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Turnaround

All articles tagged with #turnaround

Stellantis bets on a bold turnaround to win back investors
business6 days ago

Stellantis bets on a bold turnaround to win back investors

Stellantis is outlining a 2026 turnaround at a capital markets day led by CEO Antonio Filosa, aiming to restore profitability and cash flow through regionally focused brand strategies (Jeep/Ram in the U.S., Fiat/Peugeot in Europe), a large cost-cutting push via the Value Creation Program, and strategic partnerships, as the stock has fallen about 30% since his appointment and the company posted a €22.3 billion net loss last year amid investor skepticism.

via CNBC|
#business#capital-markets-day#filosa
Starbucks rides earnings beat and higher guidance as Niccol's turnaround gains steam
business28 days ago

Starbucks rides earnings beat and higher guidance as Niccol's turnaround gains steam

Starbucks stock jumped after-hours on a Q2 beat and higher 2026 guidance, with adjusted EPS of $0.50 on $9.5B revenue and 6.2% global same-store sales, as CEO Brian Niccol’s turnaround gains momentum; the company also announced tipping options expansion and $1,200 annual bonuses for baristas and managers, lifting 2026 SSS growth to over 5% and EPS to $2.25–$2.45.

via Yahoo Finance|
#business#earnings#guidance
Nike trims 1,400 roles to accelerate tech-led turnaround
business1 month ago

Nike trims 1,400 roles to accelerate tech-led turnaround

Nike said about 1,400 jobs will be cut globally, with most losses in tech, as part of its Win Now turnaround plan to reshape technology, air manufacturing, Converse operations, and supply chain integration; this follows January's 775 cuts and amounts to under 2% of headcount, with impacts across regions as Nike braces for slower sales, including a 20% China decline this quarter.

via CNBC|
#business#layoffs#nike
Nike's Slow-Burn Comeback: Back to Sports, Partners, and Product
business1 month ago

Nike's Slow-Burn Comeback: Back to Sports, Partners, and Product

Nike is pursuing a slow-moving turnaround under CEO Elliott Hill, refocusing on sports, rebuilding wholesale partnerships, and returning to product innovation after a period of aggressive Direct-to-Consumer emphasis that hurt shelves and margins. The strategy—centered on Hill’s Win Now plan, reorganization by sport, and reducing flooded inventory—faces headwinds from tariff pressure and a weak China market where local brands are gaining ground, while North America shows some growth and new product initiatives (Mind sneakers, SKIMS collab). Progress is evident but progress is gradual, with 12–18 month timelines for new product cycles and sustained wholesale restoration needed for a true recovery.

via Business Insider|
#business#china#direct-to-consumer
Target bets on a comeback with big investment and new leadership
business2 months ago

Target bets on a comeback with big investment and new leadership

Target’s new CEO Michael Fiddelke unveiled a turnaround plan to revive growth, including a 25% jump in capital spending to $5 billion this year to bolster operations, technology, and store design, as he seeks to restore Target’s Tarzhay reputation after years of stiff competition and strategic missteps; the company says February sales rose and expects total sales to grow around 2% for the year.

via CNN|
#business#capital-spending#michael-fiddelke
transportation3 months ago

Southwest 2.0 Delivers a Bold Turnaround

An opinion piece lauds Southwest's 18-month overhaul—rolled out with assigned seating, Extra Legroom, bag-fee changes, a new ops system, six interline partners, and broader distribution—saying the execution was flawless, boosted on-time performance and 2026 guidance (EPS at least $4; unit revenue up), and signals a successful transformation from the post-2022 meltdown to a more efficient, modern airline.

via Cranky Flier|
#airline-industry#on-time-performance#seating-assignments
Starbucks turns US sales growth corner as turnaround gains traction
business3 months ago

Starbucks turns US sales growth corner as turnaround gains traction

Starbucks reported a 4% rise in US same-store sales for the three months to December—the first increase in two years—as it pursues a 'Back to Starbucks' turnaround. Footfall rose 3% and average spend rose 1%, while revenue climbed 6% to $9.9bn but net profit fell 62% to $293.3m due to higher labour and input costs. The company plans to spend $500m this year to add staff, closed underperforming cafés, and opened a net 128 stores, as it refines its store experience ahead of investor day and reiterates a 3%+ comps target for the year.

via Financial Times|
#business#labor-costs#same-store-sales
Starbucks Turnaround Gains Momentum as Sales Rebound
business3 months ago

Starbucks Turnaround Gains Momentum as Sales Rebound

Starbucks posted a quarterly sales rebound that beat expectations, with U.S. same-store sales up 4% and global revenue up 5% to $9.9 billion, signaling the turnaround is ahead of schedule despite profit dropping more than 60% to $293 million as the company invested in store staffing. The results came as traffic and average spend rose, helped by selective store closures (more than 600) and international strength, particularly China (nearly 7% growth). Starbucks also disclosed a plan to sell up to 60% of its Chinese retail operations to Boyu Capital to form a joint venture operating about 8,000 stores. Shares rose in premarket trading.

via The New York Times|
#business#china#earnings
UPS trims 30,000 jobs as Amazon unwind accelerates turnaround
business3 months ago

UPS trims 30,000 jobs as Amazon unwind accelerates turnaround

UPS says it will cut about 30,000 more operational jobs this year as it winds down its Amazon relationship, part of a broader turnaround that has already reduced 48,000 positions; the plan includes around 25 million fewer hours of work, 24 building closures in early 2026, and continued automation, with roughly $3 billion in savings expected from the Amazon unwind. The company also plans a second voluntary separation program for full-time drivers, and shares rose after the earnings release.

via CNBC|
#amazon#automation#business
Google Confirms Curt Cignetti’s Historic IU Turnaround
sports4 months ago

Google Confirms Curt Cignetti’s Historic IU Turnaround

The Daily Hoosier notes that Google now backs Curt Cignetti’s claim about Indiana football, highlighting his 27-2 record over two seasons, IU’s first national championship, the program’s first outright Big Ten title since 1945, and the first 16-0 run in major college football since the 1890s, with the ‘Google me’ slogan spawning merchandise as part of a historic turnaround.

via The Daily Hoosier|
#big-ten#curt-cignetti#google