indicator for the health of the retail industry, where Apple's locations often anchor important malls or shopping districts.

Read more: Apple will open about 100 more stores in the U.S. this week, with focus on curbside service


Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic


Created: Tue, 26 May 2020 15:40:00 GMT

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"You are going to have such a flood of cases going to the bankruptcy court," Stephen Ross, founder and chairman of Related Cos., told CNBC.

Read more: Related Chairman Stephen Ross: Expect a 'flood' of retail bankruptcies because of the pandemic


Discount retailers to report earnings, and chart analyst is watching two stocks


Created: Tue, 26 May 2020 12:30:01 GMT

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Discount retailers are rounding out the earnings season. Piper Sandler's Craig Johnson says to watch two stocks.

Read more: Discount retailers to report earnings, and chart analyst is watching two stocks


Niche online brands are surging as stay-at-home orders lead to spike in e-commerce sales


Created: Sun, 24 May 2020 18:18:11 GMT

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Winemakers, eyewear companies and other specialty retailers that were built on the internet are seeing big increases in customer growth.

Read more: Niche online brands are surging as stay-at-home orders lead to spike in e-commerce sales


This chart shows just how much America's malls are incredibly dependent on struggling retailers


Created: Sun, 24 May 2020 15:45:33 GMT

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An analysis by commercial real estate services firm CoStar shows 14 of the 20 largest mall tenants are either apparel retailers or department store chains.

Read more: This chart shows just how much America's malls are incredibly dependent on struggling retailers


Memorial Day alcohol sales likely to surge, helping a suffering industry


Created: Sat, 23 May 2020 13:00:01 GMT

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Across beer, wine and spirits, a shift in consumer preferences toward familiar brands is reversing the trend of embracing local craft producers.

Read more: Memorial Day alcohol sales likely to surge, helping a suffering industry


Stimulus checks worked, many retailers say, but the bump may be short-lived


Created: Fri, 22 May 2020 20:24:10 GMT

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Some retailers reported a bounce in April as stimulus checks reached consumers, after Americans reined in spending at the pandemic's outset.

Read more: Stimulus checks worked, many retailers say, but the bump may be short-lived


5 things to know before the stock market opens Friday


Created: Fri, 22 May 2020 14:32:07 GMT

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U.S. stock futures rose after Dr. Anthony Fauci told NPR that Moderna's vaccine data looked "promising."

Read more: 5 things to know before the stock market opens Friday


Cities are letting restaurants set up tables in streets and parking lots to ease virus restrictions


Created: Fri, 22 May 2020 15:04:19 GMT

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"If we're going to continue our great renaissance as a city, we're going to have to open up more streets and public space to restaurants or … they're not going to survive," Cincinnati Mayor John Cranley said.

Read more: Cities are letting restaurants set up tables in streets and parking lots to ease virus restrictions


Target saw strength in April 'across our entire portfolio,' CEO Brian Cornell says


Created: Thu, 21 May 2020 23:19:11 GMT

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"We're building market share and I think most importantly ... we built trust with American consumers during the pandemic," Target CEO Brian Cornell said.

Read more: Target saw strength in April 'across our entire portfolio,' CEO Brian Cornell says


Shelter-in-place will have a 'lasting impact on consumer behavior,' Jim Cramer says


Created: Thu, 21 May 2020 23:15:40 GMT

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"Just remember, even as we reopen for business, the new normal is not the old normal," the "Mad Money" host said.

Read more: Shelter-in-place will have a 'lasting impact on consumer behavior,' Jim Cramer says


The coronavirus is crushing bankrupt retailers' hopes for a rebound – and threatening even more jobs


Created: Thu, 21 May 2020 21:47:24 GMT

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Home goods retailer Pier 1 this week announced plans to liquidate its business after failing to find a buyer. Modell's announced plans to shutter its business in March. Earth Fare, which filed for bankruptcy in February, only found a buyer for parts of it.

Read more: The coronavirus is crushing bankrupt retailers' hopes for a rebound – and threatening even more jobs


E.l.f. Beauty earnings fueled by triple-digit online sales growth, CEO sees more volatility ahead


Created: Thu, 21 May 2020 21:04:20 GMT

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E.l.f Chairman and CEO Tarang Amin said Thursday that the company's focus on its online marketplace allowed it to outperform in the face of a broader industry slowdown.

Read more: E.l.f. Beauty earnings fueled by triple-digit online sales growth, CEO sees more volatility ahead


Why Best Buy's CEO thinks the appointment-only shopping strategy was the best approach


Created: Thu, 21 May 2020 19:18:00 GMT

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CEO Corie Barry said the personalized approach is a safer way to serve customers and a better fit for the retailer, which sells big-ticket items like gaming consoles, kitchen appliances and home theater systems.

Read more: Why Best Buy's CEO thinks the appointment-only shopping strategy was the best approach


Order delivery from the food court and shop by appointment: Here's what going back to the mall might look like


Created: Thu, 21 May 2020 17:00:12 GMT

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One of the biggest retail shopping center owners in the U.S., Unibail-Rodamco-Westfield, is preparing to reopen its properties across the country.

Read more: Order delivery from the food court and shop by appointment: Here's what going back to the mall might look like


The Mall of America hasn't paid its mortgage in two months


Created: Thu, 21 May 2020 16:59:38 GMT

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Retailers aren't the only ones struggling to pay the bills.

Read more: The Mall of America hasn't paid its mortgage in two months


Victoria's Secret parent company L Brands set to close 250 stores, and that could just be the start


Created: Thu, 21 May 2020 15:03:13 GMT

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"We think there will be more store rationalization over the next several years as well," interim Victoria's Secret CEO Stuart Burgdoerfer said Thursday morning during a call with analysts.

Read more: Victoria's Secret parent company L Brands set to close 250 stores, and that could just be the start


Macy's CEO: $10 billion in sales are up for grabs because of retail bankruptcies


Created: Thu, 21 May 2020 15:21:30 GMT

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Macy's chief executive officer sees $10 billion in sales up for grabs because of the flood of retail bankruptcies due to the coronavirus pandemic.

Read more: Macy's CEO: $10 billion in sales are up for grabs because of retail bankruptcies


Starbucks same-store sales in U.S. and China improve as company reopens cafes


Created: Thu, 21 May 2020 16:28:06 GMT

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Starbucks customers are starting to return to its cafes in the United States and China as the global coffee chain reopens many locations that shuttered temporarily due to the coronavirus pandemic.

Read more: Starbucks same-store sales in U.S. and China improve as company reopens cafes


5 things to know before the stock market opens Thursday


Created: Thu, 21 May 2020 13:07:31 GMT

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Dow futures fall Thursday as nearly 2.44 million Americans filed for first-time jobless claims last week and global coronavirus cases top 5 million.

Read more: 5 things to know before the stock market opens Thursday


Drivers fired after posting video of confrontation with FedEx customer


Created: Thu, 21 May 2020 16:27:29 GMT

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"We just apologized but he kept escalating the situation," one of the drivers said.

Read more: Drivers fired after posting video of confrontation with FedEx customer


Best Buy's earnings fall in first quarter, after initial sales surge during pandemic


Created: Thu, 21 May 2020 18:24:33 GMT

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The retailer had a surge of sales during the early weeks of the pandemic, but later furloughed about 51,000 employees and took other cost-cutting measures.

Read more: Best Buy's earnings fall in first quarter, after initial sales surge during pandemic


Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak


Created: Thu, 21 May 2020 13:31:04 GMT

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Macy's expects first-quarter sales to fall by as much as 45%, and it could report a loss of more than $1 billion, as the department store operator was forced to shut stores amid the Covid-19 crisis.

Read more: Macy's forecasts a first-quarter loss of up to $1.1 billion, with stores shut from coronavirus outbreak

 
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