Category: Retail News
Judge pauses SEC case in alleged NJ deli stock fraud in favor of criminal probe
A federal judge ruled that the SEC will pause its fraud case involving a New Jersey deli to avoid overlap with the DOJ's ongoing litigation. [...]
Survey shows a Costco membership fee hike would face little resistance — we think so, too
Most American shoppers say they are willing to pay more for their retail club memberships — a sentiment that bodes well for Costco (COST). [...]
Under Armour picks Marriott exec Stephanie Linnartz to be new CEO after seven-month search
Under Armour ended its seven-month search for a new CEO by announcing that it had hired Marriott executive Stephanie Linnartz to take the job. [...]
H&M removes Justin Bieber merchandise following criticism from pop star
H&M will no longer sell a line of Justin Bieber merchandise after the musician told fans he didn't "approve" of the clothing bearing his name and [...]
Wall Street analysts are more confident in Nike’s outlook after strong earnings, improving inventory
Nike reported a surprise beat, and has made progress on clearing its inventory backlog. [...]
Nike stock surges after earnings and revenue top expectations
Nike reported fiscal second-quarter earnings after the bell Tuesday. [...]
FedEx earnings sink as soft demand persists
FedEx said it will be able to cut another $1 billion in costs beyond what it previously forecast. [...]
Walgreens, CVS limit sales of children’s medications amid ‘tripledemic’
Walgreens attributed the cap to demand and supplier challenges. [...]
Amazon avoids multibillion-dollar fine as it reaches EU antitrust settlement
Amazon made a series of commitments to address allegations from the European Union that the company was using independent sellers' data to its advanta [...]
Target hopes value-hungry shoppers will come to the rescue this holiday season
Target has put up three quarters of disappointing earnings results while trying to clear through excess inventory and woo price-sensitive shoppers. [...]