Jessica Berman, commissioner of the National Women’s Soccer League, speaks during a panel on women’s professional soccer at the Hilton Anatole in Dallas on Feb. 10, 2024. Omar Vega | Getty Images Sport | Getty Images At 16 years old, Jessica Berman was one of those rare teenagers who knew exactly what she wanted to … Read more
A Currys Plc store on Oxford Street in central London, UK, on Monday, Feb. 19, 2024. Bloomberg | Bloomberg | Getty Images LONDON — Elliott Investment Management said Monday it had decided not to make another takeover bid for British electrical retailer Currys after repeatedly being rejected. Shares of Currys were down 10% in early … Read more
A Portillo’s Beef Bus in Kissimmee, Florida. Source: Portillo’s When Chicago-based Portillo’s enters a new market, it sends its “Beef Bus” ahead of time, slinging its hot dogs and Italian beef sandwiches to new customers for weeks, introducing them to the brand and whetting their appetites before a new restaurant finally opens. Recently, the Beef … Read more
Doug McMillon, chief executive officer of Walmart Inc., left, and Satya Nadella, chief executive officer of Microsoft Corp., during the 2024 CES event in Las Vegas, Nevada, US, on Tuesday, Jan. 9, 2024. Bloomberg | Bloomberg | Getty Images Planning purchases for a special occasion like recent Super Bowl parties or Valentine’s Day celebrations might … Read more
Wall Street ended the week lower, despite the S & P 500 notching an all-time closing high Thursday and the Nasdaq Composite hitting an intraday record Friday before dropping more than 1% in the session. The Dow Jones Industrial Average registered its worst week since October, falling 0.93%. The S & P 500 and tech-heavy … Read more
It’s been three decades since the Sony PlayStation first brought to life some of the video game industry’s most beloved franchises. Sony Interactive Entertainment president and CEO Jim Ryan is set to retire in March 2024. His tenure began in 1994, the same year the PlayStation launched in Japan. The gaming console expanded into the … Read more
Costco Wholesale reported solid fiscal 2024 second-quarter results after Thursday’s closing bell, but the stock fell in extended trading due to a slight miss on sales and margins. Given their recent run-up, we would expect that pressure on shares to continue Friday. However, the quarter wasn’t thesis-changing to the powerful Costco business model that excels … Read more
A general view of an Old Navy store. Gap Inc. Gap’s largest banner Old Navy returned to growth for the first time in more than a year during its holiday quarter as the retailer delivered earnings on Thursday that came in well ahead of Wall Street’s expectations. Sales at Old Navy grew 6% to $2.29 … Read more
Mandel Ngan | Afp | Getty Images Costco on Thursday missed Wall Street’s revenue expectations for its holiday quarter, despite reporting year-over-year sales growth and strong e-commerce gains. Shares of the retailer fell about 4% in aftermarket trading. The retailer’s stock had hit a 52-week high earlier in the day. The company offered few details … Read more
As retailers compete for grocery shoppers, some of the big names in the business have zeroed in on the same strategy: get deliveries to customers’ doors quickly. This week, Target announced a new paid membership program with free same-day home deliveries as a key perk. Walmart expanded its same-day delivery offering to allow shoppers to … Read more
