In today’s top retail news, Hims & Hers Health, Inc. reported its fourth quarter revenue jumped by 67 percent, while Peloton is collaborating with Adidas on a new sports clothing line. Plus, Walmart is relaxing requirements that made its marketplace merchants be registered in the U.S.
Hims & Hers Health, Inc Revenue Jumps 67 Pct
Hims & Hers Health, Inc., the multi-specialty telehealth company, reported that its fourth quarter revenue soared by 67 percent. As for its overall results, Hims & Hers Health, Inc. posted a net loss of $5.2 million on revenue of $41.5 million. The company’s gross margin increased from 61 percent in the fourth quarter of 2019 to 77 percent for the fourth quarter of 2020.
Adidas Teams Up With Peloton For New Sports Apparel Line
Peloton, the digital fitness platform, and Adidas, the sportswear maker, are collaborating to build out a new collection of sports clothing and lifestyle gear that is poised to hit stores and websites next week. The collection was made with Peloton teachers Cody Rigsby, Robin Arzón and Ally Love. The fitness instructors took part in the design process in a co-creation model.
Walmart Lets International Merchants Sell On Its Marketplace
Walmart has eased requirements that made its marketplace merchants be registered in the U.S., according to a published report, only weeks after it said it would spend $350 billion on items made, grown or assembled domestically. The world’s biggest retailer started to open its third-party marketplace to merchants beyond the United States in March.
Whole Paycheck: Amazon Widens 3-Year Lead In Apparel; Walmart Designs A Fashionable Future
In this week’s Whole Paycheck report, soon after reports emerged that Amazon was stepping up its grocery game to try to chip away at Walmart’s 10x lead in food and beverage sales, the owner of 5,500 stores is taking its own action to reclaim its stake in the clothing and apparel arena. Walmart announced on Monday (March 15) that it was bringing renowned fashion designer Brandon Maxwell on the team.
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