Signage of Macy's, Kohl's and Nordstrom retail stores.Getty ImagesDepartment stores are aging — and so are their customers.For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial and Gen Z consumers, that hasn't been enough...
Getty Images (L) | Reuters (R)Forget the drive-thru. Walmart wants diners to find a value meal in its grocery aisles.As fast food gets pricier, the nation's largest grocer sees a sales opportunity.On a call with CNBC on Thursday, Walmart Chief Financial Officer John David Rainey said some of the...
People walk near the entrance of a Walmart store in Miami, Florida, on May 14, 2024.Joe Raedle | Getty ImagesWalmart will report earnings on Thursday, as investors look to the nation's largest retailer to gauge the health of American consumers and the strength of the industry.Here is what Wall...
People walk near the entrance to a Walmart Supercenter on February 20, 2024, in Hallandale Beach, Florida. Joe Raedle | Getty ImagesWalmart is laying off hundreds of corporate workers across the country as it shutters several offices and relocates many employees to its Arkansas headquarters.The big-box retailer confirmed the layoffs...
The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico, on Jan. 15, 2020.Luis Cortes | ReutersHome Depot will report its latest earnings results Tuesday as the retailer pushes to draw more sales from home professionals such as roofers and landscapers.Here's what Wall Street...
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high inflation.On Tuesday, the big-box retailer said it will roll out a private label called...
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesThe U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry.The move by regulators brings at least a temporary halt to a...
Shopping bags in front of the Macy's Inc. flagship store in the Herald Square area of New York, US, on Monday, Nov. 13, 2023. US holiday sales will grow at a slower pace this year amid economic headwinds such as higher interest rates, the National Retail Federation said. Bing Guan...
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty ImagesDepartment stores like Macy's and Kohl's have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, though, those...
People walk past an Ulta Beauty store in the Manhattan borough of New York City, New York, U.S., March 8, 2022. Carlo Allegri | ReutersUlta Beauty shares tumbled about 13% on Wednesday as CEO Dave Kimbell warned of cooling demand for beauty products.Other stocks in the segment, including E.L.F. Beauty,...