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November 29, 2020

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Black Friday 2020 online shopping surges 22% to record $9 billion, Adobe says

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CNBC – For more and to sign up click here Customers queue outside Bath & Body Works during black Friday. Shoppers go to stores to take advantage of Black Friday sales during the COVID-19 pandemic. SOPA Images | LightRocket | Getty Images Spending online on Black Friday this year surged......

Black Friday may have undergone a ‘fundamental change’ due to the coronavirus pandemic

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CNBC – For more and to sign up click here The coronavirus pandemic caused retailers to shift their approach to the holiday shopping season, opening the promotional window for Black Friday deals much earlier than years past. And some in the retail industry believe the adaptions may become standard practice......

Profits are ‘soaring’ for large retailers—but frontline workers are barely earning more

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CNBC – For more and to sign up click here A new report from the Brookings Institute finds that while top retailers’ profits have “soared” during the coronavirus pandemic, pay for frontline workers has barely budged. Brookings analyzed the earnings and compensation of frontline employees at 13 of the biggest......

Thanksgiving Day online sales hit record $5.1 billion, up 21.5% from last year, Adobe says

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CNBC – For more and to sign up click here Some shoppers may be avoiding stores during the coronavirus pandemic, but they’re still putting many items in the virtual shopping cart. Thanksgiving Day spending rose by 21.5% year over year to $5.1 billion, hitting a new record, according to Adobe......

Amazon gives front-line workers a $300 holiday bonus

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CNBC – For more and to sign up click here An Amazon warehouse Getty Images Amazon is providing front-line workers a one-time bonus to share its appreciation for their work heading into “the peak of the holiday season,” the company announced Thursday. In a blog post, Dave Clark, Amazon’s senior vice......

The athleisure market is heating up as consumers flock to ‘comfort in uncomfortable times’

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CNBC – For more and to sign up click here The front of an Old Navy store this holiday season, which now features an assortment of loungewear, pajamas and athletic apparel. Source: Gap Inc. If you walk into any Old Navy store this holiday season, you’ll notice a plethora of......

Amazon Web Services outage causes issues for Roku, Adobe

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CNBC – For more and to sign up click here Attendees at Amazon.com Inc annual cloud computing conference walk past the Amazon Web Services logo in Las Vegas, Nevada, U.S., November 30, 2017. Salvador Rodriguez | Reuters Amazon‘s cloud-computing service on Wednesday was hit with an outage that took down......

Investors try to gauge if retail’s stay-at-home trends will stick as Covid vaccine is in sight

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CNBC – For more and to sign up click here A near empty parking lot in front of a Best Buy store in Montebello, California on April 15, 2020 as the electronics nationwide chain store remains closed to customers but open for pickups. Frederic J. Brown | AFP | Getty......

‘Black Friday has turned into Cyber Month’ – here are the best deals

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CNBC – For more and to sign up click here Black Friday — the biggest shopping day of the year — is no longer the day after Thanksgiving. Instead of one-day doorbuster deals, retailers like Walmart and Home Depot have been rolling out discounts in the days, or even weeks,......

Jim Cramer unveils list of ‘return to normalcy’ stocks to buy on vaccine optimism

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CNBC – For more and to sign up click here After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks. “I think you have to buy a couple of......

‘We haven’t learned’: Grocery workers face new challenges as Covid worsens, pandemic fatigue sets in

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CNBC – For more and to sign up click here An employee bags a customer’s purchases at a Kroger store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images For some grocery workers who stock shelves and check out customers, the past few weeks have felt like deja vu.......

Retail trade group sees holiday sales up 3.6% to 5.2%, posting ‘strong finish’ to 2020 in spite of pandemic

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CNBC – For more and to sign up click here Consumers begin their Black Friday specials shopping as Macys opens their doors at 5pm on Thanksgiving Day on November 28, 2019 in New York. Bryan R. Smith | AFP | Getty Images Retailers could end up having a strong finish......

So long doorbusters! Retailers put deepest discounts online after weeks of deals

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CNBC – For more and to sign up click here People shop at Macy’s Herald Square during early opening for the Black Friday sales in New York City, November 28, 2019. Andrew Kelly | Reuters On Thanksgiving Day, eager bargain hunters usually head to the store and shoulder their way......

Black Friday is almost here. And shoppers are more anxious than ever.

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CNBC – For more and to sign up click here A shopper uses his phone while wearing a face mask due to the coronavirus disease (COVID-19) pandemic outside the Christiana Mall in Newark, Delaware U.S. November 19, 2020. Mark Makela | Reuters Black Friday is almost here. And consumers’ anxiety......

Retailers from Target to Kohl’s make big bets in beauty as department stores reel

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CNBC – For more and to sign up click here Fans gather at local Ulta Beauty in Houston to greet Kylie Jenner at the launch of her cosmetics line on November 18, 2018 in Houston, Texas. Rick Kern | Getty Images Some retailers are betting that lip glosses, eye shadow......

Former Chewy CEO tries to push GameStop to become the Amazon of the video-game industry

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CNBC – For more and to sign up click here Game Stop store in New York City. Michael Brochstein | LightRocket | Getty Images The shift away from brick-and-mortar retailers in favor of online shopping has hurt GameStop over the past decade, pushing the company’s stock down nearly 40% in......

Wish releases its filing to go public, shows slow growth and steady losses

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CNBC – For more and to sign up click here E-commerce marketplace Wish filed its IPO prospectus with the Securities and Exchange Commission on Friday, joining a number of technology companies that have looked to debut before the end of the year. Wish’s parent company, ContextLogic, plans to list its......

Jim Cramer: Ten ‘up stocks’ to bet on a year-end rally

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CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday presented a year-end list of what he calls “up stocks” that investors can buy to bet on a market rally through the end of the year. “We call them up stocks, the ones that go......

Target crushes estimates as retailer uses new shopper habits to gain market share

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CNBC – For more and to sign up click here Target reported Wednesday fiscal third-quarter earnings that easily outpaced analysts’ estimates as the discount retailer won market share by turning shoppers’ pandemic habits into lasting gains. The company said it grabbed market share across all of its core categories, from......

Stock futures flat after pause in the record rally

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CNBC – For more and to sign up click here U.S. stock futures were flat in overnight trading on Tuesday as investors digested the recent record rally in equities. Dow futures fell 21 points. Futures for the S&P 500 and Nasdaq-100 fell 0.04% and 0.03%, respectively. On Tuesday, the Dow......

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