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Jefferies raised its price target on the artificial intelligence chipmaker, calling for more than 30% upside. Analyst Biju Perincheril downgraded shares to neutral from positive and slashed his price target by $36 to $56. Ramnani's $531 price target implies upside of 16.2% for Mastercard, while he sees Visa shares advancing 14.7% to $322. — Alex Harring 5:39 a.m.: Jefferies raises Nvidia price target Nvidia's gains won't stop anytime soon, according to Jefferies. After an analyst change, the firm kept its buy rating and raised its price target to $1,200 from $780.

Persons: Jefferies, Biju Perincheril, SolarEdge, Perincheril, — Alex Harring, Tom O'Malley, O'Malley, Seth Seifman, We've, Seifman, Morgan Stanley, Dara Mohsenian, Mohsenian, Alex Harring, Piper Sandler, Arvind Ramnani, Ramnani, Achal Kumar, Kumar, Delta, Blayne Curtis, NVDA, Curtis, Fred Imbert Organizations: CNBC, Nvidia, HSBC, American Airlines, Susquehanna, FactSet, Wall, Micron, Barclays, JPMorgan, GE Aerospace, GE, PepsiCo, Pepsi, PEP, Mastercard, Visa, Technology, Delta Locations: Delta, United, Europe, Monday's premarket

☆ Pro-Trump attorney arrested after court hearing about leaked Dominion emails
▼ + stars: | 2024-03-18 | by ( Marshall Cohen | ) edition.cnn.com time to read: +5 min

CNN —A pro-Trump lawyer who tried to overturn the 2020 election was arrested Monday after a court hearing about her recent leak of internal emails belonging to Dominion Voting Systems. In the last 24 hours, Leaf has posted more than 2,000 internal Dominion documents on his social media account. The marshals declined to say whether they arrested her, and she didn’t answer messages seeking comment after the hearing. During the at-times testy hearing Monday, Magistrate Judge Moxila Upadhyaya peppered Lambert with sharp questions about the disputed Dominion materials. Dominion wants Lambert removed from the case and suggested in court Monday that she might have committed a crime by disseminating the files to Leaf.

Persons: Stefanie Lambert, Lambert, Dar Leaf, Donald Trump, Leaf, Patrick Byrne, “, Judge Moxila Upadhyaya, ” Upadhyaya, Byrne, ”, ” Lambert, Davida Brook, Rudy Giuliani, Sidney Powell, CNN’s Holmes Lybrand Organizations: CNN, Trump, Voting Systems, Dar, US Marshals Service, U.S . Marshals, Dominion, Leaf, meddled, US Intelligence, America, . Dominion, Fox News Locations: Michigan, Barry, Dominion, Washington ,, Serbia

☆ I went to my first sample sale, where designer clothes sell for up to 90% off. Here's what I did right — and 5 mistakes I won't make next time.
▼ + stars: | 2023-12-05 | by ( Jordyn Bradley | ) www.businessinsider.com time to read: +5 min

I recently shopped my first sample sale, where brands sell clothes at discounted rates. I was glad I wore an outfit I could try clothes on top of because the fitting room wasn't private. AdvertisementI love to shop, and my most recent hunt for good deals led me to my first sample sale. AdvertisementHere's what I did right at my first sample sale, and what I'd do differently next time. AdvertisementAt my next sale, I'll inspect the pieces betterSome pieces at the sample sale clearly noted when they had stains.

Persons: I'd, —, Bradley It's, Jordyn Bradley, wasn't, there's Organizations: Service Locations: Chicago

Learn moreCyber Monday deals are here for those using their weekend downtime to cross folks off their holiday shopping list. To help you with this search, we've compiled a list of the best clothing deals from brands we frequently test and review. Read on for the best deals on men's clothing, rounding out the top Cyber Monday clothing deals for men. If you need more shopping inspiration, check out our main hub for the best Cyber Monday deals. Best Cyber Monday men's clothing deals

Persons: they're, we've, Read Organizations: Reebok Locations: Bonobos

☆ Empty Bed Bath & Beyond stores are hot real estate. Here’s who’s moving in
▼ + stars: | 2023-11-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

(Overstock.com bought Bed Bed & Beyond’s brand out of bankruptcy and has relaunched it online, complete with the 20% coupons.) Burlington, Michaels, Barnes & Noble, Ollie’s Bargain Outlet, Macy’s, HomeGoods and other chains have replaced old Bed Bath & Beyond stores. The majority of Bed Bath & Beyond’s stores are in the suburbs of mid-size and large cities, and are under 50,000 square feet. Bed Bath & Beyond spaces have been grabbed up swiftly at rents of up to 50% what Bed Bath & Beyond was paying, according to commercial real estate investment firm CBRE. Kimco Realty, a real estate owner with 26 former Bed Bath & Beyond leases, said that new leases were 38% higher than Bed Bath & Beyond rents.

Persons: Michael O’Sullivan, Barnes, Noble, hasn’t, Warby Parker, Brandon Isner, CBRE’s, ”, TJ Maxx, REI Organizations: New, New York CNN, Sears, Circuit, Kmart, Burlington, Bed, Kimco, Sports Authority Locations: New York, Burlington, . Burlington, Michaels, Kimco, HomeGoods

☆ Investor JAT Capital sends scathing letter to new Bed Bath & Beyond board over CEO ouster, vacancy
▼ + stars: | 2023-11-17 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Investment firm JAT Capital sent a scathing letter to the board of the new Bed Bath & Beyond on Friday saying it has refused to answer questions from shareholders and is engaging in what the investment firm called unprecedented "poor behavior." Earlier this month, JAT called on Beyond to fire Johnson. In its letter, dated Friday, JAT questioned why Johnson's board seat was removed after his ouster and said it was an attempt to weaken "shareholders ability to have a say." JAT called on Beyond's board to answer its questions, once and for all, and for everyone from vendors to sell-side analysts to demand more transparency. The actions cited below which the Board has taken in the last 60 days appear to be to the detriment of the company and shareholders," the letter states.

Persons: Jonathan Johnson's, JAT's, John Thaler, JAT, Johnson, Jonathan, Marcus Lemonis, Marcus Lemonis wasn't, Allison Abraham, Marcus, Dave Nielsen Organizations: JAT Capital, Inc, JAT Locations: Bath, CNBC's

☆ Private equity superstores overstock the shelves
▼ + stars: | 2023-11-08 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

LONDON, Nov 8 (Reuters Breakingviews) - Private equity investors seem happier these days shopping for returns at specialty shops over supermarkets. U.S. private equity funds raised some $240 billion in the first nine months of 2023, according to research outfit PitchBook, 13% less than a year earlier. New York-based CD&R in August raised $26 billion for its 12th-generation private equity fund while Eurocentric CVC managed an even more eye-popping $29 billion in July. A better explanation, from the consultants who advise LPs on where to put their cash, is that private equity supermarkets may be cannibalising themselves. Until they can prove otherwise, the more scattered private equity superstores risk losing more ground to the specialists.

Persons: Clayton, Blackstone, Steve Schwarzman, Marc Rowan, don’t, Rowan, Rob Lucas, Blackstone’s, they’re, Lucas, Jeffrey Goldfarb, Thomas Shum Organizations: Reuters, Rice, CVC Capital Partners, Apollo Global Management, Blackstone Capital Partners IX, “, IX, CVC, Apollo, Blackstone, U.S, Thomson Locations: Dubilier, New York, Blackstone, Asia, Luxembourg, Europe, Americas

☆ The new Bed Bath & Beyond's CEO is out, days after activist firm called for his ouster
▼ + stars: | 2023-11-06 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +2 min

The new Bed Bath & Beyond announced Monday its CEO, Jonathan Johnson, is immediately stepping down from his position just days after activist hedge fund JAT Capital called for his ouster. He led the company through its acquisition of Bed Bath & Beyond earlier this year and its corporate name change to Beyond Inc. , which took effect Monday. David Nielsen, Beyond's president and a former Payless ShoeSource executive, has taken over as interim CEO while the board undergoes a search for a permanent candidate. Beyond said Johnson's departure "follows mutual agreement" between him and the board to transition the company to new leadership, but the move came on suddenly. The company and Johnson didn't immediately return a request for comment seeking additional information.

Persons: Jonathan Johnson, Johnson, JAT, Marcus Lemonis, David Nielsen, Jonathan, Allison Abraham, Beyond's, Johnson didn't, Patrick Byrne Organizations: Bed, Inc, CNBC PRO Locations: JAT, CNBC's, New York, Russian

☆ Online retailer Beyond Inc's chief steps down amid activist investor pressure
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

Companies Beyond Inc FollowNov 6 (Reuters) - Internet retailer Beyond Inc (BYON.N), formerly known as Overstock.com, on Monday said its chief excecutive, Jonathan Johnson, has stepped down amid activist investor pressure. Hedge fund JAT Capital, which owns a 9.6% stake in Beyond Inc, last week urged the board to replace CEO Johnson, arguing that he is to blame for the company's poor financial performance. JAT Capital did not immediately respond to a Reuters request for comment on the change. Overstock.com rebranded its website under the Bed Bath & Beyond name after it acquired intellectual property from the bankrupt company in June. Reporting by Juby Babu in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jonathan Johnson, Johnson, Dave Nielsen, John Thaler, Marcus Lemonis, Beyond's, Juby Babu, Maju Samuel Organizations: Beyond Inc, JAT, Bed, Thomson Locations: Bengaluru

☆ Bed Bath & Beyond just removed the CEO who led its transition from Overstock.com
▼ + stars: | 2023-11-06 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Bed Bath & Beyond CEO Jonathan Johnson is stepping down from his role, the company said Monday. AdvertisementAdvertisementBed Bath & Beyond, formerly known as Overstock.com, has a new CEO as well as a new name. Johnson led the company's name change and has said that he looked at Bed Bath & Beyond's name "jealously for several years." Overstock said in June that it would change its name after acquiring the rights to Bed Bath & Beyond's name, trademarks, websites, mobile apps, and other elements of branding. Bed Bath & Beyond formerly was a chain of stores that sold home goods around the US.

Persons: Jonathan Johnson, Johnson, —, David Nielsen, Jonathan, Allison Abraham, John Thaler, Thaler, Marcus Lemonis, Overstock Organizations: Service, CNBC, Inc, Board, JAT, Reuters, Camping Locations: New York

☆ Hedge fund JAT calls on Overstock.com to replace CEO - filing
▼ + stars: | 2023-11-03 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

NEW YORK, Nov 3 (Reuters) - Hedge fund JAT Capital urged the board of internet retailer Overstock.com (OSTK.O) to replace the company's chief executive officer, arguing that Jonathan E. Johnson III is to blame for poor financial performance. JAT, run by John Thaler, owns a 9.6% stake in Overstock.com, and is stepping up pressure, having called on the company in October to consider selling certain assets and to overhaul management compensation. "The current CEO needs to be removed immediately," JAT wrote to the board in a letter dated Nov. 2 and made public in a regulatory filing on Friday. Thaler, who wrote the letter just days before Overstock.com's analyst day on Monday, proposed that businessman and television personality Marcus Lemonis, who joined the Overstock.com board last month, should become CEO. Overstock's stock price climbed nearly 3% on Friday but has lost 23% in the last 52 weeks.

Persons: Jonathan E, Johnson, John Thaler, JAT, Thaler, Marcus Lemonis, Lemonis, Svea Herbst, Bayliss, Louise Heavens Organizations: Capital, Bed, Svea, Thomson Locations: Overstock.com

☆ AI, machine learning, and robotics are making the retail supply chain more efficient and resilient — a welcome shift after several rocky years
▼ + stars: | 2023-10-26 | by ( Nicholas Fearn | ) www.businessinsider.com time to read: +11 min

AdvertisementAdvertisementIncreasing efficiencies in the retail supply chain is necessaryPaul Maguire, the head of retail delivery at the digital consultancy Endava, told Insider that embarking on a digital transformation was critical to better-connected and more resilient retail supply chains. Digital technology will "close gaps in supply-chain visibility" and help retailers "manage future unforeseen surges in product demand," he said. These innovations will "continue to bolster and streamline the retail supply chain as they become even more sophisticated," Maguire said. AdvertisementAdvertisementTo survive, Perry said that the retail supply chain must take steps to become more agile and flexible. ScanditA data-driven tech strategy can also help retailers appeal to sustainability-conscious consumers.

Persons: —, Paul Maguire, Maguire, John Perry, Perry, they'd, Wunderman, Arifi, Naji, Wunderman Thompson, Samuel Mueller, Mueller Organizations: Service, SCALA Consulting, Wunderman Thompson Commerce & Technology, DFS, Wunderman Thompson Commerce, Technology Locations: Ukraine, SCALA, British

☆ Stocks making the biggest moves before the bell: Hasbro, Southwest, Hershey, Royal Caribbean and more
▼ + stars: | 2023-10-26 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

Hasbro earned $1.64 per share excluding items on $1.5 billion in revenue, while analysts polled by LSEG had anticipated $1.70 per share in earnings and revenue at $1.64 billion. Southwest posted $6.53 billion in revenue, while analysts surveyed by LSEG expected $6.57 billion. Bristol-Myers topped earnings expectations and posted revenue that was in line with expectations. ServiceNow — The software stock rose more than 3% after posting stronger-than-expected quarterly results and sharing solid subscription revenue expectations for the current period. UPS – The shipping company saw shares decline 3% premarket following its third quarter earnings report.

Persons: LSEG, Revlimid, Myers, Overstock.com, Hershey, overshadowing, Mattel —, ServiceNow, it's, Silver Lake, —, Sarah Min, Tanaya Macheel, Samantha Subin, Lisa Kailai Han, David Paul Morris Organizations: Hasbro, Southwest —, Southwest, Myers, Bristol, Overstock.com, FactSet, Royal Caribbean, Mattel, Wednesday, UPS, Endeavor Group Holdings, Endeavor, Holdings, WWE, UFC, Barclays —, Bank of America, Barclays, underperform, Hasbro Inc, Target Corp, Bloomberg, Getty Locations: Bristol, Nextracker, FactSet, Thursday's premarket, Emeryville , California, U.S

☆ 3 things to watch in the stock market next week as bond yields hover at 2007 highs
▼ + stars: | 2023-10-21 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +12 min

The usual suspects were to blame — rising bond yields, geopolitical tensions, and oil prices — and will hold the keys to the market this coming week. Earnings are one of the three major themes on the marquee next week, with 10 Club companies reporting. Here are the companies: Danaher (DHR), Microsoft (MSFT), Alphabet (GOOGL), Meta Platforms (META), Veralto (VLTO), Honeywell (HON), Linde (LIN), Amazon (AMZN), Ford (F) and Stanley Black & Decker (SWK). As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: —, Jerome Powell, Jim Cramer, Jim, Morgan Stanley, Stanley Black, Decker, Danaher, Veralto, it's, Mark Zuckerberg, We're, Vimal Kapur, Linde, Jim Farley, Ford, FactSet, Powell, WTI, Baker Hughes, Edwards Lifesciences, Northrop, CARR, Davidson, Dr Pepper, Phillips, Jim Cramer's, Michael M Organizations: Dow Jones, Nasdaq, Economic, of New, Treasury, West Texas, Procter, Gamble, 10, Microsoft, Honeywell, Linde, LIN, Health Care, Technology, Communications Services, Google, Meta, Ford, Amazon, United Auto Workers, Atlanta, Wall Street, Hamas, Brent, Strategic Petroleum Reserve, Logitech, Verizon, General Electric, GE, RTX Corporation, Halliburton, HAL, General Motors, Dow Chemical, DOW, Xerox, Texas Instruments, F5 Networks, WM, Boeing, Fisher, Mobile, Hilton, General Dynamics, Norfolk Southern, Otis Worldwide, IBM, KLA, O'Reilly Automotive, Mattel, Whirlpool, Gross, Royal Caribbean Cruises, Hershey Company, United Parcel Service, Southwest Airlines, Altria, Northrop Grumman, Valero Energy Corp, Mastercard, Merck, Co, Myers Squibb, Newmont, Tractor Supply Company, Comcast, Seagate Technology, Boston, Hertz, Carrier, Hasbro, Harley, Intel, Grill, United States Steel, Boston Beer Company, Texas, University of Michigan, Exxon Mobil, Chevron, Charter Communications, Colgate, Palmolive, Newell Brands, Sanofi, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Santiago, Getty Locations: of New York, U.S, Industrials, OpenAI, America, Venezuela, Cleveland, Norfolk, ORLY, Bristol, Brunswick, Oshkosh, New York City

☆ Hedge fund JAT pushes Overstock.com to mull options -filing
▼ + stars: | 2023-10-16 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +1 min

NEW YORK, Oct 16 (Reuters) - Hedge fund JAT Capital on Monday urged Overstock.com (OSTK.O) to consider selling certain assets and overhauling its management and compensation, warning it may seek board seats if its suggestions are ignored, a regulatory filing on Monday showed. The hedge fund, run by John Thaler, owns a 9.1% stake in Overstock.com, and made its demands public in the filing after sending a letter outlining its wishes to the company last week. JAT is not traditionally an activist investor but its filing signaled mounting frustration with the company and left open the option of pursuing strategies like running a proxy contest. JAT also wants the company to emphasize stock option participation and develop a business plan with financial objectives, the filing said. "The Reporting Persons may consider to seek Board representation to the extent the above recommendations have not been explored, pursued and executed satisfactorily."

Persons: Overstock.com, John Thaler, JAT, Svea Herbst, Bayliss, Richard Chang Organizations: Bed, Svea, Thomson Locations: Overstock.com

☆ From Dunkin' to Pizza Hut: 11 company rebrands that sparked customer outrage
▼ + stars: | 2023-10-10 | by ( Jennifer Ortakales Dawkins | Alex Bitter | ) www.businessinsider.com time to read: +1 min

Many companies have unveiled new names and logos to make themselves stand out. But sometimes rebrands backfire — only to receive an underwhelming reception from shoppers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Many companies have unveiled rebrands to make themselves stand out in that environment — only to see their new name or logo get an underwhelming or even hostile reception from shoppers. Here are our picks for the 11 worst rebrands in retail.

Persons: — Organizations: Service

☆ Puma tumbles as analysts flag possible earnings disappointment
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +2 min

[1/2] A pair of Puma sports shoes is shown at an event in Berlin, Germany February 21, 2019. Analysts at brokerage Stifel said Puma's third-quarter earnings before interest and tax might decline by a low double-digit rate compared with last year, a worse performance than consensus expectations for a 6% decline. The drop in Puma's shares put them on course for their worst day since March 2020. Puma said it was fully on track to achieve its full-year guidance, while declining to comment on its share price movement. Puma is targeting EBIT of between 590 million euros and 670 million euros for 2023, from 641 million euros in 2022.

Persons: Annegret, Stifel, Puma, overstock, Jefferies, Danilo Masoni, Helen Reid, Linda Pasquini, Alexander Huebner, Susan Fenton, Jane Merriman Organizations: REUTERS, Nike, Adidas, Puma, RBC, Thomson Locations: Berlin, Germany, North America, China, U.S, London, Gdansk, Munich

Washington CNN —In her new book “Enough,” former White House aide Cassidy Hutchinson paints the closing days of the Trump White House as even more chaotic and lawless than she previously disclosed in her shocking televised testimony last summer. “We killed Herman Cain,” Meadows told Hutchinson and asked for his wife’s phone number. Unlike White House communications director Alyssa Farah, who resigned on December 3, 2020, or deputy White House press secretary Sarah Matthews, who left on January 6, 2021, Hutchinson remained. In the summer of 2017, Trump’s first year in office, Hutchinson was an intern in Sen. Ted Cruz’s office. It turns out, Hutchinson writes, that she coordinated with Farah, who is now a CNN political commentator, telling her everything she knew.

Persons: Washington CNN —, Cassidy Hutchinson, Donald Trump, Mark Meadows, Trump, Rudy Giuliani gropes Hutchinson, Kevin McCarthy, Joe Biden, “ Cass, ” Meadows, Hutchinson, Cassidy Hutchinson's, Simon, Schuster, Meadows, “, ” Hutchinson, Herman Cain, Covid, furtively, Hunter Biden, Tony Bobulinski, Mark ’ Meadows, National Intelligence John Ratcliffe, Tom Brenner, McCarthy, Ken Paxton, ” Trump, Trump . Hutchinson, Devin Nunes, “ Mark doesn’t, ”, Tony Ornato, Mike Flynn, Sidney Powell, Patrick Byrne, Derek Lyons, Brad Raffensperger, Pat Cipollone, Cipollone, Tony, –, ” Ornato, They’re, Giuliani, Rudy Giuliani, Brendan Smialowski, Alyssa Farah, Sarah Matthews, Donald Trump’s, Hey Cass, Kimberly Guilfoyle’s, ‘, ’, Kayleigh McEnany, Wisconsin Tom Brenner, Trump’s, Sen, Ted Cruz’s, didn’t, Stefan Passantino, Passantino, “ Stefan, Andrew Harnik, Farah, Liz Cheney, Jobs Organizations: Washington CNN, White, Trump White House, Trump, Capitol, White House, GOP, CNN, Secret Service, Republican National Committee, National Intelligence, Texas, Meadows, Georgia, State, Biden, Capitol Hill, Getty, Team Trump, Legislative Affairs, Press, Air Force, Texas Republican Locations: Tulsa , Oklahoma, North Carolina, Meadows, Fulton, Georgia, AFP, Russia, you’re, California, Wisconsin, Texas, Florida

☆ Japan Airlines wants to help you leave your suitcase at home
▼ + stars: | 2023-09-12 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

If you’re flying with Japan Airlines, the answer could be nothing at all. Called Any Wear, Anywhere, the service runs through the end of August 2024 and Japan Airlines says it could cut carbon emissions by reducing the weight carried by its airplanes. The true impact of the trial will only be revealed at the end, once Japan Airlines tallies the weight savings and calculates the exact reduction in emissions. However, Japan Airlines must be able to see a statistically significant reduction in baggage weight, says Gary Crichlow, an aviation analyst at consulting firm AviationValues. Moriya shares this ambition and hopes to expand the partnership with Japan Airlines to other members of the OneWorld Alliance, which includes American Airlines, British Airways and Quantas – and then to other alliances.

Persons: I’ve, ”, Miho Moriya, Moriya, we’re, Gary Crichlow, “, that’s, Nina Gbor, It’s, ” Gbor, – Organizations: CNN, Japan Airlines, Sumitomo, Qantas, OneWorld Alliance, American Airlines, British Airways Locations: Japan, United States, Australia

☆ Bed Bath & Beyond shareholders left holding 'worthless stock' as bankruptcy hearing approaches
▼ + stars: | 2023-08-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Jakub Porzycki | Nurphoto | Getty ImagesBed Bath & Beyond shares continue to trade at enormous volumes even as the wildly popular meme stock appears weeks away from being declared worthless. It also plans to adopt the company's stock ticker and change the current OSTK with BBBY in the hope of capitalizing on the long-standing household name. In its SEC filing in April, the company cautioned that trading in its stock during the ongoing Chapter 11 cases was "highly speculative and poses substantial risks." The company's planned confirmation hearing will take place on Sep. 12, but there have been no positive catalysts to the recent purchases of the company's shares. This would suggest that the current vast swathes of investors trading in the company's stock may be doing so purely on doomed speculation, and will be left empty handed.

Persons: Jakub Porzycki, Ryan Cohen Organizations: Nurphoto, Nasdaq, Overstock, BBBY, SEC, GameStop Locations: Williston , Vermont

☆ Merch, vinyl, hotels and credit cards: Taylor Swift's Eras Tour helped a bunch of companies – but hurt others
▼ + stars: | 2023-08-26 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Taylor Swift's Eras Tour had a significant impact on several public companies this summer. "Knowing how our guests can't get enough of Taylor Swift, we proactively secured an exclusive vinyl offering that Swifties bought in droves." "In July, Taylor Swift launched her Eras Tour merch shop with us experiencing unprecedented volume sales and site visitors on launch day, and we were ready for it." "Folks aren't buying as much patio furniture when they're spending hundreds or thousands of dollars to go to Taylor Swift. Rolling Stones, U2, Madonna, Prince, and this Taylor Swift performance was at a whole different level.

Persons: Taylor, Taylor Swift, Swifties, Christina Hennington, — Harvey Finkelstein, — Boyd Muir, — Leslie Hale, Raymond Martz, Jon Bortz, Wee Ee Cheong, Thomson Leighton, James Conroy, It's, Jonathan Johnson, Tom Schmitt Organizations: Service, AlphaSense, Merchandising, Universal Music, Lodging, Overseas Bank, Bot, Akamai, Forward Locations: Wall, Silicon, Chicago

☆ Several Buy Buy Baby, Harmon stores to reopen after buyers scored deals on the bankrupt brands
▼ + stars: | 2023-08-17 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +9 min

(The new Buy Buy Baby will operate independently from Dream on Me.) What will the new Buy Buy Baby offer? A display of diaper bags at a Buy Buy Baby location in Brooklyn, New York in January 2023. In order to survive this time around, Buy Buy Baby will need to focus on offering a unique value proposition, said Saunders from GlobalData. "It's not only Buy Buy Baby that failed.

Persons: Patrick T, Harmon, Avish Dahiya, Dahiya, Jonah Raskas, Raskas, Overstock, Curtis Nagle, Neil Saunders, they've, Glen Cary, Cary, Melissa Gonzalez, that's, Gonzalez, there's, Gabrielle Fonrouge, Saunders, It's, There's, What's, David Abrams, Abrams Organizations: Fallon, Bloomberg, Getty, CNBC, Harmon, Bank of America, Target, Walmart, Lionesque, Bed Bath Locations: Los Angeles, U.S, New York , New Jersey, Pennsylvania, Bath, Brooklyn , New York, GlobalData, New York, New Jersey, Manhattan

☆ Walmart workers reveal 7 secret terms they use on the job
▼ + stars: | 2023-08-14 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Insider spoke to Walmart employees about the slang terms they use at work. According to one Walmart employee, it can happen when they have more product than what fits on the shelf. Another employee told Insider that at their store, they deliberately "plug" to make the shelves look more full if they're running low on stock. While officially, it's called OneWalmart, employees told Insider that everyone just calls it "The Wire." Meat WallThe meat wall is where Walmart stores stock their meat products — from ground beef to chicken to deli meats.

Persons: it's, It's, David J, Phillip, you'll, Jeffrey Greenberg Organizations: Walmart, Service, Privacy, Universal, Getty, Mule Walmart Locations: Wall, Silicon, Texas

☆ 7 slang terms you'll only know if you work at Walmart
▼ + stars: | 2023-08-05 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Insider spoke to Walmart employees about the slang terms they use at work. Insider asked current Walmart employees about the words they hear at work. According to one Walmart employee, it can happen when they have more product than what fits on the shelf. While officially, it's called OneWalmart, employees told Insider that everyone just calls it "The Wire." Meat WallThe meat wall is where Walmart stores stock their meat products — from ground beef to chicken to deli meats.

Persons: it's, It's, David J, Phillip, you'll, Jeffrey Greenberg Organizations: Walmart, Service, Privacy, Universal, Getty, Mule Walmart Locations: Wall, Silicon, Texas

☆ 'Big Short' investor Michael Burry rang the alarm on bloated inventories last year. Maersk's shipping slump suggests he was right to worry.
▼ + stars: | 2023-08-04 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Michael Burry warned surplus inventory leads to price cuts, slimmer profits, and pressure on stocks. The shipping giant's earnings suggest "The Big Short" investor's call was at least partly right. In other words, many of the shipping giant's customers ordered fewer goods last quarter, and focused on offloading their bloated inventories instead. Burry, the investor of "The Big Short" fame, appears to have seen the downturn coming. But the fact that Maersk is seeing its customers cut back on shipping in order to reduce their inventories could signal that consumer spending is now under pressure as Burry predicted.

Persons: Michael Burry, Burry Organizations: Maersk, Service, Scion Asset Management Locations: Wall, Silicon, North America, Europe

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