Purple Cuts Jobs and Closes Factories Amid Industry Slowdown
In a challenging market, mattress manufacturer Purple has seen revenue drop 10.9% to $510.5 million in 2023 while facing...
cost-cutting
Victorian Plumbing Closes Rival Firm, Endangering 100 Jobs After £22.5m Acquisition
Victorian Plumbing, a bathroom specialist, has announced plans to shut down its rival retailer Victoria Plum, acquired three months...
Vans’ Revenue Dips Despite Project Reinvent Efforts and Executive Changes
Vans, under VF's Project Reinvent, aims to boost brand-building and sales in North America after hiring new president Sun...
Wayfair UK Profit Dips Despite Mass Layoffs
In a recent financial report, Wayfair UK revealed a decline in profits from £2.7m to £2.6m despite cutting its...
Big Lots Makes Progress Amidst Challenging Retail Landscape
In a recent earnings call, Thorn announced that Big Lots has identified an opportunity to increase its cost-cutting initiative...
Carpetright to Cut 25% of Head Office Staff in Cost-Cutting Move
**Lead:** Carpetright, a leading retailer, is set to slash over 25% of its head office staff, affecting around 70...
Peloton Restructures: Layoffs and CEO Exit
Lead: Peloton is on the hunt for a new leader amidst a major restructuring effort aimed at slashing expenses...
Finance News in Brief: Carpetright, Majestic, Decathlon, and The Works
Lead: Carpetright seeks cost-cutting measures amid tough market conditions, considering store closures, while Majestic acquires Vagabond Wines to secure...
Superdry in Talks for £20m Loan with Hilco
**Lead:** Superdry is seeking a £20m loan from Hilco Capital to support its turnaround efforts and seasonal working capital...
Beyond Inc. to Reopen Overstock’s Online Store
Lead: In a bid to revamp its struggling home and furniture retail segment, Beyond Inc. is set to reopen...