Canada Goose recently announced its decision to reduce its corporate workforce by approximately 17%. This move comes amidst a trend of retailers laying off employees due to a decrease in consumer spending on non-essential items. While the exact number of employees affected by these layoffs has not been disclosed, it is clear that the cuts
Business
Boeing, the embattled aerospace giant, is undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. Along with Calhoun, Chairman of the board Larry Kellner is also resigning and will not stand for reelection at Boeing’s annual meeting in May. These changes are part of a broader
The demand for weight loss drugs, particularly GLP-1s, in the United States is on the rise despite limited insurance coverage and high price tags. A recent survey conducted by Evercore ISI shed light on the willingness of patients to pay out of pocket for these treatments, revealing a stark income divide. Participants with annual incomes
Stellantis, the automaker formed through the merger of Fiat Chrysler and PSA Groupe, is facing challenging market conditions that have led to the decision to lay off approximately 400 salaried employees in the U.S. The layoffs will affect employees in the engineering, technology, and software units, representing about 2% of the total workforce in those
The ongoing legal battle between sports merchandise giant Fanatics and sportsbook giant DraftKings has taken a contentious turn. Fanatics has accused DraftKings of distorting reality and engaging in character assassination of its former senior vice president of business development, Michael Hermalyn. The accusations stem from Hermalyn’s move to Fanatics in February to take on the
Disney’s ESPN, a powerhouse in the world of sports broadcasting, is facing a pivotal moment in its history. For over four decades, the network has relied on increasing cable subscription fees to boost its annual revenue. Starting at less than $1 per month per subscriber in the 1980s, ESPN’s carriage fee has climbed to $9.42
Sotheby’s, the renowned auction house, is strategically increasing its sports offerings to cater to the growing demand for sports memorabilia and to attract a younger demographic. In an effort to engage with collecting communities and introduce creative sale formats, Sotheby’s recently announced its first “Sports Week,” which will feature six live and online auctions showcasing