DIRS.INFO The most relevant business & tech news

☆ Meet Rob Walton, the Walmart heir worth $79.8 billion who's retiring from the company's board after more than 40 years
▼ + stars: | 2024-04-26 | by ( Avery Hartmans | Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Rob Walton, the eldest of Walmart founder Sam Walton's children, is retiring after more than 40 years on the company's board. With a net worth of $79.8 billion, he's among the 20 richest people in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementWalmart billionaire Rob Walton is stepping down from the board of his family's company. Walmart announced on Thursday that Walton, the eldest son of founder Sam Walton, will retire after more than 40 years on the board as its longest-serving member.

Persons: Rob Walton, Sam Walton's, —, Walton, Sam Walton Organizations: Walmart, Service, NFL, Denver Broncos

☆ Jack Dorsey showed up to the Super Bowl rocking a 'Satoshi' t-shirt
▼ + stars: | 2024-02-12 | by ( Lina Batarags | ) www.businessinsider.com time to read: +3 min

Jack Dorsey was at the Super Bowl. He wore a t-shirt that says "Satoshi," emblazoned in the style of a Nirvana t-shirt. And we saw Jack Dorsey in a t-shirt that's making waves on X, formerly known as Twitter. That's because Dorsey can be seen sporting a black t-shirt that says "Satoshi" in yellow lettering. AdvertisementJUST IN: Jack Dorsey spotted wearing a Satoshi #Bitcoin shirt at the #SuperBowl 🏈 pic.twitter.com/oDUySC5p7X — Bitcoin Magazine (@BitcoinMagazine) February 12, 2024Two things to note here:Satoshi Nakamoto is said to be the inventor of bitcoin.

Persons: Jack Dorsey, Satoshi, —, It's, Tim Cook, Taylor Swift, Dorsey —, Beyonce, Jay, Dorsey, miley, ike Organizations: Super, Service, Twitter

☆ Who Is Bernard Arnault? The LVMH founder is one of the world's richest people and his family-run company operates like the plot of 'Succession.'
▼ + stars: | 2023-11-25 | by ( Avery Hartmans | Britney Nguyen | Sarah Jackson | ) www.businessinsider.com time to read: +2 min

Bernard Arnault is the world's third richest man. He controls the massive luxury conglomerate LVMH, and his children all hold roles in the business. His eldest son, Antoine Arnault, will be stepping down from his role as CEO of Berluti in January. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNo name is perhaps more synonymous with the world of luxury goods than Bernard Arnault.

Persons: Bernard Arnault, Antoine Arnault, —, Moët Hennessy Louis Vuitton, Louis Vuitton, Dom Pérignon, He's, Jeff Bezos, Elon Musk, he's, Arnault, LVMH, Antoine, Here's Organizations: Bloomberg, Berluti, Service, TAG, Amazon, Tesla

☆ Inside the career rise of Sundar Pichai, the Google CEO being paid hundreds of millions to pave the way towards an 'AI-first' company
▼ + stars: | 2023-09-30 | by ( Aaron Mok | ) www.businessinsider.com time to read: +1 min

Sundar Pichai, Alphabet's CEO, is one of the world's highest-paid executives, earning $226 million in 2022. Pichai has been at Google since 2004 and rose through the ranks, becoming its CEO in 2015 and taking the helm of Alphabet in 2019. As CEO, Pichai has reorganized Google's workforce, issued mass layoffs, and emphasized AI. AdvertisementAdvertisementSundar Pichai has had a meteoric rise since joining Google as a 31-year-old product manager in 2004. In the 11 years that followed his first steps on the Googleplex, Pichai was promoted four times, eventually becoming the CEO of Google in 2015.

Persons: Sundar Pichai, Pichai, —, Larry Page, Jillian D'Onfro, Avery Hartmans, Mary Meisenzahl Organizations: Google, Service

Shivon Zilis was pictured alongside Elon Musk and their twins for the first time on Wednesday. Insider first reported that Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. AdvertisementAdvertisementGrimes, whose legal name is Claire Boucher, said on X that communication about Zilis' twins "wasn't handled super well." Last week, in a since-deleted post on X Grimes accused Zilis of blocking her on social media. The Neuralink director has also taken to posting about her children in recent months.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Justine, Grimes, He's, he's, Tesla, Justin Sullivan, Ray Kurzweil, I've, Sam Altman, OpenAI's, Jonathan Raa, Neuralink, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis, Claire Boucher, wasn't, Musk's, X Grimes, Tau, ftw Organizations: Service, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, Getty, Food and Drug Administration, California, Twitter, SpaceX Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ The history of Apple in photos, from the early Steve Jobs era and iPhone launch to crossing the $3 trillion milestone under Tim Cook
▼ + stars: | 2023-06-30 | by ( Matt Weinberger | Avery Hartmans | Sindhu Sundar | ) www.businessinsider.com time to read: +1 min

But the iPhone-maker almost didn't make it this far — it struggled in the '90s until Steve Jobs returned as the company's CEO. Apple has weathered hits and flops over the years, from the launch of the influential Apple II to the misguided Newton MessagePad. Apple surpassed a $3 trillion market cap on Friday morning — a milestone it previously hit once last year but didn't sustain. Michael Dell himself once quipped that if he were in Jobs' shoes, he'd shut Apple down and return the money to the shareholders. Here's a look into the history of Apple in photos, from its inception, through its hard times, to the triumphant return of Jobs.

Persons: Steve Jobs, Newton, Michael Dell Organizations: Apple, Morning, Microsoft

☆ Abandoned stores are coming back to life as pickleball courts, thanks to startups ready to cash in on the trend
▼ + stars: | 2023-06-12 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +6 min

Pickleball courts are taking over old big-box stores and mall anchor tenants. This Richmond Macy's, which is located inside Regency Square Mall, is just one of dozens of malls, former department stores, and former big-box stores across the country being turned into pickleball facilities. Laaser said former anchor tenants like Macy's are perfect for pickleball, since they're "basically just big boxes" sitting empty inside declining malls. There's a 'gold rush' on indoor pickleball courtsAn indoor pickleball facility operated by The Picklr inside an old Staples store. It's led to an explosion in companies that make pickleball equipment and, more recently, dedicated pickleball facilities.

Persons: —, Jon Laaser, Richmond, Laaser, pickleball, It's, Steve Kuhn, Major League Pickleball, Pickleball, Kuhn, Jorge Barragan, Barragan, There's, liquidators, it's, we've Organizations: Service, Staples, Sports & Fitness Industry Association, Major League, Party City Locations: Richmond , Virginia, Regency, Richmond, pickleball, Arizona Mills, Tempe , Arizona, Utah, Colorado

☆ Conservative boycotts against Target and Bud Light are working thanks to a 'perfect storm' of social media and culture wars, experts say
▼ + stars: | 2023-06-03 | by ( Avery Hartmans | Natalie Musumeci | ) www.businessinsider.com time to read: +7 min

Experts say the boycotts work thanks to the culture wars and panic-stoking online and in the media. Bud Light was the target of social-media outcry in April after it partnered with the trans influencer and TikTok star Dylan Mulvaney. Bud Light owner Anheuser-Busch said that several of its facilities had received threats following the weeks of backlash against its brands. Like Bud Light, Nike also partnered with Mulvaney, but that outrage cycle seemed to blow over quickly. "Well, you know what, the next company is gonna say, 'We don't want to be Bud Light or Target.

Persons: —, Bud Light, Dylan Mulvaney, Disney, Ron DeSantis, Joe Raedle, Lawrence Glickman, Glickman, Bud, Busch, Brian Cornell, Scott Olson, Vanitha Swaminathan, Republican Sen, Ted Cruz, Cruz, Ari Drennen, Drennen Organizations: Service, Target, Florida Gov, American Studies, Cornell University, Consumer, Bud Light, Anheuser, Survey, Carey School of Business, Arizona State University, Cornell, Nike, Mulvaney, Katz, Branding, University of, Republican, Disney, Media Matters Locations: Target, America, Patagonia

☆ Walmart says it hasn't changed its Pride Month merchandise following backlash at Target stores
▼ + stars: | 2023-06-01 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Walmart says it has no plans to change its Pride collection following the backlash against Target. Target said workers were threatened over its Pride items, leading it to pull them from some stores. "In this particular case, when we think about security ... we have not done anything in particular differently related to security in our stores," Watkins said. Late last month, Target made the decision to pull some Pride-themed merchandise and remove Pride displays at some of its stores after store workers and call-center employees were subjected to violent threats. That outcry over Target's Pride merchandise comes after a similarly anti-LGBTQ campaign targeting Bud Light earlier this year when the beer maker partnered with a trans influencer.

Persons: hasn't, —, Latriece Watkins, Watkins, Walmart hasn't, Bud, Bud Light Organizations: Walmart, Target, Service, Privacy, Bloomberg, Reuters, Pride Locations: Bentonville , Arkansas

☆ The retail apocalypse left dead malls and shuttered big-box stores scattered across the US — now, pickleball is coming to the rescue
▼ + stars: | 2023-05-27 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +5 min

Pickleball courts are taking over old big-box stores and mall anchor tenants. This Richmond Macy's, which is located inside Regency Square Mall, is just one of dozens of malls, former department stores, and former big-box stores across the country being turned into pickleball facilities. The retail apocalypse that swept through brick-and-mortar stores over the last decade-plus left in its wake large, empty shells begging to be repurposed — now, entrepreneurial pickleball enthusiasts are coming to the rescue. Laaser said former anchor tenants like Macy's are perfect for pickleball, since they're "basically just big boxes" sitting empty inside declining malls. There's a 'gold rush' on indoor pickleball courtsAn indoor pickleball facility operated by The Picklr inside an old Staples store.

☆ A retailer just blocked 42,000 customers from its site for returning too many items. It could trigger a new wave of returns backlash.
▼ + stars: | 2023-05-25 | by ( Grace Mayer | Associated Press | ) www.businessinsider.com time to read: +3 min

Sweden-based online fashion retailer Bootz AB blocked 42,000 customers for returning too many items. Bootz's policy is part of a larger trend among retailers who are charging customers for making too many returns. While levying these measures against customers isn't new, shoppers are making more returns than ever before, Insider reported. Some retailers are now wanting customers to shoulder the cost of returns, by charging them fees to make those returns, Insider reported. Amazon, TJ Maxx, and Abercrombie & Fitch, are just a few brands that are charging customers who make online returns.

☆ The rise and fall — and rise again — of Abercrombie & Fitch
▼ + stars: | 2023-05-24 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

Abercrombie & Fitch was founded as a store for outdoor gear in the late 1800s. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisementAnd these changes are paying off: Abercrombie & Fitch’s recent sales shattered Wall Street estimates, according to its 2023 fiscal second quarter report. The brand brought in $935.3 million in revenue — far outpacing Wall Street estimates of $842.4 million in revenue. Here's how Abercrombie & Fitch rose to fame, almost lost it all, then mounted a comeback.

Persons: Fitch, Abercrombie Organizations: Abercrombie, Service, Fitch, Supreme Locations: Wall, Silicon

☆ Target is recalling roughly 5 million candles after 137 reports of them cracking during use and 6 injuries
▼ + stars: | 2023-05-22 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Target is recalling roughly 5 million candles after reports of lacerations and burns. The recall applies to certain Threshold glass jar candles sold between August 2019 and March 2023. Customers can return their candles to Target for a full refund, Target says. The recall, which affects about 4.9 million candles, comes after 137 reports of the glass jar breaking or cracking during use. The recall includes 5.5-ounce, 14-ounce, and 20-ounce candles in a range of scents, including vanilla bean and amber, whiskey and oak, and coconut sorbet.

☆ How David's Bridal went from bridal-dress domination to the 'Walmart of weddings' and its second bankruptcy filing in 5 years
▼ + stars: | 2023-05-14 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

But the sale came at a time when the bridal industry was beginning to change. While David's Bridal offered some pricier gowns, it was known primarily for affordable wedding dresses, and the lower end of the bridal market had become saturated. Plus, high-end designers had started to launch their own couture bridal lines and brides were starting to spend thousands of dollars on their dream dress. Anne Cusack/Los Angeles Times via Getty ImagesSource: Los Angeles Times

☆ Get ready to pay up to $10 for making a return, as more companies charge fees for shipping an item back
▼ + stars: | 2023-05-11 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

More retailers are charging customers for shipping and related fees for mailing back returns. Roughly 41% of companies charged such fees in 2022, an increase from 33% in 2021, according to a survey. It's becoming more common for customers returning products to shoulder shipping fees. Several major retailers have referenced shipping fees for returns, including H&M, which states that "Shipping and handling costs are not refundable." J.Crew notes on its website that customers shipping gift returns will see a $7.50 charge in their refund, while JCPenney states that shipping returns cost $8.

☆ Party City is planning to close over 30 stores across the country — here's the full list
▼ + stars: | 2023-05-09 | by ( Avery Hartmans | Ben Tobin | ) www.businessinsider.com time to read: +5 min

Party City says it's closing over 30 stores after filing for Chapter 11 bankruptcy protection. Cartersville: Cartersville Crossing, 451 East Main St.IowaWaterloo: Crossroads Commons Shopping Center, 1415 Flammang Dr.IllinoisBradley: Bradley Commons, 2060 N. State Rte. 20Felch Street Shopping Center, 3050 Beeline Rd., Ste. L12East Hills Shopping Center, 3702 Frederick Ave., Ste. K2Five Points Shopping Center, 4101 Hwy.

☆ From 'baguette' bags to velour tracksuits: these are the trends that teens are bringing back from the dead
▼ + stars: | 2023-05-08 | by ( Mary Hanbury | Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Ugg bootsUgg's $150 ultra mini platform boot. Piper Sandler's latest semi-annual survey of over 5,000 teens had similar findings: Ugg boots ranked as the No. Ugg's parent company, Deckers, is seeing the trend pay off. The company reported a 21% spike in new customers during its most recent quarter, particularly among 18 to 34-year-olds. That newfound popularity is partly tied to the release of its $150 mini platform boots.

☆ What it's like to visit the new Tiffany & Co. flagship store in New York City where the jewelry is stunning, but the real treat is the escape from reality and the museum-quality art
▼ + stars: | 2023-05-07 | by ( Avery Hartmans | ) www.businessinsider.com time to read: 1 min

At this point, I'd begun to notice how friendly all the Tiffany employees were and how many were stationed throughout the store. I'd been greeted on every floor I visited and several people had taken the time to show me around or explain the art and architecture in detail. The "rose room" on the third floor houses art by Rashid Johnson. Avery Hartmans/Insider

☆ The life of Karl Lagerfeld, the late Chanel designer whose career was honored at this year's Met Gala
▼ + stars: | 2023-05-03 | by ( Avery Hartmans | Rachel Askinasi | ) www.businessinsider.com time to read: 1 min

Years after Lagerfeld's death, questions still remain about the benefactors of his estate, which was estimated to be worth more than $200 million at the time of his death. French newspaper Le Parisien reported in 2020 that a group of seven people close to Lagerfeld were listed in his will, but those heirs are still in dark about what they'll receive and when, WWD reported. Charles Sykes/Invision/AP ImagesSource: WWD

☆ Jack Ma, who disappeared from public view in 2020, just accepted a teaching position in Japan. Here's how the Alibaba and Ant Group founder got started and amassed a huge fortune.
▼ + stars: | 2023-05-01 | by ( Madeline Stone | Avery Hartmans | Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

Jack Ma, the billionaire founder of Alibaba and Ant Group, accepted a teaching role in Japan. Ant Group said Ma would give up control of the fintech company amid closer scrutiny from Beijing. Alibaba and Ant Group founder Jack Ma, who disappeared from public view in 2020 and resurfaced in Thailand in January, has accepted a teaching role in Japan. Ma is expected to conduct research on sustainable agriculture and food production, Tokyo College said in an announcement on May 1. Jay Fai restaurant in Bangkok, Thailand, posted a photo of Ma when he resurfaced.

☆ Teen bans on the rise: malls, theme parks, and even a Chick-fil-A are requiring chaperones to stop rowdy minors
▼ + stars: | 2023-04-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +4 min

Shopping malls, theme parks, and a Chick-fil-A restaurant are starting to require chaperones for teenagers. Curfews for teens are nothing new — they first popped up at malls in the 1980s and 1990s. Southern California's Knott's Berry Farm announced in April that it was instituting a stricter policy in response to "increasing incidents of unruly and inappropriate behavior," the theme park said. Visitors pose for photos at Knott's Berry Farm. Jae C. Hong/APKnott's Berry Farm isn't alone in cracking down on unsupervised teenage visitors recently.

☆ Don't trash your Bed Bath & Beyond coupons — you can now use them at Big Lots, The Container Store, and Boscov's
▼ + stars: | 2023-04-28 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

The Container Store, Big Lots, and Boscov's are accepting "expired" Bed Bath & Beyond coupons. Wednesday was the last day to use coupons at Bed Bath & Beyond stores following the company's bankruptcy filing. Discount furniture and home decor retailer Big Lots said Thursday it would also accept Bed Bath & Beyond's expired coupons through May 7. Pennsylvania-based Boscov's, which operates 50 department stores mostly on the East Coast, said that it, too, would accept Bed Bath & Beyond coupons. Bed Bath & Beyond said it would stop accepting coupons by April 26, and it began liquidation sales this week at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations.

☆ Mark Zuckerberg, whose Meta laid off thousands of people, is now the 12th richest person on the planet after his wealth surged to $87 billion
▼ + stars: | 2023-04-28 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

Zuckerberg's wealth shot up by $10 billion to top $87 billion on Thursday. Meta has laid off thousands of staffers, which likely impacted the company's productivity and dented employee morale. Because of that, Zuckerberg's wealth shot up by $10 billion to top $87 billion, the highest it's been in over a year. He is now the 12th richest person on the planet, per the Bloomberg Billionaire Index. These cuts are on top of the 11,000 jobs Meta already axed in November, part of the company's broader play to make 2023 its "year of efficiency."

☆ America's largest jewelry company says ring sales are on the decline as fewer people get engaged
▼ + stars: | 2023-04-27 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Signet Jewelers said an "engagement gap" in the US is contributing to declining ring sales. Company president Jamie Singleton projected the company needs to grow sales 25% by 2026 to return to engagement levels before the pandemic, CNN reported. According to Signet Jewelers — the largest jewelry company in the US and owner of Kay Jewelers, Jared, and Zales — retailers are suffering from an "engagement gap" that's been about three years in the making. "Engagement jewelry sales were lackluster in fiscal 2023, and we expect them to remain so for the balance of fiscal 2024." Signet Jewelers did not immediately respond to Insider's request for comment.

☆ Don't trash your Bed Bath & Beyond coupons — you can now use them at The Container Store
▼ + stars: | 2023-04-26 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +2 min

The Container Store will accept "expired" Bed Bath & Beyond coupons until the end of May. Wednesday is the last day to use coupons at Bed Bath & Beyond stores following the company's bankruptcy filing. Bed Bath & Beyond filed for Chapter 11 bankruptcy protection on Sunday after months of uncertainty over its survival. Bed Bath & Beyond's ubiquitous and oversized coupons — known as Big Blue — may have played a role in the company's slow demise. Liquidation sales will begin Thursday at the remaining 360 Bed Bath & Beyond and 120 Buybuy Baby locations.

Search resuls for: "Avery Hartmans"

25 mentions found