Retail

Bed, Bath & Beyond stock expands slide after $60 million Cohen exit, Liquidity Crunch reports

Bed, Bath & Beyond stock expands slide after $60 million Cohen exit, Liquidity Crunch reports

Bed, Bath & More (BBBY) Shares extended declines Monday, pushing the meme stock favorite to its lowest level in three weeks, as investors continue to exit the troubled household goods retailer after last week’s $60 million sale by activist investor Ryan Cohen. Cohen’s RC Ventures sold all hits of 9.45 million shares in Bed, Bath …

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Despite fears of recession and fueled by 'revenge spending', Americans spend $314 a month on impulse purchases

Despite fears of recession and fueled by ‘revenge spending’, Americans spend $314 a month on impulse purchases

Pandemic store changes fueled impulse purchases Certainly, the pandemic has changed the way people spend money. “Consumers abandoned ingrained shopping habits, driving e-commerce into a hyperdrive,” according to an analysis by McKinsey & Company. Americans spend more on clothing, travel and experiences, the report said, and are now conditioned “to believe they can get what …

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Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit;  stocks plummet again

Ryan Cohen cashed in on Bed Bath & Beyond stock for over $58 million in profit; stocks plummet again

Investor Ryan Cohen has confirmed that it will acquire its entire stake in retailer Bed Bath & Beyond Inc. sold for a profit of more than $58 million, and that its shares plunged for the second consecutive day in after-hours trading on Thursday. A filing with the Securities and Exchange Commission made public after markets …

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Starbucks chief of operations leaves as company eliminates role under 'reinvention'

Starbucks chief of operations leaves as company eliminates role under ‘reinvention’

Starbucks Chief Operating Officer John Culver is leaving the company after two decades from the coffee chain, as part of a restructuring that will eliminate his role. His departure comes in the midst of a wider reshuffle of executives at Starbucks. Former CEO Kevin Johnson retired earlier this year, returning Howard Schultz to the helm …

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Kohl's cuts guidance and blames inflation on lower sales from middle-income buyers

Kohl’s cuts guidance and blames inflation on lower sales from middle-income buyers

People walk near the entrance to a Kohl’s department store in Doral, Florida, on June 7, 2022. Joe Raedle | Getty Images Kohl’s cut its financial forecast for the year again on Thursday, saying its middle-income customers were particularly pressured by higher inflation, which put a damper on sales of clothing, shoes and other discretionary …

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Ivermectin among generics that failed to help COVID-19 patients avoid hospitalization, large studies show

Ivermectin among generics that failed to help COVID-19 patients avoid hospitalization, large studies show

A new study found that three generic drugs — fluvoxamine, commonly prescribed to treat depression, the controversial antimalarial drug ivermectin and the diabetes pill metformin — failed to prevent the kind of severe COVID-19 that leads to emergency room visits or hospitalization. The study, published Wednesday in The New England Journal of Medicine, examined whether …

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Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares plunged Wednesday during prolonged trading after activist investor Ryan Cohen said he plans to sell his entire stake in the retailer through his firm RC Ventures. According to a Form 144 filed with the Securities …

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Wall St Drops as Growth Stocks Shift, Target Weighs on Retail Stocks

Wall St Drops as Growth Stocks Shift, Target Weighs on Retail Stocks

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, Aug. 15, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register US retail sales flat in July; core sales up Retailer Target’s quarterly profit slumps Indices down: Dow 0.80%, S&P 1.07%, Nasdaq 1.66% Aug 17 …

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