03 Feb 2021 / 01:28 H.
(Recasts first sentence with stock plunge, adds analyst and company comments, financial details, updates share price)
By Rajesh Kumar Singh and Ankit Ajmera
CHICAGO, Feb 2 (Reuters) - Harley-Davidson Inc s shares plunged more than 20% on Tuesday after the motorcycle maker unexpectedly swung to a quarterly loss, overshadowing a new turnaround plan that targets low double-digit earnings growth through 2025.
Since the middle of last year, the Milwaukee, Wisconsin-based company has shifted focus back to big bikes, traditional markets like the United States and Europe, and older and wealthier customers.
Harley has trimmed its workforce and global dealer network, eliminated slow-selling models and exited markets where weak sales and profits do not justify investment.
Brick-and-mortar mattress stores aren't resting so easy. That's because online retailers are laying claim to what may have seemed like sacred territory for their physical competitors: mattresses.
Starbucks COO exits to be CEO elsewhere, jolting leadership team
Anne Riley Moffat and Ed Ludlow, Bloomberg News
Shane Obata discusses Starbucks
Starbucks Corp.âs operating chief is leaving the coffee chain at the end of February to serve as chief executive officer at another publicly traded company, a key departure for a leadership team thatâs already going through some big changes.
The company didnât say where Chief Operating Officer Roz Brewer is headed, and she didnât immediately reply to a request for comment. The announcement, buried at the bottom of a Tuesday statement on quarterly results, said her responsibilities are being distributed to other members of the leadership team.
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