#impairment-charges

[ follow ]
#kroger #ecommerce-strategy #retail-partnerships #financial-outlook #general-motors #electric-vehicles
E-Commerce
fromTipRanks Financial
1 week ago

Kroger Updates eCommerce Strategy Amid Fulfillment Closures - TipRanks.com

Kroger will close certain U.S. fulfillment centers, incur approximately $2.6 billion in impairments, and target a $400 million eCommerce profitability improvement by 2026 via partnerships and a hybrid model.
fromFortune
1 month ago

General Motors sees $1.6 billion hit from expiry of EV tax incentives, emissions rules relaxation | Fortune

General Motors, which had led the way among U.S. automakers with plans to convert production to an electric fleet of vehicles, said in a regulatory filing on Tuesday that it will have to book charges that include non-cash impairment and other charges of $1.2 billion due to EV capacity adjustments. There's also $400 million in charges mostly related to contract cancellation fees and commercial settlements associated with EV-related investments.
Business
US news
fromwww.npr.org
2 months ago

Kraft Heinz is splitting up

Kraft Heinz is splitting into two companies to unlock value after years of cost-cutting, declining brand valuations, and shifting consumer tastes.
[ Load more ]