• Peloton Co-Founders To Leave The Company
    Two co-founders of Peloton announced their resignations, "marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business,"according to CNBC. Leaving are co-founder and former CEO John Foley and o-founder Hisao Kushi.
  • Credit Card Companies Will Help Monitor Gun Sales
    In an effort to track gun sales, Visa, Mastercard and American Express "will add a new merchant category for firearms retailers, a victory for gun-control advocates who have pressed the financial industry to do more to help curb mass shootings," per The Wall Street Journal. "Until now, gun shops were often categorized as specialty retailers or durable-goods sellers—categories that include a much broader collection of companies."
  • Arenas Begin Offering Amazon 'Just Walk Out' Technology
    Lumen Field, home of the Seattle Seahawks, is one of the first arenas to use Amazon’s “Just Walk Out” checkout-free shopping technology and Amazon One palm-based entry and payment solution. “When a customer enters District Market, they can opt to insert their credit card at the entry gates or hover their palm over an Amazon One device to enter,” per Chain Store Age. “Once inside, shoppers can take what they want and then leave after they’re done shopping. As they shop, Just Walk Out technology determines what they take from or return to the shelves, and the credit card they inserted …
  • Match Group, Tinder In Favor of Respect For Marriage Act
    Match Group and its subsidiary Tinder recently launched an advocacy campaign to support of the Respect for Marriage Act, which would require the federal government to recognize the validity of same-sex marriages. “In the campaign, Match Group, which also owns Hinge and OkCupid, is highlighting LGBTQIA+ couples who were married after meeting on Tinder and asking users to contact their Senators,” per Fast Company
  • Coca-Cola To Discontinue Honest Tea Brand
    Coca-Cola is discontinuing the Honest Tea organic tea brand. The company said it will sell Honest Tea through end of the year, according to Honest Tea co-founder Seth Goldman. "It was a gut punch," Goldman told USA Today, noting that Coca-Cola called him before the announcement. "(My family and I) obviously put a tremendous amount ... into building the brand, but so did thousands of people -- employees, distributors and not to mention all the devoted customers."
  • Meijer Debuts Smaller-Format Grocery Store
    Supercenter retailer Meijer is planning a smaller brick-and-mortar store concept. The stores will sport a “condensed and quick-to-navigate” layout and include produce, meat, full-service deli, bakery with in-store cake decorators, dry groceries, pharmacy, healthy and beauty care, baby, pet care, household consumables, card and party and a floral department. They will be 75,000 square feet to 90,000 square feet, compared with about 155,000 square feet for Meijer supercenters.
  • CVS Health Acquires Signify Health In $8 Billion Deal
    CVS Health is acquiring Signify Health for $30.50 per share in cash, with the total transaction valued at about $8 billion. "Signify provides technology and analytics to help with in-home patient care," per Chain Store Age. "It also has a network of more than 10,000 clinicians across all 50 states — including physicians, nurse practitioners and physician assistants — who make home-based visits to identify a patient's clinical and social needs, and then connect them to appropriate follow-up care …
  • E-Cigarette Maker Juul To Pay $438.5 Million Over Marketing To Underage Consumers
    E-cigarette maker Juul will pay $438.5 million following a two-year investigation into the company's marketing and sales practices. "The investigation found that Juul deliberately marketed its products to young people, even though e-cigarette sales to children are illegal," per CNN. "Marketing efforts included free samples, social media campaigns, launch parties, and the use of young-looking models in its advertising campaigns."
  • Bed Bath & Beyond CFO Dies
    An executive of the financially struggling Bed Bath & Beyond has died. "Gustavo Arnal was identified as the man who fell to his death from a 57-story Tribeca building Friday afternoon,” according to Sourcing Journal. “The Bed Bath & Beyond chief financial officer was found unresponsive and unconscious in an apparent suicide outside the Manhattan neighborhood’s tallest skyscraper at 56 Leonard Street after telling investors Wednesday the troubled home goods retailer was downsizing stores and jobs to stabilize a business in turmoil and save $250 million this fiscal year.”
  • Goodbye Heels: Pandemic Fashion Shifts Might Become Permanent
    Working from home meant you no longer had to put on office clothes. Now, even with the gradual trickle back to some in-person work spaces, women are sticking with their comfortable flats. "Birdies, a shoe startup, saw this trend coming years ago, and has created a line of shoes tailored to women’s post-pandemic needs," per Fast Company. "The brand is known for its unique shoe, which is a hybrid between an elegant, vintage house slipper and a comfortable ballet flat, designed to be worn both indoors and outdoors."
« Previous EntriesNext Entries »