
Inti Pacheco
Data Reporter at The Wall Street Journal
| Data reporter @WSJ | [email protected] | DM for Signal, Whatsapp, Keybase | "Me deprimo despacio"
Articles
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1 week ago |
finance.yahoo.com | Inti Pacheco
Longtime CEO Robert Greenberg stands to collect a $1 billion payout and will stay on after the take-private deal.
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1 week ago |
on.wsj.com | Inti Pacheco
Greenberg, 85, stands to collect a more than $1 billion payout from the stake he controls in the company through trusts. The CEO and other executives, including his son Michael Greenberg, have agreed to stay on to run the business. They will also take a stake in the privately held company. The deal offers shareholders $63 in cash for each share they hold, sending Skechers shares surging 25% in Monday morning trading.
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1 month ago |
wsj.com | Inti Pacheco
Restoration Hardware CEO Gary Friedman was on a call with analysts Wednesday afternoon talking about the furniture retailer’s clearance strategy and how the housing market could slow in this economic environment. Then he asked colleagues to get a “live read” of his business and checked how the company’s stock was doing. “Oh really? Oh, shit, OK,” Friedman said.
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1 month ago |
wsj.com | Inti Pacheco
Nike shares took a big hit Thursday morning following President Trump’s tariff announcement, falling 13% and erasing more than $12 billion in market value. The new round of tariffs include a 46% rate on goods from Vietnam, 32% on Indonesia and 34% on China, three countries that supply the majority of the company’s products. Shares of Nike’s biggest rivals—Adidas and Puma—as well as retail partners like Foot Locker and Dick’s Sporting Goods also fell on the news.
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1 month ago |
wsj.com | Inti Pacheco
Nike shares fell 5% in after-hours trading after the company reported a 9% decline in sales during the winter months and said it expected a similar drop in the spring season. “We're not satisfied with our overall results. We can and will be better,” said Nike CEO Elliott Hill during a call with analysts Thursday. Executives said that they expect a more than 10% decline for the quarter ending in May but results would begin to moderate after that.
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