Category: Retail News
Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
Nike's CEO John Donahoe said the company is "really focused" on Gen Z consumers in China and aims to see inventory levels normalized by the end of the [...]
Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. [...]
Iconic Kobe Bryant jersey up for auction, expected to fetch up to $7 million
A jersey that Kobe Bryant wore for 25 games during his MVP season is being sold at auction by Sotheby's. [...]
Walmart strikes a deal with Salesforce to sell more of its tech to other retailers
Walmart has used its reach and e-commerce growth to make money in new ways. [...]
China’s reopening set to boost Hong Kong’s property market as retail leads the recovery: Colliers
In light of China's reopening and easing of Covid rules, Hong Kong's property market will be on a path to recovery in 2023, according to Colliers Hong [...]
Starbucks CEO Howard Schultz tells corporate workers to return to the office 3 days a week
Starbucks corporate employees will be returning to the office at least three days by the end of the month. [...]
A slowdown in denim demand could spell trouble for Levi Strauss, Citi says in downgrade
Weaker demand for denim products could prove a major headwind for shares of Levi Strauss in the near future, according to Citigroup. [...]
Prince Harry memoir breaks UK sales records and tops Amazon bestseller lists
Prince Harry's memoir "Spare" became the fastest selling non-fiction book ever in the U.K. on its release day, its publisher said Tuesday. [...]
Amazon’s Buy with Prime is a positive step, but the stock is still expensive
Amazon's (AMZN) soon-to-be widely available Buy with Prime service could be a profitable revenue channel for the e-commerce giant. [...]
Bed Bath & Beyond lays off more employees as it fights to survive
Bed Bath & Beyond is cutting jobs and is at risk of bankruptcy. [...]