Category: Retail News
These 7 Club holdings are using pricing power to boost profits this earnings season
When we're talking about "pricing power," it's the ability of companies with strong brands to raise prices without seeing too much impact on demand. [...]
Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers
Bed Bath & Beyond, which filed for bankruptcy, is expected to soon close hundreds of store locations. [...]
Despite a solid first quarter, Amazon must do more to rein in costs to grow in 2023
Amazon (AMZN) on Thursday delivered a first-quarter earnings beat, even as caution around its cloud operations weighed on shares in late trading. [...]
Hasbro, Mattel shares rise as toymakers announce multi-year licensing agreement, increased IP focus
Hasbro, Mattel and other toy stocks rallied on Thursday after mixed earnings reports from the two rival toymakers. [...]
Il Makiage parent Oddity buys biotech startup Revela to design new molecules for beauty products
The company will use AI-based molecule discovery, a common tool in pharmaceutical drug development, to target cosmetics pain points like hair loss and [...]
Gap to lay off 1,800 workers as part of broad push to cut costs
Gap will lay off 1,800 employees in headquarter roles and leadership positions in a cost-cutting initiative that will save the retailer $300 million. [...]
Fanatics moves one step closer to IPO, hiring Meta’s head of investor relations
Fanatics hires Meta IR head Deborah Crawford, who had also run investor relations at Netflix, as the sports platform company takes another step closer [...]
Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals
Executives at two of the world's biggest buy now, pay later firms say that the U.K. regulation plans will result in disproportionate friction for cons [...]
A stock we really believe in makes a 52-week high. So we’re taking profits and padding our cash
Even with all this positive news considered, any investor would understand the prudence of taking some chips off the table on this kind of run. [...]
One online retailer will get a sizable sales boost from Bed Bath & Beyond’s demise, Telsey Group estimates
The shuttering of Bed Bath & Beyond stores would leave about $4.3 billion in sales up for grabs, according to Telsey Group. [...]