Category: Retail News
Even wealthy Americans are spending less. These stocks could benefit as shoppers stick to essentials
Bank of America's latest credit card data showed a decline in spending in April, with higher-income households leading the way. [...]
Bowlero, the public company that reimagined bowling, faces dozens of discrimination claims that the feds want to settle for $60 million
Bowlero grew rapidly and became a success story among SPAC stocks, but former employees allege discrimination during its rapid expansion. [...]
CEO of Chinese e-commerce giant JD.com steps down after just one year as company swings to profit
JD.com CEO Xu Lei will be replaced by Sandy Ran Xu, the current chief financial officer of the Chinese e-commerce giant. [...]
Best Buy doubles down on membership program as sales cool
The retailer wants to grow the subscription program, which has about 5.8 million members. [...]
Amazon ‘not concerned’ about wave of unionizing because of competitive pay, benefits, exec says
Amazon workers in warehouses in the U.S. and U.K. have pushed to form unions due to complaints over wage rises and working conditions. [...]
Under Armour sends potential warning sign about retailers’ profits
Under Armour coped with higher promotions in the quarter, which weighed on profit margins. [...]
We’re adding to this sneaker retailer on the dip, betting further on its turnaround strategy
Under Armour is not a great readthrough into what's happening at this athletic footwear chain, which has its own story to tell. [...]
ThredUp to list on alternative stock exchange: ‘We’re here to make a difference,’ CEO says
ThredUp is listing on the Long Term Stock Exchange, which is designed to promote sustainable principles and a long-term focus among investors and busi [...]
37. Evrnu
Evrnu's textile recycling transforms discarded clothes into new fiber, cutting into apparel's massive waste problem. Levi's, Zara and Adidas are on th [...]
25. Zipline
Zipline, which broke through in the drone market for critical medicines in remote places, has logged more autonomous flights than Alphabet and Amazon [...]