EBay Is Laying Off About 800 Workers, 6% of Global Workforce at Bloomberg. “…The layoffs mark the third round of cuts in three years. In early 2024, the e-commerce company axed about 1,000 jobs, or about 9% of its workforce, saying labor costs had outpaced growth. In early 2023, the company terminated about 500 employees, or about 4% of staff…” Bloomberg subs.

 

Warby Parker Q4 net revenue +11.2% Press release

 

American Eagle to serve as exclusive apparel and denim sponsor of country music festival Stagecoach at Adweek. “American Eagle will also release a limited-edition clothing collection on March 25 commemorating Stagecoach.” Read more

 

6-Year-Olds Want Makeup. These Brands Are Cashing In at WSJ. “They are creating an unhealthy obsession with appearance, which should not start at this age,” said Dr. Thivi Maruthappu, a London-based dermatologist and consultant…“Skin care is not a hobby. They need a better hobby.” WSJ subs.

 

Amazon to move out of longtime office building near its main Seattle headquarters at GeekWire. “Amazon is not renewing its lease at 1915 Terry Ave…has occupied the seven-story, 251,000-square-foot space…since 2014…(Amazon) has been growing its footprint across Lake Washington in Bellevue…” Read more

 

Buc-ee’s sues yet another convenience store over logo similarities at USA Today. “With about 42 Ohio locations…Mickey Mart features a smiling cartoon moose within a red hexagon as its logo. Buc-ee’s argues, in court documents, that the animalistic logo is too similar to its own…Both animals are facing right and display wide eyes and a smile, Buc-ee’s says in court documents.” Read more

 

Jeff Bezos and Lauren Sánchez Bezos Will Be Honorary Chairs of the Met Gala at NY Times. “…this is the rare instance in which the lead sponsors will also be the honorary chairs. The news was not acknowledged immediately, perhaps because even the Bezoses’ initial involvement provoked something of an outcry — or perhaps because the deal was not settled till now.” NY Times subs.

 

Target and Roller Rabbit Debut an Exclusive Spring Getaway Collection Press release

 

Lowe’s CEO says the housing market is under pressure at CNBC. “Comparable sales for the quarter climbed 1.3% (vs. 0.2% expected)…posted growth in nine of its 14 merchandising categories, said Bill Boltz, EVP of merchandising…items that sold well are more closely tied to pros, such as sales of plumbing supplies like water heaters and millwork for windows and doors, Boltz said…also saw strength with paint sales, as customers bought interior and exterior paint, primer and stains, he said.” Read more

 

TJX Companies, Inc. Q4 comp sales +5.0% Press release