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The home goods retailer is under pressure as it struggles with slowing sales and competes for customers amid a tougher economic backdrop.
Missouri-based investment bank Stifel Financial led a study showing 18% of execs believing the US has already entered a recession while 79% expect a downturn within the next 18 months.
A majority of corporate executives expect the U.S. economy to slide into a recession within the next year as they confront painfully high inflation and a labor shortage.
Overwhelming Majority of Respondents Bracing for Recession; Strategic M&A Remains in Focus...
While it might be an attractive move in the short term, some experts are raising red flags about the proposal’s long-term logic.