The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting to buckle for the first time in a decade. He’s blaming a list of headwinds weighing on consumers including inflation, higher interest rates, federal budget … Read more
A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Indonesia said it will end transactions on its e-commerce marketplace by Thursday, in order to comply with new local regulations. The announcement comes after the Indonesian ministry of trade last week set a one-week deadline for TikTok … Read more
Pedestrians walk past a Levi’s store in Midtown Manhattan. Sopa Images | Lightrocket | Getty Images The CEO of the world’s most famous denim jeans company said he knew from his second day on the job that the best way to turn around the company was to fire more than half of his executives. “The … Read more
Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we continue to expect revenue to grow healthily. And I think in a very promising sign, we actually are going to be healthily reducing our losses this year as well,” … Read more
Hole reported blended outcomes on Thursday and underwhelming current-quarter steering because the longtime mall retailer warned of an “unsure client” and posted one other quarter of declining gross sales throughout all 4 of its manufacturers. The corporate is projecting web gross sales to lower within the low double-digit vary for the fiscal third quarter in … Read more
Portland Press Herald | Portland Press Herald | Getty Pictures In current a long time, knowledge from sports activities researchers revealed an encouraging pattern: younger ladies have been taking part in sports activities in higher numbers. However the analysis additionally uncovered an enormous missed alternative. Women drop out of sports activities at “alarming charges,” particularly … Read more