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Matt Townsend

Matt Townsend

Business Editor of Checkout at Bloomberg

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United States
Covering topics
  • Business
Languages
  • English
Influence score
71
Media Database
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Matt Townsend
bloomberg.com

The Toy That Sparked 1980s Riots Is Still Fueling Fights Today - Bloomberg

The new fight over Cabbage Patch Kids has sabotage, choke holds, and slurs.
bloomberg.com

Best Buy Shows Electronics Aren't Going to Save Christmas Either - ...

Add weak demand for electronics to the list of woes facing retailers during the holidays.
bloomberg.com

Under Armour Investors Approve New Shares as CEO Keeps Control - Bl...

Under Armour Inc. investors approved the creation of a new class of shares that don’t have voting rights, which will maintain founder and Chief Executive Officer Kevin Plank’s control of the sporting-goods maker.
bloomberg.com

Lowe's Squeezes Into Manhattan Space as Big-Box Era Fades - Bloomberg

At the site of a former grocery store on Manhattan’s Upper West Side, Lowe’s Cos. is tackling the ultimate challenge for big-box retail: going small.
bloomberg.com

P&G's New CEO Confronts Lafley's Unfinished Turnaround - Bloomberg

Procter & Gamble Co.’s David Taylor, named to the chief executive officer job on Tuesday, won’t have an easy time completing the turnaround effort of his predecessor.
bloomberg.com

Retailers' Answer to Apple Pay Is Said to Hit Stores in August - Bl...

After almost three years in development, the retail industry’s answer to Apple Pay is finally getting off the ground.
bloomberg.com

New Balance to Challenge Nike With Its Biggest Ad Campaign Ever - B...

New Balance is planning an advertising blitz that’s twice as big as any in its 109-year history, taking aim directly at Nike Inc.

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bloomberg.com

Lumber Liquidators CEO Abruptly Quits Amid Probe of Flooring - Bloo...

Lumber Liquidators Holdings Inc. Chief Executive Officer Robert Lynch unexpectedly resigned from his post, adding to the turmoil for a company facing a federal investigation over allegations that it sold toxic flooring.
bloomberg.com

Home Depot Aiming to Put Apple Pay in Its 2000 Stores - Bloomberg

Home Depot Inc. has the goal of offering Apple Inc.’s mobile-payment platform at its more than 2,000 stores, which would make it the largest retailer yet to accept Apple Pay.
bloomberg.com

How Home Depot Plans to Turn Spring Into Christmas - Bloomberg

Home Depot Inc. keeps trying to turn spring into Christmas.
bloomberg.com

How a 25-Year-Old Sparked Lumber Liquidators' Stock Plunge - Bloomberg

Lumber Liquidators Holdings Inc.’s stock plunge over the past week, fueled by allegations of excessive formaldehyde in its flooring, can be traced back to a blog post from an obscure 25-year-old short seller.
bloomberg.com

Hasbro's Nerf Targets Teenagers After Success Wooing Girls - Bloomberg

Hasbro Inc. accomplished a rare feat last year by taking its 45-year-old Nerf brand, long a favorite of boys, and successfully drawing in girls.
bloomberg.com

American Apparel CEO Wants Less Skin But Will Still Be Edgy - Bloom...

Paula Schneider, American Apparel Inc.’s new chief executive officer, wants the brand to be as provocative as it was under expelled founder Dov Charney. Just with less skin.
bloomberg.com

A Dying Mall in Concord, New Hampshire - Bloomberg

On a crisp Friday evening in late October, Shannon Rich, 33, is standing in a dying American mall. Three customers wander the aisles in a Sears the size of two football fields. The RadioShack is empty. A woman selling smartphone cases watches “Homeland” on a laptop.
bloomberg.com

Home Depot Names Craig Menear to Succeed Blake as CEO - Bloomberg

Home Depot Inc. U.S. Retail President Craig Menear will succeed Frank Blake as chief executive officer in about two months, giving the chain a new leader as it navigates a slowing housing rebound.
bloomberg.com

American Apparel Investor Expects CEO to Fight Termination - Bloomberg

American Apparel Inc.’s largest outside investor said he expects Chief Executive Officer Dov Charney to fight the company over his firing, which may be the prelude to a sale of the clothing maker.
bloomberg.com

Cabbage Patch Kids Get 2014 Makeover With Skechers Shoes - Bloomberg

Cabbage Patch Kids are getting a 2014 makeover, with help from Skechers USA Inc.
bloomberg.com

Wal-Mart Returns to Sam Walton Roots Naming New CEO - Bloomberg

Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.
bloomberg.com

Under Armour Finds Feminine Side to Go Beyond $2 Billion - Bloomberg

Under Armour Inc., founded by a football jock, has long lured hardcore athletes, mostly men.