Tag: shopping malls

Stitch Fix shares surge as online styling service reports surprise profit

The Stitch Fix application for download in the Apple App Store on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Saturday, June 5, 2021. Stitch Fix Inc. is scheduled to release earning on June 7. Tiffany Hagler-Geard | Bloomberg | Getty Images Stitch Fix shares jumped 14% in extended trading Tuesday after the online […]

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Litecoin hoax highlights crypto market vulnerable to scams: ‘Walmart has no relationship with litecoin,’ says big box retailer

An earlier version of this article incorrectly stated John Wu’s affiliation with Ava Labs, where he is president. Ava Labs was founded by a group including Emin Gün Sirer. Fake news appeared to give holders of virtual currencies very real agita on Monday, as a hoax news release sent litecoin briefly soaring before crumbling back […]

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American Eagle shares drop after revenue falls short, e-commerce sales slow from last year

A shopper walks past an American Eagle store in the mall. Tim Boyle | Getty Images News | Getty Images American Eagle shares tumbled Thursday after the company reported fiscal second-quarter revenue short of analysts’ estimates, as its e-commerce business decelerated compared with the prior year. Its shares were down 9% in premarket trading on […]

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Shoe brand Hoka to open first retail stores as running category sees explosive growth

Hoka’s sales recently surpassed those of its sister brand Ugg for the first time in Deckers’ history. Source: Hoka Sneaker brand Hoka, famous for its cushioned running shoes, is opening its first-ever retail locations Wednesday as it bets on bricks and mortar to help fuel greater growth for parent company Deckers. Hoka President Wendy Yang […]

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Peloton investors face a new reality as fitness company’s costs eat into profits

Jen Van Santvoord rides her Peloton exercise bike at her home on April 07, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton investors were in for a rude awakening on Thursday. Many expected to see the connected fitness equipment maker report slowing sales. Gyms have reopened, and outdoor runs and vacations beckoned […]

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Peloton shares fall after cycle maker posts disappointing earnings and outlook, cuts Bike price

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 said Thursday its fiscal fourth-quarter loss widened as the pace of revenue growth slowed dramatically and costs associated with a treadmill recall mounted. […]

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Singapore retailers are reeling from further Covid measures as sales drop 70% for some

People inside a shopping mall in Singapore on May 15, 2021, ahead of tightening restrictions over concerns of a rise in Covid-19 coronavirus cases. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s brick and mortar businesses have been hit hard by Covid-19 and retailers have seen sales plummet significantly as a result of […]

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Nike could run out of sneakers made in Vietnam as Covid crisis worsens, S&P Global warns

File photo showing workers in a Nike factory near Ho Chi Minh City work at a production line conveyor belt, putting together Nike sports shoes. Peter Charlesworth | LightRocket | Getty Images Nike is at risk of running out of sneakers made in Vietnam as the Covid crisis worsens around the global, according to a […]

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Nordstrom buys stake in four apparel brands owned by U.K. fashion house Asos, in bid for younger shoppers

A woman is seen shopping on ASOS the online fashion store on a laptop. Dinendra Haria | SOPA Images | LightRocket | Getty Images Nordstrom said Sunday it has acquired a minority stake in four apparel brands owned by the online U.K. fashion house Asos. The brands — Topshop, Topman, Miss Selfridge and the activewear […]

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