Brands + Retail

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  • Shares of e-commerce platform Shopify jump 51 per cent in first day of trading after $131M IPO

    Shares of Shopify climbed sharply Thursday after its initial public offering raised about $131 million, more than the company expected.

    Shares of Shopify climbed sharply Thursday after its initial public offering raised about $131 million, more than the company expected.

  • Future Shop stores close across Canada
    Best Buy suffers on Canadian sales weakness as it closes Future Shop

    Best Buy Co. says slow sales of electronics in Canada — and a decision to close the Future Shop chain — left a significant dent in its first-quarter results.

    Future Shop stores close across Canada

    Best Buy Co. says slow sales of electronics in Canada — and a decision to close the Future Shop chain — left a significant dent in its first-quarter results.

  • Deadly air bags prompt historic vehicle recall
    Takata to declare 33.8M air bags defective; largest auto recall in US history

    Air bag maker Takata Corp. has agreed to declare 33.8 million of its inflator mechanisms defective, effectively doubling the number of cars and trucks that have been recalled in the U.S. so far.

    Deadly air bags prompt historic vehicle recall

    Air bag maker Takata Corp. has agreed to declare 33.8 million of its inflator mechanisms defective, effectively doubling the number of cars and trucks that have been recalled in the U.S. so far.

  • Lululemon yoga pants lawsuit properly dismissed: U.S. appeals court

    A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through …

    A woman walks into a store of yogawear retailer Lululemon Athletica in downtown Vancouver

    A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through was properly dismissed.

  • Prime Minister Stephen Harper announces new tax rules for equipment writeoffs

    WINDSOR, Ont. - Manufacturers will be able to write off equipment more quickly under proposed tax rule changes.

    Prime Minister Stephen Harper announces new tax rules for equipment writeoffs

    WINDSOR, Ont. - Manufacturers will be able to write off equipment more quickly under proposed tax rule changes.

  • Jury: Starbucks not liable, owes nothing to police officer who says spilled coffee burned him

    RALEIGH, N.C. - A jury in North Carolina ruled Monday that Starbucks is not liable for damages after a Raleigh police officer said he suffered third-degree burns from a cup of coffee spilling in his lap …

    Bowing to Pressure, Starbucks Quits Sourcing Water in Drought-Stricken California

    RALEIGH, N.C. - A jury in North Carolina ruled Monday that Starbucks is not liable for damages after a Raleigh police officer said he suffered third-degree burns from a cup of coffee spilling in his lap ...

  • Redbook Retail Sales Index for Restaurant Investors

    Although it does not include restaurant sales, the Johnson Redbook index tracks consumer spending and is reported on a weekly basis.

    Although it does not include restaurant sales, the Johnson Redbook index tracks consumer spending and is reported on a weekly basis.

  • The Wal-Mart Impact on Food Price Deflation

    What starts as a competitive strategy for Wal-Mart may also affect the general level of grocery price inflation in the United States.

    What starts as a competitive strategy for Wal-Mart may also affect the general level of grocery price inflation in the United States.

  • TD profit beats estimates on Canadian retail, wholesale strength

    Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses.

    TD Bank CEO says slower revenue growth, more competition require bank to adapt

    Toronto Dominion Bank posted a quarterly profit that beat market expectations on Thursday, driven by strong growth in its Canadian retail and wholesale businesses.

  • Can Best Buy’s Growth Initiatives Help Its Share Price Recover?

    In an effort to improve the customer shopping experience, Best Buy recently announced that it will support Apple Pay service in its retail stores in the US.

    In an effort to improve the customer shopping experience, Best Buy recently announced that it will support Apple Pay service in its retail stores in the US.

  • Cramer: Don't write off Costco, here's why

    CNBC's Jim Cramer says hold off on selling Costco.

    Cramer: Don't write off Costco, here's why

    CNBC's Jim Cramer says hold off on selling Costco.

  • Amazon sees Wal-Mart's bet, raises ante

    Amazon Prime members living in more than a dozen metropolitan areas will no longer have to wait two days to score free shipping on their orders.

    Amazon sees Wal-Mart's bet, raises ante

    Amazon Prime members living in more than a dozen metropolitan areas will no longer have to wait two days to score free shipping on their orders.

  • Japan April retail sales rebound, ease pressure on BOJ

    By Leika Kihara TOKYO (Reuters) - Japan's retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank's case that consumer spending is reviving …

    A shop clerk carries a box under sale signboards at a shoes store in Tokyo

    By Leika Kihara TOKYO (Reuters) - Japan's retail sales rebounded modestly in the year to April after three straight months of falls, bolstering the central bank's case that consumer spending is reviving to underpin a steady economic recovery. The data adds to signs of improvement in consumer confidence and eases pressure …

  • Smartphones and TVs Drive Best Buy’s 1Q16 Same-Store Sales

    Best Buy is working to provide a compelling product selection, focused on growth categories like ultra-high-definition television, mobile devices, and wearables.

    Best Buy is working to provide a compelling product selection, focused on growth categories like ultra-high-definition television, mobile devices, and wearables.

  • Best Buy’s 1Q16 Gross Margin Improves, Operating Margin Dips

    Best Buy’s margin in the first quarter of fiscal 2016 ending May 2, 2015, improved to 23.7% from 22.8% on a year-over-year basis.

    Best Buy’s margin in the first quarter of fiscal 2016 ending May 2, 2015, improved to 23.7% from 22.8% on a year-over-year basis.

  • Online car retailer Beepi plots expansion

    Beepi is raising another $300 million in venture capital to fund its expansion nationwide.

    Buy a used car without a test drive? Beepi says yes

    Beepi is raising another $300 million in venture capital to fund its expansion nationwide.

  • Walmart in 1Q16: Investments Affect Short-Term Comparisons

    Walmart’s (WMT) shareholder payouts in 1Q16 Walmart repurchased 3.5 million shares worth $280 million in 1Q16. It also paid out $1.6 billion in dividends, 2.1% more than it did in 1Q15.…

    Walmart’s (WMT) shareholder payouts in 1Q16 Walmart repurchased 3.5 million shares worth $280 million in 1Q16. It also paid out $1.6 billion in dividends, 2.1% more than it did in 1Q15.…

  • The Big Vlad? Is Moscow taking on McDonald's?

    Russian President Vladimir Putin has backed the creation of a new chain of "patriotic" fast food restaurants to rival U.S. brands in the country.

    The Big Vlad? Is Moscow taking on McDonald's?

    Russian President Vladimir Putin has backed the creation of a new chain of "patriotic" fast food restaurants to rival U.S. brands in the country.

  • McDonald's gets more secretive in turnaround

    The fast food giant will stop reporting a key metric starting next month.

    McDonald's gets more secretive in turnaround

    The fast food giant will stop reporting a key metric starting next month.

  • 4 trades ahead of big retail earnings

    Costco, Tiffany and Michael Kors all report earnings on Wednesday, and "Fast Money" traders discussed how to play their stocks.

    4 trades ahead of big retail earnings

    Costco, Tiffany and Michael Kors all report earnings on Wednesday, and "Fast Money" traders discussed how to play their stocks.