(Reuters) – Michaels Cos Inc <MIK.O> on Friday named longtime Walmart Inc <WMT.N> senior executive Ashley Buchanan as chief executive officer and president on Friday, sending shares of the arts and crafts retailer up 3%. Buchanan is the chief merchant officer of the U.S. e-commerce operation at the retail giant and will replace Mark Cosby […]
By Nivedita Balu and Melissa Fares (Reuters) – Macy’s Inc <M.N> holiday-quarter results beat analyst expectations on Tuesday, but investor skepticism around its cost-cutting strategy at a time of intense online competition sent shares down nearly 5%. Earlier this month, Macy’s said it would close 125 stores, including those based in “lower tier” shopping malls, […]
By Lawrence White, Sinead Cruise and Sumeet Chatterjee LONDON/HONG KONG (Reuters) – One of Noel Quinn’s first jobs as chief executive of HSBC <HSBA.L> will be to review the radical revamp he unveiled last month as interim boss, a senior source at the bank said. Quinn’s decisive move to slash costs proved instrumental in securing […]
