Business Stories of the Week: Friday, April 27, 2018

by April 27, 2018

More workplaces are following Silicon Valley’s style and adopting casual dress codes for employees. (Photo via pixabay.com)

More businesses keep it casual

Walmart, which has a relatively strict dress code, is now allowing some employees to wear blue jeans and shirts of any color, instead of black or khaki pants and white or blue shirts, according to MarketWatch. As Silicon Valley startup culture permeates the American workplace, more casual dress codes have percolated their way through much of the business world. Studies show that a more casual workplace creates happier employees, which improves retention and reduces hiring costs.

Some Americans willing to sell social media data

Many Americans were angry when they found out Facebook was profiting from selling their personal social media data. But the same people seem willing to sell their own data for profit, CNBC reported. In Vermont, people were willing to sell their social media data for $4,000. The national average price point is about $2,160. Americans are willing to put a price tag on their privacy, it seems, just as long as they’re the ones profiting from selling it. A quarter of Americans said they would sell their data for a profit, while 20% would purchase someone else’s data.

Smart windows surge sudsy sales

An experimental window treatment at Dallas-Fort Worth airport, which was meant to reduce the sun’s glare on passengers in the terminal, is showing an unintended side effect: a nearly 80% uptick in liquor sales at one of the airport’s restaurants, according to Bloomberg. The tinted glass made the restaurant more comfortable, and travelers were routinely having one of two extra rounds while waiting for their flights. The glass continues to grow in popularity as part of sustainable construction and is popping up around the country.

Ford to roll back car production

Although the Thunderbird and the Crown Victoria are relics of the past, Ford has a rich history of creating American cars. But by 2020, only 10% of its production will actually be sedans.  Instead, it plans to focus on more lucrative SUVs, commercial vehicles, and trucks, according to Bloomberg. It seems like Americans who buy sedans stick to imports, but thanks to improving economic conditions, they’re willing to buy American SUVs. Since this announcement, Ford’s shares rose 3.8%, signaling that this might be a good idea for the company to stay profitable.