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Dick’s Sporting Goods (DKS) Q1 2022 earnings top estimates, outlook cut

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Spencer Platt | Getty Images Dick’s Sporting GoodsWall Street was pleasantly surprised Wednesday by the results of its fiscal first quarter. Shoppers spent more money on sports apparel, such as golf clubs and soccer equipment, than expected. NikeAdidas. […]

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Allbirds to sell its sneakers in select Nordstrom department stores

Nordstrom signs outside of one its full-line departmental stores Getty Images| Getty Images News | Getty Images AllbirdsSelect customers will be able to purchase its shoes NordstromCompanies announced Tuesday the opening of department stores in the United States next month. The sneaker brand is looking to establish partnerships with retailers and expand its market reach. […]

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Google’s cloud group forms Web3 product and engineering team

Thomas Kurian (chief executive officer, cloud services, Google LLC) speaks at the Google Cloud Next San Francisco Event on April 9, 2019. Getty Images| Bloomberg | Getty Images Google’sCloud unit has formed a team of developers to create services for blockchain apps as it tries to capitalise on crypto’s growing popularity. Amit Zavery from Google […]

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Victoria’s Secret takes beauty business to Amazon in wholesale test

Amazon will offer a selection of approximately 120 Victoria’s Secret products, which include lotions, fragrances, and other beauty products, starting Friday. Source: Victoria’s Secret Victoria’s SecretIs expanding its beauty and wellness business AmazonThis was the first time that the lingerie business had a major partnership with another retailer in order to sell its goods. About […]

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Members-only club Chief coming to San Francisco with help of Google

Lindsay Kaplan and Carolyn Childers were the co-founders. Images courtesy Chief Google parentage comes as companies witness record levels of women quitting their jobs during “the Great Receipt” AlphabetThey are putting their money behind an initiative that may help them to stay. Chief was founded in 2019 and is a membership-based organization for female executives. […]

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Shanghai by the numbers: China’s Covid lockdowns

The Huangpu River divides Shanghai into two distinct areas: the old settlement to the west and the more modern, financially-oriented area to the east. Johannes Eisele | Afp | Getty Images China’s latest wave of Covid restrictions has forced millions of people — roughly three times as many as live in New York City — […]