Target's store in Harlem is one of nine locations that the retailer recently shuttered. It blamed the closures on high levels of theft and safety risks.Melissa Repko | CNBCIn the Harlem neighborhood of New York City, Target's first store to open in Manhattan has permanently shut its doors. The...
Wonder Group has bought rights to make dishes from popular restaurants and celebrity chefs, such as Bobby Flay and José Andrés. It's also developed high-tech kitchen equipment to speed up and simplify cooking.Wonder GroupFood-delivery company Wonder Group has gotten a cash infusion from Nestle, as the startup looks to...
Customers shop at a Walmart store on May 18, 2023 in Chicago, Illinois. Scott Olson | Getty ImagesShares of Walmart touched an all-time high Friday, as investors bet that the discounter will outmatch retail rivals and draw shoppers throughout the holiday season because of its reputation for value.The big-box retailer's...
David Paul Morris | Bloomberg | Getty ImagesHoliday shoppers are expected to spend more this year, but their eagerness for value and hunger for deals is likely to push that growth back down to pre-pandemic levels, according to the National Retail Federation.The major trade group expects sales in November...
Target CEO Brian Cornell defended his decision to pull some of the retailer's Pride Collection merchandise off shelves earlier this year, saying backlash against the items led to the most serious safety threats that he can recall in his decade with the company.In an interview with CNBC's Becky Quick...
Brian Cornell, Chairman and Chief Executive Officer of the Target Corporation.Anjali Sundaram | CNBCTarget CEO Brian Cornell says shoppers are pulling back, even on groceries, as they feel stressed about their budgets.In an interview with CNBC's Becky Quick that aired Thursday morning, he emphasized that the retailer has posted...
A person walks past a Christmas lighting display in a window at Bulbs NYC lighting store near Union Square in New York City, Dec. 20, 2022.Alexi Rosenfeld | Getty ImagesShoppers are springing for holiday gifts and decorations, but bustling mall traffic, full shopping bags and large hauls under the...
At Kohl's stores, Chief Merchant Nick Jones said shoppers will see a mix of elevated items and sharp price points. For example, the company has signs that call attention to low prices of some sweaters, but is also has added European-made glassware to its home decor.Melissa Repko | CNBCAs...
A Costco Wholesale warehouse sign is seen outside of a store in Silver Spring, Maryland, on August 5, 2023Mandel Ngan | Afp | Getty ImagesCostco's longtime CEO Craig Jelinek is stepping down from the company, after the warehouse club's spree of pandemic- and inflation-fueled growth.The company said Wednesday that Ron...
Walmart hosted its first seller summit for its third-party marketplace this summer. At the invitation-only event, CEO Doug McMillon made his pitch on why small businesses and brands should work with the retail giant.WalmartIt was summer in Las Vegas — the temperature hit nearly 110 degrees that late August...