Lululemon is showing its teeth. The Vancouver-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show. The letter, Lululemon’s first major public response to…
President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal. Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more…
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images Amazon pressured major brands like Levi Strauss & Co. and Hanes to inflate prices of listings on rival online marketplaces as part…
The war with Iran will remain the dominant driver of the market action in the week ahead, as investors hope for a resolution to the conflict. But it will influence the market in other ways too: On Friday, we’ll get our first look at how the war-related surge in oil prices is showing up in…
CNBC’s Jim Cramer outlined Thursday what investors should watch in the week ahead, including Middle East developments, major earnings releases and key economic prints. The “Mad Money” host’s weekly game plan follows a volatile session on Wall Street. Stocks ripped higher Thursday on media reports that Iran is working with Oman to draft a protocol…
Scott Bessent, US treasury secretary, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, Feb. 5, 2026. Kent Nishimura | Bloomberg | Getty Images The U.S. on Thursday launched new trade investigations into 60 economies to determine whether they failed to curb imports of goods made with…
If you’ve been online the past month at all, you likely encountered at least one hyper-saturated, neon-colored throwback post captioned somewhat along the lines of: “2026 is the new 2016.” What started as a social media meme could be lighting the fire for a broader shift in the cultural zeitgeist that might also boost retail…
Levi Strauss CEO Michelle Gass was out for a run in San Francisco last March when she first heard the song “Levii’s Jeans” from Beyonce’s latest album, “Cowboy Carter.” “Literally, I got chills,” Gass recounted to CNBC, adding the name-check represented a “once in a lifetime” marketing opportunity she couldn’t afford to squander. “She is one…
Jodie Foster, Billie Perkins, and Robert De Niro perform a scene in Taxi Driver directed by Martin Scorsese in 1976 in New York, New York. Michael Ochs Archives | Moviepix | Getty Images In the dwindling days of the California gold rush, the wife of a local miner faced a problem. Her husband’s denim work…
Black Friday early morning shoppers rush in as the doors are opened at a Walmart store in Fairfax, Virginia, Nov. 28, 2008. Gerald Martineau | The Washington Post | Getty Images Black Friday has long been defined by massive crowds, rock-bottom prices and rabid consumers willing to bite, scratch and claw their way to the…
