Continuing its comeback, Twitter just reported better-than-expected financial results for the first quarter of the year. Twitter said quarterly revenues reached $787 million, which represented a nearly 20% gain, year-over-year. On the not-so-bright side, Twitter reported 330 million monthly active users for the quarter, which represented a decline of about 6 million MAUs, year-over-year.
Consumers rank Bass Pro Shops as one of the most reputable companies in the world according to a new national study. The Reputation Institute – a national reputation management organization – in conjunction with Forbes conducted the single largest reputation study in the history of the United States, using more than 167,000 individual ratings to measure more than 2,200 companies across the country.
J.C. Penney confirmed that it stopped accepting Apple Pay in connection with an April 13 deadline that required merchants to retire old magnetic stripe functionality. The retailer decided to stop accepting the mobile wallet after a deadline from a third-party credit card brand, which the retailer declined to name, requiring merchants to accept EMV contactless functionality, according to a statement provided by J.C. Penney. There are questions as to whether the department store chain will bring back Apple Pay, as it suggested low customer adoption and the inability to control purchase data for transactions via the mobile wallet.
The U.S. Postal Service today honored legendary tennis champion Maureen Connolly Brinker (1934–1969) at Southern Methodist University by issuing a Forever stamp graced with the nickname she was known for when she was the best in her sport: “Little Mo.” In the early 1950s, the 5-foot-4-inch dynamo dominated the tennis world, using powerful groundstrokes to become the first woman to win all four major tennis tournaments in a calendar year. From 1951 to 1954, Connolly amassed nine major singles titles and three major doubles titles. For three years in a row, she was the top-ranked player in the world, and the Associated Press named her its “Woman Athlete of the Year” three straight years (1951—1953).
Chico's FAS, Inc. (NYSE: CHS) (the "Company") today announced that Bonnie Brooks, former Vice Chair, President and CEO of Hudson's Bay Company and a current member of the Chico's FAS Board of Directors, has been appointed Interim CEO of the Company, effective immediately. This appointment follows the resignation of Shelley Broader from her roles as CEO and President, and a member of the Board.
Urban Outfitters, Inc. (NASDAQ:URBN), a leading lifestyle products and services company which operates a portfolio of global consumer brands comprised of Anthropologie, BHLDN, Free People, Terrain and Urban Outfitters brands and the Food and Beverage division, today announced two changes in personnel at its Anthropologie brand. First, Andrew Carnie, President, Home Garden and International at the Anthropologie Group will leave URBN to return to his home in the United Kingdom. Andrew will step down as of April 26, 2019. “We thank Andrew for six years of service to the Company. Under his leadership, Home category sales doubled, the brand successfully launched a Home wholesale business and Anthropologie opened its first two stores in continental Europe,” said Richard A. Hayne, CEO and Chairman of Urban Outfitters, Inc.
The fifth annual Independent Bookstore Day (IBD) takes place on Saturday, April 27, with 580 stores participating, up from 507 last year. The largest concentration of participants is in the New England and Mid-Atlantic region, where a total of more than 170 stores have signed on according to the IBD map; California has the next largest number of participants, at 95, with the Midwest counting 93 stores participating. The American Booksellers Association, Penguin Random House and Ingram are the principle sponsors of the day, and novelist Tayari Jones is serving as IBD ambassador.
Grainger (NYSE: GWW) today reported results for the 2019 first quarter. Sales of $2.8 billion in the quarter increased 3.0 percent daily versus $2.8 billion in the 2018 first quarter. On a constant currency basis, daily sales were up 4.0 percent and up 4.5 percent after normalizing for the impact of a prior year change in accounting estimate. More specifically, a small group of U.S. customers were transitioned from the cash to accrual basis of accounting as a result of their improved credit profile. The first quarter had one less selling day than the prior year period.
The UPS Store, Inc. is inviting entrepreneurs and small business owners from across the country to enter the Small Biz Challenge, a contest that is offering eligible small business owners a chance to win up to $25,000 and an editorial feature in Inc. Magazine.
The iconic Red Nose has returned to Walgreens for its fifth year in support of Red Nose Day, this time with help from some friends. The new Red Nose Day Everyday Heroes hit the shelves of Walgreens and Duane Reade locations nationwide this morning, officially launching the six-week fundraising campaign. The limited-edition Everyday Hero Red Noses – to wear in support of Red Nose Day on Thursday, May 23 – are available for $2 each through June 1, with all profits from sales benefitting Red Nose Day.