From wool sneakers to GPUs: Allbirds’ desperate AI pivot and 600% stock surge, explained
Many companies, from Walmart to United Airlines, have been heavily touting their use of artificial intelligence to get some more ...
Tag: Retail
American companies are so cash-starved they are using tariff refund claims as collateral for loans
When the Supreme Court struck down President Donald Trump’s tariffs two months ago, many companies rejoiced at the prospect of returning ...
Bed Bath & Beyond’s Container Store acquisition echoes past retail mergers that failed to deliver
When Bed Bath & Beyond announced last week it was buying the Container Store for a pittance, CEO Marcus Lemonis ...
Nordstrom’s $6.25 billion deal to go private is paying off—and don’t expect an IPO anytime soon
When Nordstrom went private last year, the move was seen by industry analysts as a way to let the founding ...
Macy’s just launched an AI-powered shopping assistant. Customers who use it spend nearly 400% more
If you’ve ever stood in front of the mirror and wondered what your outfit’s missing, Macy’s may have the answer. ...
The Lululemon founder who invented athleisure is now the company’s harshest gadfly
Lululemon Athletica founder Dennis “Chip” Wilson left the company’s board in 2015, but he has been a thorn in the ...
Amazon puts humans back in the loop as its retail website crashes from ‘inaccurate advice’ that an AI agent took from an old wiki
Amazon repurposed its regular weekly retail technology meeting Tuesday to figure out why its retail website keeps breaking. The answer, ...
Target is over being ‘an everything store,’ CEO says
The big-box retailer that sells you milk and underwear is in search of a bullseye. Target plans to refocus on ...
Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents
Generation Z has unexpectedly become the primary driver behind the rapidly growing analog music and print book economies in the ...
Victoria’s Secret CEO says Gen Z didn’t grow up with 2000s body image baggage
Victoria’s Secret is betting that the generation raised on body positivity—not “heroin chic”—is ready to reclaim its famously glittering runway. ...
Can Kroger’s new CEO, former Walmart U.S. chief Greg Foran, fix the troubled supermarket chain?
The supermarket conglomerate said on Monday that it has hired former Walmart U.S. and Air New Zealand CEO Greg Foran ...
Walmart hits trillion dollar market cap for the first time | Retail News
Walmart has reached a $1 trillion market valuation, a first for the big-box retailer.The company’s shares hit a high on ...
Walmart’s new CEO John Furner was once an hourly worker, now he’s CEO of the top Fortune 500 company
Incoming Walmart chief executive John Furner started at the mega retailer as an hourly employee stocking shelves. Now, the largest ...
The British retailer riding the wave of America’s always-booming sneaker market
The U.S. sneaker market continues to boom and one British retailer wants a much bigger piece of that pie. JD ...
Unionised Starbucks workers begin ‘open-ended’ US strike | Labour Rights News
More than a thousand unionised Starbucks baristas have walked off the job in more than 40 cities across the United ...
Is artificial intelligence to blame for Amazon job cuts? | Business and Economy News
Multinational technology company Amazon is laying off about 14,000 employees, the company has confirmed. A message sent out to staff ...
Mexico’s footwear industry could benefit from US tariffs. But it’s not | Trade War
Monterrey, Mexico – Juan Alvarado has owned a small shoe manufacturing business in Leon, Guanajuato, Mexico’s shoe manufacturing capital, for more ...
Starbucks to close underperforming stores in restructuring efforts | Business and Economy News
Starbucks says it will close underperforming stores across North America as CEO Brian Niccol pushes ahead on a company restructuring ...
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