Articles by Lauren Thomas

Physical fitness Peloton Interactive Inc Retail industry Business business news Jan 18, 2022

Peloton hires McKinsey to review cost structure; cycle maker may cut jobs, close stores
Lauren Thomas

Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. Peloton is also considering asking employees at its brick-and-mortar retail stores to take customer service calls during less busy times, according t . . .

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Physical fitness Peloton Interactive Inc Retail industry Business Shopping malls Shopping Old Dominion Freight Line Inc business news Jan 17, 2022

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

Peloton is about to begin effectively charging customers more for its original Bike and Tread products, citing rising inflation and heightened supply chain costs. Previously, Peloton said that the $250 and $350 fees for delivery and assembly were included in the total price of the Bike and Tread. Th . . .

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Technology Walmart Inc Retail industry Business Shopping malls Shopping Meta Platforms Inc Nike Inc Roblox Corp Gap Inc Urban Outfitters Inc Ralph Lauren Corp Abercrombie & Fitch Co Under Armour Inc business news Jan 16, 2022

Walmart is quietly preparing to enter the metaverse
Lauren Thomas

In this article WMTA shopper carries a bag outside a Walmart store in San Leandro, California, on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty ImagesWalmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, . . .

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Technology Holiday shopping Abercrombie & Fitch Co Lululemon Athletica Inc Shopping Shopping malls Business Retail industry Apparel Retail Urban Outfitters Inc DICK'S Sporting Goods Inc Target Corp Best Buy Co Inc Macy's Inc Nordstrom Inc Kohl's Corp business news Jan 12, 2022

Higher prices played a role in online sales hitting record $204 billion over the holidays
Lauren Thomas

Mike Segar | ReutersOnline sales during the holiday season rose nearly 9% to a record $204.5 billion, Adobe Analytics said Wednesday, as consumers opened up their wallets to spend on gifts for family, friends and for themselves. But the uptick in sales was driven, in part, by higher prices on goods . . .

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Planet Fitness Inc Physical fitness Retail industry Business business news Jan 11, 2022

Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal
Lauren Thomas

A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston's Dorchester on Feb. 1, 2021. Planet Fitness said Tuesday it plans to acquire Sunshine Fitness, an operator of more than 100 Planet Fitness fitness clubs in the U.S., in a cash-and-stock deal valued at $800 million . . .

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Fashion Warby Parker Inc Allbirds Inc Business Retail industry Lululemon Athletica Inc Nordstrom Inc Kohl's Corp Revolve Group Inc Apparel Retail business news Jan 11, 2022

Russell Wilson and Ciara's fashion start-up, The House of LR&C, is opening its first pop-up store, CEO Christine Day says
Lauren Thomas

A rendering of House of LR&C's pop-up shop slated to open later this month at the University Village shopping center in Seattle. A fashion start-up co-founded by singer and entertainer Ciara, NFL quarterback Russell Wilson and former Lululemon CEO Christine Day is preparing to open its first brick-a . . .

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Apparel Retail Gap Inc Nike Inc Macy's Inc Lands End Inc Lululemon Athletica Inc Abercrombie & Fitch Co American Eagle Outfitters Inc Urban Outfitters Inc Retail industry Business Shopping malls Shopping business news Jan 11, 2022

Retailers detail staffing shortages as omicron rages, but investors see it as short-term hit
Lauren Thomas

In this article LELULUANFAEOURBNA "now hiring" sign is posted on an Urban Outfitters store in San Francisco. But investors seem to be shrugging off the bad news, seeing it as a short-term challenge. Abercrombie & Fitch cut its fiscal fourth-quarter revenue estimates because it didn't have enough mer . . .

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Apparel Retail Crocs Inc Retail industry Business business news Jan 10, 2022

Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was 'exceptional year'
Lauren Thomas

Footwear is offered for sale at a Crocs retail store on July 22, 2021 in Chicago, Illinois. Crocs said Monday it sees sales in 2021 climbing about 67% from 2020, more than it previously anticipated. Crocs had been calling for full-year sales to be up 62% to 65%. Analysts were looking for 65% year-ov . . .

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Markets Apparel Retail Lululemon Athletica Inc Retail industry Business Shopping malls Shopping Macy's Inc Nike Inc Walmart Inc Gap Inc Starbucks Corp business news Jan 10, 2022

Lululemon shares fall after retailer sees fourth-quarter earnings, sales hurt due to omicron
Lauren Thomas

Lululemon said in a press release it expects fourth-quarter revenue at the low end of its range of $2.125 billion to $2.165 billion. It predicts adjusted earnings per share also toward the low end of its range of $3.25 to $3.32. Analysts had been looking for earnings of $3.34 per share on sales of $ . . .

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Lululemon Athletica Inc Apparel Retail Retail industry Business Abercrombie & Fitch Co business news Jan 10, 2022

Abercrombie & Fitch shares rise despite retailer trimming holiday-quarter outlook
Lauren Thomas

Shares rose nearly 7% in extended trading following the release, despite Abercrombie lowering its guidance for fourth-quarter sales. "We believe that, if we had the inventory on-hand, we would have delivered sales within our previous outlook range," said Chief Executive Fran Horowitz, in a press rel . . .

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