Weeks ahead will test retailers’ lofty expectations

Shoppers ascend and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania, November 14, 2020. Mark McKella | Reuters Is it starting to look a lot like Christmas? Probably not, this year. With 24 days into the big holiday, retailers are hoping consumers will keep spending. Shoppers started buying holiday gifts early … Read more

Allbirds (BIRD) reports Q3 2021 earnings

A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, DC, on Tuesday, February 16, 2021. Drago | Bloomberg | Getty Images Allbirds Inc said Tuesday its third-quarter revenue was up 33% from a year ago, while its losses widened as the cost of opening stores and listing its stock weighed on … Read more

Lululemon fires back at Peloton in apparel feud with patent lawsuit

An employee restocks clothing displayed at the sportswear store Lululemon Athletica on Regent Street in London. Simon Dawson | Bloomberg | Getty Images Lululemon has filed an expected patent lawsuit against Peloton, in a growing dispute over designs for sports bras and leggings. In a case filed Monday in the Central District of California, Lululemon … Read more

Black Friday shopping in stores drops 28% from pre-pandemic levels

Shoppers carrying bags from various stores stand alongside the start of Black Friday sales at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. John Sherry | Reuters Black Friday retail traffic fell 28.3% from 2019 levels as Americans shifted more of their spending online and started shopping earlier in the year, … Read more

Sustainability is on the wish list this holiday season

SustainAble Home Goods sells a selection of eco-friendly products online and also offers reusable fabric packaging. Source: Sustainable Home Goods Some kids might wake up on Christmas morning to find more homemade gifts and much less wrapping paper under the tree. One in three shoppers said they plan to ditch traditional wrapping paper for environmental … Read more

Peloton has sued Lululemon in feud over cycle maker’s new apparel line

Carrie Gundy rides her Peloton sports bike at her home on April 6, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton has sued Lululemon after the leggings manufacturer threatened legal action against the connected fitness equipment company earlier this year. The lawsuit, which was filed in Manhattan federal court on Wednesday, comes … Read more

More Americans won’t be buying holiday gifts this year

Donna Hilliard, CEO of Code Tenderloin, said the nonprofit group that serves the homeless is currently seeing more demand than it has ever seen. Source: Tenderloin Code Code Tenderloin, a nonprofit group that serves the homeless in San Francisco, said it has about $7,000 in gift cards to distribute to those who need extra financial … Read more

10 to be announced in January

An indoor shopping mall is seen before having to close due to new restrictions imposed by the state of California during the global outbreak of the coronavirus disease (COVID-19) in Carlsbad, California, US, July 14, 2020. Mike Blake | Reuters Macy’s said Thursday it is reconsidering when it will close the nearly 60 remaining open … Read more

Macy’s (M) Q3 2021 earnings beat

Doorways at Macy’s are decorated with Christmas ornaments on December 4, 2020 in New York City. Roy Rochlin | Getty Images Entertainment | Getty Images Macy’s on Thursday reported third-quarter earnings and sales that beat analysts’ expectations, prompting the supermarket chain to raise its full-year forecast before the holiday. CEO Jeff Jennett said Macy’s added … Read more

Warby Parker (WRBY) reports Q3 2021 earnings

Co-CEOs, Neil Blumenthal and Dave Gilboa of Warby Parker at the New York Stock Exchange, September 29, 2021. Source: NYSE Warby Parker reported Friday that its third-quarter revenue was 32% higher than its year-earlier levels, but its losses widened due to costs associated with its recent direct inclusion and stock-based compensation in sales. The eyeglass … Read more