Category: Retail News
Jim Cramer’s Investing Club meeting Thursday: Meta, Eli Lilly, Estee Lauder
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
Sandwich chain Subway’s sales climb as turnaround takes hold ahead of potential sale
The privately owned sandwich chain has reportedly hired advisors to explore a potential sale and is revamping restaurants. [...]
Fanatics to start livestreamed shopping of trading cards, collectibles
The sports commerce giant's aim is to merge the world of hobbyists and collectors via curated and personality-driven content and entertainment. [...]
Why Amazon Marketplace didn’t survive in China
Amazon entered China in 2004 by acquiring Joyo.com. Complex regulatory approval and competition from Alibaba and JD.com impeded the company's expansio [...]
Venture capital for Black entrepreneurs plummeted 45% in 2022, data shows
Black entrepreneurs saw historic gains in securing VC funding after the George Floyd racial justice reckoning, but financing dropped 45% in 2022. [...]
Amazon could be sitting on another $3.5 billion business, Morgan Stanley says
Amazon’s Buy with Prime service could help rake in billions of dollars for the e-commerce giant. [...]
Peloton CEO doesn’t care that its equipment is losing money, sees path forward in the app
The pricey exercise machines posted a negative gross margin for the holiday quarter, but the fitness equipment maker's overall profit margin was posit [...]
Robots could surpass workers at Amazon by 2030, Cathie Wood says
The Ark Invest portfolio manager said on "Squawk Box" that Amazon's number of robot workers is set to grow dramatically this decade. [...]
Peloton losses narrow as subscription revenue again outpaces equipment sales
Peloton beat Wall Street's revenue expectations but saw a 52% drop in connected fitness sales during its holiday quarter. [...]
Luxury stocks rally from China reopening, but world’s largest luxury market may choose to shop ‘in-house’
Years of zero-Covid measures have taught Chinese consumers they can get their fix of opulence on their own shores — and experts say this habit is here [...]