In what it termed a move to accelerate its health strategy, CVS Health announced that it would develop new retail concepts, close 900 stores and replace Neela Montgomery, evp and president of CVS Retail/Pharmacy. Prem Shah will take the newly created role of chief...
As consumers changed their shopping patterns in a market less threatened by COVID-19, Wayfair took a step back in both revenues and earnings during the third quarter, although profits did beat a Wall Street estimate. Net loss was $78 million, or 75 cents per diluted...
Wayfair sales and earnings slipped in the second quarter, but the e-tailer pointed out that the recent results were stronger than in the pre-pandemic period in 2019. Wayfair net income was $130.4 million, or $1.14 per diluted share, versus $273.9 million, or $2.54 per...
