Category: Retail News
Walmart sells plus-size clothing brand Eloquii, offloading its third digital brand this year
The sales mark a reversal of a 2017-18 strategy led by Marc Lore, Walmart's former head of e-commerce. [...]
Procter & Gamble beats earnings estimates, raises revenue forecast
Procter & Gamble beat earnings expectations as higher prices helped offset lower demand for its products. [...]
Bed Bath & Beyond’s potential bankruptcy would create long-term growth for off-price retailer and Club holding TJX
Existential troubles facing Bed Bath & Beyond (BBBY) are creating an opportunity for Club holding TJX Companies (TJX) to take market share. [...]
MyPillow CEO Mike Lindell ordered to pay $5 million to 2020 election fraud data debunker
MyPillow CEO Mike Lindell claims that ex-President Donald Trump was defrauded out of reelection in 2020 by voting maching manipulation. [...]
Ikea to invest over $2.2 billion in new U.S. store models, pickup locations in next three years
Ikea is investing billions in its omnichannel growth strategy in the U.S., marking its biggest investment push since it opened in the U.S. nearly 40 y [...]
Apple bets big on India, but will still rely on China for ‘years’ to come
For years, Tim Cook has been bullish on India. Now, he is betting on the Asian giant as it diversifies from China as Apple expands its India footprint [...]
Lululemon has approached Hydrow about a possible sale of Mirror
Lululemon acquired at-home fitness company Mirror for $500 million in 2020 but is now looking to sell the business. [...]
China’s economy is on the rebound — and that’s good news for 3 of the Club’s consumer stocks
Robust consumer spending helped China's economy grow by the fastest rate in a year last quarter — a development we've long been preparing for. [...]
WWE taps Fanatics to sell merchandise at live events like WrestleMania, SummerSlam
Fanatics will operate the WWE's live event merchandise sales, the latest deal for the growing sports business company. [...]