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Shein and Forever 21 partner to expand brand reach
  + stars: | 2023-08-24 | 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 EmailShein and Forever 21 partner to expand brand reachCNBC's Courtney Reagan joins 'Power Lunch' to give the rundown of all the latest news from the retail sector.
Persons: CNBC's Courtney Reagan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetailers blame theft for significant losses: How big is the problem? CNBC's Courtney Reagan and Gabrielle Fonrouge join 'Fast Money' to discuss retailers blaming theft for loses and if it is really as big of a problem as retailers are reporting.
Persons: CNBC's Courtney Reagan, Gabrielle Fonrouge
Dick's now expects earnings of $11.33 to $12.13 per share for the year, compared to a previously issued guidance of $12.90 to $13.80. During the quarter, Dick's used promotions to offload inventory from the category. Overall, inventories were down about 5% in the quarter compared to the year ago period. While the quarter is a bit rough compared to Dick's usual reports, the retailer is still holding on to its pandemic-gains. Same store sales were up 1.8% in the quarter, compared to down 5.1% in the year ago period, and were driven by a 2.8% uptick in transactions.
Persons: Dick's, Lauren Hobart, Ed Stack, It's, We've, Stack, CNBC's Courtney Reagan Organizations: Sporting Goods, Refinitiv, CNBC
A look at single-stock ETFs one year in
  + stars: | 2023-08-19 | by ( Kevin Schmidt | ) www.cnbc.com   time to read: +3 min
GraniteShares rolled out its first batch of single-stock ETFs in August 2022 with products tracking mainstay names Tesla, Apple and Coinbase. While its 1.25x Long Tsla Daily ETF (TSL) and 1.75x Long AAPL Daily ETF (AAPB) have logged considerable gains in 2023, the Coinbase rally has pushed its 1.5x Long COIN Daily ETF (CONL) up 123% year to date. Because single-stock products are leveraged, Rhind said that the products lend themselves more to short-term activity and exposures. GraniteShares 1.5x Long NVDA Daily ETF (NVDL) has emerged as the outperformer of the firm's lineup, up more than 349% this year. Nadig added that investors can expect to see more single-stock ETFs coming to the market, but it's up to investor interest and market trends to ultimately bolster activity.
Persons: Will Rhind, Courtney Reagan, Rhind, Dave Nadig, Nadig Organizations: Apple
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart raises full-year forecast as grocery, online growth fuel higher salesCNBC's Courtney Reagan joins 'Squawk Box' to break down the retailer's quarterly earnings results.
Persons: CNBC's Courtney Reagan Organizations: Walmart
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTarget slashes full-year forecast as retailer struggles to win over thrifty shoppersCNBC's Courtney Reagan joins 'Squawk Box' to break down Target's quarterly earnings results.
Persons: CNBC's Courtney Reagan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSetting up the retail trade ahead of earnings with the Halftime TradersCNBC's Courtney Reagan joins 'Halftime Report' to discuss the retail sector ahead of big earnings next week. The Halftime Traders weigh in on the retail trade.
Persons: CNBC's Courtney Reagan
Babies R Us opens first store since liquidation
  + stars: | 2023-07-20 | by ( Courtney Reagan | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBabies R Us opens first store since liquidationRoughly five years after Toys R Us and Babies R Us liquidated, brand management firm WHP Global has partnered with American Dream Mall owner Triple Five Group to open the new flagship Babies R Us store in the East Rutherford, New Jersey, shopping complex. The brand is the same, but the store is more experiential with a stroller test track, a car seat demo, registry consultations, and a new learning center. CNBC's Courtney Reagan reports on the future of Babies R Us, its plans for a national rollout, and how the company expects to take market share from the Buy Buy Baby liquidation.
Persons: CNBC's Courtney Reagan Organizations: WHP Global, Triple Five Group Locations: East Rutherford , New Jersey
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIBUY online retail ETF heading for its best year since 2020CNBC's Courtney Reagan joins ‘Squawk on the Street’ to report on online retail stocks.
Persons: CNBC's Courtney Reagan, ‘ Squawk
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of #Barbiecore: Mattel cashes in on nostalgia ahead of movie releaseCNBC's Courtney Reagan joins 'Squawk Box' to take a look at how Mattel cashing in on the Barbie blitz in the retail world as the movie gets close to its box office debut next week.
Persons: CNBC's Courtney Reagan, Mattel Organizations: Mattel
Amazon Prime Day sales expected to grow in the U.S.
  + stars: | 2023-07-11 | 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 EmailAmazon Prime Day sales expected to grow in the U.S.CNBC’s Courtney Reagan joins 'Squawk on the Street' to discuss Amazon's stock during Prime Day.
Persons: CNBC’s Courtney Reagan Locations: U.S
Consumers gear up for Amazon Prime Day
  + stars: | 2023-07-11 | 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 EmailConsumers gear up for Amazon Prime DayCNBC’s Courtney Reagan joins 'Squawk on the Street' to report on Amazon's Prime Day.
Persons: CNBC’s Courtney Reagan Organizations: Amazon Prime, Amazon's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLGBTQ+ employees consider fertility benefits before accepting jobsCNBC's Courtney Reagan joins 'The Exchange' to discuss employers offering expanded benefits to expecting parents, the prevalence of exclusionary insurance policies, and what industries are more likely to cover fertility benefits.
Persons: CNBC's Courtney Reagan
watch nowWhy gay male couples face higher costsAlon Rivel, left, with his family. Gay male couples typically face a more expensive journey, as surrogacy or adoption are their primary choices. Employer fertility benefits offer limited helpMore employers are starting to offer fertility benefits, often through a specialized fertility benefits manager like Kindbody, Carrot, Progyny or Maven. But while more companies are offering fertility benefits, many of these packages are limited when it comes to covering what's needed to build families with non-traditional methods. At Rivel's insistence, he asked his human resources department to look into including surrogacy benefits.
Persons: Alon Rivel, Alon Rivel Alon Rivel, Rivel, Betsy Campbell, Maven, Will Porteous, Doug, Walter ., Porteous, Progyny's, Pete Anevski, Tammy Sun, Taryn Branca, they'll, Anevski, it's, Resolve's Campbell, Hanna, Stephen Hanna, Bret Shuford, Maverick Organizations: International Foundation of Employee, Equality, Mercer, Maven, Beam Therapeutics, Child Welfare Locations: Arlington , Massachusetts, U.S, Wynnewood , Pennsylvania, West, Massachusetts
Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey. Of the survey respondents, 92% of middle-income Americans — or those who make between $50,000 and $100,000 a year — reported being "somewhat" or "very" worried about higher prices. "Customers continue to seek value given the impact of inflation," Walmart CEO Doug McMillon said on the retailer's first-quarter earnings call. Spending at value-oriented grocery stores in May outpaced spending in the overall grocery segment, according to Bank of America aggregated credit and debit card spending data. The CNBC and Morning Consult survey was conducted online earlier this month and polled more than 4,400 adults.
Persons: Doug McMillon, Robert Ohmes Organizations: CNBC, Walmart, Target, Walmart U.S, Bank of America, Grocery Outlet, " Bank of America Securities Locations: New York City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy hitting Americans' personal finances, new poll findsCNBC's Courtney Reagan joins 'Squawk Box' to break down the results of a new CNBC/Morning Consult poll on where Americans are cutting back on their spending.
Persons: CNBC's Courtney Reagan Organizations: CNBC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail's 'shrink-ing' inventory issue: Companies sound the alarm on theftCNBC's Courtney Reagan joins 'Squawk Box' to report on the latest rise in retail theft.
Walmart earnings beat estimates as it raises full-year guidance
  + stars: | 2023-05-18 | 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 EmailWalmart earnings beat estimates as it raises full-year guidanceCNBC's Courtney Reagan joins 'Squawk Box' to break down the retailer's quarterly earnings results.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUntil you stop the resale marketplace for shoplifted items the theft won't stop, says Gerald StorchGerald Storch, Storch Advisors CEO and fmr. CEO of Toys 'R' Us and Hudson's Bay, joins CNBC's Courtney Reagan and 'Last Call' to discuss the recent uptick in shoplifting and how it's impacting retail brands.
Retailers continue to post better-than-expected earnings in the latest quarter – with Walmart , Bath & Body Works and Canada Goose topping estimates. Bath & Body Works' guidance is lacking , too, at 27 cents to 32 cents per share after adjustments versus the 32 cents estimate. Bath & Body Works also raised its earnings guidance and reaffirmed its full-year forecast. Bath & Body Works highlighted better merchandise margin and benefits from cost savings initiatives. BBWI YTD mountain Bath & Body Works shares soared more than 7% after its earnings report.
Recent consumer sentiment reports have been poor, so it's reasonable to assume the consumer spending backdrop has softened. The company is cutting guidance due to the weaker lumber prices, weather and is also citing "further softening of demand relative to our expectations, and continued uncertainty regarding consumer demand." If we are on the side of the American consumer (I am), then lower lumber prices are good, right? Running shoes are hot. Second case in point: On Holding (ONON), which makes the trendy ON running shoes, is up 94% YTD.
Walmart is selling online apparel brand Eloquii to FullBeauty Brands, marking the retailer's third divestiture of a direct-to-consumer brand this year. The retailer bought Eloquii in 2018 for a reported $100 million, one of numerous digital apparel brands with niche and loyal consumer bases. Fogarty plans for Eloquii to be an anchor in what he calls FullBeauty Brands' "digital mall." After acquiring Eloquii, Walmart created a new brand of inclusive-sized apparel, which the retailer will continue to sell after the divestiture. Walmart's online sales now make up 13% of total annual sales, as of its most recent fiscal year-end, up from 5% in 2019.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNike remains top clothing brand among teens, Piper Sandler survey findsCNBC's Courtney Reagan joins 'Squawk Box' to break down the results from Piper Sandler's recent teen survey, which tracks the spending of teens across the U.S.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican households taking on more debt as rates rise, a sign of strain on consumersCNBC's Courtney Reagan reports on the state of consumer credit going into the important holiday shopping season.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOhio high school bets on smart football helmets to prevent injuriesCNBC's Courtney Reagan joins Tyler Mathisen and 'The News with Shepard Smith' to report on new helmet technology designed to make the game of football safer.
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