With Macy’s announcing plans to close approximately 150 stores, retail competitors are already strategizing on how to capitalize on this opportunity for growth. Target CEO Brian Cornell and Kohl’s CEO Tom Kingsbury see the department store’s decision to shrink its footprint as a chance to increase their own sales. Off-price chain T.J. Maxx could also
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United Airlines has recently asked its pilots to take unpaid time off next month due to late-arriving aircraft from Boeing. This request highlights the significant impact that Boeing’s production problems and safety crisis are having on the growth plans of its customers. The situation has forced United and other airlines to readjust their strategies as
Toyota Motor is currently exploring the possibility of expanding its U.S. truck lineup to include all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. This decision comes as a response to expected customer demand and the tightening federal emissions and fuel economy regulations. The executive vice president of Toyota Motor North
The blockbuster diabetes drug Ozempic may have a manufacturing cost of less than $5 a month, according to a study released by researchers at Yale University, King’s College Hospital, and Doctors Without Borders. However, the list price set by Novo Nordisk in the U.S. is close to $1,000 per month before insurance. This stark difference
BJ’s Wholesale Club recently announced its plans to open four new clubs in the Southeast and one in the Midwest in an effort to expand its presence in the competitive membership warehouse market. These new stores are scheduled to open this fiscal year in various locations including Maryville, Tennessee; Myrtle Beach, South Carolina; Palm Coast
McDonald’s recently announced its plan to sell Krispy Kreme doughnuts at its restaurants nationwide by the end of 2026. This strategic partnership will see the rollout starting in the second half of the year, with Krispy Kreme doubling its distribution to meet the demands of the collaboration. Under this exclusive agreement, McDonald’s will be the
In the ongoing proxy battle between Trian Fund Management and Walt Disney, it has been revealed that Trian withheld its votes from CEO Bob Iger. This move, while not entirely surprising given the acrimonious nature of the battle, contradicts Trian’s proxy recommendations. Despite public statements from Nelson Peltz about wanting to work together with management
Boeing, the embattled aerospace giant, recently announced a major management shake-up that will see CEO Dave Calhoun stepping down at the end of 2024. Additionally, Chairman of the board Larry Kellner will be resigning and leaving the board at Boeing’s annual meeting in May. This move comes in the midst of increasing pressure from airlines
The demand for weight loss drugs in the U.S. is on the rise, with many individuals seeking treatments like GLP-1s for managing conditions like obesity and Type 2 diabetes. However, a recent survey conducted by Evercore ISI has shed light on the concerning relationship between annual income and the willingness to pay for these medications.
Stellantis, a global automaker, recently announced the layoff of approximately 400 salaried employees in the U.S. This decision was made in response to what the company described as challenging market conditions. The layoffs would affect about 2% of employees in the engineering, technology, and software units, following rigorous organizational reviews. Stellantis, which employed 11,800 U.S.