Saturday, June 6, 2020

MixedTimes - CNBC

Here's why the 'retail apocalypse' won't happen

UBS is forecasting bricks-and-mortar stores can still deliver about 1 percent of sales gains annually, assuming U.S. retail sales overall keep climbing at a rate of about 3 percent.

Rent-A-Center terminates Vintage Capital's buyout deal

Rent-A-Center said on Tuesday it terminated its buyout deal with Vintage Capital Management, as the buyout firm did not extend a deadline to close the deal that is yet to get regulatory approval six months after being announced.

Higher sales of heavy trucks boost Navistar profit

Truck maker Navistar on Tuesday reported better-than-expected quarterly profit and revenue, as strong freight demand helped boost sales of its high-margin Class 8 heavy trucks.

Kroger CFO Michael Schlotman to step down April 3

Kroger Chief Financial Officer J. Michael Schlotman will step down from his role on April 3, when he will be succeeded by Gary Millerchip, chief executive of Kroger Personal Finance.

Kroger CFO Michael Schlotman to retire April 3

Kroger Chief Financial Officer J. Michael Schlotman will step down from his role on April 3, when he will be succeeded by Gary Millerchip, chief executive of Kroger Personal Finance.

Google has reportedly ended China search project

Following protests and Congressional queries, Google has effectively shelved its Dragonfly project to build a censored search engine in China, according to a new report by the Intercept, which first broke news of the project.