Nike reported revenue Thursday that fell short of Wall Street's sales expectations for the first time in two years, but it beat on earnings and gross margin estimates.Here's how the sneaker giant performed during its fiscal first quarter compared with what Wall Street was anticipating, based on a survey...
People walk past a Peloton store in Coral Gables, Florida, on Jan. 20, 2022.Joe Raedle | Getty ImagesPeloton co-founder and Chief Product Officer Tom Cortese is leaving the company and will be replaced by longtime Silicon Valley veteran Nick Caldwell, the company announced Tuesday. Cortese, who helped found the connected...
A worker makes clothes at a garment factory that supplies Shein, in Guangzhou, China. Shein is set to produce goods in Brazil for the Latin American market, instead of shipping them from China.Jade Gao | AFP | Getty ImagesFast-fashion retailers like Zara, Shein and H&M are using resale platforms...
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesIn a conversation on philanthropist Nicolai Tangen's podcast "In Good Company," Gulden was asked about the retailer's partnership with Ye and how its Yeezy collaboration fell apart. "He did some statements, which wasn't...
Oscar Wong | Getty ImagesFor the last three years, Robert has used a different email address to take advantage of a Black Friday Hulu promotion that most recently offered new customers a yearlong subscription for just $1.99 a month instead of the usual $7.99 monthly cost.The social media manager...
Anti-theft locked beauty products with customer service button at Walgreens pharmacy, Queens, New York.Lindsey Nicholson | Universal Images Group | Getty ImagesA range of retailers are again blaming shrink as one of the reasons they saw another quarter of lackluster profits.But some of those companies have started to offer...
Cari Gundee rides her Peloton exercise bike at her home in San Anselmo, California, April 6, 2020.Ezra Shaw | Getty ImagesThe family of a New York man claims he was killed by his Peloton bike just six months after buying it, but the company insists that his own negligence...
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California.Justin Sullivan | Getty ImagesLululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, boosted by a 61% revenue spike in China.The athletic apparel retailer...
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...