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4 restaurant chains that are opening spinoffs for faster dining


Created: Sat, 18 Jan 2020 16:01:02 GMT

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IHOP, Applebee's, Outback Steakhouse and the Cheesecake Factory are all opening fast-casual spinoffs as the full-service restaurant industry sees customer traffic decline.

Read more: 4 restaurant chains that are opening spinoffs for faster dining


Best Buy board investigating CEO Corie Barry for alleged misconduct


Created: Fri, 17 Jan 2020 23:43:18 GMT

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Best Buy's board is probing allegations that the CEO Corie Barry had an "inappropriate" relationship with another company executive, the Wall Street Journal said Friday.

Read more: Best Buy board investigating CEO Corie Barry for alleged misconduct


DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019


Created: Fri, 17 Jan 2020 17:17:20 GMT

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While digital delivery sales overall have increased at a double-digit pace in each of the past five years, according to data from the NPD Group, the growth of the average check has fallen sharply from more than 4% in 2015 to zero growth in 2019.

Read more: DoorDash takes the lead in the food delivery wars as the landscape dramatically shifts in 2019


Walmart shuffles executives after holiday season, chief merchant departing


Created: Fri, 17 Jan 2020 17:44:28 GMT

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Walmart is shuffling its executive team after the 2019 holiday season, according to a memo that was obtained by CNBC.

Read more: Walmart shuffles executives after holiday season, chief merchant departing


American Eagle's first expansion to the UK didn't work. Here's why it's trying again


Created: Fri, 17 Jan 2020 16:01:01 GMT

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The UK fashion market is notoriously tough for international retailers to break into. Retail experts say American Eagle didn't differentiate itself from the competition.

Read more: American Eagle's first expansion to the UK didn't work. Here's why it's trying again


Adidas is banking on Beyonce for growth with Ivy Park athletic wear line debut


Created: Fri, 17 Jan 2020 23:45:51 GMT

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Adidas is banking on pop icon Beyonce, who's dominated the airwaves for more than two decades, to do the same for the company with her new adidas x Ivy Park athletic wear collection, which makes its debut in adidas stores and online at midnight.

Read more: Adidas is banking on Beyonce for growth with Ivy Park athletic wear line debut


Hong Kong protesters are voting with their wallets


Created: Fri, 17 Jan 2020 00:45:29 GMT

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Some Hong Kong residents are using apps to look for businesses backing protests in a bid to support them.

Read more: Hong Kong protesters are voting with their wallets


Stocks making the biggest moves after hours: Gap, CSX and Progress Software


Created: Thu, 16 Jan 2020 22:44:27 GMT

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Check out the companies making headlines after hours on Tuesday.

Read more: Stocks making the biggest moves after hours: Gap, CSX and Progress Software


Restaurants take aim at improving manager turnover rates


Created: Thu, 16 Jan 2020 20:48:05 GMT

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Shake Shack, Red Robin Gourmet Burgers and Yum Brands' Taco Bell are among the restaurant chains trying to keep their managers sticking around longer.

Read more: Restaurants take aim at improving manager turnover rates


Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders


Created: Thu, 16 Jan 2020 19:57:51 GMT

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Target CEO Brian Cornell said one of the biggest trends he spotted this holiday season was the fact that more shoppers were "comfortable shopping later in the season."

Read more: Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders


How American Apparel is trying to make a comeback after two bankruptcies


Created: Thu, 16 Jan 2020 18:45:24 GMT

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American Apparel went into bankruptcy court in 2015, and in 2016. But you can still buy its products online.

Read more: How American Apparel is trying to make a comeback after two bankruptcies


Holiday sales climb 4.1%, retail industry trade group says, on the higher end of estimates


Created: Thu, 16 Jan 2020 17:14:49 GMT

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Holiday retail sales in 2019 grew 4.1%, amounting to $730.2 billion and coming in at the high end of a previously issued forecast, the National Retail Federation said in a press release on Thursday.

Read more: Holiday sales climb 4.1%, retail industry trade group says, on the higher end of estimates


Two-time Olympic gold medalist Natasha Hastings thought she had to hide her pregnancy to succeed


Created: Thu, 16 Jan 2020 16:34:52 GMT

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U.S. sports teams and managers are just beginning to give female athletes the time and support to have a family. But the industry hasn't always been so understanding.

Read more: Two-time Olympic gold medalist Natasha Hastings thought she had to hide her pregnancy to succeed


Powerade is launching 2 new product lines as consumer exercise habits change


Created: Thu, 16 Jan 2020 18:00:57 GMT

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Powerade is releasing Power Water and Ultra in 2020 as consumers' exercise habits change and rival Gatorade makes a comeback.

Read more: Powerade is launching 2 new product lines as consumer exercise habits change


Payless ShoeSource emerges from bankruptcy — again


Created: Thu, 16 Jan 2020 15:38:04 GMT

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Payless ShoeSource has emerged from Chapter 11 bankruptcy protection for a second time, the company said, with a renewed focus on international operations.

Read more: Payless ShoeSource emerges from bankruptcy — again


America's favorite Valentine's Day candy is back, but not without a few hiccups


Created: Thu, 16 Jan 2020 20:03:56 GMT

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Sweethearts conversation hearts are back on shelves after changes in its ownership led the brand to miss the holiday last year.

Read more: America's favorite Valentine's Day candy is back, but not without a few hiccups


One of last year's best retail stocks is giving investors a 'great' buying opportunity, traders say


Created: Thu, 16 Jan 2020 12:04:01 GMT

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Target and Macy's stocks appear to be swapping places, with 2019 winner Target down in 2020 and Macy's outpacing the broader retail space, but traders still prefer Target.

Read more: One of last year's best retail stocks is giving investors a 'great' buying opportunity, traders say


Pepsi promises a free Zero Sugar to everyone in US if either Super Bowl team's final score ends in zero


Created: Thu, 16 Jan 2020 20:40:48 GMT

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Pepsi will give everyone in the U.S. a free Zero Sugar if either Super Bowl team's final score ends in zero.

Read more: Pepsi promises a free Zero Sugar to everyone in US if either Super Bowl team's final score ends in zero


Peloton has few 'legitimate' threats in the at-home fitness space, says bullish Wedbush analyst


Created: Thu, 16 Jan 2020 23:08:02 GMT

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"Very few of the many alternatives ... really rose to the level of being a legitimate threat to Peloton," Wedbush analyst James Hardiman told CNBC.

Read more: Peloton has few 'legitimate' threats in the at-home fitness space, says bullish Wedbush analyst


The real warning in Target's holiday sales: Toys are in trouble


Created: Wed, 15 Jan 2020 21:01:46 GMT

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Target didn't have the strong holiday in the toy department that many expected, and the news sent shares of toymakers Hasbro and Mattel lower.

Read more: The real warning in Target's holiday sales: Toys are in trouble


Target was strong where it needed strength, and that bodes well for the rest of the year


Created: Wed, 15 Jan 2020 18:50:57 GMT

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Target said its same-store sales during the 2019 holiday season were up just 1.4%, missing its expectations. But analysts say that doesn't mean Target's strategy to be a winner in retail isn't working.

Read more: Target was strong where it needed strength, and that bodes well for the rest of the year


5 things to know before the stock market opens Wednesday


Created: Wed, 15 Jan 2020 13:53:45 GMT

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U.S. stock futures were pointing to a steady Wall Street open ahead of the U.S. and China signing their phase-one trade agreement at the White House.

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


Target shares plunge as holiday sales miss estimates on weakness in toys and electronics


Created: Thu, 16 Jan 2020 17:28:27 GMT

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Target said Wednesday that its 2019 holiday sales missed expectations, due in part to weakness in toys, electronics and home goods.

Read more: Target shares plunge as holiday sales miss estimates on weakness in toys and electronics


Under Armour's Kevin Plank pushes new ad campaign: 'the only way is through'


Created: Tue, 14 Jan 2020 22:36:20 GMT

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For Under Armour, the only way out of a hard spot is to muddle through it. Chief Brand Officer Kevin Plank unveiled the company's newest ad campaign on Tuesday morning.

Read more: Under Armour's Kevin Plank pushes new ad campaign: 'the only way is through'


Domino's Pizza reaffirms long-term sales outlook, says focus on carryout is paying off


Created: Tue, 14 Jan 2020 20:42:29 GMT

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The rise of Postmates, DoorDash and other delivery services have put pressure on Domino's own sales as customers now have a wider range of food options.

Read more: Domino's Pizza reaffirms long-term sales outlook, says focus on carryout is paying off


Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say


Created: Tue, 14 Jan 2020 19:13:24 GMT

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December retail sales were strong and holiday shopping could be up close to 5%, better than expected, according to BofA economists.

Read more: Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say


Build-A-Bear stock pops on stronger-than-expected holiday sales, and the promise of Baby Yoda


Created: Tue, 14 Jan 2020 18:08:04 GMT

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Shares of Build-A-Bear Workshop skyrocketed Tuesday after the company increased its 2019 full-year forecast and revealed that it would be releasing a Baby Yoda plush in the coming months.

Read more: Build-A-Bear stock pops on stronger-than-expected holiday sales, and the promise of Baby Yoda


SmileDirectClub stock rises 15% on news it will sell its aligners to orthodontists and dentists


Created: Tue, 14 Jan 2020 21:13:10 GMT

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SmileDirectClub's partnership with Align Technology expired at the end of 2019, freeing it up to market its clear aligners directly.

Read more: SmileDirectClub stock rises 15% on news it will sell its aligners to orthodontists and dentists


Burger King's largest US franchisee says Impossible Whopper and Popeyes chicken sandwich sales have stabilized


Created: Wed, 15 Jan 2020 00:03:37 GMT

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Carrols Restaurant Group CEO Dan Accordino said that an average Burger King restaurant owned by the franchisee sells about 28 Impossible Whoppers a day.

Read more: Burger King's largest US franchisee says Impossible Whopper and Popeyes chicken sandwich sales have stabilized


Google to acquire Irish retail tech start-up Pointy


Created: Tue, 14 Jan 2020 16:01:58 GMT

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The deal is expected to close in the coming weeks, the companies said.

Read more: Google to acquire Irish retail tech start-up Pointy

 
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