A woman with a Shein bag after entering SHEIN's first physical store in Madrid, June 2, 2022, in Madrid, Spain.Europa Press News / ContributorFast fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S., who want the company to prove that it doesn't use forced labor...
Roberto Machado Noa | LightRocket | Getty ImagesBrazilian beauty conglomerate Natura & Co is considering a sale of The Body Shop after the skincare and cosmetics line saw another quarter of declining sales, according to a Monday securities filing.Natura & Co, which owns the Avon and Natura brands and...
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty ImagesPeloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about...
Pedestrians walk past Old Navy and GAP stores in Times Square, New York City.Drew Angerer | Getty ImagesGap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer warned of an "uncertain consumer" and posted another quarter of declining sales across all four of its...
People walk past a Nike sporting goods store at a shopping complex in Beijing, China, March 25, 2021.Florence Lo | ReutersNike's stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector. The sneaker...
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesFoot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling...
Dick's Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and implemented aggressive markdowns to clear out excess inventory in its outdoor category, the company announced Tuesday. For the first time in three years, Dick's...
Shoppers at a TJ Maxx store in New York.Scott Mlyn | CNBCCash-strapped consumers may be pulling back on discretionary purchases at Target, but they're spending big on name brands and home goods at off-price TJX Cos. The discounter raised its full-year outlook on Wednesday after posting a 7.7% year-over-year sales...