Category: Retail News
Etsy warns sellers of delay in processing payments due to Silicon Valley Bank collapse
One affected Etsy seller told NBC News the deposits delay would have a “catastrophic” effect on his business. [...]
Consumer spending in China isn’t surging back yet, companies say
China has yet to see a strong rebound in consumer spending, according to major companies. [...]
Gap announces big loss, declining sales and executive shakeup
Gap reported fiscal fourth-quarter earnings after the bell. [...]
Allbirds admits missteps, unveils new strategy after brutal holiday quarter
Footwear retailer Allbirds had a disappointing holiday quarter and failed to post year-over-year sales growth for the first time in its history. [...]
Ulta posts strong holiday quarter as shoppers squeeze makeup into their budgets
Ulta sales have benefited from the overall resilience of the beauty category as shoppers budget for affordable luxuries like makeup and wellness produ [...]
There’s a big Girl Scouts cookie shortage, and the group is frustrated with its main baker
Girl Scout cookies are in short supply for the third year in a row due to production delays at Little Brownie Bakers. [...]
Roku will sell its first company-made smart TVs exclusively at Best Buy
Roku said it will sell its first company-made smart TVs exclusively at Best Buy and its website. [...]
Jefferies double downgrades Etsy, sees stock tumbling 25% as consumer spending slows
Etsy is having to spend more on marketing as the buyer churn rate goes up, the Wall Street firm said. [...]
Oklahoma Republican tells Teamsters president ‘shut your mouth’ in terse exchange at Senate hearing
The tense back-and-forth between O'Brien and Sen. Markwayne Mullin, R-Okla., escalated into a screaming match. [...]
Jim Cramer’s Investing Club meeting Wednesday: Stick with stocks, Costco, P&G
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]