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Tag: shares

DoorDash shares commissary kitchen with more restaurants

DoorDash Kitchens is adding two new quick-service food retailers looking to expand their operations. Launched in October 2019 and located in Redwood City, Calif., DoorDash Kitchens is a to-go-only shared commissary kitchen concept that enables local and national restaurants to offer delivery, pickup, and group order options to consumers in the California Peninsula area. Two …

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Stitch Fix shares are tanking, biz could be near ‘saturation point’

Katrina Lake, founder and chief executive officer of Stitch Fix Inc. Patrick T. Fallon | Bloomberg | Getty Images Stitch Fix shares are cratering as Wall Street questions the longevity of a business that ships customers clothes on a fixed basis, using data science to curate outfits they might like. Its stock was last down …

Stitch Fix shares are tanking, biz could be near ‘saturation point’Read More

Walmart’s shares up as coronavirus rattles Wall Street

A worker walks past the Pharmacy in a Walmart store in Chicago. John Gress/Corbis via Getty Images As coronavirus concerns rattle Wall Street, Walmart‘s stock is going in the other direction. Its share price rose about 2%. The upward trend may indicate that Wall Street is betting on Walmart to benefit from shoppers’ stockpiling and …

Walmart’s shares up as coronavirus rattles Wall StreetRead More

Shares of Groupon fall over 20% after fourth-quarter earnings and revenue miss estimates

Groupon Inc. signage is displayed at company headquarters in Chicago, Illinois Tim Boyle | Bloomberg | Getty Images Shares of Groupon dropped 25% during extended trading Tuesday after the company reported fourth-quarter financial results that missed analyst expectations for the top and bottom line. The e-commerce company reported fourth-quarter earnings of 7 cents per share excluding …

Shares of Groupon fall over 20% after fourth-quarter earnings and revenue miss estimatesRead More

MGM Resorts CEO Jim Murren is stepping down, shares jump

MGM Resorts International chairman and CEO Jim Murren has told the company’s board that he is stepping down, prior to his contract ending, the company announced Wednesday. He will serve in his role until a successor is appointed, it said. Murren has been CEO since 2008, and he has been with the casino operator since …

MGM Resorts CEO Jim Murren is stepping down, shares jumpRead More

Victoria’s Secret parent L Brands shares rise on Barclays upgrade

Barclays is betting “change is afoot” at Victoria’s Secret’s parent company L Brands. The investment bank on Thursday upgraded L Brands shares to overweight from underweight, and gave the retailer’s stock a new price target of $30, double its previous target of $15. L Brands shares were recently up more than 4%, trading around $20.60. …

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Shopping centre owner Intu’s shares fall as it aims to raise up to £1bn | Business

Shares in Intu fell sharply after the indebted shopping centre owner confirmed it would push ahead with a cash call thought to be worth as much as £1bn. Intu, which owns shopping centres including the Trafford Centre in Manchester and Lakeside in Essex, said that it attempt to tap investors for funds alongside its full-year …

Shopping centre owner Intu’s shares fall as it aims to raise up to £1bn | BusinessRead More

Jeff Bezos shares insights on taking risks for a venture, says Amazon ‘best place to fail’, Retail News, ET Retail

NEW DELHI: Jeff Bezos, the world’s richest man, on Wednesday shared with Indian small and medium businesses his insights on taking risks to start a company, besides talking about his plans for space venture and how Amazon was the best place in the world to fail. “Amazon is the best place in the world to …

Jeff Bezos shares insights on taking risks for a venture, says Amazon ‘best place to fail’, Retail News, ET RetailRead More

Bed Bath & Beyond shares tank, CEO calls earnings results ‘unsatisfactory’

Shoppers enter a building housing a Bed Bath & Beyond Inc. store in New York. Mark Kauzlarich | Bloomberg | Getty Images Bed Bath & Beyond shares tanked 19% in regular trading Thursday after the retailer withdrew its fiscal 2019 outlook in after-hours trading on Wednesday. The company said that it would reveal its strategic …

Bed Bath & Beyond shares tank, CEO calls earnings results ‘unsatisfactory’Read More

Kohl’s shares tank on dismal holiday sales results, lowered outlook

Kohl’s said same-store sales during November and December fell 0.2% due to weakness in its core women’s apparel business, leading it to temper expectations for the year. Based on the dismal holiday performance, Kohl’s said in a press release that it is now calling for fiscal 2019 diluted earnings per share to be at the …

Kohl’s shares tank on dismal holiday sales results, lowered outlookRead More