Nike shoes and logo are seen at a store in Nice, France on May 28, 2024. Jakub Porzycki | Nurphoto | Getty Images Shares of Nike plunged on Thursday after […]
Retailers like Gap and Foot Locker had a strong week. That doesn’t spell a consumer comeback
The Gap logo is displayed at a Gap store in Los Angeles, April 25, 2023. Mario Tama | Getty Images Retail’s biggest winners during first-quarter earnings aren’t thriving because consumers […]
Foot Locker stock surges 13% as turnaround shows signs of life
Foot Locker’s turnaround is starting to bear some fruit. The sneaker giant saw comparable sales decline 1.8% during its fiscal first quarter, far better than the 3.1% drop off that […]
Wells Fargo CEO talks up reasons to love the stock — plus, what's behind the market drop
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market […]
Eli Lilly's big GLP-1 investment — plus, what we want from 4 portfolio stock earnings
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 Friday’s key moments. 1. Wall Street was bouncing […]
Inside the organized crime rings plaguing retailers including Ulta, T.J. Maxx and Walgreens
In a tony suburban enclave in the San Diego foothills, police say, an organized retail crime “queenpin” had built an empire. Tucked behind the stone walls of her 4,500-square-foot Spanish-style […]
Foot Locker shares plunge nearly 30% as retailer posts holiday loss, delays key financial target
Shares of Foot Locker plummeted about 30% on Wednesday after the sneaker retailer reported a holiday-quarter loss, issued weak guidance for the current year and said it’s behind on meeting […]
Shares of Wilson tennis racket maker Amer Sports drop after first earnings report
Shares of Amer Sports, the maker of Wilson tennis rackets and Lousiville Slugger baseball bats, fell on Tuesday after the company reported strong sales in China but a slowdown in […]
4 stock ideas I brought back from the JPMorgan Healthcare Conference and everything else I learned about the industry
Health care may be a real challenger to tech this year, a business that can actually grow faster than most of tech and has the possibility of a comeback from […]
Wolverine World Wide sells Sperry to Authentic Brands Group in shoe retail deal
Sperry Top-Sider Bill fish Tan and Beige. Mayra Beltran | Houston Chronicle | Getty Images Wolverine World Wide has sold Sperry to brand management firm and Reebok owner Authentic Brands […]