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Everlane founder plans new fashion venture following Shein acquisition
Everlane founder Michael Preysman is preparing to launch a new fashion brand following the controversial sale of Everlane to Shein, according to Forbes. The move comes after Shein acquired the US fashion retailer earlier this month in a deal that sparked backlash from customers and sustainability advocates, given Everlane’s long-standing...
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Dick's Sporting Goods raises low end of full year outlook following Foot Locker acquisition
US sports retailer Dick's Sporting Goods today reported its financial results for the first quarter ended May 2, 2026, delivering strong comparable store sales growth and increasing the lower threshold of its annual sales guidance. The consolidated results reflect the operation of the recently acquired Foot Locker business for the entire 13-week...
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