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Search resuls for: "Leslie J. Allen"


8 mentions found


☆ Bed Bath & Beyond poised to join the list of 'zombie brands' like Radio Shack and Toys R Us
  + stars: | 2023-06-22 | by ( Dominick Reuter | ) www.businessinsider.com   time to read: +2 min
Bed Bath & Beyond has reached a deal to sell its primary brand assets to Overstock for $21.5 million. The agreement covers trademarks, business data, and e-commerce sites, but not stores or inventory. The sale will make the former housewares giant the latest retail "zombie brand." A shuttered Bed Bath & Beyond store in suburban Detroit. The survival of Bed Bath & Beyond on paper and online will make it the latest retail "zombie brand" — a list that includes former industry titans like Radio Shack, Lord & Taylor, and Toys R Us, whose new owners aim to cash in on the label's established credibility with customers.
Persons: —, Overstock.com, Leslie J, Allen, Taylor Organizations: Service, Bed, titans, Radio, New York Times, & $ Locations: New Jersey, Detroit
☆ There's been a whopping 736 Tesla crashes involving Autopilot mode and 17 deaths since 2019, report finds
  + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +2 min
736 crashes of Teslas with Autopilot have occurred since 2019, a Washington Post analysis found. One safety expert says the increase is likely related to the expanded rollout of "Full Self Driving" technology. A new analysis has discovered a high number of crashes involving Tesla vehicles in Autopilot mode. The Washington Post says it analyzed data from the National Highway Traffic Safety Administration and found that 736 US crashes of vehicles using the driver-assistance technology had occurred since 2019, a lot more than previously reported. The automaker has said that its automation technology requires that the human driver monitor the vehicle and remain in control at all times.
Persons: Missy Cummings, Tesla Organizations: Washington Post, National, Traffic Safety Administration, Mason Autonomy, Robotics Center, George Mason University, Post Locations: Washington
☆ Bud Light lost its sales crown to Modelo Especial amid right-wing backlash, report finds
  + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +2 min
Bud Light sales dropped 23% in May, according to data from research firm Circana. Bud Light sales plunged 23% year-over-year in May to $297.3 million, according to data compiled by consumer-behavior research firm Circana and shared with Insider. Anheuser-Busch suffered weeks of backlash from a Bud Light promotion featuring trans influencer Dylan Mulvaney. Analysts at JPMorgan recently warned that Bud Light sales could drop as much as 13% this year. Rounding out the top five in beer sales for May were Michelob Ultra, Coors Light, and Miller Lite, Circana reports.
Persons: Bud, —, Bud Light, influencer Dylan Mulvaney, Dylan Mulvaney, Gene J, Rob Kim, Bud Light's, Miller Organizations: Bud Light, Modelo, Service, Especial, Constellation Brands, Conservative, Anheuser, Busch, Associated Press, JPMorgan, Coors
☆ Cracker Barrel saluted Pride Month, and some people are losing it
  + stars: | 2023-06-09 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +3 min
Cracker Barrel posted a "Happy Pride Month" salute on social media with a rainbow rocking chair. The restaurant chain posted a photo on its Facebook page Thursday showing a rainbow-themed rocking chair on the porch of a Cracker Barrel restaurant. Facebook user Scarlett Wells wrote: "I've literally avoided Cracker Barrel because I was pretty sure y'all weren't inclusive. The backlash against Cracker Barrel is the latest in a wave of anti-LGBTQ protests and boycotts against major businesses, including Target, Bud Light, and Disney. Cracker Barrel also sparked criticism and boycott threats last year when it added vegan sausage to its menu.
Persons: —, Scarlett Wells, I've, Critics, Ronny Jackson, Wu Tang, Bud Light Organizations: Facebook, Service, Pride, Texas Republican, Target, Disney, New York Times Locations: Texas, Tennessee
☆ Alo Yoga says it's the 'Tesla' of athleisure, and it's loosening Lululemon's grip on Gen Z
  + stars: | 2023-06-07 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +5 min
Alo Yoga's "studio-to-street" fitness clothes are a hit with Gen Z and Gen Alpha, the Wall Street Journal reports. Segment leader Lululemon faces growing competition not just from upstarts like Alo, but also legacy brands like Nike. Alo Yoga is building a following among two key demographics, Gen Zers, loosely defined as those born between 1997 and 2012, and their younger counterparts, Gen Alpha, according to an article in The Wall Street Journal. Alo YogaAlo's growth was boosted by influencers and its digital rootsAlo Yoga started in Los Angeles in 2007. It's created openings for others beyond Alo, but Alo certainly has started to set itself apart as a power brand in its own right."
Persons: Alo Yoga's, Gen Z, Alpha, Alo, —, Lululemon, Alo Yoga, Gen Zers, Gen Alpha, it's, I'd, Andrew Lipsman, Lipsman, Hailey Bieber, Bella Haddad, Budrul Chukrut, Danny Harris, Wall, It's, Lisman Organizations: Wall Street, Nike, Service, Street, Intelligence, influencers, Ford, GM, Chrysler Locations: Los Angeles, China, Alo
☆ See the brands that will get hit hardest as student-loan payments come due, including Nike, Nordstrom, Gap, and Crocs
  + stars: | 2023-06-06 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +2 min
Student-loan repayments will soon restart after a years-long pause. Consumers are expected to cut their shopping budgets, especially on apparel, as debt repayments loom. Brands at risk of a spending slowdown include Nike, Gap, and Shopify. The retailers most at risk include Crocs, Nike, Nordstrom, Canada Goose, and Victoria's Secret, the analysts found. "We believe this indicates student loan consumers will reduce spending on apparel in a big way when they have to start paying off their student loan debt."
Persons: —, Jay Sole, Joe Biden, Kevin McCarthy, Donald Trump, Biden Organizations: Brands, Nike, Service, UBS, Nordstrom, Eagle Outfitters, Carter's, Consumers, Biden, US Locations: Canada
☆ How to get a free doughnut at Dunkin', Krispy Kreme, Tim Horton's, and more
  + stars: | 2023-06-02 | by ( Leslie J. Allen | ) www.businessinsider.com   time to read: +1 min
June 2 is National Donut Day. Customers can score free doughnuts at stores nationwide, from Dunkin' to Krispy Kreme. Some free offers require a minimum purchase of a beverage or other item. Here are some of the national restaurant chains offering the sweet treats for free today. And don't forget to check out local and regional chains, which may also have specials.
Persons: Dunkin, —, Krispy Kreme, Tim Horton's Organizations: Service, Salvation Army
☆ Bed Bath & Beyond, David's Bridal, Party City, and more: The biggest retail bankruptcies of the past 15 years
  + stars: | 2023-05-07 | by ( Hayley Peterson | Leslie J. Allen | ) www.businessinsider.com   time to read: 1 min
Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for bankruptcy. Getty ImagesBed Bath & Beyond filed for bankruptcy on April 23, 2023. The home goods retailer had been limping along for months, closing hundreds of its namesake stores, exiting the Canadian market, winding down its Harmon health and beauty chain, and failing to raise the money it needed to continue operating. It said in April 2023 that it would hold liquidation sales at its remaining 360 Bed Bath & Beyond stores and 120 Buybuy Baby locations.
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