Retail industry
CVS to buy home health giant Signify Health for about $8 billion
A CVS logo is displayed at one of their stores near Bloomsburg. Paul Weaver | Lightrocket | Getty Images CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that […]
Read More
Bed Bath & Beyond CFO Gustavo Arnal fell to his death in Manhattan
Signage outside a Bed Bath & Beyond retail store in New York, Aug. 25, 2022. Gabby Jones | Bloomberg | Getty Images Bed Bath & Beyond on Sunday confirmed that its Chief Financial Officer Gustavo Arnal died over the weekend, after police had said earlier that Arnal fell to his death. “The entire Bed Bath […]
Read More
Starbucks CEO transition plan gets muted reaction from Wall Street
“As we create more premium beverages, it becomes more difficult for customers to replicate it at home and we think that helps with the concept of trade down,” Starbucks CFO Rachel Ruggeri told CNBC’s “Squawk Box” on Aug. 3. Gary Hershorn / Contributor / Getty Images Wall Street’s reaction to Starbucks’ new CEO was muted […]
Read More
No, McDonald’s all-day breakfast isn’t returning in October
A McDonald’s “Big Breakfast” and Egg McMuffin are displayed at a McDonald’s restaurant in Fairfield, California. Justin Sullivan | Getty Images No, McDonald’s isn’t bringing back its popular all-day breakfast next month. The fast-food giant ended the offering during the early days of pandemic lockdowns as part of a broader scheme to simplify service. Bloated […]
Read More
China’s e-commerce big Pinduoduo quietly launches U.S. purchasing internet site in Amazon obstacle
Chinese e-commerce giant Pinduoduo has been guiding its rivals Alibaba and JD.com when it arrives to worldwide growth. Now Pinduoduo has launched a U.S. e-commerce website named Temu. Rafael Henrique | Sopa Illustrations or photos | Lightrocket | Getty Visuals Pinduoduo launched its U.S. on the net shopping web-site as the Chinese e-commerce huge would […]
Read More
GameStop meme stock movie ‘Dumb Money’ in the works with Seth Rogen, Pete Davidson
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Last year’s GameStop meme stock phenomenon is making its way to the big screen, as “Saturday Night Live” alum Pete Davidson, “There Will Be Blood” actor Paul Dano, “Pineapple […]
Read More
Lululemon boosts outlook as earnings and sales easily beat expectations
Pedestrians pass by a Lululemon store. Scott Mlyn | CNBC Lululemon Athletica Inc. on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as shoppers stocked up on workout gear even as surging prices have hurt other retailers’ apparel sales. Shares of the company were up around 8% in after hours trading. Here’s what […]
Read More
Gatorade adds caffeine to its lineup with energy drink Fast Twitch
Fast Twitch, from the makers of Gatorade Source: PepsiCo Gatorade is entering the energy drink category with a caffeinated spin-off called Fast Twitch. It represents yet another example of beverage companies blurring the lines between drink categories, seeking to leverage existing brand loyalty while entering fast-growing categories. Gatorade’s parent company, PepsiCo, has already expanded Mountain […]
Read More
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 […]
Read More
Bed Bath & Beyond’s turnaround is not enough to fix the struggling business, analysts say
The verdict is out on Bed Bath & Beyond ‘s turnaround plan. While analysts think the retailer’s attempt to fix its problems and lure back customers is a good start, it will do little to imminently fix the struggling business. “While we believe the company has made progress with its upgraded management team, and the […]
Read More