Microsoft PCs on display at a Best Buy store in Secaucus, N.J. Melissa Repko | CNBCBest Buy on Tuesday announced new plans to try to reverse a two-year sales slump and cash in on a much-awaited replacement cycle of pandemic-era purchases and a fresh wave of innovation.The consumer electronics retailer...
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou will soon have to pay more if you want to shop at Costco.The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the...
Automated distribution centers for Walmart grocery business.Courtesy: WalmartWalmart said Wednesday that it will open five automated distribution centers for fresh food across the country, as the retailer chases efficiency and its online grocery business grows.The discounter's new facilities are roughly 700,000 square feet on average. Chilled and frozen areas...
Parade participants are seen marching during the 2024 Kentuckiana Pride Parade on June 15, 2024 in Louisville, Kentucky. Stephen J. Cohen | Getty ImagesPride month is winding down — and this year, the corporate world took a more cautious approach.June tends to bring a wave of rainbow-themed merchandise and affirming...
Target is turning to Shopify to add new and trendier brands to its website.Starting Monday, the Minneapolis-based discounter said companies that work with Shopify can apply to join Target Plus, its third-party marketplace. Some of Shopify's customers are smaller or up-and-coming brands that use the e-commerce platform to build...
BENTONVILLE, Ark. — When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road in front of his home.Now, when...
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers.The big-box retailer said it will also offer another reason for hourly store workers to stick around: a bonus of up to $1,000...
A Citibike docking station outside the Nordstrom flagship store in New York, US, on Wednesday, Feb. 21, 2024.Bing Guan | Bloomberg | Getty ImagesNordstrom on Thursday fell short of Wall Street's quarterly earnings expectations, as its off-price chain Rack outperformed the rest of its stores.Despite the miss, the Seattle-based...
Best Buy on Thursday missed Wall Street's quarterly sales expectations, but stressed higher profits and lower costs as softer demand for consumer electronics continues.The retailer beat on earnings per share and stuck by its full-year forecast. It expects revenue will range from $41.3 billion to $42.6 billion for the...
A "low price" sign hangs from a shelf at a Target store in Miami, Florida, on May 20, 2024.Joe Raedle | Getty ImagesTarget's weak quarterly earnings underscored why it cut prices on thousands of household staples: It's struggling to win over bargain hunters.The discounter is not alone.Target's first-quarter results...