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Chandan Khanna | Afp | Getty ImagesOrange juice prices have climbed to fresh all-time highs amid persistent supply constraints, pushing the industry into crisis mode and forcing some makers to consider alternative fruits. The benchmark frozen concentrated orange juice futures, traded on the Intercontinental Exchange in New York, closed at $4.77 per pound on Wednesday . Orange juice on display in a grocery store on Jan. 19, 2023, in Miami, Florida. "A lot of them will be changing the quantities of juice they are putting in their blends to drop the orange juice and increase other juices, such as pear juice, apple juice, grape juice, so they are less reliant on the orange juice," Campbell told CNBC via telephone. "It does seem like this [situation] is going to be here for the longer term," he added, noting that some players in the orange juice market had observed a large drop in demand year-over-year.
Persons: Chandan Khanna, That's, Joe Raedle, Harry Campbell, Campbell, Fundecitrus Organizations: Afp, Getty, Intercontinental Exchange, CNBC, Bloomberg Locations: Arcadia , Florida, Florida, Brazil, U.S, New York, Orange, Miami , Florida, Itupeva, Sao Paulo state, Sao Paulo
Spencer Platt | Getty ImagesWhen Starbucks and its baristas union resume contract bargaining this week, workers may have renewed momentum at their backs — courtesy of the company's own CEO. Narasimhan, in prepared remarks to Wall Street analysts, cited some of the challenges that union workers have been highlighting in their bid for better working conditions. For Workers United, the union behind the Starbucks organizing, his admission that more could be done was promising. Starbucks and the union are meeting to continue working on the framework that will inform every single-store contract moving ahead. There has been another call for change at Starbucks stores that may carry weight at the negotiating table.
Persons: Spencer Platt, Laxman Narasimhan, we're, Narasimhan, CNBC's, Kevin Johnson, baristas, Michelle Eisen, Eisen, we've, Howard Schultz, Schultz, Howard Organizations: Getty, Starbucks, Wall Street, U.S, Workers United, Staffing, CNBC Locations: New, Buffalo , New York, Buffalo
Shop at Walmart What we like Check mark icon A check mark. Local dimming for excellent contrast controlCheck mark icon A check mark. Shop at Mattress FirmFor a full breakdown of mattress deals, check out our guide to the best Memorial Day mattress sales. Shop at Amazon What we like Check mark icon A check mark. Shop at Amazon Shop at Kohl's What we like Check mark icon A check mark.
Persons: we've, you'll, you've, fryer, Braun, Fryer, Ninja's, Ninja, Crisp, Pick, It’s, Max, Casper, Pillow, Topper, Allbirds Organizations: Business, Apple, Day, Samsung, Walmart, Samsung TV, Amazon Sony, Amazon Samsung, Amazon, DreamCloud Sealy, Amazon ., Shop, Ninja, Sony, JBL Bluetooth, Amazon Beats, Amazon Apple, JBL, Haven, Elm, Flyers Locations: Brooklyn, France, Chewy
If you ever wanted to buy a lobster tank and an industrial freezer, now is the time. Equipment from more than 50 Red Lobster restaurants across the United States was up for auction on Tuesday, a liquidator said, as the embattled seafood chain’s website listed dozens of locations as being temporarily closed. Whoever who wins the bid for a particular restaurant will receive everything inside it (not including perishable goods and alcohol, the auction site noted). Red Lobster did not respond to inquiries Tuesday morning. Red Lobster, based in Orlando, Fla., opened its first location in 1968 and now has restaurants across the United States, plus others in Asia and Latin America.
Organizations: TAGeX Brands Locations: United States, Redding, Calif, Orlando, Fla, Asia, Latin America, Bar, Maine
Learn moreAhead of Mother's Day weekend, Amazon is offering several great discounts to make shopping easier. With that in mind, we've gathered some of the best Amazon deals we've found for this weekend. Keep scrolling to find more of our favorite deals Amazon is offering right now. Amazon sale quicklinks Amazon Devices : Get up to 50% off Amazon Devices including Echo, Kindle, and Fire TV: Get up to 50% off Amazon Devices including Echo, Kindle, and Fire TV Beauty : Save on Aveeno, Neutrogena, Clean & Clear, and more. Shop at AmazonThis is just a small sample of this weekend's top Amazon sale picks.
Persons: we've, Max Organizations: Business, Foundation, Devices, Amazon Devices, Logitech, Apple, Amazon Beats, Pro, Applecare
For even more discounts, check out our roundup of the best Best Buy deals and the best Mother's Day sales. Amazon sale quicklinks Amazon Echo : Get up to 50% off select Echo speakers. Amazon Fire : Get up to 40% off select Fire TV streaming devices. : Get up to 40% off select Fire TV streaming devices. Shop at AmazonThis is just a small sample of this weekend's top Amazon sale picks.
Persons: I've, Ralph Lauren, De'Longhi, Siri, It's Organizations: Business, Walmart, Apple, Echo, Sporting, Amazon Apple, Apple Health, Amazon Bose, Google, Amazon Fire
Here's when you should typically replace your essential beauty products, according to Henry. Using expired beauty products could dry out or irritate your skin because the concentration can change, Henry says. Blush and powders: 2 years or longerPowder-based products typically have a longer shelf life, Henry says. Makeup brushes and beauty blendersThough makeup brushes and beauty blenders don't have expiration dates, they should be cleaned pretty frequently. Don't forget to do the same for your loofahs, Buf-Puf or other products that you use for applying skincare products.
Persons: Henry, it's, Michelle Henry, you've, they've, blenders Organizations: Weill Cornell Medical College
Nov 28 (Reuters) - Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights. The estimate projects U.S. shoppers will spend $12 billion-$12.4 billion on Cyber Monday, the biggest U.S. online shopping day. At the top end, this would represent an 9.7% increase compared to the $11.3 billion spent on Cyber Monday last year. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. On Monday, Walmart stepped up discounts on some clothing to 60%, up from the 50% it offered on Black Friday.
Persons: Barbie, Nancy Tengler, Eduardo Munoz, Matthew Katz, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis, Lincoln Organizations: Adobe Digital, Retailers, Adobe Analytics, Investments, Shoppers, Workers, REUTERS, SSA & Company, Walmart, Sizemore Capital Management, Target, Graphics, Insider Intelligence, Thomson Locations: Scottsdale , Arizona, United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru
Spending online on Cyber Monday is set to reach as much as $12.4 billion, according to Adobe Digital Insights, which tracks data through Adobe's Experience Cloud service for e-commerce platforms. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m. EST alone, it said. Other firms use different measurements to gauge purchases on Cyber Monday, the biggest online shopping day of the year in the United States. Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service, said online sales on Cyber Monday were up by 4% by 4 p.m. EST, hitting $7 billion by late afternoon. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.
Persons: Salesforce, Eduardo Munoz, Brian Yacktman, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: Adobe Digital, Adobe, Commerce, Shoppers, Workers, REUTERS, YCG Investments, Nike, Black, Sizemore Capital Management, Walmart, Amazon, Graphics, Insider Intelligence, Thomson Locations: United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru
Deal-hunters fuel $12 billion Cyber Monday shopping spree
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Eduardo Munoz Acquire Licensing RightsNov 27 (Reuters) - After a busy holiday shopping weekend, discount seekers are expected to spend between a record $12 billion and $12.4 billion on beauty products, electronics, toys and apparel on Cyber Monday, according to Adobe Analytics. Heavy online traffic and transactions could add up to a boost in sales by U.S. shoppers of 5.4% or more, according to Adobe. Shoppers spent $10.3 billion in the weekend leading up to Cyber Monday, up 7.7% from last year as retailers offered more discounts compared to last year. More merchandise was being discounted in the weekend leading up to Cyber Monday, according to a report from LSEG. Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.
Persons: Eduardo Munoz, Vivek Pandya, Pandya, TJ Maxx, Jharonne Martis, LSEG, Rob Garf, Garf, Vanessa O'Connell, Deborah Sophia, Arriana, David Gregorio, Nick Zieminski Organizations: Workers, REUTERS, Adobe Analytics, U.S, Adobe, Shoppers, Adobe Digital, Walmart, Reuters, Costco, Commerce, Insider Intelligence, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce, Ross
Price-sensitive US shoppers nab early 'Cyber Monday' deals
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +3 min
[1/3] Workers select and pack items during Cyber Monday at the Amazon fulfilment center in Robbinsville Township in New Jersey, U.S., November 28, 2022. Heavy online traffic and transactions could add up to a record $12 billion outlay by U.S. shoppers on Cyber Monday, according to Adobe Analytics. "You have consumers out there who are very price-sensitive and conscientious, and who want to make sure they get the very best possible deal." Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m.
Persons: Eduardo Munoz, Vivek Pandya, Pandya, Rob Garf, Garf, Vanessa O'Connell, David Gregorio Our Organizations: Workers, REUTERS, Adobe Analytics, Adobe Digital, Walmart, Adobe, Commerce, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce
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
19 Best Gifts for the Tea Lovers in Your Life
  + stars: | 2023-11-02 | by ( Sarah Rose | ) www.wsj.com   time to read: +10 min
For people who also drink coffeeSugar Wish The Coffee & Tea Sugarwish $45 at SugarwishThis Sugarwish coffee and tea gift box is a great option for anyone who loves coffee just as much as they love tea. Desains suggests a porcelain tea pot clad in stainless steel to keep a quality tea warm for hours. Alternately, make a tea concentrate by doubling the amount of tea leaves in hot tea, then pouring it over ice. For a twist on matchaIppodo Tea Genmaicha Green Tea $15 at AmazonIf you love matcha but want to try something new, you might enjoy this Genmaicha green tea from Ippodo Tea. It’s lighter than matcha and is made by blending green tea leaves with roasted rice, so it has a distinct flavor.
Persons: Sarah Rose, , , Abigail St, Clair, St, Maria Uspenski, Tea Forte, Marmalade, Winter, Steve Schwartz, Ui, Kristen Chase, There’s, Ottilie Cunningham, Fortnum, Mason, Alex Monroe, Franck Desains, Waris, Elisabeth Noel Jones, Joshua Kaiser, Milwaukee’s Rishi, , Cindy Sherman, Madame de Pompadour, French King Louis XV, Heidi Johannsen Stewart, Van, Brandon Friedman, Obama, ” Friedman, “ Matcha, Catherine Jue, Tekuno, Emeric Harney, Harney, ORLA KIELY, Ravi Kroesen, Smith, Orla Kiely, Jessie Dean, Katie Kitamura Organizations: Tea Bella Tea Company, Art, Mariages Freres, Desains, Amazon The, MET, Bellocq, Metropolitan Museum of, Amazon, 187th, Tea, Asheville Tea Company Locations: China, Tampa , Fla, Clair, Darjeeling, it’s, Boulder, Colo, chai In India, Los Angeles, Philadelphia, Paris, Brooklyn, U.S, Iraq, Afghanistan, Dallas, San Francisco, New York, Portland ,, North Carolina
By Buy Side StaffAmazon Prime Big Deal Days are here, which means it’s time to save on products across the mega-retailer’s offerings. For that I recommend this Bose SoundLink Revolve+ ii portable speaker on sale with 40% off for $199. That will soon change, since I’m buying a sparkling water maker from Sodastream while it’s more than 30% off. Now I’m excited to add this standing lamp that’s currently on sale to introduce some fun colors to my home. And while it’s already a good deal at $25, it’s an even better one now that it’s on sale for under $20 during Prime Big Deal Days.” —Madeline Diamond, staff editor
Persons: audiophiles, Nick Guy, ” — Ian Salisbury, Astrid Stawiarz, it’s, ” — Alix Milne, Watt, — Leslie Yazel, I’ve, Emily Schwartzberg, Samantha Sharf, I’m, Madeline Diamond, , Jenny Jackson —, Williams College —, ” — Bellamy Richardson, — Chao Li, KitchenAid, she’s, Jessica Woodbury, Handy Organizations: Staff, Side’s, Amazon Big, Amazon, Williams College, Prime, Deal, Philips, Apple, Samsung, Meta Locations: Sodastream, Korean, I’m, Tessan
Starbucks' wait times have increased with higher demand for complicated cold drinks. The company is rolling out its new "Siren System" to overhaul and streamline drink-making. Last year the company announced its new "Siren System," a set of procedures and equipment to overhaul and streamline the drink-making process. But the cold drinks on the menu also tend to be more complicated and take longer to make. Only 40% of stores are expected to have the Siren System in three years time, Bloomberg recently reported.
Persons: John Culver, baristas, Washington barista, you'll Organizations: Starbucks, Service, Siren, Bloomberg, , Washington Locations: Wall, Silicon, Grande, California, Boston
Insider Today: Tech's biggest lie
  + stars: | 2023-09-18 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In recent years, some members of Congress have lacked a basic understanding of technology, let alone something as complex as generative AI. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. Marc Benioff spent much of the annual Dreamforce conference sounding the alarms on how untrustworthy generative AI is right now. It's International Equal Pay Day. The UN General Assembly created this day in 2019 with "equal pay for work of equal value" in mind.
Persons: Mark Sumersett, isn't, Simon Simard, Daron Acemoglu, Insider's Aki Ito, Acemoglu, hasn't, Aki, It's, Nat Friedman, Rebecca Zisser, Peter Brown, Marc Benioff, Salesforce, Greg Johnson, Gary Reyes, Janette Beckman, Getty, Johnny Nunez, Lynn Goldsmith, Dakarai Akil, Tupac, Akon, Sean Kingston, Gucci Mane, There's, Carly Pearce, Valter Longo, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, MIT, Renaissance Technologies, Bloomberg Beta, McAfee, Oakland Tribune Staff, Interscope Records, Academy of Country, FOX, UN, Assembly, Getty Locations: Wall, Silicon, New York City, San Diego, London, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlenders Eyewear CEO on new Coach Prime partnership and state of consumer demandChase Fisher, Blenders Eyewear CEO, discusses his company's new sunglasses line with Deion Sanders and the impact on demand, supply chain operations, and e-commerce sales.
Persons: Chase Fisher, Deion Sanders
AdvertisementAdvertisementA new Gallup poll released last Friday found a disconnect between want workers want and what bosses think they want. But in a survey of Fortune 500 chief human resource offices, they found a mismatch between what CHROs think employees want for their work schedule and what employees actually want. "For the past couple years, leaders have been working hard to woo remote workers back into the office," Pendell said. "That's likely put blender types in the forefront of their minds, even if blenders aren't necessarily the same as remote workers." When managers don't account for the work style preferences of their workers, it can lead to mismatches that can harm an organization's productivity.
Persons: Ryan Pendell, Gallup, they'd, Pendell, blenders Organizations: Service, Gallup, Fortune Locations: Wall, Silicon
New York CNN —JCPenney CEO Marc Rosen sees plenty of evidence that working-class families are struggling. “And that customer is facing a tougher economic environment.”The JCPenney CEO pointed to the snowballing effect inflation has had on family budgets, noting that the typical household is spending about $700 more per month than they did two years ago for the same goods and services. He pointed to strong private brand sales for apparel as well as for home goods like cookware and small appliances such as blenders and toasters. The JCPenney CEO wouldn’t directly answer whether the department store plans to return to the public markets through an initial public offering. “We think there are a lot of advantages right now to being a private company,” Rosen said, noting that JCPenney’s owners are reinvesting in the company and are taking a “long-term perspective” on that investment.
Persons: Marc Rosen, Liz Claiborne, Rosen, ” Rosen, delinquencies, , JCPenney, wouldn’t Organizations: New, New York CNN, CNN, , JCPenney, New York Federal Reserve, ” Bank of America, Simon Property Group, Brookfield Asset Management Locations: New York
King said that he's not opposed to programmers using his works to teach AI about creativity. Thousands of other authors have objected to their work being used in AI without permission. Uploading the works of others to computers, or "state-of-the-art digital blenders" as he put it, can teach AI how to produce better art. AdvertisementAdvertisementKing said that forbidding programmers from using his to teach AI is essentially pointless. Or a Luddite trying to stop industrial progress by hammering a steam loom to pieces," King wrote.
Persons: Stephen King, King, he's, Margaret Atwood, James Patterson, Sam Altman, OpenAI, Mark Zuckerberg, Sundar Pichai, King Canute Organizations: The Atlantic, Morning, Authors, Apple
Walmart posted surprisingly strong sales growth in the last quarter, while Target reported a decline. As shoppers increasingly prioritize essentials, one in four US grocery dollars are spent at Walmart. When Walmart's grocery sales are combined with those of its subsidiary warehouse club Sam's Club, the total approaches a third of total US grocery spending. Target meanwhile accounts for 3% of grocery dollars, or about a tenth of Walmart Inc., per Numerator. Target sells those things too, of course, but if shoppers are already heading to Walmart for groceries, they may not want to make a second stop.
Persons: headwind, Walmart's, John David Rainey, Rainey, Target's, Sara Batchelder, Neil Saunders Organizations: Walmart, Target, Service, Costco, Walmart —, Kroger, Albertsons, Sam's Club, Walmart Inc, Target's Locations: Wall, Silicon
Target followed that pattern in the second quarter. E-commerce sales rose 24% for Walmart U.S. in the second quarter. Both retailers pointed to curbside pickup as a major driver of online sales — a key differentiator from competitor Amazon. Walmart chalked up online sales gains to store pickup and delivery, as well as more advertising revenue. Sales of frequency categories, such as food and beauty items, weren't enough to offset weaker discretionary sales at the retailer.
Persons: Rainey, Christina Hennington, That's, Target's Hennington, Taylor Swift, Stanley tumblers, Chip, Joanna Gaines Organizations: Wal, Rogers, Getty, Walmart, Walmart U.S, Amazon Locations: Rogers , Arkansas, Tenleytown, Washington, DC
It said adjusted earnings per share for the year will range between $6.36 and $6.46. That compares with its prior guidance for consolidated net sales gains of 3.5% and an adjusted earnings per share range of between $6.10 and $6.20. Transactions increased by 2.9% and the average ticket rose by 3.4% for Walmart U.S.Same-store sales for Walmart U.S. grew by 6.4% in the second quarter, excluding fuel, compared with the year-ago period. Sales for Walmart Connect, the company's advertising business in the U.S., grew 36% year over year. In the grocery department at Walmart U.S., sales of private labels rose 9% year over year.
Persons: John David Rainey, Rainey, Doug McMillon, Judith McKenna, Kath McLay, Chris Nicholas, " Rainey, Walmart's, John Furner Organizations: Walmart, Walmart U.S, CNBC, Sam's, Walmart Connect Locations: U.S
It's made by frothing nonfat cold milk and is added to iced drinks like cold brews. While some drinks come with cold foam on top as standard, such as some of its flavored cold brews, customers can opt to add it to other cold drinks for $1.25. Currently there are six flavors of cold foam available – chocolate cream, cinnamon sweet cream, matcha cream, salted caramel cream, vanilla sweet cream, and white chocolate macadamia cream. Tim Hortons in the US, for example, sells set chilled drinks with cold foam and also has the option for customers to add it to some of its other cold drinks. Dunkin' started selling sweet cold foam in February 2021, and has since launched it in a number of time-limited flavors including brown sugar and salted caramel.
Persons: It's, Tim Hortons, Dunkin, Olivia Vaughn, Heinz Kraft Organizations: Service, New York Times, Starbucks, Maxwell, Aldi Locations: Wall, Silicon, Seattle
U.S. fast-food chains add automation to boost speed
  + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com   time to read: +3 min
With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.
Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin
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