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Top related persons:
Sterling - 1 Bob Savage - 1 BNY - 1 China's - 1 Scott Gold - 1 would've - 1 Justin D'Anethan - 1
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8 mentions found


☆ Dollar firm ahead of global inflation data
  + stars: | 2024-05-27 | by ( ) www.cnbc.com   time to read: +4 min
The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook. The euro , which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. German inflation on Wednesday and euro zone readings on Friday will be watched for confirmation of a European rate cut that traders have priced for next week. The dollar had fallen back after data showed a slowdown in consumer price rises in April and disappointing retail sales, before strengthening last week thanks to better-than-expected PMI survey data. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May.
Persons: Sterling, Bob Savage, BNY, China's, Scott Gold, would've, Justin D'Anethan Organizations: New, U.S, Federal, Swiss, Tokyo CPI Locations: Britain, United States, U.S, Asia, New York
☆ Some Retailers Are Learning to Love Bulked-Up Inventories
  + stars: | 2022-12-01 | by ( Liz Young | ) www.wsj.com   time to read: +6 min
Discount retailers Burlington Stores Inc. and TJX Cos. are among those happy to stock up as other merchants look to off-load goods. “Last year, our store inventories were just too lean going into the spring,” Mr. O’Sullivan said on a Nov. 22 call with analysts. The overall retail sector’s ratio of inventories to sales, a measure of how much companies have in stock compared with what they sell, remains tight by historical standards. The ratio for inventories to sales at those stores was 1.54 in September, up sharply from 1.39 in September 2019, according to Census Bureau figures. The company reported inventories rose 44% in the latest quarter compared with the same period a year earlier.
☆ A small plane with 2 aboard dangles on Maryland power tower
  + stars: | 2022-11-28 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com   time to read: +2 min
A small airplane with two people on board was dangling an estimated 100 feet above ground Sunday night after the aircraft struck a tower supporting high-voltage power lines. The two were not injured and were communicating with first responders as they awaited rescue, Maryland State Police said in a statement. A small plane with two people aboard sits lodged in a power line pole Sunday evening in Montgomery County, Maryland. "Arriving troopers found the plane suspended in the air, entangled in a power line tower," state police said in the statement. What caused the small plane to go down was under investigation by the FAA and the National Transportation Safety Board.
☆ Small plane crash causes mass power outages near Washington
  + stars: | 2022-11-28 | by ( Tim Reid | ) www.reuters.com   time to read: +2 min
Nov 27 (Reuters) - A small plane crashed into high-voltage power lines about 30 miles north of Washington, D.C., on Sunday, causing mass outages, with rescue services working into the night to rescue two people on board the aircraft still entangled in the cables. The aircraft crashed about 5.30 p.m. (2230 GMT) in misty and wet conditions in Montgomery Village, Maryland, according to the Montgomery County Fire & Rescue Service. The impact caused power outages to over 120,000 customers, according to Pepco, the Washington-area utility company. Scott Goldstein, Montgomery County Fire Chief, said rescue officials were in contact with the occupants, by calling their cell phones at regular intervals. Goldstein said the plane also needs to be secured to the electrical tower before the occupants can be removed.
☆ Photos show a plane after it crashed into live power lines in Maryland, leaving two passengers stuck for seven hours
  + stars: | 2022-11-28 | by ( Sinéad Baker | ) www.businessinsider.com   time to read: +3 min
A small plane crashed into live power lines in Maryland on Sunday evening, authorities said. In this photo provided by Montgomery County Fire and Rescue, a small plane rests on live power lines after crashing, Sunday, November 27, 2022. He identified hypothermia and "orthopedic and trauma injuries," but did not say if those were affecting both passengers. He added that the plane had crashed into the power lines first, before getting caught up in the tower. A small plane caught on live power lines after crashing, Sunday, November 27, 2022.
☆ Retailers’ Holiday Discounts Are Steeper This Year, CFOs Say
  + stars: | 2022-11-23 | by ( Kristin Broughton | ) www.wsj.com   time to read: +5 min
Some chief financial officers in the retail sector say markdowns are necessary to start the new year without the drag of excess stock on their shelves. Other CFOs say their companies view the promotional environment as an opportunity to attract more customers. Below is a roundup of retail CFOs’ remarks on this topic during recent earnings calls. All the surveys that we’ve seen would indicate that the value is going to be an important driver for the customer. Historically, we’ve managed a collection of four basic inventory levers: cancellations, [return-to-vendors], push outs and vendor allowances, or VAs.
☆ TJX Names John Klinger Chief Financial Officer
  + stars: | 2022-11-16 | by ( Colin Kellaher | ) www.wsj.com   time to read: 1 min
TJX Cos. on Wednesday said it named John Klinger executive vice president and chief financial officer effective Jan. 29, the start of the retailer’s next fiscal year. Mr. Klinger, who joined TJX in 2000 and currently serves as executive vice president and corporate controller, succeeds Scott Goldenberg, who has been chief financial officer of the Framingham, Mass., company since 2012. TJX, the owner of TJ Maxx, Marshalls and HomeGoods among other retailers, said Mr. Goldenberg will continue as senior executive vice president of finance with responsibility for such corporate functions as global communications, risk management, new business development and financial aspects of real estate. Write to Colin Kellaher at colin.kellaher@wsj.comCopyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
☆ Retailer TJX Names New CFO as Sales Decline
  + stars: | 2022-11-16 | by ( Jennifer Williams-Alvarez | Colin Kellaher | ) www.wsj.com   time to read: +3 min
Mr. Klinger, who joined TJX in 2000, currently serves as executive vice president and corporate controller. U.S. comparable-store sales, which exclude e-commerce sites, fell 2%, driven by a 16% drop in comparable sales for the U.S. homegoods business. For the 2023 fiscal year, TJX forecasts U.S. comparable-store sales to fall 1% to 2%. TJX in August projected a full year decline in U.S. same-store sales of 2% to 3%. This is because they’ve withheld key metrics such as the figures for comparable-store sales, since they weren’t meaningful as a result of store closures brought on by the pandemic, she said.
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