Category: Retail News
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. [...]
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
Adidas on Wednesday reported a substantial fourth-quarter loss and slashed its dividend, following the costly termination of its partnership with Kany [...]
Global brands look to boost media investment in women’s sports through a new partnership, The Women’s Sports Club
Global brands such as Nike, Coca-Cola and Delta are coming together to elevate investment in women's sports. [...]
WeightWatchers stock surges 70% after company agrees to buy obesity treatment platform
WeightWatchers has agreed to acquire telehealth obesity treatment company Sequence. [...]
Dick’s Sporting Goods smashes same-store sales expectations for holiday quarter
Dick's Sporting Goods same-store sales increased 5.3% in the fourth quarter, more than double analyst's estimates of 2.1%. [...]
Best Buy will set up in-home hospital care through a new deal with Atrium Health
The retailer is expanding its health-care business as sales of other consumer electronics slow. [...]
Lego sales leap 17% as fans buy bigger, more complicated sets
Lego sales rose as customers bought bigger, more complicated sets such as those from the Harry Potter and Star Wars lines. [...]
California governor says state won’t do business with Walgreens over position on abortion pill
Newsom's statement comes after Walgreens said it would not sell the abortion pill in 21 states due to legal restrictions. [...]