Best Buy CEO
Best Buy, the $43Bn US electronics retailer continued its anaemic growth trend. Now CEO Corie Barry appointed last June is under investigation for conducting an inappropriate relationship with a senior colleague in recent years
Fastenal fading
Fastenal, the $5Bn in sales, US reseller of MRO & vending supplies, continued to slowdown in Q4'19 from its rapid double digit pace of growth in early 2019. This is usually a leading indicator for slowing business and consumer demand. Watch this space for similar reports in next few weeks
Knoll cutting
XPO Logistics
Shares of XPO Logistics rose more than 15% after the transporter announced it was exploring structural changes, including spinoffs. Like FedEx, CEO Brad Jacobs' firm has failed to adapt to the new market demand for immediacy driven by Amazon & UPS
US economy in
In the last six weeks of 2019, the U.S. economy overall continued to grow "modestly" with solid holiday sales, consumer spending rising at a "modest to moderate pace, and manufacturing activity essentially flat in most districts, according to the Federal Reserve's Beige Book report.
M/Soft Windows:
Mighty Microsoft has reported disturbing news. First, in spite of a vigorous campaign to replace Windows 7 with Windows 10, a third of users have not acted. Now it reports the National Security Agency has discovered a major security flaw with W10?
Target's tumbling
Leading US retailer Target reported decelerating sales growth trends in recent quarters compared with 2018. Q4'19 sales, including the Christmas-Thanksgiving holiday, sales fell in organic terms for the first time in recent years
Bush's online
Bush Industries a leader in the affordable office furniture market has been acquired by a leading Canadian home office KD (RTA) designer/manufacturer.
PC market
After years of consistent declines, PC sales appear to have finally turned a corner. Market researchers Gartner and IDC reported today that PC sales grew during the fourth quarter of 2019, boosting the entire year into the black.
Mondi meltdown
Leading paper & packaging maker Mondi's CEO Peter Oswald is leaving the business iafter 18 years. Coincidentally, it has announced the closure of its last 2 packaging plants in the UK. We discuss what's next...
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