Browsing: retail
The South Bronx is a cross section of everything wrong with America, but has a community hellbent on changing that: ‘You need to have an outlet so it doesn’t destroy your life’
Walking down Alexander Avenue in the heart of the South Bronx, the poorest congressional district in the country despite its…
A Wells Fargo analyst ordered the same Chipotle burrito bowl 75 times and found the portion problem is real
To finally “put the ‘weight debate’ to rest,” Wells Fargo analyst Zachary Fadem and his team bought and weighed 75…
Arizona Iced Tea founder explains why it still costs less than $1 a can, in a move straight out of Costco’s playbook
Arizona Iced Tea founder Don Vultaggio has kept the price of his famous tea at 99 cents for 40 years…
Shein’s CEO and massive IPO are both incredibly secretive—and it’s because of the backlash for allegedly using forced labor to make its dirt-cheap clothing
Shein, the Chinese-linked $64 billion fast-fashion giant monopolizing teens’ wallets, filed for a long-awaited IPO listing on the London Stock…
Ring’s inventor was ‘completely broke’ before pitching his $1 billion idea to ‘Shark Tank’ and Amazon
Before doorbell company Ring was acquired by Amazon in a reported $1 billion deal and became a fixture in over…
Millennials’ fast-fashion favorite Forever 21 can’t keep up with Shein’s meteoric rise: ‘It’s like comparing a mobile phone from 2000 to the newest iPhone’
Once the mall epicenter of cheap jeggings and sequined halter tops, fast-fashion brand Forever 21 is reeling from financial problems,…
Fitness unicorn Peloton appears to be facing a steeper hill to climb as it looks to turn around its sagging financials.…
Consumer sales are flatlining, but UBS says it will drive a revival of brick-and-mortar stores as shoppers want to ‘try before they buy’
The number of people buying online is falling—but bad news for consumer spending could lead to a comeback for brick…
Five men were convicted for running Jetflicks, a low-cost streaming service that amassed more TV shows than Netflix, Hulu, and Amazon Prime combined
If a streaming service sounds too good to be true, it probably is. In the case of Jetflicks, it was…
Online-only retailer Asos blames ‘detrimental’ virtual meetings, ordering staff back to the office to lift performance after making $150 million in losses
The online store’s sales surged, profits tripled, and popularity soared as people clicked away on their shopping carts from home. …