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Tag: backs

Google backs O2O fashion commerce platform Fynd, Retail News, ET Retail

Search giant Google is leading a Series C funding round into online-to-offline fashion e-commerce platform Fynd. This is the second direct investment by Google into an Indian startup after leading a $12 million funding in hyper-local concierge and delivery player Dunzo in December last year. The round also saw participation from Kae Capital, IIFL, Singularity …

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Best Buy backs CEO after review into misconduct allegations

Get great content like this right in your inbox. Subscribe Corie Barry Best Buy chief executive Corie Barry is staying put. The retailer’s board of directors announced that it has concluded its investigation into an anonymous allegation that Barry, prior to her becoming CEO, had a inappropriate relationship with a former Best Buy executive. In …

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Best Buy backs CEO after review into misconduct allegations

Get great content like this right in your inbox. Subscribe Corie Barry Best Buy chief executive Corie Barry is staying put. The retailer’s board of directors announced that it has concluded its investigation into an anonymous allegation that Barry, prior to her becoming CEO, had a inappropriate relationship with a former Best Buy executive. In …

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Best Buy board backs CEO Barry after investigation into alleged relationship

Corie Barry, chief executive officer of Best Buy Co., in Washington, D.C., Oct. 23, 2019. Sarah Silbiger | Bloomberg | Getty Images Best Buy on Tuesday backed CEO Corie Barry after the retailer’s board investigated the chief executive over allegations of an inappropriate romantic relationship. “The Board takes allegations of misconduct seriously regardless of who is …

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Five Below plummets, and technician backs competitor stock as buy

Five Below had a chilling day to begin the week. The discount retailer plummeted 11% on Monday in its worst performance since 2015. Ari Wald, head of technical analysis at Oppenheimer, says the discount retail space looks weak here, but there is one name he’d bet on. “The group as a whole has really been …

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Domino’s Pizza backs long-term sales outlook despite higher food costs

A Domino’s employee preparing a pizza. Getty Images Domino’s Pizza reaffirmed its long-term outlook on Tuesday, as it enters fiscal 2020 facing headwinds from higher food costs, foreign exchange and competition from third-party delivery services.  Shares of Domino’s, which has a market value of $11.7 billion, were trading up less than 1% in afternoon trading. …

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Walmart backs adoption of new U.S.-Mexico-Canada trade agreement

Get great content like this right in your inbox. Subscribe The U.S.-Mexico-Canada Agreement (USMCA) has gained another prominent supporter from the retail sector. Discount giant Walmart is publicly asking Congress to approve the USMCA. The agreement is designed to modernize the North American Free Trade Agreement (NAFTA), which was ratified in 1994 and eases the …

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