John Foley may be best known as the founder and former CEO of Peloton, but it turns out interior design is his real passion. "I've been passionate about rugs for decades," he said on the Modern Retail Podcast. "I love design, I love spaces." This was all said to explain why he launched a rug...

On this week's Modern Retail Rundown: President Biden signed a bill that requires TikTok to either sell itself or face a U.S. ban. Next, the team discusses Saks' newly announced retail media network — and why it's a growing trend among retailers. Lastly, we dive into a new Amazon grocery...

Every brand talks about paths to profitability, but few actually reach it. Customizable beauty brand Prose is one company that has bucked the trend and reached meaningful profitability. The company has made nearly $500 million since launching in 2018 and estimates it will bring in $160 million...