Retail
Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.
Mattel names Roger Lynch as CEO, replacing Ynon Kreiz
Mattel announced on Wednesday that Roger Lynch would serve as CEO and Chairman, replacing Ynon Kreiz.
Coca-Cola hires Rob Gehring from Monster Energy to run its North American operations
Coca-Cola is trying to maintain growth as consumers face higher gas and grocery prices.
Cat owners are spending more and boosting pet retailers
Spending on cats remains strong despite softening dog sector and tightening consumer discretionary spending.
Lowe’s is launching a drone delivery service in partnership with DoorDash, Alphabet
Lowe’s is launching a drone delivery service in a partnership with DoorDash and Alphabet’s Wing, CNBC has learned exclusively.
Peloton is revamping its treadmills with new features in the next phase of its turnaround
With its new treadmills, Peloton aims to appeal to customers from casual workers to more serious athletes.
Beauty, health and wellness are converging into one retail category
As consumers prioritize holistic retail purchases, beauty, health and wellness are increasingly converging into one category and one consumer budget.
Children’s clothing retailer Carter’s is rebranding to appeal to a new generation of parents
Children’s clothing brand Carter’s is announcing a rebrand as it tries to keep up with the modern parent and its core customer base.
Livestream shopping is gaining steam in the U.S., thanks to apps like TikTok and Whatnot
Whatnot and TikTok are tapping into its potential livestream shopping in the U.S. after a decade of massive success in China.
The ‘choose your own adventure’ earnings: Why retailers are handling tariff refunds so differently
Retailers have diverged on how they’ve reported tariff refunds in their earnings this quarter, with some choosing to lower prices and others boosting margins.