A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty Images Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. The stock was … Read more
A Vans store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp. tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” systems and made … Read more
Global online shopping platform Temu is already climbing the ranks in the U.S. Apple Store. Bloomberg | Bloomberg | Getty Images Chinese low-cost online retailer Temu has launched a new lawsuit against its rival Shein over copyright concerns and “mafia-style intimidation of suppliers,” a filing on Wednesday showed. In the filing, Boston-headquartered firm WhaleCo, which … Read more
