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Walmart-backed fintech One introduces buy now, pay later
  + stars: | 2024-04-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart-backed fintech One introduces buy now, pay laterCNBC's Melissa Repko and Hugh Son join 'Power Lunch' to report on. Walmart’s fintech startup One beginning to offer buy now, pay later loans for big-ticket items at some stores in the U.S.
Persons: Melissa Repko, Hugh Son Organizations: Walmart Locations: U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's shutdowns: How other retail competitors are smelling opportunityCorey Tarlowe, Jefferies equity analyst, joins 'The Exchange' with CNBC's Melissa Repko to discuss how consumer habits benefit certain retailers, why some retailers are closing stores while others report strong earnings, and more.
Persons: Corey Tarlowe, CNBC's Melissa Repko Organizations: Jefferies
CVS Health plans to close select pharmacies inside Target stores early this year, a company spokesperson said Thursday, as retail pharmacy chains in the U.S. struggle to boost profits. She added that employees affected by the closures will be offered comparable roles within CVS, and prescriptions will be transferred to a nearby CVS pharmacy before a location closes. The spokesperson did not disclose how many stores would be shuttered, but a report from The Wall Street Journal on Thursday said CVS would close "dozens" of locations. The company has a pharmacy in about 1,800 of Target's 1,956 stores in the U.S., according to a Target spokesperson. The Target spokesperson declined to comment on the closures or share plans for the closed CVS locations.
Persons: Melissa Repko Organizations: CVS, Wall, Oak Street Health, CNBC, CNBC PRO Locations: U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart looking for new ways to attract sellers to its third-party marketplaceCNBC's Melissa Repko joins 'Power Lunch' to report on Walmart looking for new ways to woo sellers to its third-party marketplace.
Persons: Melissa Repko Organizations: Walmart
Back-to-school spending expected to hit record highs
  + stars: | 2023-08-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBack-to-school spending expected to hit record highsSandra Campos, Fashion Launchpad founder, and CNBC's Melissa Repko join 'Power Lunch' to discuss the increase in back-to-school college spending.
Persons: Sandra Campos, Melissa Repko Organizations: Fashion
Freebies fade away: Retailers make perks harder to get
  + stars: | 2023-08-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFreebies fade away: Retailers make perks harder to getCNBC's Melissa Repko and Leslie Josephs join 'Power Lunch' to discuss the change in companies' rewards and perks programs for consumers.
Persons: Melissa Repko, Leslie Josephs
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStudent loan repayment has net negative impact on consumers, says KeyBanc's Bradley ThomasBradley Thomas, managing director at KeyBanc Capital Markets, and CNBC's Melissa Repko join 'The Exchange' to discuss how student loan repayment will negatively impact consumer discretionary spending, what companies are poised to benefit from the shift in consumer spending, and how retailers are preparing for the Supreme Court ruling on student debt forgiveness.
Persons: KeyBanc's Bradley Thomas Bradley Thomas, Melissa Repko Organizations: KeyBanc
Here's why Walmart is an outlier in a retail industry
  + stars: | 2023-06-02 | by ( Melissa Repko | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Walmart is an outlier in a retail industryCNBC's Melissa Repko joins 'Squawk on the Street' to report on the latest from Walmart's shareholder meeting in Arkansas.
Persons: Melissa Repko Organizations: Walmart Locations: Arkansas
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy’s slashes its full-year outlook after earnings beat, revenue missCNBC's Melissa Repko joins 'Squawk Box' to break down the retailer's quarterly earnings results.
Persons: Melissa Repko
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMacy's moving out of shopping malls in favor of small 'Market by Macy's' storesCNBC's Melissa Repko joins 'Power Lunch' to talk about Macy's new 'Market by Macy's' stores as the retail chain moves out of traditional shopping malls.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart sells Bonobos for $235 million less than it's purchase priceCNBC's Melissa Repko joins 'TechCheck' to discuss Walmart selling Bonobos, and Walmart focusing on simplifying their e-commerce brands.
Walmart has sold menswear brand Bonobos to brand management firm WHP Global and Express in a $75 million deal announced Thursday. WHP, which took a 60% stake in Express in December, will acquire the Bonobos brand for $50 million, the company said in a news release. In a statement, a Walmart spokesperson said the company decided "it's the right time to sell Bonobos" after nearly six years. Last February, Bonobos launched Bonobos Fielder – a more affordable riff on the original brand that sold athleisure on its website, Walmart.com and select Walmart stores. Bonobos CEO John Hutchinson will become brand president of Bonobos and report to Baxter after the deal closes.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart's betting big on automation to boost productivity and profitsCNBC's Melissa Repko joins 'Power Lunch' to report her key takeaways from the recent Walmart's two-day investor meeting in Tampa, Florida.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart sees 65 percent of stores serviced by automation by the end of 2026CNBC's Melissa Repko joins 'Closing Bell: Overtime' to report on the latest from Walmart.
The last discretionary holdout: Beauty and consumer demand
  + stars: | 2023-03-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe last discretionary holdout: Beauty and consumer demandCNBC's Melissa Repko joins 'Power Lunch' to report on the last discretionary holdout in beauty and consumer.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBest Buy teams up with Atrium to install home health-monitoring systemCNBC's Melissa Repko reports on news from Best Buy and Atrium.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere is going to be a tightening on consumer spending, says Kantar Retail's David MarcotteDavid Marcotte of Kantar Retail and CNBC's Melissa Repko join 'Power Lunch' to discuss retail earnings and whether investors should be concerned that the worst is yet to come.
Shop or Drop? WMT, HD, LOW & TGT
  + stars: | 2023-02-17 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailShop or Drop? WMT, HD, LOW & TGTSimeon Gutman, Morgan Stanley and CNBC's Melissa Repko join 'The Exchange' to discuss retail stocks ahead of earnings, including Walmart, Home Depot, Lowe's and Target.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is slowing but high prices of consumer goods remain stickyCNBC's Melissa Repko and Steve Liesman join 'Power Lunch' to discuss about sticky inflation in consumer goods, private label as an alternative to high prices from vendors, and hotspots for ongoing service inflation.
Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. Comparable sales declined 32% year over year in the most recent fiscal quarter, ended Nov. 26. Last week, CNBC reported Bed Bath had begun another round of layoffs in an attempt to further cut costs. One possible buyer circling Bed Bath is private equity firm Sycamore Partners, according to the people familiar with the discussions. Bed Bath has also drawn interest from companies that acquire the intellectual property, or brands, of companies, particularly those under distress, the people said.
Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. Rent the Runway CEO Jennifer Hyman said the relationship could be a "key engine" of growth for the retailer. "It really brings Rent the Runway much wider brand awareness," Hyman said in an interview with CNBC. The resale market, and Amazon's wide customer base, offer a path to profitability, Hyman said. The total resale market in the U.S. is on track to top $64 billion by the end of 2024, according to research firm GlobalData.
Consumers tap savings and credit during the holiday season
  + stars: | 2022-12-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers tap savings and credit during the holiday seasonCNBC's Melissa Repko reports on the strength of the consumer.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPivotal January for retailers looking to rebound from awful yearCNBC's Melissa Repko on why January could be a big month for retailers. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Dan Nathan, Steve Grasso and Carter Worth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere are the post-holiday shopping trends to watch in JanuaryRetailers are about to close out a make-or-break month, but January is also shaping up to be important. CNBC's Melissa Repko joins 'Squawk Box' to break down the details.
Retail giant Walmart enters 'buy now, pay later' space
  + stars: | 2022-12-09 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail giant Walmart enters 'buy now, pay later' spaceCNBC's Melissa Repko joins 'Closing Bell' to report on Walmart getting into the buy now, pay later space by backing a fintech startup.
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