Category Archives: CNN – Business

Tampax introduces its first organic tampon

Women are looking for eco-friendly and healthy ways to deal with their periods. Procter & Gamble is betting that organic tampons will do the trick. On Tuesday, P&G’s feminine hygiene brands — Tampax and Always — debuted a new line of products called Pure. The pads and tampons are made from organic cotton and are…MORE

Despite a bold approach, Kohl’s struggles to escape department store woes

Kohl’s reinvented itself to adapt to sweeping changes in the retail industry. But the company still can’t dodge intense pressures on department stores from online rivals, big box retailers and discount chains. Sales at Kohl’s stores open at least a year dropped 3.4% during the first quarter of 2019 — the company’s first drop in…MORE

Rent the Runway investor: VCs should back more woman-led firms

Only 33 women lead Fortune 500 companies. The lack of female leadership extends to startups, too. Just 27% of private “unicorn” firms worth at least $1 billion have a woman as a founder, according to financial data company Pitchbook. That’s up from only 11% of unicorns in 2018. Anu Duggal, one of the partners of…MORE

Reusable packages are coming to Walgreens and Kroger

Kroger and Walgreens have joined an experimental new project that gives shoppers the opportunity to buy products in reusable packaging. The two retailers will be part of the Loop platform, a service that offers shoppers a greener alternative to recycling. It’s launching as a pilot program in New York, New Jersey, Pennsylvania, Maryland and Washington,…MORE

Celebrity chef Jamie Oliver’s restaurant chain collapses

Celebrity chef Jamie Oliver’s restaurant empire in the United Kingdom has collapsed. The entrepreneur and anti-junk food campaigner said Tuesday that the restaurant business was being placed into administration, or bankruptcy protection. The group includes Jamie’s Italian chain, Jamie Oliver’s Diner at Gatwick Airport as well as steakhouse Barbecoa and Fifteen London, a restaurant Oliver…MORE

BP resists calls to match Shell’s climate change goals

BP is resisting pressure from investors and activists to take more radical action on climate change. The company has rejected demands to follow the example set by rival Shell and include emissions generated by the oil it sells in its climate targets. Two shareholder groups used the annual meeting of BP investors on Tuesday to…MORE

For the first time, Amazon faces an enormous slate of shareholder proposals

Amazon shareholders have been a remarkably tolerant bunch over the years, sitting idly by while the company plowed nearly all its revenues back into expanding the business, submitting few if any resolutions each year for the proxy ballot. This year, that could change. A lot. Amazon received more resolutions than any other company this year,…MORE

Nike and Adidas to Trump: Tariffs on shoes would be ‘catastrophic’

Nike, Adidas, Under Armour, Foot Locker and other sneaker brands and retailers told President Donald Trump on Monday that proposed tariffs on imported shoes from China would be “catastrophic” for American consumers. “Any action taken to increase duties on Chinese footwear will have an immediate and long-lasting effect on American individuals and families,” a coalition…MORE