Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal…
The Starbucks headquarters is seen at Starbucks Center on July 3, 2024 in Seattle, Washington. David Ryder | Getty Images Starbucks corporate employees will have to return to the office four days a week starting in October, the company announced Monday. For workers who would prefer to leave the company instead of heading back to…
Connor Blakley Jams founder Jams The classic peanut butter and jelly sandwich is getting a modern day upgrade and backing from some top athletes. Jams, a new company created by 26-year-old Connor Blakley, launched Monday and hopes to take on Smucker’s Uncrustables as the next locker room and lunch box staple. Like Uncrustables, the sandwiches…
A variety of school supplies, including lunch boxes and backpacks in different colors and patterns, are on display for the upcoming school year. Deb Cohn-Orbach | UCG | Universal Images Group | Getty Images Although inflation is cooling, President Donald Trump’s new tariff rates are threatening to drive prices higher, which could leave some parents in a bind…
A general exterior view of the Brunello Cucinelli luxury fashion label store in Sloane Street, Knightsbridge on February 17, 2025 in London, United Kingdom. John Keeble | Getty Images News | Getty Images Soaring sales at exclusive Italian fashion line Brunello Cucinelli indicate the super-rich are shrugging off tariff concerns even as lesser luxury brands…
Kansas City Chiefs quarterback Patrick Mahomes has added “coffee entrepreneur” to his already packed resume. The three-time Super Bowl champion has invested in Throne Sport Coffee, adding to the 29-year-old superstar’s portfolio off the field. As his Chiefs and the rest of the NFL gear up for the upcoming season, Mahomes spoke to CNBC about…
As President Donald Trump intensifies his trade war to stack up tariffs on many Asian countries that produce the goods that consumers in the U.S. rely on, low-cost Asian retail upstarts Temu and Shein may yet find a way back to big success in the U.S. market. The Asian rivals to Amazon were directly targeted…
Workers perfom their duties at the Nien Hsing Textile factory, a global manufacturer of Levi’s jeans, on the outskirts of Maseru, the capital of Lesotho, a small Southern African kingdom that U.S. President Donald Trump ridiculed last month, April 4, 2025. Siphiwe Sibeko | Reuters Levi Strauss raised its full-year guidance Thursday and said it’s…
President Donald Trump‘s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii…
There’s no better time to stick with Costco than right now, Jim Cramer says, on the back of the company’s solid June sales report late Wednesday. “You’re going to want to stay with Costco because that’s going to be the way you fight inflation,” Jim said Thursday on “Squawk on the Street,” a day after…
