Retail industry
QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | Reuters QVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its business and broaden its audience. Beginning Wednesday, hosts from […]
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Tequila maker says tariffs won’t affect his prices. Here’s why he plans to absorb costs
Suerte Tequila’s dedicated factory and agave farm in Jalisco Mexico. Courtesy: Suerte Tequila While some tequila makers have warned they might have to implement price hikes to offset tariffs, Colorado-based Suerte Tequila said it has been able to keep overhead prices low enough that it will absorb the levies if necessary. The Jalisco-made tequila label […]
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Primark boss Marchant resigns after ‘error of judgment’ with a woman
Primark store at the Queens Center mall in Elmhurst, NY. Melissa Repko | CNBC The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an “error of judgment” towards a woman in a social situation late last year. Parent-company Associated British Foods said in a statement on Monday […]
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Canadians pull back on U.S. trips, threatening to widen United States’ $50 billion travel deficit
Canadians hold an “Elbows Up” protest against U.S. tariffs and other policies by U.S. President Donald Trump, at Nathan Phillips Square in Toronto, Ontario, Canada March 22, 2025. Carlos Osorio | Reuters Canadians are skipping trips to the U.S. and visitors from other countries could soon follow threatening to deepen the United States’ $50 billion […]
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We’re buying more shares of 2 stocks as the broader market sinks further
We’re making our first trades of the week. We are buying 25 shares of Danaher at roughly $207 each. Following Friday’s trade, Jim Cramer’s Charitable Trust will own 550 shares of DHR, increasing its weighting to 3.5% from 3.35%. We are buying 10 shares of Home Depot at roughly $358. Following the trade, the Trust […]
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Alibaba has staged a quiet $100 billion rally — AI and Jack Ma’s return are at the heart of it
The Alibaba office building in Nanjing, Jiangsu province, China, on Aug. 28, 2024. CFOTO | Future Publishing | Getty Images In November 2023, Jack Ma posted an internal memo at Alibaba, urging the e-commerce giant he helped create to “correct its course.” The message was as a rallying cry by one of China’s most prominent […]
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Lululemon beats on earnings but issues underwhelming guidance
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. Shares of the apparel company fell about 6% in extended trading. Here’s how the company did compared with […]
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Dollar Tree says it’s winning over higher-income shoppers and may offset tariffs with price hikes
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs. The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% […]
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Stephen Curry teams up with Michelle Obama to launch sports drink
Plezi Nutrition, the public benefit company co-founded by Michelle Obama, has created a new sports drink with Stephen Curry. Four-time NBA champion Stephen Curry is teaming up with former first lady Michelle Obama to release a healthier sports drink option. Curry and Obama on Wednesday announced the launch of Plezi Hydration, through Obama’s public benefit […]
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Chinese bubble tea chain Chagee files for U.S. initial public offering
Pedestrians walk past a CHAGEE store in Shanghai, China on March 14, 2025. CFOTO | Future Publishing | Getty Images Chinese bubble tea chain Chagee filed for a U.S. initial public offering on Tuesday, seeking to trade on the Nasdaq using the ticker “CHA.” The IPO filing comes as the company prepares to open its […]
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