Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Nike CEO John Donahoe acknowledged that the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own...
StubHub eyes summer IPO, seeks $16.5 billion valuation
StubHub is eyeing a summer initial public offering and the online ticketing service is aiming for a valuation of at least $16.5 billion.
Why Hawaii is becoming a leader in U.S. EV adoption
As the move to all-electric vehicles is occurring more slowly than many expected in the U.S., a growing leader in EV adoption is Hawaii.
Macy’s proxy fight is over, but the battle for the department store’s future wages on
CEO Tony Spring is on the clock to execute a turnaround vision with potential buyers pressing ahead with a bid to take Macy's private.
Walgreens tops quarterly revenue estimates, but narrows profit outlook in ‘challenging’ economy
Walgreens posted a steep net loss for the quarter as it recorded a hefty goodwill impairment charge related to its primary-care provider VillageMD.Â
Huawei’s profit doubled in 2023 as smartphone, autos business picked up
Chinese telecommunications company Huawei said Friday its net profit for 2023 more than doubled thanks to better product offerings.
Nearly half of Levi’s sales are happening online and in its shops, a shift as department stores fade
Levi Strauss is now doing nearly half of its sales through its own website and stores, the company said when reporting fiscal first quarter earnings.Â
Coinbase partner ClearBank posts first full year of profit as revenue almost doubles
British fintech firm ClearBank swung to an £18.4 million ($23.3 million) pretax profit in the year ended Dec. 31, 2023, up from a £7.1 million...
Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
Despite the fall seen in the first quarter, the company expects a better second quarter in terms of revenue.