BNY is looking to add managed accounts and alternative and private market investment products as it looks to continue growing. This announcement came as the global financial services company reported third-quarter results that showed growth across its three business segments — security services, market and...
Delta Air Lines continues to demonstrate resilience in the business travel sector, building on strong performance from previous quarters as it reported third-quarter financial results Thursday (Oct. 10). Corporate travel sales rose 7%, driven by the airline’s focus on premium offerings, which have consistently outperformed main...
Value is the key to gaining share in the quick-service restaurant (QSR) space in today’s macroeconomic environment, Domino’s executives said Thursday (Oct. 10). The pizza company gained share over the past year by offering “more for less” together with rewards that keep customers coming back,...
Payments processor Thredd said Thursday (Oct. 10) that it saw year-over-year transaction growth of 20% in the third quarter amid growing demand for buy now, pay later (BNPL), B2B payments and specialty travel programs. “These results are a direct result of listening very carefully to our clients...
Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name in khakis, Dockers has struggled to maintain its relevance in a marketplace driven by changing consumer preferences and the rise...
The consequences of its flawed direct-to-consumer (D2C) strategy continue to haunt Nike. As reported Tuesday (Oct. 1), the company’s revenue showed weakness across all channels as it tried to curry favor with its wholesale partners and recapture some of the magic that brought it double-digit...
As CarMax adapts to a shifting automotive landscape, the company is focused on improving the customer experience to maintain its leadership as the nation’s largest used car dealer. Despite a 12.7% decrease in wholesale sales (where vehicles are auctioned off to auto dealers), CarMax on...
In some ways, FedEx is a bellwether of global trade and logistics. After all, global growth, inflation, fuel costs, interest rates, supply chain disruptions and competition are all elements that affect FedEx’s revenue, margins and strategic investments. They also each represent things all businesses need...
In an increasingly fast-paced dining landscape, Darden Restaurants is under pressure to improve operational efficiency across its diverse portfolio, which includes Olive Garden, LongHorn Steakhouse, and fine dining establishments like The Capital Grille. Darden Restaurants President and CEO Rick Cardenas acknowledged the need for speed during...
