REI Co-op adventure travel adds 10 new trips to meet demand for most popular destinations

Costco Wholesale Corporation reported net sales of $19.80 billion for the retail month of April, the four weeks ended May 5, 2024, an increase of 7.1 percent from $18.48 billion last year. Net sales for the first 35 weeks were $166.44 billion, an increase of 7.0 percent from $155.62 billion last year.

Media mogul Barry Diller reiterated that he and other top publishers are prepared to take legal action over use of copyrighted works to train AI systems. Diller, the chair of Dotdash Meredith parent IAC, said on TV this week that tech firms like Google and Microsoft claim the “the fair use doctrine of copyright law allows them to suck up all this stuff,” according to The Hill. He added, “Of course, say we’re open to commercial agreements. But on the side of those people who are depending upon advertising, Google, for instance, they say, ‘Yes, we’ll give you a revenue share. Right now, the revenue share is zero. So, what percent of zero would you like today?”

Urban Outfitters, Inc. announced net sales for the three months and year ended January 31, 2022. Total Company net sales for the three months ended January 31, 2022, were a record $1.33 billion. Net sales increased 13.9% compared to the three months ended January 31, 2020. Comparable Retail segment net sales increased 14%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales primarily due to reduced store traffic. By brand, comparable Retail segment net sales increased 49% at the Free People Group, 14% at the Anthropologie Group and 3% at Urban Outfitters. Total Retail segment net sales increased 15%. Wholesale segment net sales decreased 22% primarily from reducing the Free People Group’s sales to promotional wholesale customers. URBN believes that the total Company fourth quarter gross margin could deleverage more than planned primarily due to higher than anticipated inbound transportation costs. For the year ended January 31, 2022, total Company net sales increased 14.2% compared to the year ended January 31, 2020. Comparable Retail segment net sales increased 16%, driven by strong double-digit growth in digital channel sales, partially offset by low double-digit negative retail store sales due to reduced store traffic. Wholesale segment net sales decreased 23% primarily from reducing the Free People Group’s sales to promotional wholesale customers.