Consumer & Retail Report #11: 9/18 Recap
Summary of the Week in Consumer and Retail
Welcome to our Consumer and Retail recap where we share noteworthy headlines, updates, and insights. Never spam.
Table of Contents:
Disney (DIS) looking to add sports wagering app (Bloomberg)
Xponential Fitness (XPOF) and Princess Cruises announce exclusive license agreement (Businesswire)
Disney (DIS) CEO Chapek considering merging company’s Hulu and Disney+ services (Bloomberg)
Peloton (PTON) announces national expansion of its rental program (PR Newswire)
Rent the Runway (RENT) to lay off nearly a quarter of employees (Barron’s)
Starbucks (SBUX) announces partnership with DoorDash (DASH) (Benzinga)
Kohl's (KSS): S&P downgraded Kohl's Corp. to 'BB+' (junk) from 'BBB-' on elevated leverage and declining competitive position (Atom Finance)
Life Time (LTH) completes latest sale-leaseback deal for $200 mln (Club Industry)
MSG Sports (MSGS) President and CEO Andrew Lustgarten to Step Down (Businesswire)
Better Choice (BTTR) company announces management and board changes (Global Newswire)
Williams-Sonoma (WSM) appoints Jeff Howie to CFO (Street Insider)
Peloton (PTON) announces changes to leadership team (Press Release)
Edgewell Personal Care (EPC) announces organizational changes (PR Newswire)
Aptiv (APTV) announces definitive agreement to acquire 85% stake in Intercable Automotive Solutions (PR Newswire)
Churchill Downs (CHDN) acquires Ellis Park for $79 mln (Global Newswire)
Mexican department store chain Liverpool buys 9.9% stake in Nordstrom (JWN) (Reuters)
SmileDirectClub (SDC) files for $400 mln mixed securities shelf offering (Filing)
Yum! Brands (YUM) announces $2 bln stock buyback authorization (Seeking Alpha)
Driven Brands (DRVN) files for share common stock offering by selling shareholders (PR Newswire)
First Watch Restaurant Group (FWRG) prices offering of 4.5 mln shares of common stock at $15.50 per share (Street Insider)
Johnson & Johnson (JNJ) authorized the repurchase of up to $5 billion of the company's common stock (Businesswire)
Bowlero (BOWL) files for 216,956,397 share common stock offering by selling shareholders (Filing)
Chicken Soup for the Soul Entertainment (CSSE) files for 7,745,453 share common stock offering by selling shareholders (Filing)
California alleges Amazon (AMZN) stifled price competition in lawsuit (Reuters)
Fedex (FDX) is sounding the alarm for a global slowdown (Barron’s)
Lithium prices surged to new records as EV-fueled demand pressures supply (Bloomberg)
Until next time,
Paul Cerro | Cedar Grove Capital
Personal Twitter: @paulcerro
Fund Twitter: @cedargrovecm
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