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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.
Best-Performing Stocks for the Quarter: Q1′s winning stocks are a surprising list of more than just Nvidia and AI names.
morningstar.com/stocks/best-performing-stocks-quarter
3 Stocks to Sell for 2Q 2024: These stocks look significantly overpriced, according to Morningstar’s metrics.
morningstar.com/stocks/3-stocks-sell-2q-2024-2
Going the extra mile: Malaysian woman travels '350km from KL to Singapore' to try Wingstop
asiaone.com/lifestyle/going-extra-mile-malaysian-woman-travels-350km-kl-singapore-try-wingstop
New American chicken restaurant to open at Central Milton Keynes: It will open in the former Burger King unit
northamptonchron.co.uk/news/people/new-american-chicken-restaurant-to-open-at-central-milton-keynes-4585979
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Wingstop, Bam’s Crabs, Freshido and other restaurant openings on the horizon: There are a lot of new places to eat coming this spring and summer around central ...
pennlive.com/life/2024/04/wingstop-bams-crabs-freshido-and-other-restaurant-openings-on-the-horizon.html
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Popeyes vs. Wingstop—how the chicken sandwich wars led to the chicken wing war: The most high-stakes wing war is occurring between Popeyes and Wingstop ...
adage.com/article/marketing-news-strategy/popeyes-vs-wingstop-inside-chicken-wing-war-marketing-strategies/2552446
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3 Stocks to Sell for 2Q 2024: These stocks look significantly overpriced, according to Morningstar’s metrics.
morningstar.com/stocks/3-stocks-sell-2q-2024-2
Suspect arrested in shooting death of man who entered Sacramento Wingstop with a gunshot wound
sacbee.com/news/local/crime/article287436485.html
Ocado Retail sales rise as sharper prices win more customers: British online supermarket Ocado Retail said a focus on sharper prices helped it win more customers ...
reuters.com/business/retail-consumer/ocado-retail-quarterly-sales-up-106-it-wins-more-customers-2024-03-26/
Wingstop to move headquarters from Addison to Dallas: Wingstop plans to move its headquarters south from Addison to Dallas' One West Village building along ...
dallasnews.com/business/real-estate/2024/03/28/wingstop-to-move-headquarters-from-addison-to-dallas/
Walmart wants more wealthy shoppers: The retail giant is making renovations to its sales floors and its assortment of brands
qz.com/walmart-wealthy-shoppers-1851355757
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How Wingstop stock grew 380% in 5 years: Wingstop has been able to excel in the unique category the fast food chicken wing chain has carved for itself ...
businessinsider.com/wingstop-stock-growth-380-percent-5-years-chicken-wings-restaurant-2024-3
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Wingstop bringing a restaurant to Dauphin County: It's the second Wingstop projected to open in the Harrisburg area.
pennlive.com/life/2024/03/wingstop-bringing-a-restaurant-to-dauphin-county.html
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Wingstop (WING) Stock Surges; Analyst Danilo Gargiulo Says Not Too Late to Buy: Americans’ hunger for chicken wings is unstoppable. That’s sent Wingstop Inc ...
bloomberg.com/news/articles/2024-02-14/wingstop-wing-stock-is-on-fire-analyst-says-it-s-not-too-late-to-buy
Wingstop to open first Harrisburg-area restaurant : The wing chain also operates restaurants regionally in York and Lancaster counties.
pennlive.com/life/2024/02/wingstop-to-open-first-harrisburg-area-restaurant.html
Wingstop's chicken sandwich attracts richer Gen Z, millennial diners: Wingstop's chicken sandwiches are bringing in new diners who "look a little bit different" ...
businessinsider.com/wingstop-chicken-sandwiches-attract-wealthier-millennial-gen-z-diners-food-2024-2
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Hysterics as Couple Uses Corporate Language During Fight: 'Prompt Response': "I am writing to inform you that I will be picking up some provisions (Wingstop) ...
newsweek.com/couple-speak-corporate-email-when-fighting-1876426
Hyatt Buy Points 20% Discount Through April 9, 2023: World of Hyatt members can buy points at 20% off through April 9, 2024.
loyaltylobby.com/2024/02/20/hyatt-buy-points-20-discount-through-april-9-2023/
Ford’s EV sales slip in January as Mustang Mach-E deliveries fall 50%: Ford’s EV sales fell 11% in January amid slower-than-expected demand. The Mustang Mach-E ...
electrek.co/2024/02/02/fords-ev-sales-slip-january-mach-e-deliveries-fall-50/
Hyatt Buy Points 36% Off Flash Sale: World of Hyatt members can purchase points at 36% off but only for a limited time.
loyaltylobby.com/2024/02/19/hyatt-buy-points-36-off-flash-sale/
Sacramento man dies weeks after walking into Wingstop on Florin Road with a gunshot wound
sacbee.com/news/local/crime/article287019285.html
The Warehouse Group sells sports brand Torpedo7 for $1: The Warehouse Group has sold its struggling outdoor brand Torpedo7 for $1.
rnz.co.nz/news/national/509866/the-warehouse-group-sells-sports-brand-torpedo7-for-1
Novo Nordisk Sees Profit Surging Again Amid Wegovy Rollout: Novo Nordisk A/S said sales and profit will surge again this year as it continues to roll out its ...
trib.al/ERyl69j
Quick Glance: Novo Nordisk's Value Hits $500 Billion
- Increased demand for effective anti-obesity drugs like Ozempic and Wegovy has propelled Novo Nordisk to reach a market value of over $500 billion on Wednesday, solidifying the Danish company's position as Europe's largest company by market capitalization.
- The company's value exceeds Denmark's entire GDP by over $100 billion, and the GLP-1 drugs could potentially boost sales by up to 26% this year.
- On Wednesday, Novo exceeded earnings estimates and recorded a net profit of 83.7 billion Danish kroner or around $12 billion for 2023.
- In the annual report, the company indicated that sales of its GLP-1 diabetes drugs increased by 52%, with Ozempic generating sales of 95.7 billion Danish kroner or approximately $13.9 billion, and Wegovy sales surpassing 31.3 billion Danish kroner or roughly $4.5 billion.
Wingstop: Vulnerability In A Crowded Market: Wingstop's valuation, similar to technology firms, seems unsustainable within the fast-casual sector ...
seekingalpha.com/article/4679584-wingstop-vulnerability-in-a-crowded-market
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Weight loss drugs could create the first $1 trillion pharma companies: The US accounted for 45% of sales in 2023 for Ozempic-maker Novo Nordisk
qz.com/novo-nordisk-eli-lilly-trillion-market-cap-weight-drugs-1851212150
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Zuckerberg wins on Wall Street after Washington hit: The company's shares surge as it reports a jump in users, ad sales and profits, despite Washington concerns.
bbc.com/news/business-68175778
Palworld’s Pokémon pastiche is Xbox Game Pass’ biggest-ever 3rd-party game launch | Ars Technica
arstechnica.com/gaming/2024/02/palworld-has-biggest-3rd-party-game-pass-launch-ever-as-players-near-20-million/
Quick Glance: Palworld Surpasses 19 Million Players
- Palworld officially has a larger population than 127 countries, including Senegal, Somalia, the Netherlands, and Chad.
- Including 12 million copies on Steam and 7 million players (many via Game Pass) on Xbox.
- Total number of players exceeds 19 million. Thank you for your continued support of Pocketpair!
- Palworld is the second game in history to hit over 2 million players.
Polestar stops accepting custom Polestar 2 orders because demand is too high: Polestar has temporarily shut down the ability to custom-configure a Polestar 2 ...
electrek.co/2024/02/02/polestar-stops-accepting-custom-polestar-2-orders-because-demand-is-too-high/
BYD EV sales grew nearly 50% in January as exports reached a new high: After topping Tesla in the final three months of 2023, BYD is starting the year off strong ...
electrek.co/2024/02/01/byd-ev-sales-up-48-january-exports-new-high/
Starbucks cuts sales forecast and misses market expectations amid boycotts: Despite booking record revenue the business was hit by staff walkouts and a dropping ...
news.sky.com/story/starbucks-cuts-sales-forecast-and-misses-market-expectations-amid-boycotts-13060584
Giorgia Meloni Needs Savers to Help Keep Italy Solvent: A year of big debt sales means relying even more on citizens to help out too
bloomberg.com/news/articles/2024-02-01/giorgia-meloni-needs-savers-to-help-keep-italy-solvent
Amazon Stock Jumps As Q4 Earnings Top Expectations, AWS Passes Test: Amazon stock jumped late Thursday, after the tech behemoth posted fourth-quarter earnings ...
investors.com/news/technology/amazon-stock-jumps-after-q4-earnings-top-expectations/
Quick Glance: Amazon's Holiday Season: Record Sales Jump
- E-commerce giant's sales surged 14% to $170 billion in Q4 2023.
- Amazon customers bought more items this holiday season than ever before, according to the company.
- Over 1 billion items sold during Amazon’s 11-day Black Friday and Cyber Monday sales event.
- Holiday purchases led to a 14% revenue increase to nearly $170 billion in the three months ended Dec. 31.
China’s Economic Pain Worsens as Real-Estate Sales Plummet: The country’s real-estate slowdown has dealt huge damage to the economy—and it’s getting worse.
wsj.com/world/china/chinas-manufacturing-pmi-remained-in-contraction-for-january-0235a113
Pakistan ex-PM Imran Khan sentenced to 14 years in state gifts case - Dawn: Pakistan's former Prime Minister Imran Khan and his wife Bushra Bibi have been ...
reut.rs/3HIgrMN
Quick Glance: Pakistan: Future of Ex-PM Imran Khan & PTI Party
- As the country gears up for elections, the focus is on the fate of former Prime Minister Imran Khan and his legal battles.
- Despite the military's attempts to undermine the PTI party, Imran Khan's popularity remains strong, according to Harris Khalique of the Human Rights Commission of Pakistan.
- A court sentenced Khan and his wife to 14 years in prison for corruption related to the sale of state gifts during his time as prime minister.
- Even with Khan in jail, opinion polls show the PTI party leading ahead of its main rivals, the Pakistan Muslim League (Nawaz) and the Pakistan People's Party.
Here’s why US EV, hybrid sales rose year-over-year in 2023: EVs, PHEVs, and hybrids made up 16.3% of total light-duty vehicle (LDV) sales in the US in 2023 – ...
electrek.co/2024/02/02/heres-why-us-ev-hybrid-sales-rose-year-over-year-2023/
Blue-Chip Bond Market Is Set for Another Bustling Month of Sales: A record boom in US investment-grade bond sales is set to spill into February as a comeback in ...
bloomberg.com/news/articles/2024-02-01/blue-chip-bond-market-is-set-for-another-bustling-month-of-sales
H&M appoints new CEO in surprise move as profit margin falls: H&M surprised investors on Wednesday with a new CEO, Daniel Erver, taking the role with immediate ...
reut.rs/3HGiFME
FTSE 100 Live: What's Moving UK Markets, Right Now
bloomberg.com/news/live-blog/2023-12-15/what-s-moving-uk-markets-right-now-markets-today
Why there's a basketball fan frenzy over Iowa's Caitlin Clark: The University of Iowa senior has been sparking long lines for her autograph ...
npr.org/2024/02/03/1228858826/caitlin-clark-iowa-basketball-ncaa-frenzy
Bad customer service puts $3.7 trillion in sales annually at risk: Over half of customers said they have decreased or entirely cut their spending with a company ...
qz.com/bad-customer-service-could-cost-3-trillion-in-annual-sa-1851214617
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Apple China sales lag overshadows quarterly profit, revenue beats: Apple on Thursday reported China sales that missed Wall Street targets, overshadowing overall ...
reut.rs/3OpdUL6
Home Depot Now Selling Next-Gen Starlink Dish: According to early users, the new V4 model offers more consistent higher speeds and better upload rates than the ...
uk.pcmag.com/networking/150736/home-depot-now-selling-next-gen-starlink-dish
Shack Is Back: Shake Shack’s Stock Rallies To 2-Year High: Shake Shack shares rallied more than 20% Thursday – its biggest single-day gain ever – after the ...
forbes.com/sites/dereksaul/2024/02/15/shack-is-back-shake-shacks-stock-rallies-to-2-year-high/
Man fined after being caught advertising and selling protected falcon chicks for ‘profit’
news.stv.tv/east-central/man-fined-after-being-caught-advertising-and-selling-protected-falcon-chicks-for-profit
EV sales in Britain are disappointing expectations : Pothole or roadblock?
economist.com/britain/2024/02/01/ev-sales-in-britain-are-disappointing-expectations
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Apple China sales lag overshadows quarterly profit, revenue beats: Apple (AAPL.O) on Thursday reported China sales that missed Wall Street targets ...
reuters.com/technology/apple-quarterly-profit-revenue-top-wall-street-targets-china-lags-2024-02-01/
Quick Glance: Optic ID: Apple Unveils Vision Pro's Iris Authentication
- Apple shares additional details about Optic ID, the iris authentication option for Vision Pro.
- Optic ID recognizes the uniqueness of your iris, allowing quick unlocking, Apple Pay authorization, third-party app access, and more.
- Optic ID adapts to various lighting conditions and updates your enrolled template after each successful authentication.
- For users requiring vision correction, Optic ID works with Vision Pro's ZEISS optical inserts and prescription soft contact lenses.
Turkey arrests seven suspected of selling information to Israel’s Mossad: Turkey has warned Israel of ‘serious consequences’ if it tries to hunt down Hamas ...
aljazeera.com/news/2024/2/2/turkey-arrests-seven-suspected-of-selling-information-to-israels-mossad
Downtrend on charts for Nifty FMCG, Nifty Pharma: Check key levels: The Nifty FMCG Index reveals a near-term downtrend on charts, with a support level expected ...
business-standard.com/markets/news/downtrend-on-charts-for-nifty-fmcg-nifty-pharma-check-key-levels-124020200077_1.html
Telegram Is a 'Scammer's Paradise' Thanks to Cheap Phishing Tools: On Telegram, malicious actors are selling all the tools needed to run a phishing scam ...
uk.pcmag.com/security/150684/telegram-is-a-scammers-paradise-thanks-to-cheap-phishing-tools
The US Is Selling Its Helium. Here’s What It Means for Balloons and MRIs: Health care and semiconductor companies urged the White House to delay the auction of ...
nytimes.com/2024/02/02/science/helium-reserves-sales-shortage.html
Machu Picchu tourism suffering after week of protests against new ticketing system
apnews.com/article/machu-picchu-protests-peru-ruins-a7928a169e70ff81a0794179cf7942d0
Quick Glance: Protests Impact Machu Picchu Tourism
- Tourism in Machu Picchu is suffering due to a week-long protest against the outsourcing of entry ticket sales to a private company.
- Small businesses and workers fear the new ticketing system will benefit big companies, slowing visitor arrivals to a trickle.
- The protests have resulted in a near-empty district, with only two tourists and cautionary advisories from several countries.
- Several countries have advised their citizens to be cautious if planning to visit Machu Picchu due to potential transport disruptions and shortages.
Condom maker Church & Dwight sees bullish 2024 sales on resilient demand: Church & Dwight (CHD.N) projected its annual net sales forecast above market estimates ...
reuters.com/business/retail-consumer/condom-maker-church-dwight-sees-bullish-2024-sales-resilient-demand-2024-02-02/
Starbucks' growth is cooling, and competition is heating up: Competing chains like Dutch Bros. are finally starting to take real sips out of Americas' biggest ...
qz.com/starbucks-growth-dutch-bros-competition-coffee-2023-1851217342
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Peloton Predicts Another Sales Decline as College Push Fizzles: Peloton Interactive Inc. shares tumbled after the company said it expects to record another sales ...
trib.al/vEUPTUx
H&M's top leader steps down in surprise move as earnings disappoint: H&M’s top executive has unexpectedly stepped down and the company’s stock plunged as the ...
abcnews.go.com/Business/wireStory/hms-top-leader-steps-surprise-move-earnings-disappoint-106823127
Merck Jumps Within A Buy Zone On Its Surprise Profit, Keytruda Strength: Merck reported a surprise profit and beat fourth-quarter sales expectations Thursday ...
investors.com/news/technology/merck-stock-merck-reports-a-surprise-profit-as-keytruda-sales-continue-on-their-warpath/
Peru gives in to protesters in Machu Picchu and rescinds ticket sales contract with private firm
abcnews.go.com/Travel/wireStory/peru-protesters-machu-picchu-rescinds-ticket-sales-contract-106847245
Georgia will sell beer at Sanford Stadium games next season: Georgia is the last of the 14 SEC schools to introduce beer sales at their football games.
ajc.com/sports/georgia-bulldogs/georgia-football-will-sell-beer-at-sanford-stadium-games-next-season/SLV7CSIOE5ESRF2CI3QXKWIHMU/
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown: When Tony Le set out with his wife to buy a new car last year, he looked at Tesla ...
reut.rs/49iOruV
Pakistan ex-PM Imran Khan, wife get 7 years in prison for unlawful marriage - News | Khaleej Times
khaleejtimes.com/world/asia/pakistan-ex-pm-imran-khan-wife-get-7-years-for-unlawful-marriage
Quick Glance: Imran Khan and Bushra Bibi: Jail for Illegal Marriage
- Imran Khan and Bushra Bibi posted bail in July
- Court ruling: Khan's marriage with Bushra Bibi un-Islamic and illegal
- Khan, 71, claims political motivation behind the charges
- New court set up in Adiala Jail for the latest case
LVMH takes aim at $30 billion watch market with high-end, reinvented pieces: The luxury giant now has 10 watch brands, including TAG Heuer, Hublot and Zenith.
cnbc.com/2024/02/03/lvmh-luxury-watches-at-watch-week-in-miami.html
Facebook parent Meta declares first dividend, shares soar: Meta Platforms issued its first dividend days ahead of flagship social network Facebook's 20th ...
reut.rs/3u78lu4
Microsoft beats Q2 revenue estimates on cloud strength: Microsoft Corp (MSFT.O) beat Wall Street estimates for fiscal second-quarter revenue on Tuesday ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-01-30/
Quick Glance: Microsoft Reports Outstanding Results and AI Growth
- Massive investment in AI technology, 53,000 Azure customers, and 30% revenue growth in Azure and other cloud services.
- Significant revenue growth in Intelligent Cloud and Productivity & Business Processes, while device revenues declined.
- Microsoft's stock price increased by 65% since March 2023.
- Expectations for a big year in 2024 as AI technology investments must start paying off.
Sasbadi’s sales poised to pick up in the coming quarters: After a soft start in the first quarter of financial year 2024 (1Q24), Sasbadi Holdings Bhd is poised ...
thestar.com.my/business/business-news/2024/02/02/sasbadis-sales-poised-to-pick-up-in-the-coming-quarters
Panasonic's battery unit sees Q3 profit rise on stronger North America sales
reuters.com/technology/panasonics-battery-unit-maintains-annual-profit-forecast-785-mln-2024-02-02/
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