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NEIL SAUNDERS


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3 days ago

Build-A-Bear continues to rack up market gains, despite tariffs and teetering mall traffic

Read full article: Build-A-Bear continues to rack up market gains, despite tariffs and teetering mall traffic

Tariffs and years of teetering mall traffic have roiled much of the toy industry.

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Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

Read full article: Home Depot stores, long a hub for day laborers, now draw immigration agents out on raids

Home Depot stores in Southern California have long been an informal hub for day laborers in the country both legally and illegally who are seeking work.

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American Eagle counts new customers after Sydney Sweeney ad frenzy and shares soar

Read full article: American Eagle counts new customers after Sydney Sweeney ad frenzy and shares soar

Shares of American Eagle Outfitters spiked 34% Thursday after the teen clothing retailer said the frenzy surrounding its Sydney Sweeney ad campaign drew new customers during its most recent quarter.

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Home Depot's sales improve as customers stay focused on smaller projects

Read full article: Home Depot's sales improve as customers stay focused on smaller projects

Home Depotโ€™s sales improved during its fiscal second quarter as consumers remained focused on smaller projects amid cost concerns, but its performance missed Wall Streetโ€™s expectations.

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Claire's, known for piercing millions of teens' ears, files for Chapter 11, 2nd time since 2018

Read full article: Claire's, known for piercing millions of teens' ears, files for Chapter 11, 2nd time since 2018

Mall-based teen retailer Claireโ€™s, known for helping to usher teens into a key rite of passage _ ear piercing _ but now struggling with a big debt load and changing consumer tastes, filed for Chapter 11 bankruptcy protection.

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Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit

Read full article: Nike shares soar on its production shift away from China, but warns of a $1 billion tariff hit

Nikeโ€™s shares are rising sharply after saying it plans to shift some of its production away from China.

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Dollar General posts record sales as bargain stores attract more people anxious about the economy

Read full article: Dollar General posts record sales as bargain stores attract more people anxious about the economy

Dollar General set a quarterly sales record of $10.44 billion and it upgraded its annual profit and sales outlook as Americans tighten their budgets and spend more at dollar stores and off-price retailers amid economic uncertainty.

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What customers can expect as Rite Aid closes or sells all its drugstores

Read full article: What customers can expect as Rite Aid closes or sells all its drugstores

Rite Aid customers can expect their local store to close or change ownership in the next few months as the struggling drugstore chain goes through another bankruptcy filing.

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Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection

Read full article: Forever No More. Operator of mall staple Forever 21 files for bankruptcy protection

Forever 21 has filed for bankruptcy protection for a second time and plans to close down its U.S. business as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.

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Major retailers tamper expectations for 2025 as Americans slow their spending

Read full article: Major retailers tamper expectations for 2025 as Americans slow their spending

Some retailers are beginning to take a more cautious approach with their financial forecasts as they keep a closer eye on signs of a pullback in consumer spending.

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Trump pauses tariffs on millions of low-value packages from China

Read full article: Trump pauses tariffs on millions of low-value packages from China

President Donald Trump has paused the imposition of tariffs on small-value packages arriving from China.

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Costco successfully defends its diversity policies as other US companies scale theirs back

Read full article: Costco successfully defends its diversity policies as other US companies scale theirs back

Costco has claimed victory in pushing back on a shareholder proposal that urges the wholesale club operator to conduct an evaluation of any business risks posed by its diversity, equity and inclusion practices.

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Bath & Body Works sees strong sales in Q3, raises full-year outlook

Read full article: Bath & Body Works sees strong sales in Q3, raises full-year outlook

Bath & Body Works fiscal third-quarter performance topped analystsโ€™ estimates thanks to strong sales and the retailer boosted its full-year outlook.

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Walgreens to close 1,200 stores as US pharmacies struggle to define a new role

Read full article: Walgreens to close 1,200 stores as US pharmacies struggle to define a new role

Walgreens is planning to close around 1,200 locations, as the drugstore chain and its rivals struggle to define their role for U.S. shoppers who no longer look to them first for convenience.

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Owner of the 7-Eleven convenience store chain gets takeover bid from Canadaโ€™s Couche-Tard

Read full article: Owner of the 7-Eleven convenience store chain gets takeover bid from Canadaโ€™s Couche-Tard

The owner of 7-Eleven convenience stores has received a buyout offer for from Canadaโ€™s Alimentation Couche-Tard.

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Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024

Read full article: Home Depot, sensing uneasy economic vibe from homeowners and contractors, trims outlook for 2024

Home Depotโ€™s second quarter sales rose slightly as the nationโ€™s biggest home improvement retailer booked gains from a recent acquisition, but customers reined in spending because of broadly higher costs and elevated interest rates.

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Drugstores tinker with new looks as their usual way of doing business faces challenges

Read full article: Drugstores tinker with new looks as their usual way of doing business faces challenges

Americaโ€™s drugstores are testing smaller locations and more ways to offer care as more store closings loom.

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Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion

Read full article: Parent company of Saks Fifth Avenue to buy Neiman Marcus for $2.65 billion

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake.

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Trader Joe's upped the price of its bananas for the first time in decades. Here's why

Read full article: Trader Joe's upped the price of its bananas for the first time in decades. Here's why

It may not be too โ€œappeeling,โ€ but the price of some bananas are rising by a few cents.

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Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management

Read full article: Macy's rejects $5.8B takeover bid from Arkhouse Management, Brigade Capital Management

Macyโ€™s rejected a $5.8 billion takeover offer from investment firms Arkhouse Management and Brigade Capital Management, saying they didnโ€™t provide a viable financing plan.

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CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt

Read full article: CVS Health turns in better-than-expected 2Q even as pharmacy pricing, increased care use hurt

CVS Health topped second-quarter expectations, but the health care giantโ€™s profit sank as pricing pressure hurt its drugstores and a jump in care use hit the insurance side.

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Nostalgia sells; nostalgia with a twist can be a smash

Read full article: Nostalgia sells; nostalgia with a twist can be a smash

Nostalgia sells and marketers know it, having used the brands of yesteryear fully aware that consumers will willingly open their wallets to scratch that sentimental itch.

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Bed Bath & Beyond 3Q results miss Street as sales slide 33%

Read full article: Bed Bath & Beyond 3Q results miss Street as sales slide 33%

Bed Bath & Beyondโ€™s fiscal third-quarter sales fell 33% as the home goods company struggles to strike the right balance with its shoppers.

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Home Depot tops expectations again, but sticks by outlook

Read full article: Home Depot tops expectations again, but sticks by outlook

Home Depot easily topped expectations for both profit and revenue in the third quarter, but investors are spooked because the company is sticking by projections it put out earlier this year.

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Bed Bath & Beyond to close stores, cut jobs in rebound bid

Read full article: Bed Bath & Beyond to close stores, cut jobs in rebound bid

Bed Bath & Beyond says that it will shutter stores and lay off workers in a bid to turn around its beleaguered business.

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After rough run, Kohl's surges on potential takeover

Read full article: After rough run, Kohl's surges on potential takeover

Shares of the department store Kohlโ€™s are up more than 11% after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion.

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Best Buy lowers outlook as Q1 results show inflation's bite

Read full article: Best Buy lowers outlook as Q1 results show inflation's bite

Best Buy Co. has posted first-quarter results that showed shoppers pulled back on their spending and higher costs ate into profits.

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Peloton headwinds stiffen as people break pandemic routines

Read full article: Peloton headwinds stiffen as people break pandemic routines

Pelotonโ€™s uphill ride to get more sales just got rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options.

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Retail sales rise 0.5% in March amid soaring inflation

Read full article: Retail sales rise 0.5% in March amid soaring inflation

Retail sales rose modestly in March, but higher prices for food, gasoline and other basics took a big share of consumers' wallets.

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Amazon shuttering its physical bookstores and 4-star shops

Read full article: Amazon shuttering its physical bookstores and 4-star shops

Amazon is closing all of its brick-and-mortar bookstores, as well as its 4-star shops and pop up locations.

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Home Depot sales continue to surge in hot housing market

Read full article: Home Depot sales continue to surge in hot housing market

Home Depotโ€™s sales continued to climb through third quarter with the U.S. housing market red hot.

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Retail sales climb despite rising prices, supply issues

Read full article: Retail sales climb despite rising prices, supply issues

Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots and restaurants as snarled global supply chains slow the flow of goods.

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Home Depot sales climb again, but DIY frenzy may be cooling

Read full article: Home Depot sales climb again, but DIY frenzy may be cooling

Home Depotโ€™s sales continued to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.

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New year, same results; Home Depot sales boom in 1Q

Read full article: New year, same results; Home Depot sales boom in 1Q

Home Depot continues to fill the needs of the surging housing market during the pandemic, with fiscal first-quarter sales soaring and blowing past Wall Streetโ€™s expectations.

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Funky electronics chain Fry's is no more

Read full article: Funky electronics chain Fry's is no more

FILE- In this Oct. 21, 2009 file photo, a small crowd begins to gather outside a Fry's Electronics store in Renton, Wash. The electronics chain is permanently closing, citing the struggles it faced as a retailer during the coronavirus pandemic. Frys Electronics Inc. said it stopped regular operations and began the wind-down process of its business on Wednesday, Feb. 24, 2021. (AP Photo/Ted S. Warren, File)SAN FRANCISCO โ€“ Fry's Electronics, the go-to chain for tech tinkerers looking for an obscure part, is closing for good. โ€œFryโ€™s was really a business build for the 1980s electronics boom.

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In year of pandemic, Home Depot became supplier to millions

Read full article: In year of pandemic, Home Depot became supplier to millions

Passers-by walk near an entrance to a Home Depot home improvement store Sunday, Feb. 21, 2021, in Boston. Home improvement stores became a beehive during the pandemic with millions working from home and attending school remotely. โ€œIt is easy to look at Home Depotโ€™s numbers and chalk up its success to the pandemic,โ€ Saunders said Tuesday. The Atlanta company on Tuesday said that it was not providing annual guidance for the year, citing the uncertainty of the pandemic. Given the huge numbers Home Depot put up in 2020, that dispirited investors, and shares fell more than 3% at the opening bell.

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Home Depot's same-store sales surge in final quarter of 2019

Read full article: Home Depot's same-store sales surge in final quarter of 2019

Home Depot reported a better-than-expected fourth quarter with strong comparable-store sales. For the three months ended Feb. 2, Home Depot Inc. earned $2.48 billion, or $2.28 per share. That's better than the per-share earnings of $2.11 projected by industry analysts, according to a survey by Zacks Investment Research. Sales at stores open at least a year rose 5.2%, which was also better than analysts had expected. Home Depot anticipates earnings this year of about $10.45 per share, far better than analysts projections of $10.08.

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Marshalls opens its first online store

Read full article: Marshalls opens its first online store

The discount retailer has done just fine without an online store, but now is finally launching one. The latter has had an online store for several years. Neil Saunders, managing director at GlobalData Retail, told CNN Business that an online store for Marshalls was likely low on TJX's list because it was focused on expanding its profitable physical locations. He cautioned that TJX be careful that its online store doesn't cannibalize its stores. "One of the key things about the off-price model is that people will bargain hunt in a physical stores, which doesn't always translate online," he said.

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Burger King selling $1 tacos nationwide

Read full article: Burger King selling $1 tacos nationwide

(CNN) - Burger King is trying to get customers' attention with something a little different: Tacos. Burger King first tested out tacos in western states. "We've seen success with tacos in those restaurants and knew it was time to bring this west coast favorite nationwide," Chris Finazzo, president of North America for Burger King, said in a statement. They could distract Burger King from focusing on creating growth within its main menu, Saunders said. But "sometimes you get the impression that Burger King chases after the shiny objects rather than focusing on the core business."

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