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Tech News
Adidas CEO Bjørn Gulden and SVP of Innovation Marc Makowski discussed how the company rebounded after severing ties with Yeezy in 2022. They credited a renewed focus on culture and performance for pushing Adidas to record 2025 revenues of $28.7 billion, outpacing rivals in the athletic apparel sector.
Medical apparel retailer Scrubs & Beyond is shutting down every one of its more than 100 physical stores spread across 30 states. The company has given no public reason for the closures, and as of Wednesday its customer service phone line had been disconnected.
Lululemon Athletica's stock fell more than 20% in premarket trading Friday after the company reported weaker-than-expected sales in China. The slowdown followed a viral controversy in May involving a promotional drum event that appears to have damaged the brand's standing with Chinese consumers. The stock is now down 42% year-to-date.
Target has introduced a new apparel collection built around Delia's, the once-popular 1990s catalog and mall brand aimed at teen girls. The move leans on nostalgia to draw millennial women who grew up shopping the original brand, arriving as Target works to move past recent public backlash.