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CFOs Vow to Boost Tech Influence in 2023
Greater vigilance in overseeing technology strategy shapes up as a key priority for the coming year.
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David McCann
| February 6, 2023
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Whole Foods
Financial Performance
Amazon Posts Record Earnings But Stock Falls
“The question for investors now is if Amazon can grow profits fast enough to make up for slowing revenue growth."
By
Matthew Heller
| February 1, 2019
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Strategy
Target to Buy Shipt Same-Day Delivery Service
The $550 million deal positions Target to compete with Amazon and Walmart in the same-day delivery wars.
By
Matthew Heller
| December 13, 2017
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Financial Performance
Investors Uneasy Over Costco Profit Growth
The retailer's Q4 earnings beat estimates and same-store sales were up 6.1% but its shares dropped nearly 3% in after-market trading.
By
Matthew Heller
| October 6, 2017
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Financial Performance
Kroger Profit Slips 8% Amid Discounting War
Same-store sales were up 0.7% in Q2 and Kroger's price cuts "have helped the grocer grow its market share in a very competitive environment."
By
Matthew Heller
| September 8, 2017
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M&A
Moody’s Changes Amazon Outlook to Positive
"The Whole Foods acquisition is an immediate credit positive for the company on a variety of fronts," the rating agency says.
By
Matthew Heller
| August 15, 2017
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Strategy
Whole Foods Appoints New CFO, Directors
Under pressure from investors, the grocer is attempting to rebound from seven consecutive quarters of declining same-store sales.
By
Matthew Heller
| May 11, 2017
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Strategy
Whole Foods Same-Store Sales Slide 2.4% in Q1
The grocer's sixth straight quarterly decline reflects competition from conventional chains offering organic foods at lower prices.
By
Matthew Heller
| February 9, 2017
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Risk & Compliance
SEC Gives Boost to Investors in Proxy Battles
A regulator says new guidance will prevent companies from "gaming the rules to deny shareowners the right to vote on critical reforms."
By
Matthew Heller
| October 23, 2015
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Tax
How Inaccurate Sales Tax Calculations Spur Class Actions
Thanks to a combination of increased consumer awareness and a constantly changing set of tax codes, the risk of getting sales tax wrong has risen.
By
Carla Yrjanson
| February 27, 2015
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Risk & Compliance
SEC About-Face in Whole Foods Case May Empower Investors
The change could prevent other companies from excluding shareholder proposals that they say "directly conflict" with management proposals.
By
Matthew Heller
| January 20, 2015
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