Category: Retail News
Cowen upgrades Skechers, says footwear stock could rally nearly 40% as brand gains momentum
The firm said the shoe is gaining preference and earnings estimates are too conservative. [...]
JPMorgan double upgrades Wayfair, says it’s time to buy the beaten-down furniture stock
The stock could rally more than 30%, the firm said. [...]
Deutsche Bank upgrades Shopify, says stock can rally more than 20% as more brands migrate to platform
The firm said the interest from retailers marks a turn from cooled growth in the past 12 months. [...]
LeBron James NBA Finals jersey expected to fetch up to $5 million at auction
Sotheby’s is auctioning a game-worn LeBron James jersey estimated to be valued between $3 million and $5 million. [...]
Wayfair stock climbs after online retailer lays off 1,750 workers
Wayfair said Friday it will lay off 1,750 employees to support company-wide restructuring and cost-cutting efforts. [...]
Bed Bath beefs up legal team ahead of possible bankruptcy filing in New Jersey
Bed Bath & Beyond has hired another legal advisor as it preps a potential bankruptcy filing in New Jersey, according to people familiar with the m [...]
Barclays upgrades Ralph Lauren, a ‘best-in-class’ apparel name with growth opportunities
There's no better time to buy up shares of a solid apparel name with upside potential, according to Barclays. [...]
How robots are helping address the fast-food labor shortage
Struggling to find workers and eager to relieve staff from boring, repetitive tasks, fast-food restaurant chains are adding robots to their kitchens. [...]
Nordstrom shares sink after retailer posts weak holiday sales and slashes guidance
Nordstrom said weak sales and a ton of markdowns hurt its results during the holiday season. [...]
P&G CEO’s upbeat take on the economy makes the consumer staples giant even more attractive in 2023
The chief executive of Club holding Procter & Gamble (PG) on Thursday said inflation appears to be easing and pressure from a strong U.S. dollar a [...]