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Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst

Jakub Porzycki | Nurphoto | Getty ImagesThe nearly 30% drop in shares of Chinese online retailer PDD Holdings is "too much of a correction,"...

These 3 retail stocks are set up to win this back-to-school shopping season

Backpacks, Stanley water bottles and No. 2 pencils. This year's back-to-school must-haves are a mix of the new and the (very) old. But the...

Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol

Restaurants Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol.CNBC (L) | Getty Images (R)Starbucks announced Tuesday it's replacing CEO Laxman Narasimhan with...

Apartments, hockey rinks and Amazon warehouses: Macy’s closures will set off a wave of change at shopping malls

A customer enters a Macy's store that is set to close at Bay Fair Mall on February 27, 2024 in San Leandro, California. Justin Sullivan...

Under Armour shares surge 20% after posting ‘better than feared’ quarterly sales

Under Armour on Thursday said sales are falling across its business, but the athletic apparel retailer posted better fiscal first-quarter results than feared, sending...

Dollar General settles with Labor Department over workplace safety violations

A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023.Scott Olson | Getty ImagesThe U.S. Department of Labor announced a...

Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers

Inflation may be cooling, but consumers' outrage over higher prices is running hot.TikTok users blasted Walmart for rolling out digital shelf labels that allow...

Peloton staved off the cash crunch that threatened its business. Where does it go now?

A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures...

Beijing raises duty-free limit for mainland tourists in Hong Kong to HK$16,100

A separate joint statement from several central government departments said that mainland residents aged 18 or over could have their duty-free allowance raised to...

Walmart is laying off, relocating hundreds of corporate workers across the country. Read the memo

Walmart is laying off hundreds of corporate workers across the country as it relocates many employees to its Arkansas headquarters.The big-box retailer confirmed the...

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