‘Most of the things you buy at Bed Bath & Beyond you don’t need’: Can the retailer win back customers — or have Americans moved on?
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| Last Updated | Sep 01 22 |
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Bed Bath & Beyond Stock Sinks. It's Cutting 20% of Jobs and Closing 150 Stores.: The troubled retailer also has secured more than $500 million in new financing.
barrons.com/articles/bed-bath-beyond-layoffs-store-closings-news-51661946032
Paid articlePaid Bed Bath & Beyond stock plummets. Investors wonder 'is it going to get worse?': Social Media users react to the recent volatility in meme stock Bed Bath & Beyond
marketwatch.com/story/should-i-get-out-now-is-it-going-to-get-worse-wall-street-bets-users-think-twice-about-bed-bath-and-beyond-11661961435
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Bed Bath & Beyond Stock Sinks. It's Cutting 20% of Jobs and Closing 150 Stores.: The troubled retailer also has secured more than $500 million in new financing.
barrons.com/articles/bed-bath-beyond-layoffs-store-closings-news-51661946032
Paid articlePaid Bed Bath & Beyond stock plummets. Investors wonder 'is it going to get worse?': Social Media users react to the recent volatility in meme stock Bed Bath & Beyond
marketwatch.com/story/should-i-get-out-now-is-it-going-to-get-worse-wall-street-bets-users-think-twice-about-bed-bath-and-beyond-11661961435
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Supermarket of the Year 2024 - The winners have been decided!: In a brilliant finale, the LP won the “Supermarket of the Year” event at the leading industry ...
lebensmittelpraxis.de/handel-aktuell/39950-supermarkt-des-jahres-2024-die-sieger-stehen-fest.html
Walgreens embarks on another round of layoffs: The Deerfield-based company has been cutting jobs every few months over the last year.
chicagotribune.com/2024/04/16/walgreens-layoffs/
Sterling wavers as markets gauge reported Israeli attack on Iran: The pound was little changed on Friday after falling to a five-month low against the dollar in ...
reuters.com/markets/currencies/sterling-wavers-markets-gauge-reported-israeli-attack-iran-2024-04-19/
GM and Ford count on gas-powered trucks as EV growth slows: U.S. automakers General Motors and Ford face a challenge in common when they report first-quarter ...
reuters.com/business/autos-transportation/gm-ford-count-gas-powered-trucks-ev-growth-slows-2024-04-19/
‘Blowout’ US retail sales shake bond and currency markets: Government debt sells off and dollar gains as latest sign of hot economy cools hopes of interest rate ...
ft.com/content/c2879370-192c-438b-ba01-7a99788f459a
Kia UK hosts dealers at its new Kia Academy in Derby: Kia UK hosted an event at its new Kia Academy in Derby on 16 April which saw dealers including Acorn Motor ...
motortrader.com/motor-trader-news/automotive-news/kia-uk-dealers-reflect-equity-diversity-inclusion-18-04-2024
US retail sales beat expectations, boost first-quarter growth estimates: U.S. retail sales increased more than expected in March amid a surge in receipts at ...
reuters.com/markets/us/us-retail-sales-beat-expectations-march-2024-04-15/
AMC Stock Is Rising Again. Bankruptcy Is ‘Inconceivable,’ Says CEO.: Shares of the movie theater chain are rising sharply on Wednesday on the heels of a 10% rise ...
barrons.com/articles/amc-stock-bankruptcy-inconceivable-ceo-fbc9917b
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Commentary: Bought the wrong trousers? More retailers don't want you to return them
channelnewsasia.com/commentary/us-online-retail-return-policy-refund-waste-transport-4285776
UK retail sales stagnate despite easing inflation: British retail sales stagnated in March despite high inflation easing recently, representing the first time ...
reuters.com/world/uk/uk-retail-stagnated-again-march-ons-says-2024-04-19/
Westfield operator to waive a week's rent for tenants after attack: Normal trade will resume tomorrow, while doors will open for a "day of reflection" ...
9news.com.au/national/bondi-stabbing-spree-westfield-to-reopen-day-of-reflection/2162ffa5-cb3f-4ca5-8323-af44aac02dd9
Thailand's Central buys German luxury retail property KaDeWe
reuters.com/markets/deals/thailands-central-group-buys-kadewe-property-say-industry-sources-2024-04-12/
TJ Maxx applicant in disbelief after learning of $12 minimum wage: 'Not taking that f--king job'
nypost.com/2024/04/16/lifestyle/job-applicant-refuses-tj-maxx-post-after-learning-of-12-an-hour-pay-not-taking-that-f-king-job/
China GDP rises 5.3%, but it doesn't mean the economic pain is over: March retail sales and industrial output fell short of forecasts. First-quarter new home ...
businessinsider.com/china-economy-first-quarter-gdp-growth-but-pain-not-over-2024-4
Dollar rises to 5-month high, puts heat on yen; GDP data boosts yuan
reuters.com/markets/currencies/dollar-firms-after-hot-retail-sales-yen-languishes-china-data-awaited-2024-04-16/
Hedin hits the acquisition trail in Europe: Hedin Mobility, the Swedish company headed by Anders Hedin (pictured), has expanded again with the purchase through a ...
motortrader.com/motor-trader-news/automotive-news/hedin-hits-acquisition-trail-europe-19-04-2024
Tesco accused of undercutting local shops via its wholesale business: Independent shopkeepers say prices they pay at supermarket’s cash-and-carry arm Booker are ...
theguardian.com/business/2024/apr/22/tesco-accused-of-undercutting-local-shops-via-its-wholesale-business
WhoCanFixMyCar appoints new hires to senior leadership team: WhoCanFixMyCar has appointed two new hires to its Senior Leadership team. Craig Livings joins as ...
motortrader.com/motor-trader-news/automotive-news/whocanfixmycar-appoints-new-hires-senior-leadership-team-18-04-2024
Retail warns of ghost towns: 5000 store closures threatened in 2025 alone: It's not just the Galeria insolvency that is increasing uncertainty in the retail ...
n-tv.de/wirtschaft/5000-Geschaeftsschliessungen-drohen-allein-2025-article24895286.html
Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html
Quick Glance: Nike CEO Acknowledges Shift from Direct Sales Focus
- Nike CEO John Donahoe acknowledged that the company deviated too far from wholesale partners like Macy's and DSW in its pursuit of primarily selling products through its own stores and website.
- Over recent years, Nike has actively worked on restructuring its business model. Initially focused on selling sneakers and clothing in department stores and specialty shops, the brand now generates the majority of its revenue through direct-to-consumer sales.
- This transition enabled Nike to significantly increase revenue and enhance customer insights through data analysis. Donahoe stated that Nike has tripled its mobile and digital business in the past four years.
- Some analysts view Nike's avoidance of wholesale partners as a misstep that hindered the company's progress in innovation and product development.
Evercore consumer dealmaker Taetle is leaving the bank, sources say: Adam Taetle, a senior managing director at Evercore who advised on several transactions in ...
reuters.com/business/finance/evercore-consumer-dealmaker-taetle-is-leaving-bank-sources-say-2024-04-19/
Taylor Swift Smashes Another Record: Another day, another record Swift has broken, helping the singer to once again rewrite history in a spectacular way.
newsweek.com/taylor-swift-record-cruel-summer-spotify-1890208
Volvo Cars core operating profits rise in first quarter on higher retail sales: Swedish automaker Volvo Cars on Wednesday reported an uptick in first-quarter ...
cnbc.com/2024/04/24/volvo-cars-core-operating-profits-rise-in-first-quarter-on-higher-retail-sales.html
Peter Waddell to 'take big fight with Freshstream to High Court': Peter Waddell, founder of Big Motoring World has vowed to take legal action against ...
motortrader.com/motor-trader-news/automotive-news/peter-waddell-take-big-fight-freshstream-high-court-15-04-2024
British retail sales stagnate as shoppers cut back on groceries: Economists had expected 0.3% growth in March
ft.com/content/d9995f34-4f7e-4ed1-a157-19ed9601d41a
Paid articlePaid Supermarket of the Year 2024 - Nominees in the category chain stores up to 3,000 sqm
lebensmittelpraxis.de/zentrale-management/39883-supermarkt-des-jahres-2024-nominierte-in-der-kategorie-filialisten-bis-3-000-qm.html
A Day in the Life of a Walmart Manager Who Makes $240,000 a Year: Nichole Hart walks 20,000 steps as she searches for super glue, encounters a disappointed Snoop ...
wsj.com/business/retail/a-day-in-the-life-of-a-walmart-manager-who-makes-240-000-a-year-3248037f
AMC exec has regrets about viral 'Dune: Part Two' popcorn bucket: AMC's Chief Content Officer said the company "would have never created" the "Dune" popcorn ...
businessinsider.com/amc-exec-viral-dune-2-popcorn-bucket-2024-4
Quick Glance: AMC Regrets Dune Popcorn Bucket Creation
- AMC's Elizabeth Frank regrets the creation of the Dune popcorn bucket due to the unexpected reactions.
- Despite the bucket's success, Frank sees no need to produce even more extravagant popcorn holders in the future.
- Collectors and film fans drive demand for special popcorn products, which only constitute a part of the food and beverage business.
- Although the Dune bucket was enjoyable, similar creative popcorn holders are not expected to resurface anytime soon.
FTSE 100 Set to Resume Rise Closer to Record
bloomberg.com/news/live-blog/2024-04-09/ftse-100-what-s-moving-uk-markets-right-now-markets-today
Do movie theaters need to get a gimmick to survive?: Last summer’s pink Barbiemania and “Barbenheimer” phenomenon put people in seats at movie theaters ...
sfchronicle.com/entertainment/movies-tv/article/movie-theaters-gimmicks-19396925.php
Target has launched its new paid membership program as part of Circle Week: Target 360 Circle will be priced at $49 through May 18
qz.com/target-circle-week-amazon-walmart-discount-retailer-1851394907
L.L.Bean announces layoffs, reduced call center hours due to online shopping surge
nypost.com/2024/04/17/business/ll-bean-announces-layoffs-reduced-call-center-hours/
Dollar Tree hiking prices as high as $7, but some Long Island customers say they'll stay loyal
newsday.com/business/dollar-tree-raising-prices-7-family-dollar-a634a4cx
Home Bargains to open new site in Colchester at old B&Q site: Popular store Home Bargains is preparing to launch what will be its biggest site in Colchester ...
gazette-news.co.uk/news/24269913.home-bargains-open-new-site-colchester-old-b-q-site/
How to claim the $500 Walmart might owe you: Walmart resolved allegations of overcharging customers in a $45 million settlement that could mean payouts up to ...
businessinsider.com/how-to-claim-the-500-walmart-might-owe-you-2024-4
Disappointing Q1 for retail: Retail commerce turnover in the first quarter of 2024 was disappointing, according to traders’ estimates.
ekathimerini.com/economy/1235662/disappointing-q1-for-retail/
Markets round-up: Escalating Middle East tensions deepen weekly slump: Global markets are poised for a third consecutive weekly decline as tensions rise in the ...
euronews.com/business/2024/04/19/markets-round-up-escalating-middle-east-tensions-deepen-weekly-slump
Apple Store Employees in New Jersey File to Unionize: Apple employees at the Apple Store in Short Hills, New Jersey have petitioned to unionize ...
macrumors.com/2024/04/10/apple-store-new-jersey-union-filing/
As Eid approaches, beware of rise in cyberattacks - News | Khaleej Times: GCC witnesses major rise in attacks as experts advise on protection options
khaleejtimes.com/business/tech/as-eid-approaches-beware-of-rise-in-cyberattacks
From Cubicle to Corporate Icon, Costco Finance Chief Ends 40-Year Run: Richard Galanti has stepped down as CFO after nearly four decades in the role ...
wsj.com/articles/from-cubicle-to-corporate-icon-costco-finance-chief-ends-40-year-run-52e986d1
Boyfriend Goes to Hardware Store, Comes Back With Best Movie Snack Hack: "Boyfriend went to B&Q, came back with this and said it's now our cinema snack box ...
newsweek.com/woman-boyfriend-hardware-store-cinema-snack-hack-1892730
Target has launched its new paid membership program as part of Circle Week: Target 360 Circle will be priced at $49 through May 18
qz.com/target-circle-week-amazon-walmart-discount-retailer-1851394907
99 Cents Only Stores to close all 371 spots in 'extremely difficult decision,' CEO says
usatoday.com/story/money/retail/2024/04/04/99-cents-only-stores-closing-all-locations/73212030007/
Quick Glance: 99 Cents Only to Close All 371 Stores and Cease Longstanding Business
- After more than four decades, 99 Cents Only will close all 371 of its stores and cease its business operations.
- The decision was made due to various challenges, including the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and increasing levels of shrinkage.
- The closure of 99 Cents Only reflects a broader weakness in the dollar-store category, with other major retailers also announcing store closures.
- Established in 1982 in Los Angeles, 99 Cents Only was a trailblazer in single-price retail and faced pressure from rising wages and competition from larger chains.
On National Beer Day 2024, the US is drinking more Modelo than Bud Light as NA brews rise
usatoday.com/story/money/2024/04/06/national-beer-day-2024-history-facts-sales/73225409007/
The Best Mattress Toppers: After 300 hours sleeping on 17 models, we’ve chosen four memory-foam, latex, and fiber-filled mattress toppers ...
nytimes.com/wirecutter/reviews/best-mattress-toppers/
‘Our margins are threadbare’: UK’s craft beer scene says it’s on the brink: Small brewers are being squeezed, with a flurry of insolvencies hitting the sector ...
theguardian.com/business/2024/apr/08/uk-craft-beer-sector-financial-hurdles
These Teenagers Know More About Investing Than You Do: Custodial investment accounts for minors have surged in popularity.
wsj.com/personal-finance/url-teens-stock-trading-apps-e839f82a
Dollar stores are shutting down across America. They did this to themselves: These are tough times for two big US dollar store chains. In the past month ...
cnn.com/2024/04/11/business/family-dollar-99-cents-only-closing/
AMC Theatres CEO Adam Aron’s Pay Rises to $25.4M In 2023: AMC Theatres CEO Adam Aron received compensation of $25.4 million in 2023.
hollywoodreporter.com/business/business-news/amc-theatres-ceo-adam-aron-pay-1235831459/
Retail sales jumped 0.7% in March, much higher than expected: Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus ...
cnbc.com/2024/04/15/retail-sales-jumped-0point7percent-in-march-much-higher-than-expected.html
Is the $139 Amazon Prime Subscription Still Worth It?: Over the past half decade, fees have crept up—while perks have gone away.
wsj.com/tech/personal-tech/is-the-139-amazon-prime-subscription-still-worth-it-83a597c7
Is the US banning TikTok? Your key questions answered: A measure to outlaw TikTok is on its way to President Biden for his signature. So what does this mean for ...
omaha.com/news/nation-world/government-politics/tiktok-ban-congress-things-to-know/article_9fb987a5-4c8f-56bf-9e3c-e1a69a829670.html
Quick Glance: Measures Against TikTok: Biden Sets Deadline for Sale
- President Biden has signed legislation requiring ByteDance to fully divest from TikTok within a year or potentially face a nationwide ban.
- This action poses a significant challenge to the future of the video-streaming app in the U.S. and escalates the technological conflict between America and China.
- TikTok plans to take legal action against the Biden administration, citing concerns that the law could impede the free speech of millions of Americans.
- This requirement was incorporated into a bill providing foreign aid for Israel, Ukraine, and Taiwan, mandating ByteDance to sell its stake in TikTok within 12 months under the threat of closure.
RMG export to US down 19% in January-February: Garment exports to the US declined 19.24% to $1.18 billion in January and February
thedailystar.net/business/news/rmg-export-us-down-19-january-february-3583331
Iceland's new Food Warehouse to give away loads of free food: The new Food Warehouse store will be opening on the retail park
kentlive.news/news/kent-news/icelands-new-food-warehouse-ashford-9215050
Comment on Galeria: Watch out, seller is coming: Attention, salesman coming: Thomas Middelhoff, Nicolas Berggruen, René Benko and now the new investors at ...
sueddeutsche.de/wirtschaft/galeria-einzelhandel-benko-1.6544781
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Where To Watch Dune 2: Showtimes & Streaming Status: The wait for Denis Villeneuve's Dune sequel is now over, and there are options for where to watch Dune ...
screenrant.com/where-to-watch-dune-2-showtimes-streaming/
'Ungentlemanly Warfare,' 'Abigail' top week's list of new films: 'Sasquatch Sunset,' 'Villains Incorporated,' 'Rebel Moon Part Two' are also among the movies ...
houstonchronicle.com/entertainment/movies_tv/article/ungentlemanly-abigail-new-films-19406731.php
A Rock Hill movie theater was a staple for decades. Now there’s a new plan for the site.
charlotteobserver.com/news/business/article287758410.html
Dune: Part Two Sets Digital, Blu-ray & 4K UHD Release Dates: Dune: Part Two gets a home video release date amid its continued box-office success ...
cbr.com/dune-2-digital-bluray-4k-release-date/
Trump touts Truth Social as ‘amazing’ startup, as stock declines: Former president says the focus on the social-media platform’s minimal revenue and high costs ...
marketwatch.com/story/trump-touts-truth-social-as-amazing-startup-amid-stock-decline-as-short-sellers-move-in-99c3e203
Theater Owners on Ticket Prices, Post-Strike Box Office, Dune Popcorn Bucket: Ahead of CinemaCon, Variety spoke to theater owners about the highs and lows of the ...
variety.com/2024/film/features/theater-owners-ticket-prices-post-strike-box-office-dune-popcorn-1235951078/
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AMC CEO Says There’s No ‘Desperate Need’ for Bottom 3rd of Low-Revenue Theaters: ‘Does the Industry Need Them to Stay Open?’
thewrap.com/amc-ceo-adam-aron-interview-cinemacon/
CinemaCon: AMC head dismisses notion that exhibitor will file for bankruptcy: Session also hears from Academy CEO, top Disney executive.
screendaily.com/news/cinemacon-amc-head-dismisses-notion-that-exhibitor-will-file-for-bankruptcy/5192341.article
At movie industry convention, leaders say blockbusters alone aren't enough: LAS VEGAS — Movie theater owners are still feeling the high from " Barbenheimer ...
postandcourier.com/at-movie-industry-convention-leaders-say-blockbusters-alone-arent-enough/article_58cc03a6-f6b8-11ee-82a1-339d2f8f59a8.html
Best Target Circle Week deal: Get a $10 Target gift card when you purchase a $50 gift card
mashable.com/article/april-9-target-gift-card-deal
2 million Black+Decker steamers were recalled because people were getting burned: Empower Brands had previously issued a recall for the same steamers in November ...
qz.com/black-decker-steamers-recall-burn-hazard-refund-1851390466
The Mummy: Brendan Fraser Movie Returning to Theaters Later This Month: The Mummy, the Brendan Fraser-starring action movie released in 1999 ...
comingsoon.net/movies/news/1644261-the-mummy-brendan-fraser-movie-returning-to-theaters-later-this-month
Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024 - iShares iBoxx $ High Yield Cor
benzinga.com/news/large-cap/24/04/38098774/top-10-us-high-yield-corporate-bonds-with-returns-over-20-in-april-2024
Trump’s social media company lost more than $58 million in 2023: Losses in 2023 for Trump Media & Technology Group mark a stark decline compared with the profit ...
bostonglobe.com/2024/04/01/business/trump-social-media-company-lost-millions/
Quick Glance: Donald Trump's Media Company Faces Financial Challenges in 2023
- Following a high-profile stock market debut, Donald Trump's social media company reported significant losses, with nearly $58.2 million lost last year, resulting in a stock price decline of over 21%.
- Revenue for Trump Media in 2023 totaled $4.1 million, showing an increase from $1.5 million in 2022.
- Trump Media began trading on the Nasdaq under the symbol DJT on March 26, experiencing volatility as the stock closed at $48.66 after Monday's sell-off.
- Analysts have drawn comparisons between the excitement surrounding Trump Media and the meme stock frenzy that boosted shares of companies like GameStop and AMC Entertainment in 2021.
Amazon to Remove ‘Just Walk Out’ Checkout Technology at U.S. Grocery Stores: The system uses cameras and sensors to charge customers after they leave stores.
wsj.com/business/retail/amazon-to-remove-just-walk-out-checkout-technology-at-u-s-grocery-stores-10869555
Podcast - Why cheese counters are far from obsolete - with Christian Pontow from Beemster
lebensmittelpraxis.de/zentrale-management/39794-podcast-warum-kaesebedientheken-noch-lange-nicht-ausgedient-haben-mit-christian-pontow-von-beemster.html
Stratstone opens sales unit for Genesis in Leeds: Stratstone has started sales operations of Genesis cars in Leeds. The move was flagged up earlier this year ...
motortrader.com/motor-trader-news/automotive-news/stratstone-opens-sales-unit-genesis-leeds-02-04-2024
McDonald's only McSki restaurant with Ski-Thru in Sweden: photos: McDonald's has just one McSki, or Ski-Thru, located in one of Sweden's biggest ski resorts ...
businessinsider.com/mcski-sweden-ski-thru-mcdonalds-photos-2024-3
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AMC: Likely Dead Money In 2024: AMC Entertainment faces significant risks as it announces a $250M share sale, causing a 14% drop in share price and raising ...
seekingalpha.com/article/4681367-amc-likely-dead-money-in-2024
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Google Workers Protest Cloud Contract With Israel's Government: Google employees are staging sit-ins and protests at company offices in New York and California ...
wired.com/story/google-no-tech-for-apartheid-project-nimbus-israel-gaza-protest/
Quick Glance: Google restructuring operations and relocating roles to 'hubs' to fund AI investments
- Google is implementing staff layoffs and transferring certain roles to 'hubs' to secure funds for artificial intelligence investments.
- The finance and real estate teams are being affected by the downsizing, with some roles being moved overseas.
- Through the consolidation of finance teams in Bangalore, Mexico City, Dublin, Chicago, and Atlanta, Google aims to enhance efficiency and operate around the clock.
- The restructuring is driven by the substantial shift towards artificial intelligence in the tech industry, prompting Google to allocate more resources to this domain.
Reports: Caitlin Clark to sign 8-year, $28 million Nike deal
reut.rs/3WawaMY
Quick Glance: Caitlin Clark Secures Groundbreaking Contract with Nike After WNBA Salary Criticism
- Following public criticism of Caitlin Clark's modest WNBA rookie salary, she secured an impressive deal with Nike.
- As the top pick in the 2024 WNBA Draft, she landed a long-term agreement with the athletic footwear and apparel brand, including a signature shoe.
- This partnership represents the largest sponsorship deal for a female basketball player.
Within 48 hours of being selected to receive subsidy from Union gov't, Aurobindo Pharma gifted Electoral Bonds to BJP.
reporters-collective.in/trc/within-48-hours-of-subsidy-from-govt-aurobindo-pharma-gifted-electoral-bonds-to-bjp
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