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"Hope this thing is non-virgin, re-used, compostable material"
RIP iTunes (2001-2019). May the young Apple Music, Apple TV, and Apple Podcasts platforms carry on your legacy.
Markets barely budged to start the week as US/China trade talks kick off.
Unilever renews its sustainability vows with a major anti-plastic pledge
What's Anglo-Dutch and sold in every supermarket?... Unilever. The consumer packaged goods beast is dual-headquartered in London andRotterdam — but its Axe body spray, Dollar Shave Club, and Dove soap are products without borders. Unilever doubled down on its global citizen-ness by pledging to cut the amount of virgin plastic it creates in half by 2025.
Sustainability. So hot right now... But former Unilever CEO Paul Polman was the trendsetter. Way back in 2010, he envisioned all its teas (including Lipton and a bunch others owned by Unilever) to be sustainably sourced by 2020 — fair working conditions, bribe-free deals, and environmentally safe processes. Now here comes the big BUT:
Sustainability is not anti-profit... There isn't necessarily a trade-off. Check out Unilever's Vermont-quisitions: Ben & Jerry's and Seventh Generation. Both build Earth-friendliness into their business models — and their mission-oriented brands let Unilever charge a higher price. Unilever's CEO believes its anti-plastic pledge will be pro-spending among the Millennials and Gen-Z who hold companies to higher standards.
Walmart starts pulling the plug on its most innovative (and unprofitable) acquisitions
The brick-and-mortar store that wanted to become an ecommerce startup... Sounds like a lovely children's book. It's also the story of Walmart in the face of Amazon's growing domination. The historic retailer wanted to prove to itself and investors that it could fend off competition from ecommerce companies by beefing up its own online muscles.
If you haven't removed the tag, can you return it?... Walmart acquired a few key ecommerce startups the past few years (because that's easier than innovating itself) — but in the past couple weeks, it's trying to reverse those moves. Almost all of them.
The reckoning for unprofitable companies just extended beyond IPOs...Ruthlessly efficient, Arkansas-based Walmart has a short patience. The old guard is annoyed that Walmart's ecommerce moves get all the media attention — those investments lose a reported $1B per year, while the old school stores quietly crank out profits. And profits are Walmart's north star.
Harley Davidson's US sales have shrunk since 2014. The reason:Millennials don't buy hogs. The solution: A $30K electronic bike that isn't really selling.
Seltz on the Beach. South of the Bubbles. Claw-rona. Un-Basic Beach. They're all better than boringly named Corona Hard Seltzer. Vote here in our poll for which one's the best.
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