1. Associates & Employees

Gap eliminating about 500 corporate jobs as sales fall

Written by Posted on Less than 0 min read

Gap Inc. is cutting about 500 corporate positions amid declining sales and a push to cut spending.

View Original Article
Member since
CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all platforms. https://www.cnbc.com
Do you like CNBC's articles? Follow on social!

More from CNBC

  1. Corporate Strategy

Under Armour CEO Patrik Frisk to step down, interim chief will take over June 1

Under Armour said its president and chief executive officer, Patrik Frisk, will be stepping down, effective June 1. View Original Article Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 […]
< 1 min read
0
  1. Department: HBC

Cannabis drinks pop up as companies bet on the growing market for legal marijuana

As the U.S. market for recreational marijuana expands, companies are betting people will want to drink their cannabis. View Original Article Cannabis Dept. Beverage Dept. HBC Editor's Choice Legal & Criminal Pop Ups CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
  1. Data & Insights

Il Makiage parent Oddity buys biotech startup Revela to design new molecules for beauty products

​[[“value”:” Courtesy: Oddity The beauty and wellness platform behind Il Makiage and Spoiled Child is investing more than $100 million to acquire a biotech startup and open a U.S.-based lab in a bid to make the most effective cosmetic products on the market, the company announced Thursday. Oddity is buying startup Revela for $76 million, […]
3 min read
0
  1. Owned Brands (Private Label)

Walmart CEO Doug McMillon vows to keep private labels priced low to fight inflation

​   ​   [[“value”:”Walmart CEO Doug McMillon intends to keep the company’s private brands priced low in order to help bring down high prices across the industry.”]]  View Original Article Economy Executives Owned Brands (Private Label) Packaging Walmart CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business […]
< 1 min read
0
  1. Corporate Strategy

Costco CEO’s one-word answer to whether he would raise the price of hot dogs: ‘No’

The retail executive also said the company is putting off a hike in annual membership fees. View Original Article Costco Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million […]
< 1 min read
0
  1. Agencies & Vendors

Retailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress’

Over the last year, Peloton, Saks, Express and Bath & Body Works have often failed to pay vendors on time, a sign they could be struggling to manage cash flows. View Original Article Vendors Results & Investment CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business […]
< 1 min read
0
  1. CPG & FMCG

How Axe Body Spray is trying to move beyond teenage boys’ lockers

Axe Body Spray was a defining fragrance for the early 2000s teenage boy, but it lost some traction as the brand’s offerings expanded and messaging evolved. View Original Article Unilever CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage […]
< 1 min read
0
  1. Trends & External Forces

UBS expects 50,000 store closures in the U.S. over the next 5 years after pandemic pause

While analysts at UBS see more pain ahead, it’s not as many closures as the investment bank had initially projected about a year ago. View Original Article Results & Investment COVID19 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market […]
< 1 min read
0
  1. CPG: Consumer Durables

Allbirds shares fall as sneaker retailer reports widening losses, despite 23% jump in sales

Allbirds shares tumbled as the sneaker retailer revealed mounting losses in the fourth quarter that weighed on profits. View Original Article Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Department: Beverage

Starbucks customers are complaining about stomach issues from new olive oil-infused coffee

One customer described the Oleato beverage line as a “legit laxative.”  View Original Article Restaurants Dept. Beverage Dept. Fuel Shoppers CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people […]
< 1 min read
0
  1. Channel: Mass

Weight loss drugs boost sales at retail pharmacies, but they may not help profits much

​[[“value”:”Analysts said blockbuster weight loss drugs like Wegovy are minimally profitable for retailers like Walmart – and may even come with slight margin headwinds.”]]  View Original Article Walmart CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business […]
< 1 min read
0
  1. Corporate Finance

Kohl’s says final sale bids expected in coming weeks; retailer slashes full-year outlook after earnings miss

Kohl’s joins a growing list of major retailers that have seen logistics and staffing expenses eat into profits amid 40-year-high inflation. View Original Article Results & Investment Operations & Supply Chain Economy CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial […]
< 1 min read
0
  1. Channel: Home Improvement

Here’s why Home Depot and Lowe’s are booming in a housing market bust

Lowe’s and Home Depot are faring well even as the housing market is going through a rough patch. View Original Article Home Depot CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than […]
< 1 min read
0
  1. Trends & External Forces

Peloton insiders sold nearly $500 million in stock before its big drop, SEC filings show

The wave of insider selling started when the stock surged past $80 in the fall of 2020, and gained momentum in 2021 as it held above $100, SEC filings show. View Original Article Government CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides […]
< 1 min read
0
  1. Shopper & Customer

Uncertainty clouds holiday shopping for consumers as inflation takes a toll

To combat higher prices, shoppers plan to make fewer purchases and at a discount this holiday season. View Original Article Consumers Economy Shoppers Holiday & Events CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Technology & Innovation

Amazon will now allow cashierless checkout for clothing

​[[“value”:”Previously, the system was primarily in use at convenience and grocery stores.”]]  View Original Article Amazon Brick and Mortar Technology & Innovation Dept. Apparel Tech: Cashierless CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed […]
< 1 min read
0
  1. Uncategorized

Washington Commanders near a deal to sell to 76ers owner for around $6 billion

[[“value”:”The deal would represent a record price for a North American sports franchise.”]]  View Original Article CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content consumed by more than 355 million people per month across all […]
< 1 min read
0
  1. Corporate Strategy

Kellogg may raise prices again in 2022 as it sees ‘double-digit cost inflation,’ says CEO

“Our goal is to cover all of those input costs with pricing and productivity, and we think we’re in very good shape to do that,” the Kellogg CEO said Thursday. View Original Article Economy Executives CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and […]
< 1 min read
0
  1. Department: Consumer Durables

Fanatics will become the NHL’s official uniform supplier, replacing Adidas

​   ​  The 10-year deal marks the first time Fanatics branding will appear on official player uniforms in professional sports.    View Original Article Marketing: Brand Dept. Apparel CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time financial market coverage and business content […]
< 1 min read
0
  1. Data & Insights

A record 73 million Americans plan to bet on the NFL this season, survey says

​[[“value”:”The NFL season kicks off this week, and with 34 states and D.C. offering legal sports gambling, Americans are increasingly willing to place a bet.”]]  View Original Article Thick Data Legal & Criminal CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news and provides real-time […]
< 1 min read
0
Next