Category: Retail News
Marijuana industry sales slow down after pandemic surge
After years of rapid growth, the U.S. cannabis industry is showing signs of fatigue amid challenging economic conditions and growing pains. [...]
Costco reports mixed quarter, but we see positive catalysts on the horizon
Costco Wholesale (COST) reported mixed fiscal first-quarter results after the closing bell Thursday, amid weaker consumer demand. [...]
Lululemon shares fall after company offers weak fourth quarter guidance
Lululemon reported sales and profit that topped estimates, but the company offered softer guidance than expected for the fourth quarter. [...]
Jim Cramer’s Investing Club meeting Thursday: Buy Disney, Salesforce downgrade, Costco earnings
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET. [...]
GameStop reports decline in revenue and sharp decrease in cash
GameStop posted a decline in revenue, but its net loss narrowed from a year ago. [...]
Rent the Runway reports stronger quarterly sales as shoppers look to save money
The fashion rental company reported stronger revenue that beat expectations as customers opted to borrow designer clothes instead of buying them. [...]
Candy maker Ferrero to buy Halo Top owner, expanding North American business
Wells Enterprises was founded in 1913 and has grown to be the second-largest ice cream company in the U.S., trailing only Ben & Jerry's owner Unil [...]
As China eases Covid restrictions, Club stocks stand to gain
The Chinese government's move Wednesday to further roll back strict Covid-19 measures should boost the prospects for Club holdings with operations in [...]
Used vehicle demand and prices continue to decline from record highs
The Manheim Used Vehicle Value Index, which tracks prices of used vehicles sold at its U.S. wholesale auctions, has declined 16% from record levels in [...]
Cigarette companies ordered to display health warning signs at retailers
The Justice Department announced a court order requiring cigarette companies to post health warning signs at retailer locations. [...]