CHWY

A dog sits in front of the New York Stock Exchange during Chewy Inc.'s initial public offering, June 14, 2019.Michael Nagle | Bloomberg | Getty ImagesShares of Chewy surged more than 13% in extended trading Wednesday after the pet retailer posted earnings that beat Wall Street's estimates.Here's how the digital retailer did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 5 cents, versus a loss of 4 cents a share expectedRevenue:…

Steep price increases for food and supplies are affecting Petco and Chewy. Steep price increases for food and supplies are affecting Petco and Chewy. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your…

It is unusual for activists to target companies in which a family controls so much of the stock. Mr. Cohen isn’t going after the Nordstrom family, which runs the company and owns about 30% of its shares, but rather Mr. Tritton, a Nordstrom director since April 2020 and chair of the board’s compensation committee. Ryan Cohen is agitating for cost cuts and changes to the board at Nordstrom.…

Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. JWN 5.86% and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people familiar with the matter. Mr. Cohen, who built his fortune on online pet retailer Chewy Inc., CHWY 5.06% hopes to engage with Nordstrom’s management about a…

Online pet retailer Chewy Inc. plans to open more automated fulfillment centers in 2023 to control costs and raise efficiency, which could help the company repurpose certain capital spending, its finance chief said. The Plantation, Fla.-based company, which sells equipment, food, medication and other products for pets, in 2020 opened the first of these centers in Jessup, Pa., followed by one in Belton, Mo., in 2021 and another in Reno, Nev., in August. In the coming 15 months, Chewy will open…

GameStop Corp. GME -3.07% plans to reward thousands of employees with stock and pay raises, returning focus to its bricks-and-mortar business as the company looks to become profitable under new leadership. The videogame retailer, which had pivoted last year to growing online sales, is trying to do more to motivate and retain the employees at its stores, according to a Wednesday memo to employees reviewed by The Wall Street Journal.…

Mr. Cohen, co-founder of online pet-products retailer Chewy Inc., took a large stake in Bed Bath & Beyond early this year and pushed for changes, including a sale of its Buybuy Baby chain. In March, the company reached a settlement with Mr. Cohen that included the addition of three new directors. After years of declining sales, Bed Bath & Beyond is facing an existential crisis. WSJ’s Suzanne Kapner…

Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want. Bed Bath & Beyond replaced Chief Executive Mark Tritton, as the home-goods retailer’s sales plunged due to a mismatch between what its stores carry and what shoppers want. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content,…