The Wall Street Journal
"Panera Brands said it promoted José Alberto Dueñas to chief executive officer" as the restaurant company prepares for an IPO, according to the Wall Street Journal. Dueñas is now president and CEO of Einstein Bros., Bagels, which is owned by Panera. The current Panera CEO, Niren Chaudhary, will become chairman of Panera Brands.
The New York Times
"The skin care brand Bioré apologized this week after facing criticisms that a paid social media post advertising its products at once trivialized and exploited the issue of gun violence in America," according to The New York Times. in the post, influencer and college student Cecilee Max-Brown posted a TikTok "in which she talked about how a shooting on campus in February affected her mental health along with stressors like her post-college career."
Axios
Technology has evolved for OTC hearing devices, "making devices that once carried a stigma more of modern lifestyle convenience," according to Axios. "My 30- and 40-and 50-year-olds don't see it as 'I'm getting older. It's just something that needs to be addressed so I can communicate at work better or at home,'" noted an audiologist quoted in the story. Still, while "OTC has massive potential," those devices may not always be cheaper, and consumers should understand "It's a product that needs to be coupled with the necessary support, counseling [and] handholding processes."
Business of Fashion
The company's latest earnings report highlighted bad news "Shares of Foot Locker Inc plunged 25 percent premarket on Friday after the footwear retailer cut its annual sales and profit forecasts, reeling under a sharp drop in demand and a hit from heavy discounts aimed at clearing excess inventories," according to The Business of Fashion. "Foot Locker’s gloomy report dragged shares of sportswear companies on Friday, with Nike Inc and Under Armour Inc dropping 3 percent each."
Reuters
Hyundai and Kia reached a $200 million settlement on the class-action lawsuit brought by vehicle owners after widespread car thefts inspired by a viral TikTok video showing how to start the ignition by using a USB plug. The settlement covers approximately 8.3 million 2011 through 2022 model-year Hyundai and Kia vehicles with traditional key ignition systems that lack anti-theft devices.
Sourcing Journal
Levi’s is taking over San Francisco’s historic Skylight at the Armory from May 19-27. In celebration of the 150th anniversary of the 501, the popup features an archive museum, factory, marketplace and opportunities for customization. "Denim worn by Bay Area activist Harvey Milk and Sally Ride, America’s first female astronaut, are displayed alongside unique custom artist-made jeans," per Sourcing Journal. "A blue Levi’s AMC Gremlin from the ’70s and an operational denim loom that will produce 'made in the USA' denim are also on site."
Jalopnik
The Porsche Taycan is getting support for Apple Maps EV routing, which flies in the face of General Motors' excuse for not offering Apple CarPlay and Android Auto in its future electric vehicle models, a move which many have called a mistake. "One GM exec used the example of battery preconditioning — preliminary warming up of the battery to accept the fastest rate of charge en route to a station — as something CarPlay and Android Auto just can’t offer," per Jalopnik. But the truth is GM probably doesn't want to cede the entire screen to Apple or Google because it makes …
Sourcing Journal
H&M is fighting off a class-action lawsuit accusing it of overstating its sustainability claims (a practice also known as greenwashing), while Nike's fight over a similar complaint is just beginning. An Eastern District of Missouri judge dismissed claims against H&M under Missouri’s Merchandising Practices Act citing their “failure to state claims” against the fast-fashion giant. "Nike’s own brewing class-action lawsuit, filed May 10 in the Eastern District of Missouri, treads a familiar path as H&M’s, with plaintiff Maria Guadalupe Ellis claiming that the sportswear Goliath is deceiving consumers by 'falsely and misleadingly' marketing its products …
Creative Bloq
MTV's logo was colorful and creative and captured the spirit of the 1980s. "The shifting look of Warner-Amex's music channel tapped into a look that remains influential today by using a simple logo that could, and did, take on myriad different themes. And it's just being rediscovered by a new generation," per Creative Bloq.
SportBusiness
The National Hockey League and workflow company ServiceNow are partnering to enhance game day operations, employee productivity and support new connected fan experiences. "Our collaboration marks the most in-depth transformation of a sports league through ServiceNow to-date—and it’s only just beginning," Bill McDermott, chairman and chief executive at ServiceNow, tells SportBusiness.