Retail Bum

Peloton Will Stop Making Its Bikes

Peloton Will Stop Making Bikes

Peloton is planning to fully outsource its manufacturing operations as the company looks for ways to cut costs and improve profitability. The announcement marks a

TikTok Launches Program For Small Businesses

TikTok Launches Program For Small Businesses

TikTok has launched a multi-channel educational program called Follow Me to help small and medium-sized businesses (SMBs) create connections, engage with the platform’s massive audience

LVMH Sells Sephora Business In Russia

LVMH Sells Sephora Business In Russia

LVMH’s Sephora is selling its business in Russia, becoming the latest major Western brand to exit the country. The business is being sold to Sephora’s

German Union Calls For Prime Day Strike (1)

German Union Calls For Prime Day Strike

German union Verdi has asked warehouse employees at seven distribution centers to go on strike to protest Sunday evening’s night shift. The strike will coincide

Effective Immediately, Gap CEO Sonia Syngal Steps Down

Gap CEO Sonia Syngal Steps Down

Gap has revealed that its chief executive officer (CEO) and president Sonia Syngal is stepping down after working nearly 18 years for the company. “Leading