Walmart Inc struck a cautious note in its economic outlook for 2023 on Tuesday as the retail bellwether forecast full-year earnings below estimates and warned that cautious spending by consumers
Big box retailers are doubling down on investments, including technology and store redesigns, as the way consumers shop after the pandemic is transformed.
Walmart says consumers are trading down to private label for items like dairy and bacon morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Peloton is rolling out fans’ most-demanded features
Peloton has found its polish slightly fading this year after a prosperous 2020 that catapulted the fitness company into a new stratosphere of popularity. This weekend, it’s engaging in some self-care to reinvigorate itself.
It’s bringing its fervent fans together virtually, of course - for Homecoming, a free three-day event that can best be compared to South by Southwest for Peloton fanatics. Panel discussions, celebrities, special classes, fresh features and new instructors will be introduced to the more than 175,000 people who have registered for the online festival.
Peloton isn’t announcing new hardware or machines. Rather, it’s focused on adding new and fan-demanded features that CEO John Foley said in a video is in an “effort to make the Peloton membership the best value in fitness.”