Chase Reed, 16 and still in high school, has opened a sneaker pawn shop in Harlem with his dad. And yes, they're making a profit.» Read More
CNBC's Courtney Reagan reports on the hot demand for the famous "Bean Boot", made at the L.L. Bean factory in Brunswick, Maine.
Nike reported quarterly earnings of 74 cents a share on revenue of $7.38 billion, beating expectations.
Jan Kniffen, J. Rogers Kniffen Worldwide Enterprises CEO, discusses the cost of low crude oil is really a benefit to retailers.
Editor: Steve Orlofsky+ 1 646 223 6200. WASHINGTON- U.S. consumer spending advanced at a brisk clip in November as lower gasoline prices gave the holiday shopping season a boost, offering the latest sign of underlying momentum in the economy. WASHINGTON- Jack Reed, a Mississippi clothing retailer, says the economic recovery is taking hold for his family business as...
WASHINGTON, Dec 11- Jack Reed can see the recovery taking hold at his family's 109- year-old clothing store in Tupelo, Mississippi, with sales buoyed in part by the paychecks tied to a Toyota plant up the road and rising confidence that the jobs are here to stay. Our shoppers seem more confident than they did a year ago, "said Reed, 63, whose chain of four stores clocked a...
Carbon38 co-founders Caroline Gogolak and Katie Warner Johnson, discuss their luxury athletic apparel line and pricing strategy.
Pam Quintiliano, SunTrust, breaks down the quarterly numbers on the struggling athletic apparel company.
Steve Sadove, former chairman & CEO of Saks Fifth Avenue, provides his outlook for the holiday retail season, and comments on JC Penney's turnaround.
Membership fees have helped Costco beat its profit estimates for the first quarter, but will cheaper fuel benefit the retailer's sales? Brian Nagel, retail analyst at Oppenheimer & Co thinks it's a possibility.
Dec 9- Abercrombie& Fitch Co Chief Executive Michael Jeffries, who transformed the teen apparel retailer from a drab sports brand into a fashion icon before running afoul of shoppers and investors, has stepped down after over two decades at the helm. Because I think that shift had already begun, " Simeon Siegel, a top-rated analyst from Nomura Equity Research, told...
A Target manager gave his employees an unforgettable pep talk in preparation for Black Friday.
Kevin Plank, Under Armour founder & CEO, discusses the state of the retail consumer and unveils a new fitness initiative with NBCUniversal and Radius.
Dec 9- Abercrombie& Fitch Co's controversial Chief Executive Michael Jeffries will retire with immediate effect, capping more than two decades of being at the helm of the teen apparel retailer that is now struggling to turn around. Abercrombie said on Tuesday that a team led by Executive Chairman Arthur Martinez would manage day-to-day operations until a new...
Dec 9- Teen apparel retailer Abercrombie& Fitch Co said Chief Executive Michael Jeffries would retire effective immediately, and its shares rose 6.8 percent in premarket trading. The company said a team led by Arthur Martinez, who has been named executive chairman, would be responsible for managing day-to-day operations until a new CEO was appointed.
The parent company of Victoria's Secret is impressing Wall Street with its growth strategy, reports CNBC's Courtney Reagan.
CNBC's Jane Wells unveils the winner in her search for the ugliest sweater.
CNBC's Jane Wells reports ugly Hanukkah sweaters are the fastest growing segment in the ugly sweater business.
CNBC's Jane Wells takes a look at the big business of ugly holiday sweaters ... and models some of the latest.
Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. Delia* s said on Monday Salus Capital Partners LLC will give it a $20 million debtor-in-possession credit facility to continue operations, conduct store closings and closeout sales. The case is In re: Delia* s Inc, U.S....
Dec 8- Teen apparel retailer Delia* s Inc filed for Chapter 11 bankruptcy protection and said it had hired advisers to help liquidate its assets. The company listed total assets of $74 million and liabilities of $32.2 million in its filing on Sunday with a U.S. bankruptcy court. The company also said Chief Executive Tracy Gardner and Chief Operating Officer Brian...