by Malique Morris | Nov 29, 2020
The RealReal’s faith in physical retail amid the pandemic is driving sales growth, even as profits continue to slip. Reopening brick-and-mortar locations at the beginning of the summer gave the San Francisco-based online consignor a much-needed boost in supply,...
by Malique Morris | Nov 3, 2020
The RealReal wants to dominate the luxury resale market, even if it means losing money. In 2019, the San Francisco-based online consignor’s full year gross merchandise volume – which measures total sales on the platform before expenses are accounted for – climbed by...
by Minji Koo | Oct 30, 2020
With the pandemic upending the fitness industry, Lululemon bought Mirror, a home workout startup, at just the right time. But even after the public health concerns go away, Lululemon’s purchase of Mirror in late June will remain key to attracting more customers. As...
by Suzannah Cavanaugh | Oct 25, 2020
Walgreens Boots Alliance, Inc. reported dismal fourth-quarter earnings that managed to exceed low-ball estimates. Shares surged in response to surpassed expectations. Walgreens reported adjusted earnings per share (EPS) of $1.02, down 28.2% from the same period last...
by Minji Koo | Oct 10, 2020
While many retailers are cutting back or even going out of business in the pandemic’s economic downturn, Lululemon Athletica is the rare exception with plans to open 30 to 35 new stores by the end of 2020. The continuing work-at-home environment has accelerated the...
