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Tag: jumps

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocket

A customer arrives at a Darden Restaurants Inc. Olive Garden location in San Antonio, Texas, U.S., on Thursday, June 14, 2018. Callaghan O’Hare | Bloomberg | Getty Images Darden Restaurants said Tuesday that it is furloughing some restaurant support center employees and slashing executive pay as same-store sales plummet 39% so far in the fiscal fourth …

Darden stock jumps as Olive Garden parent cuts executive pay, to-go sales skyrocketRead More

Clothing retailer Express to close 100 stores by 2022, stock jumps

Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017. Mark Kauziarich | Bloomberg | Getty Images Clothing retailer Express said Wednesday it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three …

Clothing retailer Express to close 100 stores by 2022, stock jumpsRead More

Target innovation chief jumps to CPG company

Minsok Pak has quietly left Target Corp. after two years in a C-level role overseeing strategy and innovation. Pak, who joined Target in September 2017 as executive VP and chief strategy and innovation officer, has taken the position of executive VP, chief strategy and transformation officer of Mondelēz International, Inc. Mondelēz provides snack brands in …

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Peloton jumps 9% on report of new rowing machine and cheaper treadmill

John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton jumped nearly 9% before the closing bell Wednesday following …

Peloton jumps 9% on report of new rowing machine and cheaper treadmillRead More

Wendy’s stock jumps on plans for nationwide breakfast, European expansion

A drive-thru window of a Wendy’s restaurant in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images Wendy’s on Friday shared more detail about its plan to launch breakfast nationwide, add new products and expand in Europe at its investor day. It also teased its unreleased third-quarter financial results. Wendy’s CEO Todd Penegor reported North …

Wendy’s stock jumps on plans for nationwide breakfast, European expansionRead More

Executive shift at Target as chief merchant jumps to Bed Bath & Beyond

Target Corp. is losing the executive who overhauled its private-label business. Mark J. Tritton, who has served as executive VP and chief merchandising officer of Target since 2016, is joining Bed Bath & Beyond as president and CEO effective Nov. 4, 2019 Tritton was instrumental in building Target’s private-label strategy, reviving the company’s existing brands …

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