Category: money

W. Galen Weston, billionaire and ‘retail visionary,’ is dead at 80

Weston’s family announced his death on Tuesday, saying in a statement that he died “peacefully at home after a long illness faced with courage and dignity.” The retail magnate was one of Canada’s wealthiest people, having amassed a net worth of $10.7 billion, according to the Bloomberg Billionaires Index. Weston was the third generation of

Bed Bath & Beyond (BBBY) Q4 2020 earnings

Source: Bed Bath & Beyond Bed Bath & Beyond on Wednesday reported a double-digit decline in fiscal fourth-quarter sales, as ongoing store closures and divestments that are part of a bigger turnaround plan continue to weigh on results. Its shares were falling around 2% in premarket trading. The big-box retailer reaffirmed a prior sales outlook