Latest news with #Ohio-headquartered
News18
3 days ago
- Business
- News18
Victoria's Secret Website Disrupted by Cybersecurity Incident, Here's What We Know
Last Updated: Victoria's Secret website continued to remain offline after a 'security incident.' As users worry about their customer data, here's what we know so far. One of the global leaders in lingerie retail, Victoria's Secret, suddenly closed its website on Wednesday after it was hit by a cyberattack. The website remained offline even on Thursday, and users took to the brand's social media platform to express their disappointment. Following the security breach, the company proactively disabled its website and some in-store services, stating that teams are working diligently to bring systems back online. Taking to their Instagram, Victoria's Secret shared a note for their customers yesterday. The note read, 'Valued customer, we identified and are taking steps to address a security incident. We have taken down our website and some in-store services as a precaution. Our team is working around the clock to fully restore operations. We appreciate your patience during this process. In the meantime, our Victoria's Secret and PINK stores remain open, and we look forward to serving you." Users visiting the site are also met with the same statement. As reported by the New York Times, Victoria's Secret's physical stores continue to serve customers without interruption as online operations remain affected. By Thursday morning, the retailer's shares had dropped by 8% since Tuesday, reflecting investor concerns. Although the company hasn't specified when the breach occurred, signs of the disruption began surfacing earlier in the week. The source of the cyberattack on the Ohio-headquartered brand has yet to be identified. Many users took to social media to tweet about the website being inactive for several days. victoria's secret it department rn — stella (@EMBRIOCHE) May 27, 2025 No one is talking about Pink and Victoria secret site being down, the cute panties are inaccessible, and I can't use my points!! — wanwan ???? Vtuber (@wanwanwoof) May 28, 2025 You're laughing? The Victoria's Secret website has been down for days due to a cyber attack and you're laughing?— ayesha (@beautiful_hag) May 29, 2025 Victoria's Secret's digital storefront has been notably absent for several days, raising speculation about a potential ransomware incident. While the company has not confirmed the nature of the disruption, such prolonged outages often point to cyberattacks, leaving millions of customers across the globe uncertain about their customer data on the brand's server. This development follows a string of similar attacks targeting major U.K. retailers, including Marks & Spencer, the Co-Op, and Harrods. Now, it appears the iconic lingerie brand may be facing a comparable cybersecurity challenge. Founded in 1977 by Roy Raymond in San Francisco, Victoria's Secret is one of the leading retailers of lingerie, clothing, and beauty products. From bras and underwear to fragrances and loungewear, the brand is best known for its glamorous image, iconic fashion shows, and wide range of products. The brand has become a cultural phenomenon through bold marketing and supermodel-led campaigns. While it has faced criticism and evolving market pressures in recent years, it continues to remain a prominent name in the global fashion and lingerie industry, now focusing more on inclusivity and modern branding. First Published:
Yahoo
4 days ago
- Business
- Yahoo
JM Smucker to close Hostess Brands plant
JM Smucker is set to close its manufacturing facility in Indianapolis, Indiana, as part of the 'continued optimisation' of its sweet baked snacks unit. The facility in question manufactures products under the Hostess brand, which JM Smucker purchased in 2023 in a $5.6bn transaction. The Orrville, Ohio-headquartered company said in a statement that it will shut down the Indianapolis plant and purse a sale of the site by early 2026. Production will be switched to other unspecified factories, JM Smucker added. Judd Freitag, senior vice president and general manager of the pet and sweet baked snacks business unit, said the move is in line with the 'ongoing work to ensure our manufacturing network is optimised to mitigate costs and reduce complexity in support of the execution of our sweet baked snacks strategy, which is focused on stabilising the Hostess business and positioning it for long-term growth'. JM Smucker, which also owns the Folgers, Bustelo and Jif brands, did not provide details about the number of employees that will be affected by the closure. However, Freitag said: 'Any decision that impacts our employees is only made after careful consideration. We appreciate the contributions of our Indianapolis employees, and we will support them through this transition.' The company has faced challenges with Hostess, reporting a third-quarter loss in March after recording goodwill impairment charges exceeding $1bn. JM Smucker posted a net loss of $662.3m for the three months ended 31 January, compared to a profit of $120.4m a year earlier. In August, JM Smucker also announced plans to lay off 79 workers at the Lenexa, Kansas offices of Hostess. Additionally, JM Smucker has been divesting other assets. Following the Lenexa layoffs, the company agreed to sell its cookies brand to Second Nature Brands in an all-cash transaction valued at $305m. The deal included the Voortman Bakery brand, its manufacturing site under lease in Ontario, and approximately 300 employees. JM Smucker acquired Voortman when it purchased Hostess Brands, which had bought Voortman in 2019 for $320m. In February, JM Smucker sold its Cloverhill and Big Texas brands to JTM Foods for around $40m. The transaction included Cloverhill pastries, Big Texas cinnamon rolls, private-label products, and a manufacturing facility in Chicago. "JM Smucker to close Hostess Brands plant " was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
Yahoo
04-04-2025
- Business
- Yahoo
Consumers Bancorp, Inc. (CBKM): Insider Were Buying In Q1 2025
We recently published a list of . In this article, we are going to take a look at where Consumers Bancorp, Inc. (OTCQX:CBKM) stands against other micro-cap stocks insiders were buying in Q1 2025. The White House announced Tuesday that Trump's tariffs would take effect immediately after being unveiled on Wednesday. In anticipation of these 'reciprocal tariffs,' which will apply to all countries, the stock market reacted. By Tuesday morning, the broader market index and Nasdaq Composite dropped by about 0.2%, while blue-chip companies lost 0.06%. Amid ongoing market uncertainty, insider trading often comes under the spotlight. Executive stock purchases can signal optimism, but sales may reflect personal financial decisions or a need to diversify investments. To maintain transparency, executives typically follow pre-arranged strategies, like 10b5-1 plans. While insider trading can offer valuable information, it's important to evaluate it in the broader context of the company's financial stability and current market trends. Today, we're focusing on stocks with micro market capitalizations that have seen significant insider buying in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps under $250 million where at least three insiders purchased shares in the past three months. From this list, we ranked the top 10 stocks with the highest number of insiders making purchases. Stocks that have been recently covered were excluded from our analysis. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the number of insiders who acquired shares in the first quarter and market capitalizations. A view of a busy banking hall, customers engaging with banking staff to conduct their financial transactions. Number of insiders buying: 6 Market Capitalization: $63.42 million Consumers Bancorp is the holding company for Consumers National Bank, which offers a range of banking services for individuals, farmers, and small businesses. The Minerva, Ohio-headquartered company provides various deposit products, loans for commercial, residential, and agricultural purposes, and consumer loans like auto loans and personal lines of credit. It also invests in securities and offers credit cards, ATMs, and online banking. Last month, the company's board of directors declared a quarterly dividend on the outstanding shares of the corporation's common stock in the amount of $0.19 per share. In a recent development, Consumers National Bank announced the opening of a new full-service branch at 2117 Lincoln Way E in Massillon, Ohio, marking its ninth location in Stark County and 22nd overall. Ralph J. Lober II, president and CEO, emphasized that the new branch will enhance service to personal, business, and agricultural customers in the area, with Lacey Kintz serving as the Massillon Branch Relationship Manager. In February and March, six insiders, including the president and CEO, bought approximately $84,925 worth of Consumers Bancorp shares at an average price of $19.12 per share. The stock now trades at $20.25 per share, having risen 3.90% year-to-date, and 24.62% over the past 12 months. Analyst coverage on Consumers Bancorp stock is currently limited. Overall, CBKM ranks 2nd on our list of micro-cap stocks insiders were buying in Q1 2025. While we acknowledge the potential of CBKM our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CBKM but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
30-03-2025
- Business
- Yahoo
Is TransDigm Group (TDG) The Most Expensive Stock Insiders Are Dumping In March?
We recently published a list of . In this article, we are going to take a look at where TransDigm Group Incorporated (NYSE:TDG) stands against other most expensive stocks insiders are dumping in March. After being in the green for a few trading sessions, the broader market index slid 0.8% on Wednesday, and blue-chip companies declined 0.1%. The NASDAQ Composite was down 1.6% in the early afternoon. On Tuesday, Trump provided an update on tariffs, saying they will likely be more 'lenient than reciprocal,' suggesting a more relaxed approach, reports CNBC. As investors process daily market developments, uncertainty continues to impact the market. In these periods, insider trading often attracts attention, as purchases of company stock by executives may suggest confidence in the company's future. However, insider selling doesn't necessarily imply a lack of faith—it may be driven by personal financial needs or a desire for diversification. Executives frequently rely on pre-established plans, such as 10b5-1, to maintain transparency. While insider trading can provide useful insights, it should be evaluated in the context of a company's financial health, market trends, and industry changes. What are some of the most expensive stocks insiders have been selling this month so far? To find out, we used Insider Monkey's insider trading stock screener, focusing only on stocks where at least three insiders had sold shares in March. From there, we ranked the 20 stocks with the highest average price per share in times of sales. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). With each stock, we note the average price per share of these sales and the stock's market capitalization. Market Capitalization: $78.19 billion TransDigm Group Incorporated (NYSE:TDG) is an aerospace company that manufactures engineered components for both commercial and military aircraft. The Cleveland, Ohio-headquartered company recently acquired Raptor Scientific for $655 million, which is expected to drive future revenue growth. TransDigm offers products across three main segments: Power & Control, Airframe, and Non-Aviation, serving a wide range of customers, including airlines, military agencies, and equipment suppliers. The stock is also one of the . For the first quarter of fiscal 2025, TransDigm (NYSE:TDG) reported a net income of $493 million, up 29% from last year, driven by a 12% year-over-year surge in net sales. Adjusted earnings per share were $7.83, growing 9% from the prior year's quarter. This month, four insiders, including the president and CEO, COO, and CCO, sold approximately $159.01 million worth of TransDigm shares at an average price of $1,342.48 per share. Currently, the stock trades at $1,394.11 per share, having rose 10.01% year-to-date and 13.98% over the past 12 months. Based on 11 Wall Street analysts' ratings, Transdigm (NYSE:TDG) stock is a 'Strong Buy,' with an average price target of $1,527.45. According to TipRanks, the average price target suggests a 9.56% upside from the latest price. Overall, TDG ranks 2nd on our list of most expensive stocks insiders are dumping in March. While we acknowledge the potential of TDG our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TDG but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
