Day

April 27, 2020
Investors are challenging Neiman Marcus Group’s bankruptcy plans, according to a report from Reuters. According to the media outlet, an investor group consisting of hedge fund Third Point LLC and investment firm Mudrick Capital Management LP wants Neiman Marcus to sell itself, rather than to move forward with the $600 million financing package it has lined...
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HERZOGENAURACH, Germany — Adidas reported a 93 percent plunge in first-quarter profit and sales off 19 percent, missing forecasts, and warned of a deeper hit to second-quarter revenue as lockdowns forced the German sportswear maker and other retailers to close stores. First-quarter operating profit fell to €65 million ($69.52 million), well short of the €263...
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It is no surprise that the uncertainty of COVID-19 poses a series of unprecedented obstacles and business challenges that all industries will have to face in the months to come. While many of us have not dealt with a situation quite like this before, there are learnings we can pull from the past to inform...
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On a top-line basis, Target is clearly performing well. The company noted that it has gained market share across all of its core merchandise categories. However, the retailer is also taking on significant incremental costs, as changes in its supply chain to cope with the surge in digital sales and higher wages and bonuses for...
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