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Employee Retention
78% of CFOs Say Quiet Quitting is a Problem: Weekly Stat
Strategies around talent recruitment and retainment are a principal focus for CFOs, according to a new study by CFO.
By
Adam Zaki
| February 1, 2023
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turnaround
Financial Performance
Strong Cash Flow Boosts GE Turnaround Hopes
“As 2020 progressed, we significantly improved GE's profitability and cash performance despite a still-difficult macro environment."
By
Matthew Heller
| January 26, 2021
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Strategy
AIG to Spin Off Life & Retirement Business
The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth
By
Matthew Heller
| October 27, 2020
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Credit & Capital
Men’s Wearhouse Owner Files for Bankruptcy
Tailored Brands is the latest of more than 20 private and public retailers to have declared bankruptcy this year.
By
Matthew Heller
| August 3, 2020
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Strategy
Harley-Davidson U.S. Sales Plunge 27% in Q2
"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
By
Matthew Heller
| July 28, 2020
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Credit & Capital
JCPenney Files Chapter 11 Despite Turnaround Gains
The iconic retailer says the progress it had been making after years of declining sales "was wiped out with the onset of COVID-19."
By
Matthew Heller
| May 18, 2020
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Financial Performance
GE Shares Surge 10% on Strong Q4 Cash Flow
"GE’s restructuring remains very much a work-in-progress, with some signs that [CEO Larry] Culp’s turnaround is taking hold."
By
Matthew Heller
| January 29, 2020
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Credit & Capital
Bar Louie Files Chapter 11 to Pursue Asset Sale
The company has also closed 38 locations as it struggles with declining mall traffic and a shift away from casual dining.
By
Matthew Heller
| January 28, 2020
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Turnarounds
P&G Sales Rise 4.6%, Price Hikes Boost Profit
CFO Jon Moeller says the second-quarter results show P&G's turnaround plan is working despite weak sales of baby and feminine care products.
By
Matthew Heller
| January 23, 2020
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Financial Performance
Snap Stock Rally Continues on Strong Q2 Results
“At this point, we must acknowledge the turnaround in [the Snapchat maker's] underlying operating trends," one analyst says.
By
Matthew Heller
| July 24, 2019
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People
Pier 1 Imports Hires Turnaround Expert as CFO
Deborah Rieger-Paganis says she is "committed to instilling financial discipline across the organization as we work to drive a successful turnaround."
By
Matthew Heller
| April 18, 2019
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People
J.Crew CEO Exits After 16 Months on Job
James Brett reportedly clashed with J.Crew Chairman Mickey Drexler over his strategy for turning around the ailing retailer.
By
Matthew Heller
| November 19, 2018
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Turnarounds
Avon Turnaround Proceeding Slowly
The cosmetics company posted breakeven earnings per share and sales fell year-over-year.
By
William Sprouse
| November 1, 2018
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Strategy
GE Posts $22B Loss as Legal Problems Mount
The company's new CEO says an overhaul of the struggling power business is among his immediate priorities.
By
Matthew Heller
| October 30, 2018
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Financial Performance
Wells Misses Estimates With Broad Weakness
Bank executives point to progress in cost-cutting initiatives as evidence that Wells Fargo's turnaround effort is on track.
By
Matthew Heller
| July 13, 2018
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Financial Performance
Avon Stock Dives on ‘Unsatisfactory’ Results
The beauty company's new CEO says it is implementing "near-term fixes" and "moving with deliberate urgency to design our turnaround plan."
By
Matthew Heller
| May 3, 2018
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