Retail industry
Gap CEO Sonia Syngal is stepping down, effective immediately
Sonia Syngal, president and chief executive officer of Old Navy Inc., speaks during the Fortune’s Most Powerful Women Summit in Washington, D.C., on Tuesday, Oct. 22, 2019. Sarah Silbiger | Bloomberg | Getty Images Gap CEO Sonia Syngal is stepping down, effective immediately, the company announced on Monday, as the apparel retailer battles supply chain […]
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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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What Amazon’s Grubhub stake means for investors and the future of delivery
Amazon’s latest partnership with Grubhub will have little impact on the company’s stock but could signal a growing appetite to compete in restaurant delivery, analysts say. The technology company announced last week it’s partnering with the delivery platform to offer Prime users a free year membership to Grubhub+. As part of the deal, Amazon will […]
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4 things Costco CEO Craig Jelinek said in a rare interview on the economy, retail trends and more
The Investing Club breaks down CNBC’s interview with Costco CEO Craig Jelinek. Source
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Klarna valuation plunges 85% to $6.7 billion as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” […]
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Costco CEO’s one-word answer to whether he would raise the price of hot dogs: ‘No’
Some good news for inflation-weary Americans: There will be no price hike on Costco’s hot dogs. In an interview Monday on CNBC’s “Squawk on the Street,” CEO Craig Jelinek had a one-word answer when asked whether he would raise the signature food court item’s price: “No.” Costco has continued to put up strong sales, even […]
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Why Bed Bath & Beyond’s CEO stock purchase is a sign of stress, not strength
Many investors take it as a good sign when a CEO puts their own cash into the company they run. After all, who knows better what opportunities the business has? Unfortunately, it may not always be the case. On Wednesday, filings with the Securities and Exchange Commission revealed Bed Bath & Beyond interim CEO Sue […]
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Amazon Prime Day is coming up: Here’s why deal experts say you might want to skip it this year
Prime Day prices may not be Amazon’s best-ever offer Just because something is discounted on Prime Day doesn’t mean it’s the best deal you’ll see anywhere, or even all year. Naturally, Amazon will offer the best prices on its own gear like the Kindle, Fire TV streamer and private-label clothing. For example, the e-commerce giant is […]
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GameStop CFO is leaving the company, retailer announces layoffs
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 GameStop said Thursday its Chief Financial Officer, Mike Recupero, is leaving the company and that it will make staff cuts across departments as part of an effort to […]
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Levi Strauss hikes dividend as second-quarter earnings exceed expectations
A sign is posted in front of the Levi Strauss & Co. headquarters on April 09, 2021 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images Levi Strauss on Thursday reported quarterly revenue and earnings that came in above Wall Street expectations, as the clothing company known for its denim said […]
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