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Ford has had its share of struggles lately, including last year’s launch of its bestselling 2020 Explorer, a popular sport utility vehicle thought to be a bit of a cash cow for the automaker. Ford said in February that its president of automotive, Joe Hinrichs, would retire. Hinrichs oversaw operations for the automaker. Some automotive
Shoppers exit a Bed Bath & Beyond store in New York. Michael Nagle | Bloomberg | Getty Images Bed Bath & Beyond is beginning to test changes in stores that it eventually could roll out to hundreds of locations, if it can draw shoppers in. The big-box retailer said Tuesday it plans to spend up
Walmart logo is seen at a store in Mountain View, California, United States on Tuesday, November 19, 2019. Yichuan Cao | NurPhoto | Getty Images Walmart CEO Doug McMillon said Tuesday the retailer’s heavy spending on e-commerce has built a thriving online grocery business and touted that it has a strong portfolio of brands and
Luke Sharrett | Bloomberg | Getty Images Pier 1 announced Monday that it began Chapter 11 bankruptcy proceedings in Virginia and that it is pursuing a sale of the company. The home furnishings chain said in a release that it filed for bankruptcy in the U.S. Bankruptcy Court in Richmond, Virginia, after warning in less than
As Walmart’s online sales grow, the retailer has seen another number grow, too: Its e-commerce losses. OR As Walmart’s online sales grow, the retailer has seen its e-commerce losses grow, too. Analysts are waiting to see whether those losses have peaked or if they’ll continue to rise. The Bentonville, Ark.-based retailer is spending heavily to
Riyad Mahrez of Manchester City in action during the Premier League match between Manchester City and Huddersfield Town at Etihad Stadium on August 19, 2018 in Manchester, United Kingdom. Michael Regan/Getty Images The Union of European Football Associations (UEFA) declared on Friday it has banned Manchester City from European competitions for two seasons for “serious
A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images After weeks of assessing concerns about the placement of wiring bundles in 737 Max airplanes, Boeing has submitted its initial recommendation to the FAA for how to resolve the issue. Sources say Boeing believes it does not
United Airlines on Friday pulled the Boeing 737 Max from its schedule until Sep. 4 and expects to cancel more than 7,700 flights from June through September, after the manufacturer warned last month that it doesn’t expect regulator approval for the planes until mid-year. American Airlines followed suit with a schedule adjustment on Friday, removing
Josephine Skriver attends the debut of Victoria’s Secret’s new fall collection at Natick Mall on August 17, 2019 in Natick, Massachusetts. Taylor Hill | Getty Images Talks to sell L Brands‘ Victoria’s Secret brand to private equity firm Sycamore Partners will spill into next week, as the complex deal structure creates headaches for its advisors,