Business
Kohl’s Q4 Sales Fall But Profitability Rises Amid Turnaround Efforts
Kohl’s Corp., despite a decline in sales during the fourth quarter, managed to improve its bottom-line performance. For the fourth quarter…
Tag
Turnaround
Business
UPS to cut another 30,000 jobs as it doubles down on turnaround
United Parcel Service on Tuesday (Jan 27) said it would cut up to 30,000 operational roles in 2026, adding to last year’s job reductions…
Business
Nike Shifts Top Leadership in China, EMEA as Turnaround Efforts Continue
The Nike leadership shuffle continues. In a note sent to employees on Tuesday, Nike president and chief executive officer Elliott Hill…
Business
Shiseido faces tough turnaround after costly cosmetics stumbles
The company has embraced a turnaround plan that involves drastic cost-cutting and a refocus on its luxury brands Shiseido, once a…
Business
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises…
Business
Saks mulls bankruptcy year after raising billions for turnaround
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is…
Business
Seven & i’s IPO of US arm hinges on faster turnaround, CEO says
Seven & i Holdings’ chief executive is pressing its US convenience-stores business to deliver a faster turnaround as the retailer seeks a…
Business
Nike’s China conundrum deepens as turnaround stagnates
Nike’s stock is down 13% so far this year, on track for a fourth straight year of declines Nike is running out of time to prove its China…
Business
Musk’s X posts higher sales amid costly turnaround
Sales at Elon Musk’s X jumped during the third quarter, but the social network is still dealing with significant costs – including from…
Business
ASX appoints new compliance chief amid pressure to deliver on turnaround plan
AUSTRALIAN stock exchange operator ASX has appointed Lucinda McCann as its new chief compliance officer with immediate effect, the company…
Business
VF’s Q2 Profit Indicates Progress on Turnaround Plan
VF Corp. is progressing on its turnaround plan, besting Wall Street’s expectations in the second quarter. For the second quarter ended…
Business
Intel shares jump as investments, cost cuts catapult turnaround efforts
INTEL shares surged nearly 9 per cent in premarket trading on Friday (Oct 24) as investors rallied behind CEO Tan Lip-Bu’s aggressive…
Business
CGS International upgrades Grab to ‘add’, raises target price to US$7 on financial services turnaround
CGS International has upgraded its recommendation on Grab to “add”, from “hold” previously, and raised its target price by 29.6 per cent…
Business
Stellantis said to plan US$10 billion in US turnaround investments
The carmaker is temporarily pausing production at eight of its plants in Europe amid lagging demand for models including the Alfa Romeo…
Business
Nike reports surprise revenue rise amid CEO Hill’s turnaround efforts
The company makes nearly all its shoes in countries hit with steep duties under US President Donald Trump Nike on Tuesday (Sep 30)…
Business
Starbucks CEO details brand reset plan as turnaround efforts drive sales beat
STARBUCKS reported better-than-expected revenue rise for the third quarter, as demand in China improved while investments in labor and…
Business
China Reits see ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
China Reits make ‘significant turnaround’, with growth outpacing regional peers: Aprea
Chinese real estate investment trusts, or C-Reits, have outpaced some of their regional peers, including Singapore’s, in the first half of…
Business
Seven & i risks becoming buyout target again if turnaround fails
Even after fending off Alimentation Couche-Tard’s unsolicited 6.77 trillion yen (S$58.5 billion) takeover approach, Seven & i Holdings…
Unsorted
JD.com billionaire unveils turnaround plan after five-year slump
JD.com founder Richard Liu vowed to speed up an overseas foray and compete with Meituan in new arenas from food delivery to travel,…
Fashion
Gucci owner Kering turns to Renault CEO in turnaround bid
Kering is set to name the chief executive officer of Renault as its next CEO, looking to an Italian manager who’s turned around the French…
Business
Starbucks reshuffles leadership to accelerate turnaround bid
Starbucks is reorganising part of its senior ranks, looking to speed up plans to reverse a sales slump. Mike Grams, hired last year as…
Business
Nomura’s China losses narrow as brokerage seeks turnaround
Nomura Holdings posted a smaller loss at its joint venture in China last year, as the brokerage seeks to turn around the business in the…
Business
Hooters files for bankruptcy as brand eyes turnaround plan
It listed assets of US$50 million to US$100 million and liabilities in the same range in its petition Hooters of America has filed for…