According to the Washington Post, Adidas has more than $500 million of Kanye West sneakers, with no good options for getting rid of them. (See the video for new developments.) Questions: Source: Mark, J. (2023). Adidas has $500 million worth of Kanye West sneakers and no good options. The Washington Post, Feb. 27 (Retrievable online… Read more »
Posts Tagged: losses
Closing its Doors
According to the New York Times, the famed discount department store, Tati in Paris, is closing its doors. Questions: Why is the store so famous? Why is the store closing? Who is the owner of Tati? What store in the U.S. would you compare Tati to, based on the article description? Source: Nossiter, A. (2020)…. Read more »
I Smell a Bailout – Maybe for some?
According to Bloomberg, many airlines have been driven into a technical bankruptcy or they have substantially breached debt covenants already. Questions: Explain why the debt covenants are characteristic of the airline industry. 2. The article talks about steps that have been already taken by some airlines as they are depleted of cash. What are some… Read more »
Changes at GE
GE was led for two decades by Jack Welch, the chief executive both feared and revered for his management discipline. In a surprise move and after only a year in the job of CEO, John Flannery was let go on Oct. 8 amid GE’s long period of stagnation. Questions: 1. In addition to firing the… Read more »
A long-term strategy for electric scooter travel
According to Axios, Uber is planning a shift in emphasis from cars to electric bicycles and scooters for shorter journeys. Questions: 1. What was the company that Uber acquired? 2. What were Uber’s losses last year? 3. How much did Uber pay for the electric bike-sharing company? 4. What types of risks do you anticipate… Read more »
Bad Way to Encourage People to Use Self-checkout Lines
This article discusses how many companies are employing aggressive legal tactics and taking advantage of loosely written state laws, to push for restitution even when people have not been convicted of wrongdoing. Questions: 1. How much does shoplifting cost stores each year? 2. What happens in many states to payments made to retailers before court… Read more »
Extortion or Business as Usual?
Aetna announced this week that it pull a majority of its participation in the insurance exchanges set up under the Affordable Care Act. Critics see this as payback to the Obama administration for blocking its proposed merger with Humana. This comes after Aetna CEO, Mark Bertoilini is on record as saying that selling insurance in… Read more »
Well-Oiled Machine? Well – Maybe Not!
United and Continental closed their merger in 2010 and created what was then the world’s largest airline. After nearly 5 years, executives are still working to integrate United Continental Holdings into a single company—and struggling with some high-profile operational and customer service problems. Questions: 1. What types of customer service and employee problems have plagued… Read more »
The Reverse – Upside down Prosecution!
Despite the fact that bank officials uncovered a fraud, fired its mastermind, investigated and reported it to regulators, and then provided New York State prosecutors with over 900,000 pages of documents, a tiny Chinatown bank, Abacus Federal Savings Bank, was under put under indictment by a grand jury in New York State Supreme Court and… Read more »
The Untouchable Alaska Bypass
Under a federal program exclusive to Alaska, the Postal Service is responsible for shipping more than 100 million pounds a year of apples, frozen meat, dog food, diapers and countless other consumer items to off-road villages in the sparsely populated outposts known as the bush. Over three decades acting as freight forwarder, the agency has… Read more »