US Retail News Headlines for October 2nd, 2023

for the second quarter of fiscal 2024. This is a significant drop from the profit of $46.26 million or $0.40 per share reported a year ago. Despite the loss, the company saw a slight increase in revenue, with a 1.6% rise to $534.2 million.

CEO Jennifer Wong expressed disappointment in the results but remained optimistic about the company’s future growth. Toys R Us is planning a brick-and-mortar comeback in the U.S (CNBC) Once a dominant brand in the toy industry, Toys R Us is planning a comeback.

The company’s parent company, WHP Global, announced plans to open as many as 24 new stores in the U.S. as early as next year. This move marks a significant step in the company’s recovery after its liquidation.

Canada’s Lululemon and Peloton Forge a Five-Year Global Partnership Fitness companies Lululemon and Peloton have announced a five-year “strategic global partnership.” The partnership involves Lululemon discontinuing its Mirror fitness hardware and Peloton reducing its private-label fitness clothing line production…