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Matt Townsend

Matt Townsend

Business Editor of Checkout at Bloomberg

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  • English
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Media Database
Matt Townsend

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.

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.

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.

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.

Nike Wins $1 Billion Contract With NBA as Adidas Walks Away - Bloom...

Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over for Adidas AG after that company’s contract runs out in 2017.

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.

How Home Depot Plans to Turn Spring Into Christmas - Bloomberg

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

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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.

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.

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.

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.