Coverage: Panera rises after earnings beat expectations
Restaurant chain Panera Bread reported Tuesday that its fourth-quarter earnings that topped expectations, sending its stock price higher. Tony Owusu of TheStreet.com had the news: The St. Louis-based company reported fourth quarter net income of $2.05 a share, an increase of 6% over the previous year, ahead of Wall Street’s consensus expectation of $2 a share. […]
Coverage: Tiffany CEO is out less than two years in the spot
Tiffany & Co. abruptly replaced Chief Executive Officer Frederic Cumenal after disappointing financial results, just before the jewelry chain launched a new campaign with the first Super Bowl ad in its history. Stephanie Hoi-Nga Wong of Bloomberg News had the story: Cumenal, 57, who had run the company since April 2015, will be immediately succeeded on an […]
S&P Global hires Williams as retail reporter
Claire Williams, who had been covering the agriculture industry for the Arkansas Democrat-Gazette, has been hired by S&P Global Markets to cover retail. Her last day at the Little Rock paper was Jan. 27. She starts at S&P Global on Feb. 13. The retail beat is new for S&P Global and is part of its editorial […]
Coverage: Ralph Lauren CEO out after short stint
Shares of clothing company Ralph Lauren fell by 10 percent on Thursday after it announced that its CEO would be leaving the company after slightly more than a year in the position due to conflicts with the company founder. Mike Snider of USA Today had the news: Stefan Larsson, the former global president of Old Navy, in […]
Coverage: Under Armour’s stock drops after earnings strike out
Sports apparel company Under Armour saw its stock drop by more than 25 percent on Tuesday after the company broke a string of 20-percent revenue growth quarters and posted just 12 percent growth for the fourth quarter. Krystina Gustafson of CNBC.com had the news: Heavy promotions, high inventory levels and the ripple effects of Sports Authority’s […]
Coverage: Bob Evans sells restaurants as activist investor wins
Bob Evans Restaurants, which has 523 locations across the country, agreed to sell its restaurants and focus on its food distribution business, bowing to pressure from an activist investor. Chris Woodyard of USA Today has the news: Bob Evans Restaurants, based in New Albany, Ohio, will be taken private in a sale to a private equity […]
San Francisco Biz Times seeks hospitality/restaurants reporter
The San Francisco Business Times is seeking a dynamic reporter who is in journalism for the thrill that comes with breaking business news daily, owning a beat and the satisfaction of writing meaningful enterprise and people-focused features. Interested candidates should send a résumé and selected clips to Editor Patrick Chu at pchu@bizjournals.com. The selected reporter will […]
Coverage: Sears sells Craftsman to Stanley Black & Decker
Struggling department store chain Sears Holding agreed to sell its tool brand Craftsman to Stanley Black & Decker in a bid to raise cash and stave off a bankruptcy court protection filing. Michael de la Merced of the New York Times has the news: But the response from Stanley Black & Decker’s chief executive, James M. […]
Coverage: Macy’s to close 68 stores, cut 10,000 jobs
In another sign of the rapidly changing retail business, department store chain Macy’s Inc. said Wednesday that it would close 68 locations across the country and lop 10,000 jobs from its payroll. Phil Wahba of Fortune had the news: The retailer also announced that comparable sales, which include its booming e-commerce business and sales at stores […]
Coverage: Run-DMC says Amazon.com, Wal-Mart be illin’
A founder of rap music group Run-DMC on Thursday filed a lawsuit accusing Amazon.com Inc. and Wal-Mart Stores Inc. of selling a wide variety of clothing and accessories bearing the music group’s name without permission. Jonathan Stempel of Reuters has the news: Darryl McDaniels, the owner of Run-DMC Brand LLC, the plaintiff in the lawsuit, is […]
