Chipotle Mexican Grill misses expectations for earnings, revenue and same-store sales

A Chipotle restaurant and signage is seen on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill on Tuesday reported weaker-than-expected quarterly earnings and revenue, signaling that its price hikes may finally be alienating customers. In October, CEO Brian Niccol said the company saw “minimal resistance” to higher prices for … Read more

Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy

A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond will live to see another day – at least for now. The beleaguered home goods retailer is expecting to receive more than $1 billion in … Read more

Mediterranean restaurant chain Cava confidentially files for an IPO

A logo outside of a Cava restaurant location in Chantilly, Virginia. Kristoffer Tripplaar | Sipa USA | AP Mediterranean chain Cava announced Monday it has confidentially filed for an initial public offering. It’s the first restaurant company so far this year to take the first step toward a public market debut, following a drought of … Read more

Amid food inflation, more shoppers turn to dollar stores for groceries

A man looks at frozen foods for sale at a Dollar Store in Alhambra, California on August 23, 2022. Frederic J. Brown | AFP | Getty Images Among all rising costs, sky-high grocery bills have been especially painful. Although the consumer price indexan inflation gauge that measures the cost of a broad basket of goods … Read more

Nordstrom stock surges after report says activist investor Ryan Cohen bought a stake

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Mark Makela | Getty Images Shares of Nordstrom surged Friday morning following news that activist investor and meme stock maven Ryan Cohen bought a stake in the high-end department store company. The stock was up about 30% … Read more

Starbucks is about to report earnings. Here’s what to expect

A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California. Lucy Nicholson | Reuters Starbucks is expected to report its fiscal first-quarter earnings after the bell Thursday. Here’s what Wall Street analysts surveyed by Refinitiv are expecting: Earnings per share: 77 cents expected Revenue: $8.78 billion expected Shares … Read more

Jim Cramer’s Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. Don’t sell Meta Look past Eli Lilly’s tough quarter Chance to buy Estee Lauder 1. Don’t sell Meta Shares of Meta Platforms (META) soared more than 25% Thursday morning, to … Read more

Venture capital for Black entrepreneurs plummeted 45% in 2022, data shows

Bea Dixon, the CEO and co-founder of The Honey Pot Company Courtesy: Honey Pot Company In 2016, Beatrice Dixon had finally secured a deal with Target to carry her line of feminine care products. But she had one problem: She was still making them in the kitchen of her Atlanta home, and she needed to … Read more

Why Amazon Marketplace didn’t survive in China

China’s e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies. Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded … Read more

Sandwich chain Subway’s sales climb as turnaround takes hold ahead of potential sale

An employee halves a Subway sandwich at a Subway restaurant on January 12, 2023 in Austin, Texas. Brandon Bell | Getty Images Subway said its same-store sales climbed 9.2% in 2022, signaling the sandwich chain’s turnaround is taking hold as it reportedly explores a sale. The company is not required to disclose its financial results … Read more

Fanatics to start livestreamed shopping of trading cards, collectibles

New York, NY. – December 7th. Portrait for a profile on Fanatics founder & CEO Michael Rubin at his office in downtown NYC. The Washington Post | Getty Images Fanatics is moving into livestreamed shopping around collectibles and trading cards, hiring a former Snap and Alphabet executive to launch its new business later this year. … Read more

Peloton CEO doesn’t care that equipment is losing money, sees path forward in the app

Barry McCarthy speaks during an interview with CNBC on floor of the New York Stock Exchange (NYSE), October 28, 2019. Brendan McDermid | Reuters Peloton CEO Barry McCarthy told investors Wednesday he doesn’t care that the company is losing money on its Bike, Tread and Row equipment. The business’s “path to the promised land,” he … Read more

Peloton shares jump after fitness company posts subscription revenue growth

Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton said Wednesday its net loss narrowed year over year, and, for the third quarter in a row, subscription revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy … Read more

Robots could surpass workers at Amazon by 2030, Cathie Wood says

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images The growth of automation in the workplace will accelerate this decade, with robot workers possibly surpassing human employees … Read more

Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’ 

A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China’s Hainan Province, January 15, 2022. Zhou Huimin | Xinhua News Agency | Getty Images Stocks of many luxury fashion houses reliant on Chinese consumers rallied on China’s reopening, but those … Read more

Here’s why Nike is suing Lululemon over shoe designs

Nike is suing Lululemon for patent infringement related to at least four of the apparel company’s shoes, extending a contentious legal history between the two companies. In the complaint, filed Monday in Manhattan federal court, Nike claims it has suffered economic harm and irreparable injury as a result of Lululemon’s sale of the Chargefeel Mid, … Read more

McDonald’s is about to report earnings. Here’s what to expect

A sign is posted in front of a McDonald’s restaurant on April 28, 2022 in San Leandro, California. Justin Sullivan | Getty Images McDonald’s is expected to report its fourth-quarter earnings before the bell Tuesday. Here’s what analysts surveyed by Refinitiv are expecting the company to report: Earnings per share: $2.45 expected Revenue: $5.69 billion … Read more

Jim Cramer’s Investing Club meeting Monday: Dow stocks, Fed, Ford

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Stick to Dow stocks Watch wage inflation Monitor Ford price cuts 1. Stick to Dow stocks The S & P 500 and Nasdaq Composite fell on Monday ahead of a … Read more

Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs

Walmart has rolled out a new look at five flagship stores, including its big-box store in Teterboro, NJ. The remodeled stores have brighter lighting, mannequins and roomier aisles. Melissa Repko | CNBC As Walmart‘s low-priced groceries attract shoppers, the retailer is rolling out a fresh strategy aimed at wooing them into other aisles: stores with … Read more

Hasbro warns of weak holiday quarter results, cuts 15% of its workforce

Game maker Hasbro Justin Sullivan | Getty Images Hasbro said Thursday it would eliminate around 1,000 employee positions and warned of weak holiday-quarter results. Shares of the toy maker fell more than 6% in extended trading. “Despite strong growth in Wizards of the Coast and Digital Gaming, Hasbro Pulse, and our licensing business, our Consumer … Read more

Luxury retailer LVMH is optimistic as it sees Chinese shoppers and tourists returning

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo Fuentes | Reuters Luxury giant LVMH said China’s wealthy consumers have started returning to stores after the country’s reopening and it remains optimistic about the … Read more

Bed Bath & Beyond shares plunge after retailer warns it doesn’t have the cash to pay down debts

Signage is seen through an overturned shopping cart outside a Bed Bath & Beyond Inc. store in Greendale, Wisconsin. Daniel Acker | Bloomberg | Getty Images Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts and it has defaulted on its credit line with JP Morgan, warning once … Read more

Dollar General hit by more worker safety fines at Florida, Alabama stores

A Dollar General store in Creve Coeur, Illinois. Daniel Acker | Bloomberg | Getty Images Dollar General has been hit with more fines for worker safety violations, this time for issues at three Southeast stores amounting to $387,000, the Department of Labor said Thursday. Federal inspectors with the department’s Occupational Safety and Health Administration found … Read more

Walmart-owned Sam’s Club plans to open about 30 new stores over next five years

Shoppers stock up on merchandise at a Sam’s Club store in Streamwood, Illinois. Scott Olson | Getty Images Walmart-owned Sam’s Club on Thursday said it will open more than 30 new stores in the U.S., marking its most aggressive expansion in years. The warehouse club’s next store is expected to open in Florida in 2024. … Read more

Chipotle seeks to hire 15,000 restaurant workers ahead of busy spring months

A “Now Hiring” sign is displayed in front of a Chipotle restaurant on October 07, 2022 in Washington, DC. Anna Moneymaker | Getty Images Chipotle Mexican Grill is seeking to hire 15,000 restaurant workers ahead of its busiest time of the year, which runs from March to May. In recent months, restaurants have found it … Read more