Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles: Costco Wholesale. The Detroit automaker said it’s increasingly using the retail giant’s Costco Auto Program … Read more
A shopper browses a selection of body boards outside a Five Below store in Bloomington, Illinois, on July 25, 2018. Daniel Acker | Bloomberg | Getty Images While inflation is showing signs of easing, consumers in the country may still be feeling its effects for quite some time, according to Joel Anderson, CEO of discount … Read more
The PGA Tour and the Saudi-backed LIV Golf have been in active discussions, according to a person familiar with the matter, one year after the two entities stunned the world and announced on CNBC that they had agreed in principle to join forces. The talks between the tour and the Saudi Public Investment Fund, which … Read more
BENTONVILLE, Ark. — When Gil Curren’s family moved into a run-down farmhouse in Walmart’s hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn’t yet a decade old. Sometimes, the nearby creek would flood, and cows would break loose onto the dirt road in front of his home. Now, when the 88-year-old retiree looks outside … Read more
Lululemon‘s growth in the Americas, its largest market, appears to be stalling after the retailer on Wednesday reported flat comparable sales in the region and weak guidance for the current quarter. The athletic apparel retailer handily beat Wall Street’s earnings estimates, but only narrowly topped revenue expectations. Lululemon’s full fiscal year guidance suggests the company … Read more
American sportswear fashion brand Champion store seen in Hong Kong. Chukrut Budrul | SOPA Images | Sipa via AP Images Brand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is considering offloading the sportswear line amid pressure from activist investors, CNBC has learned. … Read more
Walmart on Wednesday said it will offer new training programs and certifications to fill high-demand roles across its business, such as HVAC technicians, opticians and software engineers. The big-box retailer said it will also offer another reason for hourly store workers to stick around: a bonus of up to $1,000 per year. Walmart, the nation’s … Read more
An exterior view of a Dollar Tree store in Bloomsburg Pennsylvania. Paul Weaver | Sopa Images | Lightrocket | Getty Images Dollar Tree announced Wednesday it is considering a sale of its more grocery-focused Family Dollar brand. The company had recently shared plans to close almost 1,000 Family Dollar stores in an attempt to revamp … Read more
A view of the street near the Dubai Mall in Dubai, United Arab Emirates on November 29, 2023. Jakub Porzycki | Nurphoto | Getty Images DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get even bigger with a planned expansion that will cost an … Read more
Costco has multiple levers of growth at its disposal, which should lead to a further boost in the stock even after its already impressive year-to-date gains. Shares dropped more than 2% on Friday despite the warehouse retailer’s after-the-bell quarterly beats on earnings and revenue. The stock closed Thursday’s regular session at a record high of … Read more
