Whole Foods to launch lower priced chain for Millennials
Whole Foods plans a second, lower priced store format aimed at Millennials and other shoppers seeking high quality fresh foods at cheaper prices. Executives say the move broadens reach without pulling sales from existing stores while leasing markets are being negotiated for openings next year.
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Whole Foods
Whole Paycheck
Neil Saunders
Conlumino
Walter Robb
Robb
U.S
Canada
United Kingdom
Nationwide executive exits after dead kid ad controversy
Nationwide chief marketing officer Matt Janchius left the company amid backlash over the Super Bowl ad portraying a child who dies in an accident. The ad aimed to raise safety awareness but drew social media criticism and questions about messaging.
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Nationwide Exec
Nationwide
Insurance
Advertising Age
Matt Janchius
Alibaba appoints Daniel Zhang as new CEO in leadership change
Alibaba Group announces Chief Operating Officer Daniel Zhang will replace Jonathan Lu as CEO, effective Sunday, with Lu remaining on the board. The shift follows a 45 percent revenue rise to 2.8 billion for the fiscal quarter ending March 31, 2015, amid a stock climb and market concerns over growth and regulatory scrutiny.
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Tokyo
China
Alibaba
Jonathan Lu
Alibaba Group Holding Limited
Daniel Zhang
Alibaba Group
Jack Ma
Zhang
Daniel
New York
Joe Tsai
Jonathan
CNBC
Energy and Retail Layoffs Hit Three Year High in April
April layoffs climbed to a three year high as energy firms cut payrolls while retailers and consumer products companies saw weaker gains. Oil price declines drove a third of cuts, with Continental Resources noting losses in drilling activity. Overall, 61,582 cuts were announced in April, and year to date totals remain elevated, though economists expect a retail spending rebound as fuel savings flow to shoppers.
MENTIONED IN THIS ARTICLE
Labor Department
Action Economics
Challenger, Gray and Christmas
Continental Resources
Challenger
Nathan Kelley
Moody’s Analytics
Diane Swank
Mesirow Financial
Procter & Gamble
Aerospace
Swank
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Spencer Platt
GFTTV
Moneyline
Fitbit
Microsoft
Apple
Samsung
YELP
Wall Street Journal
DOW Jones Industrial Avg
USA
S&p
USA Today
Marketwatch.com
Michigan
Oklahoma
Mexico
Mississippi
Florida
Insurance Research Council
Spitzer
Molina
McLean, Va
Executive
Cwel Sanine
Wwwages
New York Stock Exchange
Heli
West
Midwest
D.C
Gray & Christmas
Haver Analytics
Kris Kinkade
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