Levi's 501 blue jeans on display.Sean Gallup | Getty ImagesLevi Strauss on Thursday cut its full-year sales forecast, as it missed Wall Street's quarterly revenue expectations and was dragged down by weaker shopping trends at department stores and big-box retailers across the U.S.Shares fell more than 5% in after-hours...
Macy's is opening more small-format stores across the country. They are roughly one fifth the size of its typical locations.Macy'sMacy's on Tuesday said it will open up to 30 smaller stores in strip malls over the next two years, as the retailer chases customers out of dying malls and...
A GameStop location on 6th Avenue on March 23, 2021 in New York.View Press | Corbis News | Getty ImagesJust hours after being named GameStop's CEO, Ryan Cohen sent out a memo to employees on Thursday that emphasized he will take dramatic steps to ensure the struggling video game...
Costco on Tuesday reported quarterly earnings that topped Wall Street's expectations, as shoppers turned to the membership club for groceries but bought fewer big-ticket items.On an earnings call, Chief Financial Officer Richard Galanti said shoppers made more trips to the retailer's stores, even as they spent less. He said...
Walmart is piloting a pet services center in a suburb of Atlanta, but plans to open more locations in other parts of the country.WalmartWalmart is opening a dedicated pet services center, signaling it wants to be a place that customers turn to for veterinarian visits and dog grooming appointments...
Shoppers will soon see jewelry designed by Kendra Scott at about 150 Target stores. Most of the items will be under $40.TargetTarget said Tuesday that it has struck a deal with jeweler Kendra Scott to carry exclusive collections of earrings, bracelets and more, as it looks to get its...
Shoppers walk past a Bloomingdale's store in the SoHo neighborhood of New York, US, on Wednesday, Dec. 28, 2022.Victor J. Blue | Bloomberg | Getty ImagesMacy's said Tuesday that it has tapped international retail executive Olivier Bron as the next CEO of its upscale department store, Bloomingdale's.Bron will succeed...
Good news for consumers is bad news for Kroger.As prices that shoppers pay for groceries stabilize or fall, the supermarket operator's sales are sagging.On Friday, the company posted fiscal second-quarter sales that missed Wall Street's expectations. The company stuck with its full-year outlook, but said the slowing rate of...
A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News | Getty ImagesWalmart...
Walmart is hosting its first seller summit businesses that are part of its third-party marketplace. The two-day event includes how-to sessions and remarks by the retailer's top leaders.Melissa Repko | CNBCLAS VEGAS — Walmart is looking for new ways to woo sellers to its third-party marketplace, as it pushes...