Retail industry
Fanatics will host a skills challenge between fans and celebrities, with $2 million on the line
Tom Brady attends Fanatics Fest NYC 2024 at Jacob Javits Center in New York City on Aug. 16, 2024. Dave Kotinsky | Getty Images Entertainment | Getty Images Sports giant Fanatics is pitting fans against greats Tom Brady, Kevin Durant and Alex Rodriguez at an upcoming marketing event. The company announced Tuesday it is introducing […]
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Levi Strauss to sell Dockers to brand management firm Authentic Brands Group
The Levi’s brand logo on a store. Jens Kalaene | Picture Alliance | Getty Images Levi Strauss has agreed to sell Dockers to brand management firm Authentic Brands Group for $311 million, the companies announced Tuesday. Under the terms of the deal, Authentic will own Dockers’ intellectual property while Centric Brands will take on operations, […]
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Home Depot will report earnings before the bell. Here’s what to expect
A customer pushes a shopping cart in front of a Home Depot store on Feb. 25, 2025 in San Rafael, California. Justin Sullivan | Getty Images Home Depot will report quarterly earnings and revenue on Tuesday as the retailer contends with high interest rates, a sluggish housing market and tariff-related cost pressures. Here’s what Wall […]
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Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
U.S. births rose by 1% in 2024, with 3.6 million births recorded for the year, according to the CDC’s National Center for Health Statistics. SAN DIEGO, CALIFORNIA – OCTOBER 26: A woman pushes a stroller while walking along the La Jolla coastline at sunset on October, 2024 in San Diego, California. (Photo by Kevin Carter/Getty […]
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Jim Cramer’s top 10 things to watch in the stock market Monday
My top 10 things to watch Monday, May 19 1. Bonds are crushing stocks this morning, with the 30-year Treasury yield north of 5% and the 10-year Treasury yield topping 4.5%, in response to Moody’s downgrading its rating on U.S. sovereign debt. The S & P 500 is on track to open lower by about […]
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Bath & Body Works names recent Nike executive as its new CEO, effective immediately
Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024. Justin Sullivan | Getty Images Bath & Body Works has a new chief executive officer, its second in less than 3 years. The personal care, home and beauty retailer has named Daniel Heaf as its new CEO, effectively immediately, […]
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Wealthy shoppers are splashing the cash on jewelry — so long as it’s the right brand
A shopper passes a jewelry display in the window of a Van Cleef & Arpels luxury goods store, operated by Cie. Richemont SA, on via Montenapoleone in Milan, Italy. Bloomberg | Getty Images With a diamond encrusted ring here and a rare gemstone necklace there, the world’s wealthiest are continuing to adorn themselves with the […]
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Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images President Donald Trump blasted Walmart on Saturday after the country’s largest retailer warned this week that it will have to raise prices because of tariffs. “Walmart should STOP trying to blame Tariffs as the reason […]
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Shares of Cartier owner Richemont jump 7% as shoppers splurge on jewelry despite luxury slowdown
A Cartier de Panthere wristwatch on display at a Cartier luxury goods store, operated by Cie. Financiere Richemont. Bloomberg | Getty Images Cartier owner Richemont on Friday posted better-than-expected fiscal fourth-quarter sales, as the wealthiest spenders continued to shrug off global macroeconomic uncertainty. Revenues at the Swiss luxury group rose 7% year-on-year at constant exchange rates to […]
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Big Chinese companies like Alibaba show that AI-powered ads are giving shopping a boost
Key Points Alibaba, Tencent and JD.com reported earnings this week that reflected improving Chinese consumer spending, and the growing benefits of artificial intelligence in advertising. “The e-commerce and ad revenues were positive surprises as there were expectations tariffs would affect consumer behavior,” said Kai Wang, Asia equity market strategist at Morningstar. However, a Morgan Stanley […]
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