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Search resuls for: "Sharon Terlep"


16 mentions found


☆ Fading Supply-Chain Problems Signal Season of Plenty for Holiday Shoppers
  + stars: | 2022-11-17 | by ( Austen Hufford | Sharon Terlep | ) www.wsj.com   time to read: 1 min
Easing supply-chain pressures mean American consumers can look forward to their first normal holiday season in three years, industry executives and analysts say. They project full store shelves—and even deals—as retailers work through gluts in product categories from toys to furniture. “The script has been flipped,” said Steve Pasierb , president of manufacturing group The Toy Association. “From a supply-chain standpoint, it’s the opposite of last year.”
☆ Walmart to Pay $3.1 Billion to Settle Opioid Lawsuits
  + stars: | 2022-11-15 | by ( Sharon Terlep | Sarah Nassauer | ) www.wsj.com   time to read: 1 min
Walmart said its opioid-settlement payments will reach communities faster than the deals made by other companies. Walmart Inc. has agreed to pay $3.1 billion to settle opioid-crisis lawsuits brought by several U.S. states and municipalities, adding to a landmark settlement with rival pharmacy chains. The agreement resolves a collection of lawsuits brought by states, cities and Native American tribes. Earlier this month, CVS Health Corp. and Walgreens Boots Alliance Inc. agreed to pay roughly $5 billion apiece to settle the lawsuits. The companies didn’t admit wrongdoing in their deals.
☆ Walmart Is Flexing Its Muscle Again
  + stars: | 2022-11-12 | by ( Sarah Nassauer | Sharon Terlep | ) www.wsj.com   time to read: 1 min
America’s biggest retailer has a new message for its suppliers: We’re not going to pay higher prices anymore. Walmart Inc. Chief Executive Doug McMillon delivered the warning in person last month in an appearance before companies that produce products sold by the company’s Sam’s Club chain. Inside a hotel auditorium, he said Walmart would be pushing back against suppliers’ efforts to raise prices, according to people familiar with the situation. Innovative products will spur more purchases, he added, according to these people.
☆ The Beauty Industry Is Defying Inflation
  + stars: | 2022-11-08 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Consumers are still willing to pay up to look and smell good, setting the beauty industry apart from a range of industries dealing with declining demand from inflation-weary shoppers. Coty Inc., one of the world’s biggest beauty companies, on Tuesday said organic sales grew 9% in the quarter ended Sept. 30, the company’s sixth-straight substantial quarterly sales gain after years of declines that predate the Covid pandemic.
☆ Talkspace Names CEO as It Pitches Remote Therapy to Employers
  + stars: | 2022-11-08 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Talkspace’s stock has fallen 65% this year and is trading below $1 a share. Teletherapy company Talkspace Inc. is trying to help itself. The company, one of the best-known names in remote therapy, has picked a new CEO to help continue an overhaul of the business that began last year after several top executives left amid disappointing results and criticism from investors who said they had been misled.
☆ Peloton Shares Slump on Weak Sales Forecast
  + stars: | 2022-11-03 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Peloton Interactive Inc. reported a steeper-than-expected 23% drop in quarterly sales, and executives said the company must stop burning through cash before it can fully focus on growing the business. The maker of connected fitness equipment estimated sales for the current quarter, which includes the crucial holiday selling season, could be roughly 37% lower than a year ago.
☆ Peloton Sales Tumble Again, but Quarterly Losses Narrow
  + stars: | 2022-11-03 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Peloton Interactive Inc. reported a steeper-than-expected 23% drop in quarterly sales, but the company also narrowed its losses after slashing jobs and restructuring its operations. Revenue declined to $617 million in the quarter ended Sept. 30, coming in below the company’s forecast of $625 million to $650 million. Executives estimated sales for the current quarter, which includes the crucial holiday selling season, could be roughly 37% lower than a year ago.
☆ CVS to Pay $5 Billion to Settle Opioid Lawsuits
  + stars: | 2022-11-02 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
CVS Health Corp. has agreed to pay about $5 billion in a landmark settlement that the company says would resolve all remaining opioid-crisis lawsuits brought by states, cities and other governments. The largest U.S. drugstore company is the first pharmacy chain to reach a settlement in the collection of lawsuits brought by governments and Native American tribes blaming CVS and rival pharmacies for helping fuel the nation’s opioid epidemic.
☆ Peloton Co-Founder Maxed Out Pledged Shares to Cover Margin Calls
  + stars: | 2022-10-28 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
John Foley , the former CEO of Peloton Interactive Inc., nearly doubled the amount of shares that he has pledged to cover personal loans taken out against his stake in the fitness-equipment maker. Mr. Foley pledged as collateral more than 6.7 million Class A and Class B shares, or 41% of his 16.4 million holdings, as of Oct. 4, a securities filing shows. Peloton’s policy limits such pledges to 40% of an executive’s or board member’s holdings.
☆ P&G Expects Revenue to Feel Drag From Stronger Dollar
  + stars: | 2022-10-19 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Procter & Gamble said the stronger U.S. dollar erased most of its sales gains for the quarter and is on track to lead the maker of Tide detergent and Gillette razors to its first annual sales decline in half a decade. The Cincinnati-based consumer-products company on Wednesday lowered its annual revenue guidance, citing the run-up in the value of the dollar relative to other currencies around the world. P&G now expects sales for the fiscal year ended June 30 to fall 1% to 3%; its previous forecast called for growth between flat and 2%.
☆ P&G Rides Higher Prices but Says Strong Dollar to Slow Growth
  + stars: | 2022-10-19 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Procter & Gamble said the stronger U.S. dollar erased most of its sales gains for the latest quarter and is on track to lead the maker of Tide detergent and Gillette razors to its first annual sales decline in half a decade. The Cincinnati-based consumer-products company on Wednesday lowered its annual revenue guidance, citing the run-up in the value of the dollar relative to other currencies around the world. P&G now expects sales for the fiscal year ending June 30 to fall 1% to 3%; its previous forecast called for growth between flat and 2%.
☆ Procter & Gamble Ups Marketing to Persuade Consumers on Pricier Products
  + stars: | 2022-10-17 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Inflation is testing Americans’ loyalty to Procter & Gamble biggest brands, but the maker of Tide detergent, Pampers diapers and Gillette razors is betting it can persuade shoppers to keep paying up. The world’s biggest maker of consumer products is rolling out star-studded ad campaigns and new product features, from drip-proof soap bottles to extra-absorbent paper towels, hoping to keep cash-crunched consumers from switching to cheaper brands.
☆ Procter & Gamble Bets Inflation Won’t Push Shoppers to Trade Down
  + stars: | 2022-10-17 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
Inflation is testing Americans’ loyalty to Procter & Gamble biggest brands, but the maker of Tide detergent, Pampers diapers and Gillette razors is betting it can persuade shoppers to keep paying up. The world’s biggest maker of consumer products is rolling out star-studded ad campaigns and new product features, from drip-proof soap bottles to extra-absorbent paper towels, hoping to keep cash-crunched consumers from switching to cheaper brands.
☆ Peloton Co-Founder John Foley Faced Repeated Margin Calls From Goldman Sachs as Stock Slumped
  + stars: | 2022-10-11 | by ( Sharon Terlep | Suzanne Vranica | ) www.wsj.com   time to read: 1 min
John Foley , the co-founder and former chief executive of Peloton Interactive faced repeated margin calls on money he borrowed against his Peloton holdings before he left the fitness company’s board last month, according to people familiar with the situation. As Peloton’s shares slumped over the past year, Goldman Sachs Group asked Mr. Foley several times to provide fresh funds or additional collateral for personal loans the bank had extended to him, the people said. The company’s share price has fallen nearly 95% from its $160 peak in December 2020.
☆ A Cosmetics Brand Defies Inflation With Its $3 Lipstick
  + stars: | 2022-09-21 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-3-lipstick-that-ignores-inflation-11663639487
☆ The $3 Lipstick That Ignores Inflation
  + stars: | 2022-09-20 | by ( Sharon Terlep | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-3-lipstick-that-ignores-inflation-11663639487
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