Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
e-commerce
News & Analysis
Amazon Bid to Delay Union Vote Rejected
Last month the e-commerce giant had asked the regulator to halt the vote to give officials time to reconsider the company’s proposal to conduct the election in person at the warehouse.
Amazon Bid to Delay Union Vote Rejected
Last month the e-commerce giant had asked the regulator to halt the vote to give officials time to reconsider the company’s proposal to conduct the election in person at the warehouse.
Technology
Amazon’s Jeff Bezos to Step Down as CEO
Amazon.com Inc. forecast first-quarter sales that topped analysts’ estimates, signaling the internet shopping boom will continue after fueling the company’s first $100 billion quarter during the holidays.
Amazon’s Jeff Bezos to Step Down as CEO
Amazon.com Inc. forecast first-quarter sales that topped analysts’ estimates, signaling the internet shopping boom will continue after fueling the company’s first $100 billion quarter during the holidays.
News & Analysis
Amazon Workers to Hold Mail Union Vote Starting in February
The date has been set for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products.
Amazon Workers to Hold Mail Union Vote Starting in February
The date has been set for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products.
Technology
Alibaba Plans To Sell Up To $8 Billion Bonds
Pulling off the sale at a time when Jack Ma’s empire is facing intense government pressure in China would be a sign of global investor confidence in the company.
Alibaba Plans To Sell Up To $8 Billion Bonds
Pulling off the sale at a time when Jack Ma’s empire is facing intense government pressure in China would be a sign of global investor confidence in the company.
Global Markets
Alibaba Antitrust Fears Worsen China’s Internet Selloff
Alibaba Group Holding Ltd. led a selloff in Chinese tech giants triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire and ensnare more of the country’s most powerful corporations.
Alibaba Antitrust Fears Worsen China’s Internet Selloff
Alibaba Group Holding Ltd. led a selloff in Chinese tech giants triggered by fears antitrust scrutiny will spread beyond Jack Ma’s Internet empire and ensnare more of the country’s most powerful corporations.
Technology
Alibaba Leads Chinese Internet Selloff Approaching $260 Billion
The move comes after Beijing issued regulations designed to curb the growing influence of internet-sector leaders.
Alibaba Leads Chinese Internet Selloff Approaching $260 Billion
The move comes after Beijing issued regulations designed to curb the growing influence of internet-sector leaders.
The News in Brief
Essilorluxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.