Chewy Inc
Pet owners pampering animals when it comes to food, despite inflationary pressures
A customer carries a dog near a Petco Animal Supplies shopping bag outside a store in New York. Angus Mordant | Bloomberg | Getty Images Pet owners might feel squeezed by inflation, but they’re still pampering their animals when it comes to food. This week, pet products retailer Chewy said it’s not seeing any significant […]
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Stocks making the biggest moves midday: Bed Bath & Beyond, Express, Snap, Rocket Lab and more
Check out the companies making headlines in midday trading. Bed Bath & Beyond — Shares of the beleaguered retailer tumbled 19.8% after it outlined a strategic plan that only confirmed investor fears that the company will struggle to turn around its business. Bed Bath also filed to sell an undisclosed amount of stock in the […]
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Shares making the most important moves premarket: Designer Makes, Categorical, Chewy and extra
In this posting CRWD HPQ CHWY EXPR DBI SNAP Online video1:3601:36 News Update – Pre-Marketplaces Information Briefing Test out the corporations creating headlines right before the bell: Designer Brand names (DBI) – The footwear and extras retailer claimed much better-than-predicted financial gain and revenue for its hottest quarter and raised its full-year outlook. Designer Brands […]
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Shares creating the largest moves following several hours: Chewy, HP, CrowdStrike and extra
In this post CRWD HPQ CHWY PVH Chewy CEO Sumit Singh (C) rings the opening bell to begin the day’s investing for the Chewy Inc. IPO at the New York Stock Trade (NYSE), June 14, 2019. Andrew Kelly | Reuters Verify out the providers creating headlines right after the bell: Chewy — Chewy shares slumped […]
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Pet ‘moms and dads’ are spending more on their furry family, setting these stocks up for growth
The “pandemic pups” you pass on a stroll around the neighborhood have been a huge windfall for the pet industry. But unlike other booms, the inevitable pullback in demand could be eased by two factors unique to this situation. The first is that pets will continue to require food and care, driving future spending. Second, […]
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From Gap to GameStop, there’s a retail executive exodus underway — and more departures are coming
Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies’ sales plunged. GameStop fired its chief financial officer in the middle of […]
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GameStop launches NFT marketplace as it hunts for growth in digital-fueled turnaround
NurPhoto | NurPhoto | Getty Images GameStop on Monday announced the long-awaited debut of its online marketplace for nonfungible tokens, or NFTs, in a bid to reinvent its business and cash in on consumer adoption of cryptocurrencies and blockchain technology. The platform, which is now open to the public for beta testing, allows users to […]
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Bed Bath & Beyond replaces CEO as retailer’s sales plummet
A pedestrian walks by a Bed Bath and Beyond store in San Francisco, California. Justin Sullivan | Getty Images Bed Bath & Beyond is replacing CEO Mark Tritton in a leadership shakeup after the retailer struggled through another quarter of declining sales and posted a steeper loss. The company said Wednesday that Sue Gove, an […]
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Stocks making the biggest moves premarket: Spirit Airlines, BioNTech, Robinhood and more
Check out the companies making headlines before the bell: Spirit Airlines (SAVE) – Spirit Airlines lost 4.7% in the premarket after saying it would accept the latest improved takeover bid from Frontier Group (ULCC). The latest Frontier cash-and-stock bid is valued at $2.7 billion based on Friday’s closing prices, while the most recent JetBlue (JBLU) […]
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Needham upgrades Chewy, says shares can rally more than 40% because the pet space is defensive
Shares of Chewy have plummeted 35% this year, but the stock is due for a comeback according to Needham. Source
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