The biggest year-over-year spending growth came from groceries, which jumped nearly 13% to $21.5 billion, and cosmetics, which shot up by 12.2% to $7.7 billion, the data said. Online spending rose 8.7% during the holiday season from last year, according to data from Adobe Analytics, as deals and the use of AI-powered chatbots helped inspire […]
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In a news release, the beauty retailer said the leadership changes are effective as of Monday. In recent quarters, Ulta has fought to maintain its spot as a top beauty retailer by carrying new brands, throwing more in-store events and adding additional digital tools.
Read MoreNike, the world’s largest sportswear brand, is on a mission to regain its stride after a challenging year. Analysts say a yearslong series of strategic errors led to the company’s worst trading day ever over the summer, during which shares fell 20%, wiping $28 billion off of Nike’s market cap. Last week, the company posted […]
Read MoreYet the National Tree Company said sales of artificial trees are slow, after the pandemic bump and due to inflation’s lingering impact. For the holiday season, the front lawn of the Milam family’s house in Dallas has transformed into a mini golf winter wonderland. Visitors stop by from nearly sunrise to sunset to admire the […]
Read MoreMall 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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E-commerce sales rose 13% in the quarter compared with the year-ago period. In the three-month period that ended Nov. 24, Costco’s net income rose to $1.80 billion, or $4.04 per share, from $1.59 billion, or $3.58 per share in the year-ago period. Revenue increased from $57.80 billion in the year-ago period.
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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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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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