Nordstrom reportedly trying to go private

Nordstrom reportedly trying to go private

Shoppers exit the Nordstrom at the Westfield Topanga mall in Canoga Park, California, on Aug. 14, 2023. Christina House | Los Angeles Times | Getty Images Nordstrom shares jumped more than 10% on Tuesday following a report that the department store chain is attempting to go private. The retailer’s founding family is working with Morgan … Read more

Unilever to split off its ice cream unit including Ben & Jerry’s; shares pop 5%

Unilever to split off its ice cream unit including Ben & Jerry’s; shares pop 5%

Ben & Jerry’s ice cream on May 24, 2022. Nurphoto | Nurphoto | Getty Images Shares of consumer goods giant Unilever rose more than 5% Tuesday after the company announced plans to separate its ice cream unit, which includes Ben & Jerry’s and Magnum, as part of a restructuring that will impact 7,500 jobs. “The … Read more

Women’s sports executives weigh in on parity, media and NIL

Women’s sports executives weigh in on parity, media and NIL

Guard Caitlin Clark #22 of the Iowa Hawkeyes listens as the crowd cheers after breaking the NCAA women’s all-time scoring record during the game against the Michigan Wolverines at Carver-Hawkeye Arena on February 15, 2024 in Iowa City, Iowa.  Matthew Holst | Getty Images Women’s sports reached an inflection point in 2023, propelled by major … Read more

Outdoor Voices’ layoffs via Slack ‘lack basic empathy,’ says expert

Outdoor Voices’ layoffs via Slack ‘lack basic empathy,’ says expert

Athletic apparel brand Outdoor Voices is just the latest in a long line of companies to conduct mass layoffs — and “totally mishandle” them, says a leadership expert. Employees were notified on Wednesday, via an internal Slack message, that the company was closing all 16 of their brick and mortar stores, “embarking on a new … Read more

Wall Street not happy that Kevin Plank returning as Under Armour’s CEO

Wall Street not happy that Kevin Plank returning as Under Armour’s CEO

The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images Wall Street is not pleased that Under Armour‘s founder Kevin Plank is returning as its CEO.  Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late Wednesday that … Read more

Home Depot to open distribution centers in home professional push

Home Depot to open distribution centers in home professional push

Home Depot said Thursday that it will open four new distribution centers as it chases more sales from remodelers, contractors and other home professionals.  The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. The facilities make room for the bulky size, … Read more

Dick’s Sporting Goods (DKS) earnings Q4 2023

Dick’s Sporting Goods (DKS) earnings Q4 2023

Dick’s Sporting Goods logo is seen on the shop in Williston, United States on June 19, 2023.  Jakub Porzycki | Nurphoto | Getty Images Dick’s Sporting Goods raised its dividend by 10% on Thursday as the company posted its largest sales quarter in its history and projected another year of growth. Many retailers benefited from … Read more

Kevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair

Kevin Plank returns as Under Armour CEO, Mohamed El-Erian named board chair

Kevin Plank, now former CEO of Under Armour, during a CNBC interview on Mad Money on Feb. 28th, 2018. Scott Mlyn | CNBC Under Armour announced on Wednesday that CEO Stephanie Linnartz is stepping down from her role just over a year after she started, and founder Kevin Plank will return as the brand’s chief … Read more

Zara owner Inditex climbs to all-time high as 2023 sales jump 10%

Zara owner Inditex climbs to all-time high as 2023 sales jump 10%

Shopper carrying two large shopping bags from the clothing retailer Zara on Oxford Street on 5th February 2024 in London, United Kingdom. Oxford Street is a major retail centre in the West End of the capital and is Europes busiest shopping street with around half a million daily visitors to its approximately 300 shops, the … Read more

Petco CEO Ron Coughlin steps down

Petco CEO Ron Coughlin steps down

Ron Coughlin, chief executive officer of Petco Animal Supplies Inc., outside the Nasdaq MarketSite during Petco Health & Wellness Co. initial public offering (IPO) in New York, Jan. 14, 2021. Michael Nagle | Bloomberg | Getty Images Petco announced Wednesday that its CEO, Ron Coughlin, is stepping down, and said board member and Best Buy … Read more