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- Anthony Scaramucci encourages Iran to ratchet back tensions, says Trump is 'very fearless'
- Pompeo meets Indian leader amid trade tensions, Iran crisis
- 'I'll invest in it': Anthony Scaramucci defends Jared Kushner's Middle East peace plan
- Nike reportedly pulled a shoe line from China after its designer supported Hong Kong protests
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Courtney Reagan, NBR, CNBC.com’s Posts
Macy’s CEO Jeff Gennette says an increase in tariffs to 25% on $300 billion in Chinese goods that’s still being considered by the White House, which would impact apparel and footwear, would likely trickle down and hit consumers.
“It’s pretty simple,” Aldi U.S. CEO Jason Hart tells CNBC. “We are going where competitors are, we like to be close to the competition for convenience reasons for our customer.”
This year more than 40 percent of all e-commerce purchases will be made on Amazon, according to eMarketer.
American consumers have been paying for tariffs on clothing and shoes since the 1930 Smoot-Hawley Tariff Act.
With 10 days until Christmas, retailers hope to cash in on the final stretch of shopping. Spending is strong so far.
Shoppers opting to buy online and pick up in store are looking for convenience and retailers are racing to provide that.
Co-dependency isn’t so healthy in a human relationship, but in trade, it’s worked well for the U.S. and Mexico.
Holiday shopping gets more cutthroat every year, and the battle lines are already forming. While a number of retailers have discussed pulling back on promotional offers in recent earnings conference calls to restore brand power and pricing, it seems no strategy is bulletproof. The holiday rush has already started. Wal-Mart began its holiday layaway program …
“Where can I get the lowest price?” should be an easy question to answer. But it’s not always so simple. Thanks to a slew of factors ranging from shipping fees, special offers linked to credit cards and price-matching guarantees, it can be difficult for shoppers to find the best possible price on an item. Making …
Retailers’ anxiety levels are rising as gridlock grinds on with contract negotiations between West Coast dockworkers and port terminal operators. It has been a long nine months for those dealing directly, or indirectly, with the lack of a West Coast port contract, and after a temporary shutdown over the weekend, retail lobby groups and consultants …
So far, so good. That’s what Coach said Tuesday about its early read on the performance of Creative Director Stuart Vevers’ first collection for its legacy brand, and for its strategy of scaling back on sales and promotions. But with Coach shares falling nearly 6 percent in trading Tuesday, investors may need more convincing. Wall …
Michael Kors stock has had a fabulous run, but investors’ opinions about whether its shares are about to go out of fashion may hinge on two questions: Has the brand maxed out its U.S. potential? And how much of a boost can it get from expanding in Europe? There is no doubt that the pace of …
Unintentional empty shelves are a retailer’s worst nightmare—and one that’s inching closer to reality with every passing hour. As the clock ticks toward midnight Monday, anxiety among retailers, manufacturers, farmers and others continues to grow. That’s when the contract between shipping companies and unionized West Coast port workers is set to expire. Failure to come …
Protecting and securing payment systems and consumer data is a never-ending task for all parties in a payment network, and it’s also a moving target. At the Electronic Transactions Association’s TRANSACT conference in Las Vegas, credit card companies, banks, payment processors, regulators and retailers all have the same fear: as soon as a new system …
Americans may not have hit the malls in droves this holiday season, but those who did, spent. According to ShopperTrak, foot traffic at the nation’s retailers fell 14.6 percent this holiday season compared to the year prior, though in-store sales rose 2.7 percent in November and December. ShopperTrak had forecast that brick-and-mortar sales would rise …