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The viral Stanley tumblers have caused stampedes in retail stores as customers scramble to get the latest color or limited edition. But the company’s history goes back much farther than TikTok, the internet or even modern home electricity.
Founded in 1913, Stanley’s insulated steel containers have been popular across generations—from workers at 20th-century factories to those exploring the outdoors. But until recently, its consumer base was traditionally male. Newly promoted President Matt Navarro joined in 2020, when Stanley began expanding its customer base and color options.
Navarro tells Forbes the company has seen 17 quarters of consecutive record growth. But it’s looking beyond its online virality.
“We are focused on longevity over short-lived hype,” he says. “We’re creating products that have impacts on consumers’ lives.”
Elon Musk awards Judey Kamora with $1,000,000 during an America PAC town hall on October 26 in Lancaster, Pennsylvania.
Philadelphia’s district attorney sued billionaire Elon Musk and his super PAC supporting former President Donald Trump’s candidacy Monday over its $1 million daily giveaway to swing state voters, as the cash prizes have come under widespread legal scrutiny. It’s the first known lawsuit over the sweepstakes, after the Justice Department previously sent a letter to the PAC warning it may violate federal law.
A new report looking at top U.S. companies for career advancement found that 60% of the employers studied offered workers fewer opportunities for promotion last year. But at companies leading the third American Opportunity Index, including No. 1 W.W. Grainger, the industrial supply company, followed by Costco Wholesale and Capital One, employees earn more and are more likely to be promoted.
A picket sign sits outside the Angel of the Winds Arena as striking Boeing employees gather to cast their votes on October 23 in Everett, Wash.
The assembly workers striking at embattled plane maker Boeing are asking for restoration of the company’s pension plan for the union’s 33,000 members. While the company is adamant it won’t bow to the demand,........