After he held the office for a little less than a year, Belk announced that CEO Nir Patel has left the company to pursue other interests and that president Don Hendricks has been appointed interim CEO. As president and COO, Hendricks has been instrumental in leading...
The fourth quarter saw Rite Aid Corp. take a bigger-than-expected loss, although revenues edged out a Wall Street estimate. Rite Aid posted a net loss from continuing operations in the quarter of $389.1 million, or $7.18 per diluted share, versus a loss from...
In his first shareholder letter as Amazon president and CEO, Andy Jassy stated that a new world with a bigger role had opened up for the company during the COVID-19 pandemic and Amazon is evolving to meet the challenges and opportunities of the times. In assessing the...
As the retail world tries to settle down into a post-pandemic world, not that COVID-19 is cooperating with the newest Omicron variant prompting reconsideration of masking rules in some places, a number of retailers saw major gains in first quarter foot traffic,...
A survey by management consultants Consumer and Retail Group indicates consumers contacted in February and March were slightly more optimistic in their outlook than those surveyed in fall 2021, but overall sentiment regarding prospects remains cautious. CRG noted that...
