Macy’s gave a lower sales and earnings forecast for the year as it said discretionary spending slowed in March.
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This startup wants to curb fast fashion by helping you rent out your closet
The startup By Rotation aims to end the fast-fashion market and challenge clothing rental competitors by helping users rent out their own closets.
Continue readingEV maker Lucid announces $3 billion raise from Saudi public wealth fund and stock offering
Lucid is raising $3 billion via a secondary stock offering, including about $1.8 billion from the Saudi fund that controls the automaker.
Continue readingDollar General shareholders pass proposal to improve worker safety
A shareholder proposal to improve worker safety at Dollar General by conducting an independent audit passed during the retailer’s annual meeting Wednesday.
Continue readingNordstrom tops Wall Street’s first-quarter sales expectations, even as shoppers spend less
The high-end department store reaffirmed its full-year outlook and posted a surprise profit on an adjusted basis.
Continue reading‘The Little Mermaid’s’ box office will say a lot about Disney’s live-action remake strategy
Disney’s live-action remake of “The Little Mermaid” had a solid opening weekend, but the film’s longevity at the box office will depend on word of […]
Continue readingNot just shoplifting: Here’s why companies say retail theft is such a big deal
Shrink, retail theft and organized retail theft are often cited by retailers as a reason for lower profits, but the terms are distinctly different.
Continue readingMLB will broadcast San Diego Padres games after Diamond Sports stops payments
Bally Sports San Diego, owned by the bankrupt Diamond Sports, will no longer air Padres games beginning Wednesday.
Continue readingNew study pegs the median age of the world’s billionaires at 67
While tech wunderkinds and music and sports celebrities may get the most attention, the world’s billionaires are largely aging entrepreneurs.
Continue readingAdvance Auto Parts shares plummet 30% after dismal results, cuts to outlook and dividend
The auto parts supplier blamed its Q1 results on higher-than-expected costs, inflationary pressure, supply chain problems and lower, unfavorable product mix.
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