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Turnaround Efforts

All articles tagged with #turnaround efforts

food-and-business2 years ago

"Subway Introduces Exciting Addition to Menu"

Subway is adding footlong snacks called Sidekicks to its menu, including a chocolate chip cookie, Cinnabon churro, and soft pretzel, in response to customer demand for more menu options. The new items are expected to boost revenue and appeal to college campuses, with customers also adding them to their sandwich purchases. This move comes as Subway aims to revamp its business amid declining store numbers and lower sales compared to competitors, despite recent positive sales trends.

via CNN|
#fast-food#food-and-business#menu-update
business2 years ago

Tupperware's Survival: A Surprising Turn of Events

Tupperware, the iconic leftovers storage brand, has managed to secure a deal with its creditors to reduce its interest payment obligations by $150 million, secure $21 million in new financing, extend the deadline for paying back debt, and reduce the amount of debt owed. This agreement has given the struggling company a new lease on life, leading to a surge in its stock price. However, Tupperware still faces challenges such as competition, lack of brand awareness among younger consumers, and financial difficulties.

via CNN|
#business#debt-restructuring#financial-flexibility
business2 years ago

Tupperware's Stock Skyrockets 90% Following Debt Restructuring

Tupperware Brands Corp.'s stock surged over 90% in after-hours trading after the company announced a debt restructuring agreement with its lenders. The agreement includes reducing interest and fees, extending the maturity of debt facilities, and accessing additional borrowing capacity. Tupperware aims to improve its financial position and continue its turnaround efforts. The company had previously issued a going-concern warning and is currently restating its financial statements. Despite recent stock gains, Tupperware should not be considered a meme stock.

via MarketWatch|
#business#debt-restructuring#financial-agreement
finance2 years ago

Bed Bath & Beyond's Stock Plummets to Record Low Amid Bankruptcy Concerns

Bed Bath & Beyond's stock closed at an all-time low of 43 cents per share, down 82% year-to-date, as the struggling home goods retailer faces bankruptcy if it fails to raise up to $300 million in an equity offering. The company has been shrinking its footprint of stores, closing down more and more locations, and has struggled to retain talent and keep up with vendor relations due to liquidity issues. Despite attempts to turn itself around, including bringing in former Target executive Mark Tritton, the company's sales have continued to decline, leading to the departure of Tritton and the appointment of retail veteran Sue Gove as CEO.

via Yahoo Finance|
#bankruptcy#bed-bath-and-beyond#finance