RetailWire: Impossible Foods Says There’s Nothing Faddish About Plant-Based Meat On January 19, Bloomberg published an article entitled, “Fake Meat Was Supposed to Save the World. It Became Just Another Fad.” On January 22, Impossible Foods took out a full-page ad in The New York Times and posted a blog entry vigorously defending plant-based meat. […]
In early April, workers at an Amazon.com warehouse on Staten Island voted to form the e-commerce giant’s first U.S. union, building on successful organizing efforts at Starbucks and leading to speculation that a new American union movement is underway. At Starbucks, more than 180 of the company’s 9,000 corporate stores have petitioned for union elections […]
Billionaire activist investor Daniel Loeb, CEO of Third Point, earlier in February shared with investors his belief that the market is not recognizing the respective full value of Amazon.com’s e-commerce and Amazon Web Services (AWS) businesses, rekindling discussion into a potential break up. In June, a bipartisan group of House lawmakers proposed antitrust legislation against the […]
Nordstrom has reportedly retained AlixPartners to explore a spinoff of its recently-struggling Nordstrom Rack off-price business. The move, first reported by Bloomberg, follows Saks Fifth Avenue’s hiring of AlixPartners to explore a separation of its online business. Saks.com is expected to undergo an IPO in 2022. Macy’s and Kohl’s are both facing shareholder pressure to […]
Just two weeks into Kohl’s rollout of an initial 200 Sephora in-store shops, Kohl’s CEO Michelle Gass said the partnership is showing the potential to offer benefits in a myriad of ways. According to Ms. Gass, the Sephora shops in Kohl’s are driving “extraordinary growth” in Kohl’s beauty business and boosting average unit retails (AURs) […]