Shein US IPO is dead, experts say

The Shein logo can be seen on a smartphone, while the Chinese online retailer’s website is open on a laptop.  Monika Skolimowska | Picture Alliance | Getty Images China-founded e-commerce company Shein’s hopes of going public in the United States are growing slimmer by the day, according to experts, as rising tensions between Beijing and … Read more

Stock splits are back in fashion. Here’s why, and which companies could be next

Stock splits, long out of favor, are making a comeback. It started with Walmart, which announced a 3-for-1 stock split on Jan. 30, with the additional shares being distributed on Feb. 23. And from there, it picked up steam. On Thursday, Williams-Sonoma announced a 2-for-1 split, and on Wednesday, Broadcom announced a 10-for-1 split. Notable … Read more

IPO boom looks to break new records

A Swiggy delivery agent as seen in Kolkata , India , on 3 July 2023 . Famous food delivery company Swiggy faced a loss over 80% in 2022 according to investor filling. (Photo by Debarchan Chatterjee/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter … Read more

Blistering AI demand drives a beat and raise

Broadcom shares surged more than 14% in extended trading Wednesday after the chip and software maker delivered better-than-expected quarterly results, driven by strong artificial intelligence and VMware demand. Broadcom also raised its full-year outlook and announced a 10-for-1 stock split. Revenue in the Club name’s fiscal 2024 second quarter ended May 5 increased 43% year … Read more

Jake Paul launching men’s skin care line at Walmart

Jake Paul is launching a personal care brand geared toward men. Courtesy: W Jake Paul is entering a new arena: skin care. The YouTube influencer turned-boxer announced on Wednesday the launch of “W,” a skin care company targeted toward men. The personal care line, which will feature products priced at less than $10, will be … Read more

Walmart hometown Bentonville Arkansas gets more expensive

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

Hanesbrands receives broad interest for Champion sale

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 rolls out new job training program, bonuses for associates

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

Dollar Tree (DLTR) earnings Q1 2024

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

Next drivers of Costco growth after a great quarter and a stock near records

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