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20 Sep 23

Updated: 21 Sep 23

FedEx fails from 

faulty leadership 

Losing market share. Cuts
costs and customer service

FedEx ceo Raj Subramaniam opaquely reported again on disappointing Q1'24 results. Huge price hikes boosted sales, but disguised serious market share losses to UPS & Amazon.The 'market cap gap' between similar sized UPS is now $72Bn. The future is bleak for arrogant, cost cutting 'new boss, same as the old boss'; who blames the economy,  not incompetent execution. Full analysis here

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20 Sep 23

Updated: 20 Sep 23

HPE homes in
on Hybrid Cloud

Neri overhauls Greenlake
leadership, "unifies" team 

Hewlett Packard Enterprise (HPE) is restructuring to accelerate its hybrid cloud sales offensive, creating a new organization that includes the storage business unit. ‘These changes to HPE’s structure and leadership will further unify our portfolio and enhance the delivery of a true cloud experience for our customers and partners" commented ceo Antonio Neri

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19 Sep 23

Updated: 19 Sep 23

Steelcase stuck in 

hybrid hiatus era?

Collab specialists pivot to
furnish flexible workspaces

Steelcase the leader in collaborative office furnishings, recovery reversed in Q2'24 to 31Aug'23. Disappointingly, ceo Sara Armbruster reported another soft order book related to macroeconomic concerns, despite investments in the hybrid work future. What is happening with the former innovative industry leader? Full analysis here

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19 Sep 23

Updated: 19 Sep 23

Wayfair Wonder?
For real or fantasy

Will market share gains
plan produce profitability 

Online international home office furniture reseller, Wayfair's stock has surged by +115% in 2023, but uncertainty looms over its long-term prospects. Despite gaining market share through broad product availability and fast delivery, its financial performance doesn't match its pre-Covid growth rates and profitability is still a major concern. Seeking Alpha analyses and comments on recent presentations....

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19 Sep 23

Updated: 19 Sep 23

Musk's X Twitter
self destructs...

'Pay to Post' sub proposal
kills content & advertising?

Is the richest genius in the world also the most stupid? Since Elon Musk acquired the #1 global #1 street broadcasting news platform Twitter for $44Bn almost a year ago, he has destroyed it. Musk has killed the spirit, the employees, the brand, and decimated readership. Now he has decided to charge contributors a subscription!? Desperate reversal of the successful advertising model that grows with readership. X marks the death spot. 

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18 Sep 23

Updated: 19 Sep 23

Depot's CEO Smith
takes medical leave 

Veteran Vassalluzzo
takes on responsibility 

A non-executive chairman of the ODP Corp (inc. Depot/Max). board is assuming CEO Gerry Smith’s authority and responsibilities while he is out on leave for an unspecified medical procedure. ODP says Smith will require several weeks of recovery time.

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18 Sep 23

Updated: 19 Sep 23

Top papermkrs rid
Russian operations

IP & Mondi sell paper
& packaging interests

The big brands exodus from Russia continued apace: 3M, Unilever, Stora, Smurfit Kappa, International Paper and now Mondi Group. We provide full details of the sales and imminent moves in the pipeline....

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18 Sep 23

Updated: 18 Sep 23

TDSynnex synergies
see low layoff levels

<2% workforce involved
in voluntary severance 

Global #1 tech $60Bn wholesaler TD SYNNEX let go of around 100 employees on Friday, just two months after distributor implemented a voluntary severance program.  CEO Rich Hume said the cuts are related to “merger synergies" following the 2021 marriage of Tech Data and Synnex

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18 Sep 23

Updated: 18 Sep 23

Clorox cleaned out
by cyber attack

Order processing delays
hit stock availability

Clorox Company, the $7Bn in sales, cleaning brands giant, reported a serious cyberattack that has disrupted operating systems since 14Aug.CEO Linda Rendle said it is premature to make a determination on the longer-term impact, including fiscal year outlook. The company will provide an update as to f inancial impact after it has increased visibility.

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18 Sep 23

Updated: 20 Sep 23

Stora supplant
'transformer' CEO

Will veteran successor
revert to status quo?

Leading global packaging maker Stora Enso sales plunged through industry wide weak demand in Q2'23 causing a huge operating loss.  It seems the board held ceo Annica Bresky responsible and have appointed a replacement industry veteran with all speed.