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Walmart steps up competition with Amazon by fulfilling orders for third-party vendors
News 1 month ago
Walmart steps up competition with Amazon by fulfilling orders for third-party vendors

Walmart is launching a new service that allows third-party vendors to hire the retailer to store, pack and ship items for customers, a move that...

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Amazon just opened a cashierless supermarket – here are all the ways it's trying to upend the grocery industry
News 1 month ago
Amazon just opened a cashierless supermarket – here are all the ways it's trying to upend the grocery industry

Amazon opened a larger version of its cashierless grocery stores, called Go Grocery, in Seattle. The store is the latest example of Amazon's effort...

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Macy's shares jump after earnings top estimates, helped by a last-minute holiday sales boost
News 1 month ago
Macy's shares jump after earnings top estimates, helped by a last-minute holiday sales boost

Macy's reported fourth-quarter earnings on Tuesday that outpaced expectations, helped by a boost from last-minute shoppers who lifted sales in the...

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Home Depot shares rise after earnings top estimates, helped by strong holiday and appliance sales
News 1 month ago
Home Depot shares rise after earnings top estimates, helped by strong holiday and appliance sales

Home Depot topped Wall Street's expectations for the fourth quarter, but it had lower revenue than a year earlier. The home improvement retailer's...

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Amazon is opening its first full-size, cashierless grocery store. Here's a first look inside
News 1 month ago
Amazon is opening its first full-size, cashierless grocery store. Here's a first look inside

Five years in the making, the first Amazon Go Grocery store is opening Tuesday in Seattle. It's Amazon's first full-size, cashierless grocery store...

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Walmart CEO Doug McMillon wants to crack the code on apparel and home goods
News 1 month ago
Walmart CEO Doug McMillon wants to crack the code on apparel and home goods

Groceries have fueled online sales, but home and apparel sales have lagged behind. Walmart's many stores have acted as fulfillment centers.The...

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The biggest US mall owner is doubling down on retail even as the industry struggles
News 1 month ago
The biggest US mall owner is doubling down on retail even as the industry struggles

It has a strong balance sheet to make such bets. Simon is doubling down on its thesis that the best malls in America will survive, and with Forever...

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Apparel sales just had their worst month in more than 10 years. Here's why
News 1 month ago
Apparel sales just had their worst month in more than 10 years. Here's why

The apparel industry had a really tough start to 2020, as consumers are buying fewer and fewer items to stock their closets, and companies that...

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Macy's to close 125 stores, cut 2,000 corporate jobs, in hunt for growth
News 2 months ago
Macy's to close 125 stores, cut 2,000 corporate jobs, in hunt for growth

Stuck in a sales slump, Macy's is shrinking to grow. The department store chain announced Tuesday its plans to shut 125 stores over the next three...

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Macy's to shut San Francisco tech offices, cut some jobs
News 2 months ago
Macy's to shut San Francisco tech offices, cut some jobs

Macy's is shuttering its tech offices in San Francisco, a spokeswoman confirmed to CNBC, in a bid to streamline its business. The department store...

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Forever 21 reaches $81 million deal to sell its retail business to US mall owners and Authentic Brands
News 2 months ago
Forever 21 reaches $81 million deal to sell its retail business to US mall owners and Authentic Brands

Forever 21 has reached an $81 million deal to sell its retail business to a group that includes Simon Property Group, Brookfield Property Partners...

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Macy's reportedly to open a new kind of store in Texas
News 2 months ago
Macy's reportedly to open a new kind of store in Texas

Macy's is reportedly about to open a new kind of store, which could be a test with a larger rollout to come. The department store chain is opening...

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AutoZone's stock surged 40% in the last year. Here's how it's thriving in the era of Amazon
News 2 months ago
AutoZone's stock surged 40% in the last year. Here's how it's thriving in the era of Amazon

Auto parts retailer AutoZone is one of the lucky, or clever, retailers that has managed to fend off attacks from e-commerce giants such as Amazon....

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NY grocer Fairway files for bankruptcy protection, will close some stores
News 2 months ago
NY grocer Fairway files for bankruptcy protection, will close some stores

New York-based grocery chain Fairway Market has filed for Chapter 11 bankruptcy protection and plans to shut up to five of its 14 locations, along...

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American Eagle's first expansion to the UK didn't work. Here's why it's trying again
News 2 months ago
American Eagle's first expansion to the UK didn't work. Here's why it's trying again

In 2014, American Eagle Outfitters opened three stores in the United Kingdom. Just three years later, the teen retailer abandoned the market. The U...

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Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders
News 2 months ago
Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders

It was a Christmas for procrastinators. Target CEO Brian Cornell said one of the biggest trends he spotted this holiday season was the fact that...

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Payless ShoeSource emerges from bankruptcy—again
News 2 months ago
Payless ShoeSource emerges from bankruptcy—again

Payless ShoeSource said Thursday it has emerged from Chapter 11 bankruptcy protection for a second time, with a renewed focus on its international...

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The real warning in Target's holiday sales: Toys are in trouble
News 2 months ago
The real warning in Target's holiday sales: Toys are in trouble

Target didn't have the strong holiday in the toy department that many expected, ringing alarm bells for the entire industry. The retailer on...

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Target shares plunge as holiday sales miss estimates on weakness in toys and electronics
News 2 months ago
Target shares plunge as holiday sales miss estimates on weakness in toys and electronics

Target was expected to be a winner this holiday season, amidst a sea of disappointing reports. But the big-box retailer said Wednesday that its...

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Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say
News 2 months ago
Holiday sales may have been better-than-expected, up nearly 5%, Bank of America economists say

Retail sales were strong in December, and for the holiday shopping period they could be up close to 5%, slightly better than other industry...

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Google to acquire Irish retail tech start-up Pointy
News 2 months ago
Google to acquire Irish retail tech start-up Pointy

Alphabet's Google on Tuesday said it plans to acquire Pointy, an Irish retail start-up that helps traditional brick and mortar retailers list...

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CVS CEO Larry Merlo says 600 remodeled HealthHUBs will be opened by the end of 2020
News 2 months ago
CVS CEO Larry Merlo says 600 remodeled HealthHUBs will be opened by the end of 2020

CVS Health CEO Larry Merlo told CNBC Monday that the health retailer is on track to meet its goal of rehabbing more than one thousand of its stores...

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Kohl's tie-up with Amazon was seen as a game changer. But sluggish holiday sales suggest it isn't
News 2 months ago
Kohl's tie-up with Amazon was seen as a game changer. But sluggish holiday sales suggest it isn't

Analysts are questioning the benefits of Kohl's tie-up with Amazon to accept Amazon returns. Amazon.com Inc. parking signage stands outside a Kohl...

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Bed Bath & Beyond will delay 20 store closures
News 3 months ago
Bed Bath & Beyond will delay 20 store closures

Bed Bath & Beyond is delaying 20 store closures until fiscal 2020. The company originally planned to close 60 locations, including 40 Bed Bath &...

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Amazon partners with Future Retail to further its push into the Indian market
News 3 months ago
Amazon partners with Future Retail to further its push into the Indian market

Amazon is partnering with a leading Indian retail group as it continues its push into the world's second most populous country. Under a new deal...

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Gwyneth Paltrow's wellness brand Goop is coming to Sephora
News 3 months ago
Gwyneth Paltrow's wellness brand Goop is coming to Sephora

Gwyneth Paltrow's famous lifestyle brand Goop is about to hit Sephora stores, marking the first time it has partnered with another retailer to sell...

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Imagine 'virtual changing rooms' — ex-Walmart US chief on how tech can shape retail in the 2020s
News 3 months ago
Imagine 'virtual changing rooms' — ex-Walmart US chief on how tech can shape retail in the 2020s

The impact of technology on brick-and-mortar retail is just getting started as the 2020s arrive, former Walmart U. S. President and CEO Bill Simon...

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The bankruptcies that rocked the retail industry in 2019
News 3 months ago
The bankruptcies that rocked the retail industry in 2019

And the implications have been more store closures, thousands of lost jobs and an vastly different retail landscape that doesn't look anything like...

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The best days of Party City may be in the past. Here's what happened to it in 2019
News 3 months ago
The best days of Party City may be in the past. Here's what happened to it in 2019

Most people think Christmas is the only time of year that matters for retailers, but it depends on what you're selling. For many retailers, holiday...

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How department stores lost their clout in the beauty industry to Ulta, e-commerce and influencers
News 3 months ago
How department stores lost their clout in the beauty industry to Ulta, e-commerce and influencers

* As retailers like Ulta Beauty and Sephora have won over shoppers, the former anchor of the cosmetics industry - the department store - has...

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