Signage outside a Nordstrom Rack retail store in New York on Aug. 25, 2022.Gabby Jones | Bloomberg | Getty ImagesNordstrom on Tuesday posted earnings that blew past Wall Street's expectations, indicating the department store is making strides in its efforts to cut costs and boost efficiencies. Though the Seattle-based retailer...
Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price.The used equipment activation fee for subscribers in the U.S. and...
Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The beleaguered connected fitness company, which is currently being run by two board members after former CEO Barry McCarthy...
A Marshalls and HomeGoods store entrance in Miami, Florida. Jeff Greenberg | Universal Images Group | Getty ImagesTJX Companies raised its full-year guidance on Wednesday after posting another quarter of strong sales, but its outlook still fell just short of Wall Street's expectations.The discounter behind Marshalls, HomeGoods and TJ Maxx...
Shein and Temu.Yuki Iwamura | Bloomberg | Stefani Reynolds | AFP | Getty ImagesChinese-linked fast fashion giant Shein is suing rival Temu, alleging the retailer stole its designs and built an empire using counterfeiting, intellectual property infringement and fraud. The suit, filed Monday in Washington D.C. federal court, comes as...
E.l.f. Beauty's growth story is still going.The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales. The eyes, lip, face beauty giant's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full year guidance. That increase follows a staggering...
Under Armour on Thursday said quarterly sales fell 14% in North America, and adjusted its full-year profit guidance after settling a years-old securities lawsuit for $434 million.Still, the company beat Wall Street's expectations on the top and bottom lines.Here's how the athletic apparel company did in its first fiscal...
Kudos diapers founder Amrita Saigal with her daughterCourtesy: KudosThroughout modern history, parents have only had one real option when it comes to disposable diapers: plastic.The single-use products are typically made with fossil fuels like petroleum and can take hundreds of years to break down, making them the third-largest consumer...
The first Wayfair brick-and-mortar store prepares to open on May 02, 2024 in Wilmette, Illinois. Scott Olson | Getty ImagesOnline home goods company Wayfair saw sales decline in its fiscal second quarter as its CEO likened the current slowdown in the home goods category to the 2008 financial crisis."Our credit...
Juyochi | Istock | Getty ImagesWireless providers including T-Mobile, AT&T and Verizon have faced a string of lawsuits in recent years from women who allege retail employees stole intimate images or videos from their phones while helping them with in-store data transfers.The cases are routinely dismissed when the companies...