Women's apparel retailer Body Central Corp cut its second-quarter outlook following heavy discounting to clear out inventory, sparking a selloff that wiped out half its market value for the second time in as many months.
Price cuts may hurt J.M. Smucker Co's earnings this year, but the company hopes to win back customers who ditched its brands such as Folgers coffee and Jif peanut butter for cheaper alternatives.
Tempur-Pedic International Inc lost nearly half its value on Wednesday after the mattress maker slashed its full-year forecasts and admitted it was losing ground to fast-moving rivals in the specialty market it once dominated.
Tempur-Pedic International Inc lost more than 40 percent of its value after the mattress maker was caught napping by fast-moving rivals in the specialty market it once dominated, forcing it to slash its full-year forecast.
Green Mountain Coffee Roasters Inc independent director Douglas Daft resigned from its board this week at a time when concerns of slowing growth and allegations of accounting malpractices have hammered the stock.
Specialty apparel retailer Express Inc reported lower-than-expected quarterly results and cut its full-year earnings outlook as it botched up its strategy to drive more sales of pricier knitted tops for women.
Shares of nutritional supplements marketer Herbalife Ltd rose more than 16 percent in regular trading on Wednesday after famous short seller David Einhorn did not present the stock as one of his short ideas at a conference.
More than a hundred years ago, U.S. mattress maker Sealy Corp launched an advertising campaign with the line, "Sleeping on a Sealy is like sleeping on a cloud."
At the turn of the 20th century, U.S. mattress maker Sealy Corp launched an advertising campaign with the line, "Sleeping on a Sealy is like sleeping on a cloud."
Green Mountain Coffee Roasters Inc stripped its founder, Robert Stiller, of his role as chairman and demoted another director for selling company shares at a time when trading by insiders was prohibited.