Lululemon to shutter Washington warehouse, lay off 128 employees

Lululemon is planning to shut down its Washington distribution center and lay off 128 employees after opening a massive new warehouse outside of Los Angeles, the company confirmed Friday. The athletic apparel retailer filed a WARN notice with the state’s Employment Security Department on Thursday, notifying it of its plans to close its distribution center … Read more

Autonomous drone startup Zipline hits 1 million deliveries

A drone operator loads a Walmart package into Zipline’s P1 fixed-wing drone for delivery to a customer home in Pea Ridge, Arkansas, on March 30, 2023. Bunee Tomlinson Autonomous delivery drone startup Zipline said Friday that it hit its 1 millionth delivery to customers and that it’s eyeing restaurant partnerships in its next phase of … Read more

Procter & Gamble (PG) Q3 2024 earnings

In this photo illustration, Pantene and Head & Shoulders hair products are displayed on July 28, 2023 in San Anselmo, California.  Justin Sullivan | Getty Images Procter & Gamble on Friday reported mixed quarterly results but raised its full-year earnings outlook. Shares of the company were roughly flat in premarket trading. Here’s what P&G reported compared … Read more

Nordstrom family tries again to take department store private

A sign marks the location of a Nordstrom store in a shopping mall on March 20, 2024 in Chicago, Illinois.  Scott Olson | Getty Images The Nordstrom family is once again considering taking the department store private and has formed a special committee to evaluate bids, it announced on Thursday.  CEO Erik Nordstrom and president … Read more

Adidas shares rise after first-quarter profit hike, improved outlook

Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California.  Justin Sullivan | Getty Images Shares of Adidas jumped 6.3% on Wednesday after the company unexpectedly raised its full-year guidance and reported a year-on-year profit increase in the first quarter. The German sportswear company said that it now expects currency-neutral … Read more

Planet Fitness names new CEO, shares fall

A portrait of Colleen Keating. Courtesy of Planet Fitness Planet Fitness announced Tuesday that Colleen Keating will take over as the fitness club’s new CEO, effective June 10. Craig Benson, who has been serving as interim CEO since the departure of Chris Rondeau in September, will remain on the board of directors. The announcement comes … Read more

South Carolina coach Dawn Staley calls for women’s sports investment

Dawn Staley just finished leading South Carolina’s undefeated season and witnessing the end of Caitlin Clark’s record-breaking college career — and she thinks women’s basketball is only getting started. “I think we are in a moment … from a place where our game has been held back to now it’s at a place where it’s … Read more

TGI Fridays to go public through merger with its U.K. franchisee

TGI Fridays logo is seen on one of their branches.  John Lamparski | Lightrocket | Getty Images TGI Fridays and Hostmore, the chain’s U.K. franchisee, announced plans to merge on Tuesday. The all-share deal is valued at 177 million pounds ($220 million). If it closes, TGI Fridays, best known for its potato skins, chicken wings … Read more

Dr. Martens shares plunge to record low, trading halted on weak outlook

Dr. Martens is a brand of footwear known for its yellow stitching and patented air-cushioned soles. The brand was adopted by British punk rockers in the 1970s, but went mainstream during the grunge movement of the 1990s. Shares of Dr. Martens plunged 30% on Tuesday to hit a record low in early deals, after … Read more

Peloton removes free app membership

A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022.  Carlo Allegri | Reuters Peloton has quietly removed its unlimited free membership tier on its fitness app less than a year after it debuted because the initiative was failing to convert users into … Read more