Retail industry

Bed, Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell entire stake

Bed, Bath & Beyond shares fall after investor Ryan Cohen reveals intent to sell entire stake

Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares tumbled in extended trading Wednesday after activist investor Ryan Cohen said in a filing he intends to sell his entire stake in the retailer through his firm RC Ventures. According to a Form 144 that …

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US retail sales were flat in July as inflation takes a toll

US retail sales were flat in July as inflation takes a toll

WASHINGTON — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Retail purchases were flat after having risen 0.8% in June, the Commerce Department reported Wednesday. Economists had expected a slight increase in July retail sales. Still, Wednesday’s …

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Target’s earnings take a huge hit as retailer sells off unwanted inventory

Target’s earnings take a huge hit as retailer sells off unwanted inventory

A sign outside of a Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images Target on Wednesday said its quarterly …

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Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands

Deliveroo first-half losses widen as food delivery firm plans exit from the Netherlands

A Deliveroo rider near Victoria station on March 31, 2021 in London, England. Dan Kitwood | Getty Images Losses at British meal delivery firm Deliveroo swelled in the first half of 2022 while revenue growth slowed dramatically, as the disappearance of pandemic restrictions and a rise in the cost of living dented demand for online …

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Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Howard Schultz David Ryder | Reuters Some restaurants are reporting weaker sales or declining traffic in the second quarter, signaling that diners are cutting back on eating out to save money. But CEOs are split on how consumer behavior is changing and whether it’s impacting their companies. McDonald’s Chris Kempczinski and Chipotle Mexican Grill’s Brian …

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Bed Bath & Beyond is discontinuing a private brand as it tries to reverse declining sales

Bed Bath & Beyond is discontinuing a private brand as it tries to reverse declining sales

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond is axing one of its private labels, Wild Sage, about a year after the company made an aggressive push into exclusive brands, at the …

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Alibaba could see first revenue decline on record but analysts expect sales recovery later this year

Alibaba shares jump 7% after quarterly earnings beat expectations

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba reported fiscal first-quarter earnings on Thursday that beat …

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Alibaba could see first revenue decline on record but analysts expect sales recovery later this year

Alibaba could see first revenue decline on record but analysts expect sales recovery later this year

Alibaba has faced growth challenges amid regulatory tightening on China’s domestic technology sector and a slowdown in the world’s second-largest economy. But analysts think the e-commerce giant’s growth could pick up through the rest of 2022. Kuang Da | Jiemian News | VCG | Getty Images Alibaba’s revenue could decline for the first time on …

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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. It’s not time to be greedy Oil drops Quick mentions: WMT, COST, DHR, CRM, LLY AMD earnings this week 1. It’s not time to be greedy Stocks were a mixed …

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Starbucks union asks coffee giant to extend pay hikes, benefits to unionized stores

Starbucks union asks coffee giant to extend pay hikes, benefits to unionized stores

With pay increases set to kick in at Starbucks cafes around the U.S. on Monday, labor organizers are asking the coffee giant to extend the benefits to unionized stores as well without going through the bargaining process. The request comes after Starbucks announced in May that it would hike wages for workers and add other …

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