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Exclusive: Sports Authority CEO talks about the chain's post-bankruptcy future

Foss said Sports Authority "right-sized the company," as part of "an operational restructuring plan we put in place a couple months ago.""The growth rate of the e-commerce markets where we have stores and where we don't have stores ? there was only a couple percentage point difference. They're both growing very strongly."Dual-path process:Sports Authority has plotted two paths to exit bankruptcy.
The Denver Post
27/04
9 Points
1

Exclusive: Sports Authority CEO talks about the chain's post-bankruptcy future

Foss said Sports Authority "right-sized the company," as part of "an operational restructuring plan we put in place a couple months ago.""The growth rate of the e-commerce markets where we have stores and where we don't have stores ? there was only a couple percentage point difference. They're both growing very strongly."Dual-path process:Sports Authority has plotted two paths to exit bankruptcy.
The Denver Post
27/04
4 Points
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Money Ask Matt: Can Xerox copy its past success?

The company’s revenue missed expectations in the previous 12 quarters, S&P Global says. But now, Xerox investors know more about restructuring than innovation, and returning to the good old days of growth isn’t likely.Shares of Xerox fell more than 11% Monday to below $10 a share after the company reported an adjusted quarterly profit of 22 cents a share, which missed expectations by 4%, S&P Global Market Intelligence says.
USA Today
26/04
7 Points

Money House GOP reworking Puerto Rico bill as conservatives balk

Republicans leaders hope to placate the conservatives and secure their support. WASHINGTON -- Faced with opposition from conservatives, House Republicans said Friday they are rewriting legislation to help Puerto Rico out of its $70 billion debt. To make the bill more palatable to conservatives, Bishop has suggested that he and sponsor Sean Duffy, R-Wisc., could try to add additional language on oversight of the control board. The financial problems worsened as a result of setbacks in the broader U.S.
San Jose Mercury News
16/04
3 Points
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Money Victoria's Secret to cut 200 jobs, restructure

"Victoria's Secret is doing well and this is the perfect time to be laser focused and make sure they continue to go win the strategic places they’re best at."Victoria's Secret will also get rid of certain merchandise categories . Going forward, L Brands said Victoria's Secret will operate in three business units . Sales at stores open at least a year increased 2% at Victoria's Secret and 3% overall for the company, which also owns Bath & Body Works.
USA Today
08/04
10 Points
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Money Mashable lays off top editor, staffers in restructuring

"To reflect these changes, we must organize our teams in a different way," he wrote. "We are certain this is the right direction for Mashable."As part of its restructuring, Mashable plans to eliminate world news and. Nadja Oertelt, a senior producer, tweeted Thursday that she and “half the Mashable editorial staff” had been fired. “Everyone affected by these changes has already been notified.”Mashable didn’t reveal the number of employees who were laid off.
USA Today
08/04
9 Points
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