Walmart WMT stock hits all time high
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Walmart touched an all-time high Friday, as investors bet that …
Target Corp
e.l.f. Beauty (ELF) earnings Q2 2024
E.l.f. Beauty raised its full-year outlook for the second quarter in a row on Wednesday after posting another 76% year-over-year sales jump, beating Wall Street’s expectations. The cosmetics company, known …
High credit card interest rates carry risks
Shoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the Christmas tree could hide a challenge for retailers: rising credit …
Retailers lobby Congress to pass Combating Organized Retail Crime Act
Representatives from more than 30 retailers joined a major industry lobbying group on Capitol Hill on Thursday, as they ramped up pressure to pass a law that backers say will …
Fast fashion brand must clear hurdles before going public
It’s no secret that Shein has ambitions to go public, but the fast-fashion juggernaut will have to overcome a slew of hurdles before it can win over Wall Street. The …
Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images Rite Aid filed for Chapter 11 bankruptcy protection in New …
Joe Biden meets with Target CEO Brian Cornell and business leaders
Target CEO Brian Cornell. Scott Mlyn | CNBC Target CEO Brian Cornell met with President Joe Biden on Thursday afternoon as the retailer — and the White House — try to …
Nike, American Eagle, Lululemon among favorite brands for teens
A customer shops at the Nike store in Miami Beach, Florida, on Dec. 21, 2021. Joe Raedle | Getty Images Teens are a notoriously fickle bunch — but the group …
Consumers buckling for first time in decade: Former Walmart U.S. CEO
The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …
A big AI and robotics idea that has attracted Walmart and Softbank
Symbotic technology in use at a Walmart facility. Courtesy: Walmart Venture-capital giant Softbank notched a $15 billion-plus gain on its 2016 deal to buy Arm Holdings when the artificial intelligence-enabling …