A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart appears to be venturing into the metaverse w...
Tag: Nike Inc
Retailers see staffing challenges as omicron rages, sales taking a hit
A “now hiring” sign is posted on an Urban Outfitters store in San Francisco. David Paul Morris | Bloomberg | Getty Images Retail executives presenting at the virtual ICR Conference this we...
Lululemon says sees fourth-quarter earnings, sales hurt due to omicron
Pedestrians wearing protective masks walk past a Lululemon store in San Francisco, California, on Monday, March 29, 2021. David Paul Morris | Bloomberg | Getty Images Lululemon shares fell in premarke...
Omicron compounds worker shortage, supply chain woes for retailers
Source: Lauren Thomas, CNBC Slashing store hours, temporarily shuttering locations and sending apology letters to customers for long lines and delayed appointments. These are the some of the unusual s...
Lululemon taps former Amazon exec as new CEO of its at-home gym Mirror
Michael Aragon previously served the role of chief content officer of Twitch, Amazon’s livestreaming business. Source: Lululemon Lululemon said Thursday it has named former Amazon exec Michael A...
Nike sues Lululemon for patent infringement over at-home Mirror gym and fitness apps
Nike on Wednesday filed a lawsuit accusing Lululemon of patent infringement over the apparel maker’s at-home Mirror fitness device and related mobile applications. Nike claims that in 1983, it i...
Omicron variant likely to fuel inflation, as Americans keep shopping, economist says
damircudic | E+ | Getty Images The spread of the highly infectious omicron variant is likely to fuel more inflation, as Americans keep shopping instead of spending more outside of the home, according ...
Macy’s cuts store hours at all of its stores as Covid cases spike
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s is shortening store hours for the rest of the month as coronavirus cases spike in the United Sta...