When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture … Read more
Tommy | Digitalvision Vectors | Getty Images Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish … Read more
(This is CNBC Pro’s live coverage of Tuesday’s analyst calls and Wall Street chatter. Please refresh every 20-30 minutes to view the latest posts.) A media giant and a sports betting company were among the stocks being talked about by analysts on Tuesday. Goldman Sachs initiated coverage of Disney with … Read more
Shoppers at a shopping center in Birmingham, United Kingdom, on February 11, 2024. Nurphoto | Nurphoto | Getty Images Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers are suddenly spending more on discretionary goods – it’s because they’re executing well and cash-strapped shoppers are choosing them over competitors. … Read more
Chinese-founded fast fashion behemoth Shein isn’t just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it’s also trying to win over the broader U.S. retail industry. It’ll have to go through the National Retail Federation first. Shein, which filed to go … Read more
A customer uses a credit card to pay for items January 28, 2022 at a retail shop in New York City. Robert Nickelsberg | Getty Images Department stores like Macy’s and Kohl’s have long used store-branded credit cards to drive purchases and get a cut of cash. Starting this spring, … Read more
A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations. Sales at Old … Read more
