The decision by Macy’s to close approximately 150 stores has not gone unnoticed by its competitors. In an analysis conducted by CNBC, it was revealed that Target CEO Brian Cornell, and Kohl’s CEO Tom Kingsbury see this move by Macy’s as an opportunity to increase their own sales. Off-price chains like T.J. Maxx, Ross, and
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United Airlines is facing challenges as they request pilots to take unpaid time off next month due to late-arriving aircraft from Boeing. This situation highlights the impact of Boeing’s production problems and safety issues on the growth plans of its customers. The United chapter of the Air Line Pilots Association noted that recent changes to
Toyota Motor is currently in the process of evaluating an expansion of its U.S. truck lineup, with the possibility of introducing all-electric or plug-in hybrid electric versions of its popular Tacoma and Tundra pickups. The decision-making process is primarily driven by expected customer demand and the tightening federal emissions and fuel economy regulations. Jack Hollis,
The exorbitant prices of blockbuster drugs like Ozempic, used for diabetes treatment, have been a point of contention across the pharmaceutical industry. A recent study conducted by researchers at Yale University, King’s College Hospital in London, and Doctors Without Borders has shed light on the manufacturing cost of Ozempic, suggesting that it could be produced
BJ’s Wholesale Club recently announced its plans to open four new clubs in the Southeast and one in the Midwest. This decision comes as the company aims to expand its reach and attract more members in a competitive membership warehouse market. The new stores are set to open in Maryville, Tennessee; Myrtle Beach, South Carolina;
McDonald’s and Krispy Kreme have announced a new partnership that will see Krispy Kreme doughnuts being sold at McDonald’s restaurants nationwide by the end of 2026. The rollout is set to start in the second half of this year and will take approximately two and a half years for Krispy Kreme to double its distribution
Boeing is currently undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. This decision comes amidst growing pressure from airlines and regulators for significant changes within the aerospace company due to various quality and manufacturing issues plaguing Boeing planes. Calhoun’s departure is accompanied by the resignation
In the ongoing proxy battle between Trian Fund Management and the Walt Disney Company, Nelson Peltz’s firm has decided to withhold its votes from Disney CEO Bob Iger. This move, although expected given the intense nature of the battle, contradicts Trian’s own proxy recommendations. Despite Peltz’s public statements about wanting to collaborate with management if
The demand for weight loss drugs in the U.S. is on the rise, despite their high costs and limited insurance coverage. A recent survey by Evercore ISI revealed a concerning trend – the willingness to pay out of pocket for these treatments varies significantly based on income levels. Participants with annual incomes of more than
Stellantis, a major automaker, has recently announced the layoff of approximately 400 salaried employees in the U.S. within its engineering, technology, and software units. This decision comes as the company aims to reduce costs and address what it refers to as challenging market conditions. The layoffs will impact about 2% of employees in these units,
