Retail
Savers Value Village thrift store launches new AI tool to price items
Savers Value Village is launching a new AI pricing tool to keep product prices consistent and low, the company told CNBC exclusively.
Tanger CEO says World Cup drove up traffic, sales this summer
Tanger CEO Stephen Yalof told CNBC that the company saw increased store traffic and sales this summer because of the World Cup.
To keep growing, incoming Best Buy CEO says he first wants to go smaller
As incoming CEO Jason Bonfig prepares to take the reins, he told CNBC he’s focused on expanding the company’s reach and enhancing the customer experience.
Nike was once China’s sneaker king. Here’s why its sales have fallen 30%
China was once Nike’s fastest-growing region but the company has lost relevance among young consumers and ceded market share to smaller, domestic brands.
Shein says it’s under investigation by the Federal Trade Commission as it prepares for Hong Kong IPO
Shein disclosed the FTC is investigating its U.S. business, but the nature of the probe is unclear.
Nike to cut off thousands of online distributors in China, restructure digital footprint
Nike is streamlining its online business in China as the company looks to stabilize pricing and branding and get back to growth.
Inside the Chinese fraud rings stealing billions from banks and retailers
Chinese organized crime groups are making as much as $1 billion annually in tap-to-pay fraud schemes targeting retailers and banks.
Levi Strauss beats quarterly expectations, raises guidance and dividend
Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.
Nike is set to report earnings after the bell. Here’s what to expect
Nike is expected to report another quarter of declining sales as the sneaker giant struggles to regain strength under its turnaround strategy.
How Kohl’s lost its way — and is trying to become relevant again
Kohl’s went from a household name to a plunging stock as it lost relevancy and its core customer. Now, the company is trying to turn itself around.