Tesla teams up with Nordstrom to sell Model X

Here is the latest Retail News from CNBC.

Tesla teams up with Nordstrom to sell Model X
Tesla will open a gallery at the Nordstrom department store in one of the country’s most lucrative malls.

The rise of the ‘grocerant’: How millennials impact supermarket growth
An increasing number of supermarkets are stocking shelves with prepared foods and offering in-store dining.

That big bounce in apparel sales isn’t quite what it seems
Sales at clothing and apparel stores declined 0.5 percent compared to last May, according to data from the Commerce Department.

May retail sales beat; point to strong demand
Sales rose more than expected in May, suggesting economic growth was gaining steam despite a sharp slowdown in job creation.

Martha Stewart partners with Marley Spoon on new meal-kit delivery service
Martha Stewart unveils a meal-kit delivery service that puts her in competition with start-ups Blue Apron and Plated.

Walmart Canada to stop accepting Visa, says fees too high
Walmart Canada stores will stop accepting Visa cards because the credit card provider charges merchants “unacceptably high” fees, the retailer said.

McDonald’s to shift headquarters to downtown Chicago
McDonald’s will move its corporate headquarters to downtown Chicago by 2018.

In-N-Out tells workers to ration yellow chili peppers amid shortage
In-N-Out and several other restaurants are facing a major shortage of peppers this spring due to weather conditions affecting the crop, Eater reports.

Urban Outfitters shares plunge amid weak same-store sales trend
Urban Outfitters shed more than 8 percent after the firm revealed that same-store sales were falling this quarter.

The next wave of online shopping is about to hit
Millennials’ influence over other generations is about to fuel a sustained period of online sales growth, a new report has found.

Restoration Hardware shares plunge after surprise first-quarter loss
Restoration Hardware Holdings shed 20 percent after releasing its financial results for the first quarter.

Lululemon’s miss ‘doesn’t matter’—Here’s what does
Investors quickly looked past Lululemon’s fiscal first-quarter shortfall, as they keyed in on three key metrics.

Surprise! Online shopping has finally hit this milestone
For the first time, “avid” online shoppers said more than half of the purchases they made during that timeframe were online.

Adidas turned recycled ocean waste into a pair of limited edition sneakers
Adidas unveiled a prototype 3D-printed sneaker made from recycled plastic ocean waste, reported the Verge.

Lululemon Athletica’s profit narrowly misses as costs rise
Canadian yoga-wear retailer Lululemon Athletica’s quarterly profit fell 5 percent as costs rose.

Retailers trigger this key emotion to increase sales
The fear of regret can be powerful.

General Mills’ new Tiny Toast cereal has some big hurdles to clear
A sharp drop in cereal sales hasn’t stopped General Mills from launching its first new breakfast cereal in 15 years.

SodaStream shares pop after Keurig Kold gets permanently iced
Shares of SodaStream gained after reports that Keurig was discontinuing its Kold product line and laying off employees.

Burger King’s Whopperrito: Yes, it’s exactly what you think it is
A new menu item from Burger King has the internet sizzling after consumers spotted the Whopperrito in several restaurants, NBC News reports.

Burberry woes see CEO’s total pay plunge 75%
Burberry paid its chief executive 75 percent less last year than in the 2014-15 period after the British luxury brand failed to meet its profit target.

Ralph Lauren shares drop as job cuts, store closing weigh on sales
Stefan Larsson is bringing his Old Navy playbook over to Ralph Lauren.

Hostess recalls snack cakes, doughnuts over peanut residue
Hostess Brands voluntarily recalled various snack cakes and doughnuts over concerns they may have come in contact with peanut residue.

Wal-Mart shares ripe for buying, Jefferies analysts say
Thinking about investing in retail? Take a look at Wal-Mart Stores, analysts at Jefferies say.

Whole Foods shares rise amid bullish Barron’s report
The Barron’s report says the stock could return 20 percent over the next year.

Panera sued over sandwich served to child with peanut allergy
Panera Bread was slapped with a lawsuit after a girl with a serious peanut allergy was allegedly served peanut butter in a grilled cheese sandwich.

10 reasons to buy Wal-Mart right now, according to Jefferies
Wal-Mart shares are up 16 percent so far this year, but one analyst says the stock has more room to run.

McDonald’s Japan is giving away a gold chicken nugget
McDonald’s Japan is offering customers the chance to win an 18-karat gold chicken nugget, USA Today reports.

Wal-Mart CEO: There’s still room to grow US sales
Doug McMillon told CNBC there are more opportunities to improve Wal-Mart’s in-store operations.

How will Wal-Mart keep slashing prices: Here’s a hint — it flies
Wal-Mart is testing one technology that could help keep merchandise cheap for shoppers.

Wal-Mart partnering with Uber, Lyft for grocery delivery program
Wal-Mart’s latest test comes as it seeks to use its network of stores to better compete against Amazon.or.

The next place Wal-Mart is about to get more aggressive
After playing second fiddle to the company’s U.S. business as it retooled itself, Wal-Mart’s UK division is ready to gun for market share.

Want to buy Michael Kors? You better be prepared to pay full price
If you like buying Michael Kors handbags on sale at department stores, you are going to be out of luck soon.

Costco to hike member fees later this year, so buy the stock, Goldman Sachs says
Goldman Sachs just upgraded Costco to buy from neutral.

Nike downgraded twice because Steph Curry’s Under Armour is stealing sales
Morgan Stanley and Bank of America Merrill Lynch just downgraded Nike on concerns about Under Armour and Adidas.

Reality or wishful thinking? Retailers pin hopes on second-half bounce
Analysts aren’t as confident that the second half and holiday season will be merry and bright for retailers.

Michael Kors shares pop after beating Wall Street earnings estimate
Shares of Michael Kors rose 4 percent after reporting better-than-expected quarterly results.

Top retailers fall short of commitments to overseas workers
Human rights groups say that 3 years after 1,100 died in Bangladesh, retailers have not fulfilled pledges, the NYT reports.

Consumer spending posts biggest gain in more than six years
Inflation also rose steadily, more signs of an acceleration in economic growth that could persuade the Fed to raise rates again as early as June.

Shorter men have a huge problem. These guys want to fix it
Despite the potentially huge customer base, e-commerce sites selling clothes for shorter men remain a rarity.

Summer is finally here! Now what are your plans for Christmas?
Worrying about consumers, many retailers are taking a cautious approach to their holiday orders.

Consumer sentiment inches up in May
Consumers were feeling more optimistic in May — but attitudes still weren’t as sunny as expected.

Ulta shares hit all-time highs after earnings beat
Shares of the beauty retailer hit all-time highs after beating Street expectations and raising full-year guidance.

Big Lots soars after guidance raised, comp sales beat
Shares of Big Lots soared after the company posted better-than-expected earnings and comparable sales Friday morning.

Adidas just sold one of the of most popular jersey makers
Adidas had agreed to sell U.S. sportswear seller Mitchell & Ness, resulting in a one-time gain in the low to medium double-digit million euro range.

How much should a drink cost? Depends on your age.
Young people are willing to pay far more for a drink than someone a generation older.

Massive sippy cup recall issued amid risk of illness to kids
More than 3 million cups for children are being recalled by Mayborn USA because of the risk of mold that could cause sickness.