1. Channel: Specialty & Other

Here’s how companies like Kohl’s and Krispy Kreme got caught in the meme stock frenzy

Written by Posted on Less than 0 min read

Kohl’s was amongst a new wave of meme stocks that surged from traders taking advantage of cheap share prices and heavy short positions.

View Original Article
Post Views: 34
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. Department: Food

Beyond Meat shares tumble after reporting wider-than-expected loss, shrinking revenue

Beyond Meat’s stock tumbled after the company reported a wider-than-expected loss for its fourth quarter. View Original Article Dept. Fresh Post Views: 408 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. CPG: Food & Bev

PepsiCo earnings beat estimates even as U.S. demand falls

PepsiCo reiterated its full-year outlook after its quarterly earnings and revenue topped estimates. View Original Article Results & Investment PepsiCo Post Views: 33 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. Shopper & Customer

Best Buy lays off hundreds of store employees as shopping trends shift

[[“value”:”Best Buy said Friday that it is laying off hundreds of store workers as more of its shoppers buy online and sales of consumer electronics weaken.”]]  View Original Article Dept. Consumer Electronics Associates Consumers Trends: Shopping Shoppers Dept. Nonfood Best Buy Post Views: 340 CNBC Member since October 25, 2020 Loading + Follow Following CNBC […]
< 1 min read
0
  1. Shopper & Customer

Here’s what we’ve learned about the health of the consumer this earnings season

A slate of earnings reports in recent weeks show consumers are tightening their belts and prioritizing essential purchases. View Original Article Results & Investment Consumers Health & Wellness Post Views: 346 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. Channel: Restaurants

McDonald’s earnings top estimates as mascot Grimace fuels U.S. sales

​McDonald’s same-store sales grew 11.7%, driven in part by a strong showing in Europe and the chain’s Grimace promotion.  View Original Article Restaurants Results & Investment Post Views: 299 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 […]
< 1 min read
0
  1. Department: Consumer Durables

Target shares sink more than 20% after company says high costs, inventory woes hit profits

The big-box retailer said it saw a healthy customer, but a shift to experience-based purchases, such as toys for birthday parties and luggage for trips. View Original Article Target Operations & Supply Chain Shoppers Dept. Nonfood Dept. Toys & Games Post Views: 385 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is […]
< 1 min read
0
  1. Trends & External Forces

Beyond Meat cuts revenue outlook, says it’s trimming workforce

KEY POINTS Beyond Meat lowered its 2022 revenue forecast and announced it will trim its workforce by 4% The company cited inflation, rising interest rates and recession concerns for the revised outlook. The company’s net sales also dropped 1.6% to $147 million and its net loss widened. Vegetarian sausages from Beyond Meat Inc, the vegan burger maker, […]
2 min read
0
  1. Holiday & Events

Retailers have a new holiday headache — people are spending their money on travel

The peak shopping season will test spending priorities of consumers who are facing high inflation. View Original Article Holiday & Events Consumers Economy Post Views: 370 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. Media & Marketing

Jake Paul, Mike Tyson fight breaks record for biggest boxing gate outside of Las Vegas

The fight’s promoter, Most Valuable Promotions, told CNBC it expects more than 70,000 people to attend the Friday night bout at AT&T Stadium in Arlington, Texas. View Original Article Marketing: Trade Post Views: 154 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. Channel: Drug

Rite Aid to be barred from using facial recognition under proposed FTC settlement

​[[“value”:”Rite Aid deployed facial recognition to catch shoplifters, but the system generated thousands of false-positive matches, according to the FTC.”]]  View Original Article Rite Aid Government Post Views: 273 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 […]
< 1 min read
0
  1. Corporate Finance

Lowe’s beats on earnings and hikes guidance, but still expects sales to fall this year

Lowe’s topped quarterly earnings and revenue estimates, but even its raised sales outlook would be a decline from last year. View Original Article Results & Investment Post Views: 114 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 […]
< 1 min read
0
  1. Department: Consumer Durables

Abercrombie & Fitch shares fall after star retailer posts weak guidance for year ahead

Abercrombie & Fitch’s business may be leveling out after two years of explosive growth. View Original Article Dept. Apparel Post Views: 49 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. Corporate Strategy

Abercrombie & Fitch, ex-CEO sued over sex abuse and trafficking accusations

​[[“value”:”Former Abercrombie CEO Mike Jeffries was accused of allegedly running a sex trafficking ring that exploited men hoping to become models for the brand.”]]  View Original Article Dept. Apparel Amazon Executives Post Views: 276 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. Channel: Restaurants

Domino’s Pizza finally launches stuffed crust to keep customers away from rivals

Thirty years after Pizza Hut introduced stuffed crust, Domino’s is introducing its own take. View Original Article Restaurants Post Views: 307 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. Corporate Strategy

Nordstrom stock surges after activist investor Ryan Cohen buys stake in retailer

 [[“value”:”GameStop Chairman Ryan Cohen is targeting former Bed Bath & Beyond CEO Mark Tritton, a member of Nordstrom’s board.”]]  View Original Article Executives Bed Bath & Beyond Post Views: 348 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. ESG

Target tiptoes back into resale with new ThredUp deal, as it makes sustainability push

The retailer’s landing page on ThredUp includes items from its private labels along with select items from luxury and designer brands. View Original Article Target Packaging Sustainability Recommerce Post Views: 452 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. Department: Food

Beyond Meat reports narrow-than-expected quarterly loss despite sinking sales

​   ​     View Original Article Dept. Fresh Post Views: 360 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 platforms. https://www.cnbc.com Do you like […]
< 1 min read
0
  1. Trends & External Forces

How tariffs may skew retail sales results this earnings season

One strategy retailers are using is being selective about where they put price increases to offset the impact of tariffs, said retail analyst Dana Telsey. View Original Article Results & Investment Strategy Government Post Views: 16 CNBC Member since October 25, 2020 Loading + Follow Following CNBC is the recognized world leader in business news […]
< 1 min read
0
  1. Uncategorized

NBA Commissioner Adam Silver speaks out against Kyrie Irving’s antisemitic post

In a statement, Silver called the decision to post the video “reckless” and said he will be meeting with Irving in person next week to discuss the situation. View Original Article Post Views: 304 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. Corporate Strategy

Levi Strauss CEO says company’s search for new leader got help from unlikely source

The denim retailer said Gass will become its CEO within the next 18 months. View Original Article Executives Post Views: 314 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
Next