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February 25, 2020
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Home Furnishings Retailers (TRBC)

Reuters - Business

Buffett’s Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Reuters
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. FILE PHOTO – Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from......
Reuters - Business

Bed Bath & Beyond’s gloomy sales indicate tough turnaround ahead

Reuters
(Reuters) – Shares of Bed Bath & Beyond Inc (BBBY.O) were on pace for their worst day ever on Wednesday, as disappointing sales numbers raised concerns on Wall Street that the retailer’s turnaround would take longer and be much tougher than anticipated. Shopping carts are stacked up at a Bed......
Reuters - Business

IKEA brand owner appoints Jon Abrahamsson Ring new CEO

Reuters
FILE PHOTO: The IKEA logo is seen on flags outside the IKEA Concept Center, a furniture store and headquarters of the IKEA brand owner Inter IKEA, in Delft, the Netherlands March 16, 2016. REUTERS/Yves Herman/File Photo STOCKHOLM (Reuters) – Inter IKEA Group, owner of the IKEA furniture brand, appointed on......
Reuters - Business

Left’s Citron hedge fund posts 43% gain in first year

Reuters
BOSTON (Reuters) – Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business. FILE PHOTO: Andrew Left, the founder of Citron Research,......
Reuters - Business

Pier 1 to shut up to nearly half of its stores, raises going concern doubts

Reuters
(Reuters) – Home decor and furniture retailer Pier 1 Imports Inc (PIR.N) said on Monday it plans to close up to almost half of its stores, cut jobs and warned about its ability to continue as a going concern in a tough retail environment. FILE PHOTO: The Pier 1 Imports......

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