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☆ What if no one wants a cheap Tesla?
▼ + stars: | 2024-04-24 | by ( Matt Turner | Hayley Peterson | ) www.businessinsider.com time to read: +6 min

Even at a lower price, say $25,000, it's a very significant purchase — likely one of the most expensive purchases a person will make. AdvertisementSo let's for a second look at why a lower ticket price might not be a panacea for Tesla. There are many other Tesla buyers, of course, but as Tesla introduces lower-cost models in search of different buyers, needs will shift. Musk and Tesla are politicizedAs Tesla looks to lure potential new buyers with a cheaper car, it will have to contend with souring consumer sentiment toward the EV maker. Maybe the pool of buyers for a cheap Tesla will be ginormous.

Persons: —, Tesla, Elon Musk, TSLA, EVs, It's, BYD, Musk, it's Organizations: Service, Business, Tesla, EV, UBS, Infrastructure, Honda Civic, Toyota, Reuters, Bloomberg, Association, Renault, Elon Locations: California, headwinds, China, India

☆ The Apple car is the latest casualty in the brutal EV market
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +2 min

Read previewThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Apple's "Project Titan" car was also supposed to be an autonomous, expensive technology that most car companies have already put on the back burner. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Service, EV, Apple, Bloomberg, Business, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ The Apple car's apparent death is another grim sign for EVs
▼ + stars: | 2024-02-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +3 min

Apple appears to be tapping out as car companies scramble to adjust EV plans. AdvertisementThe Apple car is dead (apparently). The scrapped plans would be a grim sign for the EV market in the US, which has suffered from flagging demand. As BI reported earlier this month, car companies are rethinking EV plans in response to softening demand for pure electric cars. Automakers shift EV plansLike Apple, US auto companies have been shifting plans to account for softer EV demand.

Persons: —, Apple's, BYD, We're, Stella Li, Li, Mary Barra, Elon Musk's Tesla, Musk, Harald Wilhelm, Mercedes Organizations: Apple, Service, EV, Bloomberg, Yahoo Finance, General, Volvo, Polestar, Benz Locations: North America

☆ I hate to say it but, yes, you should dress for success
▼ + stars: | 2024-02-15 | by ( Henry Blodget | ) www.businessinsider.com time to read: +7 min

And now, it's finally time to discuss the perennial and important work-related question: How should you dress? That usually means dressing professionally, the way most successful people in your organization and industry dress — those people whose jobs and reputations you eventually want. Also, "professional" clothes can be expensive and a pain to care for. "Dressing for success" just means looking professional and in keeping with your workplace culture — as opposed to how you might dress on the weekend or at home. Remember:AdvertisementAs with other aspects of professional conduct, dressing for success is not about you.

Persons: —, it's, I'm, Hayley Peterson, Robert Caro —, he's Organizations: Service

Tesla CEO Elon Musk appeared to endorse an antisemitic conspiracy theory posted to X.Musk is now facing backlash from advertisers and investors. AdvertisementTesla CEO Elon Musk is under fire after he appeared to endorse an antisemitic conspiracy theory. I don't think he seeks it out, but I just think he does appreciate it for his brand, his name, you know," he said. At the Monterey, California, shopping center, the Tesla Model Y owner said Musk could impact his decision to buy another Tesla. But as he's gotten older, he's like, 'Hmm, I'm not so sure about that brand' — because of Elon Musk," he added.

Persons: Elon Musk, —, I'd, he's, Tesla, Elon, Rashed Mohammed, Mohammed, He's, — he's, It's, I've, I'm Organizations: Service, Tesla, Defamation League, Del, Brooklyn Museum, EV, Twitter Locations: New York, California, New York City, Monterey , California, Brooklyn

☆ Get ready for a blowout Black Friday
▼ + stars: | 2023-11-17 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +2 min

Black Friday and holiday sales might be bigger and better this year. Retailers may need to offer steeper discounts than last year to entice tepid shoppers to spend. AdvertisementGet ready for some killer sales on holiday goods. All of this could be adding up to a perfect storm for some blowout Black Friday and holiday sales. But the biggest winners of all in a blowout Black Friday, of course, would be shoppers.

Persons: — Organizations: Service, Walmart, Adobe Analytics, Target

☆ Spora Health's founder painted a rosy portrait of his healthcare startup. The reality is more complicated.
▼ + stars: | 2023-10-30 | by ( ) www.businessinsider.com time to read: +14 min

The way Dan Miller told it, his startup Spora Health was crushing it, providing high-quality care to "thousands" of people online. The startup had secured at least one big contract, with Apple, according to three former Spora employees and another source close to Spora. Four of them told Insider they either no longer worked with Spora or hadn't seen Spora patients in a year. Two doctors listed on Spora's website as "featured Spora providers" also told Insider that they no longer worked for the startup. Another former clinician said she only ever treated a handful of Spora patients.

Persons: Dan Miller, Miller, Spora, it's, UnitedHealthcare, Aetna didn't, paychecks, hadn't, he's, It's, —, we've, " Miller, Shelby Livingston, Rob Price, Emmalyse Brownstein, Ryan Pickrell, Gloria Dawson, Stephanie Hallett, Alcynna Lloyd, Hayley Peterson Organizations: Company, TechCrunch, Spora, US Securities and Exchange Commission, Apple, Aetna, Stanford Graduate School of Business, Human Ventures, MaC Venture, SEC Locations: Spora, Level's, slivingston@insider.com

☆ GM reportedly slammed Ford over its plan to use Chinese battery technology in EVs
▼ + stars: | 2023-09-28 | by ( Hayley Peterson | Nora Naughton | ) www.businessinsider.com time to read: +4 min

General Motors and Ford appear to be feuding over the use of Chinese battery technology in electric cars. AdvertisementAdvertisementGeneral Motors and Ford appear to be at odds over the use of Chinese battery technology in electric cars. It's not clear yet whether that means Ford's use of Chinese battery tech will disqualify some of its cars. China at the bargaining tableFord halted construction on a new battery plant in Michigan this week as Republican lawmakers apply more scrutiny to the company's ties to a Chinese battery maker. When Ford announced the $3.5 billion EV battery plant earlier this year, the company said it would be contracting battery technology from China's Contemporary Amperex Technology Co. Ltd., or CATL.

Persons: —, Mary Barra, GM's, Jim Farley, Biden, what's, We're Ford, Chris Smith, Ford, GM didn't, T.R, Reid, Shawn Fain, Fain Organizations: Motors, Ford, GM, Service, Wall Street Journal, Ford Motor, EVs, Amperex Technology, . Ltd, Bloomberg, United Auto Workers, Detroit, UAW Locations: China, America, Michigan, Marshall , Michigan, Dearborn , Michigan

☆ How Best Buy is winning the war against retail theft
▼ + stars: | 2023-08-30 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +4 min

But Best Buy said Tuesday that theft at its stores has remained relatively stable. On Tuesday's call, Barry rattled off a list of strategies that she said has helped Best Buy combat theft. Best Buy employs security workers at store entrancesBarry said Best Buy employs asset-protection employees at its front doors. Best Buy stores have one entrance and few self-checkout registersBarry highlighted other features of Best Buy's stores as theft deterrents. Best Buy is locking away some merchandiseBarry said Best Buy has started removing some items from the sales floor that could be prime targets for thieves.

Persons: —, Corie Barry, Dick's, Barry, Matt Kelley, Richard Galanti, we've Organizations: Walmart, Service, Dick's Sporting Goods, Costco, LiveView Technologies Locations: Wall, Silicon

☆ Best Buy declares the 'low point' in tech sales after years of declines
▼ + stars: | 2023-08-29 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +4 min

Best Buy's CEO said we're in "the low point in tech demand after two years of sales declines." "We continue to expect that this year will be the low point in tech demand after two years of sales declines," Best Buy CEO Corie Barry said Tuesday on a call with analysts after the company reported its second-quarter earnings. Best Buy is already seeing glimmers of stabilization in categories like home theater, executives said on the call. AdvertisementAdvertisementBut first, Best Buy has to get through the rest of this year. "Best Buy faces a tough environment in which few consumers are looking to splurge on big-ticket items such as home theaters, TVs, and appliances," Stambor wrote.

Persons: we're, Macy's, Corie Barry, Barry, Zak Stambor, Stambor Organizations: Shoppers, Service, Chase, Walmart, Amazon, Costco, Intelligence Locations: Wall, Silicon

☆ The average Chick-fil-A franchise makes nearly $8.7 million in sales and has one of the lowest fast-food franchise startup fee — here's how to open one
▼ + stars: | 2023-08-03 | by ( Hayley Peterson | Dominick Reuter | Nancy Luna | ) www.businessinsider.com time to read: +7 min

Chick-fil-A 's fee for a new restaurant is $10,000 – one of the lowest of any major fast-food brand. In 2022, most locations average nearly $8.7 million in sales per year, up from $8.1 million a year ago, according to the chain's 2023 Franchise Disclosure Document. McDonald's, for example, requires potential franchisees to pay from $1.5 million and $2.5 million in startup costs — including a $45,000 franchise fee, according to the chain's 2023 FDD. Total costs to launch a franchised Chick-fil-A restaurant ranges from $518,385 to $2,803,435, according to the 2023 FDD documents. No transfer or sale of a Chick-fil-A business is allowed, not even family inheritance in the event of death or disability.

Persons: Mark Kalinowski, Chick, McDonald's, Noam Galai, Jay Reed Organizations: Service, Business, Taco Bell Locations: Wall, Silicon, York

☆ A Walmart shopper said a police officer kneeled on his neck during a receipt check over a frozen pizza
▼ + stars: | 2023-06-13 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +4 min

A Walmart shopper said a police officer pinned him to the ground after asking about his receipt. Dayton Borisouth told Insider the officer confronted him after he purchased a $5 frozen pizza. The Kansas City, Kansas police department said it disciplined two officers involved in the incident. Dayton Borisouth, 24, told Insider he was leaving the Walmart store in early June after purchasing the pizza for his family, when an officer confronted him. Video shows officers kneeling on the Walmart shopperThe police department said Borisouth became "belligerent" after he was asked for his receipt.

Persons: Dayton Borisouth, —, Borisouth, Borisouth's, Chris Enloe, Gloria Dawson Organizations: Walmart, Service, Dayton Borisouth, Fox, Kansas City, Shoppers Locations: Kansas City , Kansas, Denver

☆ Why the 34-year-old CEO of P.F. Chang's likes to wake up at 4:30 a.m. daily to work out
▼ + stars: | 2023-06-11 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +3 min

He says early morning runs help him stay mentally sharp and give him a "conquest" to start the day. Chang's says early morning runs help him stay sharp at work and build mental discipline. "I like the routine precisely because it's hard," Adamolekun told MarketWatch. After his runs, Adamolekun gets some work done in his home office, as he's previously told Insider. Adamolekun told MarketWatch his youth may help him connect with younger consumers.

Persons: —, Chang's, Damola Adamolekun, Fortune, Adamolekun, he's, Paulson, it's Organizations: Service, Co, TriArtisan Capital Advisors Locations: Chang's, Scottsdale , Arizona

☆ Why Walmart, Costco, and Sam's Club workers check your receipts — and you should comply
▼ + stars: | 2023-06-10 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +3 min

Walmart, Costco, Sam's Club, and many other retailers check shoppers' receipts at store exits. Retail employees check receipts to reduce theft and ensure customers leave with all their purchases. So why would any store check receipts if it creates if it causes so much tension? Why Costco and Sam's Club check receiptsBut checking receipts isn't just about reducing theft. "To ensure that you are charged correctly for the merchandise you have selected, Sam's Club may inspect or electronically scan your merchandise and electronic/phone or paper copy receipt(s) when you exit any Sam's Club location," the warehouse chain said on its website.

Persons: —, you've, Gloria Dawson, Costco, it's Organizations: Walmart, Costco, Sam's, Service, Shoppers Locations: Denver

☆ CNN's story on the ouster of its CEO is a giant middle finger
▼ + stars: | 2023-06-07 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +2 min

CNN reporter Oliver Darcy described Licht's tenure as "stained by a series of severe missteps." Darcy wrote that Licht alienated employees at all levels of CNN and effectively "lost the room." He said the chairman and CEO alienated employees at all levels of the organization and effectively "lost the room." But he "quickly squandered much of that goodwill through a series of blunders, many of his own making," Darcy wrote. "In the final days, Licht seemed to understand that he had alienated staffers," Darcy wrote.

Persons: Christ Licht, Oliver Darcy, Darcy, Licht, Chris Licht, Licht's, Jeff Zucker, Stephen Colbert, Brian Stelter, Donald Trump, Kris Coratti Kelly, Matt Dornic Organizations: CNN

☆ The rise and fall of Crumbs Bake Shop: How the Y2K darling lost its edge — and how its founders plan to bring the bakeshop back online and in groceries
▼ + stars: | 2023-05-08 | by ( Hayley Peterson | Alex Bitter | ) www.businessinsider.com time to read: +1 min

Crumbs Bake Shop popularized fancy cupcakes in the early 2000s before the brand floundered in the 2010s. But Crumbs' founders returned to the brand last year and are rebuilding it with a new strategy. From the first store in New York City to their delivery-savvy reboot, here's the full story of Crumbs. Loading Something is loading. The husband-and-wife team who opened the first Crumbs store in Manhattan grew their business to dozens of locations in an effort to become America's local bakery.

☆ Bed Bath & Beyond, David's Bridal, Party City, and more: The biggest retail bankruptcies of the past 15 years
▼ + stars: | 2023-05-07 | by ( Hayley Peterson | Leslie J. Allen | ) www.businessinsider.com time to read: 1 min

Bed Bath & BeyondBed Bath & Beyond said it would begin liquidation sales at its stores in April 2023 after filing for bankruptcy. Getty ImagesBed Bath & Beyond filed for bankruptcy on April 23, 2023. The home goods retailer had been limping along for months, closing hundreds of its namesake stores, exiting the Canadian market, winding down its Harmon health and beauty chain, and failing to raise the money it needed to continue operating. It said in April 2023 that it would hold liquidation sales at its remaining 360 Bed Bath & Beyond stores and 120 Buybuy Baby locations.

☆ What would your CEO learn doing your job for a day? We want to know.
▼ + stars: | 2023-05-05 | by ( Hayley Peterson | ) www.businessinsider.com time to read: +1 min

Some CEOs are moonlighting as frontline workers to root out problems. Uber's CEO became a delivery driver and Starbucks' CEO worked in stores alongside baristas. Do you think your CEO should do your job for a day? Uber CEO Dara Khosrowshahi secretly signed up as a driver last year, transporting dozens of passengers and deliveries around San Francisco. If you think your CEO should spend a day in your role, tell us why — and what they might learn from the exercise — in this survey.

☆ Starbucks CEO worked in stores and said he found too many shortages and 1,500 combinations for cups and lids
▼ + stars: | 2023-05-03 | by ( Hayley Peterson | Gloria Dawson | ) www.businessinsider.com time to read: +3 min

Starbucks' CEO shared some of his key takeaways after spending time working in stores alongside baristas. He said the company needs to buy cheaper cups and slash the number of lid-and-cup combinations. He said the company needs to buy cheaper cups and slash the number of lid-and-cup combinations. He described stores as "theaters at the front with a factory in the back" and said the company needs to strengthen the factory, in particular. Later, he added, "We can buy different, and we can buy better.

☆ In-N-Out owner Lynsi Snyder is expanding the burger chain to two more states and increasing her wealth along the way. Here's how one of the youngest billionaires in the US lives her life.
▼ + stars: | 2023-03-03 | by ( Rachel Askinasi | Hayley Peterson | Nancy Luna | ) www.businessinsider.com time to read: 1 min

Snyder told "CBS This Morning” that she shies away from interviews intentionally. "We want to do what we do best, and that's serve some good burgers to our customers. It's not about us here — it's about this," she said, pointing to the restaurant behind her. Source: "CBS This Morning"

☆ McDonald's is opening 1,900 restaurants in 2023. Here's what it costs to open a McDonald's restaurant
▼ + stars: | 2023-02-07 | by ( Hayley Peterson | Nancy Luna | ) www.businessinsider.com time to read: +5 min

McDonald's franchise fee is $45,000. But McDonald's restaurants posted average domestic sales of $4 million in 2021, according to the chain's franchise disclosure report for 2022. Initial investment costs for running a McDonald's range from $1.4 million and $2.5 million — including the franchise fee. The rent for most new McDonald's restaurants ranges from 10% of total gross sales to $15.75% for new restaurants that have opened since January 1, 2020. But by mid-December 2022, McDonald's had grown to 13,666 US restaurants, according to preliminary store count data obtained from market research firm Datassential.

☆ The average Chick-fil-A franchise exceeds $8 million in sales and has one of the lowest fast-food franchise startup fee — here's how to open one
▼ + stars: | 2023-01-13 | by ( Hayley Peterson | Dominick Reuter | Alexandra York | ) www.businessinsider.com time to read: +6 min

Chick-fil-A 's fee for a new restaurant is $10,000 – one of the lowest of any major fast-food brandChick-fil-A restaurants average more than $8 million in sales annually among non-mall locations. By comparison, McDonald's restaurants posted average domestic sales of $4 million in 2021, according to the chain's franchise disclosure report for 2022. McDonald's, for example, requires potential franchisees to pay from $1.4 million and $2.5 million in startup costs — including a $45,000 franchise fee. Total costs to launch a franchised Chick-fil-A restaurant ranges from $219,055 to $2,912,697, according to 2022 FDD documents. While a Chick-fil-A costs less up-front, over time franchisees end up paying a lot more to the company to operate the business.

☆ Aldi customers are scrambling to buy a $13 dress. That's the power of its 'treasure hunt' Aldi Deals aisle.
▼ + stars: | 2022-12-16 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +4 min

A limited-edition Aldi dress gained traction in a Facebook group of 1.5 million members. The dress was a feature in the Aldi Finds aisle, which is responsible for about 20% of total sales. The wrap-style dress from the brand Serra was featured in Aldi's weekly "Aldi Finds" advertisement for the week of November 9. Aldi's "Aldi Finds" aisle is a grab bag of products that changes throughout the year. Aldi did not respond to Insider's request for comment, but as Aldi plans to continue its rapid expansion, its Aldi Finds aisle likely will remain a key part of future store designs.

☆ How the Warehouse Boom Changed the Way America Looks, Lives, and Works
▼ + stars: | 2022-10-19 | by ( ) www.businessinsider.com time to read: +1 min

As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom. Now warehouse boomtowns shoot up in places like California's Inland Empire, Pennsylvania's Lehigh County, and Columbus, Ohio, and the number of warehouse workers has nearly tripled in a decade. Here, Insider explores how the rise of warehouses and warehouse work has changed the US and its citizens as we became a Warehouse Nation. A surge in warehouse workUsing data and on-the-ground reporting, Insider looked at the opportunities and hidden costs of the rise of warehouse work. Read more from 'Warehouse Nation'A look from Insider at how the warehouse boom has reshaped America.

It costs more than $1 million to open a McDonald's or Wendy's franchise. Meanwhile, it costs $10,000 to open a Chick-fil-A franchise. For example, you must have at least $500,000 in liquid assets to open a McDonald's and $750,000 to open a Taco Bell. And, while the typical Chick-fil-A franchise can exceed $8 million in sales, franchise owners must pay 50% of their net profits to the chain. Following the name of each restaurant chain is the average total startup costs to open one restaurant in the US.

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