Retail industry
Peloton’s CFO is leaving the company, will be replaced by Amazon cloud executive
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Peloton’s chief financial officer, Jill Woodworth, is leaving the company and will be replaced by Liz Coddington, an executive […]
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Online marketplace StockX hits back at Nike over claims of counterfeit shoe sales
Online resale marketplace StockX is hitting back at Nike’s claims that the site has been allowing sales of counterfeit versions of its sneakers. StockX, in a response to Nike’s allegations, defended its anti-counterfeiting measures and said Nike itself had previously praised them, according to a draft of a court filing seen by CNBC. The response […]
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Starbucks is looking externally for its next CEO, Howard Schultz says
Starbucks Chairman and CEO Howard Schultz speaks at the Annual Meeting of Shareholders in Seattle, Washington on March 22, 2017. Jason Redmond | AFP | Getty Images Starbucks’ next CEO will come from outside the company, interim leader Howard Schultz told The Wall Street Journal. Schultz returned for his third stint in the top job […]
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Walmart welcomes back annual hometown bash as retailer acknowledges new challenge of inflation
Doug McMillon, president and CEO of Walmart Inc. Corporation, participates in a Business Roundtable discussion on the”Future of Work in an Era of Automation and Artificial Intelligence”, during a CEO Innovation Summit, on December 6, 2018 in Washington, DC. Mark Wilson | Getty Images FAYETTEVILLE, Ark. — Thousands of Walmart employees gathered at a huge […]
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Kohl’s sale negotiations could drag on for weeks, possibly longer, amid market volatility
The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for a deal to come together, a person familiar with the situation told CNBC. The dialogue has been particularly lengthy because of the difficulty in securing financing in uncertain market […]
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‘Buy now, pay later’ loans make it tough to get a handle on your credit
Payment history often not reported BNPL companies generally don’t report to the credit-scoring companies when consumers use these loans. That makes it a challenge for a lender to know how many loans a consumer has outstanding. “That makes a big difference in terms of how much you should loan,” said Kenneth Lin, CEO of fintech […]
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Walmart to open high-tech fulfillment centers to ship online orders faster
Walmart is building four high-tech fulfillment centers that will simplify and speed up the picking and packing of online orders. The first one will open this summer in Joliet, Illinois. Walmart Walmart is building warehouses with a high-tech spin in hopes of delivering items to customers more quickly and growing its online business. The retailer […]
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Lululemon raises guidance for the year as earnings and sales beat expectations
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue that outpaced Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its outlook for fiscal […]
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Starbucks union creates $1 million fund to cover lost pay for striking baristas
A protester waves a sign that read "unionize" near the Country Club Plaza Starbucks store where dozens of Starbucks employees and union supporters protested alleged anti-union tactics by the company Thursday, March 3, 2022. Jill Toyoshiba | Tribune News Service | Getty Images The union backing organizing efforts at Starbucks is creating a $1 million […]
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Walmart bets on its thousands of stores as it seeks to take e-commerce market share from Amazon
BENTONVILLE, Arkansas — Walmart’s cavernous stores are known for aisles of low-priced groceries, paper towels and apparel. Now, those big boxes are hubs for its e-commerce business, serving as launch pads for delivery drones, automated warehouses for online grocery orders and departure locations for direct-to-fridge drop-offs. Eventually, they will help pack and ship goods for […]
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