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May 23, 2022

Retail industry

Asian grocery start-up Weee! draws shoppers with tradition, tech and a dash of Hollywood

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CNBC – For more and to sign up click here Online grocery delivery start-up Weee! encourages customers to share videos of recipes and favorite items on its app. It specializes in hard-to-find Asian foods, along with fruits, vegetables and other staples. Weee! Online grocery start-up Weee! specializes in hard-to-find foods......

Ex-Amazon engineers roll out their smart shopping carts in Albertsons stores

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CNBC – For more and to sign up click here Albertsons is deploying self-checkout grocery carts in some of its locations to try to make in-person shopping easier as consumers head back to brick-and-mortar stores. The carts are made by Veeve, a Seattle-based start-up founded by two former senior Amazon......

Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

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CNBC – For more and to sign up click here Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Kohl’s on Thursday said final and fully-financed bids from potential buyers are expected in the coming weeks, as......

Kohl’s says two top executives are leaving, as company seeks buyer

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CNBC – For more and to sign up click here Vehicles sit parked in front of a Kohl’s department store in Ashland, Ky. Luke Sharrett | Bloomberg | Getty Images Kohl’s said Wednesday that it is losing two of its top executives, as the retailer searches for a potential buyer......

Under Armour CEO Patrik Frisk to step down, interim chief will take over June 1

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CNBC – For more and to sign up click here Patrik Frisk, recently appointed Chief Executive Officer Of Under Armour, speaks at the 2020 Under Armour Human Performance Summit on January 14, 2020 in Baltimore, Maryland. Olivier Douliery | AFP | Getty Images Under Armour said its president and chief......

Here’s what Walmart, Target, Home Depot and Lowe’s tell us about the state of the American consumer

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CNBC – For more and to sign up click here Compilation of Target, Walmart, Lowe’s and Home Depot stores. Reuters How well is the American consumer holding up against sky-high inflation? It depends on whom you ask. Four major retailers — Walmart, Target, Home Depot and Lowe’s — reported quarterly......

Cramer rips Target for blindsiding investors. Turns out it did even worse than Walmart

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CNBC – For more and to sign up click here Jim Cramer says the retailers should have preannounced the bad news. Source – Click here for more To Return to the Main Aggregate News Page – click here...

Lowe’s sales miss expectations as cool spring weather weighs on demand for outdoor products

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CNBC – For more and to sign up click here A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Lowe’s on Wednesday missed Wall Street’s sales expectations for the first......

Target will report its earnings before the bell. Here’s what to expect

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CNBC – For more and to sign up click here Target will report earnings before the bell Wednesday, shedding light on consumer spending as prices rise from inflation and pre-pandemic expenses like commutes, dining out and summer vacations return. Here’s what Wall Street is expecting for the fiscal first quarter,......

Stock futures dip as Wall Street looks to build on recent rebound

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CNBC – For more and to sign up click here U.S. stock futures were lower early Wednesday morning as investors looked to build on a solid Tuesday rally. Futures for the Dow Jones Industrial Average shed 88 points, or 0.27%. S&P 500 futures sat 0.42% lower while Nasdaq 100 futures......

Shares of Shopee-owner Sea surge 14% after stronger-than-expected revenue

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CNBC – For more and to sign up click here Singapore, Singapore – 2021: A large Shopee logo at the entrance to the e-commerce platform’s headquarters at Science Park. (Exact photography date unknown due to incorrect camera settings) Kokkai | Istock Unreleased | Getty Images Shares of Southeast Asia’s e-commerce......

Mastercard launches tech that lets you pay with your face or hand in stores

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CNBC – For more and to sign up click here Mastercard’s biometric checkout technology lets users pay by scanning their face or palm. Mastercard Mastercard is piloting new technology that lets shoppers make payments with just their face or hand at the checkout point. The company on Tuesday launched a......

Chinese e-commerce giant JD beats estimates despite slowest quarterly revenue growth on record

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CNBC – For more and to sign up click here Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations......

Walmart will report earnings before the bell. Here’s what to expect

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CNBC – For more and to sign up click here Workers move shopping carts outside a Walmart store in Lakewood, California, US, on Sunday, May 15, 2022. Bing Guan | Bloomberg | Getty Images Walmart will report earnings on Tuesday before the bell, as investors and economists look for clues......

Home Depot raises full-year outlook after earnings beat, record first-quarter sales

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CNBC – For more and to sign up click here Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record. Shares of the company rose 4% in premarket trading. Here’s what Home Depot reported compared with what Wall......

Starbucks to cover employees’ travel expenses for abortions, gender-affirming surgeries

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CNBC – For more and to sign up click here Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Starbucks said Monday it will start covering eligible travel expenses for employees seeking abortions or gender-affirming procedures. The coffee chain joins Amazon, Apple,......

Burning waste to make energy: How Amazon, American Airlines and Subaru are trying to get out of landfills

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CNBC – For more and to sign up click here In northern California’s Stanislaus County, next to a landfill, there’s a company managing waste in a very different way: by burning trash instead of burying it. The energy recovery facility run by New Jersey-based Covanta harnesses steam to make enough......

The plant-based food industry is facing a reset as Beyond Meat and Oatly shares suffer

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CNBC – For more and to sign up click here In this photo illustration Oatly oat milk is shown on May 20, 2021 in Chicago, Illinois. Scott Olson | Getty Images Wall Street appears to be souring on plant-based substitutes. Shares of Beyond Meat and Oatly have shed more than......

Buy now, pay later is not a boom, it’s a bubble, Harvard researcher says

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CNBC – For more and to sign up click here Most people love the convenience of buy now, pay later. Since the start of the coronavirus pandemic, installment payments have exploded in popularity along with a general surge in online shopping. Initially, spreading out the cost of a big-ticket purchase —......

Coach owner Tapestry predicts China troubles will start to ease in June

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CNBC – For more and to sign up click here Customers walk past a Coach store at Shanghai New World Daimaru department store on August 12, 2019 in Shanghai, China. VCG | Visual China Group | Getty Images Coach owner Tapestry shares climbed nearly 16% Thursday after the retailer said......

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