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January 25, 2022

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Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation

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CNBC – For more and to sign up click here Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Peloton is about to begin effectively charging customers more......

Walmart is quietly preparing to enter the metaverse

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CNBC – For more and to sign up click here A shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Walmart appears to be venturing into the metaverse with plans to create its own......

Macy’s is closing more stores this year. Here’s a map of which ones are on the list

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CNBC – For more and to sign up click here Macy’s has released a list of the handful of department stores that it plans to close this year. It includes six full-line department stores, a Bloomingdale’s outlet shop and a Macy’s store that the company said already closed last year......

Bed Bath & Beyond’s supply chain issues hammered results. Its stock is up anyway

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CNBC – For more and to sign up click here A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Michael M. Santiago | Getty Images Bed Bath & Beyond delivered disappointing fiscal third-quarter results on Thursday, with earnings......

Guggenheim names Nike its best idea for 2022, citing metaverse play

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CNBC – For more and to sign up click here A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Guggenheim on Monday named Nike its “best idea” for 2022. Analyst Robert Drbul said in a note to clients that......

Guggenheim names Nike its best idea for 2022, citing metaverse play

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CNBC – For more and to sign up click here A customer shops at the Nike store on December 21, 2021 in Miami Beach, Florida. Joe Raedle | Getty Images Guggenheim on Monday named Nike its “best idea” for 2022. Analyst Robert Drbul said in a note to clients that......

CES still on, Davos postponed: Conventions industry rebound in doubt amid omicron

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Attendees take their photo in front of a sign as they arrive at the International CES at the Las Vegas Convention Center. Getty Images Canceled Broadway shows. Shuttered restaurants. Lines of people wrapped around the block at walk-in medical clinics. Businesses sending their employees home. It sounds like a flashback......

Nordstrom reportedly hires AlixPartners to review possible Rack spinoff

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CNBC – For more and to sign up click here Nordstrom Rack in downtown Seattle Getty Images Nordstrom has tapped the consulting group AlixPartners to help it review a potential spinoff of its off-price Nordstrom Rack business, according to a report from Bloomberg. Representatives from Nordstrom and AlixPartners didn’t immediately......

Nike shares rise as earnings, sales top estimates, fueled by strong North American demand

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CNBC – For more and to sign up click here Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike shares climbed around 3% in extended trading Monday after the sneaker maker reported......

Shopping in stores on the final Saturday before Christmas down 26% from pre-pandemic levels

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CNBC – For more and to sign up click here Shoppers walk through the Urbanspace Union Square Holiday Market in New York, U.S., on Sunday, Dec. 12, 2021. Gabby Jones | Bloomberg | Getty Images A lack of foreign tourists opening up their wallets and another wave of coronavirus cases......

Sears plans to sell or redevelop its massive corporate-office park in the Chicago suburbs

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A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois. Getty Images The beleaguered department-store chain Sears is considering a sale or a redevelopment of its massive corporate headquarters in suburban Chicago, as its retail footprint keeps dwindling. Transformco, the parent company of Sears......

Peloton fires back at its portrayal in ‘Sex and the City’ reboot with its own parody ad: ‘He’s alive’

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CNBC – For more and to sign up click here Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Peloton wants users to know its at-home fitness equipment can improve one’s physical health — not lead to......

Kohl’s CEO Michelle Gass says company is working to understand proposal from activist group

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CNBC – For more and to sign up click here Kohl’s CEO Michelle Gass said the retailer is doing due diligence after it received a letter from activist group Engine Capital urging the company to either consider a sale of its business or a separation of its e-commerce division. “My......

Rent the Runway posts widening losses, as subscribers have yet to return to pre-pandemic levels

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CNBC – For more and to sign up click here Rent the Runway shares fell more than 13% in extended trading Wednesday after the company booked widening third-quarter losses, despite sales that shot up 66% year over year, in its first financial report since going public in late October. The......

Retail icon Mickey Drexler on breaking up department stores: “I don’t get it.”

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CNBC – For more and to sign up click here Mickey Drexler has led some big retail brands, and he sees challenges ahead for the sector even as in-store shopping is picking up again. But he doesn’t understand how the latest Wall Street idea for retail —spinning off growing online......

Activist firm Engine Capital reportedly pressures Kohl’s to consider sale of online biz

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CNBC – For more and to sign up click here People shop at Kohl’s department store amid the coronavirus outbreak on September 5, 2020 in San Francisco, California. Liu Guanguan | China News Service | Getty Images An activist is reportedly pressuring Kohl’s to consider either a sale or a......

Eco-friendly shoemaker Allbirds posts wider loss despite 33% gain in quarterly sales; shares fall

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CNBC – For more and to sign up click here A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Allbirds said Tuesday that its third-quarter revenue rose 33% from last year, while its......

Lululemon fires back at Peloton in growing feud over clothing patents

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CNBC – For more and to sign up click here An employee restocks clothes on display at the Lululemon Athletica sports apparel store on Regent Street in London. Simon Dawson | Bloomberg | Getty Images Lululemon on Monday filed an anticipated patent lawsuit against Peloton, in a growing feud over......

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

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CNBC – For more and to sign up click here Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Traffic at retail stores on Black Friday......

Reusable gift wrap, homemade gifts: Sustainability is on the wish list this holiday season

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CNBC – For more and to sign up click here SustainAble Home Goods sells a selection of eco-conscious products online and also offers cloth wrapping that can be reused. Source: SustainAble Home Goods Some children might be waking up on Christmas morning to find more homemade gifts and a lot......

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