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New York CNN Business —Taylor Swift’s era-defining “Eras” tour is flying like a jet stream, high above the music scene — by billions of dollars. The tour could gross $2.2 billion in North American ticket sales alone, according to August survey data from research firm QuestionPro provided to CNN exclusively. ‘An economic phenomenon’“Taylor Swift’s ‘Eras’ tour is rewriting the playbook of entertainment economics,” said Chris Leyden, director of growth marketing at SeatGeek. “She’s not just a performer — she’s an economic phenomenon.”The average resale price of an “Eras” ticket was $1,607, SeatGeek told CNN. Swift kicked off the highly-anticipated “Eras” — her first tour since her “Reputation” stadium tour in 2018 — in March.
Persons: New York CNN Business — Taylor, QuestionPro, Swift, Elton John’s, Larry Miller, New York University Steinhardt, , , Miller, concertgoers, Taylor, Chris Leyden, “ She’s, , SeatGeek, “ Taylor, Terri Shoemaker, Taylor Swift, Hell, Swifties, “ We’ve, Ethan Chernofsky, That’s, it’s, I’ve Organizations: New York CNN Business, North, CNN, New York University, Swift, Arizona Food Bank Network, Retailers, Ticketmaster, Entertainment, Nissan Locations: Los Angeles, American, North America, Arizona, Philadelphia, Nashville , Tennessee, Arlington , Texas
The Gas Company Tower in downtown Los Angeles has a sterling pedigree, but even that can't save it from the doom loop facing many older office towers. A huge swath of America's office market is vulnerable to these twin threats of being under-equipped with amenities and underwater financially. This behavioral shift has deeply cut into demand for office space. The amount of sublease space nationally more than doubled from 118.5 million square feet at the end of 2019 to 242.8 million square feet at the end of 2022, Colliers stated. Lenders are often reluctant, he said, to seize office buildings because of the costs and expertise required to operate the properties.
Walmart saw an estimated 5.3% decline year-over-year for in-store traffic, according to Placer.ai. Nonetheless, Walmart got more search traffic than its rivals from people looking online for Black Friday deals. Walmart saw a 5.3% dip in physical store traffic this Black Friday compared to last, according to estimates from Placer.ai, a location data company. Walmart saw searches for Black Friday discounts spike by 386% year-over-year, per the company. "But I would say overall the high-level reports I've seen have been positive for Walmart on Black Friday across (product) categories."
Beauty retailer Ulta saw its foot traffic from shoppers increase on Black Friday over last year. Foot traffic at Ulta Beauty was up 16.5% over Black Friday 2021, according to data provider Placer.ai. By contrast, most retailers saw their foot traffic remain the same or decrease slightly over last year's Black Friday, according to Placer.ai. At TJ Maxx, one of the largest off-price retailers, traffic was even with Black Friday 2021. For instance, Ulta, Sephora, and other beauty retailers have become destinations for new skincare products.
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