Retail industry
Beyond Meat COO Doug Ramsey arrested for allegedly biting man’s nose after Arkansas college football game
Douglas Ramsey Source: Washington County, Arkansas Beyond Meat Chief Operating Officer Doug Ramsey was arrested this weekend after allegedly biting a man’s nose in an Arkansas parking garage following a college football game. Ramsey, 53, was charged with terroristic threatening and third-degree battery and booked in the Washington County jail on Saturday evening. He was […]
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3 takeaways from Monday’s meeting: Market needs a break to rise, some possible buys
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. The market needs a break to bottom Why Jim’s investing in the two-year Treasury Quick mentions: JNJ, LLY, AMZN, QCOM , DHR 1. The market needs a break to bottom […]
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3 takeaways from Friday’s meeting, including how defensive plays are wins in this two-sided market
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. There is a bifurcation in the market Quick hit: AMZN, PG, DHR, AAPL Club events to watch for next week 1. There is a bifurcation in the market Stocks were […]
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Retail sales growth sluggish in August as consumers fight to keep up with inflation
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the month increased 0.3% from July, better than the Dow Jones estimate for no change. The total is not adjusted for […]
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Bed Bath & Beyond is closing about 150 stores. Here’s a map of ones on the list so far
Bed Bath & Beyond has announced dozens of the roughly 150 stores it plans to close. The struggling home goods retailer released its plans last month to shutter the “lower producing” locations, representing about 20% of its namesake stores. The closures are part of a broader plan to try to stabilize the company’s finances and […]
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Kanye West’s Yeezy says it’s terminating deal with Gap: ‘A king can’t live in someone else’s castle’
Veronica Guilty is seen wearing a Yeezy Gap Baleciaga hoodie, dress by Reformation, shoes Marine Serre and a bag by Jacquemus to NYFW at Spring Studios on September 10, 2022 in New York City. Alexi Rosenfeld | Getty Images Kanye West, who goes by Ye, is terminating the contract between his company Yeezy and Gap […]
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Here’s how we’re positioned in four sectors and some of the stocks we like in each
CNBC’s Jim Cramer gave investors advice on how to build a strong portfolio during the Federal Reserve’s struggle to reduce inflation. Source
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‘It’s belt-tightening time’ — How to save as food inflation jumps more than 11% in a year
Going to the grocery store isn’t getting any cheaper. Rising food costs helped push inflation higher again last month, despite a drop in gas prices. The food index alone rose 11.4% over the past year, according to the latest consumer price index figures — marking the biggest 12-month jump since May 1979. The food-at-home index, a measure […]
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Walmart unveils virtual fitting room to push shoppers to buy more clothes
Walmart is rolling out its latest version of virtual try-on, which allows shoppers to upload an image of themselves and see how items would look. Walmart As some shoppers reduce their spending on clothes, Walmart is rolling out a new tool that it hopes will nudge them toward clicking the “buy” button. Starting this week, […]
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Patagonia founder just donated the entire company, worth $3 billion, to fight climate change
Yvon Chouinard, founder and owner of Patagonia. Courtesy of Jeff Johnson and Patagonia Patagonia founder Yvon Chouinard, his spouse and two adult children are giving away their ownership in the apparel maker he started some 50 years ago, dedicating all profits from the company to projects and organizations that will protect wild land and biodiversity […]
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