Category: Retail News
Target pulls some Pride collection items after threats to employees
Target said it was "removing items that have been at the center of the most significant confrontational behavior." [...]
Shares of Urban Outfitters spike after fiscal first-quarter earnings beat
Shares of Urban Outfitters spiked about 8% after the company reported fiscal first-quarter earnings that beat on the top and bottom lines. [...]
Consumer spending is slowing, but these two Club retailers are well-positioned to ride out the storm
American consumers are continuing to rein in spending amid growing concerns over the health of the U.S. economy, putting further pressure on the retai [...]
Nike CEO John Donahoe says disengaging from China would be ‘disastrous’ amid rising geopolitical tensions
As China steps up aggression against Taiwan, Nike CEO John Donahoe said risk is everywhere but decoupling from the region would be 'disastrous.' [...]
Panera Bread parent announces CEO transition as it prepares for ‘eventual IPO’
Panera Brands CEO Niren Chaudhary will be succeeded by Einstein Bros. Bagels CEO Jose Duenas, effective July 1. [...]
Peloton aims to rebrand as a fitness company for all with focus on app, tiered subscription pricing
Peloton has long been considered an in-home bike company for fitness junkies, but the company is working to change that by making its app accessible t [...]
Lowe’s cuts full-year sales forecast, as spending on do-it-yourself projects weakens
Lowe's beat first-quarter expectations but lowered its full-year sales outlook. [...]
Walmart will offer pet telehealth in latest bid to compete with Amazon
Walmart has partnered with pet telehealth provider Pawp to offer the service free to its Walmart+ members for a year to make the membership more valua [...]
Kurt Cobain’s smashed Fender guitar sells for almost $600,000
Kurt Cobain's smashed Fender Stratocaster guitar sold at auction for $595,900 on Saturday, more than 10 times its original estimate. [...]
Adidas will sell existing Yeezy items, donate some revenues
Adidas ended its partnership with Ye, formerly known as Kanye West, after he made a string of hateful and antisemitic remarks. [...]