Category: Selective
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Walgreens CEO calls consumers ‘increasingly selective and price-sensitive’ as retailer cuts profit outlook
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Walgreens’ (WBA) quarterly results are the latest sign that U.S. consumers are under increasing pressure. Shares of Walgreens Boots Alliance fell 24% on Thursday after the retail pharmacy chain cut its full-year guidance due to challenging pharmacy industry trends and a “worse-than-expected” consumer environment, with management citing a “sustained decline”…
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Formula 1’s Selective Morality: The Flavio Briatore Paradox
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When Flavio Briatore was fired from Formula 1 in 2009 for his role in the notorious “Crashgate” scandal, it seemed as if a clear message had been sent: the sport would not tolerate actions that threatened the safety and integrity of its competitions. Briatore’s orchestration of Nelson Piquet Jr.’s deliberate…