Retail News - LeadStory

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October sales war: Best deals from Amazon, Walmart, Target

The October sales war is heating up! Walmart, Target and Amazon compete with up to 65% off tech, furniture, appliances, and holiday gifts. Compare the best deals now.

Scripps Local

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Holiday shoppers expected to spend over $253 billion online

The holiday shopping season is set to kick off in November, with U.S. online sales projected to surpass $253.4 billion, according to data from Adobe Analytics. Early deals are already rolling out as retailers prepare for one of the busie...

CBS America

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Costco now selling weight loss drugs Ozempic, Wegovy

Shoppers can now find Ozempic and Wegovy at Costco. It says it is partnering with drugmaker Novo Nordisk to offer the drugs at a steep discount for members with a prescription.

CBS America

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FDA vape crackdown drives price hikes, small shops face uncertain future

Small vape shops are raising prices and struggling to stay open amid new FDA regulations on flavoured e-cigarettes. Owners warn of an uncertain future as compliance costs rise.

Scripps News

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Tariffs pushed up prices on some products in August, data shows

New economic data found that heavily imported goods saw steep price hikes in August.

CBS America

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Small businesses warn Trump's import change will drive up prices

An exemption that allowed low-value parcels shipped to the United States to avoid tariffs has ended, the Trump administration said. Imtiaz Tyab has more on the fallout.

CBS News

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Target CEO stepping down amid slumping sales

Target's CEO Brian Cornell is stepping down after 11 straight quarters of sliding sales. The company said customer backlash to its decision to roll back DEI programs this year has also hurt sales.

CBS America

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Gold jeweler selling 'royal' designs is defying China's economic slump

In a year when traditional luxury brands are struggling to attract buyers in the Chinese market, one notable exception has emerged: gold. Laopu Gold, a homegrown brand, has surged in popularity with its stock price skyrocketing.

Bloomberg

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Robinhood CEO: 'Tragedy' that retail can't tap private markets

Robinhood CEO Vlad Tenev said retail investors are largely excluded from the "huge opportunity" available in private markets. Tenev spoke with Carlyle Co-Founder & Co-Chairman David Rubenstein for an episode of Bloomberg Wealth.

Bloomberg

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Breaking down U.S. trade agreement with Philippines, Indonesia deal

As we approach the Aug. 1 trade tariff deadline, President Trump has announced the details of new trade deals with both Indonesia and the Philippines.

CBS America

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Some products labeled 'Made in the USA' may not be honest

Manufacturers take "Made in the USA" very seriously, but some labels are not as honest as advertised. Here's what to know about things claiming to be American-made.

CBS America

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How tariffs are affecting firework sales

Most fireworks come from China, but this year, some shipments were complicated by President Trump's tariffs.

CBS America

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Hodge: Retailers overstocking to brace for potential tariffs

Chris Hodge, Chief U.S. Economist at Natixis CIB Americas, says the Fed should be cutting rates but is cautious due to tariff risks. He warns inflation may rise as restocking at higher costs begins.

CNBC

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Big Lots CEO on how Trump's tariffs are impacting the retailer

Lisa Seigies, president and CEO of Variety Wholesalers, which purchased Big Lots after it filed for bankruptcy last year, speaks to "CBS Mornings" about reopening stores and the impact of President Trump's tariffs.

CBS America

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Walmart CEO warns prices will rise due to Trump tariffs

The world's largest retailer says new import tariffs will force price hikes, raising concerns about inflation and how it could affect American shoppers. Jo Ling Kent reports.

CBS News

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Walmart says tariffs will raise prices on some products

The Producer Price Index fell 0.5% in April, the largest decline since the COVID-19 pandemic began. Meanwhile, Walmart warned of price hikes due to President Trump's tariff plan despite recent trade deals.

CBS News

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CNBC survey: 15% of businesses will pass tariff costs on to customers

CNBC’s Frank Holland joins 'Power Lunch' to break down the results from the latest CNBC CFO Council Survey.

CNBC

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Trump meets executives from Walmart, Target and Home Depot

President Donald Trump on Monday met with chief executives from three of the nation’s top retailers, who came to the White House to discuss how his sweeping tariff plans could impact their import-heavy business models.

CNBC

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Could tariffs ruin Christmas?

For years, vendors at the world’s largest wholesale market in Yiwu, China have been exporting Christmas and Halloween decorations to the U.S. But now, they’re in the middle of the escalating U.S.-China trade war.

CNN

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Consumers shopping at more locations to find best deals

Deborah Weinswig, Coresight Research CEO, joins CNBC's 'Squawk on the Street' to discuss consumer sentiment, which retailers may be most insulated from tariff pressures and which face the most headwinds, and more.

CNBC

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Trump’s tariffs could spike Nintendo’s Switch 2 prices

Nintendo just announced its next-gen Switch—but U.S. preorders are on hold after U.S. President Trump unveiled a sweeping tariff plan. Gaming experts fear prices could spike.

CNN

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Uncertainty on tariffs is affecting consumer sentiment, economist says

Sree Kochugovindan, senior economist at Aberdeen, reviews the latest U.S. inflation print and the impact that U.S. President Donald Trump's regime is having on consumer sentiment.

CNBC

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China officials meet with Walmart after tariff price cut demand

Chinese authorities summoned Walmart executives this week over reports it asked suppliers to bear rising costs incurred by increased U.S. tariffs. Bloomberg's Emily Cohn discussed what's at stake on Bloomberg Open Interest.

Bloomberg

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Are Western brands weighing a return to Russia, if the war ends?

As Moscow and Washington discuss ending the war in Ukraine, one question on investors' minds is whether the corporate exodus from Russia in opposition to the February 2022 invasion of its neighbor may be reversed.

Reuters

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Shoppers buy 'bare minimum' at grocery stores as tariffs loom

With grocery prices already more than 25% higher than five years ago, tariffs could spur increased costs for families already on a tight budget. Nancy Chen has more.

CBS News

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AI chat bots help people find deals during holiday shopping season

Justin Post, Bank of America internet analyst, joins CNBC's 'The Exchange' to discuss the rise in shopping chat bots, how the features are helping drive traffic to retailers, and more.

CNBC

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Harrods' ex-owner Al Fayed raped, assaulted staff, lawyers say

The late Egyptian billionaire Mohamed Al Fayed sexually abused female staff at his London department store Harrods, forced them to have medical screenings and threatened consequences if they tried to complain, lawyers for alleged victims...

Reuters

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Trump sells millions in mugshot merchandise

Former President Donald Trump's has sold millions in merchandise emblazoned with his mugshot, this happens as his legal team faces a court showdown as they grapple with multiple indictments, while court dates loom amidst the progress of ...

Fox News

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EBay CEO talks AI explosion

EBay CEO Jamie Iannone discusses the company's second-quarter earnings and the push for more luxury sales. He speaks with Matt Miller on "Bloomberg Markets." EBay dropped after projecting earnings in the current quarter that narrowly mis...

Bloomberg

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Push for supermarkets to reduce carbon footprint

Supermarket fridges and freezers are a significant source of carbon emissions. Now, there is a push to switch to refrigeration powered by carbon dioxide as a greener alternative. One Ontario supermarket chain is already making the change...

CBC News