Gabrielle Fonrouge

Articles by Gabrielle Fonrouge

GameStop's Ryan Cohen eyes 'very big' consumer megadeal that could increase company's value tenfold

Crypto January 31, 2026

GameStop wants to acquire a publicly traded consumer company that's far larger than the video game retailer in a deal that could be "transformational" for the company, CEO Ryan Cohen told CNBC in an οΏ½...

Ho hum holiday: Retail's early results show modest growth in critical shopping season - CNBC

Business January 13, 2026

Some retailers provided early holiday results on Monday that showed the crucial shopping season was solid, but didn't blow away expectations.Β  Lululemon, which is preparing for a new CEO and staring...

ServiceNow in talks to acquire cybersecurity startup Armis in potential $7 billion deal, Bloomberg reports - CNBC

Business December 15, 2025

Software company ServiceNow is in advanced talks to buy cybersecurity startup Armis, which was last valued at $6.1 billion, Bloomberg reported.Β  The deal, which could reach $7 billion in value, woul...

Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - CNBC

Business December 13, 2025

Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company.Β  The company's board of directors is w...

Lululemon CEO Calvin McDonald to depart in January as retailer struggles to compete, woo shoppers - cnbc.com

Business December 12, 2025

Lululemon announced Thursday its CEO Calvin McDonald will step down effective Jan. 31 following more than a year of underperformance at the athleisure company.Β  The company's board of directors is w...

From the California gold rush to Sydney Sweeney: How denim became the most enduring garment in American fashion - CNBC

Business December 7, 2025

Jodie Foster, Billie Perkins, and Robert De Niro perform a scene in Taxi Driver directed by Martin Scorsese in 1976 in New York, New York. In the dwindling days of the California gold rush, the wifοΏ½...

Abercrombie shares soar 18% on Hollister growth, strong earnings beat - CNBC

Business November 26, 2025

Shares of Abercrombie & Fitch soared 18% in premarket trading on Tuesday after the company posted 7% growth in quarterly sales and issued its holiday guidance.Β  Abercrombie, which runs its names...

Dick's Sporting Goods to shutter some Foot Locker stores to protect profits - CNBC

Business November 26, 2025

Dick's Sporting Goods is planning to close a slew of Foot Locker stores now that its acquisition of the sneaker company is complete, the company said Tuesday when announcing fiscal third-quarter earnοΏ½...

Peloton launching resale market for used bikes, treadmills - CNBC

Business June 4, 2025

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people's homes.Β  The plat...

Gap shares plummet as retailer says tariffs will cost hundreds of millions - CNBC

Business May 30, 2025

Gap said new tariffs could impact its business by $100 million to $150 million, if they remain in effect, the company said Thursday when announcing fiscal first-quarter earnings.Β  Shares fell more t...