Latest news with #GinaBoswell
Yahoo
23-05-2025
- Business
- Yahoo
Bath & Body Works Makes Nike Executive Its New CEO
On May 19, Bath & Body Works, Inc. (NYSE:BBWI) announced the immediate replacement of its CEO, Gina Boswell, with Daniel Heaf. He was recently Nike's chief strategy and transformation officer until the elimination of his role by Nike's new CEO, Elliott Hill. A female customer browsing a variety of body care products in a retail store. Bath & Body Works, Inc. (NYSE:BBWI) now has a second new CEO in less than 3 years. Boswell came over to Bath & Body Works, Inc. (NYSE:BBWI) in December 2022 from consumer products giant Unilever. She steered the company to profitability amid the pandemic, bolstering its position in the scented lotions and soaps category. The company announced that she was set to undergo surgery in March, taking a leave of absence lasting "several weeks." The new CEO of Bath & Body Works, Inc. (NYSE:BBWI) met with top executives on Sunday and will be introduced to the company on Monday. Since a significant portion of the company's supply chain is concentrated in North America, it is uniquely shielded from Trump's tariffs and is looking for expansion and acceleration. While we acknowledge the potential of BBWI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BBWI and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Sign in to access your portfolio
Yahoo
22-05-2025
- Business
- Yahoo
Bath & Body Works Makes Nike Executive Its New CEO
On May 19, Bath & Body Works, Inc. (NYSE:BBWI) announced the immediate replacement of its CEO, Gina Boswell, with Daniel Heaf. He was recently Nike's chief strategy and transformation officer until the elimination of his role by Nike's new CEO, Elliott Hill. A female customer browsing a variety of body care products in a retail store. Bath & Body Works, Inc. (NYSE:BBWI) now has a second new CEO in less than 3 years. Boswell came over to Bath & Body Works, Inc. (NYSE:BBWI) in December 2022 from consumer products giant Unilever. She steered the company to profitability amid the pandemic, bolstering its position in the scented lotions and soaps category. The company announced that she was set to undergo surgery in March, taking a leave of absence lasting "several weeks." The new CEO of Bath & Body Works, Inc. (NYSE:BBWI) met with top executives on Sunday and will be introduced to the company on Monday. Since a significant portion of the company's supply chain is concentrated in North America, it is uniquely shielded from Trump's tariffs and is looking for expansion and acceleration. While we acknowledge the potential of BBWI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BBWI and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
19-05-2025
- Business
- CNBC
Stocks making the biggest moves midday: UnitedHealth Group, Tesla, Alibaba and more
Check out the companies making headlines in midday trading. UnitedHealth — The health insurer's stock popped roughly 7% as investors scooped up shares of the beaten-down name, which lost 23% last week. UnitedHealth had suspended its 2025 guidance, announced that its CEO is stepping down and is reportedly the subject of a U.S. Department of Justice investigation . Reddit — Shares of the social media stock dropped more than 4% following a downgrade to equal weight from overweight at Wells Fargo. The firm said search traffic disruptions at Reddit are likely to become lasting as Google's search integrates full artificial intelligence capabilities. Tesla , Palantir — Shares of retail investor favorites Tesla and Palantir each slid more than 3% as key tech stocks led Monday's stock market losses. Regeneron Pharmaceuticals — Shares of the drugmaker dropped about 1% after the company announced it had agreed to pay $256 million to buy most of the assets of genetic data company 23andMe out of bankruptcy. Regeneron's deal does not include Lemonaid Health, 23andMe's telehealth subsidiary. Bath & Body Works — Shares ticked 1% lower after the personal care retailer said CEO Gina Boswell would step down immediately. The company said former Nike executive Daniel Heaf would replace her. Alibaba — U.S.-listed shares of the Chinese e-commerce giant traded 1% lower after the New York Times reported that the Trump administration has raised concerns about Apple' s plan to use Alibaba's A.I. on iPhones in China. TXNM Energy — Shares of the energy company popped 7% after TXNM agreed to be acquired by Blackstone's infrastructure unit. TXNM Energy shareholders will receive $61.25 in cash for each share as part of the deal. — CNBC's Alex Harring, Jesse Pound and Michelle Fox contributed reporting.
Yahoo
19-05-2025
- Business
- Yahoo
Bath & Body Works Names New CEO, Preannounces Results, Affirms Outlook
Bath & Body Works CEO Gina Boswell resigned and was replaced by former Nike executive Daniel Heaf. The personal care and home fragrance retailer also reported preliminary first-quarter results and reiterated its full-year outlook. Bath & Body Works had warned in February that tariffs on Chinese goods and soft consumer demand would drag 2025 of Bath & Body Works (BBWI) fell after the personal care and home fragrance retailer shook up its top leadership, gave preliminary first-quarter results, and reiterated its 2025 outlook. The company said that CEO Gina Boswell was stepping down immediately, and was being replaced by former Nike (NKE) executive Daniel Heaf. Bath & Body Works did not give a reason for Boswell's departure. Chair Sarah Nash called Heaf "a forward-thinking leader with a remarkable track record of driving innovative, transformative growth across iconic global brands." Nash added that Heaf, his leadership team, and the board "will partner closely to develop a forward-looking strategy that honors the company's legacy while embracing bold, necessary transformation to meet consumers where they are." Along with the CEO change, Bath & Body Works announced preliminary Q1 earnings per share of $0.49 on net sales up 3% year-over-year to $1.42 billion. The "sales were at the high end of the guidance range, and earnings per share exceeded the high end of the guidance range," it said. Bath & Body Works affirmed its outlook for full-year EPS of $3.25 to $3.60, and revenue higher by 1% to 3%. It had initially given that guidance in February when it warned Trump administration tariffs on China and soft consumer demand would hurt results. Bath & Body Works shares, which slipped 1.2% in recent trading, are down about 14% this year. Read the original article on Investopedia
Reuters
19-05-2025
- Business
- Reuters
Bath & Body Works appoints former Nike executive Daniel Heaf as CEO
May 19 (Reuters) - Bath & Body Works (BBWI.N), opens new tab said on Monday it has appointed former Nike (NKE.N), opens new tab chief strategy and transformation officer, Daniel Heaf, as chief executive, effective immediately. He replaces Gina Boswell, who has been at the helm of the beauty and skincare firm since November 2022. In March, the company said Boswell would be temporarily absent, for several weeks, for surgery. The change in leadership comes as the company grapples with uncertain discretionary spending, which caused it to forecast annual sales and profit largely below expectations in February. The company on Monday also announced preliminary first-quarter results and said it maintains its full-year net sales and profit forecast. Net sales rose 3% to $1.42 billion for the quarter ended May 3, in line with analysts' expectations, while profit per share of 49 cents exceeded estimates of 42 cents, according to data compiled by LSEG.
