Category: Retail News
Here’s how we navigated three sessions of SVB-sparked chaos and Tuesday’s bounce
We sought to be discerning with our Club portfolio and, eventually, opportunistic in stocks that we felt unreasonably sank. [...]
Tyson Foods to lay off 1,700 workers, close two chicken plants
In its latest quarter, Tyson said its chicken business underperformed expectations. [...]
Michael Jordan’s ‘Last Dance’ sneakers are going up for auction
The Air Jordans are expected to be the most expensive pair of sneakers ever to appear at auction, estimated to sell for between $2 million and $4 mill [...]
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. [...]