Category: Retail News
Tiger Woods and Rory McIlroy’s TGL golf league partners with Fanatics on team merchandise
Tiger Woods and Rory McIlroy's indoor golf league, TGL, has signed a multiyear partnership with e-commerce giant Fanatics. [...]
Las Vegas Sands’ Asia business is booming as casino Covid recovery accelerates
With Singapore exceeding pre-pandemic levels and Macao recovering, Las Vegas Sands announced $2 billion in buybacks and a plan to put its pile of cash [...]
Marlboro maker Philip Morris reports revenue miss, but strong sales of cigarette alternatives
Philip Morris beat quarterly earnings estimates and missed revenue expectations, but sales of heated tobacco and oral nicotine products were strong. [...]
What the return of China’s high rollers to Macao means for Wynn Resorts
The Investing Club holds its Morning Meeting every weekday at 10:20 a.m. ET. [...]
Kohl’s holiday look previews the retailer’s plans to snap out of sales slump
The holiday season is the first overseen by Kohl's new CEO, Tom Kingsbury, and chief merchant Nick Jones. [...]
Shein opens up about forced labor, data privacy as it looks to clear key hurdles before possible U.S. IPO
Shein, the Chinese-founded fashion giant that has taken the retail industry by storm, will have to clear a slew of hurdles if it wants to go public in [...]
Costco CEO Craig Jelinek to step down Jan. 1; COO Ron Vachris will take over
The warehouse club has benefited from sales growth, fueled by pandemic pantry loading, inflation and millennials moving to the suburbs. [...]
Rite Aid lost more than $1 billion in months before bankruptcy filing
Rite Aid warned investors it may not be able to keep its business running. [...]
As Rite Aid’s bankruptcy shutters drugstores, these retailers will benefit
Drugstore closures could be a growth opportunity for several traditional retailers looking to gain market share in the health-care sector, according t [...]
Walmart beefs up its third-party marketplace as it challenges bigger online rival Amazon
Long known for low prices, Walmart is bulking up its online offerings and focusing more on convenience heading into the holiday shopping season. [...]