Retail business

Adidas warns of big earnings hit after ending Ye partnership

Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas Wednesday cut its full-year guidance following the German sportswear giant’s termination of its partnership with Kanye West’s Yeezy brand. The company ended his relationship with Yeformerly known as Kanye West on October 25 after the …

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Carvana stock craters as outlook darkens for used vehicle market

Shares of carvana were on pace for their worst day on record on Friday after the company missed Wall Street revenue and earnings expectations for the third quarter as the outlook for used cars plummets following record demand, prices and profits during the coronavirus pandemic. The stock cratered around 40% in midday trading. Shares of …

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McDonald’s to sell Krispy Kreme doughnuts in latest menu experiment

Scott Olson | Getty Images McDonald’s will sell Krispy Kreme donuts in select restaurants later this month for the first time. Starting Oct. 26, the fast-food giant will sell Krispy Kreme donuts at nine locations in the Louisville, Ky., area as part of a trial. McDonald’s said the test would help it learn more about …

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Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart+ in 2020. It added perks including deeper gas discounts and free access to Paramount+. walmart Americans have tons of subscriptions. Even with inflation, walmart think they are willing to pay for one more. Walmart’s subscription service is Walmart+. The program includes benefits such as free shipping for online purchases, …

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Peloton adds $3,195 rowing machine to fitness equipment lineup

Peloton Rower Courtesy: Peloton Platoon adds a line of rowers to its lineup as the company restructures to expand its customer base and return to profit. The fitness equipment maker announced Tuesday that it’s launching Peloton Row, which starts at $3,195 and is now available for pre-order on its website. Deliveries are expected to begin …

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Patagonia founder donates entire company to fight climate change

Yvon Chouinard, founder and owner of Patagonia. Courtesy of Jeff Johnson and Patagonia Patagonia founder Yvon Chouinard, his wife and two adult children are divesting their ownership of the clothing manufacturer he founded about 50 years ago, dedicating all company profits to projects and organizations that will protect wild lands and biodiversity and tackle the …

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Where Walmart, Amazon, Target are spending billions in slowing economy

A Walmart worker loads a robotic warehouse tool with an empty cart to be filled with a customer’s online order at a Walmart micro fulfillment center in Salem, Massachusetts on January 8, 2020. Boston Globe | Boston Globe | Getty Images When the economy slows, the classic consumer business response is to cut spending: slow …

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