Annual results show that pre-tax losses surged to £363.9 million in 2025, up from £289.1 million the previous year, underscoring the significant financial difficulties the company and its stakeholders face. The decline in sales is driven by declining global demand, US import tariffs, and lower-than-expected sales volumes, reflecting broader market pressures that are impacting the company's performance.
The company has come under pressure in recent months. Its sales in the Americas have slid, and analysts say the brand has veered from its yoga roots and become more generic. Its stock price has sunk 53% in the past year. Chip Wilson, the founder of Lululemon, has also become increasingly vocal in his criticism of the athleisure company. At the end of last year, he launched a proxy battle to change the leadership of Lululemon's board.
A recent article by Android Headlines that covers three continents and collects data from four independent analyst firms suggests that OnePlus will soon shut down. The poor sales performance in the last couple of years, the fact that OnePlus is losing market share, and the closure of many offices around the world have led Android Headlines to believe that the company is done for.
On January 8, The Game Business reported that Switch 2 sales in the United States over the holiday shopping season of November and December were down around 35 percent when compared to those of the original Switch during its first Christmas back in 2017. This isn't too surprising considering the recent data released by retail tracker Circana, which indicated that U.S. console sales had their worst November since 1995.
According to the latest European sales data, as reported by Christopher Dring of The Game Business, Black Ops 7 has sold 63% less copies in its opening week than Battlefield 6 achieved during its launch week in October. Let's do some quick math: we know that Battlefield 6 sold 7 million copies in its first week, so if the GSD sales data is correct, that puts Black Ops 7 at roughly 4.4 million copies sold.
Maserati is offering huge discounts for its electric cars. The Grecale Folgore electric SUV's rebate could buy you a well-maintained used Tesla Model 3. However, the electric GranTurismo and GranCabrio's discount is enough for a brand-new Model Y Premium All-Wheel Drive. Maserati isn't doing great, folks. Its global sales haven't stopped falling this year, with the Italian brand recording a 32% drop in sales in the first half, followed by another 19% decrease in the third quarter.
In 2023, Tesla CEO Elon Musk promised that his EV maker's upcoming Cybertruck would sell like hotcakes, delivering between 250,000 and 500,000 units per year once the company hit its stride. But over two years later, Tesla hasn't even gotten close, in yet another instance of Musk vastly overpromising while severely underdelivering. In reality, the carmaker's pickup truck has flopped hard, not even selling 20,000 units this year.
Store closures have emerged as an ominous through line across the retail business landscape this year, with decades-old chains trimming their physical footprints, seeking Chapter 11 bankruptcy protection-sometimes twice in one year-and even winding down operations altogether in some cases. Petco Health and Wellness Company is not facing such dramatic dire straits yet, but the beloved pet retailer has been reevaluating the size of its brick-and-mortar fleet as it struggles to lift its bottom line.
Target announced on Wednesday that its Chief Operating Officer (COO), Michael Fiddelke, will assume the position of Chief Executive Officer (CEO) in February 2026. The company's current CEO, Brian Cornell, who has been in the role for 11 years, will retire that month. "There is no one better suited to move Target forward than Michael Fiddelke," Cornell stated in a news release. "He brings a remarkable level of resolve in the face of complex challenges, a deep passion for growth, and a natural ability to inspire those around him to define what's next."
"I think the underlying trend ... is really tied to the consumer sitting on the sideline," he said, citing increased price sensitivity, an uncertain economic climate, and the challenge of lapping last year's promotional successes.
London EV Company (LEVC) has announced it will cut approximately 180 manufacturing jobs at its Ansty site due to a significant decline in sales and increasingly challenging automotive conditions. Demand for electric hackney carriages has been affected by rising costs and ongoing reductions in the number of drivers, prompting the need for restructuring to ensure the future of the London black cab.
Jaguar Land Rover's quarterly sales fell by more than 10%, with total units sold decreasing from 97,755 to 87,286 compared to the same period last year.
