Grill maker Weber is planning a 10% “reduction of force” in its management staff after reporting a 21% drop in sales Monday (Aug. 15). It’s part of a larger cost-management strategy the company is undertaking as it struggles with a range of factors hampering its...
Today in retail, Uber launches a pair of Los Angeles-based robotic delivery pilot programs, while Walmart and Target are among the big retailers set to report their quarterly earnings this week. Plus, Walmart is struggling to find manager candidates, even with a $210,000-plus salary. Uber...
Grill maker Weber’s efforts to turn around its flagging omnichannel retail business didn’t work out as planned in the second quarter of fiscal 2022 — the three months ending March 31. Weber reported a net loss of $51 million year over year and a 6%...
Today in retail, restaurants and grocery stores use shrinkflation to get customers to pay the same amount for less of what they want, while Weber widens its reach to expand its customer base. Plus, Sephora and Kohl’s will have 850 shop-in-shops by the end of...
December 12, 2022
Grill maker Weber is to go private with its planned acquisition by BDT Capital Partners. Subject to customary conditions, the 70-year-old company is being acquired for $8.05 per share — implying a $3.7 billion total enterprise value. Weber is also receiving a $350 million unsecured loan facility that the firm will use to pay existing debts, invest in […]
August 15, 2022
Grill maker Weber is planning a 10% “reduction of force” in its management staff after reporting a 21% drop in sales Monday (Aug. 15). It’s part of a larger cost-management...
May 16, 2022
Grill maker Weber’s efforts to turn around its flagging omnichannel retail business didn’t work out as planned in the second quarter of fiscal 2022 — the three months ending March...
