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The US Air Force majorly overpaid for C-17 spare parts, including bathroom soap dispensers, per a Pentagon watchdog. AdvertisementThe US Air Force overpaid for spare parts for a C-17 military transport aircraft manufactured by Boeing, according to a new watchdog report. The audit, which detailed cost issues with a variety of C-17 spare parts, blamed the overpayment on a lack of oversight by the Air Force. The C-17 is a workhorse for the Air Force and joint force, transporting troops and a variety of assets. US Air Force photo by Staff Sgt.
Persons: , Brandon Vasquez, Cory D, Payne, Robert P, Storch Organizations: US Air Force, Pentagon, Service, Boeing, Air Force, Department of Defense, Spc, Defense Contract Management, Staff, Air
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaks Fifth Avenue parent HBC to purchase Neiman Marcus Group in a $2.65 billion dealStorch Advisors CEO Jerry Storch joins 'Money Movers' to discuss Saks parent company's decision to buy Neiman Marcus, luxury retail's pandemic comparisons to today, and much more.
Persons: Jerry Storch, Neiman Organizations: Saks, HBC, Neiman Marcus, Storch
The Defense Department IG will look specifically at the “effectiveness of DoD’s efforts to facilitate the delivery of humanitarian aid to Gaza through the maritime corridor,” a press release on Thursday, announcing the effort, said. The pier — called the Joint Logistics Over The Shore, or JLOTS — was first established on the Gaza coast in May. WFP has had their distribution of aid from the pier paused for more than two weeks as they assess the security situation on the ground. Meanwhile, the humanitarian situation in Gaza has only grown more dire as the war between Israel and Hamas continues. “Given this, the DoD OIG and USAID OIG are working together to address the challenges associated with this mission.
Persons: , , Robert P, Storch, Paul K, Martin Organizations: CNN, Pentagon, USAID, General, The Defense, The, WFP, Integrated, DoD, DoD OIG, USAID OIG Locations: Gaza, Israel,
Storch: AI is poised to revolutionize the retail industry
  + stars: | 2024-05-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStorch: AI is poised to revolutionize the retail industryGerald Storch, CEO of Storch Advisors, discusses how artificial intelligence impacts the retail industry.
Persons: Email Storch, Gerald Storch Organizations: Storch Advisors
What to see at the Venice Biennale 2024
  + stars: | 2024-04-18 | by ( Nicole Mowbray | ) edition.cnn.com   time to read: +10 min
CNN —This week sees the opening of the Venice Biennale, an 8-month-long festival of art and culture staged every other year. For 2024 — the show’s 60th iteration — Brazilian curator Adriano Pedrosa has chosen the topic of “Foreigners Everywhere,” and announced an intention to spotlight artists from diverse and historically marginalized backgrounds. With the main event running from April 20 to November 24 2024, here’s our pick of what to see if you’re headed to Venice. “Willem de Kooning e l’Italia” — Willem de KooningThe show at Gallerie dell’Accademia will include 75 Willem de Kooning works, including "Screams of Children Come from Seagulls (Untitled XX)," 1975. Yoo Youngkuk Art FoundationThe first exhibition in Europe of one of Korea’s most influential artists, including many works never exhibited before outside Korea.
Persons: Adriano Pedrosa, , Pedrosa, , you’re, “ Willem de Kooning, Willem de Kooning, Kooning, Gallerie, Nick, Berlinde De, Abbazia, Ewa Juszkiewicz Juszkiewicz, Élisabeth Vigée Le Brun, Palazzo, Palazzo Cavanis, Ai, Peter Hujar, della, Carolina, Marcel Duchamp, Franchetti, Cindy Sherman, Louise Bourgeois, Sarah Lucas, Irving Penn, Palazzo Franchetti, Marco “, Zoe Saldana, Marco Perego, Corita, Maurizio Cattelan, Pope Francis, Inuuteq Storch, Louise Wolthers, , John Akomfrah, John Akmofrah, Yoo, Yoo Youngkuk, Stampalia, M.F, Husain, Picasso, Viktoria Bavykina, Max Gorbatskyi, Ai Weiwei Ai Weiwei, Ela Bialkowska, Ai Weiwei, Palazzo Smith, Koo Jeong, Koo, Rick Lowe, Lowe's, Lowe Organizations: CNN, Venice Biennale, Palazzo, Sun, Danish, British, Bangkok Art Biennale Foundation Locations: Venice, Italy, , Refuge, ” City, San Giorgio Maggiore, San, New York, Santa, San Marco, Marco, Giudecca, Corita Kent, American, Greenland, Europe, Korea, India, Sale, Ukraine, Continua, Bangkok, Thailand, Laos, Cambodia, Vietnam, Myanmar, Singapore, Houston
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFood is taking a lot of the consumer dollar right now, says Fmr. Toys R Us CEOGerald Storch, Fmr. Toys 'R Us CEO, joins 'Closing Bell Overtime' to talk retail earnings and the state of the consumer.
Persons: Gerald Storch, Fmr
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetailers will be under pressure this holiday season, says Gerald StorchGerald Storch, CEO of Storch Advisors, gives his expectations for consumer spending this holiday season.
Persons: Gerald Storch Gerald Storch Organizations: Storch Advisors
The holiday season, which begins with Black Friday at the end of November and lasts roughly until the end of December, is expected to be especially tough for retailers selling discretionary items, executives say. "We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season."
Persons: Peter Nicholls, Larian, Santa Claus, Barbie, Loo, Isaac Larian, Toymakers, Nic Aldridge, Aldridge, Mattel's, Steve Totzke, Florian Sieber, Simba, Sieber, Totzke, Frédérique Tutt, Jerry Storch, Richa Naidu, Matt Scuffham Organizations: REUTERS, Hasbro, Mattel, Consumers, Euromonitor, MGA Entertainment, Toymakers Hasbro, Reuters, Bandai, P, Global, Storch Advisors, Hudson's, Thomson Locations: London, Britain, Europe, Santa, United States, Loo Wee, U.S
"We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season." "But it's a reality that there won't be as many toys sold this year as last year."
Persons: Peter Nicholls, Larian, Santa Claus, Barbie, Loo, Isaac Larian, Toymakers, Nic Aldridge, Aldridge, Mattel's, Steve Totzke, Florian Sieber, Simba, Sieber, Totzke, Frédérique Tutt, Jerry Storch, Richa Naidu, Matt Scuffham Organizations: REUTERS, Hasbro, Mattel, Consumers, Euromonitor, MGA Entertainment, Toymakers Hasbro, Reuters, Bandai, P, Global, Storch Advisors, Hudson's, Thomson Locations: London, Britain, Europe, Santa, United States, Loo Wee, U.S
LSEG Workspace, a financial news and data platform, calculated inventory turnover ratios of 30 major U.S. retailers for Reuters. "I am relatively pessimistic about the holiday season," said Gerald Storch, retail consultant and former Target vice chairman and ex-CEO of Hudson's Bay. Department stores' holiday season is "likely not going to be that strong," said David Swartz, a Morningstar analyst. Reuters Graphics Reuters GraphicsTo be sure, inventory turnover is not the only metric Wall Street investors use to judge retailers' inventory levels. Some are already slashing prices and dangling discounts to clear excess inventory before Black Friday, the start of holiday shopping season.
Persons: King, King of Prussia, Sarah Silbiger, Gerald Storch, Jeff Bornino, David Swartz, Ulta, pare, Jason Benowitz, Joseph Feldman, Jane Hali, Nordstrom, Brian Mulberry, Savyata Mishra, Ananya Mariam Rajesh, Richa Naidu, Siddharth Cavale, Aishwarya Venugopal, Rod Nickel Organizations: REUTERS, Dollar, Walmart, Reuters, North America, Kroger, Department, Morningstar, TJX Companies, Dick's Sporting, Reuters Graphics Reuters, Roosevelt, Telsey Advisory, Research, Associates, Nordstrom, Zacks Investment Management, Thomson Locations: King of, King, King of Prussia , Pennsylvania, U.S, Hudson's, North
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBirkenstock has a lot more growth ahead of it, says Storch Advisors CEOGerald Storch, Storch Advisors CEO, joins 'Closing Bell: Overtime' to discuss Birkenstock ahead of its expected IPO launch.
Persons: Gerald Storch Organizations: Storch, Storch Advisors
A former Target vice-chairman said the internet had driven retail theft "through the roof." Online marketplaces are "like a flea market on steroids" for selling stolen goods, he told Fox Business. AdvertisementAdvertisementThe former vice-chairman of Target says that the internet is "like a flea market on steroids" for thieves looking to get rid of stolen goods. Gerald Storch told Fox Business on Wednesday that the internet had driven retail theft "through the roof." "It's like a flea market on steroids for getting rid of the product.
Persons: , Gerald Storch, Storch, Target Organizations: Target, Fox Business, Service, Retailers Locations: New York, Seattle, Portland
Walmart is 'winning' in this economy, says Storch Advisors CEO
  + stars: | 2023-09-13 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWalmart is 'winning' in this economy, says Storch Advisors CEOGerald Storch, Storch Advisors CEO and former Target vice chairman, joins ‘Squawk on the Street’ to discuss why Walmart is outpacing its competitor Target, how the retail sector is doing, and more.
Persons: Gerald Storch, Squawk Organizations: Walmart, Storch, Storch Advisors, Target
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBack to school and back to the office will greatly impact retail and real estate, says two expertsGerald Storch, CEO of Storch Advisors, and Julie Whelan, Global Head of Occupier Thought Leadership at CBRE, discuss how the back-to-school and back-to-work seasons will likely impact spending trends and commercial real estate.
Persons: Gerald Storch, Julie Whelan Organizations: Storch Advisors, Global, CBRE
A German far-right politician had dog feces smeared on her at an event in Daun, southwest Germany. Beatrix von Storch, the AfD's deputy leader, is known for her controversial remarks on immigration. Beatrix von Storch, the deputy leader of the Alternative for Germany party (AfD), said the attack was "disgusting" and vowed not let it discourage her politics. "Yesterday in Rhineland-Palatinate there was another disgusting attack on me [and] the AfD," von Storch, 52, said in a video posted on X, formerly known as Twitter. Police said in a statement that von Storch was attacked on Friday by a 35-year-old man who asked to take a photo with her and then smeared her with dog feces.
Persons: Beatrix von Storch, Adolf Hitler's, von Storch, unwaveringly, Graf Schwerin von Organizations: Service, Germany, Police, Twitter Locations: Daun, Germany, Wall, Silicon, Rhineland, Palatinate
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThey don't want the goods, they want the money: Gerald Storch on retail thieves reselling onlineHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Gerald Storch, Brian Sullivan, Organizations: CNBC
The nurse practitioner on duty that day was employed by Corizon Health, Inc., one of the nation's largest private prison healthcare providers. Under federal law, a bankruptcy judge may respond to evidence of self-dealing or perjury by appointing a trustee to take control of the bankrupt company, bankruptcy experts told Insider. Just six months before the Garcia family was scheduled to have their day in court, Corizon filed for bankruptcy. "The Corizon bankruptcy is presently in a court ordered mediation, and we are seeking a global resolution for all the parties involved." Goldberger's attorney, Joseph Haspel, responded to queries with a statement saying that "Mr. Goldberger is a passive investor" in Corizon, Tehum, YesCare, Perigrove, and Perigrove 1018.
Persons: Hector Garcia, Garcia, wriggling, Adria Malcom, Corizon, Bryan Baker, , Doña Ana, Corizon ., Garcia's, Daniel Jimenez, Gina Macias, Belen Lowery, Hector Garcia , Jr, it's, Johnson, Tehum, Sen, Elizabeth Warren, I've, Isaac Lefkowitz, James Hyman, YesCare, Lefkowitz, Ian Cross, Lynn LoPucki, Tracey Grissom, William Kelly, Kelly, Hector Garcia Jr, Hector Jr, Ricky, he'd, Hector Garcia's, Ana County , New Mexico Hector Jr, Matt Coyte, Coyte, Hyman, didn't, Sara Tirschwell, Kholood, Tirschwell, Jason S, Ana County, Nick Tomecek, Christopher Atkinson, Wendy McGee, McGee, Stephanie Kiger, Anita Skipper, Atkinson, He's, Simche Steinberger, England, Steinberger's, Steinberger, Michael Flacks, Sylvia Jarrus, Cross, he's, David Gefner, Abraham Goldberger, Gefner, Perigrove, Terrence A, they'd, Oved, Goldberger, CHS Dana Anna, Flacks, Moneyman, Joel Landau, Joseph Haspel, Haspel, Andrew Levander, Landau, James Hyman's, It's, Genesis, David Harrington, Bill de Blasio, there'd, Hindenburg, David Paterson, Mark Roe, availing, Dick Durbin, Gefner . Lefkowitz, Tirschwell —, Davidson Kempner, Tim Hunter, Tirschwell's, catastrophically, Tirschwell's playbook, Jeff Sholey, Sholey, Steven Storch, Daniel's Organizations: Detention, Insider, Corizon Health, Inc, Housing, University of Missouri Health Care, Arizona Department of Corrections, Rehabilitation, Senate Banking Committee, Court, Middle, University of Florida, Alabama, futon, Health Services, New, Arizona, BlueMountain Capital Management, Flacks, Revenue, Corizon, New York Times, Tehum Care Services, CHS, YesCare Holdings, Okaloosa, Wyoming Department of Corrections, University of West, YesCare, Public, Alabama Department of Corrections, . Alabama Department of Corrections, Tehum, US, University of Missouri, LinkedIn, Flacks Group, Consulate Health Care, Justice Department, YesCare Corp, United Staffing Solutions, Charlotte, CHS Okaloosa, United, Solutions, Pharmacorr, Trade Center, Securities and Exchange Commission, Hindenburg Research, Alabama Department, Corrections, Geneva Consulting, Genesis Healthcare, Trade, Geneva, New York Stock Exchange, Pinta Capital Partners, The, Pinta Capital, New York Gov, Staffing Solutions, DG Realty, Harvard Law School, ACLU, Public Justice, Lawyers, Seven Trade, World Trade, Gefner, Southern, Southern District of Texas, The Alabama Department of Corrections, Southern Poverty Law Center, Medicare, Services, Quest Turnaround Advisors, New York City, Republican, city's Campaign Finance, CFB, Campaign Finance, Finance Locations: Ana, Las Cruces , New Mexico, facility's, Doña, Jimenez's, Las Cruces, Houston, New, Rockland County, Texas, Middle District, Tennessee, Michigan, Virginia, New York, Oregon, Idaho, New Mexico, Ana County , New Mexico, Corizon, Florida, New York City, A, York, Nashville, Missouri, Brentwood , Tennessee, Delaware, Okaloosa, Florida's panhandle, Okaloosa County, Okaloosa County , Florida, University of West Florida, YesCare, Wyoming, Shawnee County , Kansas, Bernalillo County , New Mexico, Tehum, Perigrove, Suffern, Brooklyn, America, Manhattan, Suffern , New York, Geneva, nonpayment, United States, Rivington, Alabama, Southern District, Wexford, Maine, Corizon's Texas, Mexico, Tirschwell's, YesCare Corp
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThis environment is built for TJ Maxx, says Fmr. Target Vice Chairman Gerald StorchGerald Storch, Former Target Vice Chairman and Bill Simon, Former Walmart US CEO, joins 'Closing Bell Overtime' to talk retail earnings, the state of the consumer, inflation and more.
Persons: TJ Maxx, Gerald Storch Gerald Storch, Bill Simon Organizations: Walmart
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer Target Vice Chairman on earnings and the American consumerGerald Storch, Former Target Vice Chairman and Storch Advisors CEO, lays out the earnings scorecard for the quarter and what it means for the stocks and the economy.
Persons: Gerald Storch Organizations: Former, Storch Advisors Locations: American
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumer feeling stretched and looking for deals during Amazon Prime Day, says Gerald StorchGerald Storch, former Target vice chairman, joins 'Squawk on the Street' to discuss Amazon's Prime Day one posting the single biggest e-commerce day of 2023.
Persons: Gerald Storch Gerald Storch Organizations: Amazon, Amazon's
That’s why there is so much at stake in contract negotiations between UPS and the Teamsters union. Without a deal, 340,000 Teamsters are preparing to go on strike at the nation’s largest trucking company starting August 1. A UPS strike could spread disruptions like that across much of the country. Their ability to adjust and find alternatives, it’s going to be challenging.”The economy has changed radically in the 26 years since the last UPS strike in 1997. UPS won’t comment on its contingency plans, saying it is focused on reaching a deal that would avoid a strike.
Persons: , Patrick Anderson, It’s, , Sean O’Brien, O’Brien, it’s, Holly Wade, Satish Jindel, Mike Eisner, Jindel, Eisner, Tommy Storch, you’ll, it’ll, ” Storch Organizations: New, New York CNN, UPS isn’t, UPS, Teamsters, Anderson Economic Group, CNN, “ Shipping, National Federation of Independent Business, FedEx, US Postal Service, Postal Service, USPS Locations: New York, Michigan
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYoung consumers' luxury spending has 'fallen off a cliff' in recent months, says Gerald StorchGerald Storch, Storch Advisors CEO, joins 'Fast Money' to talk consumer retail trends after Nike's mixed quarterly report.
Persons: Gerald Storch Gerald Storch Organizations: Email Young, Storch Advisors
Watch CNBC's full interview with Storch Advisors CEO
  + stars: | 2023-06-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Storch Advisors CEOGerald Storch, Storch Advisors CEO and former Target vice chairman, joins ‘Squawk on the Street’ to discuss retail's rough run in the market and what's ahead for the sector.
Persons: Gerald Storch, Squawk Organizations: Storch, Storch Advisors
Storch Advisors CEO on what lies ahead for the retail sector
  + stars: | 2023-06-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStorch Advisors CEO on what lies ahead for the retail sectorGerald Storch, Storch Advisors CEO and former Target vice chairman, joins 'Squawk on the Street' to discuss retail's rough run in the market and what's ahead for the sector.
Persons: Gerald Storch Organizations: Storch, Storch Advisors
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Danielle DiMartino Booth, Gerald Storch, and Jan KniffenDanielle DiMartino Booth, QI Research CEO, Gerald Storch, Storch Advisors CEO, and Jan Kniffen, J. Rogers Kniffen WWE CEO, join 'Last Call' to discuss the recent stock slides in luxury retail, the state of the high-end consumer, and more.
Persons: Danielle DiMartino Booth, Gerald Storch, Jan Kniffen Danielle DiMartino Booth, Jan Kniffen, J, Rogers Kniffen Organizations: Research, Storch Advisors, Rogers Kniffen WWE
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