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Search resuls for: "Jade Tungul"


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☆ America's biggest companies say retail crime is an epidemic, but just how big of a problem is it?
  + stars: | 2023-03-18 | by ( Gabrielle Fonrouge Jade Tungul Tala Hadavi | Gabrielle Fonrouge | Jade Tungul | ) www.cnbc.com   time to read: +2 min
America's biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. However, the problem isn't as clear-cut as retailers and trade groups have made it seem. External retail crime accounts for only 37% of those losses, or about $35 billion, the NRF data shows. Still, law enforcement agencies and retailers insist organized retail crime remains an issue and said they stand behind their data. We see it every day in our stores," Scott Glenn, Home Depot's vice president of asset protection, told CNBC.
☆ Why retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technology
  + stars: | 2023-03-16 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technologyAccording to the NRF, retail shrink, which refers to inventory loss due to theft, unknown loss and administrative error, reached $94.5 billion in 2021, a 4% increase from the year prior. While retailers and trade associations depict a "shoplifting epidemic," criminologists and civil rights advocates worry the story is more nuanced. They point out, among other things, that retail shrink is difficult to track, and of the data available, the methodology is inconsistent.
☆ Why Amazon Marketplace didn't survive in China
  + stars: | 2023-02-02 | by ( Jade Tungul Tala Hadavi | Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: +1 min
China's e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies. Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded to Amazon China at the domain Amazon.cn in 2011. Between 2011 and 2012, Amazon's market share hovered at approximately 15%, but it later plunged to less than 1% by 2019, according to iResearch. Amazon officially closed its China online marketplace in July 2019.
☆ Amazon Marketplace failed in China. Here's why
  + stars: | 2023-02-02 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Marketplace failed in China. Here's whyAmazon debuted in China in 2004 by acquiring Joyo.com, an online media seller, for $75 million. Amazon pushed its e-reader and tablet product offerings, but China's complex regulatory approval delayed their debut. In 2012, Amazon's market share held at around 15%, but it later plunged to less than 1%, according to iResearch. Amazon officially closed its China marketplace in 2019.
☆ It costs over $200,000 to paint a plane — here's a look into the $18 billion aircraft paint industry
  + stars: | 2023-01-06 | by ( Jade Tungul Tala Hadavi | Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: +1 min
Dean Baldwin Painting is a 57-year-old aircraft painting company based in Macon, Georgia. The Federal Aviation Administration sets the safety standards for aircraft paint, and throughout the entire painting process, the plane is continually inspected to ensure those standards are being met. Painting typically involves four to five layers but only tends to be as thick as a fraction of a millimeter. Those layers include an anti-corrosion primer, protective intermediate layers and a final outer layer, which is typically white. The global commercial aviation aircraft paint market was estimated at nearly $18.5 billion in 2020 and is expected to grow to a $65 billion market by 2027.
☆ How United, Delta, JetBlue and American Airlines paint their planes
  + stars: | 2023-01-06 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the aircraft paint industry is worth $18 billionThe average cost to paint a commercial airliner falls between $175,000 to $200,000, according to Dean Baldwin Painting, a 57-year-old aircraft painting company based in Macon, Ga. It services some of the world's biggest airlines, such as United, Delta and JetBlue. The painting process involves over 90 gallons of paint and multiple engineers and painters. The global commercial aviation aircraft paint market was estimated at $18.4 billion in 2020 and is expected to grow to $65 billion by 2027.
☆ How Lululemon built a multibillion-dollar athletic wear empire
  + stars: | 2022-10-21 | by ( Jade Tungul Tala Hadavi | Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: +2 min
Lululemon is a multibillion-dollar leader in the high-end active wear category that owns and operates 600 stores, 40 of which are located in Europe. Its roots date back to 1998 when it opened as "Lululemon Athletica," a yoga-wear brand geared toward women and yoga enthusiasts. Demand for athletic wear has grown exponentially since those early days, and in 2022 Lululemon continues to lead the way, with its second-quarter revenue soaring 29% year over year. Nevertheless, the company continues to innovate and diversify into different categories and wider tech offerings. Watch the video above to learn more about what makes Lululemon a global leader in athleisure and active wear.
☆ How Lululemon made high-end active wear trendy
  + stars: | 2022-10-21 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Lululemon made high-end active wear trendyLululemon's roots began in Vancouver, Canada, as a specialty yoga-wear brand geared toward women and yoga enthusiasts. It is now a multibillion-dollar leader in the high-end active wear category. Revenue jumped 29% in the second quarter year over year on increased demand in athletic wear and more comfortable work attire. Lululemon is now embarking on an ambitious five-year plan with the aim of doubling revenue by 2026, to $12.5 billion, that includes aggressive international expansion.
☆ Why Target Canada was a massive failure
  + stars: | 2022-09-22 | by ( Jade Tungul Tala Hadavi | Jade Tungul | Tala Hadavi | ) www.cnbc.com   time to read: 1 min
Target's entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to expand internationally anytime in the near future and is instead narrowing its focus on its at-home operations. Company profit plunged nearly 90% during the second quarter from the year-earlier period on an excess of unwanted inventory. It plans to completely renovate 200 existing stores and open 30 more in 2022.
☆ Why convertible cars are declining in popularity
  + stars: | 2022-09-22 | by ( Robert Ferris | Jade Tungul | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy convertible cars are declining in popularityGaining popularity in the 1950s and 1960s, the convertible car is an automotive American icon. As a symbol of leisure and fun, some history's iconic models were convertibles, such as the Chevrolet Corvette and the Ford Mustang. However, convertibles have been steadily losing popularity among car buyers and make up only 0.46% of new car sales in 2021. Buyers value practicality and functionality over looks and leisure, leading their interests elsewhere. Can the iconic design stand the test of time?
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