household goods

The Class of 2023 is getting ready to enter a job market that is suddenly less eager to hire new grads.Many employers are taking a go-slow approach to employing graduating seniors this year, college career offices say. The cautiousness marks a sharp reversal from the past two years, when companies often made offers barely weeks after school began and staged bidding wars over interns and graduating seniors.  Some of the companies that have laid off thousands of workers in recent months—including…

Bed Bath & Beyond Inc. said on Tuesday it has reached a new agreement with investors that will allow the distressed retailer to get another $100 million in funding, even though its share price has sunk.  The agreement with hedge fund Hudson Bay Capital Management LP reduces the share-price threshold the retailer needs to maintain as part of an equity offering deal to $1 from $1.25 until April 3, the company said. The... Bed Bath & Beyond Inc. said on Tuesday it has reached a new…

Home goods retailer Bed Bath & Beyond Inc. said it raised an additional $135 million from a public equity offering announced in February. The latest capital raise is part of the equity offering the Union, N.J.-based company unveiled last month, which helped pull it back from the brink of bankruptcy. As of Tuesday, the retailer had raised a total of $360 million from the equity offering, including the initial $225 million it received in February, the company said. The... Home goods retailer…

Consumers pulled back on purchases of apparel and electronics in recent months while continuing to spend on groceries and other necessities, according to some of the largest U.S. retailers. Department-store chain Macy’s Inc. M 7.49% on Thursday said sales were down 4.6% in the fourth quarter, as people spent less online and in stores. Macy’s has said that the days around Christmas were a bright spot in an otherwise underwhelming holiday season as it burned off inventory.…

Wayfair Inc. lost five million customers in 2022, shrinking the online furniture retailer’s shopper count to near its size before the Covid-19 pandemic triggered a consumer-spending surge. Revenue at the Boston-based company slid 4.6% in the final three months of last year from a year earlier to $3.1 billion, for a net loss of $351 million. Wayfair is trying to stem significant losses as consumers spend more on food and services and turn away…

Home Depot Inc. forecast a drop in profit this year on flat sales as consumers spend less on goods and become more sensitive to higher prices. The home-improvement chain said Tuesday that it expects adjusted per-share earnings to decline at a mid-single-digit rate for 2023, with margins affected in part by an additional $1 billion that Home Depot said it would invest into wage increases for its hourly employees. Home Depot Inc. forecast a drop in profit this year on flat sales as…

Alarmed by the retailer’s deteriorating finances, banks in January had cut off their credit lines and pushed for the company to start a liquidation, including selling off inventory, to repay their loans, said people familiar with the matter. Ms. Gove, Bed Bath & Beyond’s chief executive, and her team sought a delay. They told the lenders they needed more time to set up bank accounts to make payroll in bankruptcy, the people said. They also were seeking a lifeline. Watching the drama from his home office in…

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…

Thank you all for coming on such short notice. Let’s jump right into it.When Reynolds American Inc. was preparing to update staff on its restructuring plans in January, it scrapped plans for a 90-minute town hall meeting. Instead, it posted a 10-minute video for employees to watch. Meetings are the new corporate hobgoblin. Executives at Shopify Inc., Wayfair Inc. and other firms say overstuffed calendars—partly a symptom of more remote work that crimped quick, serendipitous…