Spotify teams up with Peloton to launch global fitness content hub. Spotify is partnering with Peloton to launch a fitness category with more than 1,400 classes available for Premium users globally. This is Spotify’s first push into wellness as it looks to boost engagement and unlock new monetization beyond music and podcasts. Peloton, meanwhile, is aiming to expand its international reach as it pushes beyond a hardware-centric model. April 27, 2026 by
Nike cuts 1,400 roles in second round of layoffs this year. Nike announced about 1,400 layoffs, primarily in its technology department. The company said the job cuts are part of its efforts to better position the company for future growth as part of its “Win Now” strategy. The layoffs come after 775 Nike roles were eliminated in January. April 23, 2026 by
Best Buy names Jason Bonfig as new CEO, replacing Corie Barry in late October. Best Buy said Wednesday that Jason Bonfig, a 27-year company veteran, will succeed Corie Barry as CEO on Oct. 31. Barry, who has been CEO since 2019, led the consumer electronics retailer through the Covid pandemic, high inflation and President Donald Trump’s higher global tariffs. The leadership change comes as the company tries to rev up sales and capitalize on artificial intelligence-fueled innovation. April 22, 2026 by
Lululemon names former Nike exec Heidi O’Neill as new CEO. Lululemon announced on Wednesday that it has chosen former Nike executive Heidi O’Neill as its new CEO. She takes over as Lululemon battles weak sales, increased competition and a proxy battle. O’Neill will assume the role in early September. April 22, 2026 by
Gap says it will launch checkout within Google’s Gemini, in an AI first from a major fashion company. Shoppers will soon be able to buy products from Gap’s house of brands directly within Google’s Gemini, making Gap the first major fashion company to offer instant checkout within the AI platform. Gap’s partnership with Gemini and its gains in customer-facing AI tools give it a competitive edge at a time when winning in specialty retail is harder than ever. Gemini’s approach to agentic shopping allows retailers to have better control over the shopping experience than OpenAI’s ChatGPT, Gap Chief Technology Officer Sven Gerjets told CNBC. March 24, 2026 by
Macy’s store revamp shows progress, but company expects sales to fall this year. Macy’s beat Wall Street’s fourth-quarter expectations, but gave a cautious outlook for the year ahead. The company said its plan to refresh many of its namesake stores while closing others is showing signs of progress. CEO Tony Spring said several factors, including gas prices and changes to tariff policy, could affect consumers in the coming months. March 18, 2026 by
Lululemon reports weak guidance as proxy battle, tariffs weigh on bottom line. Lululemon gave weaker-than-expected sales and earnings forecasts for its fiscal 2026. The company topped Wall Street’s expectations for its fiscal fourth quarter. Lululemon has been navigating higher tariffs and a proxy fight with founder Chip Wilson. March 17, 2026 by
Peloton is launching bikes and treadmills for gyms, accelerating commercial strategy. Peloton on Monday announced its Commercial Series Bike and Tread for high-traffic gyms, marking its latest move into the commercial fitness market. The push into gyms comes as Peloton seeks new growth amid slowing consumer sales. The Commercial Series will begin shipping in late 2026 and initially will be available in the US, UK, Canada, Germany, Australia and Austria. March 16, 2026 by
Dick’s Sporting Goods issues weak profit guidance as Foot Locker merger weighs on bottom line. Dick’s Sporting Goods saw a better-than-expected holiday shopping season, but its profits fell by 57%, due largely to its acquisition of Foot Locker. For fiscal 2026, Dick’s is expecting adjusted earnings per share to be between $13.50 and $14.50, weaker than the $14.67 analysts had expected, according to LSEG. While there will be more costs associated with the acquisition during the current fiscal year, Executive Chairman Ed Stack told CNBC that Foot Locker’s rightsizing is “basically done” and the brand is expected to return to growth. March 12, 2026 by
Historic winter storms weigh on Gap, Old Navy performance after 800 temporary store closures. Gap’s fiscal fourth quarter results missed on the bottom line after historic winter storms led to around 800 temporary store closures, the company said. CEO Richard Dickson told CNBC that Gap is ready to build on its momentum and start scaling new growth initiatives. Gap was heavily impacted by President Donald Trump’s recently struck down global tariffs and could see better profit margins later in the year. March 5, 2026 by
