Retail
Gap shares jump 9% after company names new Old Navy CEO to revive struggling brand
Gap announced a new CEO for Old Navy on Thursday as the brand reported a decline in comparable sales for the most recent quarter.
Dick’s Sporting Goods stock falls 20% as retailer misses expectations, cites ‘challenging’ footwear market
Dick’s Sporting Goods reported second fiscal quarter earnings on Tuesday that missed Wall Street expectations amid what it called a “challenging” environment.
Why some of America’s biggest brands are losing ground in China
Nike, Starbucks and GM have lost ground in China as domestic rivals, geopolitics and changing consumer preferences reshape the market.
Walmart will report second-quarter earnings before the bell. Here’s what to expect
Walmart is expected to report its fiscal second-quarter earnings on Thursday, offering a read on the consumer and the K-shaped economy.
Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending
Lowe’s reported mixed quarterly results as the retailer said it continued to see pressure in home improvement spending.
Home Depot reaffirms guidance amid ‘frozen housing market conditions’
Home Depot reported second fiscal quarter results that beat Wall Street expectations on the top and bottom lines.
Target is set to report earnings before the bell. Here’s what to expect
Target is expected to report its fiscal second-quarter results Wednesday morning as the retailer offers a window into its turnaround progress.
Baby products company Frida is expanding into kids’ personal care
Baby products company Frida is launching a new category of personal care items for kids, tapping into a growing market and largely untapped space.
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.