Joann Inc. swung to a surprise first-quarter loss and reported lower sales, challenged by “unprecedented” supply chain disruptions and a “difficult” environment for discretionary categories.
Lululemon posted another strong quarter as it successfully navigated the ongoing impacts of COVID-19, supply chain disruptions and inflationary pressures.
GameStop reported quarterly results that topped analysts’ expectations and said it plans to launch a non-fungible token (NFT) marketplace by the end of its current quarter.