John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
Tag: Retail industry
Peloton’s market value drops by $2.5 billion as shares close below IPO price
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael N...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Walmart’s top U.S. e-commerce chief Casey Carl is leaving
Exterior view of a Walmart store on August 23, 2020 in North Bergen, New Jersey. Walmart saw its profits jump in latest quarter as e-commerce sales surged during the coronavirus pandemic. VIEW press |...
PepsiCo and Beyond Meat’s joint venture will reportedly launch a plant-based jerky
Beyond Meat “Beyond Burger” patties made from plant-based substitutes for meat products sit on a shelf for sale in New York City. Angela Weiss | AFP | Getty Images Beyond Meat and PepsiCo&...
Starbucks won’t require vaccination or weekly testing after court ruling
People wear protective face masks outside Starbucks in Union Square in New York. Noam Galai | Getty Images Starbucks has suspended its plan to require baristas to get vaccinated or receive weekly test...
Peloton insiders sold nearly $500 million in stock before its big drop
Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than ...
Procter & Gamble plans more price hikes for Tide and other products
Procter and Gamble Co. Pampers brand baby diapers are arranged for a photograph taken in Hastings on Hudson, New York, U.S., on Saturday, Oct. 17, 2020. Tiffany Hagler-Geard | Bloomberg | Getty Images...
Procter & Gamble (PG) Q2 2022 earnings
Tide, a laundry detergent owned by the Procter & Gamble company, is seen on a store shelf on October 20, 2020 in Miami, Florida. Joe Raedle | Getty Images Procter & Gamble on Wednesday reporte...
Peloton hires McKinsey to review cost structure as equipment sales slow
Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The possible job cuts were discussed in a rec...
Ford signs five-year payments deal with Stripe for e-commerce drive
A Ford F-150 pickup truck is offered for sale at a dealership on September 6, 2018 in Chicago, Illinois. Scott Olson | Getty Images Online payment processor Stripe has signed up Ford Motor Company as ...
Amazon halts plan to stop accepting Visa credit cards in the UK
An Amazon warehouse in Warrington, England. Nathan Stirk | Getty Images LONDON — Amazon has scrapped plans to stop accepting Visa credit cards in the U.K. The e-commerce giant was expected to prevent ...
Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Pel...
Thieves find new source for stolen goods: Delivery trucks and trains
Images from video show emptied boxes along rail tracks in Los Angeles after thieves broke into Union Pacific cargo trains. Source: NBC4 | Los Angeles Instead of shoplifting from stores, some thieves a...
Retail industry presses ahead with conference, tries to nudge normalcy
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 Images “The Big Show will go ...
Retail sales December 2021:
Retail sales fell much more than expected in December as surging prices took a big bite out of spending, the Commerce Department reported Friday. The advance monthly sales report to close out the year...
Mastercard CEO says spending trends look ‘relatively positive’ in 2022
Consumer spending trends look “relatively positive” so far this year, Mastercard CEO Michael Miebach told CNBC on Thursday, following strong holiday numbers. Miebach’s comments in an...
Rapidly rising food prices may give restaurants an edge—here’s why
Erick Williams, chef/owner of Virtue restaurant in Chicago’s Hyde Park, preps a beet salad on Feb. 4, 2021. Jose M. Osorio | Chicago Tribune | Tribune News Service | Getty Images Food prices are...
Inflation fuels holiday online sales to record $204 billion: Adobe
A worker moves boxes of goods to be scanned and sent to delivery trucks during operations on Cyber Monday at Amazon’s fulfillment center in Robbinsville, New Jersey, November 29, 2021. Mike Sega...
Domino’s Pizza sees soaring food costs in 2022, backs long-term outlook
An employee moves a pizza to an oven at a Domino’s Pizza Inc. restaurant in Chantilly, Virginia. Andrew Harrer | Bloomberg | Getty Images Domino’s Pizza said it expects higher food prices ...
Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness said Tuesday it p...
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...
Empty grocery shelves return as sick employees, supply chain delays collide
Bread aisle shelves at a Target are seen nearly empty as the U.S. continues to experience supply chain disruptions in Washington, U.S., January 9, 2022. Sarah Silbiger | Reuters Empty shelves have ret...
Russell Wilson, Ciara’s House of LR&C is opening its first pop-up store
A fashion start-up co-founded by singer and entertainer Ciara, NFL quarterback Russell Wilson and former Lululemon CEO Christine Day is preparing to open its first brick-and-mortar shop. The House of ...
CVS Health raises 2021 earnings outlook, backs 2022 forecast
A customer walks towards the entrance of a CVS Health Corp. store in downtown Los Angeles, California, U.S., on Friday, Oct. 27, 2017. Christopher Lee | Bloomberg | Getty Images CVS Health said Tuesda...
Abercrombie & Fitch trims holiday-quarter sales outlook
Customers exit an Abercrombie & Fitch store in San Francisco, California. David Paul Morris | Bloomberg | Getty Images Abercrombie & Fitch said Monday that it saw strong demand from consumers ...
Crocs sees fourth-quarter sales up 42%, capping an ‘exceptional year’
Footwear is offered for sale at a Crocs retail store on July 22, 2021 in Chicago, Illinois. Scott Olson | Getty Images Crocs said Monday it sees sales in 2021 climbing about 67% from 2020, more than i...