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Specialty Retailing

Cartier Is a Cut Above Tiffany

The French brand does more business in China than its American rival, which should help to maintain its edge in 2023. Source link

Peloton Recalls 2.2 Million Bikes, Customers Told to Immediately Stop Using Them

The Consumer Product Safety Commission said people should immediately stop using the bikes. Source link

The Executive Keeping Tesla Rolling Isn’t Elon Musk

Finance chief Zach Kirkhorn is little known outside the company, but inside he is widely admired for his skill navigating the demands of...

Shopify to Lay Off 20% of Its Workforce as It Sells Logistics Business to Flexport

Sale of Deliverr and 6 River Systems effectively ends its bid to run its own logistics operation for its merchant customers. Source link

WSJ News Exclusive | Revlon Taps New Directors as Lenders Take Control in Bankruptcy

Revlon Inc. will emerge from bankruptcy under new ownership and a new...

WSJ News Exclusive | World’s Richest Man Likes the View Atop Refurbished Tiffany

Bernard Arnault says that under LVMH, profits have doubled at the American jeweler, which reopened its flagship store this week. Source link

Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs

The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San Francisco and New...

WSJ News Exclusive | Gap Plans to Lay Off Hundreds of Corporate Workers in Latest Cuts

The retail chain plans to shed a larger number of workers than it did in September. Source link

Bed Bath & Beyond Files for Bankruptcy

Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its retail locations to...

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