Rivian CEO RJ Scaringe reacts at an event to unveil a smaller R2 SUV in Laguna Beach, California, U.S., March 7, 2024. Mike Blake | Reuters Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings …
A closeup of Oura’s Gen3 Horizon ring and its sensors. Oura Oura will now sell its smart rings on Amazon, its latest retail expansion as the health and wellness wearable space continues to grow. Starting Thursday, Oura will have its full selection of rings and accessories available to U.S. shoppers …
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers’ doors quickly. This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery …
American Eagle on Thursday announced a new strategy to boost profitable growth over the next three years, as the retailer said it wrote off $94 million in impairment charges related to its internal logistics business Quiet Platform. The company also reported holiday earnings that beat Wall Street’s expectations thanks to …
Abercrombie & Fitch said Wednesday that its holiday-quarter sales jumped 21% and its profit grew thanks to higher prices and lower raw material costs. The apparel retailer expects its growth story will continue as it issued better-than-expected sales guidance. Here’s how Abercrombie did in its fiscal fourth quarter compared with …