Bachman-Turner Overdrive famously sang, “You get up every morning from your alarm clock’s warning, Take the 8:15 into the city.” The song is about the daily routine of takin’ care of business (unless you are lucky enough to be a musician). Elon Musk must be a Bachman-Turner Overdrive fan. Last week, he sent a pair […]
Last week, Target announced its quarterly earnings. The results surprised many – and with Target being a retail bellwether, it had some wide-ranging implications and effects. While revenue grew 4% year-over-year, Target’s operating income declined 43%. Target’s CEO, Brian Cornell, cited a confluence of factors – accelerated shifts in spending, rising costs of labor, transportation, […]
Last week, the New York Post reported that J.C. Penney owners and largest U.S. mall operators Simon Property Group (“Simon”) and Brookfield Asset Management (“Brookfield”) have submitted an offer to acquire Kohl’s for more than $8.6 billion, or $68 per share. Kohl’s has been under pressure from activist investors to sell, and in a March […]
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 […]
Casualization has been a megatrend in apparel and footwear over the last two decades, fueled by changing norms in the workplace and the emergence of athleisure. The trend has been a boon for companies like lululemon and Allbirds, but it has been a challenge for brands and retailers catering to business and occasion dressing. When […]