Things are not going well at Tesla right now. The stock is down more than $100 per share year-to-date, as many as 20,000 people are set to lose their jobs, the Cybertruck keeps breaking, operating profit is expected to be down 40 percent when it’s announced later today and the $25,000 electric vehicle that Tesla … Read more
By Reuters Published Apr 26, 2024 Walmart said on Thursday that Rob Walton would retire from the board of the big-box retailer at the end of his term on June 5. Archivo Walton, the eldest son of Walmart founder Sam Walton, served as the company’s chairman of the board of directors from 1992 to 2015, … Read more
Tesla’s Semi truck, promised to deliver 500 miles of range, easy hauling, and low cost of operation, was unveiled in November of 2017. At the time dozens of fleets around the world placed orders for hundreds of trucks. The two largest orders, however, were for UPS and Pepsi, ordering 125 and 100 trucks respectively. Production … Read more
By Bloomberg Published Apr 1, 2024 Gildan Activewear Inc.’s former chief executive officer said he has a strategy to nearly double the clothing maker’s profits by 2028 if he returns to the job — and that investors will be better off with his plan than selling the company to the highest bidder. Glenn Chamandy – … Read more
Macy’s, Inc. announced on Monday that Michael Krans has joined the U.S. retailer as vice president, Macy’s Media Network. Macy’s In this role, Krans oversees the New York-based company’s in-house media publisher dedicated to connecting advertising partners with Macy’s and Bloomingdale’s customers. Upclose, Macy’s Media Network appeases the firm’s customer base with personalized, inspiring content … Read more
By Reuters Published Mar 8, 2024 Opening new stores is back in style – at some U.S. retail chains. Executives at several major retailers in recent weeks have touted the chains’ efforts to gain market share by adding new locations. Target, for instance, is adding 300, Walmart, 150; Sam’s Club, 30; Bloomingdale’s, 15 and Bluemercury … Read more
By Bloomberg Published Mar 4, 2024 Berlin-based Razor Group is buying Boston-based Perch in an all-stock deal, accelerating the consolidation of “aggregators” that snapped up popular online brands only to watch a pandemic-fueled sales boom evaporate. Razor is backed by L Catterton, the private equity arm of Bernard Arnault The transaction values the combined company … Read more
Translated by Nicola Mira Published Feb 28, 2024 Chinese generalist budget e-tailer Temu, as much criticised as it is dreaded in the USA, is reportedly about to open its site to US third-party vendors. A way to both compete with local e-tailers and generate goodwill with US businesses. Temu’s strategy also heralds the course the … Read more
By Bloomberg Published Feb 27, 2024 EBay Inc. posted a strong holiday quarter, giving investors fresh hope that the company can boost profits following steep job cuts. Ebay The company also added $2 billion to an existing stock buyback program, increasing the total repurchase authorization to $3.4 billion. Fourth-quarter profit was $1.07 a share on … Read more
The founder behind Monday Haircare, Jaimee Lupton, introduced on Thursday Osāna Naturals, a new line of skin and hair care formulations aimed at nourishing both body and mind. Osāna Naturals is a range of skin and hair care formulations featuring 6 functional fragrances, hydrating ingredients, and replenishing botanical extracts – Osāna Naturals Now available at … Read more
