Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Kim Bhasin and Sandrine Rastello Bloomberg News April 24, 2019 Lululemon Athletica Inc., best known for its yoga pants and workout gear, is getting into the shoe business.The athleticwear maker plans to invade a footwear market dominated by Nike Inc. and Adidas AG. Chief Executive Officer Calvin McDonald announced the foray into shoes on Wednesday, during the company’s first analyst day since 2014.“We tested and we learned a lot on footwear and what we learned is: The guest resonates with us selling footwear,” McDonald said. “We believe we’ve identified an opportunity that will be unique to us, and unique within the marketplace.” Advertisement Footwear is part of a five-year growth plan that executives unveiled to investors and analysts. Lululemon wants to double revenue in its menswear and online businesses by 2023 and … [Read more...] about Lululemon is banking on a new product: Shoes
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Sections SEARCH Skip to content Skip to site index Style Subscribe Log In Log In Today’s Paper Style | Here’s Soylent’s New Product. It’s Food. Advertisement Supported by The Silicon Valley food-drink of choice is now a ‘complete nutrition platform.’ The beverage plot thickens. ByJonah Engel Bromwich and John Herrman April 18, 2019 “ So Soylent — the contrarian food replacement company that made its name hawking beige, drinkable meals to time-crunched Silicon Valley workers — on Thursday unleashed the next-best-thing: Soylent Squared, a 100-calorie, very much chewable “mini-meal,” which is not a cube, but instead a perfect (perfect!) square. “We basically For fans, Squared represents an obvious, if modest, next step, from liquid to solid. To the rest of the world, Soylent Squared is a snack-size protein bar. This compromise echoes … [Read more...] about Here’s Soylent’s New Product. It’s Food.
Gallery: Shop raid +11 more photos TRENTON, Ga. — When Congress legalized hemp as part of its federal farm bill in December, Steven Ellis was prepared to fill the shelves of his wellness store with new products. Ellis, 37, said he called a contact at the Dade County Sheriff's Office, just for clarity. "I said, 'I want to sell CBD oil, but I don't want to go to jail,'" he told the Times Free Press this week. "That's word for word. Verbatim. They said, 'These smoke shops, they get busted. They start with CBD products, and they start sneaking in marijuana oil.' I assumed that was full-on marijuana vapes." It's not clear whether Ellis got bad advice, or if he misunderstood. But his new endeavor got him in trouble last week, when the Lookout Mountain Judicial Circuit Drug Task Force raided his store, The Shop: by Stevie and the Moon on Georgia Highway 136. Agents said at least one product tested positive for marijuana. They seized 250 items and charged Ellis with distribution … [Read more...] about As cannabis laws changed, he thought he could sell new products. But Georgia police raided his shop and arrested him.
Samsung’s Creative Lab — or C-Lab, for short — opened its doors in 2012, and in the intervening years, the internal incubator’s birthed innovations like smart glasses for the visually impaired, wearable 360-degree camcorders, and virtual reality home furnishing apps. Now, ahead of the Consumer Electronics Show in January, it’s taken the wraps off of its current cohorts’ creations. All eight will be displayed at CES 2019’s Eureka Park, a startup space for new products and services. Inkuk Hahn, vice president and head of Samsung’s Creativity and Innovation Center, said it’s the largest number of projects that C-Lab, which permits Samsung employees to take a year from their regular work to pursue a business idea, has unveiled at a single show since 2016. “We will present promising C-Lab projects leveraging AI technologies in the field of video content creation, perfume making and more,” he said. “These are deeply … [Read more...] about Samsung’s C-Lab takes the wraps off 8 new products, including an AI-driven desk lamp
Ian Thibodeau The Detroit News Published 2:03 PM EDT Oct 8, 2018 Ford Motor Co. announced Monday the latest step in the automaker's cost-cutting gambit: New York City-based advertising agency BBDO is now the company's global creative advertising agency. The decision comes roughly five months after The Wall Street Journal first reported the Blue Oval had started to review part of its advertising spending with London-based WPP PLC. Ford had been a top client for WPP since around 2000, according to Ford spokesman Said Deep. The automaker had said in January that it planned to cut annual spending on marketing as part of billions of costs cuts planned elsewhere within the company. The automaker is currently mulling an $11 billion restructuring expected to bring cuts to salaried positions globally in addition to a $25.5 billion operational cost-cutting push. More: How Ford is tackling restructuring The automaker expects to save $150 million a year from the marketing switch. The … [Read more...] about Ford picks new ad agency amid restructuring