DIRS.INFO The most relevant business & tech news

☆ Macy's hasn't closed 150 stores yet. But Target, Kohl's CEOs already smell opportunity
▼ + stars: | 2024-04-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

Those companies already count many of Macy's shoppers as their customers, according to an analysis of credit card data by Earnest Analytics. Macy's closures could put as much as $2 billion of market share up for grabs. The department store's net sales were $23.1 billion in the most recent fiscal year, and it said the 150 stores that it's closing account for less than 10% of sales. About 63% of Macy's stores have a T.J. Maxx or Marshalls within a one-mile radius, according to an analysis by Jefferies. Off-price stores also draw a similar customer, which tends to be more affluent.

Persons: Macy's, Justin Sullivan, Brian Cornell, Tom Kingsbury, Maxx, Jefferies, Ross, Earnest, Penney, Tony Spring, Corey Tarlowe, Cornell, Tarlowe, Cos, Mercedes Organizations: Getty, CNBC, Nordstrom, Earnest Analytics, Target, Abercrombie, Fitch, Home Goods, Jefferies, Toyota, Maxx Locations: San Leandro , California, United States, New York, Burlington, U.S

☆ The ‘Sephora kid’ trend shows tweens are psyched about skincare. But their overzealous approach is raising concerns
▼ + stars: | 2024-03-12 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +9 min

Tweens gravitate to Sephora and Ulta for the same reason that adult shoppers do. Carlo Allegri/ReutersThe retinol products sold in beauty products stores, she said, are for mature skin of older consumers. The beauty products chain also operates several hundred smaller format Sephora stores inside of Kohl’s department stores. Jennifer O’Brien celebrated her twin daughters’ 12th birthday at an event held at a Sephora store in Long Island, New York. Jennifer O’Brien's treated her twin daughters to a skincare event for their birthday this year at a Sephora store.

Persons: New York CNN — Tweens, skincare, ”, Lauren Penzi, gravitate, “, Stacey Tull, Tull, “ Retinol, it’s, Carlo Allegri, Penzi, she’s, Ulta, tweens, She’s, ” Penzi, Moët Hennessy Louis Vuitton, Jennifer O’Brien, Jennifer O’Brien Ulta, O’Brien, Stanley, JC Penney, Jennifer O’Brien's, Jennifer O’Brien “, Gen Alpha, Sheryl Jorgensen Masowdi’s tween, Sheryl Jorgensen Masowdi, Masowdi Organizations: New, New York CNN, Gen Alpha, CNN, influencers, ”, Gen Locations: New York, Sephora, New York City, Missouri, Manhattan, United States, Long Island , New York

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ When Science Class Is in a Former Macy’s
▼ + stars: | 2024-02-23 | by ( Paul Sullivan | ) www.nytimes.com time to read: +1 min

The mall, which is about 60 percent vacant, has a hodgepodge of other tenants. Call center workers are parking or being dropped off for their shifts. But on the other side of the parking lot, scores of young children dash out of cars and through a mall entrance. They’re not playing hooky; they’re going to school in a former J.C. Penney store. And if all goes according to plan, they will keep going there for years as the school adds more grades and takes over more of the mall each year.

Persons: It’s, They’re, Penney Organizations: Belk Locations: Sumter, S.C

The budding love story featuring music superstar Taylor Swift and Kansas City Chiefs’ tight end Travis Kelce took an unexpected turn into the world of political conspiracy theories this week after the team advanced to the Super Bowl. Pop culture and politics have long been entwined. “Pop culture people identify with this stuff, they pay attention to it. It’s attention and identity,” Joel Penney, an associate professor at Montclair State University whose research includes the intersection of politics and pop culture, said. “That question of, does this stuff work in pop culture?

Persons: Taylor Swift, Travis Kelce, Swift, Joe Biden, Vivek Ramaswamy, Laura Loomer, Alison Steinberg, Kelce, ” Joel Penney, Donald Trump's, Penney, Biden, “ Young, ”, Henry Jenkins, they’re, Phil Bredesen, Jim Cooper, Marsha Blackburn, Blackburn, Kamala Harris, ” Kelce, Bill Clinton, Johnny Cash, Mary Tyler Moore, Willie Nelson, Jimmy Carter, Ronald Reagan, ” Penney Organizations: Kansas City Chiefs, Super, Chiefs, Republican, America News Network, Montclair State University, University of Southern, Tennessee’s Democratic, Democratic House, U.S . Rep, V, Centers for Disease Control, Pfizer, MTV, White Locations: Las Vegas, U.S, University of Southern California, America, Arkansas

☆ JCPenney has become TikTokers' unlikely beauty obsession
▼ + stars: | 2024-01-24 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

JCPenney has replaced its Sephora shops with JCPenney Beauty sections. JCPenney's revamped beauty department has become a destination for finding beauty brands TikTokers can't get at other beauty stores. Last summer, the retailer launched KimChi Chic Beauty in more than 600 stores, beauty trade publication Happi reported. JCPenney replaced Sephora shops with JCPenney Beauty. Beauty retailer Ulta hit $2.5 billion in net sales last quarter, an increase of more than 6%.

Persons: —, JC, Kailey, JCPenney, JCPenney's, Adam Ryan, Alexis Androulakis, @thelipsticklesbians, y’all, @JCPenney, ike, orth, Penney Organizations: JCPenney, Service, JC Penney, Sephora, Black, Black Enterprise, Alpha Locations: JCPenney, Staten Island

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

☆ Why America is panicking about shoplifting
▼ + stars: | 2023-11-17 | by ( Ally Hill | Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

New York CNN —“Shoplifting in Great Department Stores.” “The Shoplifting Profession.” “No Mercy to Shoplifters.”These headlines could be from articles today. While shoplifting has seemingly never been a bigger problem than it is now, shoplifting has long captured the public’s attention. Angela Weiss/AFP/Getty ImagesAlthough shoplifting increased in some cities during the first half of the year compared to pre-pandemic levels, there is no clear national rise in shoplifting, according to a new analysis by the Council on Criminal Justice, a nonpartisan criminal justice policy organization. Middle-class women shoplifting in Victorian Britain during the 1800s were the focus of an early panic over shoplifting. Fears spread over middle-class women shoplifting during the early years of department stores.

Persons: New York CNN —, ”, ” James Walsh, Alex Vitale, Donald Trump, Angela Weiss, ” Vitale, Michael Flamm, San Francisco —, Adam Gelb, Tammy Whitlock, kleptomania, “ Said, Abbie Hoffman’s, ” Flamm, Abbie Hoffman, John Shearer, Barry Goldwater, Richard Nixon, JC Penney, ” David Johnston, Jeffrey Greenberg, we’d, Jeffrey Butts, “ Organizations: New, New York CNN, Great Department, University of Ontario Institute, Technology’s, CNN, Brooklyn College, ”, Getty, Criminal, Ohio Wesleyan University, “, San, New York Times, University of Kentucky, Consumer Culture, Times, Ohio Wesleyan, National Retail Federation, Retailers, Universal, Commerce, Chamber of Commerce, Department of Justice, “ Research, Research, John Jay College of Criminal Locations: New York, Shoplifters, Britain, America, New York City, Los Angeles, Dallas, Victorian Britain, England, Ohio, Vietnam

☆ Exclusive: Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysis
▼ + stars: | 2023-10-30 | by ( Tom Hals | Thomson Reuters | Tom Hals Is An Award-Winning Reporter With Years Of Experience Working In Asia | ) www.reuters.com time to read: +8 min

Freeman also worked as a contract lawyer for Jackson Walker after leaving the firm. Jones and Jackson Walker signed off on the arrangement without disclosing the relationship, court papers show. Until then he was the busiest bankruptcy judge in the United States, overseeing the dissolution or restructuring of corporate titans ranging from Neiman Marcus to J.C. Penney. Bankruptcy judges often serve as mediators in complex cases that are being run by other judges. In the GWG bankruptcy, Jackson Walker on Nov. 30 asked the judge overseeing the case to appoint Jones as mediator.

Persons: David Jones, Jones, Jackson Walker, Elizabeth Freeman, Freeman, Neiman Marcus, J.C, Tom Kirkendall, Jackson, Debtwire, Tehum, Bruce Markell, Tom Hals, Dietrich Knauth, Alexia Garamfalvi, Amy Stevens, Grant McCool Organizations: Reuters, REUTERS, Staff, McDermott International, Houston, GWG Holdings, Wall Street, U.S, Circuit, Appeals, U.S . Department of, Tehum Care Services, Corizon, U.S ., Thomson Locations: Houston , Texas, U.S, WILMINGTON , Delaware, Texas, Houston, United States, Penney, GWG, Wilmington , Delaware, New York

☆ Lying All the Way to the Bank in ‘America Fantastica’
▼ + stars: | 2023-10-23 | by ( Noah Hawley | ) www.nytimes.com time to read: +2 min

AMERICA FANTASTICA, by Tim O’BrienWhen scientists take a core sample of fiction from the post-Trump era, they will discover American novelists struggling to unpack the political and social repercussions of his reign. Just as historians work to document the facts of the last 10 years, so, too, do novelists try to reveal their meaning. In “America Fantastica,” a manic road-trip-meets-crime-spree novel, O’Brien — the award-winning author of “The Things They Carried” and “Going After Cacciato” — speaks through an omniscient narrator, one who regularly interrupts the story to describe the spread of this so-called disease:Bullyism skyrocketed. husband, her scheming billionaire father, the married owners of the bank in question (who don’t report the robbery because they’re too busy robbing the bank themselves) and Angie’s homicidal, reality-challenged fiancé, who sets off in pursuit. But by adding a veneer of topicality, O’Brien aims to turn his characters into case studies for a nation’s moral failure.

Persons: Tim O’Brien, Tim O’Brien’s, Trump, O’Brien, ” —, Boyd Halverson, Penney, Angie Bing, they’re, fiancé, Elmore Leonard Locations: America, Fulda, Calif, Texas, Minnesota

How can someone that talented go more than four years without winning on the LPGA Tour? It's not about how many men Thompson beat over 36 holes. Golf is one of the few sports that allows for men and women playing together, and the PGA Tour is just now getting up to speed. Men and women compete for one prize (the women play from a shorter set of tees). There was chatter several years ago about combining the Tournament of Champions at Kapalua for winners from the PGA Tour and LPGA Tour.

Persons: Lexi Thompson, Thompson, —, It's, Michelle Wie, Adam Scott, Butch Harmon, Wie, Grant Thornton, Rickie Fowler, JC Penney, John Daly, Laura Davies, Linn Grant, it's, — Nelly Korda, ___ Organizations: PGA, LPGA, Shriners, Globe, Solheim, Sony, Grant, Grant Thornton Invitational, PGA Tour, JC, Australian, European Tour, Ryder, IOC Locations: Las Vegas, Europe, Sweden, Florida, Los Angeles

☆ Bill Ackman's misguided Harvard crusade
▼ + stars: | 2023-10-13 | by ( Linette Lopez | ) www.businessinsider.com time to read: +6 min

"The names of the signatories should be made public," Ackman fumed, "so their views are publicly known." Look, it's classic Wall Street to complain about the younger generation being a bunch of good-for-nothing freaks. It's also classic Wall Street to throw money around as a way to exercise power over institutions, forcing rivals you dislike to bend the knee. In his initial post, Ackman said that "a number of CEOs" shared his desire to publicly out the Harvard students. AdvertisementAdvertisementOn Wall Street, Ackman is known as the king of uninformed, unnecessary, and seemingly unlimited tweets — a breathtaking achievement in an industry full of workaholic, screen-addicted information junkies.

Persons: Bill Ackman, —, Ackman, Larry Summers, Joe McCarthy, Mark Rowan, It's, it's, he's, JC Penney, Michael Pearson, Herbalife, Sam Bankman, Pershing, Linette Lopez Organizations: Pershing, Capital Management, Harvard, Wall, Treasury, Apollo Global Management, University of Pennsylvania, JC, isn't Locations: Israel, Canadian, Washington, Palestine

☆ Levi Strauss cuts full-year sales forecast again, as inflation takes a toll
▼ + stars: | 2023-10-05 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +5 min

It said it anticipates adjusted earnings per share to be on the low-end of the previously shared range of $1.10 to $1.20. Those retailers, which buy wholesale items from Levi to carry on their stores and websites, have seen weaker discretionary sales. For Levi, direct sales and international sales have been the stronger parts of its business. Like Nike , Levi has tried to control its own destiny by driving more of its overall sales through its own stores and website. Along with driving more direct sales, Levi is looking to expand in international markets.

Persons: LEVI, Sean Gallup, Levi Strauss, Chip Bergh, Harmit Singh, Levi —, Levi, Bergh, Denizen, Michelle Gass, Chip Bergh Levi Strauss Organizations: Getty, U.S, CNBC, LSEG, Walmart, Target, Nike Locations: U.S, Target, Asia, America, North America, Europe, Mexico, India, Macy's

☆ A top Two Sigma investment executive has taken leave from the firm amid a series of challenges for the hedge fund giant
▼ + stars: | 2023-08-16 | by ( Alex Morrell | Rebecca Ungarino | ) www.businessinsider.com time to read: +2 min

A Two Sigma chief investment officer has taken a medical leave, Insider has learned. The firm announced the leave of Alex Ginsburg, CIO of equities, to investors and employees in July. A senior Two Sigma investment executive has taken a leave of absence from the firm, Insider has learned. Two Sigma chief data strategist Ali-Milan Nekmouche, who has been with the company since 2004, has been named as Ginsburg's replacement. Siegel did not leave the firm and the group ended up staying at Two Sigma, the Journal reported.

Persons: Alex Ginsburg, Jeff Penney, Timothy Reynolds, Ali, Milan Nekmouche, Ginsburg's, David Siegel, John Overdeck, Siegel, Overdeck, Ginsburg, Geoffrey Duncombe, Alex Morrell, Rebecca Ungarino Organizations: Sigma, Street Locations: amorrell

☆ A former military police officer shares what she does to stay safe over 20 years as a long-haul truck driver
▼ + stars: | 2023-06-27 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +6 min

Women make up only 13.7% of truck drivers. Tools like tactical pens, hammers, and mag lights are popular means of self-defense. Unlike firearms or mace, tactical pens can be legally transported across all state lines, a handy feature for truckers, who cross a lot of them. Jeffers used to travel with a rottweiler. "But I put him through training, and he was very protective of the truck, whether I was there or not."

Persons: Chamaine Jeffers, Jeffers, who's, Pepper, she's, there's, — Jeffers, JC Penney, Jeffer, it's, It's, I'm Organizations: Morning, Trucking, Association Locations: Laredo , Texas

☆ 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

☆ 10 Things in Tech: Free Apple AirTags, EV resistance, and ChatGPT Plus for all
▼ + stars: | 2023-05-02 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +4 min

I attended my first rodeo, woke up early for a farmers' market, visited different pickleball venues, and tried other new things. Researchers examined 1,600 conversations (850 hours and 7 million words total) and measured how people reacted to the interactions. Firstly, IRL conversations involve a degree of back-and-forth that is hard to replicate digitally because of lag and missed cues. Elon Musk pays $10,000 to settle a defamation lawsuit. Elon Musk has cut around 90% of the company within half a year of taking over.

☆ Investors recognising clubs' value ahead of Man Utd bids, says finance expert
▼ + stars: | 2023-02-17 | by ( Sophie Penney | ) www.reuters.com time to read: +3 min

United (MANU.N) are set to receive multiple offers ahead of the initial deadline for bids expiring later on Friday, kicking off potentially the largest sports deal ever. "Football is big, big business from an investment standpoint," said Joyce, CEO & co-founder of CLV Group. "The bar's been set in terms of the value of sports teams and football teams in particular as brands." FINANCIAL INCENTIVEThe Glazers bought United for 790 million pounds ($947 million) in 2005, and Joyce said there was plenty of financial incentive for them to sell the club. "We've looked at India and Indonesia as well where there's at least 100 million pounds plus.

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. Comparable sales declined 32% year over year in the most recent fiscal quarter, ended Nov. 26. Last week, CNBC reported Bed Bath had begun another round of layoffs in an attempt to further cut costs. One possible buyer circling Bed Bath is private equity firm Sycamore Partners, according to the people familiar with the discussions. Bed Bath has also drawn interest from companies that acquire the intellectual property, or brands, of companies, particularly those under distress, the people said.

☆ Factbox: The 10 biggest U.S. retail bankruptcies in 5 years
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +4 min

J.C. PenneyAssets: $7.99 billionLiabilities: $7.16 billionStores: 846After more than a century in business, the department store chain filed for bankruptcy protection in May 2020, weighed down by mounting debt. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. It soon emerged from bankruptcy with much of its store base intact and $400 million in fresh financial aid. Tailored BrandsAssets: $2.48 billionLiabilities: $2.84 billionStores: Over 1,400The owner of tuxedo and business suit chain Men's Wearhouse filed for bankruptcy in August 2020. It emerged from bankruptcy just days short of a year since it filed for bankruptcy under a new name, Premier Brands.

The defamation case brought by actor Johnny Depp against his ex-wife Amber Heard came to an end on Wednesday after a seven-person jury unanimously ruled in favor of Depp. The jury awarded Depp $10 million in compensatory damages and $5 million in punitive damages in his defamation suit. Depp also claims she is not the victim of domestic violence but instead the perpetrator. 2022On April 11, the weekslong defamation trial kicks off, with Heard and Depp appearing in court in Fairfax County, Virginia. The jury unanimously finds that Heard defamed Depp, awarding him $5 million in punitive damages and $10 million in compensatory damages.

☆ Crypto meltdown a boon for bankruptcy lawyers
▼ + stars: | 2022-12-02 | by ( Andrew Goudsward | ) www.reuters.com time to read: +5 min

“You’ve got to pay the gravedigger,” said Adam Levitin, a law professor at Georgetown University who specializes in bankruptcy law. Law firm billing rates are normally not public, but in bankruptcy cases lawyers for the debtor company must detail their billings and request a judge's approval for their fees. The lawyers are paid from the assets of a bankruptcy estate, and experts said judges rarely demand significant reductions in professional fees. Lawyers in the crypto cases must deal with a host of issues new to bankruptcy law, including whether digital assets deposited on a platform are owned by the customer or the platform itself, according to bankruptcy law experts. Levitin, a former member of the restructuring department at law firm Weil, Gotshal, & Manges, said such complex questions call for top-shelf lawyers.

☆ JCPenney was once a shopping giant. Can it make a comeback?
▼ + stars: | 2022-11-27 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +14 min

People walk past a JCPenney store at the Queens Center Mall in New York in 2016. The Denver Post/Getty Images Shoppers hurry across an intersection in front of a JCPenney store in Denver in 1964. Anne Cusack/The Los Angeles Times/Getty Images Customers shop at a new JCPenney store in New York in 2009. Mary Altaffer/AP A customer goes down an escalator at a JCPenney store in Westminster, Colorado, in 2009. Don Emmert/AFP/Getty Images JCPenney CEO Jill Soltau speaks during an interview in Fort Worth, Texas, in 2019.

☆ From wine to fishing tackle, retailers pray Advent calendars draw in shoppers
▼ + stars: | 2022-11-25 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +4 min

Dior is selling a $3,500 Advent calendar inside a wooden and cotton canvas box fashioned like its Paris boutique on Avenue Montaigne. For toddlers, Walmart sells the Baby Shark Advent Calendar, priced at $44.99. And for anglers, there's a $34.99 fishing tackle Advent calendar with life-like and color-changing soft baits at The Fishing Shop. Selfridges & Co has 128 Advent calendars priced from 4.99 to 623 pounds this season, more than double last year's offerings. The ALDI Holiday Magic Wine Advent Calendar includes 24 unique labels and 16 wine varieties from eight countries of origin for $59.99.

Others, like Target (TGT.N) and Barnes & Noble, sealed merchandise behind plexiglass or tethered it with steel cables to store shelves. One survey by the National Retail Federation (NRF) cited a 26.5% jump last year in "organized retail crime" carried out by groups of people. But it is unclear whether overall U.S. retail crime is on the rise, with little data available on the problem. Retailers rarely openly acknowledge the threat of theft or crime because they generally don't want to spook shoppers. "Along with other retailers, we've seen a significant increase in theft and organized retail crime across our business," Target CEO Brian Cornell told investors on a November 16 conference call.

Search resuls for: "Penney"

25 mentions found