CNBC's Mandy Drury looks back at the week's top business and financial stories. The Lumber Liquidator CEO resigns. LA agrees to raise its minimum wage, and egg prices have nearly tripled because of the bird flu.» Read More
After a retail group says to expect the worst Christmas in years, what will Nike earnings on Wednesday reveal about the outlook for holiday spending?
For many of the nation’s retailers, this is shaping up to be the most critical holiday season since the recession of the early 1980s. Chains that fare poorly could end up as ghosts of Christmases past, says the New York Times.
Holiday sales are expected to grow at the slowest pace in six years as shoppers worry about jobs, the housing and stock markets and high gas and food prices, according to a forecast from the National Retail Federation being released Tuesday.
When the Orlando Magic unveil their new jersey tomorrow, they’ll try to make the announcement as "big" as possible. That’s good news to Doug Verb, who has developed a great niche in putting the world’s largest jerseys on huge inflatables.
My report last night about Nikes exiting the swim business came without the company's public confirmation. A few minutes ago, company spokesman Dean Stoyer confirmed the news in a statement:
Attention Wall Street: Add the precipitous slowdown in consumer spending to the list of worries and reasons to think a recession is underway or imminent.
Teens across the nation have spent their summer vacations battling high gas prices, competing for jobs in a weak part-time employment market, and making do with smaller contributions from cost-conscious parents, said Portfolio.com
It might be easier for Cincinnati Bengals wide receiver Chad Ochocinco to buy out his "C. Johnson" jerseys from Reebok, after all.
If the rule of endorsements includes staying away from the cover of Madden to avoid the jinx, it should now include getting paid to dunk (or should I say lick?) an Oreo.
The discount retailer on Monday announced the first price increase in its 26-year history, raising the cost of household items, food and other items by almost a penny.
Cincinnati Bengals wide receiver Chad Johnson legally changed his name to Chad Ochocinco (note that it’s one word). But “Ochocinco” might not appear on his jersey for the rest of the year? Here’s the deal.
The billion dollar business that is Fashion Week kicks off with its presentation of Spring 2009 lines. Check out the highlights!
Last night, Serena Williams won the U.S. Open title with a victory over Jelena Jankovic. With that, most Americans will now forget about watching tennis for another three months. But when women's tennis comes back in 2009, WTA CEO Larry Scott is changing up a whole lot of things.
Today, we were live from Gillette Stadium in Foxborough, Mass., with Patriots owner Bob Kraft co-hosting the show. NFL commissioner Roger Goodell stopped by to talk about the state of the league.
This morning, his name started showing up on sports Web sites, including ESPN and Yahoo, as "Chad Ocho Cinco" and NFL commissioner Roger Goodell told me today that the league won't stand in his way.
To kick off New York Fashion Week, environmentally-conscious designers and the Sierra Club launched the Be EcoChic campaign with a runway show Thursday at the American Museum of Natural History. The campaign seeks to make eco-friendly fashion more attainable and raise the demand for green products by influencing public opinion through fashion.
As layoffs accelerate and job creation slows, it's no wonder that more Americans are worried about their job security.
Following are the “Fast & Furious” trades - hot ways to play tomorrow's market moving events.
Yesterday, Kohl's and JC Penney reported August same store sales slightly better than expected. Today Wal-Mart, Target, Gap, American Eagle (reaffirms third quarter guidance), Pacific Sunwear all reported sales above expectations. However, department stores did not fare as well.
Mardy Fish will play Rafael Nadal in the quarterfinals of the U.S. Open Wednesday. On the surface, it's the story of the world's No. 1 against an American player whose having his greatest run at his hometown slam. But dig a little deeper and you'll find a more intriguing business story.