|The 'Oprah Effect' Can't Fix Weight Watchers' Biggest Problems — and Shares are Tanking
By: Business Insider
Weight Watchers shares are crashing after the company announced CEO James Chambers is resigning.
Shares fell as much as 8% in after-hours training on the news, which comes at an uncertain time for the brand. Weight Watchers will commence a search for a new CEO.
One year ago, investors scurried to buy Weight Watchers shares after Oprah bought a 10% stake in the company and said she would join its board.
But investors were overlooking some of the company's biggest problems. Weight Watchers, whose diet program has a questionable long-term track record, faces competition from free apps and changing attitudes toward wellness that will have more people turning to alternatives.
KEEP READING HERE
Sales Development Manager
Virginia Economic Development Partnership
Marketing Project Manager
Bonita Springs, Florida
San Francisco, California
Copywriter, Marketing, Insights and Commun...
University of St. Thomas
Saint Paul, Minnesota
Engel & Volkers Banner
Sugar Mtn, North Carolina
Restaurant & Retail Marketing Manager
Marketing & Communications Director
Museum of Contemporary Art Cleveland
Cleveland Hts, Ohio
Paid Search Analyst
Cox Media Group
Public Relations Manager
DAKCS Software Systems
West Haven, Utah
Creative Services Manager
MSC Industrial Supply
Melville, New York
New Media Jobs