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Darren Armando Geeter

Darren Armando Geeter

Producer at CNBC

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Location
United States
Languages
  • English
Covering topics
  • General Assignment News

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Recent Articles

cnbc.com

Dick's Sporting Goods made a big bet on e-commerce. Here's how it's paying off

Dick’s Sporting Goods controls an estimated 14.2% of the $76.2 billion sporting goods market in the United States. In 2021, the company posted a record annual revenue, hitting $12.3 billion, and its net income tripled thanks to its timely pivot during the pandemic toward e-commerce sales and curbside pickup. But in 2018, Dick’s was a different story. That year, after the Parkland, Florida, mass shooting, the company overhauled its gun sales policies and reported a loss of $250 million.
cnbc.com

How HBO survived mergers and strategy shifts to dominate prestige TV

For 50 years, HBO has been a pioneer in television as one of the first paid tv networks. However, HBO has never been its own standalone business.
cnbc.com

Why outlets are lagging behind other mall categories in the U.S.

The pandemic and the rise of e-commerce giants like Amazon and Shein have severely affected the industry.
cnbc.com

Here's why Americans love canned cocktails like High Noon and Cutwater

Malt-based alcoholic beverages like White Claw hard seltzer and Twisted Tea are slowly losing market share to spirits-based drinks like High Noon and Cutwater in the ready-to-drink market. Canned cocktails are the second largest spirit by volume, behind vodka. The category grew nearly 25% between 2022 and 2023. Find out why the biggest names in beer like Anheuser-Busch InBev and Molson Coors are getting in on the booming industry.
cnbc.com

Why China is behind the global luxury slowdown

2024 was one of the weakest years on record for global luxury goods sales. The driving force? China. The Asian country was behind about 20% of the overall drop. Watch the video to learn why the luxury industry lost millions of consumers in the Asian country.
cnbc.com

Here's why so few sports teams go public, even as valuations soar

Sports team values are soaring, but most stay private to avoid scrutiny, share dilution and the pressures of public ownership.
cnbc.com

Why Americans fell out of love with the hotel minibar

For many prevalent midscale hotel chains, minibars are becoming a relic.
cnbc.com

Here's how the Amazon-Hertz deal could threaten dealers

Hertz's partnership with Amazon is another step in the e-commerce giant’s march into auto sales. Hertz wants to sell cars directly to consumers. But the broader shift toward direct online sales could spell trouble for dealerships, even large ones such as AutoNation, Group1, Sonic Automotive, Penske, and Asbury. Wholesale auction companies such as Manheim and AVC are also liable to be watching the deal, as direct to consumer sales could threaten their inventories.
cnbc.com

Why Stellantis is investing $13 billion in the U.S.

Stellantis, the Euro-American parent of Jeep, RAM, Dodge and Chrysler, is forking over $13 billion to fix its struggling U.S. business, which is responsible for more than half of Stellantis' total profits. Formed in 2021, the company was a star--every year made more money than the one previous. But all the while, customers were walking away. Here's what the company is trying to do to get them back, and what challenges remain.
cnbc.com

Luxury giants lose billions in market value amid Middle East conflict

The Iran war is rattling the global luxury industry. Stocks like LVMH and Hermès have shed an estimated $100 billion in combined market value since late February. The Middle East, last year's fastest-growing luxury market at a growth rate of 6% to 8%, is now facing deep uncertainty. Dubai's booming millionaire population and elite retail scene made it a crown jewel for luxury brands. CNBC's Robert Frank explains what’s to come for the Middle East’s luxury market during the ongoing conflict in Iran.
cnbc.com

How a smaller car market is squeezing all buyers, new and used

Pandemic-era auto production pullbacks have left a hole in the used car market that totals about 7.5 million to 8 million vehicles, according to estimates from Cox Automotive. That era also changed automaker behavior in ways that will continue to keep prices high and supply low for all customers, even those shopping for the cheapest used cars.