The Transition in Retail Industry
Retail is undergoing a transition, much like any industry, and must adapt to the fourth industrial revolution’s pressures as well as significant societal changes. Because of the ongoing shifts in consumer behavior and the pandemic’s impact on the global economy, retailers’ capacity to engage with customers is more important than ever. Businesses must develop along with the retail market.
Ex-Starbucks CEO Howard Schultz to face tough questioning from Bernie Sanders over alleged union busting.
March 30, 2023: Former Starbucks CEO, Howard Schultz, is expected to face tough questioning from Senator Bernie Sanders regarding the coffee chain’s alleged union busting during a Senate hearing on Wednesday. Sanders, a pro-union independent representing Vermont, has been putting pressure on Starbucks for over a year to recognize the union and negotiate contracts with unionized cafes. Schultz will defend Starbucks’ approach to negotiations, arguing that a direct relationship with workers is best for the company.
Despite a significant drop in demand for Covid tests and vaccines, Walgreens experiences an increase in revenue.
March 30, 2023: Walgreens Boots Alliance, the drugstore chain and healthcare company, reported a decline of more than 20% in quarterly profits due to significantly lower sales of Covid-19 vaccines and tests compared to last winter.
