UPDATE 3-GameStop names billionaire Ryan Cohen as CEO in turnaround push Adds graphic, analyst comments in paragraph 13, 14 By Aditya Soni Sept 28 (Reuters) - GameStop GME.N on Thursday named billionaire Ryan Cohen as its CEO and chairman, tightening the activist investor's grip on the ailing videogame retailer that he intends to turn around. The brick-and-mortar retailer that once attracted gamers has struggled in the age of online downloads, drawing it to the heart of a clash in 2021 between h
BREAKINGVIEWS-GameStopโs success doesnโt belong in a meme The author is a Reuters Breakingviews columnist. The opinions expressed are their own. NEW YORK, Sept 7 (Reuters Breakingviews) - Meme-stock success might look more whimper than bang. GameStop GME.N , the poster-child for pandemic-era retail-trader enthusiasm, reported second-quarter results on Wednesday that showed losses narrowing and positive, if miniscule, adjusted EBITDA.
BUZZ-Overstock.com, now Bed Bath & Beyond, eyes worst day in 15 years Updates ** Shares of online retailer Overstock.com OSTK.O , or the new Bed Bath & Beyond, fall as much as 2 7.7 % to hit a near three-month low of $1 9.83 ** Stock last down 2 7%, on track to record worst day since July 2008 ** OSTK, rebranded as Bed Bath & Beyond after acquiring the company's intellectual property assets in bankruptcy, sees Q3 revenue declining in mid-teens pct range ** Expects high-teens percent decline in a
BUZZ-Burlington Stores slips after cutting FY forecast ** Shares of off-price retailer Burlington Stores BURL.N fall as much as 10.7% to hit a near two-month low of $151.85 ** Stock last down ~8%, set for biggest one-day pct. decline in a year ** BURL cut its annual sales and profit forecasts, saying the core lower-income customer was "still under significant economic pressure" ** Co now sees total sales rising about 11%-12% in fiscal 2023, compared to prior outlook of 12%-14% ** Expects adj.
UPDATE 8-Blue Shield of California looks to cut reliance on CVS, taps Amazon Non-profit insurer picks five vendors including Amazon, Mark Cuban's drug firm for PBM services CVS shares fall over 9%, rivals Cigna, UnitedHealth also down Adds context on PBM scrutiny in paragraph 7 and updates shares in 8 By Bhanvi Satija and Patrick Wingrove Aug 17 (Reuters) - Blue Shield of California plans to stop using most of CVS Health's CVS.N pharmacy benefit management services and work with others, includin
