Peloton has launched a partnership with TikTok.Courtesy of: PelotonPeloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on the social media...
A customer enters a Nike store along the Magnificent Mile shopping district on December 21, 2022 in Chicago, Illinois. Scott Olson | Getty ImagesNike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a "softer" revenue outlook for the...
A sign hangs outside the Shein warehouse in Whitestown, Indiana, on Nov. 29, 2023.Scott Olson | Getty ImagesThe chair of a powerful House committee is drilling down on Shein's data privacy practices and its relationship with the Chinese Communist Party as the fast-fashion giant moves closer to a U.S....
Target's shuttered small-format store on Folsom Street in San Francisco's SoMa neighborhood, November 2023.Gabrielle FonrougeOn Sept. 26, Target set off a national firestorm when it said it would close nine stores in four states because theft and organized retail crime had made them too dangerous to run.On its face,...
Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey.Mike Calia | CNBCLululemon on Thursday said it saw strong third-quarter demand, but the retailer's shares fell as it gave a tepid holiday outlook.Despite a 12% jump in sales in North America and a 49%...
Visitors enter the venue at The NRF 2020 Vision: Retail's Big Show, held in New York, the United States, Jan. 12, 2020.Wang Ying | Xinhua News Agency | Getty ImagesThe leading retail lobbying group has walked back a key claim about shrink, or inventory losses from various sources, after...
Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week.One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission doesn't reject its application.Rep. Blaine Luetkemeyer,...
A Shein Group Ltd. pop-up store inside a Forever-21 store in the Times Square neighborhood of New York, US, on Friday, Nov. 10, 2023. Yuki Iwamura | Bloomberg | Getty ImagesShein has confidentially filed to go public in the U.S. as the Chinese-founded fast fashion juggernaut looks to expand its...
American Dream megamall and entertainment complex in East Rutherford, N.J. After more than 17 years in the making, it finally opened October 25, 2019. Then came the coronoavirus pandemic.Timothy A. Clary | AFP | Getty ImagesNew Jersey's American Dream mall – the second largest mall in the country –...
A person walks past a sales advertisement at Saks Off 5th department store ahead of the Thanksgiving holiday sales in Washington, D.C., on Nov. 21, 2023.Saul Loeb | AFP | Getty ImagesThere's a dark cloud hanging over Black Friday.A slew of retailers have issued tepid, cautious or downright disappointing...