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Rubrik, a data-management software company backed by Microsoft , priced its IPO at $32 a share, according to a person familiar with the matter. Rubrik raised $752 million through the initial public offering, valuing the company at $5.6 billion. Rubrik now gets 91% of its revenue from subscriptions, up from 59% two years ago. Revenue increased less than 5% in the fiscal year that ended on Jan. 31, but annual recurring revenue from subscriptions jumped 47%. "Our key top-line metric is subscription ARR," Rubrik finance chief Kiran Choudary said in a videotaped presentation for the company's IPO roadshow.

Persons: Rubrik, Reddit, Kiran Choudary, Bipul Sinha, Sinha Organizations: Microsoft, New York Stock, Nasdaq, Astera Labs, Barclays, Carhartt, Venture Locations: U.S, Rubrik

☆ ‘Every Politician Has Got to Have Somebody That’s the Hit Man’
▼ + stars: | 2024-01-25 | by ( Ian Macdougall | ) www.nytimes.com time to read: +2 min

As he neared a retention pond, Clark pulled over and stepped out into the warm Florida air. A little before noon, sheriff’s deputies found Clark lying behind the pond, the handgun in the grass between his legs. A few years earlier, he had decided to reconnect with Larry Householder, the powerful speaker of the Ohio House of Representatives. Clark and Householder first met in the late 1990s, a couple of years after Householder joined the Ohio House. Householder was a self-styled outsider, none too fond of the Ohio Republican Party’s Reaganite establishment, which was, in turn, none too fond of him.

Persons: Clark, “ DeWine, ”, ” Clark, Larry, Ohio Republican Party’s, Bob, Betty Buckeye Organizations: Statehouse, Ohio, Ohio House, Ohio Republican, Republicans, Republican Locations: Florida, Gulf, Columbus, Perry County, Appalachia

INDIANOLA, Iowa (AP) — Marc Smiarowski hunched over to fight off the minus 18-degree Fahrenheit (minus 28 degrees Celsius) chill on Sunday, waiting for the doors to open for Donald Trump’s midday rally at a small college outside Des Moines. The major candidates spent Sunday in the state trying to shore up support and find Iowans who remain persuadable before the caucuses. He hopes Haley will do well in the caucuses, which he will attend despite the bitter cold. ___Fingerhut reported from Dubuque, Iowa, and Cooper reported from Phoenix. Associated Press writers Jill Colvin and Meg Kinnard in Des Moines, Iowa, contributed to this report.

Persons: — Marc Smiarowski hunched, Donald Trump’s, “, ”, Kailie Johnson, ” Johnson, Johnson, Trump, Nikki Haley, Haley, Ron DeSantis, they’re, DeSantis, CNN's, “ We’re, you’re, Kathy DeAngelo, “ Trump, ” DeAngelo, ’, Wanda Spiker, Vivek Ramaswamy, John Schmid, It’s, ___ Fingerhut, Cooper, Jill Colvin, Meg Kinnard Organizations: Las Vegas Raiders, Simpson College, Trump, Iowa Republicans, Florida Gov, “, Union, Republican, Phoenix . Associated Press Locations: INDIANOLA , Iowa, Des Moines, Smiarowski, Huneston, Iowa, CNN's “ State, Indianola, Kentucky , Ohio , Kansas , Illinois, Minnesota , Missouri , Wisconsin, Nebraska, America, Vietnam, Dubuque, Asbury, Dubuque , Iowa, Phoenix, Des Moines , Iowa

☆ I visited T.J. Maxx's outdoorsy sibling Sierra, the most interesting brand in the TJX family
▼ + stars: | 2024-01-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.

Persons: —, Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI

☆ Why Blue Apron and HelloFresh Can’t Keep Their Customers
▼ + stars: | 2023-10-06 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

How Carhartt Survived a Changing Workforce When Carhartt launched its line of workwear over a century ago, 69% of America’s workforce was devoted to occupations like farming, mining and manufacturing. Today, the brand is spotted on models, rappers and even former presidents, despite never swaying from its core strategy. Photo illustration: MacKenzie Coffman

Persons: Carhartt, MacKenzie Coffman

☆ Opinion: The 2,000-year-old advice for coping in 2023
▼ + stars: | 2023-09-24 | by ( Richard Galant | ) edition.cnn.com time to read: +21 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. A surprising number claimed to think about the ancient empire as often as ‘every day’ or least every week or two. It became a meme (are you even in a relationship if she hasn’t asked you about the Roman Empire? They marvel at their absolute dominion, their mastery of every strand of civilisation — and then how that power suddenly slipped away. Biden on Wednesday took steps to speed up the ability of Venezuelans in the US to obtain work permits.

Persons: CNN —, ”, Lucius Annaeus Seneca, Seneca, Caligula, Claudius, Nero, Bobby McFerrin’s musing, David M, Perry, hasn’t, Jo Ellison, —, Marcus Aurelius, that’s, David Perry, “ There’s, ” Perry, Paula M, Krebs, “, Donald Trump’s, Ron DeSantis, Trump, …, ’, ” Cupp, Roe, Wade, Cupp, he’s, Dean Obeidallah, Trump’s, Patrick T, Brown, Bill Bramhall, Content Agency Rupert Murdoch, Rupert Murdoch, Lachlan Murdoch, David Zurawik, Rupert, Murdoch, Roger Ailes, Richard Nixon, ” Murdoch “, Walt Handelsman, Kevin McCarthy, Max Burns, Donald Trump, today’s MAGA, ” Clay Jones, Chuck Schumer, Elena Sheppard, Sen, John Fetterman, baring, Fetterman, Kim Jong Un, Vladimir Putin, Kim Yo Jong, Sung, Yoon Lee, “ Kim Yo Jong, Kim, Kim Jong, ” “, Hunter Biden isn’t, Alexis Coe, George Washington’s, James Madison, Abraham Lincoln, Teddy Roosevelt, Ronald Reagan, George H.W, Bush, Hunter, … Hunter, Joe Biden, Biden, Peter Bergen, Mike Pence, … Biden, Bergen, ” Lisa Benson, Martin Sheen, Melissa Fitzgerald, Gurney, John F, Melissa, Andy, Michael Bociurkiw, ” Bociurkiw, Volodymyr Zelensky “, Zelensky, Lanhee J, Chen, ” Chen, Keir Giles, It’ll, Jennifer Wexton, Barbara Comstock, Alex Brandon, Jill Filipovic, Democrat “, ” Wexteon “, Eric Adams, Julian Zelizer . Biden, ” Don’t, David Horsey, Agency Frida Ghitis, Agatha Christie, China Adam H, Sobel, Holly Thomas, Russell Brand, Akanksha, Dan Perry, Gilead, Netanyahu government’s, Gene Seymour, Jann, Reggie B, Maren Morris, Matt Winkelmeyer, ” Maren Morris, Nicole Hemmer, Morris ’, Morris, Jason Aldean’s “, Oliver Anthony’s “ Rich, Richmond ”, “ Rich, ” Hemmer, Anthony himself, ‘, Hemmer Organizations: CNN, Financial Times, West Virginia University, Modern Language Association, WVU, West Virginia, Republican, Press, Florida Gov, White, Content Agency, Content Agency Rupert Murdoch Media, Fox News, Capitol, Agency, Democratic, fied Republican Party, Republican Party, Justice Department, Qatari, Amnesty International, Kennedy Center, UN, Assembly, CBS, Ukraine’s, Republicans, Democrat, Progressive Supra, GOP, Walton, Mobile, North, Richmond Locations: Rome, Ukraine, TikTok, Roman, Roman Republic, Washington, ”, Korean, North Korea, Iran, Qatar, Russia, Moscow, Kyiv, Dulles , Virginia, Virginia, New York City, United States, China, Las Vegas , Nevada

☆ GOP senator who's friends with Fetterman says she 'very much' disagrees with the new dress code despite not signing on to her party's letter slamming the change
▼ + stars: | 2023-09-21 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Just 3 GOP senators did not sign onto a letter condemning the new Senate dress code. That includes Sen. Katie Britt, who's good friends with Sen. John Fetterman. But the Alabama senator says she "very much" disagrees with the change anyway. "When I walked in that day, his energy and demeanor was totally different," Britt told the Associated Press of her hospital visit. "I very much disagree with Senator Schumer's unilateral change to the Senate dress code," said Britt.

Persons: Sen, Katie Britt, who's, John Fetterman, Chuck Schumer, Democratic Sen, John Fetterman of, Josh Hawley, Mike Braun, Indiana, Braun, Alabama, Britt, Schumer's, —, Fetterman Organizations: Senate, Service, Republican, Democratic, Capitol, Pennsylvania, Associated Press Locations: Alabama, Wall, Silicon, John Fetterman of Pennsylvania, Missouri

☆ Why Sweetgreen’s $15 Salads Still Haven’t Made the Company Profitable
▼ + stars: | 2023-09-19 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Carhartt, MacKenzie Coffman

☆ Behind Dollar General's Strategy to Dominate Rural America
▼ + stars: | 2023-09-01 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Carhartt, MacKenzie Coffman

☆ Airbnb Rode the Pandemic Wave, Now It Faces a Potential Recession
▼ + stars: | 2023-08-23 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Carhartt, MacKenzie Coffman

☆ Lowe's CEO talks about expanding offerings at rural locations: 'this is a passion project for me'
▼ + stars: | 2023-08-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Lowe's CEO Marvin Ellison discussed his company's plans to expand its offerings in rural areas with CNBC's Jim Cramer on Tuesday. Ellison said he heard from customers in rural areas that they sometimes had to travel to multiple locations to find products they needed, especially related to pets and livestock. In late July, Lowe's announced it was expanding its store-in-store pilot program with Petco , aiming to give customers easier access to pet supplies. Ellison added that Lowe's has outfitted around 300 stores stores with a new rural merchandising concept, which includes making Carhartt products more available along with the Petco merchandise. The company reported its Q2 earnings Tuesday morning, coming in at $4.56 per share, topping Wall Street's estimates of $4.49, according to Refinitiv.

Persons: Marvin Ellison, Jim Cramer, Ellison, Lowe's

☆ Target’s Strategy to Draw Customers Through Its Doors
▼ + stars: | 2023-08-16 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Persons: Carhartt, MacKenzie Coffman

☆ Analysis: Why Walmart's new bet on fashion brands, home decor threatens specialty chains
▼ + stars: | 2023-06-15 | by ( Siddharth Cavale | ) www.reuters.com time to read: +5 min

She told Walmart investors its strategy is to "democratize fashion" or convert the company's core, price-conscious shoppers into style-conscious shoppers. It would probably be the rest of the market that should be worried," he said pointing to apparel retailers such as Carhartt. Walmart accounts for 4.6% of the $560.4 billion U.S. apparel market, followed by TJX, Target and Ross at 4.4%, 4.1% and 2.8%, respectively, according to GlobalData. Bankrupt Bed Bath and Beyond was a leader in the home decor and furnishing industry along with furniture chains Ikea and Wayfair. In 2005, Walmart's Metro 7 fashion brand tanked and later designer lines with Max Azria and Norma Kamali also withered.

Persons: Walmart Supercenters, Drew Barrymore, Sofia Vergara, Denise Incandela, George, Ralph Lauren, Rosenblum, Privately, Refinitiv, TJX, Ross, Brandon Maxwell, Clea Shearer, Joanna Teplin, fryer, Sofia Jeans, Vergara, Arun Sundaram, Sundaram, Max Azria, Norma Kamali, Siddharth Cavale, Vanessa O'Connell, David Gregorio Our Organizations: Walmart, Reebok, Saks, Tilly's Inc, Abercrombie, Fitch, Bravo, Netflix, Bed, Amazon.com, Walmart's Metro, Thomson Locations: Bath, U.S, Bed Bath, Walmart's, New York

☆ How to thrive in a new era of AI with trust and confidence
▼ + stars: | 2023-06-02 | by ( Sponsor Post | Created Ibm With Insider Studios | ) www.businessinsider.com time to read: +6 min

But success in applying AI, whether based on the most advanced machine learning (ML) or the latest generative AI leveraging foundation models, is not just measured in speed. Whether based on ML or foundation models, the more customized your AI models are to those priorities, the better you will be able to serve your customers and deliver real business value. A hybrid cloud architecture provides the data foundation for extending AI deep into the business. If the models contain bias, or if AI models are misleading, "hallucinate," or are not explainable, the risk and cost of reputational damage and regulatory fines could be high. Three opportunities to put AI into actionHere are the best opportunities to derive benefit from AI in your business today:1.

Persons: IBM Watson, Carhartt, Let's Organizations: IBM Consulting, IBM, Dutch Bank ABN AMRO, IT, Insider Studios

☆ Lowe's is trying to lure rural shoppers by copying Tractor Supply and selling livestock products, Carhartt, and Wrangler
▼ + stars: | 2023-05-25 | by ( Ben Tobin | ) www.businessinsider.com time to read: +4 min

Analyst group Jeffries says Lowe's may cut into Tractor Supply Co.'s rural-customer market share. They will roll out in up to 300 Lowe's stores by the end of the year and include new Carhartt apparel, an expanded Wrangler lineup, as well as items for pets, livestock, and trailers. Lowe's push to expand farm and ranch offerings could be troubling news for Tractor Supply Co., which has more than 2,000 stores nationwide. Per the Jeffries report, Lowe's rolled out a pilot of its rural concept in two stores in rural parts of Tennessee in 2020. Tractor Supply could face greater competition from Lowe's.

☆ How Do I Upgrade My Carhartt Wardrobe?
▼ + stars: | 2023-05-15 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +2 min

Carhartt is my default. It should not be news to you, but if Carhartt is your default, you are way ahead of the game. Pushing your wardrobe boundaries is an effective, easy way to start to push all sorts of boundaries. Start with Carhartt itself, which figured out it could be fashionable back in 1989, 100 years after the company itself was founded, and started Carhartt W.I.P., the design-forward arm of the business. Wear your usual Carhartt workshirt on top, but let a pop of turquoise, emerald, yellow, red or pink show through.

☆ The White House Correspondents’ Association Dinner Best Dressed
▼ + stars: | 2023-04-30 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

John FettermanThe senator from Pennsylvania continues his streak as one of the most notable dressers in Washington. Given that he only recently returned to the capital after being treated for depression, joining the melee on the red carpet at the W.H.C.D. with his wife, Gisele Barreto Fetterman, was a deliberate statement about his recovery, his willingness to be open about his experience and his resilience. Still, he didn’t entirely abandon the just-a-regular-guy wardrobe that helped get him elected and that has been part of his signature even in Washington. They are a sign that he knows what he stands for — and in.

☆ Salesforce Customers Not Swayed by Slack, Analysts Say
▼ + stars: | 2023-01-06 | by ( Angus Loten | ) www.wsj.com time to read: +6 min

Salesforce reported about $402 million in Slack subscription and support revenue in the fiscal third quarter ending Oct. 31. Meanwhile, on Wednesday Salesforce said it would lay off 10% of its workforce as customers take a more cautious approach to spending. “The Slack acquisition by Salesforce has not changed the trajectory of Salesforce up or down,” said Tim Crawford, CIO strategic adviser at Los Angeles-based enterprise IT advisory firm AVOA. “That’s really the struggle for customers, to maintain the pace with a company like Salesforce,” he said. Forrester’s Ms. Herbert said the recent departures of Mr. Taylor and the Slack executives might signal that Salesforce is shifting the focus back to its core products.

☆ 19 best white elephant and Secret Santa gift ideas under $50
▼ + stars: | 2022-12-02 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +11 min

What is a white elephant gift exchange? A white elephant gift exchange — sometimes referred to as a Yankee swap — is a fun holiday activity in which everyone brings one wrapped gift and leaves with a different one. To help even the odds, most white elephant gift exchanges work best when all the gifts align in cost — typically within the $30-to-$75 range. What is a Secret Santa gift exchange? The best white elephant and Secret Santa gift ideasTo help you find the right gift for your white elephant and Secret Santa gift exchanges, we rounded up gift ideas based on our previous coverage and reader interest, all under $50.

☆ The 13 Best Winter Hats for Women, According to Style Insiders
▼ + stars: | 2022-12-01 | by ( ) www.wsj.com time to read: +6 min

By Leah Melby ClintonNecessary essential or fashion statement, a winter hat is a wardrobe must, period. Below, a breakdown of the four big winter hat trends this year, with the pros’ specific picks that combine warmth and sartorial elan. The perfect wool beanieAcne Studios Appliquéd Ribbed Wool Beanie $170 at Net-A-PorterA knit beanie is a wardrobe staple, and this 100% wool version from Acne was mentioned by multiple style pros. Retro-modern bucket hatA ’90s throwback moment enveloped the fashion industry this year, with the return of the bucket hat. Chic cashmere beanieThis warm all-cashmere style was a constant in Sanford’s wardrobe when she lived in the Northeast.

☆ The rise of Carhartt, the 133-year-old workwear brand that's beloved by everyone from rappers to celebrities to blue-collar workers
▼ + stars: | 2022-11-27 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +1 min

Carhartt got its start as a workwear brand in Detroit in the 1800s. The brand weathered the World Wars, the Great Depression, and shifts in the retail world. Today, Carhartt is equally popular among blue-collar workers and streetwear connoisseurs. But that's exactly what Carhartt has become: one of only a handful of companies sitting in the middle of a very small Venn diagram. And how did it become so beloved by blue-collar laborers, skaters, models, rappers, and Brooklynites?

☆ Here are Wall Street analysts’ favorite retail stocks as giants such as Target get set to report
▼ + stars: | 2022-11-13 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

Boots seller Boot Barn made the cut, with 83% of analysts covering it giving the stock a buy rating. Target also made the list, with 59% of analysts rating it a buy and an average price target implying upside of about 17%. The retail giant's stock has dropped more than 25% in 2022, but it has rallied 16.8% in the fourth quarter. Seventy-one percent of analysts covering the stock rate it a buy, and the average analyst price target implies upside of 41.4%, FactSet data shows. Nearly 80% of analysts covering the e-commerce giant rate it a buy, with the average price target implying upside of 41.6%.

Many companies that have shifted enterprise-technology tools into the cloud in recent years, in part as a cost-saving measure, say those investments have yet to pay off. Rather than run software and systems in their own hardware, commercial cloud users tap computing capabilities from providers such as Amazon.com Inc. and Microsoft Corp. They are also turning to multiple cloud providers, rather than relying on one cloud, for different systems and applications for different business areas. “Many first movers expected significant IT cost efficiency from their cloud investments,” said Barry Brunsman, a principal in KPMG’s CIO Advisory group. “You really do need to not just take it for granted that cloud is where you should head,” she said.

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