Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
"I don't want to do business at all because it is a national security threat," Trump told reporters.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Trump's is due to visit Copenhagen early next month, when the Arctic will be on the agenda in meetings.World Politicsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Lululemon has been testing a loyalty program that charges members $128 a year for curated experiences and free shipping, among other benefits, the company announced Thursday.
The retailer told analysts on its third-quarter earnings call that its pilot program was so successful, it plans to expand the it to other test markets. Reviews from its Edmonton test market, the first region for the experiment, indicate customers would pay more — so the price might rise, executives said. Currently, the annual fee pays for a pair of pants or shorts, the ability to attend curated events, workout classes and free expedited shipping.
Its expansion into a loyalty program comes as retailers are looking to make shopping "experiential" in order to keep customers coming back. Brick-and-mortar stores have been looking beyond the products on their racks to make shopping in-store worth a trip to the mall.
"Guests are seeing value beyond just the product," Lululemon's CEO Calvin McDonald said on the company's quarterly conference call about early reviews of the program.
Lululemon is also facing greater competition in the athleisure market as it becomes more evident that the popularity of leggings is no fad.
Free shipping is one way retailers are looking to breed customer loyalty. Retail giants like Walmart and Target have been lowering their thresholds for free shipping to compete with Amazon, pushing smaller brands like Lululemon to do the same.
McDonald said on the conference call that the program has so far received strong initial reviews from Edmonton members. He did not say where it plans to expand the program to.
Shares of the athleisure retailer dipped 3 percent in aftermarket trading after providing its outlook for the fourth quarter that disappointed investors. It beat on the top and bottom lines, however, posting adjusted earnings of 75 cents per share and $748 million in revenue.