Tesla Calls Itself an AI, Robotics Company as Profits Plunge 55%
As profits dropped 55%, CEO Elon Musk says Tesla is about robots, AI, robotaxis, cheaper EVs, and anything that supports the Tesla ecosystem.
Source: pymnts.com
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The Body Shop Initiates U.K., Canada Store Closures, Winds Down Operations Amid Fiscal Strains
This decision follows The Body Shop International Ltd.'s recent filing for administration, a legal procedure that enables companies to reorganize or cease operations without immediately settling their debts. Read more.
Source: jobsnhire.com
Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomingdale's and Blue Mercury
Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for the year. The department store chain faces a proxy fight from Arkhouse Management which nominated a slate of nine director for election to Macy's board last week.
Source: yahoo.com
Macy's to close 150 stores as sales slip as it pivots to luxury at Bloomindale's and Blue Mercury
Macy's will close 150 stores over the next three years and 50 by the end of 2024, the department store said Tuesday after posting a fourth quarter loss and declining sales. While adjusted net income and revenue topped Wall Street expectations, Macy's offered a muted outlook for the year. The department store chain faces a proxy fight from Arkhouse Management which nominated a slate of nine director for election to Macy's board last week.
Source: yahoo.com
Macy's to shutter 150 stores amid losses, declining sales
Macy's will close 150 stores, 50 this year it said Tuesday, after posting a fourth-quarter loss and declining sales.
Source: yahoo.com