Retail industry
Peloton strikes a deal to sell fitness equipment and apparel on Amazon
Peloton has struck a partnership with Amazon in a bid to broaden its customer base and win back investors’ confidence, as revenue growth slows from pandemic highs and its stock price plunges. In its first foray outside of its core direct-to-consumer business, Peloton starting Wednesday will be hawking a selection of its connected-fitness equipment and […]
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3 things Gap needs to fix to turn its struggling business around
A pedestrian passes in front of a Gap Inc. store in Miami Beach, Florida. Scott McIntyre | Bloomberg | Getty Images Gap needs a new game plan — and fast. In April, the retailer announced the departure of the head of its Old Navy business, which was hit by marketing missteps and supply chain snarls […]
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Stocks making the biggest moves after hours: Nordstrom, Urban Outfitters & more
A shopper wearing a protective face mask walks inside the Urban Outfitters retail store during Black Friday sales at Roosevelt Field shopping mall in Garden City, New York, November 26, 2021. Shannon Stapleton | Reuters Check out the companies making headlines after the bell: Nordstrom — Shares of the department store tumbled more than 12% in […]
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Nordstrom cuts full-year forecast, citing slowing customer demand
Shoppers leave a Nordstrom store on May 26, 2021 in Chicago, Illinois. Scott Olson | Getty Images News | Getty Images Nordstrom on Tuesday slashed its financial forecast for the full year as the department store chain faces a glut of inventory and slowing demand. The retailer’s lowered forecast came even as it reported fiscal […]
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Dick’s Sporting Goods boosts 2022 outlook after second-quarter earnings top estimates
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Dick’s Sporting Goods on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations and boosted its financial outlook for the year. The sporting goods retailer said it […]
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Macy’s cuts full-year forecast despite strong quarter, fearing shoppers will pull back on spending
Macy’s on Tuesday cut its full-year forecast, saying it anticipates deteriorating consumer spending on discretionary items like apparel that will force the department store chain to use heavy markdowns to move items off shelves. The warning comes even as the retailer reported a fiscal second-quarter profit and revenue that topped analysts’ expectations. Macy’s now sees […]
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China’s $89 billion e-commerce big JD.com posts slowest quarterly expansion on record
Chinese technological know-how companies including JD.com are dealing with headwinds from China’s Covid lockdowns and subsequent economic affect as very well as the country’s tighter regulatory natural environment for technologies companies. Qilai Shen | Bloomberg | Getty Photos JD.com defeat top and base line expectations in the next quarter, but posted its slowest 12 months-on-yr […]
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Once high-flying Chinese tech giants are now looking to scale back costs
Alibaba has faced progress troubles amid regulatory tightening on China’s domestic know-how sector and a slowdown in the world’s 2nd-biggest financial system. But analysts think the e-commerce giant’s advancement could decide up by the relaxation of 2022. Kuang Da | Jiemian Information | VCG | Getty Photographs Chinese tech giants Alibaba and Tencent normally speak […]
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Walmart expands abortion coverage for its employees in the wake of Roe v Wade decision
Customers outside a Walmart store in Torrance, California, US, on Sunday, May 15, 2022. Walmart Inc. is scheduled to release earnings figures on May 17. Bing Guan | Bloomberg | Getty Images Walmart on Friday told employees that it will expand abortion and related travel coverage, according to an internal memo. The change comes about […]
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Pharmacies must pay $650.6 million to Ohio counties in opioid case
A customer views merchandise for sale at a Walgreens store in the Hollywood neighborhood of Los Angeles. Christopher Lee | Bloomberg | Getty Images Pharmacy operators CVS, Walmart and Walgreens must pay a combined $650.6 million to two Ohio counties to address the damage done by the opioid epidemic, a federal judge ruled on Wednesday. The order […]
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