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Retail
Dozens of former employees plan to sue Bowlero for discrimination
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the…
Starbucks (SBUX) earnings Q2 2024
Starbucks on Tuesday reported weaker-than-expected quarterly earnings and revenue, fueled by a surprise decline in same-store sales.The coffee chain also slashed its forecast for its fiscal 2024 earnings and revenue, predicting that its…
We’re buying 2 unfairly punished stocks and 1 on an analyst call
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Thursday's key moments. U.S. stocks were higher Thursday as Wall Street mulled over the Federal Reserve's…
Dave & Buster’s plan to allow betting on arcade games draws scrutiny
A Dave & Buster's location in the Gateway Center shopping complex in the Brooklyn borough of New York, US, on Saturday, March 30, 2024. Bing Guan | Bloomberg | Getty ImagesArcade chain Dave and Buster's plan to allow customer betting…
Wayfair (W) earnings Q1 2024
Wayfair's sales slid during its first quarter, but the online furniture retailer reduced its losses after cutting 13% of its workforce at the start of the year, the company announced Thursday. Wayfair beat Wall Street's expectations on…
Starbucks, McDonald’s, Yum earnings show consumers pulling back
It's finally here: the long-predicted consumer pullback.Starbucks announced a surprise drop in same-store sales for its latest quarter, sending its shares down 17% on Wednesday. Pizza Hut and KFC also reported shrinking same-store sales.…
Starbucks gets a price target cut after a brutal quarterly miss and light
Starbucks shares plummeted Tuesday evening by roughly 11.5% after the coffee giant delivered a much weaker-than-expected quarter. The company also cut its outlook for fiscal 2024, leaving little room for optimism of a quick rebound in…
Walmart launches new grocery brand BetterGoods
People talk outside a Wal-Mart Pickup-Grocery store in Bentonville, Arkansas.Rick Wilking | ReutersWalmart is debuting a new grocery brand, as the discounter tries to retain the shoppers it has attracted during a period of high…
Chipotle Mexican Grill (CMG) Q1 2024 earnings
The logo of Chipotle Mexican Grill is seen in Manhattan, New York.Shannon Stapleton | ReutersChipotle Mexican Grill on Wednesday reported quarterly earnings and revenue that beat analysts' expectations, fueled by higher traffic to its…
Starbucks resumes bargaining with Workers United union
Starbucks and the union that represents its baristas will resume contract negotiations on Wednesday, ending an extended stalemate.The two sides' return to the bargaining table follows their February announcement that they found a…