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Nordstrom could use an activist, but Ryan Cohen might not be the right one


Created: Fri, 03 Feb 2023 19:07:27 GMT

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The activist investor is building a stake in the department store chain as he looks to shake up its board, people familiar with the matter told CNBC.

Read more: Nordstrom could use an activist, but Ryan Cohen might not be the right one


Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer


Created: Fri, 03 Feb 2023 21:53:27 GMT

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GameStop Chairman Ryan Cohen is targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom's board.

Read more: Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer


Kohl's names interim CEO Tom Kingsbury to the post permanently


Created: Thu, 02 Feb 2023 22:21:39 GMT

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Kohl's has locked in its interim CEO Tom Kingsbury permanently at the helm.

Read more: Kohl's names interim CEO Tom Kingsbury to the post permanently


Starbucks misses expectations as China Covid surge hurts international sales


Created: Fri, 03 Feb 2023 14:06:10 GMT

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In China, Starbucks' second-largest market, transactions at cafes open at least 13 months plunged nearly 30%.

Read more: Starbucks misses expectations as China Covid surge hurts international sales


Jim Cramer's Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder


Created: Thu, 02 Feb 2023 16:37:26 GMT

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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Read more: Jim Cramer's Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder


Why Amazon Marketplace didn't survive in China


Created: Thu, 02 Feb 2023 13:00:01 GMT

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Amazon entered China in 2004 by acquiring Joyo.com. Complex regulatory approval and competition from Alibaba and JD.com impeded the company's expansion efforts.

Read more: Why Amazon Marketplace didn't survive in China


Sandwich chain Subway's sales climb as turnaround takes hold ahead of potential sale


Created: Thu, 02 Feb 2023 12:45:01 GMT

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The privately owned sandwich chain has reportedly hired advisors to explore a potential sale and is revamping restaurants.

Read more: Sandwich chain Subway's sales climb as turnaround takes hold ahead of potential sale


Fanatics to start livestreamed shopping of trading cards, collectibles


Created: Thu, 02 Feb 2023 12:30:01 GMT

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The sports commerce giant's aim is to merge the world of hobbyists and collectors via curated and personality-driven content and entertainment.

Read more: Fanatics to start livestreamed shopping of trading cards, collectibles


Venture capital for Black entrepreneurs plummeted 45% in 2022, data shows


Created: Fri, 03 Feb 2023 21:00:44 GMT

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Black entrepreneurs saw historic gains in securing VC funding after the George Floyd racial justice reckoning, but financing dropped 45% in 2022.

Read more: Venture capital for Black entrepreneurs plummeted 45% in 2022, data shows


Amazon could be sitting on another $3.5 billion business, Morgan Stanley says


Created: Wed, 01 Feb 2023 18:50:57 GMT

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Amazon’s Buy with Prime service could help rake in billions of dollars for the e-commerce giant.

Read more: Amazon could be sitting on another $3.5 billion business, Morgan Stanley says


Peloton CEO doesn't care that equipment is losing money, sees path forward in the app


Created: Wed, 01 Feb 2023 21:05:44 GMT

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The pricey exercise machines posted a negative gross margin for the holiday quarter, but the fitness equipment maker's overall profit margin was positive.

Read more: Peloton CEO doesn't care that equipment is losing money, sees path forward in the app


Robots could surpass workers at Amazon by 2030, Cathie Wood says


Created: Wed, 01 Feb 2023 13:49:03 GMT

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The Ark Invest portfolio manager said on "Squawk Box" that Amazon's number of robot workers is set to grow dramatically this decade.

Read more: Robots could surpass workers at Amazon by 2030, Cathie Wood says


Peloton shares surge 26% after fitness company posts subscription revenue growth


Created: Wed, 01 Feb 2023 21:07:40 GMT

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Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter.

Read more: Peloton shares surge 26% after fitness company posts subscription revenue growth


Luxury stocks rally from China reopening, but world's largest luxury market may choose to shop 'in-house' 


Created: Wed, 01 Feb 2023 04:37:21 GMT

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Years of zero-Covid measures have taught Chinese consumers they can get their fix of opulence on their own shores — and experts say this habit is here to stay.

Read more: Luxury stocks rally from China reopening, but world's largest luxury market may choose to shop 'in-house' 


Here's why Nike is suing Lululemon over shoe designs


Created: Tue, 31 Jan 2023 19:16:13 GMT

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Nike is claiming patent infringement related to Lululemon's sale of the Chargefeel Mid, Chargefeel Low, Blissfeel and Strongfeel sneakers.

Read more: Here's why Nike is suing Lululemon over shoe designs


McDonald's profit grows as inflation-weary customers flock to its restaurants


Created: Tue, 31 Jan 2023 15:16:00 GMT

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McDonald's is expecting that short-term inflation will continue in 2023.

Read more: McDonald's profit grows as inflation-weary customers flock to its restaurants


Jim Cramer's Investing Club meeting Monday: Dow stocks, Fed, Ford


Created: Mon, 30 Jan 2023 18:08:46 GMT

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The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Read more: Jim Cramer's Investing Club meeting Monday: Dow stocks, Fed, Ford


Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs


Created: Sat, 28 Jan 2023 13:00:01 GMT

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Walmart is rolling out the sleeker look as it attracts higher-income households with lower-priced groceries.

Read more: Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs


Target is poised to benefit from Bed Bath & Beyond's demise, Oppenheimer says


Created: Fri, 27 Jan 2023 14:49:36 GMT

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Bed Bath & Beyond's potential bankruptcy could bode well for Target as the retailer picks up the sales from more store closures, Oppenheimer said.

Read more: Target is poised to benefit from Bed Bath & Beyond's demise, Oppenheimer says


Hasbro warns of weak holiday quarter results, cuts 15% of its workforce


Created: Thu, 26 Jan 2023 22:51:10 GMT

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Shares of toymaker Hasbro fell more than 6% in extended trading after the company said it would cut around 1,000 jobs and warned of weak fourth-quarter results.

Read more: Hasbro warns of weak holiday quarter results, cuts 15% of its workforce


Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning


Created: Thu, 26 Jan 2023 22:08:57 GMT

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LVMH's cautious optimism echoes positive comments earlier this month from Burberry and Swatch.

Read more: Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning


Bed Bath & Beyond defaults on credit line, warns it can't pay down debts


Created: Fri, 27 Jan 2023 14:44:11 GMT

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Bed Bath & Beyond again warned of potential bankruptcy, saying it doesn't have enough cash to pay down its debts.

Read more: Bed Bath & Beyond defaults on credit line, warns it can't pay down debts


Dollar General worker safety fines top $15 million since 2017, Labor Department says


Created: Thu, 26 Jan 2023 19:38:45 GMT

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Dollar General was hit with $387,000 in fines for worker safety violations at three Southeast stores, the Department of Labor said Thursday.

Read more: Dollar General worker safety fines top $15 million since 2017, Labor Department says


Canada Goose and other retail stocks will see a lift from China's reopening, according to Wells Fargo


Created: Thu, 26 Jan 2023 16:11:59 GMT

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Certain retailers with high exposure to Chinese sales will likely see a boost from the country's reopening.

Read more: Canada Goose and other retail stocks will see a lift from China's reopening, according to Wells Fargo


Walmart-owned Sam's Club plans to open about 30 new stores over next five years


Created: Thu, 26 Jan 2023 16:14:54 GMT

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Sam's Club is expanding after seeing sharp gains in sales and membership during the Covid pandemic.

Read more: Walmart-owned Sam's Club plans to open about 30 new stores over next five years


Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months


Created: Thu, 26 Jan 2023 13:59:49 GMT

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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.

Read more: Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months


Levi Strauss beats estimates, offers upbeat guidance for fiscal year


Created: Thu, 26 Jan 2023 11:16:46 GMT

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Levi Strauss sales fell, but still topped Wall Street's expectations. The company also offered positive revenue guidance.

Read more: Levi Strauss beats estimates, offers upbeat guidance for fiscal year


Estee Lauder's latest Wall Street endorsement underscores our long-held view on the company


Created: Wed, 25 Jan 2023 20:27:57 GMT

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Piper Sandler on Wednesday said it sees considerable upside for Club holding Estee Lauder (EL) as China's long-awaited economic reopening drives pent-up demand.

Read more: Estee Lauder's latest Wall Street endorsement underscores our long-held view on the company


Jim Cramer's Investing Club meeting Wednesday: Microsoft, P&G, Estee Lauder


Created: Wed, 25 Jan 2023 17:16:41 GMT

Author:

The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.

Read more: Jim Cramer's Investing Club meeting Wednesday: Microsoft, P&G, Estee Lauder


If Bed Bath & Beyond closes more stores, these companies could benefit the most


Created: Wed, 25 Jan 2023 17:08:28 GMT

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Bed Bath & Beyond has already closed some locations and may have to shutter even more. That could boost its competitors, according to Telsey Advisory Group.

Read more: If Bed Bath & Beyond closes more stores, these companies could benefit the most

 
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