E.l.f. Beauty is planning to walk back some of the tariff-fueled price increases it implemented less than a year ago after the retailer has seen a slide in demand that’s ramped up in recent months as consumers contend with higher gas prices. “Whenever you take a price increase that’s that big, you’re going to see…
The founder of Authentic Brands Group, the management firm behind dozens of retail and media names including Reebok, Champion and Brooks Brothers, said he expects to take the company public in the next 12 months as he announced a former Wynn Resorts CEO will be its next chief executive. In an exclusive interview with CNBC’s…
Lowe’s on Wednesday reported quarterly results that beat expectations on the top and bottom lines and reaffirmed its full-year outlook. Revenue jumped about 10% compared with the previous year. Comparable sales increased 0.6% for the quarter, driven by what Lowe’s said was its spring execution and a 15.5% growth in online sales. “Roughly 60% to…
A detailed view of an LED board displaying the Fanatics logo during first half of the match between the Houston Dash and the Denver Summit FC at Shell Energy Stadium on May 9, 2026 in Houston, Texas. Maria Lysaker | Nwsl | Getty Images Fanatics plans to launch its first credit card later this year,…
From the Dayton, Ohio, suburbs to boardrooms in Dallas, the employees fueling AT&T’s next wave of growth aren’t fresh-faced college graduates with expensive four-year degrees. They’re skilled, blue-collar workers ready to get their hands dirty — and AT&T can’t find enough of them. “We need people who know how to actually work with electricity. We…
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is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show.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…
Starbucks’ corporate headquarters seen in Seattle. The company announced its Q2 earnings on 27th Apr 2021. Toby Scott | Lightrocket | Getty Images Starbucks on Friday announced another round of corporate layoffs and said it plans to shutter some regional support offices as part of its ongoing turnaround. The company said it will cut 300…
Shares of Ben & Jerry’s parent company Magnum Ice Cream Company jumped as much as 18% after Reuters reported that Blackstone and CD&R are among firms in the early stages of exploring a bid for the company. It comes just six months after it spun off from Unilever to create the world’s largest standalone ice…
Burberry‘s full-year results marked a “meaningful inflection point,” the company said Thursday, as the luxury group reported sales growth boosted by strong demand from its key Americas and China markets. But Burberry stock slipped 6.84% by 11.21 a.m. in London (6:21 a.m. ET) as a weaker performance in Europe and the Middle East weighed on…
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Retailers are ramping up hiring this year, defying economic concerns as consumers keep shopping. The retail trades added nearly 22,000 jobs in April, accounting for almost one-fifth of…
