
Articles
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3 weeks ago |
digitalcommerce360.com | Abbas Haleem
Dick’s Sporting Goods announced its acquisition of Foot Locker in a transaction worth about $2.4 billion. Foot Locker shareholders can can elect to receive either $24.00 in cash or 0.1168 shares of Dick’s Sporting Goods common stock for each share of Foot Locker common stock, Dick’s Sporting Goods shared in a public release.
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3 weeks ago |
digitalcommerce360.com | Abbas Haleem
The National Retail Federation applauded the United States and China for agreeing to a temporary pause on 125% “reciprocal and retaliatory” tariffs. In April, U.S. online and offline retail sales had grown year over year as consumers expected product prices to increase imminently as a result of tariffs, according to the NRF. Then, on May 12, the White House announced that it would modify its tariff rates for 90 days to reflect discussions with China.
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3 weeks ago |
digitalcommerce360.com | Abbas Haleem
Warby Parker Inc. grew revenue more than 10% year over year in its fiscal Q1, which ended March 31. Q1 marked a milestone for Warby Parker, co-founder and co-CEO Neil Blumenthal told investors on the retailer’s earnings call. It was the first time Warby Parker achieved positive generally accepted accounting principles (GAAP) net income since going public in September 2021. He attributed the success to the retailer’s “continued focus on customers,” referring both to their experience and acquisition.
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1 month ago |
digitalcommerce360.com | Abbas Haleem
The United Parcel Service Inc. (UPS) posted both U.S. and international revenue growth in its fiscal Q1, which ended March 31. Consolidated revenue decreased less than 1% year over year, in line with UPS expectations, CEO Carol Tome told investors in the carrier’s quarterly earnings call.
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1 month ago |
digitalcommerce360.com | Abbas Haleem
Beyond Inc. net revenue decreased year over year in its fiscal Q1, which ended March 31, but the retailer said it expects to transition from its restructuring phase into revenue growth in less than 60 days. “That doesn’t mean we think we’re going to make a bunch of money in 60 days,” executive chairman and principal executive officer Marcus Lemonis told investors on the retailer’s Q1 earnings call.
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