Albertsons and Kroger supermarketsBridget Bennett | Bloomberg | Getty Images; Brandon Bell | Getty ImagesThe U.S. Federal Trade Commission said Monday that it is suing to block the merger of Kroger and Albertsons, saying the combination of the two major grocers would result in higher prices for shoppers and...
The logo of U.S. home improvement chain Home Depot is seen in Mexico City, Mexico January 15, 2020. Luis Cortes | ReutersHome Depot on Tuesday said quarterly sales declined nearly 3% year over year, but it surpassed Wall Street's earnings and revenue expectations despite the cooler demand.The home improvement retailer...
A Walmart in Atlanta, Georgia, on Sunday, Feb. 19, 2023.Dustin Chambers | Bloomberg | Getty ImagesWalmart will report its holiday quarter results on Tuesday morning, as investors try to get a clearer picture of what the year ahead holds for retailers and the U.S. economy.Here's what Wall Street analysts...
Tony Spring speaks at an event unveiling the Macy's new women's apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right.Melissa Repko | CNBCInside its headquarters in New York City's Herald Square,...
Walmart Inc. President and CEO Doug McMillon delivers a keynote address during CES 2024 at The Venetian Resort Las Vegas on January 9, 2024 in Las Vegas, Nevada.Ethan Miller | Getty ImagesWalmart already has a huge U.S. footprint. But the retail giant sees room to get even bigger.The company...
Macy's on Thursday said it will cut about 3.5% of its workforce and close five of its namesake mall locations as the legacy department store moves to trim costs and turn around slowing sales.The move will affect approximately 2,350 positions across its corporate office and stores, company spokesman Chris Grams said."As we...
A person picks out clothing in a Lacoste store as retailers compete to attract shoppers and try to maintain margins on Black Friday, one of the busiest shopping days of the year, at Woodbury Common Premium Outlets in Central Valley, New York, on Nov. 24, 2023.Vincent Alban | ReutersHoliday...
Combination showing store signage from Aberdrombie & Fitch and Lululemon stores.Getty ImagesAbercrombie and Fitch, Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December.Yet Wall Street greeted the news with varying...
A UPS worker sorts packages in New York on Dec. 18, 2017.Adam Jeffery | CNBCOnline spending rose 4.9% year over year, setting a record for e-commerce during the holiday season, as shoppers pounced on discounts and leaned on buy now, pay later to cover more of their purchases, according...
Manonallard | E+ | Getty ImagesFor many Americans, it's the first holiday season when most of the family may know the term "artificial intelligence" if it comes up during Christmas dinner.Just don't expect AI to do the heavy lifting for Santa quite yet.The rise of generative AI — and...