Mall owners and retailers are trying to cater to teens and twenty-somethings with unique store features, such as selfie mirrors or videos, and experiences such as pop-up concerts. Editor’s note: This is the second story in a three-part CNBC series about the future of U.S. shopping malls, as developers transform the spaces to add new […]
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It comes a day after a judge blocked the planned tie-up. “This is clearly an attempt to deflect responsibility following Kroger’s written notification of Albertsons’ multiple breaches of the agreement, and to seek payment of the merger’s break fee, to which they are not entitled,” the company’s statement said.
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The department store operator cut its earnings outlook and slightly raised its full-year revenue forecast, while still projecting a sales decline. Spring said on the company’s earnings call that the investigation found the employee “acted alone and did not pursue these acts for personal gain.” Shares of the company closed the day down nearly 1%, […]
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Amazon’s marketplace accounts for more than half of all goods sold by the retailer. Representatives from both companies declined to provide specific terms of the agreement, including how revenue will be shared.
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The company hiked its full-year outlook slightly to reflect better-than-anticipated results. Here’s what the beauty retailer reported for the three-month period ended Nov. 2 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
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The discounter has felt pressure as Walmart, Amazon, Temu and others offer convenient digital ways to shop, along with low prices. Dollar General, on the other hand, typically does not share updates or specific figures about its e-commerce business in quarterly earnings reports because of its heavy reliance on brick-and-mortar sales.
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The decision caused more than 48,000 Prime members to see slower delivery speeds than the rest of the district, despite paying the same subscription fee. Nantel said Amazon has offered to work with the AG’s office on efforts “to reduce crime and improve safety in these areas.”
Read MoreCompany-specific problems such as messy stores, worker safety concerns and limited e-commerce businesses have also hurt the dollar stores. And the past two years of high inflation have played out differently than in the Great Recession, Piper Sandler’s Keith said. During the roughly 2007-to-2009 period, middle- and upper-income households started shopping more at the dollar […]
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Retailers and brands told CNBC they continue to invest in TikTok Shop even though a potential Jan. 19 ban grows nearer. Sporting a sparkly dress and a Santa hat atop her distinctly pink hair, Sarah Potempa stood in front of her smartphone at her hair-care company’s warehouse in Waukegan, Illinois. It was time to go […]
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As shoppers have less money to go around, they are cutting out weaker retailers, said Neil Saunders, managing director of GlobalData Retail. Choosy consumers have made the gulf between successful and struggling retailers even more stark heading into the holiday shopping season, said Neil Saunders, managing director of GlobalData Retail. Holiday spending in November and […]
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