A T.J. Maxx store in Pasadena, California.Mario Anzuoni | ReutersOff-price retailers like TJX Companies and Ross are still posting sales gains and taking market share from rivals, but it's not just because consumers are under pressure and hunting for value. Persistent inflation and rising prices for essentials like food and...
E.l.f Beauty products.Courtesy: e.l.f BeautyE.l.f. Beauty posted its first billion-dollar fiscal year on Wednesday as sales spiked 77%, but the retailer's shares fell as it said it expects its growth to slow.The eyes, lip, face company, known for its viral marketing and prowess in winning over younger consumers, issued...
Oddity Il MakiageCoutesy: OddityA short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn't the online-only retailer it's claimed to be. The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly public retailer, including that...
A pedestrian walks by a Peloton store on May 08, 2024 in Palo Alto, California. Justin Sullivan | Getty ImagesPeloton shares plunged on Monday after the connected fitness company said it's launching a "global refinancing," as it looks to stave off a cash crunch amid falling sales. The company is offering...
Under Armour clothing is seen for sale in a store in Manhattan, New York City, February 7, 2022.Andrew Kelly | ReutersUnder Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout...
Wayfair store in Wilmette, Illinois.Courtesy: WayfairWhat retail apocalypse?Online home goods retailer Wayfair is opening its first namesake store, near Chicago, following a string of other digitally native companies that have turned to brick-and-mortar for growth. In an ironic twist for a company that became a $12 billion powerhouse by persuading...
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023.Scott Olson | Getty ImagesChinese-founded fast fashion behemoth Shein isn't just working to win over lawmakers in Washington, D.C., as it gears up for a potential U.S. IPO, it's also trying to win over the broader...
As Ulta Beauty says it expects a slowdown in retail's most resilient category, an upstart says it's bucking the trend. Oddity Tech – the newly public Israeli cosmetics platform that uses AI to develop products — posted first quarter results that blew past expectations and raised its full-year guidance. Here's how...
Dozens of former employees who say they were fired from Bowlero based on their age or out of retaliation plan to sue the bowling chain after the U.S. Equal Employment Opportunity Commission closed its case against the company, the attorney representing the claimants said Monday.Bowlero, the world's largest owner...
Barry McCarthy, president and CEO of Peloton Interactive, walks to a morning session at the Allen & Company Sun Valley Conference on July 06, 2022 in Sun Valley, Idaho.Kevin Dietsch | Getty ImagesPeloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off...