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Showing results for PETCO SW INC
...The two hedge funds — Odey European Inc and OEI Mac, were subsequently suspended....
...News round-up Odey Asset Management in talks with SW Mitchell over Oliver Kelton’s funds (FT) Sam Bankman-Fried fails to dismiss criminal charges related to FTX (FT) US electric vehicle start-up Lordstown...
...So we wrote the news after seeing a letter from Odey Asset Management, noting that four funds are potentially being transferred to another company called SW Mitchell....
...JPMorgan was lead arranger for Eagle Materials and Mesa Laboratories while Citi led Petco’s deal. Both banks declined to comment....
...Possible buyers include bricks and mortar retail chain Petco; $9bn online pet-supplies seller Chewy; and Wag’s rival Rover....
...Stacey Widlitz, founder of SW Retail Advisors, said that product offerings were “a sea of sameness” that left department stores with only price as a distinguishing feature — “hitting the promotional panic...
...Moody’s rates 31 US retailers, including Petco and Rite Aid, as B2 or B3, which puts them just above the distressed threshold. Their suppliers undoubtedly want the stores to slog through December....
...distress over the past decade are luxury goods brands including Barneys and Neiman Marcus, specialty apparel retailers such as J Crew and Claire’s, and the country’s largest pet suppliers, Petsmart and Petco...
...Those deals, which included loan offerings from Kraton Polymers and NN Inc that had been postponed in 2015 because of market turbulence, rebounded after selling at steep discounts....
...In US earnings, the newly divided Hewlett Packard Enterprise and HP Inc report, as do Analog Devices, Hormel Foods, Dollar Tree, Campbell Soup and Tiffany & Co....
...But Stacey Widlitz, an analyst at SW Retail Advisors, says the slowdown in demand for mid-market timepieces may be as much to do with “watch fatigue”, after a boom in the category over the past few years...
...Petsmart’s closest rival Petco was acquired in a leveraged buyout in 2006. And British retailer Pets at Home listed its shares this year after being owned by KKR....
...The group has suffered from intense competition from online retailers and from rival Petco’s smaller store format....
...Intense competition from online retailers and from Petco’s smaller store format have hurt Petsmart earnings....
...One hopes the board would see reason if a premium bid were slapped down by, say, private equity fund Leonard Green, which already owns rival Petco and could combine the two into MegaPet and squeeze out savings...
...With consumers, you don’t get a second chance at a first impression,” said Stacey Wilditz, retail analyst at SW Retail Advisors....
...“While ‘manufactured in the US’ is a great headline, a lot of that goodwill has been offset by the PR messages that he personally has sent to the public,” said Stacey Widlitz of SW Retail Advisors....
...This is not a guy you want in the boardroom and this is not a guy you want your daughter working for,” said Stacey Widlitz of SW Retail Advisors....
...British retailers “have been moving toward the Americanisation of sales,” said Stacey Widlitz, an analyst at SW Retail Advisors, who divides her time between London and New York....
...Stacey Widlitz of SW Retail Advisors said JC Penney’s short-term survival was not in doubt, but the company needed to improve performance quickly. “You don’t have three years to turn this thing around....
...Grupo Gigante, which operates Mexican units of companies including Panda Express and Petco, made the offer for the 50 per cent of Office Depot de Mexico it does not already own for $690.5m earlier this year...
...After two such deals in the last quarter, Petco Animal Supplies, Pharmaceutical Product Development and Jo-Ann Stores announced proposed PIK toggle offerings this month....
...On Mr Ullman’s reappointment, Stacey Widlitz of SW Retail Advisors said: “I think everybody was hoping for somebody with fresh ideas that they could hang some hope on....
...Stacey Widlitz, of SW Retail Advisors, said the weak Tiffany results raised questions over whether the company has “an execution or a product issue”, or needs “a bit of life breathed back into it”....
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