Activist investor Barington Capital is lobbying for changes at popular steak restaurant Outback Steakhouse. James Mitarotonda, CEO of the hedge fund, is calling on Bloomin’ Brands to spin off three of its smaller brands into […]
Gap said on Tuesday that Jeff Kirwan, president and chief executive of its eponymous brand will leave the apparel retailer, pushing its shares down 5 percent. The news comes just over a week before Gap […]
January’s disappointing retail sales shouldn’t worry retailers, said Jerry Storch, former chief executive officer and board member of Canadian retail company Hudson’s Bay. “January just doesn’t matter,” Storch told CNBC on “Power Lunch” Thursday. Storch, […]
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