Read CNBC's full investigation into the alleged organized theft groups that police say are stealing and reselling items from retailers including Ulta Beauty, T.J. Maxx and Walgreens.Faced with sophisticated organized retail crime rings that investigators say have targeted his company, Ulta Beauty CEO Dave Kimbell is laying some blame...
Fresh chicken breasts are displayed for sale in the meat area of a Sprouts Farmers Market grocery store in Redondo Beach, California on February 23, 2024. Patrick T. Fallon | AFP | Getty ImagesInflation rose again in February, keeping the Federal Reserve on course to wait at least until the...
Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington.David Ryder | Getty ImagesSouthwest Airlines said Tuesday that it will have to trim its capacity plans and reevaluate its financial forecasts for the year, citing delivery delays from Boeing, its sole...
Check out the companies making headlines in premarket trading. Oracle — The information technology stock climbed 13.3% on the back of strong per-share earnings. Oracle posted adjusted earnings per share of $1.41, topping the $1.38 consensus estimate of analysts polled by LSEG. On Holding — Shares plunged more than...
Shoppers walk in front of a Kohl's store in Mount Kisco, New York.Scott Mlyn | CNBCKohl's said Tuesday that it's teaming up with the owner of Babies R Us to bring baby gear, furniture and more to approximately 200 of its stores across the country.The retailer struck a deal...
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime "queenpin" had built an empire.Tucked behind the stone walls of her 4,500-square-foot Spanish-style mansion, Michelle Mack had stockpiled a small fortune in cosmetics that had been stolen from Ulta and Sephora stores across...
Customers shop in a Walmart Supercenter on February 20, 2024 in Hallandale Beach, Florida. Joe Raedle | Getty Images News | Getty ImagesConsumer spending bounced back in February from a January dip, with a little help from Leap Day. But sales still registered good gains even after correcting for that...
The chief executive of Denmark's Lego on Tuesday reflected on a tough year for the world's largest toymaker, and outlined the firm's long-term plans to stay relevant and "cool with kids."Lego said its 2023 revenue was 2% higher compared to the previous year, growing to 65.9 billion Danish krone (around...
The Porsche Mission X on display at the IAA Mobility 2023 show in Munich, Germany.Arjun Kharpal | CNBCPorsche on Tuesday warned that profitability will decline this year as it launches new models amid tough economic conditions, but hiked its dividend on the back of a rise in 2023 operating...