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
Troubled retailers Sharper Image and Lillian Vernon have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.
Talk about a power duo: Apple's iTunes just became a signature sponsor and the official online content supplier for American Idol. This means if you want to hear or watch a video of a music performance, you can find it all on iTunes for 99 cents or $1.99 starting March 11. Apple is joining Coke, Ford, and AT&T...
Wall Street was thrilled that Sony's Blu-ray has officially won the high def format battle. Sony's stock made gains Tuesday on the news that Toshiba will stop making HD-DVD players. This is the final piece in a long battle that dragged on for years, losing movie studios hundreds of millions...
In October, Gatorade agreed to, for the first time ever, license an athlete's name for a product and give that athlete a percentage of product sales. That athlete was Tiger Woods and we projected that Woods would make more than $11 million in royalties from March 2008 to March 2009.
I can't recall an NBA All-Star Game where there were fewer shoes to buzz about. ...How does Dwight Howard win the dunk contest in a Superman cape and in what is essentially a generic Adidas shoe? I posed that question to Adidas spokesman Travis Gonzolez...
Do you want total control over your phone number? Want to track calls made by dozens of salespeople? Want a local number in L.A. when your business is in New York? All this and keeping identity thieves at bay are possible with virtual numbers made available through a company called Vumber.
Now that American Apparel CEO Dov Charney's sexual harassment and wrongful termination lawsuit is headed to trial, will there be changes in the boardroom or behavior in how day-to-day management of American Apparel is handled? ...The trial is set to begin today...
Valentine's Day got a little heated for some Retail Detail readers. I posted my interview with FTD's CEO right here yesterday for all of you to get a little insight into what goes on during one of the busiest days of the year in the floral industry. My friends on "Squawk Box: interviewed the CEO of 1-800-Flowers (FLWS) yesterday morning as well.
With a Bud Shootout and Gatorade Duels victory, Dale Earnhardt Jr. is 2-for-2 in non-point races, which should come as a relief to NASCAR executives. The statistics on Earnhardt are scary. In his last 114 real races, Earnhardt has won only twice. That's a winning percentage of 1.75 percent.
Comcast's stock has fallen more than 30 percent in the past year -- painful for Comcast shareholders, including some activist shareholders who own chunks of stock. But Thursday, Comcast's stock made gains after the cable company announced its earnings and a quarterly dividend...
Best Buy cut its fiscal 2008 profit outlook Friday, blaming in part lower-than-expected sales growth in January.
Swedish fashion giant Hennes & Mauritz reported on Friday a 3 percent rise in January sales at stores open more than a year, lagging market expectations.
Over a million bouquets of flowers will be delivered today by FTD. After all, Valentine's day is to flower and jewelry companies what the Super Bowl is to TV retailers. Competitor 1-800-flowers and other delivery services including Harry & David are highly affected not only by a consumer cutting back on spending but also by the weather.
Liz Claiborne said fourth-quarter and 2008 earnings will be well below analysts' expectations, as the clothing company's sales suffer amid a consumer spending slowdown, sending shares falling as much as 15 percent.
An unexpected rise in January retail sales fired up hopes the U.S. economy might skirt recession despite the pressure on consumers.
An unexpected rise in January retail sales sent stocks higher Wednesday, but Jeff Macke urged skepticism on CNBC’s Closing Bell.
Retail numbers gave stocks a boost today, but the experts remain mixed about the strength of the consumer.
U.S. business inventories rose a bigger-than-expected 0.6 percent in December as salesfell, a government report on Wednesday showed.
Surprise! Retail sales were not a disaster in January; futures rose about 5 points on that news. Elsewhere: 1) Deere's spacer earnings of $0.83 handily beat estimates.
Valentine's Day is traditionally the second most popular day of the year to dine out, and the industry can expect a healthy turnout— over $1.5 billion -- this year, even if other areas are seeing a pullback.