Walgreens closing 1,200 stores across the US after $3bn loss
US pharmacy store chain Walgreens has announced that it will be closing 1,200 stores over the next few years to boost cash flow and...
New Study Reveals the Hidden Risks of Nickname Branding
A recent study published in The Journal of Marketing reveals that the increasingly popular strategy of using brand nicknames may have unintended consequences.
Titled "BMW...
Coca-Cola Drops Spiced Flavor After Just Months on Shelves
Coca-Cola is discontinuing its Coca-Cola Spiced soda, less than a year after its introduction as a permanent flavor in North America. The beverage, which...
Microsoft to Revive Three Mile Island Nuclear Plant to Power AI Data Centers
Microsoft has signed a 20-year agreement with Constellation Energy to secure a stable supply of carbon-free power for its data centers. The deal, announced...
Bank of Japan Holds Interest Rates Steady Amid Cautious Economic Optimism
The Bank of Japan (BoJ) has opted to keep its key interest rate unchanged at 0.25%, maintaining a cautious approach as it continues to...
Nike CEO John Donahoe Steps Down, Elliott Hill to Take Over
Nike is set for a leadership change. John Donahoe, who has led the company since 2020, will retire on October 13, 2024. Elliott Hill,...
U.S. Stock Markets Hit Record Highs After Fed’s Bold Rate Cut
On Thursday, U.S. stock markets hit record highs, fueled by investor optimism after the Federal Reserve’s decision to cut interest rates by half a...
The Critical Role of Managers in Shaping Strategy
Strategic management has long been dominated by theories that overlook the critical role of managers in driving firm success.
However, a recent paper titled "Bringing...
China’s Economic Slowdown Deepens, Calls for Stimulus Grow
China’s economy is facing increasing pressure as industrial output, retail sales, and investment all slowed in August 2024. The latest data shows a weakening...
Boeing Workers Strike After Rejecting Union-Backed Contract
Thousands of Boeing factory workers have gone on strike after rejecting a tentative contract that was backed by their own union leadership.
The walkout, involving...