Retail industry

How private equity rolled Red Lobster

Angry that your favorite Red Lobster closed down? Wall Street wizardry had a lot to do with it. Red Lobster was…

British retail sales plunge 2.3% in April, missing estimates

LONDON — U.K. retail sales volumes dropped 2.3% in April as wet weather deterred shoppers, the Office for National Statistics…

Biden takes credit for Target grocery price cuts: ‘They’re answering the call’

President Joe Biden took a victory lap after Target announced it was lowering prices on groceries and other items —…

Some consumers are punting big purchases like pools and mattresses

Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates…

Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon

Higher-income consumers may be creating a frothy situation at Walmart. Even though affluent shoppers helped drive the retailer’s latest beat…

Canada Goose jumps 16% after the company reports growth surge in China

Shares of Canada Goose surged 16% on Thursday after the company reported earnings for the fiscal fourth quarter and announced…

Target says Pride collection will appear in ‘select’ stores, cuts LGBTQ apparel for kids

Target will limit which stores sell LGBTQ-themed products following last year’s firestorm over its decision to sell products designed for…

Walmart-backed fintech One introduces buy now, pay later as it prepares bigger push into lending

Walmart’s majority-owned fintech startup One has begun offering buy now, pay later loans for big-ticket items at some of the…

Nordstrom shares jump 9% on report retailer is trying to go private

Nordstrom shares closed 9% higher on Tuesday following a report that the department store chain is attempting to go private.…

Consumer spending rebounded in February, according to the CNBC/NRF Retail Monitor

Consumer spending bounced back in February from a January dip, with a little help from leap day. But sales still…