Oddity Il Makiage Coutesy: Oddity A short seller on Tuesday alleged that beauty and wellness company Oddity Tech has been misleading investors and isn’t the online-only retailer it’s claimed to be. The firm, Ningi Research, published a 50-page report that details a slew of allegations against the newly public retailer, including that it runs a … Read more
The Macy’s flagship store in the Herald Square neighborhood of New York, US, on Saturday, Feb. 24, 2024. Yuki Iwamura | Bloomberg | Getty Images Macy’s fiscal first-quarter earnings topped Wall Street’s expectations on Tuesday, as the retailer said it saw early signs of momentum in its turnaround strategy. Even so, the department store operator’s … Read more
A shopping cart sits in front of a Lowe’s store in Pacoima, California, November 21, 2023. Justin Sullivan | Getty Images Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-youself customers bought fewer pricey items. The home improvement retailer’s results echoed those of Home Depot last week. Home Depot missed … Read more
A pedestrian walks by a Peloton store on May 08, 2024 in Palo Alto, California. Justin Sullivan | Getty Images Peloton shares plunged on Monday after the connected fitness company said it’s launching a “global refinancing,” as it looks to stave off a cash crunch amid falling sales. The company is offering $275 million in … Read more
An exterior view of a Wendy’s fast-food restaurant in Bloomsburg, Pennsylvania, on May 19, 2024. Paul Weaver | SOPA Images | Getty Images Wendy’s will offer a $3 breakfast combination meal starting Monday, as restaurant chains look for new ways to drive sales while consumers pull back on dining out. The deal will include a … Read more
Signage of Macy’s, Kohl’s and Nordstrom retail stores. Getty Images Department stores are aging — and so are their customers. For over a century, the stores won over multiple generations with a promise to sell shoppers a wide variety of everything. For many Millennial and Gen Z consumers, that hasn’t been enough — especially as … Read more
People walk past a Sweetgreen restaurant in Manhattan on September 14, 2023. Jeenah Moon | The Washington Post | Getty Images With higher prices and elevated interest rates stubbornly sticking around, Chipotle burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels aren’t. The most recent … Read more
A sign is posted on the exterior of a Red Lobster restaurant on April 17, 2024 in Rohnert Park, California. Justin Sullivan | Getty Images Red Lobster has filed for bankruptcy, continuing the process to shrink its footprint and find a buyer, the company said in a statement. CNBC reported last month the seafood chain … Read more
E-commerce artisan marketplace Etsy is at a crossroads as it tries to balance declining gross merchandise sales, a tumbling stock price and high inflation with the needs of its 7 million sellers. “After the big increase in both buyers and spending per buyer during Covid, it looks like they’ve hit a wall,” said Jason Helfstein, … Read more
Ordini’s Best Fiberglass Pools contractors work to install a pool, which the company says have dramatically increased in sales due to COVID-19 fears, in Gilbertsville, Pennsylvania, April 26, 2021. Rachel Wisniewski | Reuters Americans are kicking the can down the road on some more-costly, traditionally financed purchases as elevated inflation and interest rates bite. Corporate … Read more
