Retail news for the people shaping what's next

Lululemon stock was down about 18% in morning trading following the issuance of a quarterly report which was disappointing. The company also slashed its guidance for the year as a result. A 4% fall in revenue and a 9% comp sales decrease were just some of the headline figures.…

Volkwagen plans to axe an additional 50,000 jobs globally as it navigates headwinds tied to competition, ongoing tariffs, and more. A simplification of its model portfolio is also in the cards, being halved by 2035.

Campbell's observed a difficult finish to its fiscal year, recording net income of $403 million for the year -- down 33% from the $602 notched in the year prior. Organic sales were down 2%, and snacks down a significant 12%. “Make no mistake. Our results remain unacceptable, b…

Ollie's reported adjusted EPS of $1.42 for its second quarter, versus analyst projections of $1.14, and net sales trended upward by 9.1% to $741.3 million (against expectations of $756.4 million. “The consumer remains resilient, but increasingly selective in how they choose to…