Retail industry
FedEx hikes package rates, details cost cutting as demand weakens globally
A person walks by a FedEx van in New York City, May 9, 2022. Andrew Kelly | Reuters FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx were up about 2% […]
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Company local weather commitments are strengthening, but the worst offenders are accomplishing the the very least
Jose A. Bernat Bacete | Minute | Getty Photos The huge majority of People guidance equally corporate transparency on climate as effectively as federal demands for companies to disclose their weather knowledge, from emissions to emission reductions to sustainability applications and local climate commitments. But even though quite a few businesses are improving upon on […]
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What to expect when Costco reports earnings after the closing bell Thursday
Retail powerhouse Costco, which is set to release strong fiscal fourth-quarter results on Thursday, remains a top Club pick. Source
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Bed Bath & Beyond’s merchandise problems will make it hard to pull off a turnaround this holiday season
A person exits a Bed Bath & Beyond store in New York City, June 29, 2022. Andrew Kelly | Reuters Bed Bath & Beyond is betting on a drastic change in strategy and well-recognized brands to revive its struggling business. But the retailer’s strained relationships with suppliers of products such as air fryers and stand-mixers […]
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2 takeaways from Thursday’s ‘Morning Meeting’: We want to buy on market weakness
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. We have no choice but to buy Quick mentions: MRVL, LLY, NVDA, META 1. We have no choice but to buy Stocks slumped on Thursday, continuing their losing streak after […]
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Activist investor pushes Kohl’s to oust its CEO and chairman
Michelle Gass Chris Ratcliffe | Bloomberg | Getty Images Activist investor Ancora Holdings is pushing Kohl’s to remove its chief executive and its chairman. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5% stake in Kohl’s, wants new […]
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Why Target Canada was a massive failure
Target’s entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to […]
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Olive Garden parent Darden stands by outlook after mixed quarterly results
An order of breadsticks from a Darden Restaurants Inc. Olive Garden Getty Images Darden Restaurants on Thursday reported mixed quarterly results but still reiterated its outlook for fiscal 2023. The parent company of Olive Garden and LongHorn Steakhouse said net sales for the quarter rose 6.1% to $2.45 billion, which was lighter than Wall Street’s expectations. […]
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Target plans to hire 100,000 seasonal workers for the holidays and start deals early
A hiring sign is posted i front of a Target store on February 05, 2021 in San Rafael, California. Justin Sullivan | Getty Images Target announced Thursday that it will hire 100,000 seasonal workers for the holidays and start offering markdowns the first week of October. The company said the new workers will be hired […]
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Twitch announces ban on unlicensed gambling livestreams after backlash
Twitch logo displayed on a laptop screen and a gamepad are seen in this illustration photo taken in Krakow, Poland on August 23, 2022. Jakub Porzycki | Nurphoto | Getty Images Twitch said it is planning to ban the streaming of certain crypto gambling websites in an effort to protect users from potential harm. The […]
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