DIRS.INFO The most relevant business & tech news

☆ A retired couple gets $23 monthly from SNAP and uses credit cards to buy groceries. They worry about going hungry.
▼ + stars: | 2024-06-17 | by ( Allie Kelly | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Dacus and her husband have to stick to a tight budget: their household only receives $23 a month from SNAP. But some struggling families, like Dacus', don't receive enough help, or their income is considered too high to receive any help at all. But $23 a month in food benefits isn't even close to affording what they need to eat. SNAP benefits don't always align with household needsAmerica's SNAP program provides low-income households with money to grocery shop, and the qualifying criteria is based on the federal poverty line. Yet, many households like Dacus' don't receive the maximum because their income isn't low enough.

Persons: —, Mary Dacus, graham, Stephen, creamer, Dacus, ALICEs, It's Organizations: Service, Foods, Business, Chicago —, Walmart, SNAP, of Labor, Pew Research Center, US Department of Agriculture, Women Locations: Robinson , Illinois, Chicago

☆ The strange economics of pig meat: Ham prices are down, but bacon’s up
▼ + stars: | 2024-06-17 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot. But ham prices were lower, falling 5.4% overall and dropping 6.3% when you exclude canned varieties. It’s all relativeGlynn Tonsor, a professor in the department of agriculture economics at Kansas State University suggests that if you zoom out, pork prices are indeed going up across the board. But prices for ham actually went up higher than the prices of bacon and pork chops. Scott Olson/Getty Images/FilePeople love baconAnother reason for high bacon prices: Strong demand, even when it’s expensive.

Persons: Bacon, Glynn Tonsor, ” Tonsor, Scott Olson, ”, Christine McCracken, They’re, you’ll, It’s, McCracken, “ You’ll Organizations: New, New York CNN, Shoppers, Bureau of Labor Statistics, Kansas State University, Federal Reserve, St, RaboBank, Retailers, KFC, Starbucks Locations: New York, Louis, Mexico, “, Chicago , Illinois, Burger King

While the concerts and races kick off on July 6, there are still a few avenues for how to buy NASCAR Chicago Street Race tickets. We've got you covered if you're looking for how to get tickets to NASCAR Chicago Street Race weekend 2024. The 2024 NASCAR Chicago Street Race offers three main general admission ticket options: Saturday-only tickets (NASCAR Xfinity Series race), Sunday-only tickets (Grant Park 165), and two-day passes. Date City Vivid Seats prices StubHub prices Time July 6, 2024 Chicago, Illinois $152 $142 8:45 a.m. July 7, 2024 Chicago, Illinois $138 $91 9:00 a.m. July 6 & 7, 2024 Chicago, Illinois $94 $416 8:45 a.m./9:00 a.m.How to buy tickets for NASCAR Chicago Street Race 2024You can buy original NASCAR Chicago Street Race 2024 tickets directly through the event's website. This year's NASCAR Chicago Street Race event has an incredible lineup of musical performances on July 6 and 7.

Persons: New Zealander Shane van Gisbergen, Kyle Larson, We've, they'll, Buddy Guy, Bill, Byron Stingily, Chip E, Curtis McClain, Dajae, D, Lori Branch, Lidell Townsell, Marshall Jefferson, Maurice Joshua, Ralphi Rosario, Wayne Williams, White Knight, Chuck, Roberts, Keith Urban, Lauren Alaina Organizations: Business, NASCAR Chicago, NASCAR Chicago Street, NASCAR, Grant, New, NASCAR Chicago Street Race, Chicago Locations: New Zealander, Chicago, Illinois, Ten, White

☆ Inside America's Fastest-Growing City, a Little-Known Gem in Texas
▼ + stars: | 2024-06-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +12 min

Just about 41 miles north of Dallas lies Celina, a small North Texas town that is America's fastest-growing city. Downtown Celina, Texas. Their metamorphosis into sprawling suburban metropolises has been greatly influenced by the ongoing expansion of the North Texas Tollway, which has increased accessibility to the previously remote cities. AdvertisementNew businesses are moving into the cityWith more people living in the city, Celina's economy is also growing as local businesses and services benefit from increased demand. However, Joe Monaco, director of marketing and communications for the city of Celina, told BI that there were "countless volunteers who came out."

Persons: There's, Katy, Ryan Tubbs, Celina, Celina Alcynna Lloyd, Taylor Morrison, Toll, Tubbs, Bankrate, Casas, Aaron Graham, Graham, They're, Tracy Miller, Celina —, Miller, Alcynna Lloyd, —, Sandy Lewis, It's, Celina ., Joe Monaco Organizations: Business, Downtown, Houston, homebuying, North Texas Tollway, Tollway, North Texas Tollway Authority, Celina, Highland Homes, Texans, Homes, Olympic, JC, Real, Group, Mustang, Highland, Little Elm, Troubadour, Celina's, Centurion American Development Group, Dallas, WFAA Locations: Dallas, Celina, North Texas, Collin County, Texas, California, Florida, Georgia , Illinois, Missouri, Africa, Asia, Central America, Europe, Downtown Celina , Texas, Celina Texas, United States, Austin, Celina , New Braunfels, Prosper, Frisco, Plano, Frisco ., Highland, Celina —, Wilson Creek, Cambridge, East Coasts, New York

☆ Why 4 new bird flu developments have experts worried about the virus
▼ + stars: | 2024-06-12 | by ( Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +9 min

Read previewBird flu is flying wild, and it has many infectious disease experts more worried now than ever. The H5N1 avian influenza virus has killed tens of millions of birds across the planet and more than 40,000 sea lions and seals. Most people seem to have very little chance, if any, of catching H5N1 avian influenza right now. Jim Vondruska/ReutersBut infectious disease experts are increasingly concerned that the H5N1 virus could make a sustained jump into humans and start spreading among us. This virus is a leading candidate for the next pandemic, and four developments in the past month have experts worried.

Persons: —, Jim Vondruska, That's, Dr, Monica Gandhi, Bird, WHO —, Christopher Dye, Dye, David L, Ryan, Gandhi, Tayfun, Rick Bright, Cynthia Goldsmith, Jackie Katz, Richard Webby, Jude, Talita, Lima Freitas, Amanda Perobelli, Marko Geber, Terry Chea, they've Organizations: Service, CDC, Business, Global Medicine, University of California, Health Organization, WHO, University of Oxford, Boston Globe, Getty, US Department of Agriculture, Anadolu Agency, The Telegraph, Biomedical, Research, Development Authority, AP, Centre, Studies, Reference Laboratory, World Organization for Animal Health, Vaccines, University of Pennsylvania Locations: Luz, Monee , Illinois, San Francisco, Australia, Kolkata, India, New Mexico, New York, St, Michigan, Campinas, Brazil

☆ I visited Wayfair's first physical store and got major Ikea vibes — with a few surprises thrown in
▼ + stars: | 2024-06-10 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

After more than two decades as an online-only retailer, Wayfair is getting into brick-and-mortar. In May, the housewares company opened its first-ever store outside Chicago. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFor all of its 22 years in business, housewares retailer Wayfair has been online only. That all changed in May when the company opened its first-ever brick-and-mortar store in the Chicago suburb of Wilmette, Illinois.

Persons: —, Wayfair Organizations: Ikea, Service Locations: Chicago, Wilmette , Illinois

☆ I'm a single mom who rents my backyard to dog owners. I earned $3,000 in 11 months to help me pay bills.
▼ + stars: | 2024-06-09 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

I'm a single mom living in Antioch, Illinois — between Milwaukee and Chicago — with two teenagers and a hound. It's a good option for dog owners with reactive pets or those who are uncomfortable with traditional dog parks. I'm making a good amount of moneyPiehl's Illnois backyard where she rents out on Sniffspot. AdvertisementA guest's dog playing in Piehl's backyard. He was working with a dog trainer because his dog would bark and lunge at people while walking.

Persons: —, Emily Piehl, I've, — it's, it's, Sinffspot, They've Organizations: Service, Chicago, Business, UberEats Locations: Antioch , Illinois, Sniffspot, Milwaukee, —, Pennsylvania

☆ I visited Wayfair's first-ever physical store in Chicago. Take a look.
▼ + stars: | 2024-06-09 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Persons: —, Wayfair Organizations: Ikea, Service Locations: Chicago, Wilmette , Illinois

☆ The 'Home Alone' house found a buyer in under a week, but it's unrecognizable from the movie. See the $5 million home.
▼ + stars: | 2024-06-06 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +1 min

The house from the 1990 movie "Home Alone" has found a buyer in less than a week. The owners bought the five-bedroom home for $1.6 million in 2012 and listed it for $5.25 million. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Johnsons listed it for $5.25 million with Coldwell Banker Realty's Dawn McKenna Group. This story is available exclusively to Business Insider subscribers.

Persons: —, Trisha, Tim Johnson, Dawn McKenna Organizations: Service, Coldwell Banker, Business Locations: Chicago, Winnetka , Illinois

☆ A boomer couple lives on Social Security and receives $23 a month from SNAP for food: 'How are we to survive?'
▼ + stars: | 2024-06-02 | by ( Allie Kelly | ) www.businessinsider.com time to read: +5 min

Dacus receives $854 a month, and her husband receives $1,286 a month, according to documents reviewed by Business Insider. Additionally, her household qualifies for $23 a month in SNAP benefits to buy food. "If we worked a 40-hour week from Monday through Friday with my income, it would come out to like $2 an hour," she said, comparing her Social Security income to a full-time work salary. And, if lawmakers don't intervene, the US Social Security fund is expected to dry out by the late 2030s. Sometimes, Dacus has to request an advance on her Social Security check to buy food because her SNAP benefits aren't enough.

Persons: —, Mary Dacus, Stephen, Dacus, ALICEs, — Dacus, we'll, Robinson Organizations: Service, Business, Income, Alliance for Lifetime, Survey, US Social Security, Medicare, SNAP, Social Security Locations: Robinson , Illinois, McDonald's, Blytheville , Arkansas, Dacus, Florida

☆ It’s hurricane season. Good luck getting affordable homeowners’ insurance
▼ + stars: | 2024-06-01 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

For decades, homeowners insurance was considered a very stable line of business for insurance companies, said Chuck Nyce, a professor of risk management and insurance at Florida State University. The US homeowners insurance industry saw net losses jump to $101.29 billion in 2023, according to the report. Only two of the 20 largest US homeowners’ insurance companies were profitable last year. Kaylee Greenlee Beal/ReutersWhile property insurance is not mandated by law, most lenders require it for mortgage holders. Last year, Florida’s state-backed Citizens Property Insurance Corp. became the 10th largest homeowners’ insurer in the US, S&P Global said.

Persons: it’s, aren’t, Chuck Nyce, Nyce, Mario Tama, ”, Lynne McChristian, policyholders, Greenlee Beal, Aris Papadopoulos Organizations: CNN, P Global, Florida State University, Volunteers, P, University of Illinois, Property Insurance Corp, Florida Locations: States, Arizona , Illinois, Utah, Lahaina , Hawaii, Hawaii, Urbana, Champaign, Florida, California, Louisiana, North Carolina, Texas, Houston, Florida’s

☆ Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise
▼ + stars: | 2024-05-31 | by ( ) www.cnbc.com time to read: +2 min

An oil pump jack at the New Harmony Oil Field in Grayville, Illinois, US, on Sunday, June 19, 2022. Oil prices fell early on Friday as investors responded to comments from U.S. Fed officials who said it was too soon to start considering rate cuts, and following a surprise build in U.S. gasoline stocks that weighed on the market. "I think it's too soon to really be thinking about rate cuts." Meanwhile, U.S. crude oil inventories fell 4.2 million barrels to 454.7 million barrels in the week ending on May 24, the Energy Information Administration said on Thursday, compared with expectations in a Reuters poll for a 1.9 million-barrel draw. Stocks were up 2 million barrels for the week to 228.8 million barrels, the EIA said, compared with expectations for a 400,000-barrel draw.

Persons: Lorie Logan, Logan, Stocks Organizations: New Harmony Oil, Fed, Brent, U.S, West Texas, Dallas Federal, Energy Information Administration, EIA, of, Petroleum Locations: Grayville , Illinois, U.S, El Paso , Texas, OPEC, Saudi Arabia, Russia

☆ The Chicago-area house from 'Home Alone' is on the market for $5.25 million—take a look inside
▼ + stars: | 2024-05-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

The house featured in "Home Alone" is located in the Chicago suburb of Winnetka. Over 30 years since the release of the classic film "Home Alone," the iconic house featured in the movie is up for sale. Located in the Chicago suburbs, 671 Lincoln Avenue Winnetka, Illinois 60093 is on the market for $5.25 million, according to representatives from the Coldwell Banker Realty's Dawn McKenna Group. Dawn McKenna Group, Coldwell Banker RealtyThe redbrick Georgian home was built in 1921 and is 9,126 square feet, with five bedrooms and six bathrooms. Dawn McKenna Group, Coldwell Banker Realty

Persons: Dawn McKenna, haven't, Macaulay, Kevin McCallister Organizations: Coldwell, Dawn McKenna Group, Coldwell Banker, Wall Street Locations: Chicago, Winnetka, Lincoln, Winnetka , Illinois, Illinois

☆ Nissan issues 'do not drive' alert for nearly 84,000 older models with recalled airbags
▼ + stars: | 2024-05-29 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

A Nissan Sentra sits on the lot at a dealership in Evanston, Illinois, on Nov. 12, 2010. Nissan has warned owners of older vehicles to drop driving cars equipped with recalled, unrepaired Takata airbags the National Highway Traffic Safety Administration announced Wednesday. The affected cars include 2002-2006 Nissan Sentra, 2002-2004 Nissan Pathfinder and 2002-2003 Infiniti QX4 vehicles that may have Takata airbags that were recalled in 2020. "NHTSA is urging all vehicle owners to immediately check to see if their vehicle has an open Takata airbag recall," the NHTSA said in a statement. "If you have one of these vehicles, do not drive it until the repair is completed and the defective airbag is replaced."

Organizations: Nissan, Traffic Safety Administration, NHTSA, Nissan Pathfinder, Infiniti Locations: Evanston , Illinois

☆ 'Home Alone' house in Chicago suburbs hits the market
▼ + stars: | 2024-05-28 | by ( Rebecca Cohen | ) www.cnbc.com time to read: +1 min

"Home Alone" house, located at 671 Lincoln Avenue in Winnetka, Illinois is seen on December 1, 2021. Airbnb is offering a one-night-only rental of the iconic "Home Alone" house in Winnetka, Illinois. The famed home in the Chicago suburbs where Kevin McCallister was once left behind from a family trip to Paris went on sale this week, according to a Zillow listing for 671 Lincoln Ave. in Winnetka. It's on sale for the first time since 2012, when the current owners bought it for $1.58 million, according to the Zillow page. The house was also "fully renovated and expanded" in 2018, according to Zillow.

Persons: Airbnb, Kevin McCallister Organizations: Lincoln, High School, NBC Chicago Locations: Winnetka , Illinois, Chicago, Paris, Winnetka, New Trier

☆ ‘Home Alone’ house hits the market for $5.25 million
▼ + stars: | 2024-05-28 | by ( Rosa Rahimi | ) edition.cnn.com time to read: +3 min

CNN —Kevin McCallister’s childhood home has hit the market for $5.25 million. The home for sale is located in Winnetka, Illinois and “epitomizes” the classic architecture of the Chicago suburbs, the Dawn McKenna Group said in its online listing. Dawn McKenna GroupThe iconic home has ample space for family living and entertaining. Dawn McKenna GroupIn 2021, fans of the movie were given the opportunity to rent the house for one night only – and for just $25. In February, Freddie Mercury’s former West London residence went on sale for £30 million ($38 million).

Persons: Kevin McCallister’s, “ It’s, ”, Dawn McKenna, Macaulay Culkin, Kevin McCallister, epitomizes, McAllister, Freddie Mercury’s Organizations: CNN, Dawn, Dawn McKenna Group, Century Fox, Kraft Macaroni Locations: Paris, Winnetka , Illinois, Chicago, West London, Los Angeles

☆ Photos show what it was like to eat at McDonald's in the 1970s
▼ + stars: | 2024-05-24 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

The first McDonald's franchise opened in Des Plaines, Illinois, on April 15, 1955. By the 1970s, McDonald's had grown into an increasingly popular fast-food establishment. The Quarter Pounder, Quarter Pounder with cheese, and Egg McMuffin were also added to the menu. In the 1970s, less than a decade into its operation under businessman Ray Kroc, McDonald's was already a thriving company that had served millions of customers. That year, he also founded McDonald's System, Inc., which would become the McDonald's Corporation we know today.

Persons: McDonald's, —, Ray Kroc, Maurice, Mac, McDonald, Kroc Organizations: Service, McDonald's, Inc, Corporation, Business Locations: Des Plaines , Illinois

☆ How Ace Hardware, America’s neighborhood hardware store for 100 years, is beating its big-box rivals
▼ + stars: | 2024-05-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

A majority of Ace Hardware stores are located in neighborhoods. Courtesy Ace HardwareBarker is owner and operator of five Breed & Co Ace Hardware locations in the Austin, Texas, area. We count on people coming in everyday to buy a gift item from us.”This hybrid hardware-home goods-curio model is setting Ace Hardware stores apart. “They are essentially shareholders, they own the brand and the company,” said Kim Lefko, chief marketing officer of Ace Hardware. It just launched its first Ace-branded food product, a line of BBQ sauces, and a collection of Ace Hardware vintage-inspired clothing.

Persons: New York CNN — Mahin Barker, ”, Sherwin Williams, ” Neil Saunders, Hardware’s, today’s, Michael Brown, It’s, “, Barker, ” Barker, we’ve, ” Brown, “ We’ve, Kim Lefko, Lefko, John Madden, Pat Summerall, Michael Wynn, Vera Bradley, ” Wynn, Wynn Organizations: New, New York CNN, Home Depot, Hardware, Ace Hardware, Globaldata, “, NFL, Acon Investments, Sunshine Locations: New York, West Lake Hills, Austin , Texas, Brook , Illinois, Placer, remodels, Lake Hills, Chicago, Southern Florida, Florida

☆ Live Nation, Ticketmaster’s parent company, sued in groundbreaking monopoly lawsuit
▼ + stars: | 2024-05-23 | by ( Brian Fung | Hannah Rabinowitz | ) edition.cnn.com time to read: +6 min

Washington CNN —The US government and dozens of states sued Live Nation in a groundbreaking antitrust lawsuit on Thursday, alleging that for years the parent company of Ticketmaster abused its industry dominance to harm concertgoers nationwide. It is time to break up Live Nation-Ticketmaster.”In a statement, Live Nation called the DOJ’s allegations “baseless.”“The DOJ’s lawsuit won’t solve the issues fans care about relating to ticket prices, service fees, and access to in-demand shows,” Live Nation said in a statement. The lawsuit highlights how regulators now believe, more than a decade on, that the behavioral modifications Live Nation agreed to have failed. According to the lawsuit, Live Nation directly manages more than 400 artists, controls around 60% of concert promotions at major concert venues across the country, and controls more than 265 concert venues in North America. And through Ticketmaster, the suit says, Live Nation controls roughly 80% or more of major concert venues’ primary ticketing for concerts.

Persons: Taylor Swift’s, ”, General Merrick Garland, Swift, Robert Smith, Zach Bryan, Minnesota Democratic Sen, Amy Klobuchar, Connecticut Democratic Sen, Richard Blumenthal, Klobuchar, Blumenthal, John Cornyn, Ted Cruz, Biden, ramping Organizations: Washington CNN, Ticketmaster, Justice Department, Prosecutors, ”, “, DOJ, Regulators, Minnesota Democratic, Connecticut Democratic, Texas Republican, District of Columbia, Court, Southern, of Locations: New York, United States, Texas Republican Sens, North America, Arizona , Arkansas , California , Colorado , Connecticut, Florida , Illinois, Maryland , Massachusetts, Michigan, Minnesota , Nevada , New Hampshire , New Jersey , New York, North Carolina , Ohio , Oklahoma , Oregon , Pennsylvania, Rhode Island , South Carolina , Tennessee , Texas, Virginia, Washington, West Virginia , Wisconsin , Wyoming, of New York

☆ Weekly mortgage refinance demand revives as interest rates fall to 7-week low
▼ + stars: | 2024-05-22 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates fell for the third straight week last week, sparking increased demand for refinances. Total mortgage application volume rose 1.9% compared to the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Applications to refinance a home loan rose 7% for the week and were 21% higher than the same week one year ago. Rates last week were just 32 basis points higher than they were a year ago, and that gap has been shrinking. While higher mortgage rates certainly hurt affordability, today's buyers are still facing very low supply and stiff competition, which fuels bidding wars.

Persons: Joel Kan, Matthew Graham Organizations: Mortgage, Federal Reserve, Mortgage News Locations: Hawthorn Woods , Illinois

☆ Wealth inequality starts at birth. Lawmakers debate whether child savings accounts can help
▼ + stars: | 2024-05-21 | by ( Lorie Konish | ) www.cnbc.com time to read: +2 min

An unequal distribution of wealth in the U.S. can make it so some children are behind from birth. Now lawmakers are considering whether federal children's savings accounts can help. One proposal — the 401Kids Savings Act — would create savings accounts for all newborns. Children's savings accounts are currently available statewide in seven states — California, Illinois, Maine, Nebraska, Nevada, Pennsylvania and Rhode Island. At the end of last year, there were 121 children's savings account programs in 39 states serving 5.8 million children.

Persons: Warren Buffett's, Sen, Ron Wyden, Mike Crapo, Crapo Organizations: Finance, Senate Finance Locations: U.S, — California , Illinois, Maine , Nebraska , Nevada , Pennsylvania, Rhode, Oregon, Idaho

☆ Here's how to buy renewable energy from your electric utility
▼ + stars: | 2024-05-21 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

In the voluntary market, customers buy renewable energy in amounts that exceed states' minimum requirements from utility companies. Customers in these programs — also known as utility green power programs — pay their utility a "small premium" to get electricity from renewable sources, according to the U.S. Energy Department. Green power marketing programs Consumers in some states can also opt into "green power marketing programs." watch nowGreen energy programs instead rely on "renewable energy certificates," or RECs. It's a way to provide extra funding to a renewable energy project, typically sold by a broker or marketer rather than a utility, Sumner said.

Persons: Mark Felix, Jordan Vonderhaar, Jenny Sumner, It's, Joe Raedle, Loren Elliott, —, Sumner, Valerie Macon, Joydeep Mitra, Mitra Organizations: Afp, Getty, U.S . Energy Information Administration, National Renewable Energy Laboratory, Environmental Protection Agency, Roadrunner, Bloomberg, U.S . Department of Energy, Getty Images, U.S . Energy Department, Yale University's, EPA, Michigan State University Locations: Dawson , Texas, U.S, McCamey , Texas, Solano County , California, California , Connecticut, Delaware , Illinois, Maine , Maryland , Massachusetts, Michigan , New Hampshire , New Jersey , New York , Ohio, Pennsylvania, Rhode Island , Texas, Virginia, California, Imperial , California

☆ As their customers age, Macy's, Kohl's and Nordstrom are chasing younger shoppers
▼ + stars: | 2024-05-20 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +7 min

In this article JWNKSSM Follow your favorite stocks CREATE FREE ACCOUNTSignage of Macy's, Kohl's and Nordstrom retail stores. Department stores like Macy's , Kohl's and Nordstrom face an existential crisis, as they try to persuade investors to bet on their futures while sales slow and their core customers age. Melissa Repko | CNBCTo attract younger shoppers, Kohl's is adding trendier clothing for teens, opening more Sephora shops and bulking up its baby department. At the same time, Macy's is trying to go where younger shoppers are, including suburban strip malls and beauty aisles. The company plans to open up to 30 of its smaller off-mall Macy's stores over the next two years.

Persons: hasn't, Nordstrom, Oliver Chen, Cowen, Chen, Kohl's, Melissa Repko, Tom Kingsbury, Maxx, Kingsbury, Macy's, It's, Tony Spring, He's, TD Cowen's Chen, Scott Olson Organizations: Nordstrom, Getty Images Department, Department, Wall, Baby Boomers, Boomers, CNBC, Target, Costco, Getty Locations: Kohl's, Macy's, Sephora, Bluemercury, Bloomie's, Zara, Chicago , Illinois

☆ Meet a couple with 5 kids who are barely making it despite working 4 jobs: 'It shocks me that $100k feels like poverty'
▼ + stars: | 2024-05-16 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +7 min

April Schultz, 40, and her husband Kevin, 45, bring in $130,000 a year in gross income combined between their four jobs and side gigs. Still, Schultz said it shocks her that such an income "feels like poverty." "We shouldn't have to have four jobs in one family," Schultz said. She said that while there are job opportunities in her area, most don't pay enough for the area's cost of living. They both anticipate downsizing once their kids have moved out and relocating to a more rural and cheaper place.

Persons: Schultz, Kevin, — Schultz, ALICE —, Stephanie Hoopes, United For ALICE, She's, Louis, she's, there's, We've, they're, they've, hasn't, It's, we've Organizations: Service, Costco, United For, Department of Defense, Scott Air Force Base, Amazon, Netflix, USDA, Aldi, Sam's Locations: California , Arizona, Minnesota, Idaho, Mascoutah , Illinois, St, Illinois, Missouri

☆ Wayfair to open its first large store, as physical locations make a comeback
▼ + stars: | 2024-05-16 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +10 min

Wayfair follows other direct-to-consumer brands that have opened stores, including Warby Parker , Figs , Casper, Glossier and Everlane. In the early 2010s, new store openings largely outpaced closures, until the tide turned in 2017. Jeenah Moon | Bloomberg | Getty ImagesOther privately held direct-to-consumer brands have also expanded into retail stores, including bedding company Brooklinen, furniture store Burrow and apparel brands Everlane and Untuckit. High cost of entryIf direct-to-consumer brands could all open stores and suddenly boost sales and profitability, they'd all be doing it. Courtesy: WayfairSome direct-to-consumer brands have already been burned after they expanded too quickly and demand fell.

Persons: Niraj Shah, Wayfair, Warby Parker, Glossier, They're, Larry Cheng, It's, you'll, Liza Lefkowski, Shah, Coresight, John Mercer, Coresight's, Trina Spear, Spears, King, King of Prussia, Rebecca Fitts, Alvarez, Tolia, Allbirds, Al Drago Organizations: CNBC, Apple iOS, Companies, Walmart, Target, Joss, Discount, TJX, Bloomberg, Getty, Marsal, Washington , D.C Locations: Wilmette , Illinois, Chicago, Casper, Amazon, U.S, Coresight Research's, Burlington, Los Angeles, Philadelphia, King, King of Prussia , Pennsylvania, Georgetown, Washington ,

Search resuls for: ", Illinois"

25 mentions found