Category: Retail News

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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 [...]

Procter & Gamble revenue and profit fall as higher prices fail to offset declining sales

Procter & Gamble reported mixed quarterly results Thursday, matching Wall Streets expectations on earnings but slightly topping them on revenue. [...]

As consumer spending slows, Club holding TJX is the off-price retailer to own

Fresh economic data Wednesday showed U.S. consumer spending slowed last month as inflation, though easing, continued to squeeze shoppers. [...]
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