All Business stories

Amazon’s illegal bestseller

Amazon has rightfully earned the title of “the everything store.” Unfortunately, everything happens to include illegal weapons.

Driving the news: An illegal switchblade sold on Amazon as a “camping knife" achieved “#1 Best Seller” status on the platform before the listing was taken down last week, a CBC investigation found. 

Can Aritzia regain its shine?

Hold on to your Super Puffs Aritzia fans, the clothier is in a weird place these days.  

Driving the news: Canadian clothing retailer Aritzia dropped its quarterly earnings report, posting a net revenue increase of 5%. But the company also saw net income drop a whopping 39% due to more markdowns as it tried to get its inventory in check — rarely a great sign for a popular brand.

Is the tech market recovering or struggling?

Whether the first ten days of 2024 should fill you with optimism or dread for the tech biz really depends on who you ask.

CEOs say GTFO to ESG

Add ‘corporations labelling any and all initiatives as ESG’ to the list of trends that were hot a few years ago but are officially out in 2024.

Driving the news: Companies are looking to distance themselves from the term ESG — short for environmental, social, and governance — as it’s become a political flashpoint for those who feel companies are doing too much or not enough to meet sustainability goals. 

Deloitte employees face the bots

Deloitte is taking the expression “time is money” to heart with its new AI innovation. 

What happened: Consulting firm Deloitte has rolled out a generative AI chatbot to employees across Europe and the Middle East.

Tiger Woods and Nike break up

One of the sports world’s biggest power couples is calling it quits. No, we don’t mean Travis Kelce and Taylor Swift. 

What happened: After 27 years, Tiger Woods and Nike have ended their partnership.

No snow and more dough mark disappointing ski season

As if the $15 poutine at the chalet wasn’t bad enough, poor snow conditions and high demand have marred this year’s ski season at popular Canadian slopes.

Driving the news: Some of Canada’s biggest ski destinations are experiencing historically low levels of snowfall, getting anywhere from half to just over a quarter of the snowfall they typically see this time of year, per the CBC.

Peloton peddles into TikTok partnership

Like someone with misplaced confidence in their dance moves, Peloton is making a push to become TikTok famous.

What happened: Peloton has partnered with TikTok to bring custom short-form workout content to the video platform.

Three resolutions for tech leaders in 2024

Tech leaders still looking for resolutions could do worse than focusing on three Cs this year: cost-saving, cleantech, and cybersecurity.

Why CEOs aren’t stepping down

A growing number of CEOs are trying to hold onto their management caps for a few years longer. And it’s probably not just because they’re smashing salary records as of late.  

Driving the news: Whitney Wolfe Herd officially stepped down as the chief executive of Bumble, a women-centred dating app worth over $2 billion, after nearly a decade in the role.