Retail
EBay to lay off 9% of workforce in its second round of job cuts this year
EBay will lay off 9% of its workforce, or about 1,000 employees, as it works to focus on its “top strategic priorities.”
Best Buy launches new gaming hub ahead of ‘Zelda’ and ‘Grand Theft Auto VI’
Best Buy is launching a new gaming experience for customers as it leans into the business ahead of this fall’s big launches.
Walmart launches joint membership with Sam’s Club as it leans into delivery, gas discounts
Walmart is now offering a joint membership with Sam’s Club for $120 per year as the retailer further leans into convenience.
Nike’s India campus is a long-term growth bet amid turnaround
Nike announced earlier this month that it’s expanding into India. The retailer has been broadly struggling, especially in the China market.
From BJ’s to Lululemon, retailers are trimming assortments to boost business
Retail brands are shrinking assortments to get back to healthy growth, while box stores are culling products to better curate offerings and stabilize business.
Modelo owner Constellation is getting creative to bring back beer drinkers as overall demand weakens
Constellation Brands beat earnings and revenue expectations as beer brands gained share, while inventory rebuilding and consumer caution clouded demand.
Levi Strauss hikes profit guidance after tariff refunds, but its sales outlook is less optimistic
Levi Strauss on Wednesday posted earnings that beat expectations, though it saw benefits from tariff refunds.
Lululemon poaches Athleta CEO as new chief product officer
Lululemon announced Wednesday that Athleta CEO Maggie Gauger is joining the company as its chief product officer, a newly created role.
Why brands like E.l.f., Wendy’s and Gap are branching out into original music
E.l.f. Beauty released an album titled “Mirror Mix” as the brand plans to increase its marketing spend for the rest of the year.
Mattel shares rise after reports of takeover interest from Authentic Brands Group
Shares of toymaker Mattel rose Thursday after the Wall Street Journal reported that Authentic Brands Group had expressed interest in buying the toymaker.