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Retail
Nordstrom (JWN) earnings Q2 2024
Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesNordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making…
Stock market rotation back? Plus, the mob scene at Costco’s new store in
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Rotation back: The S & P 500 and Nasdaq were lower to start…
Restaurants fight FTC junk fee crackdown over surcharges
Leopatrizi | E+ | Getty ImagesLawmakers want to crack down on "junk fees," but restaurants are trying to stay out of the fight.Surcharges or fees covering everything from credit card processing to gratuities to "inflation" have become…
Two-day shipping Americans now expect faces a climate change threat
Customers have come to expect when they order something online, it arrives in two days or less. But with increasing adverse weather events like Houston's heatwaves, Florida's hurricanes and other extreme storms, it's getting harder to…
Debate on whether to trim Best Buy ahead of next week’s earnings
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 Friday's key moments. Stocks rallied Friday after Federal Reserve Chairman Jerome Powell's dovish Jackson Hole…
Walmart adds Burger King benefit for Walmart+ members
A Burger King Whopper hamburger is displayed in San Anselmo, California.Justin Sullivan | Getty ImagesWalmart members are in for a whopper of a deal.The retailer on Thursday announced a new partnership with fast food chain Burger King…
Amazon’s cloud unit may need to pass the profit growth baton to e-commerce
Amazon needs to make more money from its retail business at a time when the bar is already high and short-attention-span consumers are looking for bigger and better bargains. Starting in 2025, "the retail business has big shoes to fill…
Beyoncé launches whiskey line with LVMH’s Moët Hennessy
Moët Hennessy SirDavis American Whisky.Courtesy: Moët HennessyBeyoncé is holding her whiskey up high.The megastar is entering the luxury liquor business with the launch of a new whiskey line in collaboration with LVMH's Moët Hennessy,…
Some families say back-to-school shopping will put them in debt
A Target store in Queens, New York.Lindsey Nicholson | UCG | Universal Images Group | Getty ImagesThe back-to-school shopping season is in full swing, with the hefty bills to prove it.Nearly one-third — 31% — of back-to-school shoppers…
Cramer says Walmart’s big quarter may not represent the consumer
CNBC's Jim Cramer reviewed Walmart's quarter, suggesting the big-box retailer's strong results are due to its successful business strategy and aren't necessarily indicative of a favorable consumer landscape."Don't make the mistake of…