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☆ Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway
▼ + stars: | 2024-04-26 | by ( Greg Iacurci | ) www.cnbc.com time to read: +20 min

South Pointe Beach in Miami Beach, Florida. Climate risk is "always on our thoughts," said Habibian, 39, who moved to Miami-Dade County about six years ago. Despite that risk, 66% of Miami-Dade County residents said they'd never leave, according to a study published in the journal Climate Risk Management. "We try to be smart about it, try to be proactive as best we can," Arditi said of climate risk. Juxtaposed at left was one of the last remaining patches of mangroves in the urban Miami area, a living memorial to a once-thriving population.

Persons: Greg Iacurci, Daniel Habibian, Harold Wanless, Sonia Brubaker, Saul Martinez, Andrew Rumbach, Rumbach, Joe Raedle, Irma, Al Diaz, they'd, Steven Bustamante, Bustamante, Jeff Greenberg, There's, David Arditi, Arditi, Aria's, Jeff Bezos, Goldman Sachs, Douglas Sacks, Ken Griffin, Brubaker, Biscayne Bay . Miami Worldcenter, Chandan Khanna, Dion Williams, Williams, Dion, Todd Crowl, Crowl, We're, Erik Salna, Chris Baraloto, Rita Teutonico, Amy Knowles, Knowles, it's, City of Miami Beach Greg Iacurci Miami Organizations: Greg Iacurci MIAMI, University of Miami, City, CNBC, Cumming Group, Florida Department of Transportation, Bentley, Bloomberg, Getty, Urban Institute, Organisation for Economic Co, Miami, Volunteers, Florida Keys, Miami Herald, Tribune, Service, Dade, Risk, Yale University's School of, Finance, SEC, Miami Beach, Universal, Group, Aria Development, National Association of Realtors ., Miami Realtors, Amazon, Citadel, Resorts, Bloomberg News, Dade County's, Getty Images, Residences, Pointe Park, Fifth, Afp, Federal Emergency Management Agency, Management, Sunshine, Insurance, Institute, Florida International University Institute of Environment, Hurricanes, University of Pennsylvania, International Hurricane Research, of, Florida International University, City of Miami Beach Locations: Pointe Beach, Miami Beach , Florida, Miami, South Beach, Dade, City of Miami, Dade County, New York, Fort Lauderdale, West Palm, South Florida, Florida, Tampa, St . Petersburg, Miami , Florida, Southeast Florida, Miami Beach, City, Aria's Miami, U.S, California , New York, New Jersey, America, Caribbean, New York City, Biscayne Bay . Miami, Pointe, It's, Surfside, . Florida, Biscayne Bay, Miami's, Bermuda, Kampong, Coconut Grove, Brittany Bay, South Pointe, City of, Brittany Bay Park

☆ Off-price retail is poised to keep taking market share. Why is TJX's stock stuck?
▼ + stars: | 2024-04-14 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

The ongoing challenges for department stores, which extend back more than a decade, keep playing into the hands of off-price competitors, UBS said. Despite woes at other retailers, TJX stands out as a resilient company well-equipped to avoid many of the industry's challenges. TJX 1Y mountain TJX's stock performance over the past 12 months. One factor keeping a lid on TJX's stock recently may be that it is trading close to its historical valuation, noted Chuck Grom, a consumer and retail analyst at Gordon Haskett. On the other hand, spending at department stores fell 3.7% in March after a 5.2% decline in February, according to Bank of America.

Persons: Jeff Marks, TJX, — TJX, Ernie Herrman, Chuck Grom, Gordon Haskett, Grom, TJX's, Corey Tarlowe, Tarlowe, Jim Cramer's, Jim Cramer, Jim, Jeff Greenberg Organizations: Companies, TJX Companies, Ross Stores, UBS, Burlington Stores, Nordstrom, Marshalls, Home Goods, CNBC, Loop, Jefferies, Bank of America, Universal, Getty Locations: Maxx, Port St Lucie , Florida

☆ Miami Beach doesn't want spring breakers, but they don't want Miami Beach either. Here are the new top 3 spring break destinations.
▼ + stars: | 2024-03-24 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

Miami Beach announced it's "breaking up" with spring break tourism. But data shows that Miami Beach wasn't among the three trending destinations this March anyway. Young revelers typically flock to Miami Beach in March for weeklong vacations. But Miami Beach wasn't at the top of tourists' minds this year anyway, according to travel company Booking Holdings. Jeff Greenberg/Getty ImagesBased on Booking Holdings' data, Miami Beach peaked at No.

Persons: Orlando snagged, —, Young, George Rose, Joe Burbank, John F, Gary Hershorn, Jeff Greenberg Organizations: Miami Beach, Miami Beach wasn't, Service, Booking Holdings, Las Vegas, New York City, —, Vegas, Walt Disney, Orlando Sentinel, Tribune, Getty Images Orlando, Disney, Universal Studios, Kennedy Space Center, Orlando, York City, Liberty, Beach, Holdings, Miami Locations: Las Vegas , New York City, City, Miami, Orlando, New York, New York City Las Vegas, Nevada, Florida, Las Vegas, American, Cocoa Beach . New York City, Myrtle Beach, Cancún, Mexico

☆ Going once, going twice: How Trump's cash and properties would be garnished and auctioned to pay his NY fraud debt
▼ + stars: | 2024-03-23 | by ( Laura Italiano | ) www.businessinsider.com time to read: +10 min

AG Letitia James plans to go after Trump's cash and property if he doesn't pay his civil fraud debt. Is the ball in Letitia James' court? "The burden is on Letitia James to find Trump's assets" and decide what she wants garnished or auctioned, he said. D'Orazio predicts James would first target the cash that Trump and the Trump Organization keep in New York-registered bank accounts. He would then remit $95 million to the Attorney General's Office, and that would go toward paying Trump's judgment.

Persons: Letitia James, —, padlocks, Donald Trump's, Trump, James, Bernard D'Orazio, D'Orazio, — James, Mark, we're, doesn't, It's, she'll, Arthur Engoron, Jeff Greenberg, — Trump Organizations: Service, Trump, Trump Plaza, New, Social, Trump —, GOP, AP, Trump Organization, Radio City Music Hall, Forbes, New York, Fire Locations: New York, New York City, Manhattan, New, Westchester County, Trump, Americas

☆ Retail return fraud is rising as key holiday deadline approaches
▼ + stars: | 2024-01-29 | by ( Courtney Reagan | ) www.cnbc.com time to read: +5 min

As more consumers shop online and send back more of those orders, retailers have moved to crack down on fraud. Retailers expect 16.5%, or $24.5 billion worth, of holiday returns to be fraudulent this year, according to a survey by Appriss Retail and the National Retail Federation. Shipping back an empty box or a different item than was received, such as a box of bricks instead of a television, is the most common form of return fraud, according to Pitney Bowes' Ramachandran. Zoom In Icon Arrows pointing outwards Source: Appriss Retail/National Retail FederationReturn abuse is more commonThere's also less egregious behavior, often considered return abuse rather than fraud. More than half, or 56%, of consumers confess to "wardrobing," according to a survey from fraud prevention firm Forter.

Persons: it's, Vijay Ramachandran, Pitney, we've, Michael Osborne, Marc Metrick, That's, Pitney Bowes, Ramachandran, fraudsters, Osborne, Doriel Abrahams, Abrahams, Jeff Greenberg Organizations: Pitney Bowes, Retailers, Appriss Retail, National Retail Federation, Appriss, Saks, Shipping, CNBC, National, Federation, Ikea, Universal, Getty Locations: Doral , Miami

☆ 3 things to watch in the stock market as Street aims to extend winning streak
▼ + stars: | 2023-11-25 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

(Treasury yields tend to move inversely to stock prices; as yields fall investors seeking better returns move money back into the stock market). The chipmaker once again came into its quarterly print with super-high expectations on the Street, but once again exceeded them . For this reason, we put more emphasis on monthly economic releases, such as the aforementioned personal spending report. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

Persons: Dow, Estee Lauder, Einstein, Jim Cramer's, Jim Cramer, Jim, Locker, Jeff Greenberg Organizations: Nasdaq, Federal Reserve, Treasury, Nvidia, Apple, TJX, Bank of Nova, Elbit Systems, Intuit, Hewlett Packard Enterprise, Hormel, Kroger, KR, Academy Sports, TD Bank, Royal Bank of Canada, Dell Technologies, Bank of Montreal, BMO, Jim Cramer's Charitable, CNBC, Universal, Getty Locations: Bank of Nova Scotia, AMBA

☆ More part-time workers to get access to employer retirement plans next year
▼ + stars: | 2023-11-17 | by ( Stephanie Dhue | Stephanie-Dhue | ) www.cnbc.com time to read: +2 min

watch nowLike many workers, saving for retirement wasn't a priority for Mark Zimmermann. His employer, Mitchell Metal Products, has fewer than 100 workers and lets its part-time employees participate in the 401(k) plan. The Merrill, Wisconsin-based manufacturer offers part-time workers access to the company 401(k) retirement plan as a way to attract and retain workers. More part-time workers to get 401(k) access in 2024York, South Carolina, Now hiring, part time cooks sign posted outside Wing King Restaurant. Also included are provisions to expand part-time workers' access to retirement accounts.

Persons: Mark Zimmermann, he'd, Zimmermann, He's, Tim Zimmerman, Jeff Greenberg Organizations: CNBC, Mitchell Metal Products, Universal, U.S . Bureau of Labor Statistics, Companies Locations: Wisconsin, Merrill , Wisconsin, York, South Carolina, U.S

We're selling 250 shares of Foot Locker (FL) at roughly $23 each. Following Friday's trade, Jim Cramer's Charitable Trust will own 750 shares of FL, decreasing its weighting to 0.62% from 0.82%. Ever since that nightmare quarter, Foot Locker shares have been grinding ever higher. To protect against the risk of yet another shortfall and giving back this rally, we're trimming our Foot Locker position and taking a loss of about 40% on stock we purchased in March. Foot Locker, athletic shoe store with shopper.

Persons: Locker, Jim Cramer's, payrolls, It's, Mary Dillion, Friday's, it's, We'll, Jim Cramer, Jim, Jeff Greenberg Organizations: Federal Reserve, CNBC, Universal, Getty

☆ Walmart Spark Drivers Spend Over an Hour Waiting for Orders in Lots
▼ + stars: | 2023-10-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +7 min

Drivers for Walmart's Spark delivery service are waiting an hour or more in parking lots for orders. According to conversations with four Spark drivers, wait times have become an issue for the drivers as the service has grown. The same Walmart associates responsible for Spark orders also bring items out to customers waiting in parking lots. Spark drivers told Insider that the wait times at Walmart make it hard to know which orders are worth taking. In August, Walmart started asking Spark drivers to deliver orders in batches of up to three orders each.

Persons: —, he's, Walmart's, Doug McMillon, Jeff Greenberg, I've, I'm, gabriellew13 Organizations: Service, Walmart, Getty, Costco Locations: Alabama, Nevada, Indiana

☆ Should you apply early to college? It could affect your odds of acceptance but also your financial aid
▼ + stars: | 2023-10-02 | by ( Jessica Dickler | ) www.cnbc.com time to read: +5 min

Early decision, on the other hand, can "help leverage someone's admissions chances." Despite the possibility of improving your odds of acceptance, there are other factors to consider, especially when it comes to financial aid. For colleges, early decision is a win-winFor schools, offering students an option to apply early has clear advantages. In addition, getting a head start on the makeup of the freshman class helps admissions officers balance out enrollment needs with financial aid requests. (Some schools also offer another option, called Early Decision II, which is due in January.)

Persons: Eric Greenberg, Rick Castellano, Sallie Mae, — that's, Vasconcelos, Robert Franek, Greenberg, Franek, Jeff Greenberg, Louis Organizations: Greenberg Educational Group, Federal Student Aid, The Princeton, Greenberg Educational, Getty, Princeton, Emory University, Colgate University, Swarthmore College, Tulane University, Middlebury College, Washington University Locations: New York, St, Vermont

☆ Delta's emergency savings initiative offers workers up to $1,000 each. Here's how it works
▼ + stars: | 2023-09-23 | by ( Jessica Dickler | ) www.cnbc.com time to read: +3 min

The airline will then match up to $250 of an employee's contributions made with payroll deductions to that account for a total of $1,000. When the economy stalled, Delta workers tapped roughly $1 billion in hardship withdrawals from their retirement accounts, Bryant said. "I didn't have a strategy in place on how to save money," said Loretta Day, a Delta flight attendant based in Atlanta. But it didn't take long for Day, 51, to practice better money habits once she completed a financial education class, she said. With the additional support, workers "are going to come in earlier, stay longer and go the extra mile," Bryant added.

Persons: Jeff Greenberg, John Hope Bryant, Bryant, Loretta Day, Kelley Elliott, Fidelity's Taylor, Douglas Boneparth Organizations: Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Universal, Getty, Delta, Fidelity Investments, Employees Locations: Delta, Atlanta

CHICAGO (AP) — After years of hype, highlights and piles of points — so many points at every level — Connor Bedard has arrived at his first NHL training camp with the Chicago Blackhawks. Even Bedard, used to the hockey spotlight and incredibly composed at just 18 years old, knew it was a moment. He warmed up for training camp with three goals and an assist in an impressive performance in his only game in the Tom Kurvers Prospect Showcase in Minnesota last weekend. Hopefully he just continues to grow.”The biggest concern with Bedard heading into his first NHL season just might be his relative lack of size. I think he’s used to that.”___

Persons: —, — Connor Bedard, Bedard, ” Bedard, It’s, Bedard —, Taylor, Colin Blackwell, Jalen Luypen, Jeff Greenberg, “, Connor Murphy, Connor McDavid, Sidney Crosby, Tom, Luke Richardson, We’re, doesn't, “ I’ve, ”, it’s, can’t, ” Richardson, “ He’s, He’s, I’m, Crosby Organizations: CHICAGO, NHL, Chicago Blackhawks, Blackhawks, baseball's Detroit Tigers, Regina Pats, Western Hockey League, Canada, Calder, ” Blackhawks Locations: Chicago, Minnesota

☆ After Birkenstock's 'Barbie' bump, iconic footwear brand seeks a big part in IPO market
▼ + stars: | 2023-09-13 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +10 min

Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.

Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S

☆ Airline loses passenger’s dog at world’s busiest airport
▼ + stars: | 2023-08-27 | by ( Julia Buckley | ) edition.cnn.com time to read: +7 min

Paula Rodriguez is currently living that nightmare, after her dog, Maia, was lost by airport staff who were bringing her to her Delta flight at Atlanta airport – the busiest in the world. Rodriguez was flying from her home in the Dominican Republic for a two-week vacation in California with her six-year-old dog, Maia, on August 18. “They called a Delta agent, who took Maia from me,” Rodriguez told CNN. When we’d got there [to Atlanta] she’d puked with distress and had diarrhea. “I called Delta, Atlanta airport, even San Francisco.

Persons: CNN —, Paula Rodriguez, Maia, Rodriguez, “ didn’t, “, ” Rodriguez, she’d, we’d, ”, Paula Rodriguez Rodriguez’s, –, ‘ Let’s, ’ ”, Maia wasn’t, panicking, ‘ I’m, ’, Maia didn’t, Maia Hartsfield, Jeff Greenberg, Santo Domingo, “ I’ve, Rodriguez isn’t, Rodriguez’s, “ They’re, Jackson, they’d, we’re, Atlanta . Gale Organizations: CNN, Flying Delta Air Lines, Hartsfield, Jackson Atlanta International Airport, Atlanta, Passengers, Punta Cana, Jackson Atlanta International, Universal, Getty, Santo, Delta, “, ” Hartsfield, City of Atlanta Department of Aviation, Atlanta ., American Staffordshire, Pilots Locations: Atlanta, Dominican Republic, California, San Francisco, Punta Cana, Santo Domingo, Punta, Francisco, United States, American

☆ What really is plus-size fashion? Experts weigh in on the term’s meaning
▼ + stars: | 2023-08-08 | by ( Kristen Rogers | ) edition.cnn.com time to read: +11 min

But what’s really considered a plus-size body or garment? Mike Coppola/Getty ImagesThough there are no universal criteria for plus-size clothing, the general perception of what constitutes plus-size has changed over time. Sixty-seven percent of US women are considered plus-size, Downing Peters said. The dearth of plus-size clothing adds to a stigma that makes people with bigger bodies feel marginalized, she added. Other stores have meanwhile stopped separating standard and plus-size clothing into different departments, which may help eliminate stigma, Keist said.

Persons: Ashley Graham, Paloma Elsesser, Precious Lee, Tess Holliday, what’s, ”, Lauren Downing Peters, Mike Coppola, “, Marilyn Monroe, ’ ”, Carmen Keist, —, Downing Peters, Monroe wouldn’t, ” Downing Peters, it’s, Emma McClendon, Keist, Jeff Greenberg, ” Keist, ” “, Tim Wimborne, Mina White, White, Jacopo Raule, we’ve, lionizing, ’, Fang, Lane Bryant, Christian Siriano, Michael Kors, I‘d Organizations: CNN, Columbia College Chicago, New York, Bradley University in, Bettmann, Getty, St, John’s University, El, Fashion Group, Reuters, Vogue, Brands, Universal, Dia, Co Locations: Bradley University in Illinois, Korea, United States, United Kingdom, British, New York, El Corte, Spain, Sydney, Florence, inclusivity, Meijer

☆ Here's everything you need to look for in Friday's July jobs report
▼ + stars: | 2023-08-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +6 min

The prime-age participation rate, for one, focuses on the 25-to-54 age group cohort. watch now"The durability of this labor market largely comes because we simply don't have the people," said Rachel Sederberg, senior economist for job analytics firm Lightcast. They don't even come close to the Baby Boomers who have left the labor market." Those measures include job data from alternative sources, the job openings count from the Labor Department, and the firm's own employer surveys. The trick, said Lightcast economist Sederberg, is for the labor market to be cooling but not crashing.

Persons: Jeff Greenberg, Jeffrey Roach, Roach, —, Covid, Rachel Sederberg, We've, X, Tom Garretson, Garretson, Goldman Sachs, Goldman, Spencer Hill, Hill, Sederberg, we've Organizations: Miami, Universal, Getty, Federal Reserve, LPL, Baby Boomers, RBC Wealth Management, RBC, Labor Department Locations: Miami Beach , Florida, Normandy Isle, 7ty, U.S

☆ Startup studio Fractal created 130 companies in 3 years. Founders say the deal structure has led VCs to 'blacklist' them.
▼ + stars: | 2023-06-29 | by ( Melia Russell | Stephanie Palazzolo | ) www.businessinsider.com time to read: +19 min

www.fractalsoftware.comOf the dozens of Fractal startups that have raised a seed round of funding, about half had Bienville Capital lead the deal, according to people familiar with the matter. Others say they knew what they were getting into with a venture studio, where a large ownership position is standard. Brendan Smialowski/AFP via Getty ImagesThe biggest draw for some Fractal founders was its plug-and-play approach. The founder of one Fractal startup remembered a time when his company was struggling to grow its customer base. That firm is raising a new $325 million fund to provide additional funding to Fractal companies exclusively, according to a person familiar with the effort.

Persons: Fractal's, he'd, they'd, Andreessen Horowitz, Mike Furlong, Nate Baker, Bienville, —, Brendan Smialowski, Founders, Angela Lee, Furlong, Baker, Ezra Shaw, who'd, who's, It's, Lee, She's, 8VC, Bain, Jeff Greenberg, Omri Bloch, who've, didn't, Stephanie Palazzolo, Melia Russell Organizations: Flatiron Health, Bienville, Insight Partners, Bienville Capital, Getty, Columbia Business School, Alpha, Midwest, Science, Olympic Club, Tiger Global, Craft Ventures, Founders, Vertical Venture Partners, Zag, Crew Capital, Bain Capital, Universal, Foundation, Fifth Locations: Bienville Capital, New York, Bienville, Indio, AFP, Santa Monica , California, Miami, San Francisco, GreenSpark, Columbia, Barti, Aktos, Bessemer, 8VC

☆ Spain's drought has pushed olive oil prices to a 26-year high — and they're expected to stick
▼ + stars: | 2023-05-04 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +4 min

When renowned Spanish-American chef José Andrés tweeted that eggs should be fried in olive oil a finger deep, one user commented: "Olive oil can be expensive at a finger deep. "Aldi olive oil spread used to 99p. According to data from the International Monetary Fund, global olive oil prices have hit $5,989.8 per metric ton, marking a 26-year high. The outbreak of war in Ukraine, which created a global shortage in sunflower oil, pushed up the demand for olive oil even more. "The outbreak of war in Ukraine, which created a global shortage in sunflower oil, pushed up the demand for olive oil even more," he added.

☆ Those Melatonin Gummies May Have More Than You Bargained For
▼ + stars: | 2023-04-26 | by ( Liz Essley Whyte | ) www.wsj.com time to read: 1 min

Calls to poison-control centers from caregivers worried about melatonin their children ingested have grown sharply. Photo: Jeff Greenberg/Universal Images Greoup via Getty ImagesPeople who consume melatonin gummies to get a good night’s rest might be ingesting more natural sleep aid than they bargained for, scientists say. In an analysis of 25 melatonin gummy brands, researchers found that most had more melatonin than their label disclosed—with one brand’s product containing nearly 350% more, according to the analysis published Tuesday in the Journal of the American Medical Association. Another brand said its gummies contained melatonin and cannabinoid oil, though researchers found that they really contained only cannabidiol, an ingredient derived from cannabis.

☆ Sugar prices spike to 11-year high and could rise further due to extreme weather
▼ + stars: | 2023-04-20 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Orlando, Winter Park, Rocket Fizz Soda Pop & Candy Shop, chocolate bar display, Milky Way and Snickers. Raw sugar futures in recent days rose to 24 cents a pound and reaching an 11-year high. "Sugar fundamentals are quite bullish for the prices to remain elevated in the short to medium term," said Girish Chhimwal, a sugar analyst at S&P, citing weather risks plaguing top sugar producers. Rising costs could be passed on to consumers in the form of pricier candy. "The rising price of confectionary and sugar-based beverages will incorporate rising sugar values," said John Stansfield, a senior sugar analyst at commodity data platform DNEXT.

☆ Foot Locker touts a renewed partnership with Nike — but it still won't get the hottest sneaker releases
▼ + stars: | 2023-03-20 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +4 min

Even so, don't expect to see more of the hottest Nikes and Jordans at Foot Locker stores. The Foot Locker CEO, sporting gold Nike Air Max 97 sneakers, announced a renewed partnership with Nike at the company's investor day, addressing one of the core analyst questions facing the sneaker retailer. Mary Dillon started as Foot Locker CEO in September. Mary DillonSpeculation had been building about Foot Locker and Nike working more closely together again since December when Nike CEO John Donahoe mentioned spending time with Dillon on a Nike earnings call. As part of its new strategy, Foot Locker wants to double sales of non-Nike brands, such as Hoka On, and Crocs by 2026.

☆ ‘Maybe we cried too much’ over shoplifting, Walgreens executive says
▼ + stars: | 2023-01-06 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

“Maybe we cried too much last year” about merchandise losses, Walgreens finance chief James Kehoe acknowledged Thursday on an earnings call. Kehoe’s message is a notable shift from comments about theft from Walgreens and other retailers like Walmart and Target over the last nearly three years. Companies and retail industry groups have tried to draw attention to shoplifting and “organized retail crime” rings smashing windows and grabbing aisles full of merchandise off shelves, urging lawmakers to crack down. One of the shuttered stores that closed had only seven reported shoplifting incidents in 2021 and a total of 23 since 2018, according to the newspaper. Overall, the five stores that closed had fewer than two recorded shoplifting incidents a month on average since 2018.

☆ Dollar General, Family Dollar, and Dollar Tree are taking over the US with more new stores than any other retailer — and it reveals a shift in how Americans are shopping
▼ + stars: | 2023-01-03 | by ( Ben Tobin | ) www.businessinsider.com time to read: +2 min

Dollar General announced more than 1,000 store openings in 2022, per company Coresight Research. Other companies that opened many stores in 2022 include Aldi, Ross Dress For Less, and Five Below. And discount stores have reaped the benefits: Dollar General's stock soared to an all-time high in November 2022, for example. With so many people looking to save money, discount stores led the pack for retailers in opening new locations next year. Dollar General — 1,024 storesDollar General.

☆ More Foreclosures, Easier Mortgages Would Help Fix America's Housing Market
▼ + stars: | 2022-12-03 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

These standards are based on factors including the borrower's financial stability and the state of the housing market and economy. Finding the right size for the credit box is much easier said than done. A tidal wave of foreclosures followed, plunging the US housing market — and the global economy — into chaos. Even just stabilizing the credit box over time could also help smooth out some of the boom-and-bust cycles that have come to define the housing market. "If we do not address this intrinsic cyclicality, the housing market will continue to experience boom-bust cycles, leaving destruction in their wake," the paper said.

☆ Walmart, Best Buy, Trader Joe's and other retailers will be closed on Thanksgiving this year — see the list
▼ + stars: | 2022-11-23 | by ( Ann Matica | ) www.businessinsider.com time to read: +9 min

Stores like Walmart and Best Buy will be closing their doors on Thanksgiving again this year. Here's a list of retailers that have decided to stay closed on Thanksgiving Day. AppleREUTERS/Alyssa PointerApple stores located in the US will be closed this Thanksgiving, according to a company spokesperson. NordstromJeff Greenberg/Contributor/Universal Images Group Editorial via GettyNordstrom will not be opening its doors for business this Thanksgiving, according to Forbes. PetcoEducation Images/Contributor/Universal Images Group Editorial via GettyA company spokesperson confirmed to Insider that Petco will remain closed on Thanksgiving Day.

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