-
Target to Give Employees Bonuses After Strong Holiday Season, Extends COVID-Related Benefits
Target said it will give $500 bonuses to all hourly workers and $1,000 to $2,000 bonuses to those in leadership roles.
-
‘No Time to Die,' ‘Ghostbusters: Afterlife,' Among Latest Hollywood Film Delays
On Thursday MGM and Sony both announced that major films from their 2021 slate would be postponed. Among those titles are the latest James Bond flick “No Time to Die” and “Ghostbusters: Afterlife.”
-
Taco Bell's Mea Culpa to Vegetarians: Potatoes Are Back and It Will Test Beyond Meat Menu Item
Taco Bell is bringing back its popular potatoes and will test Beyond Meat’s beef substitute in a bid for vegetarian customers.
-
Urban Outfitters Shares Tumble on Disappointing Holiday Sales, Retailer Taps Harrington as CEO
Urban Outfitters shares tumbled after the apparel retailer reported disappointing holiday sales and announced its current chief executive is set to depart.
-
Walmart Will Test Grocery Deliveries to a Smart Cooler on Customers' Doorsteps
Walmart is launching the pilot as more customers look for convenient and contact-free ways to stock their fridges.
-
Walmart to Create Fintech Start-Up With Investment Firm Behind Robinhood
The retail giant interacts with millions of customers, including some who don’t have a relationship with a bank or a financial advisor.
-
Shake Shack Stock Jumps 6% After Burger Chain Says Sales Grew in Latest Quarter
Shares of Shake Shack rose 6% in morning trading after the company said its fiscal fourth-quarter revenue grew, following several quarters of sales declines.
-
Driven by Digital, UK Entertainment Revenues Topped $12 Billion Last Year
Today’s homes boast a wide range of technologies and connected devices.
-
Ben & Jerry's Debuts Frozen Dog Treats, a Passion Project Inspired by Its Pet Friendly Workplace
The ice cream maker has developed Doggie Desserts, two flavors of frozen treats that will be sold at grocery and pet stores
-
Main Street Looks Ahead to PPP Relaunch as Covid Outbreak Grows More Severe
Lending advocates are hopeful the funding will help to bridge the gap for small companies and minority-owned businesses that may have missed out last year.
-
Victoria's Secret Parent L Brands Says Holiday Same-Store Sales Rose 5%, Offers Upbeat Profit Outlook
L Brands said its same-store sales during the holiday period were up 5%, compared with a 3% drop a year earlier.
-
Starbucks Promotes Rachel Ruggeri to CFO as Pat Grismer Retires, Reiterates Outlook
Ruggeri will be CFO when Grismer retires on Feb. 1.
-
Surge in Online Shopping Is Straining America's Busiest Port, Official Says
Shipments processed at the Port of Los Angeles were up 22% in November as American consumers bought more goods online, Executive Director Gene Seroka said.
-
Holiday Gift-Card Buying Could Help Boost Retail Sales in 2021, Ex-Walmart Exec Says
“They might not redeem their cards until the second quarter, and it may trickle in during the course of the year,” former Walmart U.S. CEO Bill Simon said.
-
Former Macy's CEO Expects Retail Closures to Continue Into 2021 as Covid Persists
“Retailers who have a weak balance sheet today aren’t going to get relief in January. It’s going to get tougher,” ex-Macy’s CEO Terry Lundgren told CNBC.
-
The Holidays Could Make Or Break Struggling Stores
Clothing stores and specialty retailers are offering big discounts and heavily promoting curbside pickup in hopes of rescuing a lackluster holiday shopping season
-
Coca-Cola Will Cut 2,200 Jobs Worldwide as Part of Restructuring Plan
Coca-Cola will cut about 2,200 jobs in its global workforce as part of a broader restructuring of its business.
-
Adidas Will Keep Opening New Stores Despite Covid E-Commerce Surge, CEO Says
“We think the stores are still here to stay, but coupled much closer to the online experience,” Adidas CEO Kasper Rorsted told CNBC.
-
British Retailers Are Set for a Bumper — But Very Different — Holiday Shopping Season
The coronavirus crisis has caused serious challenges for many retailers but experts say there are reasons to be positive ahead of the holiday shopping season.
-
Costco CEO Says Company Is Doubling Down on Brick-And-Mortar, Even as It Invests in E-Commerce
“It’s still important to get people physically in the stores. I still think brick-and-mortar is not going to go away,” Costco CEO Craig Jelinek told CNBC.