Alibaba shares surge nearly 7% after Jack Ma appears in Europe and company releases new chip

Jack Ma, founder of Alibaba Group, attends opening ceremony of the 3rd All-China Young Entrepreneurs Summit on September 25, 2020 in Fuzhou, Fujian Province of China. Lyu Ming | China News Service via Getty Images GUANGZHOU, China — Alibaba’s Hong Kong shares rallied as much as 9% on Wednesday following reports that its founder Jack … Read more

Ulta Beauty touts plans to invest in faster delivery, but shares dive on disappointing outlook

Florida, Port St Lucie, The Landing at Tradition, outdoor mall, Ulta, beauty cosmetics store. Jeff Greenberg | Universal Images Group | Getty Images Ulta Beauty said Tuesday that it will roll out same-day delivery in select markets and speed up curbside pickup orders, as the company chases consumers who have gotten used to buying lip … Read more

Why Levi’s is opening 100 new stores even as pandemic online sales boom keeps growing

A Levi’s logo on the window of a Levi Strauss & Co. store in London. Chris Ratcliffe | Bloomberg | Getty Images Shoppers are doing more and more purchasing online amid the pandemic, and that has both companies and investors trying to best mix e-commerce and the traditional retail store business moving forward. In 2008, … Read more

Do you need to start holiday shopping even earlier this year? Here’s what retail experts say

Stephen Chernin | Getty Images News | Getty Images Supply chain bottlenecks and rising prices aren’t keeping consumers from buying. The latest retail sales numbers show U.S. consumers are spending at a much faster pace than expected, excluding autos, up over 15% in September. Back-to-school and back-to-work trends drove a higher level of transactions despite … Read more

Toymaker Hasbro’s CEO Brian Goldner to take immediate medical leave

Brian Goldner attends the Global Premiere of “Transformers: The Last Knight” at Cineworld Leicester Square on June 18, 2017 in London, England. David M. Benett | WireImage | Getty Images Toy and entertainment company Hasbro has announced that Brian D. Goldner is taking a medical leave of absence from his CEO role, effective immediately. The … Read more

How Peloton builds a community around health and wellness to craft its brand

Cari Gundee rides her Peloton exercise bike at her home on April 06, 2020 in San Anselmo, California. Ezra Shaw | Getty Images Peloton wants to be known as a health and wellness company, not a fitness business, according to its chief marketing executive. “We definitely want to make sure that we are reflecting the … Read more

Activist group Jana calls on Macy’s to spin off its e-commerce business to fetch higher valuation, report says

Macy’s Herald Square Flagship Department Store in Midtown Manhattan New York. Nicolas Economou | NurPhoto | Getty Images Activist investor Jana Partners is reportedly encouraging the department store chain Macy’s to spin off its e-commerce business, in order to seek a higher valuation from the separate entity. Jana stated in an investor presentation Wednesday that Macy’s online … Read more

Warby Parker soared in its market debut, setting a high bar for other online retailers

Co-CEOs, Neil Blumenthal & Dave Gilboa of Warby Parker at the NYSE, September 29, 2021. Source: NYSE Warby Parker‘s debut Wednesday set a good precedent for a number of online-first retailers preparing to go public. Warby’s shares skyrocketed 36% Wednesday. Founded in 2010, Warby started hawking its eyewear online and has avoided using wholesale partners … Read more

Retailers bid farewell to layaway, as shoppers embrace buy now, pay later options

Supply chains are snarled and manufacturing is constrained. For weeks, headlines have been telegraphing a clear message to shoppers: This holiday season shop early. In years past, early bird shoppers may have turned to layaway plans to reserve holiday gifts and pay for the purchases over time. But many retailers — including the nation’s largest, … Read more