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☆ Stocks making the biggest moves premarket: Bristol-Myers Squibb, Costco, Super Micro Computer and more
▼ + stars: | 2024-09-27 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Costco Wholesale — The membership-only retailer saw shares dip about 1% after the company missed expectations for fiscal fourth-quarter revenue. Super Micro Computer — Shares of the artificial intelligence beneficiary slipped 2%, adding to their 12% loss in the previous session. The Wall Street Journal reported that the U.S. Justice Department had opened a probe on the company. Dollar General — Shares fell 2% after Citi downgraded Dollar General to sell from neutral, saying Walmart 's increasing dominance in retail, especially on pricing, has the dollar store "on the wrong side." HP Inc. — The tech hardware stock fell about 2% after a downgrade to neutral from buy at Bank of America.

Persons: Myers Squibb, Costco, Hindenburg, Morgan Stanley, —, KeyBanc, — CNBC's Hakyung Kim, Lisa Kailai Han, Yun Li, Sarah Min, Jesse Pound, Samantha Subin, Michelle Fox Organizations: Myers, U.S . Food, Drug Administration, Novo Nordisk —, JPMorgan, Costco Wholesale, Revenue, Street Journal, U.S . Justice Department, U.S . Securities, Exchange Commission, Wynn Resorts, Citi, Walmart, HP Inc, Bank of America, HP Locations: Bristol, U.S, Novo Nordisk — U.S, Danish

☆ Microsoft just punted on a big AI decision. It could be a bad sign.
▼ + stars: | 2024-09-26 | by ( Ashley Stewart | ) www.businessinsider.com time to read: +5 min

Read previewMicrosoft has pressed pause on a major AI overhaul of its popular 365 software suite, according to people familiar with the matter. CEO Satya Nadella and his senior leadership team held executive reviews this summer to consider options that included repackaging new AI features into existing licenses or creating a more expensive bundle with AI capabilities. Other changes Microsoft is considering for its 365 software bundles is a new suite just for security features, the people also said. In recent months, some customers and investors have begun to question the value of generative AI technology, including Microsoft's Copilot AI assistant tool. That's in addition to the monthly cost of Microsoft's 365 software bundles.

Persons: —, Satya Nadella, OpenAI's, It's, Judson Althoff Organizations: Service, Business, Microsoft, Chief, Vodafone, Amgen, Microsoft's Productivity, Processes

☆ There's only one new car for sale for less than $20,000
▼ + stars: | 2024-09-23 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +1 min

Nissan announced that the 2025 Versa subcompact sedan will start at $17,190. It will be the cheapest new car on sale in the US and the only one to start under $20,000. The 2025 Versa comes standard with a 122-horsepower four-cylinder engine and a manual transmission. AdvertisementThe cheapest new car for sale in America is about to get more expensive. That's $500 more than before but still cheap enough to claim the title of cheapest new car on the market.

Persons: —, Kia Forte Organizations: Nissan, Service, Mitsubishi, Business Locations: America

The Federal Reserve cut interest rates in its September meeting. With inflation starting to level off and the Fed cutting interest rates in its September 18 meeting, many experts believe rates have only just started dropping. After all, lower rates help consumers save when they borrow money, but they also translate to lower rates on savings accounts and money market accounts. For example, borrowing money at lower rates can make it easier to purchase a home, finance a car, or start a business. Lower interest rates can also help potential homebuyers buy a pricier home, since less of the mortgage payment they qualify for goes toward interest each month.

Persons: It's, Jennifer Beeston, it's, Beeston, Stephen Kates, Cliff Ambrose, Ambrose, Lawrence D, doesn't, Holly Johnson Freelance, Holly Johnson, Johnson Organizations: Federal Reserve, Savings, Apex Wealth, U.S . News, Club Locations: RetireGuide, U.S

BEIJING — Many of Apple’s affluent iPhone users in China are just as interested in Huawei’s pricier trifold phone, CNBC found during spot checks at stores Friday, the day the iPhone 16 and Mate XT launched in the country. The iPhone 16 Pro Max starts at $1,199, and the iPhone 16 at $799. Huawei’s trifold Mate XT starts at the equivalent of more than $2,800. The Apple iPhone 16 Pro Max was selling for 10,500 yuan to 16,300 yuan, the site showed. He said he bought the iPhone 16 because he heard its battery lasted longer, but was willing to wait for the iPhone 17 for any artificial intelligence features.

Persons: pricier, Max, Huawei’s, Yang, Wang, hadn’t Organizations: CNBC, XT, Huawei, Apple, People, Mate Locations: BEIJING, China, . U.S, Beijing, Hefei, Shanghai

Pictured here is an Apple flagship store in Beijing, China, on the day of the iPhone 16 launch on Sept. 20, 2024. The iPhone 16 Pro Max starts at $1,199, and the iPhone 16 at $799. Huawei's trifold Mate XT starts at the equivalent of more than $2,800. The Apple iPhone 16 Pro Max was selling for 10,500 yuan to 16,300 yuan, the site showed. Earlier in the day, the listed resale Mate XT price was 19,000 yuan, while the Apple iPhone 16 Pro Max was selling for 9,999 yuan, the site showed.

Persons: pricier, Max, Huawei's Organizations: Apple, Bloomberg, Getty, CNBC, XT, Huawei Locations: Beijing, China, BEIJING, . U.S

☆ How to take care of leather
▼ + stars: | 2024-09-19 | by ( Bethany Heitman | Bethany Heitman Is A Contributing Editor At Nbc Select. | ) www.nbcnews.com time to read: +9 min

According to textile and cleaning experts we spoke with, taking care of leather goes beyond simply wiping it down occasionally. To help you with your leather pieces, we got advice on how to best care for your leather and insight on what damages it and how to use a leather conditioner. | How to take care of your leather | How to use a leather conditioner | 5 highly rated leather conditioners | Why trust NBC Select? How to take care of your leatherThe good news: Taking care of leather is relatively easy. This non-toxic leather conditioner is free of harsh solvents and silicone and can be used on all leather items.

Persons: ”, Simon Elliott, you’ll, Elliott, Salvador Villarreal, Salvador, Bethany Heitman, TikTok Organizations: NBC, ., Clifton, Salvador Villarreal, Facebook, Twitter Locations: San Diego , California

☆ JetBlue is fixing its business class' biggest weakness by building its own airport lounges
▼ + stars: | 2024-09-19 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new lounges, the first of which are set for New York's JFK International and Boston Logan International, are part of the New York-based carrier's continued push to bolster its premium Mint business class experience. AdvertisementThat changed in 2016 when the airline launched its first Mint premium business class cabin with lie-flat seats. Loyalty is big business for airlinesFor the airline industry, loyalty extends beyond the benefits of return business. With the new lounges in its arsenal, the airline will be better positioned to keep loyal customers coming back.

Persons: —, carrier's, Marty St, George, Jayne O'Brien, Leonard Zhukovsky, O'Brien, Thomas Pallini Organizations: Service, JetBlue Airways, New York's JFK International, Boston Logan International, JetBlue, Jetblue, Business, JFK, Mint, JetBlue's Mint, American Airlines Admirals Club, Northeast Alliance, Airlines ' Admirals Club, Delta, American Express, American Airlines, Citi Locations: York, New York, Boston

The deal, if approved, would put six fashion brands under a single company: Tapestry’s Coach, Kate Spade and Stuart Weitzman, with Capri’s Versace, Jimmy Choo and Michael Kors. Yet, in his remarks, Kors described how even legacy brands like his own can struggle and lose shoppers’ interest. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. In its most-recent fiscal quarter that ended in late June, Michael Kors’ revenue dropped 14.2% on a reported basis or 13.3% on a constant currency basis compared to the year-ago period. Gennette, who retired early this year, said the department store’s sales got hit because it leaned too heavily on Michael Kors’ brand.

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri’s Versace, Jimmy Choo, you’ll, we’ve, ”, Jeff Gennette, Michael Kors ’ Organizations: Federal Trade Commission, FTC, Tapestry Locations: Manhattan, Capri

☆ In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era
▼ + stars: | 2024-09-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios in New York City on Feb. 15, 2017. The deal, if approved, would put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman, with Capri's Versace, Jimmy Choo and Michael Kors. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. Gennette, who retired early this year, said the department store's sales got hit because it leaned too heavily on Michael Kors' brand. He said the markdown of Michael Kors' handbags contributed to "a bad spiral Macy's was living through when I was there."

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, we've, Jeff Gennette Organizations: Spring Studios, Federal Trade Commission, FTC, Tapestry Locations: New York City, Manhattan, Capri

☆ Three key questions that will shape whether Coach and Michael Kors owners will merge
▼ + stars: | 2024-09-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +9 min

In this article CPRITPR Follow your favorite stocks CREATE FREE ACCOUNTPedestrians walk past a Coach store and a Michael Kors store. One of the major debates in court has surrounded who are Coach and Michael Kors' true competitors. She said in her experience, Coach, Kate Spade and Michael Kors have never come up in customer surveys or company conversations about the competition. And he said it wouldn't need to worry as much, even if Michael Kors' brand continued to be challenged. "Once they come together, if Michael Kors continues to decline, some of that decline is going to benefit the Coach brand," he said.

Persons: Michael Kors, Scott Olson, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Joanne Crevoiserat, Biden, LVMH, Louis Vuitton, Crevoiserat, she's, fanny, Chanel, Rebecca Minkoff, Suwon Yang, Saint Laurent, Hermes, Loren Smith, Smith, Kors, Capri Organizations: Federal Trade Commission, Capri, FTC, CNBC, Capri's, Burberry, Tapestry, D.C Locations: New York City, Manhattan, Zara, Suwon, Italy, France, Washington, U.S

☆ Here’s the inflation breakdown for August 2024 — in one chart
▼ + stars: | 2024-09-11 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

"We'd expect inflation to continue to subside," though with "some ups and downs" in the data from month to month, House said. Housing inflation is falling but still highInflation for physical goods spiked as the U.S. economy reopened in 2021. Shelter is largest component of the CPI, and therefore has an outsized effect on inflation readings. Such data quirks mask positive news in the real-time rental market, which has seen minimal inflation for about two years, economists said. However, shelter CPI inflation has appeared to defy gravity lately: It increased on a monthly basis for two consecutive months, from 0.2% in June to 0.4% in July, and then to 0.5% in August.

Persons: Grace Cary, Sarah House, It's, hasn't, Paul Ashworth, Ashworth, — Organizations: Wells, Wells Fargo Economics, U.S . Department of Labor, North, Capital Economics, U.S . Federal, Finance, CPI, BLS Locations: U.S, Wells Fargo, North America

The company just announced what's next for all three of its AirPod models: the AirPods, AirPods Pro 2, and AirPods Max. Apple AirPods (4th Gen) Apple's latest generation of AirPods features a new design to optimize comfort for wearers of every kind. Check price at AppleApple AirPods with Active Noise Cancellation Apple's base AirPods now come with Active Noise Cancellation (ANC) without the use of in-ear tips. Check price at AppleApple AirPods with Active Noise Cancellation Apple's base AirPods now come with Active Noise Cancellation (ANC) without the use of in-ear tips. Check price at AppleApple AirPods 4th Generation and AirPods Max specs

Persons: what's, AirPods Max, Max, Apple AirPods, AirPods, Siri, Apple AirPods Max Organizations: Business, ANC, Apple, Apple Apple, AirPods, Pro, FDA

☆ Dollar Tree shares plunge 22% after discounter cuts full-year forecast
▼ + stars: | 2024-09-04 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Shares of Dollar Tree fell more than 22% on Wednesday after the discounter cut its full-year outlook, citing increasing pressures on middle-income and higher-income customers. Dollar Tree includes two store chains, its namesake, which sells a wide variety of lower-priced items like party supplies, and Family Dollar, which carries more food. At Dollar Tree, same-store sales increased by 1.3% and at Family Dollar, same-store sales fell by 0.1%. Dollar Tree bought Family Dollar for nearly $9 billion in 2015 and since then, it's struggled to strengthen the grocery-focused chain and better compete with Dollar General.

Persons: Jeff Davis, Todd Vasos, Davis, it's, —, Robert Hum Organizations: LSEG, Dollar, Walmart Locations: Rio Vista , California

☆ The US Air Force's potential shift to adaptable 'light fighters' to solve budget woes is more complicated than it seems
▼ + stars: | 2024-09-03 | by ( Alex Hollings | Sandboxx News | ) www.businessinsider.com time to read: +32 min

US Air Force photo illustration by Staff Sgt. The Air Force needs new missiles, new bombers, and new fighters — but is struggling to pay for them allThe B-21 Raider in flight at Edwards Air Force Base, California. Cultural inertia in the fighter businessUS Air Force fighter aircraft fly in formation. A rendering of a future crewed next-generation air dominance aircraft by the US Air Force Research Laboratory. Nonetheless, for a cash-strapped Air Force, this would be a significant challenge.

Persons: David Allvin, Parth Satam, Allvin, Madeline Herzog, that's, it's, Will Roper, I'm, Charles, CQ, Brown, Preston Cherry, America's, Lockheed Martin, Northrop Grumman, Marine Corps Lockheed Martin, Peter Nicholls, —, Danielle Purnell, Frank Kendall, Tom Williams, Will Roper's, Kendall —, I've, Kendall, there's, Northrop Grumman's, Roper, Giancarlo Casem, today's, they've, wouldn't, John Raven, James M, Holmes, we've Organizations: Service, senior Air Force, Air Force, Global Air, Space Chiefs, Conference, UK's, Space Power Association, Business, Fighter, US Air Force, Force, American, Next, Sabre, Convair, Delta Dart, Rand Corporation, National Museum of, Staff, Joint Chiefs, Raptors, Royal Norwegian Air Force, Senior, Boeing, Lockheed, US, Marine Corps Lockheed, Royal International Air, Reuters, Getty, Capitol, Raider, Air, Edwards Air Force Base, DARPA, USAF, III, America, Minuteman, Sentinel missile, Pentagon, Lockheed Martin Aeronautics Company, Sentinel, Defense, Tech, Combat Command, US Air Force Research Laboratory, Sandboxx Locations: London, American, Fairford, Britain, Fort Worth, California, United States, Soviet Union, Marietta , Georgia, America, Europe

☆ 3 tips for getting the most out of your fine dining experience: Interact and ask questions, one chef says
▼ + stars: | 2024-08-24 | by ( Aditi Shrikant | ) www.cnbc.com time to read: +2 min

For years, I didn't enjoy eating at fine dining establishments. Here are three tips from Lewis and chefs in New York City and Washington D.C. for how to best enjoy your time at a fine dining restaurant. But many fine dining establishments offer pre-fixe meals with a set cost that isn't always available ahead of time or rotating menus, so it's not clear what will actually be served that night. "A lot of fine dining establishments may not be transparent about price on their website," Lewis says. You'll probably enjoy your meal more if you don't feel blindsided by a dish or its price.

Persons: Tara Lewis, you'll, Lewis, Alessandro Farruggio, DC's Il Canale, Yelp, Bu, it's, Shin Yamaoka Organizations: Washington D.C Locations: Yelp, New York City, Washington

Check price at Fubo What we like Check mark icon A check mark. Hulu + Live TVHulu + Live TV Hulu + Live TV includes over 90 channels, along with Hulu's on-demand library and access to Disney Plus and ESPN Plus. Check price at Hulu What we like Check mark icon A check mark. Check price at ESPN What we like Check mark icon A check mark. Check price at Amazon Prime Video What we like Check mark icon A check mark.

Persons: we've, Hulu's, There's, Max Max, Max, It's, Peacock, don't, We've Organizations: Business, AMC, TNT, TBS, CNN, ABC, CBS, FOX, NBC, ESPN, ESPN2, ION, NBA TV, NFL Network, MLB Network ABC, MLB, AMC TNT, Pro, Elite, NBA, NHL, TV, FS1, Hulu, Disney Plus, Disney, Nintendo, Showtime, MLB Network, NFL Network ABC, NFL, ION AMC, Tennis Channel, UFC, Doesn't, Paramount, Paramount Plus, Nickelodeon, Comedy Central, BET, MTV, UEFA Champions, Paramount Pictures, CBS Sports Network, Big Ten, UEFA Champions League, HBO, Max, Warner Bros, Parks, Recreation, NBC Sports, Amazon, Thursday, Football, Apple, Leagues Cup, MLS Locations: Hulu

☆ I'm a mom of 4 and have done back-to-school shopping for over a decade. These are the 3 things I've learned.
▼ + stars: | 2024-08-20 | by ( Nicole Johnson | ) www.businessinsider.com time to read: +6 min

Read previewBack in the 80s and 90s, school shopping seemed straightforward and relatively inexpensive. As the parent of four children who's been back-to-school shopping for over a decade, I have realized the real key to surviving this time of year is being creative. With two in middle school and two in college, back-to-school shopping costs me almost as much as (if not more than) our family's most expensive holiday, Christmas. If nothing works out from last year's clothing, many secondhand stores will buy the kid's clothes that no longer fit. If they choose to spend more on school supplies, it will impact the amount they are allowed to spend on clothes.

Persons: —, I'm, who's, I've, haven't Organizations: Service, Business, Local, Facebook, Nike

☆ Gen Z Are Struggling With the Soaring Cost of Dating, Finding Love
▼ + stars: | 2024-08-15 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +15 min

AdvertisementAs someone who's also been dating through whatever it is we've been doing romantically since 2020, I've noticed that my dating costs are going through the roof. How much should a date cost? For alcohol-free drinkers, the average price of a coffee is about $6 in New York City, which is comparable with other markets. Meanwhile, an informal 2022 report found that the average cost of a full body wax was $152, and Cosmopolitan reported in January that low-end forehead Botox would cost you $300. But even with the high up-front cost of dating, getting into a long-term relationship might pay off in the long run.

Persons: Ben Keenan, he's, Keenan, —, who's, we've, I've, Amy Nobile Messing, Damona Hoffman, Poyser, Messing, there's, Hoffman, Caesar, Josh rosé, Andy Kiersz, they'd, would've, aren't, Keenan's, daters Organizations: American Museum of, Business, Inmar Intelligence, Cosmopolitan, HingeX, Seattle, Bills Locations: Seattle, New York City, Los Angeles, Hudson , New York, New York, America

☆ Designer 'dupes' go mainstream as shoppers choose affordability over luxury. 'It just makes more financial sense,' expert says
▼ + stars: | 2024-08-14 | by ( Jessica Dickler Ana Teresa Solá | Jessica Dickler | Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

From leggings to lip gloss, there's a dupe for almost any brand-name product. Buying a knockoff used to be a consumer's dirty little secret, largely because a "fake" was considered inferior to the real thing, not to mention the economic cost and intellectual property rights infringement. But brand imitators, also known as dupes — short for duplicates — have elbowed their way into the mainstream and are now even cool. "It's not a direct knockoff, it's kind of revising something that's very chic from a designer world into a more accessible product," Walker said. Even when consumers can get the real thing, nearly 33% of adults intentionally purchased a dupe of a premium product at some point, according to a report by Morning Consult.

Persons: Sara Walker, Walker, Ellyn Briggs Organizations: Finance, Morning Locations: Los Angeles

☆ Mars to acquire Cheez-It, Pringles-maker Kellanova in $36 billion deal
▼ + stars: | 2024-08-14 | by ( ) www.cnbc.com time to read: +2 min

Family-owned candy giant Mars, whose brands include M&M's and Snickers, said on Wednesday it would buy Cheez-It and Pringles maker Kellanova in a nearly $36 billion deal, making it the biggest deal in the packaged food industry. Mars will pay $83.50 per share in an all-cash deal for Kellanova, representing about a 33% premium to Kellanova's close on Aug. 2, before Reuters first reported that Mars was exploring a deal for the Pringles maker. Kellanova, which split from WK Kellogg last October, is rooted in a salty snacks business and sells cereal outside of North America. WK Kellogg was left with the North American cereal business of Kellogg, the original parent company. Kellanova logged net sales of more than $13 billion in 2023.

Persons: Mars, Kraft Heinz, Mondelez, Rice Krispies, Andrew Clarke, WK Kellogg, Kellogg Organizations: Diamond Foods Inc, Procter & Gamble Co, Kellanova, Reuters, Wrigley, Global, Street Journal Locations: San Francisco , California, Kellanova, Hershey, Chicago, North America

☆ I ordered the same 6 drinks at Dunkin' and Dutch Bros Coffee, and the pricier chain just barely came out on top
▼ + stars: | 2024-08-05 | by ( Meredith Schneider | ) www.businessinsider.com time to read: +1 min

I compared six beverages at Dutch Bros Coffee and Dunkin'. Dutch Bros took the lead on most of the drinks, but Dunkin' still does caramel coffee best. I can't wait to return to Dutch Bros for oat-milk lattes, iced mochas, and cold brews. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDunkin' and Dutch Bros are currently at the top of my coffee-shop rotation.

Persons: Dunkin, — Organizations: Bros, Service, Business Locations: Massachusetts, The Oregon

☆ With my Costco executive membership and store card, I earn enough rewards to pay for a whole shopping trip — here's how
▼ + stars: | 2024-08-04 | by ( Dawn Levitt | ) www.businessinsider.com time to read: +4 min

But even so, I think the pricier executive membership is 100% worth it for my family — especially when it's paired with the rewards from my Costco store credit card. Just remember that it's a credit card, and interest will be charged on any balance you carry over. Lindsey Nicholson/UCG/Universal Images Group via Getty ImagesFor my family, our average $300 monthly trip earns us an annual $72 from executive-membership rebates and $72 in Costco credit card rewards. For example, last year, we bought a washer and dryer, tires for the car, and my laptop through our Costco membership. In total, we earned over $400 last year between our executive membership and Costco store credit card.

Persons: —, it's, Dawn Levitt There's, I'm, It's, Lindsey Nicholson Organizations: Service, Costco, Business, Citi, Shipping, Getty

CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are “a $2 billion-plus sales opportunity” in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Kohl’s will put Babies R Us shops next to its existing baby apparel. Courtesy KohlsOver the past few weeks, online shoppers have also seen Babies R Us on Kohl’s website. As it relaunches Babies R Us, Kohl’s will test whether the brand has remained relevant or grown stale.

Persons: hasn’t, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl’s, Jones, That’s, Dana Telsey, “ There’s, ”, Stephen Hinz, “, They’re, ” Hinz, Macy’s, Zola, Babylist, Kingsbury, Isaac Mizrahi, Natalie Gordon, WHP, Christie Raymond, Geoffrey, influencers Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC, WHP Global, WHP, WHP Holdings, Macy’s Locations: N.J, Wisconsin, New Jersey, U.S, Bath, New York City, Instagram

☆ Kohl's bets on Babies R Us as it tries to attract younger families, higher sales
▼ + stars: | 2024-08-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Kohl's plans to have 200 Babies R Us shops in its stores by the end of September. CEO Tom Kingsbury estimated in late May that those expanded categories, including Babies R Us, are "a $2 billion-plus sales opportunity" in the coming years. On a store tour in New Jersey on Wednesday, Chief Merchandising Officer Nick Jones showed off the first Babies R Us shop. Over the past few weeks, online shoppers have also seen Babies R Us on Kohl's website. Jones said Kohl's will decide whether to open Babies R Us in more stores after learning from the first 200 shops.

Persons: hasn't, Tom Kingsbury, Nick Jones, Hatch, Frida, Graco, Baby Bjorn, Kohl's, Jones, That's, Dana Telsey, There's, Stephen Hinz, They're, Hinz, Macy's, Zola, Babylist, Kingsbury Organizations: U.S, U.S . National Center for Health Statistics, Nike, Telsey Advisory, U.S . Census, Walmart, CNBC Locations: N.J, Wisconsin, New Jersey, U.S, Bath

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