Stock Pick

  • New United Airlines CEO Says No To Bankruptcy and Mandating Blocked Middle Seats

    New United Airlines CEO Says No To Bankruptcy and Mandating Blocked Middle SeatsAt two previous companies, new United Airlines CEO Scott Kirby developed a reputation for bluntness, often favoring honest answers over diplomatic ones. On Thursday, speaking at his first public forum since taking over last week from Oscar Munoz, Kirby showed he wouldn't drop the act just because he now leads a Fortune 100 company. In […]

    from Yahoo Finance https://ift.tt/3cgmndv

  • Nordstrom sales plunge nearly 40% on pandemic-led store closures

    Nordstrom sales plunge nearly 40% on pandemic-led store closuresMeasures to contain the coronavirus outbreak have weighed heavily on retailers, with J.C. Penney , J.Crew, Neiman Marcus and Stage Stores all having recently filed for bankruptcy. Seattle-based Nordstrom said online sales rose 5% to $1.1 billion in its first quarter ended May 2. “We successfully strengthened our financial flexibility by increasing liquidity, lowering inventory by more than 25 percent from last year and significantly reducing our cash burn by more than 40 percent from March into April,” Chief Executive Erik Nordstrom said in a statement.

    from Yahoo Finance https://ift.tt/2X9ad20

  • Multiplex gyms will change business models to accommodate reopening: Mindbody CEO

    Multiplex gyms will change business models to accommodate reopening: Mindbody CEO Mindbody Founder & CEO Rick Stollmeyer joins Yahoo Finance’s On The Move panel to weigh in on consumer behavior and booking trends as more states look to reopen wellness services.

    from Yahoo Finance https://ift.tt/3dezf5j

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