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Consumer & Retail Report #12: 9/25 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:
Walmart (WMT) plans to hire around 40,000 mostly seasonal workers (WSJ)
Porsche IPO to Raise up to $9.4 Billion for Parent VW (Bloomberg)
Apple (AAPL) will increase App Store prices in Europe and Asia next month (Bloomberg)
Peloton (PTON) releases new $3,200 Peloton row (PR Newswire)
Amazon (AMZN) had record Prime signups during Thursday Night Football three-hour period (CNBC)
Spotify (SPOT) announces launch of audiobooks for U.S. listeners (CNBC)
General Motors (GM) and Lithion announce an investment and strategic partnership agreement to pursue a circular EV battery ecosystem (PR Newswire)
Honda (HMC) aiming to reduce production by 40% at two Japanese plants (Reuters)
Home Depot (HD) store in Philly looking to unionize, a first for the chain (The Philadelphia Inquirer)
Nordstrom (JWN) adopts 'poison pill' (Reuters)
Tanger Factory (SKT) announces new CFO and CIO (PR Newswire)
Peloton (PTON) CIO Shobhana (Shobz) Ahluwalia leaves the company (Pelo Buddy)
Kohl's (KSS): Ancora Holdings pushing for CEO removal (Reuters)
Freshpet (FRPT): Jana Partners confirmed 9.6% active stake (Reuters)
Amazon (AMZN) PillPack founders to leave (Seattle Times)
Purple Innovation (PRPL) receives a non-binding LOI from Coliseum Capital Management (Nasdaq)
BorgWarner (BWA) to acquire charging business of Hubei Surpass Sun Electric (SSE) (PR Newswire)
Walgreens (WBA) to buy remaining stake in Shields Health for $1.37 billion (Reuters)
F45 Fitness (FXLV) files equity offering of 50 million shares (Filing)
Royal Caribbean (RCL) extended the maturity date of loan advances held by consenting lenders by twelve months to October 2024 (Filing)
Toyota Motor (TM) to extend the repurchase period for shares of its common stock to November 1, 2022 from June 17, 2022 (Business Insider)
Amazon’s (AMZN) $1.7 billion purchase of iRobot (IRBT) under FTC investigation (WSJ)
California seeks to ban sales of diesel big rigs (Los Angeles Times)
McDonald's (MCD) will face $10 billion racial discrimination lawsuit (NYP)
Housing paralysis engulfs US buyers with prices starting to fall (Bloomberg)
Until next time,
Paul Cerro | Cedar Grove Capital
Personal Twitter: @paulcerro
Fund Twitter: @cedargrovecm
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