Latest in Retailer Cuts
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Snip, snip: Spending cuts are coming
The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion fThe Hill - 2d -
Itsu’s self-service lesson for retailers on what robots do best
Many companies are considering greater automation as employment costs rise, but there are pitfallsFinancial Times - 2d -
Cuts to maths are a national miscalculation
I was lucky to be taught the power of mathematics but threats to the subject now endanger the UK’s AI ambitionsFinancial Times - 3d -
Trump’s threatened tariffs might not hit clothing retailers much now, but analysts warn price increases could backfire
Lots of clothes on store shelves could get a bit more expensive if new tariffs announced by President Donald Trump over the weekend eventually take hold. But after three years of price increases ...MarketWatch - 3d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump’s tariffs against China, Canada and Mexico target a trade provision that helped fuel the explosive growth of budget online retailers, including Temu and Shein.NBC News - 4d -
Trump tariffs take aim at trade loophole used by Chinese online retailers like Temu and Shein
President Donald Trump's tariffs against China, Canada and Mexico target a trade provision that helped spur the rise of low-cost retailers, including Temu and Shein.CNBC - 4d -
AI chatbots emerged as a go-to tool for holiday shoppers. What that means for our retail stocks
There's a new shopping sidekick in town: generative AI.CNBC - 5d -
Shoplifters 'out of control' and becoming more brazen, say retailers
Shoplifters are carrying out brazen acts of theft because they 'do not fear any consequences'.BBC News - Jan. 30 -
Victoria’s Secret taps retail veteran as new CFO, but stock sells off
Victoria’s Secret is facing customers who are dealing with higher costs for more pressing needs.MarketWatch - Jan. 29 -
Retail investors pour $900mn into Nvidia as they chase ‘buying opportunity’
Traders bought chipmaker shares at ‘astounding’ pace as stocks wobbled this weekFinancial Times - Jan. 29 -
Retail investors may think tech stocks are overvalued, but they’re still bullish
The stock market just had two strong back-to-back years. While some retail investors are starting to get wary, many are still feeling bullish.MarketWatch - Jan. 27 -
British retail faces a reckoning as 232-year-old chain looks to sell its high street stores
British retailer WH Smith is looking to sell its historic high street business to focus on its travel store unit in the latest hit to the U.K.'s retail industry.CNBC - Jan. 27 -
Target joins Walmart in pulling back on DEI. But this big retailer and its shareholders are staying the course.
Target said that it was ending its diversity, equity and inclusion goals as it tries to align itself with an “evolving external landscape.”MarketWatch - Jan. 24 -
Retail Closures Surged in 2024, and Could Double to 15,000 This Year
Experts say the rise in store shutterings is driven by rising online retail sales and consumers converging on big one-stop-shopping chains and platforms.Inc. - Jan. 24 -
Trump cuts Fauci's security detail
President Trump on Friday defended the removal of Dr. Anthony Fauci’s security detail, suggesting former government officials should not get indefinite security, even as Fauci and others whose ...The Hill - Jan. 24 -
Profits at Indian banks dented as RBI curbs retail loans
Bad loan provisions also grow after millions of households loaded up on debt during ‘exuberant’ periodFinancial Times - Jan. 24 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
Retail crime 'queenpin' to pay millions in restitution to retailers for theft ring
The California mom who pleaded guilty to running an organized retail crime ring that stole millions of dollars in beauty products from Ulta Beauty and Sephora to resell on Amazon will now have to ...NBC News - Jan. 22 -
New 3D Mario And Zelda Remake Mentioned By A Retailer, But Don't Get Excited Yet
Thus far, the Nintendo Switch 2 is the biggest gaming story of 2025, and there's barely been any definitive word on the subject aside from the announcement video earlier this month. Nintendo ...GameSpot - Jan. 22 -
Retail crime 'queenpin' to pay millions in restitution to Ulta, other retailers for theft ring
Michelle Mack was accused of running a sprawling retail crime ring that targeted Ulta and Sephora stores across the country and will spend five years in prison.CNBC - Jan. 22 -
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - Jan. 17 -
British retail sales unexpectedly drop in December
Pound falls and gilts rally as investors bet on more interest rate cutsFinancial Times - Jan. 17 -
Retail investors flock to gilts in first two weeks of 2025
Platforms report surge in sales to take advantage of CGT exemptionFinancial Times - Jan. 16 -
Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - Jan. 16 -
Trading platform Dub will pay some retail investors to share portfolios through TikTok-like 'creator program'
Accepted retail investors will earn royalties and can have other users copy their model portfolio.CNBC - Jan. 16 -
Retail sales point to a robust holiday shopping season. U.S. economy starts off 2025 with some momentum.
Retail sales rose at a solid pace in the final month of 2024, capping off a good holiday shopping season and suggesting the economy entered the new year with some momentum.MarketWatch - Jan. 16 -
Malaysia Retailer Eco-Shop to Tap Investors Ahead of IPO
The Malaysian discount-store retailer aims to start tapping investors early next week ahead of a planned initial public offering valuing the company at over $1 billion, people familiar with the ...The Wall Street Journal - Jan. 15 -
Retailers post early holiday results — and Wall Street isn’t impressed
Lululemon, Abercrombie & Fitch and American Eagle all hiked their holiday guidance, but Abercrombie's growth is slowing.CNBC - Jan. 13 -
Macy’s stock slides as retailer warns Q4 sales could be weaker than expected
Macy’s gave its fourth-quarter update just days after announcing a slate of store closures.MarketWatch - Jan. 13 -
Google Joins the AI Shopping Revolution With Agent Tools for Retailers
The next stage of AI development, which lets the technology act with more autonomy and performs some customer service actions, is being applied to an industry that must constantly embrace change.Inc. - Jan. 13 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Memories of rosy Christmas fade as UK retailers brace for tough 2025
Groups including Sainsbury’s, Next and M&S warn of higher prices and weaker demand as costs and inflation riseFinancial Times - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
We're buying more of this retail stock that's showing positive sales momentum
The company is having a nice fourth quarter, according to a note published by Truist on Friday.CNBC - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
Amazon aims to expand advertising business by letting retailers use its ad tools on their stores
Amazon Retail Ad Service will allow sites to show "contextually relevant ads in the right place and at the right time" in search results, the company said.CNBC - Jan. 9 -
Eggs over potato chips: Brits are getting healthier but not happier, top retailers say
Brits are getting healthier but not happier, according to updates from three of the company’s biggest food outlets.MarketWatch - Jan. 9 -
Wall Street’s riskiest stocks are melting down as retail traders face ‘day of reckoning’
Retail traders who had developed a taste for gambling on speculative stocks were facing a day of reckoning on Wednesday as many of their favorite trades suffered a startling meltdown.MarketWatch - Jan. 9