Lululemon investigates abuse allegations, Netflix misses its target, and more top news
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Canadian fitness apparel firm Lululemon Athletica is investigating allegations of worker abuse at a Bangladesh manufacturing facility. The Guardian reported earlier this week that the upmarket athleisure company sources clothing from a factory there where female workers say that are assaulted, and where some workers say they earn less than 9,100 taka (CAD$142) a month. Lululemon, which does not own its manufacturing facilities, said it would investigate immediately, and that it has no current orders from the factory. ? Here’s what people are saying.
Netflix missed its subscriber growth target again even as it regained some ground, adding 6.77 million subscribers in the third quarter instead of the 7 million it predicted. New seasons of shows such as “Stranger Things” and “13 Reasons Why” still helped it rebound from the previous quarter — which saw it lose U.S. streaming customers for the first time in eight years. The competition is heating up: Disney+ and Apple TV Plus launch next month, while AT&T's HBO Max and NBCUniversal's Peacock launch next year. ? Here’s what people are saying.
The United Auto Workers announced a provisional deal with General Motors to end the longest walkout by U.S. auto workers since 1970. Details of the new four-year contract covering 46,000 workers weren’t released, and the deal will only become final after both GM union leaders and rank-and-file members vote to ratify it in the coming days. The monthlong strike forced an almost complete shutdown of GM's assembly plant in Oshawa, Ont., and the partial shutdown of its engine plant in St. Catharines, Ont. ? Here’s what people are saying.
Johnson & Johnson has proposed a $4 billion settlement for lawsuits that allege the pharma giant helped fuel the opioid-addiction crisis, The Wall Street Journal reports, citing anonymous sources. Earlier this week, the Journal also reported that three pharmaceutical companies — distributors McKesson, AmerisourceBergen and Cardinal Health — were in talks to settle lawsuits over their role in the crisis for $18 billion over 18 years. The cases allege that drug companies' aggressive marketing and poor oversight played a key role in addiction to prescription painkillers. ? Here’s what people are saying.
A Qantas jet is scheduled to take off from New York Friday on a flight to Sydney that, 20 hours later, would make it the longest in the world. The test flight is expected to include pilots, crew and passengers, along with researchers watching how everyone handles the ride. Success could pave the way for regular service between Sydney, New York and London. Airlines have recently been testing limits on long-haul flights, with Singapore Airlines reviving its 18.5-hour flight from Singapore to New York in 2018. Here’s what people are saying.
Idea of the Day: Even in a data-driven society, intuition has a critical role, says writer Bruce Kasanoff.
“Data is neither impartial nor infallible; it is often the result of judgments and biases held by the gatherers of that data.”
What's your take on today’s stories? Share your thoughts in the comments.
Business Development & Logistics
5 年Lulu claims it “has no current orders”..eh ? Were these “current” abuses ? Does Lulu think we are all stupid ? We have all seen Lulu’s ridiculously high pricetags and it’s obvious they have huge markups so my question is this...What were all these President’s, EVP’s, VP’s, Director’s, Asst Director’s, Sr. Mgr’s, Mgr’s, Asst Mgr’s of: Sourcing and Procurement, Social Compliance, Sustainability, etc, doing in exchange for their salaries that are approximately 150 - 250 times the salaries of these workers in Bangladesh ? Where was their ongoing due dilligence while this non-recent production was being produced at the time of these non-recent abuses ? 2nd question: What were these same execs thinking when this lame excuse of a communique was approved as a corporate response from Lulu ?
Medical Esthetician. Certified DMK Skin Revision Therapist Skin ResQ Medi Spa
5 年Every thing comes home to roost in the end!!
Recovering MBA
5 年“Jet lag is more than just an inconvenience. It’s pretty devastating physiologically.” Just look at how flying for hours makes the plastic of a water bottle all shrivelled up and crinkly. That’s what it’s doing to your innards, making you cranky and gassy. If Quantas called their Sydney-to-New York route the “cranky, gassy, physiologically devastating flight,” would anybody want to take it?
Business Development/Executive sales/Sales Force Management, Manager, Director, Consultant
5 年Lululemon..come on people are you actually blameing this company? Lets look at some facts: they hire the work out as a business model, their investors "demand" the highest proffits possible, their clients who are mainly North American demand high quality at a the lowest price for said quality, investor and client demands for product/price/proffit cannot be met if sourced in North America, if higher level of oversite & pay is attained with current manufacturers the product/price/proffit will change, the pay scale for one worker is about 1/2 the national average for an entire family in a country where all family members work including the young and old, starting a union is not a human right..Don't get me wrong, if their is physical abuse going on, that is not something I would put up with. However if the wages go up the offering changes & the company will have to move to another company or country where the wages are less. This of course would hurt the workers there more. In Noth America the customer wants everything yesterday, & they want it in every colour, and just turf it when old instead of repairing.. but they want to pay nothing for it and demand all others live and work by their std with no impact to the price - just silly!
Business Development/Executive sales/Sales Force Management, Manager, Director, Consultant
5 年Sorry Netflix but ye reep what ye sew....... For quite some time Netlix has been resting on their previous successes, rakeing in the bucks big time. Very little quality new movie contant comes these days, very little in Canada and the US in the predominant language, very old B level stuff and their own seems to be the new course of action...... with much of the new in a multitude of languages. It is important to cover a number of languages for sure, but at times nothing new save languages other than english. If Netflix wants to continue they are going to have to beat out all that they let in and do it fast..... Investing in your product is not money lost people, it is market gained and or retained. Business 101: retention is cheap, acquisition is expensive, re-acquisition is horribly expensive and often unrecoverable. Can you say RIM (Blackberry)????