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☆ Bright lights and snazzy mannequins: Walmart rolls out sleek new store designs
▼ + stars: | 2023-01-28 | by ( Melissa Repko | ) www.cnbc.com time to read: +7 min

In company surveys, he said nearly every shopper said the store's displays and mannequins encouraged them to browse longer. Walmart's new store design includes displays that show off how a customer could decorate a nursery or kitchen. Melissa Repko | CNBCWashington declined to share data about Walmart's store traffic and sales at its Springdale store and other flagships that have opened in recent months. Visits to its Walmart store in Springdale, Ark. Victor Millan, of Ridgefield Park, New Jersey, makes weekly shopping trips to the Walmart in Teterboro for groceries and other items.

☆ Walmart-owned Sam's Club plans to open about 30 new stores over next five years
▼ + stars: | 2023-01-26 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

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. Sam's Club also plans to open five fulfillment and distribution centers this year, with the first of those opening in Georgia. "During times like inflation, times when people have pressure on their household budget, it's a time when Sam's Club can really show up," she said in a CNBC interview. Its most recent new club opened in 2017 in Hanover, Pa.McLay said the new stores will open in high-growth suburban areas where Sam's Club has few stores or no stores, but declined to specify the locations, citing competitive reasons. Sam's Club's new stores will be about 160,000 square feet — larger than Sam's Club's typical footprint of about 140,000.

That surge in demand and limited supply contributed to higher prices. But diners will likely still pay higher menu prices than they were last year. Dutch Bros. Coffee CEO Joth Ricci told CNBC that most coffee businesses hedge their prices six to 12 months in advance. However, Zandi said, if the job market remains strong, inflation eases and wages grow, Americans can better manage higher prices for airfare and other items. Several hot pandemic items, including TVs, computers, sporting goods and major appliances have dropped in price, according to Labor Department data from December.

☆ Inflation is slowing but high prices of consumer goods remain sticky
▼ + stars: | 2023-01-25 | 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 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.

☆ Walmart raises minimum wage as retail labor market remains tight
▼ + stars: | 2023-01-24 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

Walmart said Tuesday it is raising its minimum wage for store employees to $14 an hour, representing a roughly 17% jump for the workers who stock shelves and cater to customers. Starting in early March, store employees will make between $14 and $19 an hour. About 340,000 store employees will get a raise because of the move, Hatfield said. Some of those pay increases will also go toward store employees who work in parts of the country where the labor market is more competitive, the company said. Target , for instance, announced in 2017 it would gradually raise its minimum wage and reached $15 an hour in July 2020.

☆ Nordstrom shares sink after retailer posts weak holiday sales and slashes guidance
▼ + stars: | 2023-01-19 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Shoppers exit Nordstrom at the King of Prussia Mall on December 11, 2022 in King of Prussia, Pennsylvania. Shares of Nordstrom fell Thursday, after the department store chain said it was hurt by weak sales and a lot of markdowns during the holiday season. The retailer said net sales dropped 3.5% for the nine-week holiday period that ended Dec. 31 compared with the year-ago period. With the slashed guidance, Nordstrom becomes the latest retailer to flash warning signs about the consumer and preview a tougher year ahead. Plus, the company said, shoppers did not spend as freely as in previous holiday seasons.

A shopper exits a Party City Holdco Inc. store in New York, U.S., on Wednesday, Nov. 7, 2018. Party City Holdco released earnings figures on November 8. To manage through the tougher period, Weston told investors in November that Party City would work to cut costs by $30 million. Party City tapped retail consultants AlixPartners in November as its financial advisor. Shares of Party City were up 10% and halted in premarket trading on Wednesday.

☆ Holiday sales fall short of expectations, set stage for tougher 2023 for retailers
▼ + stars: | 2023-01-18 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

Holiday sales fell short of industry expectations, as shoppers felt pinched by inflation and rising interest rates, according to data from the National Retail Federation. The retail sales number excludes spending at automobile dealers, gasoline stations and restaurants and is based on data from the U.S. Census Bureau. The holiday sales gains include the impact of inflation, which drives up total sales. That translated to sharp year-over-year jumps in retail sales in the past two holiday seasons — a 14.1% gain in 2021 and 8.3% gain in 2020. Online and non-store sales saw the biggest year-over-year gains, with sales jumping 9.5% during the holiday season.

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.

☆ Walmart strikes a deal with Salesforce to sell more of its tech to other retailers
▼ + stars: | 2023-01-12 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Walmart Global Chief Technology Officer Suresh Kumar said the deal with Salesforce will help Walmart improve the experience for shoppers. For instance, as Walmart's GoLocal has more packages to deliver from more retailers, its drivers will have denser routes, he said. It began selling Store Assist, technology that its own store employees use, in the summer. In November, Walmart Chief Financial Officer John David Rainey said Walmart added more than 8,000 sellers to its third-party marketplace in the fiscal third quarter. Walmart will stand out in its app store as a technology by retailers and for retailers, he added.

☆ Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
▼ + stars: | 2023-01-12 | by ( Gabrielle Fonrouge | ) www.cnbc.com time to read: +2 min

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.

☆ Bed Bath & Beyond lays off more employees as it fights to survive
▼ + stars: | 2023-01-10 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

A "Store Closing" banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Bed Bath & Beyond has begun its latest round of layoffs, as it fights to stay in business, according to a memo sent to employees Tuesday that was obtained by CNBC. Bed Bath & Beyond is approaching a potential bankruptcy, as its sales decline and losses grow. Bed Bath issued a "going concern" warning last week, saying it may run out of funds to cover expenses. Gove said in the memo Tuesday that Bed Bath will hold a town hall on Wednesday to discuss its future.

☆ Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms
▼ + stars: | 2023-01-10 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Bed Bath lost $393 million during the period, it said Tuesday, worse even than the $385.8 million quarterly loss it projected just last week and 42% larger than the loss it reported in the year-ago quarter. The quarterly losses include an approximately $100 million impairment charge, which the company said Tuesday was related to "certain store-level assets." Bed Bath's net losses have now exceeded $1.12 billion for the first nine months of the fiscal year. Namesake banner Bed Bath & Beyond's comparable sales dropped by 34% and Buybuy Baby's comparable sales declines were in the low-20% range.

In this article BBBY Follow your favorite stocks CREATE FREE ACCOUNTA pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty ImagesWhen Bed Bath & Beyond leaders speak to investors Tuesday morning, they won't simply report sales and earnings results. On Thursday, Bed Bath warned it may have to file for bankruptcy, saying it could soon be unable to cover costs as sales lag and store traffic dwindles. If Bed Bath has made significant inroads in improving inventory, it could offer a glimmer of hope for the quarters ahead. Before Bed Bath can address moving product off shelves, though, it needs to tackle an even more fundamental problem: having enough merchandise to fill them.

☆ Macy's warns holiday-quarter will come in light, citing squeeze on shoppers' wallets
▼ + stars: | 2023-01-06 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Macy's on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers' budgets are under pressure and that it anticipates that squeeze to continue into this year. It expects adjusted diluted earnings per share to be in the previously issued range of $1.47 to $1.67. For the year-ago period, Macy's reported revenue of $8.67 billion and adjusted earnings per share of $2.45. As it orders inventory, Gennette said it is using customer data to pick the merchandise that will sell and caters to customers who are looking for fashionable items and also seeking value. Gennette, Macy's Chief Financial Officer Adrian Mitchell and Chief Merchandising Officer Nata Dvir, will participate in the investor conference next week.

Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy. Shares of the company plummeted by 17% in premarket trading after Bed Bath issued the updates in a pair of financial filings. Among its challenges, Bed Bath said it is having trouble getting enough merchandise to fill its shelves and is drawing fewer customers to its stores and website. In recent quarters, Bed Bath has warned it’s been quickly burning through cash. So far, Bed Bath has not seen sales trends change.

☆ Holiday 2022: Online sales jump 3.5%, boosted by discounts
▼ + stars: | 2023-01-05 | by ( Melissa Repko | ) www.cnbc.com time to read: +1 min

Online sales during the holiday season jumped 3.5% year over year to $211.7 billion, according to Adobe Analytics, as record high discounts persuaded shoppers to open up their wallets. That spending marked a new record for e-commerce sales during the major retail season, according to Adobe. The overall spending got a boost from key shopping holidays, including $35.3 billion in online sales during Cyber Week, the five-day period from Thanksgiving to Cyber Monday. The latest holiday numbers come as retailers brace for a tougher year and weigh if consumers are running out of gas. In a separate report, which includes in-store spending, holiday sales rose 7.6% in stores and online from Nov. 1 to Dec. 24, according to data from Mastercard SpendingPulse.

☆ Bed Bath & Beyond shares plummet as company warns of deeper financial troubles
▼ + stars: | 2023-01-05 | by ( Melissa Repko | ) www.cnbc.com time to read: +1 min

A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Bed Bath & Beyond warned Thursday that it is struggling to attract customers and drive sales, which is contributing to mounting losses and deeper financial troubles for the embattled home goods retailer. Shares of the company plummeted by 17% in pre-market trading after Bed Bath issued the financial filings. Among its challenges, Bed Bath said fewer customers are coming to its stores and website and it has less merchandise to put on its shelves. The quarterly losses include an approximately $100 million impairment charge, which was not specified.

☆ Retailers brace for tougher times and more frugal customers in 2023
▼ + stars: | 2023-01-02 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Sales from Nov. 1 to Dec. 24 rose 7.6%, according to data from MasterCard SpendingPulse, which measures in-store and online retail sales across all forms of payment. The next few weeks, which close out many retailers' fiscal year, could help determine whether the holiday quarter is a win or a bust. Retailers enter 2023 reckoning with the fact that store traffic already lagged during peak weeks of the holiday season. It is also retailers' last chance to sell through excess inventory and start the new fiscal year in a cleaner position. Like many other retailers, Walmart's holiday quarter includes January.

☆ 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.

☆ Here are the post-holiday shopping trends to watch in January
▼ + stars: | 2022-12-28 | by ( Melissa Repko | ) www.cnbc.com time to read: 1 min

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.

☆ Pivotal January for retailers looking to rebound from awful year
▼ + stars: | 2022-12-28 | by ( Melissa Lee | ) 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 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.

☆ Target hopes value-hungry shoppers will come to the rescue this holiday season
▼ + stars: | 2022-12-20 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Melissa Repko | CNBCTarget has more than 1,700 toys that are exclusive to its stores and website this holiday season. Target is also trying to cut through the noise of a more promotional holiday season. And, as shoppers juggle holiday parties and hit stores again, Target wants shoppers' store visits to be convenient and fun, said Cara Sylvester, chief guest experience officer. She said the goal is to be a "holiday happy place" where shoppers want to stay awhile and fill up their carts. Baker said investors hope to see signs Target's sales are picking up as the holiday rush gains steam.

☆ Dollar General's new Popshelf stores chase inflation-weary shoppers in the suburbs
▼ + stars: | 2022-12-13 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

In this article DG Follow your favorite stocks CREATE FREE ACCOUNTwatch nowHigher incomes, higher profitsPopshelf is designed to drive higher sales and higher profits than the Dollar General store banner. Each Popshelf store is projected to hit between $1.7 million and $2 million in sales annually with an average gross margin rate that exceeds 40%. Inside of Popshelf stores, the brands and items on shelves reflect that customer. Dollar General is the fastest-growing retailer in the country by store count, according to Coresight Research, a retail-focused advisory firm. The company plans to open about 1,050 new stores in the U.S. in the coming fiscal year — including the Popshelf locations.

☆ Goldman Sachs ups its price target on one athleisure stock, giving it over 30% upside
▼ + stars: | 2022-12-13 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

Goldman Sachs has upped its price target on athleisure retailer Lululemon , describing it as a "best-in-class market share gainer." The bank reiterated its buy rating on the stock in a note Friday and raised its 12-month price target to $431 from $383 prior. "We continue to believe Lululemon's innovation engine is best-in-class, leading us to believe that Lululemon will continue to demonstrate above-trend growth," she wrote. "We believe Lululemon is well-positioned given limited reliance on promotions and strong pricing power. She added that the company will benefit from "cost tailwinds" in 2023, which would help deliver "solid" earnings per share growth.

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