Barry McCarthy, chief financial officer at Spotify, attend annual Allen & Company Sun Valley Conference, July 11, 2018 in Sun Valley, Idaho. Drew Angerer | Getty Images When Barry McCarthy showed ...
Tag: Retail industry
How Nike, StockX and GOAT changed Foot Locker’s business
Foot Locker dominates the brick-and-mortar footwear category as the largest footwear retailer in the world. Its 2,900 stores worldwide span several brands, including Lady Foot Locker, Kids Foot Locker...
Peloton (PTON) fiscal Q3 2021 earnings
A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton on Tuesday reported a wi...
What Wall Street expects Tuesday
A woman walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | VIEW press | Corbis News | Getty Images Analysts and investors are eager to get to know Peloton Chief E...
Starbucks criticizes Biden’s visit with union leaders, requests White House meeting
US President Joe Biden delivers remarks on economic growth, jobs, and deficit reduction in the Roosevelt Room on Wednesday May 4, 2022. Demetrius Freeman | The Washington Post | Getty Images Starbucks...
Kentucky Derby owner Churchill Downs doubles down on horse race betting
Churchill Downs, which owns the Kentucky Derby, is changing its strategy when it comes to sports wagering. The company is doubling down on horse race betting and moving away from online sports betting...
Peloton shares hit all-time low as pressure mounts ahead of earnings
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton Interactive shares tumbled to an all-time low Friday...
Wedding costs surge as pent-up demand, inflation force couples to cut back
Nicole Brandfon and her fiance Adam Alonso are planning a wedding in Colombia, rather than Miami, because it was more affordable. Source: Nicole Brandfon Nicole Brandfon and her fiance, Adam Alonso, w...
DSW tests layout to spotlight brands like Adidas, Crocs, Birkenstock
DSW debuts a new smaller store. Source: DSW DSW is trying out a new store look and layout at a location opening this weekend in Houston, in an attempt to focus customers’ attention on key brands...
Best Buy adds beauty gadgets and outdoor furniture to product lineup
Electric bikes. Patio furniture. Beauty gadgets. Best Buy is adding merchandise that might surprise shoppers who typically think of its stores and website as a place to buy smartphones, laptops and TV...
Under Armour (UAA) reports sales below Wall Street estimates
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Under Armour sees a tough year ahead, roiled by global supply chain challenges and ano...
Sweetgreen (SG) Q1 2022 earnings
A Sweetgreen banner on the NYSE, November 18, 2021. Source: NYSE Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and re...
E-commerce stocks plummet as consumers pull back online spending
The Etsy website Gabby Jones | Bloomberg | Getty Images Shoppers are eager to head back to brick-and-mortar stores, while inflation is stoking fears that consumers are pulling back their spending on s...
Wayfair (W) reports Q1 2022 losses
Niraj Shah, CEO, Wayfair Ashlee Espinal | CNBC Wayfair shares tumbled more than 20% Thursday morning after the online furniture retailer reported larger-than-expected losses in the first quarter as sh...
Bath & Body Works CEO Andrew Meslow to step down due to health reasons
Pedestrians walk past a Bath & Body Works store. Craig Warga | Bloomberg | Getty Images Bath & Body Works Chief Executive Officer Andrew Meslow is resigning from his role due to health reasons...
Yum Brands (YUM) Q1 2022 earnings
Vehicles wait in line at the drive through lane of a Yum! Brands Inc. Kentucky Fried Chicken (KFC) and Taco Bell restaurant in Lockport, Illinois, U.S. Daniel Acker | Bloomberg | Getty Images Yum Bran...
CVS Health (CVS) Q1 2022 earnings
A CVS Pharmacy store is seen in the Manhattan borough of New York City, New York. Shannon Stapleton | Reuters CVS Health on Wednesday outpaced Wall Street’s expectations for first-quarter earnin...
Starbucks to hike wages, double training for workers amid union push
A Starbucks barista fulfills an order in a South Philadelphia store. Mark Makela | Reuters Starbucks said it will hike wages for tenured workers and double training for new employees as the company an...
Starbucks (SBUX) Q2 2022 earnings
A pedestrian carries a Starbucks branded cup in San Francisco, California, U.S., on Thursday, April 28, 2022. Starbucks Corp. David Paul Morris | Bloomberg | Getty Images Starbucks is expected to repo...
Tim Hortons forecasts another year of Canadian same-store sales growth
Restaurant Brand International restaurants’ Tim Hortons and Popeyes. Randy Risling | Toronto Star | Getty Images Tim Hortons is anticipating Canadian same-store sales growth in the mid-to-high s...
Restaurant Brands International (QSR) Q1 2022 earnings
In this photo illustration, a Burger King Whopper hamburger is displayed on April 05, 2022 in San Anselmo, California. A federal lawsuit has been filed and is seeking class-action status alleging that...
Can I live without it?
A pedestrian carries shopping bags in the Herald Square area of New York, U.S., on Wednesday, April 13, 2022. Calla Kessler | Bloomberg | Getty Images Sandy Magny plans to take her teenage daughter to...
‘Field of Dreams’ for kids of all abilities opens in New Jersey
A first of its kind inclusive complex, the RWJBarnabas Health Field of Dreams, will open Saturday in Toms River, New Jersey. The grand opening of the $3.6 million facility comes after nearly five year...
BJ’s Wholesale says judge should toss Walmart lawsuit over self-checkout app
Warehouse club BJ’s Wholesale is calling on a federal judge to toss a patent lawsuit filed by Walmart, saying the retail giant is trying to protect a self-checkout app that’s based on tech...
Victoria’s Secret takes beauty business to Amazon in wholesale test
Beginning Friday, shoppers will find an assortment of roughly 120 Victoria’s Secret beauty items, including lotions and fragrances, on Amazon. Source: Victoria’s Secret Victoria’s Se...
Walmart unveils activewear line with Michelle Smith, Stacey Griffith
Fashion designer Michelle Smith and SoulCycle instructor Stacey Griffith are debuting their activewear line, Love & Sports, at Walmart. The line is designed to be fashion-forward, with vibrant col...
McDonald’s (MCD) Q1 2022 earnings beat estimates
McDonald’s on Thursday reported better-than-expected earnings and revenue, fueled by price hikes in the U.S. and strong international sales growth. But the war in Ukraine and inflation in the fa...
1-800-Flowers (FLWS) reports fiscal Q3 2022 results
Chris McCann, CEO, 1-800-Flowers Scott Mlyn | CNBC Valentine’s Day wasn’t enough for 1-800-Flowers last quarter. Shares of the company, at one point halted for volatility, tumbled 17% Thur...
Walmart dangles deeper gas discounts to attract, retain subscribers
As prices climb at the grocery store and gas station, Walmart said Wednesday that it will offer deeper discounts on fuel to nudge more customers to join and renew Walmart+. Chris Cracchiolo, senior vi...
Retail and consumer IPOs, M&A activity slowing amid inflation: KPMG
People shop at a grocery store in Monterey Park, California, on April 12, 2022. Frederic J. Brown | AFP | Getty Images Supply chain headaches, surging interest rates and the war in Ukraine have combi...
Chipotle Mexican Grill (CMG) Q1 2022 earnings beat estimate
A customer sits outside of a Chipotle restaurant in Santa Clara, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Chipotle Mexican Grill‘s quarterly earn...