Description: The majority of Canadians are changing the way they shop for groceries as food prices continue to climb at the fastest pace since 1981, according to a report and survey by Dalhousie University’s Agri-Food Analytics Lab released Tuesday. Source: BNNBloomberg.ca – video report Date: Sep 20, 2022 Link: https://www.bnnbloomberg.ca/majority-of-canadians-are-making-changes-to-their-grocery-store-habits-amid-higher-prices-1.1821231?jwsource=cl Questions for discussion: What does… Read more »
Posts Categorized: Part 1 Business in a Global Environment
The Rise of Non-Alcoholic Beers
Description: “While there used to be stigmas attached to not drinking, that has really changed dramatically in the last 4 or 5 years.” How did the the non-alcoholic beer market go from flavorless to a market forecast to reach $23+ billion in 2025? Rosalie e’Silva and Kate Krader explain. (Source: Bloomberg) Source: Bloomberg.co – video… Read more »
Mark Cuban Says the Worst Career Advice Is ‘Follow Your Passion.’ What Should You Do Instead?
Description: Turns out it’s something you already do. You just need to turn it up a notch. Source: INC.com Date: Sep 21, 2022 Link: https://www.inc.com/jeff-haden/mark-cuban-says-worst-career-advice-is-follow-your-passion-what-should-you-do-instead.html?utm_source=newsletters&utm_medium=email&leadId=261346&mkt_tok=NjEwLUxFRS04NzIAAAGG_s0bJ4rgO6-Ha4lfXKGHNmrUVBgsf9USSn96kvl21rxRpUyVC1h5Fm2L9rB4yzkHDbrt0menfW10UTIdXAGI6Xw1jRVgdymDiaKb9w Questions for discussion: What is Mark Cuban’s advice? Do you think it applies well to most people? Do you think most people follow this advice?
‘Losing $1 Million a Month’: Broadway’s Longest-Running Show Is Closing
Description: After nearly 35 years of delighting audiences on Broadway, The Phantom of the Opera is closing. The final performance will take place on February 18, when the masked Phantom and the famed falling chandelier will make their last appearance—at least in New York. Source: Entrepreneur.com Date: Sep 16, 2022 Link: https://www.entrepreneur.com/business-news/broadways-longest-running-show-is-closing/435526 Questions for discussion: What does the report… Read more »
Starbucks Shares Shift in Strategy, to Automation and Expansion
Description: The coffee giant intends to speed up drink-making and open thousands of additional locations in China over the next three years. Source: NYTimes.com Date: Sep 13, 2022 Link: https://www.nytimes.com/2022/09/13/business/starbucks-reinvention-strategy-employees.html?action=click&algo=bandit-all-surfaces-time-cutoff-30_impression_cut_3_filter_new_arm_5_1&alpha=0.05&block=more_in_recirc&fellback=false&imp_id=829022030&impression_id=12be5be1-368c-11ed-a5c8-9b65304f8188&index=1&pgtype=Article&pool=more_in_pools%2Fbusiness®ion=footer&req_id=448316927&surface=eos-more-in&variant=0_bandit-all-surfaces-time-cutoff-30_impression_cut_3_filter_new_arm_5_1 Questions for discussion: What is changing at Starbucks and why? What does this mean for employees and management of store operations? ?
Kanye West’s Yeezy says it’s terminating deal with Gap over alleged contract violations
Description: Kanye West, who goes by Ye, is terminating the contract between his company Yeezy and Gap Inc., according to a letter shared by his lawyer. Source: CNBC.com Date: Sep 15, 2022 Link: https://www.cnbc.com/2022/09/15/kanye-west-ye-yeezy-terminates-deal-with-gap-over-alleged-contract-violations.html Questions for discussion: What is the essence of the dispute? Why do you think separate stores were not opened? Do you think… Read more »
Sobeys boss says he’s fed up with ‘reckless and incendiary’ criticisms about grocery profits amid inflation
Description: The head of Canada’s second-largest grocery chain called suggestions the country’s big grocers are exploiting their market power to profit from inflation “reckless” and “incendiary,” and characterized the critics who are making such assertions as lazy “armchair quarterbacks” who know little about the food business. Source: FinancialPost.com Date: Sep 15, 2022 Link: https://financialpost.com/news/retail-marketing/sobeys-boss-says-hes-fed-up-with-reckless-and-incendiary-criticisms-about-grocery-profits-amid-inflation Questions… Read more »
Fred Franzia, creator of ‘Two Buck Chuck’ and champion of affordable wine, has died
Description: Fred Franzia, the man behind the famous “Two Buck Chuck,” died on Tuesday at age 79. Source: NPR.org Date: Sep 15, 2022 Link: https://www.npr.org/2022/09/15/1123070279/fred-franzia-two-buck-chuck-wine-bronco-dies Questions for discussion: What does the article say about the marketing of wine and consumer perception of price, in particular? Do you think $2 wine could sell as well in… Read more »
Peloton co-founders John Foley and Hisao Kushi are leaving the company in a broad executive shakeup
Description: Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business. Source: CNBC.com – video report Date: Sep 13, 2022 Link: https://www.cnbc.com/2022/09/12/peloton-co-founders-john-foley-hisao-kushi-are-leaving-company.html Questions for discussion: What has happened at the firm… Read more »
Car value depreciation has ‘defied gravity’ in the past two years: CoPilot CEO
Description: CoPilot Founder and CEO Pat Ryan joins Yahoo Finance Live to discuss the state of the used car market and how prices are shifting back to normal for buyers. Source: YahooFinance.com – video report Date: Sep 07, 2022 Link: https://finance.yahoo.com/video/car-value-depreciation-defied-gravity-210245843.html?.tsrc=fin-srch Questions for discussion: What does the report say about prices and buyer behavior in… Read more »
