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Retail
Nike CEO John Donahoe is out, replaced by Elliott Hill
John Donahoe, CEO of Nike, attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 10, 2024.Brendan Mcdermid | ReutersNike on Thursday announced that its CEO…
What ‘No Spend September’ is and how to know if you should participate
Solstock | E+ | Getty ImagesVictoria Szafarski currently has $10,000 in credit card debt. The New Yorker's outstanding balance peaked at $25,000 last year, before she took on a second job as a waitress for a few months. The extra cash…
Coca-Cola and Bacardi testing canned rum and cokes
Coca-Cola and Bacardi canned beverage.Courtesy: Coca-ColaCoca-Cola just ordered another round in the booming canned cocktail market. It is going with another classic, launching a canned rum and coke in collaboration with Bacardi…
Tapestry-Capri antitrust trial: Michael Kors testifies
NEW YORK CITY — In a federal courtroom on Monday, storied fashion designer Michael Kors spoke about the steep challenge of staying relevant in a world where brands can rise and fall based on viral TikTok videos and photos of handbags on…
Tapestry Capri antitrust trial: Key questions about merger
Pedestrians walk past a Coach store and a Michael Kors store.Scott Olson | Getty ImagesJust a few miles from the birthplace of Coach in New York City, a federal judge will soon decide whether its owner Tapestry can become a bag behemoth…
Here’s why Americans are going back to Chili’s
Chili's efforts to win back American consumers are working.Same-store sales, a key metric for the restaurant industry, jumped 14.8% in its fiscal fourth quarter, a significant increase as many chains struggle to bring in diners. "Our…
Shein and Temu prices poised to rise after Biden de minimis proposal
A man walking past a logo of fast fashion e-commerce company Shein outside its office in Guangzhou in southern China's Guangdong province. Jade Gao | Afp | Getty ImagesThe bottom of the barrel prices that have made Chinese-linked…
Why we started a position tied to housing and where we see this stock going
We started buying Home Depot shares last week as a play on housing and interest rates. Our initial 50-share buy was around $362. We bought 50 more shares Wednesday a few dollars higher. The Dow stock is having a mixed year — up about 7%…
Live shopping is coming to the red carpet
When viewers tune in to the 2024 MTV VMAs on Wednesday night, they'll be able to shop the outfits and designer looks they're seeing in real time, as legacy media companies look for new ways to monetize content.As part of a new…
Bank stock woes hold back the overall market, but Starbucks’ new CEO is
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. Markets : It has been a choppy session for stocks Tuesday, with…