Category: Retail News
Constellation CEO hints at stock buyback after shares take a beating. The Club would fully support the move
Constellation Brands (STZ) could potentially implement a stock buyback program, CEO Bill Newlands said Thursday. [...]
As Constellation’s shares fall on weak earnings, we see a buying opportunity
Alcoholic beverage producer Constellation Brands (STZ) reported mixed fiscal 2023 third-quarter earnings on Thursday, sending shares lower. [...]
Buy this retailer secretly buying back its stock, Bank of America says
A build up in share repurchases over the last few weeks is boosting Bank of America's confidence in the home retailer. [...]
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
Stitch Fix founder Katrina Lake on Thursday announced the company will be cutting 20% of its salaried workforce and that she will reassume her post as [...]
Walgreens executive says ‘maybe we cried too much last year’ about theft
Walgreens acknowledged it may have overblown concerns about thefts in their stores after shrinkage stabilized over the past year. [...]
Bed Bath & Beyond shares plummet after company warns of potential bankruptcy
The embattled home goods retailer said it is exploring financial options, including filing for bankruptcy. [...]
Online holiday sales jump by 3.5% as discounts persuade deal-hungry shoppers
Sales during the key shopping season got a boost from record-high discounts and Cyber Week deals. [...]
Pickleball popularity exploded last year, with more than 36 million playing the sport
Pickleball now boasts the support of LeBron James, Tom Brady and more than 36 million other Americans. [...]
Walgreens tops estimates as early flu season helps drive sales
Walgreens Boots Alliance reported fiscal first-quarter earnings before the bell Tuesday. [...]
Fanatics is divesting its 60% stake in NFT company Candy Digital
Michael Rubin's sports platform company Fanatics is divesting its 60% stake in NFT company Candy Digital, according to an internal email obtained by C [...]