NEW YORK— Target reported a 3.2 percent rise in its third-quarter profit, beating Wall Street expectations as shoppers spent more on beauty products and back-to-school fashions. Last year, Target had a solid start to the shopping season but a data breach disclosed a week before Christmas sent customers fleeing for months and hurt sales and profits.» Read More
June 23- Cosmetics maker Avon Products Inc said it would cut about 600 jobs, including in its North America unit, as the company tries to return to profit. Avon said it would take a pretax charge of $45 million- $50 million, of which $40 million was expected to be recorded in the second quarter.
Procter & Gamble reported a higher quarterly profit on Wednesday, helped by an increase in sales of its home care products.
US multinational companies are dealing with an increasingly big headache when it comes to sales and profits: currencies.
Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.
Companies and industries that rely on low-income spenders could see a boost to the bottom line thanks to rising wages in many American states.
A Los Angeles Superior Court judge heard testimony Friday from attorneys for the city of Irwindale, Calif., and the owner of the Sriracha plant.
CNBC anchorman Geoff Cutmore gave his best impression of Ron Burgundy on Squawk Box Europe this morning.
Apple's biggest smartphone rival, Samsung, has overtaken the Cupertino-based company when it comes to brand simplicity.
The halal food market has huge potential for growth after being largely neglected in the U.K.
A distribution model popular in Europe could finally give U.S. grocery stores a solid online footing.
L'Oreal's rumored buyback of Nestle's 29.5 percent stake in the French cosmetics giant looked far from a done deal on Friday, with Jean-Paul Agon, chairman and CEO of L'Oreal, telling CNBC that the ball was in the Swiss food giant's court.
At least nine City Council members back legislation to require most retailers to charge customers 10 cents for each bag.
After Danish brewer Carlsberg announced disappointing second quarter profits, the company's CEO placed the blame firmly on Russia, where a raft of legislation has heavily regulated the sale of alcohol.
CNBC Prime's Marcus Lemonis, "The Profit" host discusses tonight's show where he tries to clean up "Eco-Me," a manufacturer of all natural home cleaning products.
Tesco has unveiled a brand new concept store in the UK in Watford. Tesco Extra is the latest experiment in transforming the supermarket into a retail destination.
In a survey of U.S. and Canadian grocery shoppers, Trader Joe's, Publix Supermarkets and Whole Foods earned some of the highest marks.
To ease temperature-related complaints, mattress sellers have launched several new products after noticing that couples and hot flash-suffering women were having restless nights.
Twinkies are back, but they may be a bit smaller than you remember. The new boxes contain spongy yellow cakes that are smaller than right before Hostess out of business.
If you couldn't be Don Draper on "Mad Men," you could at least drink like him, but now vodka is back as America's favorite.
A recent discovery of an English counterfeit scheme has raised wide concerns about food safety.