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Us Retail

All articles tagged with #us retail

gaming2 days ago•20 min saved

GameStop to close 410 US stores in major cost-cutting push

GameStop is shuttering about 410 US locations (with 11 more planned) as part of a broad cost-cutting plan, extending a trend of store reductions and international downsizing noted in its December 2025 SEC filing; the move comes as the retailer continues to redefine its strategy after a 2021 market surge and amid failed NFT/crypto pivots. The filing also mentions a potential payout of up to $35 billion in stock options to CEO Ryan Cohen if GameStop hits a $100 billion market cap.

via Engadget|

#cost-cutting #gamestop #gaming

world3 months ago•2 min saved

US Retailers Remove Millions of Chinese Electronics Amid FCC Security Crackdown

Major U.S. online retailers have removed millions of listings for prohibited Chinese electronics, including devices from Huawei, ZTE, and Hikvision, as part of the FCC's ongoing efforts to address national security concerns related to Chinese technology. The FCC is tightening restrictions and planning to prohibit the sale of certain Chinese-made telecommunications equipment to prevent potential surveillance and disruptions, reflecting escalating tensions between the U.S. and China.

via Reuters|

#chinese-electronics #fcc #huawei

business1 year ago•2 min saved

Lululemon Stock Tumbles on Sluggish Sales Forecast

Lululemon's shares plunged 15% after reporting a slowdown in US store traffic and issuing a weaker-than-expected revenue outlook for the first quarter and full year. The company cited softness in US consumer demand, leading to a lower growth forecast of 11% to 12%, down from 19% the previous year. Despite this, analysts anticipate that Lululemon will surpass its conservative guidance, especially with plans for new products, expansion in China, and a focus on men's apparel and international markets.

via Yahoo Finance|

#athleisure #business #lululemon