WW failed to cash in on the diet craze in 2021

WW failed to cash in on the diet craze in 2021

As Oprah Winfrey mulls her New Year’s resolutions for 2022, WW International might have one to suggest: “Sell more diet plans.” The company formerly known as Weight Watchers saw its sales and membership shrink in 2021 despite a forecast for growth from chief executive Mindy Grossman last spring. While WW blamed the flop on consumer … Read more

Nasdaq’s diversity rule rankles Republican states

Nasdaq's diversity rule rankles Republican states

A group of Republican-led states slammed Nasdaq’s implementation of a diversity disclosure rule for corporate boards this week, arguing in a court filing that the requirement is illegal and unconstitutional. The states outlined their position in a legal brief supporting a lawsuit in the Fifth Circuit Court of Appeals, which seeks to block the rule. … Read more

Warren Buffett rebuffs Bernie Sanders’ request to aid striking workers

Warren Buffett rebuffs Bernie Sanders' request to aid striking workers

Warren Buffett rejected a plea this week from Sen. Bernie Sanders to intervene on behalf of striking steelworkers employed at a West Virginia company owned by the billionaire’s investment firm, Berkshire Hathaway. Sanders (I-Vt.) made the request amid an ongoing dispute between Berkshire-owned Precision Castparts and several hundred members of the United Steelworkers Local 40 … Read more

Disney’s Bob Iger bids farewell ahead of exit

Disney's Bob Iger bids farewell ahead of exit

Outgoing Disney executive chairman Bob Iger penned a farewell post on social media Friday as he formally exits the company that he helped to build into a global entertainment powerhouse. Iger, 70, is set to retire when his contract expires at the end of the year after a lengthy run as Disney’s top executive. He … Read more

China accuses retailers of ‘stupidity’ for pulling products

China accuses retailers of 'stupidity' for pulling products

Government officials in China slammed Walmart and its wholesale chain Sam’s Club on Friday, accusing the retailers of “stupidity” after they reportedly pulled items sourced in Xinjiang province from stores in the country. Chinese media outlets claimed local Sam’s Club customer-service reps said the products are out of stock – an explanation that government officials slammed … Read more

Ikea to hike prices amid supply chain woes, inflation

Ikea to hike prices amid supply chain woes, inflation

Your Järvfjället is about to cost way more. Ikea will hike prices for the foreseeable future as it contends with supply chain disruptions and higher costs for raw materials, the owner of most of its stores confirmed Thursday. The beloved affordable furniture retailer’s prices will rise an average of 9 percent at stores around the … Read more