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...
Tag: Retail industry
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...
Coca-Cola and Constellation Brands team up to create alcoholic Fresca cocktails
Bottles of Coca-Cola Co. Fresca brand soda move along a conveyor belt at the Swire Coca-Cola bottling plant in West Valley City, Utah, U.S., on Friday, April 19, 2019. George Frey | Bloomberg | Getty ...
A map of where the stores are
Macy’s has released a list of the handful of department stores that it plans to close this year. It includes six full-line department stores, a Bloomingdale’s outlet store, and a Macy̵...
Taco Bell launches taco-a-day subscription program nationwide to drive visits
A Taco Bell restaurant stands along a Queens street on July 21, 2021 in New York City. Spencer Platt | Getty Images Taco Bell is launching a taco-a-day subscription program nationwide Thursday to driv...
Bed Bath & Beyond (BBBY) reports Q3 2021 earnings miss
A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond shares tumbled nearly 10% in pr...
Walgreens Boots Alliance (WBA) Q1 2022 earnings
A person enters a Walgreens store in San Francisco, California, U.S., on Tuesday, April 13, 2021. David Paul Morris | Bloomberg | Getty Images Walgreens Boots Alliance on Thursday exceeded analysts...
Peloton earnings could disappoint investors, analysts say
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton’...
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...
Walmart cuts paid leave in half, as CDC guidance changes
An employee scans grocery items for pickup order at a Walmart Inc. store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Walmart is cutting pandem...
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 ...
Drugstores struggle to keep Covid at-home tests in stock as omicron rages across U.S.
Health workers distribute free rapid at-home Covid-19 test kits at a vaccine clinic in Philadelphia, Pennsylvania, U.S, on Monday, Dec. 20, 2021. Hannah Beier | Bloomberg | Getty Images George Panagio...
KFC to launch plant-based fried chicken made with Beyond Meat nationwide
KFC’s new Beyond Fried Chicken KFC KFC restaurants nationwide will add Beyond Meat’s plant-based chicken to its menus, starting Monday for a limited time. The national launch comes after y...
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...
Sweetgreen rolls out Sweetpass subscription program, eyeing New Year’s
Sweetgreen is rolling out a subscription service pilot in January. Courtesy: Sweetgreen Sweetgreen is piloting a subscription service this month as New Year’s resolutions get into full swing. Cu...
Bed Bath & Beyond’s wedding registry business is slipping, survey finds
Vstock LLC | VStock | Getty Images More engaged couples are skipping Bed Bath & Beyond and signing up for wedding registries at Amazon and Target instead, according to a recent survey by Baird. Be...
Planet Fitness gym visits holding up against Covid omicron variant
Planet Fitness is seeing gym visits and membership growth hold up against the Covid omicron variant, according to the chain’s chief executive officer, Chris Rondeau. “Before there was a va...
10 things that will be more expensive in 2022
One thing is for sure: 2022 is going to cost you. Between inflation and ongoing supply chain issues, prices are rising on consumer goods nearly across the board. “I really don’t think ther...