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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'


The worst-performing S&P 500 stock is about to report earnings


Created: Wed, 20 Nov 2019 14:56 GMT

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Macy's, which is down nearly 80% from its 2015 peak, is set to report earnings on Thursday. One trader says retail carnage is likely to continue.

Read more: The worst-performing S&P 500 stock is about to report earnings


Walmart CEO says the biggest 'hazard' for in-home grocery delivery is dogs


Created: Wed, 20 Nov 2019 13:12 GMT

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Walmart CEO Doug McMillon says running into dogs "big and small" has become a "new hazard of working at Walmart."

Read more: Walmart CEO says the biggest 'hazard' for in-home grocery delivery is dogs


5 things to know before the stock market opens Wednesday


Created: Wed, 20 Nov 2019 12:52 GMT

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U.S. stock futures were losing ground Wednesday, pointing to a lower open on Wall Street.

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


Target CEO says cost of handling online orders drops 90% when shoppers use same-day options


Created: Wed, 20 Nov 2019 12:10 GMT

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Target's business is booming thanks to the investments the retailer has been making to ease buying things online and getting them the same day.

Read more: Target CEO says cost of handling online orders drops 90% when shoppers use same-day options


Target shares surge after company crushes earnings and raises forecast


Created: Wed, 20 Nov 2019 11:19 GMT

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Target earnings and sales trounced analysts' estimates, marking a bright spot in retail.

Read more: Target shares surge after company crushes earnings and raises forecast


Lowe's shares jump after earnings top estimates despite revenue shortfall


Created: Wed, 20 Nov 2019 11:12 GMT

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Lowe's quarterly earnings beat expectations, but revenue falls short and the retailer announces plans to close 34 Canadian stores.

Read more: Lowe's shares jump after earnings top estimates despite revenue shortfall


Billionaire investor Carl Icahn is placing a 'big bet' against struggling malls, report says


Created: Wed, 20 Nov 2019 00:34 GMT

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Billionaire investor Carl Icahn is placing a $400 million bet against struggling malls, taking on two of the largest investment firms, according to The Wall Street Journal.

Read more: Billionaire investor Carl Icahn is placing a 'big bet' against struggling malls, report says


Levi Strauss CEO on taking big risks, including on gun control, with an iconic brand


Created: Tue, 19 Nov 2019 21:09 GMT

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Levi Strauss CEO Chip Bergh had his work cut out for him when he took over the struggling blue jeans brand in 2011. But the former P&G brand expert saw the 166-year-old company as his ultimate challenge.

Read more: Levi Strauss CEO on taking big risks, including on gun control, with an iconic brand


Chipotle's drive-thru lanes only take 12 seconds, CEO says


Created: Tue, 19 Nov 2019 20:10 GMT

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Chipotle CEO Brian Niccol said its drive-thrus only take 12 seconds.

Read more: Chipotle's drive-thru lanes only take 12 seconds, CEO says


Walmart CEO Doug McMillon: 'We could go away at any minute'


Created: Tue, 19 Nov 2019 18:46 GMT

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Walmart CEO Doug McMillon spoke at CNBC's Evolve conference about how the retailer keeps changing to meet customers' expectations.

Read more: Walmart CEO Doug McMillon: 'We could go away at any minute'


Here's what heavy discounts in September mean for retailers this holiday season


Created: Tue, 19 Nov 2019 18:26 GMT

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The sharp sell-off of retail stocks Tuesday means investors are worried the deep discounts that battered Kohl's latest earnings report will be repeated.

Read more: Here's what heavy discounts in September mean for retailers this holiday season


Method, Olly, now Welly. Eric Ryan reveals the secret behind his billion-dollar success story


Created: Tue, 19 Nov 2019 15:25 GMT

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Eric Ryan, co-founder of Method and gummy vitamin and supplement brand Olly, is on a mission to reinvent the first-aid category with his newest company, Welly. In an interview with CNBC, he reveals how he spots niches ripe for reinvention.

Read more: Method, Olly, now Welly. Eric Ryan reveals the secret behind his billion-dollar success story


Kris Jenner, after Kylie's big Coty splash, open to deals for her other kids' businesses


Created: Tue, 19 Nov 2019 15:11 GMT

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"If they do grow the business and they're able to sell something and keep having a hand in it, that's the ideal situation," says the matriarch of the Jenner-Kardashian empire.

Read more: Kris Jenner, after Kylie's big Coty splash, open to deals for her other kids' businesses


Why White Castle isn't a fast-food giant


Created: Tue, 19 Nov 2019 15:00 GMT

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Odds are, there isn't a White Castle in your neighborhood.

Read more: Why White Castle isn't a fast-food giant


Warby Parker is launching Scout, its own line of contact lenses


Created: Tue, 19 Nov 2019 14:17 GMT

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The direct-to-consumer company's first venture into contact lenses launches Tuesday.

Read more: Warby Parker is launching Scout, its own line of contact lenses


Despite being worried about debt, consumers will still spend about $1,700 on gifts this year


Created: Tue, 19 Nov 2019 13:30 GMT

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Heading into this holiday season, Americans have an average debt of $58,673 and it's making them feel more stress than good cheer.

Read more: Despite being worried about debt, consumers will still spend about $1,700 on gifts this year


It's not just gifts. Travel, entertaining and donations also boost the cost of the holidays.


Created: Tue, 19 Nov 2019 13:00 GMT

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Learn to navigate holiday spending without taking on credit card debt.

Read more: It's not just gifts. Travel, entertaining and donations also boost the cost of the holidays.

 
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