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Target’s Mark Tritton will become Bed Bath & Beyond’s new president and CEO effective Nov. 4. at CNBC. “Shares of Bed Bath & Beyond spiked more than 21% in extended trading on Wednesday.” Read more …Target said it will not search for a new chief merchant at this time. Instead, two current executives […]
Lidl will offer medical benefits to all 1,200 of its part-time US employees at CNBC. “We want our team to have the peace of mind knowing they have healthcare coverage,” said Lidl U.S. Chairman Roman Heini in a statement.” Read more Rent the Runway back up after operational glitch at Reuters. “The issue […]
Company making Costco pajamas flagged for forced labor by Martha Mendoza at AP. “In an interview with the AP, Costco officials said “we believe (the baby sleepers) were made in a factory other than the one that was the subject of the CBP detention order. As the facts develop, we’re prepared to consider what […]
US adds modest 136,000 jobs, lowering unemployment to 3.5% at AP. “All told, the September jobs report is likely to keep the Federal Reserve on track to cut rates later this month for the third time this year to try to help sustain the expansion.” Read more Costco Q4 comp sales +5.1% / […]
Bed Bath & Beyond Q2 comp sales -6.7% Press release …Bed Bath & Beyond increases projected store closures to 60 by Kelly Tyko at USA Today. “…up 20 from the April estimate of 40 stores…Forty of the stores closing will be Bed Bath & Beyond stores and 20 will be stores in the […]
Amazon is in talks to bring its cashierless Go technology to airports and movie theaters at CNBC. “The company has been in talks to bring Go equipment into OTG’s CIBO Express stores at airports and Cineworld’s Regal theaters, one of the people said. Another person said Amazon is looking at concession stands in baseball […]
Fortune’s Most Powerful Women 2019 (McKenna #15, Barry #18, Campbell #20) Top 50 list Forever 21 fashion chain files for Chapter 11 bankruptcy at AP. “…it will close up to 178 stores in the U.S. As of the bankruptcy filing, the company operated about 800 stores globally, including more than 500 stores in […]
Sam’s Club launches health care pilot to members at AP. “Starting next month, Sam’s Club members in Michigan, Pennsylvania and North Carolina will be able to buy bundles of health care services that include discounted dental care, free prescriptions for certain generic medications, and telehealth consultations. Fees range from $50 for individuals to $240 […]
