Nordstrom, Inc. (NYSE: JWN) plans to eliminate approximately 350 to 400 positions by the end of the second quarter to reduce costs by approximately $60 million in fiscal 2016. In an announcement Monday, the Seattle company said the cuts ...
Tags: Nordstrom
Interior Secretary Sally Jewell announced the federal government will begin measuring and quantifying the ecoomic impact of the outdoor recreation economy when calculating gross domestic product. Jewell, who served as CEO for REI before ...
Volkswagen North American Region CEO Hinrich J. Woebcken along with Volkswagen passenger brand CEO Dr. Herbert Diess, have laid out a new strategy for Volkswagen North American Region. Volkswagen Passenger Cars Brand CEO Dr. Herbert Diess ...
Gelson's Markets has announced that it will convert all of its private-label packaged eggs to cage-free this year. The company projects that close to 90% of its packaged egg sales will be cage-free by next year, with available eggs ...
Pre-orders of Tesla’s Model 3 sedan have ensured the cars will be flying off the production line this year, but before that happens a few of the firm’s Model X SUVs will need to be sent back to base. Tesla has recalled all ...
Tags: Tesla Model X, Faulty Rear
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
HanesBrands has agreed to acquire the privately held Italian company Champion Europe, which owns the trademark for the Champion brand in Europe, the Middle East and Africa, in an all-cash transaction. The purchase price will be 10 times ...
Tags: Champion Europe, Hanesbrands, EBITDA
DuPont Pioneer and Origin Agritech Limited announced a commercial licensing agreement to develop new seed technologies for Chinese farmers. This combined effort will contribute to the modernization of China's agriculture system and ...
Tags: DuPont Pioneer, Origin Agritech, New Seed Technology, Farmers
Paris Baguette, the baking franchise concept featuring high quality baked goods, savory eats and beverages. The love affair with the iconic baked goods concept is so strong around the world, it was just a matter of time before the brand ...
Tags: Paris Baguette, Franchise
Ford announced that it will be investing $1.6b in San Luis Potosi in Mexico to build small cars. Construction of this factory is expected to begin in mid-2016 and the production is scheduled to begin in 2018. The American automaker ...
Tags: Ford, Investment, Small Cars
LEDucation celebrated its tenth anniversary event with a record-breaking attendance of over 4,200 attendees from across the globe and more than 300+ exhibits. The annual event kicked off on Tuesday morning with a special presentation to the ...
Tags: LEDucation, SSL Technology, Burt Grant, Peggy Meehan, Bob Nadel
Krispy Kreme Doughnuts is transitioning to 100% cage-free eggs – a process it expects to complete by 2026. "Ensuring the eggs that we use all come from cage-free chickens is the right thing for our company and our customers," said ...
North Carolina Attorney General Roy Cooper spoke at a Teamsters rally outside of the MillerCoors brewery in Eden, North Carolina. MillerCoors announced plans to close the Eden brewery in September 2015, just two days before merger talks ...
Tags: MillerCoors, Eden brewery, ABI, SAB, North Carolina Brewery
Italian specialty papers and substrates maker Fedrigoni’s subsidiary Arconvert announced that it will enter into US market with its new facility in Los Angeles, California. The 62,000 ft2 facility will have state-of-the-art ...
Tags: Arconvert, Fedrigoni, Claudio Alfonsi
Ingles Markets will support the industry-wide transition to cage-free hen housing by shifting its own egg sales to cage-free, joining a growing list retailers, restaurants, food manufacturers and egg producers that have announced similar ...
Tags: Ingles Markets, Cage-Free Eggs