DIRS.INFO The most relevant business & tech news

☆ Walmart will close all of its health care clinics
▼ + stars: | 2024-04-30 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —Walmart, the largest retailer in the United States, will close all 51 of its health care clinics in six states and end virtual health care services, the company said Tuesday. Walmart had made a big push into health care in recent years, opening clinics next to its superstores that offered primary and urgent care, labs, X-rays, behavioral health and dental work in six states — Arkansas, Florida, Georgia, Illinois, Missouri and Texas. Walmart had targeted rural and underserved areas that have a shortage of primary care facilities. The announcement is an abrupt reversal in Walmart’s strategy and may leave a gap in health care access, particularly for lower-income patients without insurance who relied on the clinics. Walmart also said it will end virtual health care services.

Persons: “ Organizations: New, New York CNN, Walmart Locations: New York, United States, — Arkansas, Florida, Georgia , Illinois , Missouri, Texas

☆ What Walmart’s new focus on employee stock could mean for the wealth of the average American household
▼ + stars: | 2024-02-03 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."

Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S

☆ I visited Target locations in New York City and the Midwest. The 2 stores felt like totally different chains.
▼ + stars: | 2023-11-21 | by ( Talia Lakritz | ) www.businessinsider.com time to read: +1 min

I visited two Target stores, one in Wisconsin and one in New York City, to see how they compared. The Target in New York was a smaller store where many items were secured on locked shelves. In the Midwest, Target was much larger and featured a Starbucks, dressing rooms, and bathrooms. AdvertisementWhen I moved from Wisconsin to New York City over 10 years ago, I left the giant superstores of the suburbs behind. It's been a few years since I've shopped at a larger Target store outside of New York City.

Persons: —, I've Organizations: Target, Service Locations: Wisconsin, New York City, New York, Manhattan

☆ Private equity superstores overstock the shelves
▼ + stars: | 2023-11-08 | by ( Liam Proud | ) www.reuters.com time to read: +8 min

LONDON, Nov 8 (Reuters Breakingviews) - Private equity investors seem happier these days shopping for returns at specialty shops over supermarkets. U.S. private equity funds raised some $240 billion in the first nine months of 2023, according to research outfit PitchBook, 13% less than a year earlier. New York-based CD&R in August raised $26 billion for its 12th-generation private equity fund while Eurocentric CVC managed an even more eye-popping $29 billion in July. A better explanation, from the consultants who advise LPs on where to put their cash, is that private equity supermarkets may be cannibalising themselves. Until they can prove otherwise, the more scattered private equity superstores risk losing more ground to the specialists.

Persons: Clayton, Blackstone, Steve Schwarzman, Marc Rowan, don’t, Rowan, Rob Lucas, Blackstone’s, they’re, Lucas, Jeffrey Goldfarb, Thomas Shum Organizations: Reuters, Rice, CVC Capital Partners, Apollo Global Management, Blackstone Capital Partners IX, “, IX, CVC, Apollo, Blackstone, U.S, Thomson Locations: Dubilier, New York, Blackstone, Asia, Luxembourg, Europe, Americas

☆ How Many Credit Cards Should I Have?
▼ + stars: | 2023-10-10 | by ( Gerri Detweiler | ) www.wsj.com time to read: +17 min

Use this guide to identify what kind of credit card user you are—and how many credit cards you should have. A secured credit card can be a smart option if you don’t have a very good credit score. Most small business credit cards require a good personal credit score and sufficient income from all sources, not just the business. However, many business credit cards don’t appear on consumer credit reports, which means they don’t impact your credit scores as long as you pay on time. Similar to choosing a personal credit card, pick your business credit cards based on your spending habits.

Persons: I’ve, you’ll, you’re, ”, Jeff Richardson, FICO, You’ll, You’re, airfare, — Organizations: VantageScore Solutions, Wells, U.S, Walmart, Amazon.com, Foods, Chase Travel, Amazon Prime, Visa, Amazon, Capital, Hertz, American Express, Card, Chase Locations: U.S, superstores

☆ Five takeaways from the FTC's 172-page antitrust lawsuit against Amazon
▼ + stars: | 2023-09-28 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

Washington CNN —An antitrust lawsuit from 17 states and the Federal Trade Commission this week against Amazon represents the US government’s biggest regulatory challenge yet against the e-commerce juggernaut. The landmark case targets Amazon’s retail platform, alleging that it’s harmed shoppers and sellers alike on a massive scale. Here are five of the biggest highlights and takeaways from the plaintiffs’ 172-page lawsuit. Just this month, the FTC added three Amazon officials to a separate consumer protection case dealing with Amazon Prime. Instead, the plaintiffs have to show that Amazon is part of a well-defined geographic and economic market that it dominates.

Persons: Lina Khan, Amazon, David Zapolsky, ” Khan, Khan, Douglas Farrar, ” Farrar, superstores, ” What’s, Jeff Bezos, “, ” Organizations: Washington CNN, Federal Trade Commission, Amazon, US, Walmart, Target, eBay, Amazon Music, Bloomberg News, CNN, Amazon Prime, FTC Locations: Seattle, United States

FTC Chairwoman Lina Khan testifies during a budget hearing of the House Energy and Commerce Subcommittee on Innovation, Data, and Commerce, April 18, 2023. Khan pointed to scale on Wednesday as a way Amazon leverages its power to dampen competition. Khan also explained the FTC's decision to define the market Amazon has monopolized as the online superstore. "We've had a whole set of antitrust cases that have succeeded when defining a market as the superstore market." This complaint applies that idea to the online world, Khan said, adding that there are functions that only an online superstore can serve through the "depth and breadth" of offerings.

Persons: Lina Khan, Khan, CNBC's Andrew Ross Sorkin, it's, We've Organizations: House Energy, Commerce, Amazon, Federal Trade, FTC, Yale, Intelligence Locations: U.S

☆ The Big Yawn: You really think the FTC will win against Amazon?
▼ + stars: | 2023-09-27 | by ( Alistair Barr | ) www.businessinsider.com time to read: +7 min

Insider has asked Apple, Google and Amazon for comment on various antitrust allegations in the past. But consumers don't pay for Google Search. The results of a Google search Alistair Barr/Insider/GoogleThe Amazon situation is similar. Marketpulse estimated earlier this year that Amazon sellers pay more than 50% of their revenue to Amazon in fees now. The results of an Amazon search Alistair Barr/Insider/AmazonEven Apple does this in its App Store.

Persons: —, Mark Schlisky, didn't, Lina Kahn, haven't, Vail, Alistair Barr, superstores, Burton Organizations: FTC, Amazon, DOJ, Google, Apple, Service, Bernstein, Big Tech, Ikon, Epic's, Epic, Vail Resorts

☆ How to Score Big Credit Card Rewards — Without Playing the Miles Game
▼ + stars: | 2023-08-16 | by ( Emily Sherman | ) www.wsj.com time to read: +9 min

Credit card enthusiasts will tell you the best deals come from earning airline or hotel points and miles and redeeming them for free vacations worth hundreds or thousands of dollars. From cash back credit cards to flexible travel cards, these five options are a great choice for those who want to rack up rewards without playing the miles game. The best on the market right now is the Wells Fargo Active Cash Card, which offers 2% cash back on every purchase. Rates and FeesRent makes up the largest portion of most Americans’ budgets, but it is a particularly hard category to earn rewards on. The Bilt Mastercard is currently the only credit card on the market changing that.

Persons: Emily Sherman, Wells, spender, you’ll, Cardholders, cardholders Organizations: Wells, Cash, Citi, American, American Express, Walmart, Target, Bureau of Labor Statistics, Amazon.com, Foods, Chase Travel, Amazon Prime, Amazon, Mastercard Locations: U.S, Chase

[1/3] The sign outside the Sam's Club is seen at its store in Shanghai, China July 12, 2023. The membership stores are also gaining ground amid a sales decline in China's hypermarket sector, which struggled with a shift towards online purchases during the pandemic. The club warehouse format "is the only bright spot," said Derek Deng, who leads Bain & Company's consumer products practice in greater China. "Sam's Club are doing well. But Sam's Club was ultimately confident it is currently miles ahead, one of the people said.

Persons: Aly, Liu Zheng, lockdowns, Derek Deng, Bain, Kantar Worldpanel, Judith McKenna, Bain's Deng, Christina Zhu, Sophie Yu, Brenda Goh, Jamie Freed Organizations: Sam's, REUTERS, Sam's Club, Costco, Walmart, HK, Freshippo, Carrefour, Yonghui, Bain, Reuters Graphics, Reuters, Sun, Retail, M, Beijing Yaodi Agriculture, M Club, Thomson Locations: Shanghai, China, BEIJING, Beijing, U.S, United States, Carrefour China, Peking, Yangzhou, Lanzhou, Sam's

☆ Petronas says national oil companies could become energy superstores years down the road
▼ + stars: | 2023-07-05 | by ( ) www.cnbc.com time to read: 1 min

Speaking on the sidelines of the Energy Asia summit on June 27, Petronas' CEO Tengku Muhammad Taufik said that national oil companies could pivot to become energy superstores on the path to net zero.

Persons: Tengku Muhammad Taufik Organizations: Energy, Petronas

If your credit history is limited, the Capital One SavorOne Cash Rewards for Good Credit is worth a close look. How to use rewards from the SavorOne for Good Credit cardThe Capital One SavorOne Cash Rewards for Good Credit comes with a straightforward reward redemption: Cash back in the form of a statement credit or a check. There's another redemption option if you also have a Capital One credit card that earns miles, like the aCapital One Venture Rewards Credit Card or Capital One Venture X Rewards Credit Card. SavorOne for Good Credit benefits and featuresThe Capital One SavorOne Cash Rewards for Good Credit is fairly low-frills in terms of extra benefits. If you wouldn't otherwise be approved for the regular Capital One Savor Cash Rewards Credit Card or Capital One SavorOne Cash Rewards Credit Card because your credit is on the lower side of good, the Capital One SavorOne Cash Rewards for Good Credit is worth considering.

Persons: Cash, Cardholders, It's, SavorOne, —, David McMillin David McMillin, Guy, David, he's Organizations: Uber, Capital, Walmart, Capital One Entertainment, Reading Chevron, Credit, Good Credit, Target, Costco, Entertainment, Netflix, Hulu, Disney, Verizon, PayPal, Good, Chevron, Business Locations: U.S, Chicago, Alaska , Utah , Oklahoma, Vermont

☆ The Best Credit Cards With No Annual Fee
▼ + stars: | 2023-05-27 | by ( ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 16.74% to 27.74%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

☆ The Best Credit Cards with No Annual Fee
▼ + stars: | 2023-05-27 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +11 min

To help you pick the right option for your needs, Buy Side from WSJ has identified the five best no annual fee cards. (See all our Best Rewards Credit Card picks.) Best for travelDiscover it® Miles learn more Base rewards rate: 1.5xBonus rewards: NoneSign-up bonus: Unlimited miles match after first 12 monthsAnnual fee: NoneAPR: 17.24% to 28.24%, variableForeign transaction fee: 0%Many of the top travel rewards cards come with an annual fee (see our Best Travel Credit Cards picks for proof). How we pickedTo pick Buy Side from WSJ’s Best No Annual Fee Credit Cards we looked at personal and business cards that were free to swipe and that offered the most generous cash back or points rewards. To find out more about how we chose credit cards—and to meet our panel of experts—you can also check out Buy Side from WSJ’s full best credit cards methodology.

Persons: Kerri Anne Renzulli, you’ll, That’s Organizations: Wells, Cash, Capital, Walmart, Netflix, Hulu, Entertainment, Visa, Mastercard, Chase Ink, Chase, Owners, Best Business, Card, of America, Bank of America Locations: Wells

☆ I'm worried about saving for my child's college tuition. The new Fisher-Price credit card can help, but I won't be applying
▼ + stars: | 2023-05-15 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +17 min

Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Is opening a credit card for investing in her college savings something that's worth doing? A new credit card designed specifically to help you save for your child's college education has just debuted. The Fisher-Price College Savings Mastercard® is a no-annual-fee credit card decked in bright colors as cheerful as the company's merchandise. You don't need a college savings-specific credit card to save for higher educationCollege tuition is sky-high at the moment.

☆ I save $10,000+ a year on airfare by booking with miles, and I've found the best US airport for flights to Israel (and Europe) at rock-bottom prices
▼ + stars: | 2023-05-12 | by ( Joseph Hostetler | Jasmin Baron | Credit Cards Reporter | ) www.businessinsider.com time to read: +27 min

Read Insider's guide to the best travel rewards credit cards. You might even already have a large stash of them if you have a travel rewards credit card — even if you've never heard of them. Chase Sapphire Preferred® Card 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.4 out of 5 Stars A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Apply nowChase Sapphire Preferred® Card 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.4 out of 5 Stars A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Show more Regular Annual Percentage Rate (APR) 20.74% - 27.74% Variable Editor's Rating 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.4 out of 5 Stars Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available.

☆ ValueAct loses its temper in 7-Eleven
▼ + stars: | 2023-05-10 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, May 10 (Reuters Breakingviews) - ValueAct Capital’s chief Mason Morfit prefers to chide undervalued conglomerates behind closed doors. In its latest 151-page presentation, ValueAct took its case directly to shareholders, the second time it has seen fit to do so in its history. That highlights the U.S. fund’s frustration from its two-year long campaign calling for Seven & i to spin off its 7-Eleven convenience stores, among other things. That implies a standalone 7-Eleven could be worth 10 trillion yen, roughly a quarter more than its parent today. He may have a point, and in truth ValueAct has far more experience turning around technology companies than food retailers.

The Citi Premier® Card and Capital One Venture Rewards Credit Card are two of the best travel rewards credit cards that offer flexible rewards and generous earning opportunities. Compare the Citi Premier and Capital One Venture Citi Premier® CardCapital One Venture Rewards Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Here's how the Citi Premier® stacks up against the Capital One Venture Rewards Credit Card to help you make the choice. Their spending requirements are identical, but the Citi Premier® offers more points than the Capital One Venture Rewards Credit Card. The Capital One Venture Rewards Credit Card offers this coverage while Citi Premier® does not.

☆ What Bed Bath & Beyond, Toys ‘R’ Us and RadioShack have in common
▼ + stars: | 2023-04-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Staples is “a classic ‘category killer,’ like Toys R Us,” Mitt Romney, then Bain & Co.’s managing general partner, said in 1989. Another category killer fell this week, when Bed Bath & Beyond filed for bankruptcy. Once the go-to stop for everything in customers’ homes, Bed Bath & Beyond was brought down by shopping changes, competition and its own missteps. Founded in 1971 as Bed ‘n Bath as a small linen and bath store, the company changed its name to Bed Bath & Beyond in 1987 to reflect its expanded merchandise selection and built larger superstores. It’s somewhat ironic that there is now nostalgia for Bed Bath & Beyond and other once dominant chains that drove mom-and-pops out of business.

Students with a limited credit history are unlikely to be approved for the best credit cards, and even some student credit cards require good to excellent credit. Step is a secured credit card that has a dynamic credit limit that is attached to the bank account balance -- it operates like a debit card but it is a credit card, which is what enables the unique credit building feature. Best Credit Cards for Students With No Credit of 2023Methodology: How we chose the best credit cards for students with no creditInsider's credit cards team looked at dozens of student credit cards, secured credit cards, and starter credit cards and narrowed down the list by choosing only those that students with limited or no credit have a good chance of qualifying for. Credit Cards for Students With No Credit Frequently Asked Questions (FAQ)Which credit card is best for students with no credit? US Bank Altitude Go Secured Credit Card ReviewBest for Students Under 18Step Secured Visa CardWhile credit card accounts are only available to those aged 18 and over, the Step Secured Visa Card offers a solution for students looking to build credit who haven't yet reached legal adulthood.

The Citi Premier® Card and Chase Sapphire Preferred® Card are both mid-tier credit cards that offer generous rewards, impressive (and overlapping) transfer partners, and travel perks. Here's a look at how the Citi Premier® and Sapphire Preferred stack up against each other. Compare the Chase Sapphire Preferred and Citi Premier Chase Sapphire Preferred® CardCiti Premier® Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Winner: TieShopping and travel benefitsAs mid-tier cards, the Citi Premier® and Sapphire Preferred offer standard benefits like no foreign transaction fees. Winner: TieTravel and purchase protectionsTravel and purchase protections are essential benefits you should consider when deciding between the Citi Premier® and Sapphire Preferred.

☆ Bed Bath & Beyond files for bankruptcy
▼ + stars: | 2023-04-23 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

Chris Hammons unloads a bag of items she purchased at a Bed Bath & Beyond store in Dallas, Texas September 23, 2009. In its bankruptcy filing, Bed Bath & Beyond said it had $5.2 billion in debt and assets of just $4.4 billion. Discount chains such as HomeGoods and TJ Maxx have also undercut Bed Bath & Beyond’s prices. Without the differentiators of the lowest prices or widest selection, Bed Bath & Beyond’s sales stagnated from 2012 to 2019. And Bed Bath & Beyond is the latest retail chain to file for bankruptcy this year.

Organizations: & $

☆ What Walmart’s pullback from Chicago says about Corporate America’s limits
▼ + stars: | 2023-04-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New York CNN —A line of Chicago mayors heavily courted Walmart over the last two decades, brushing aside community protests. Chains like Dollar General and Family Dollar are expanding in low-income areas, but they don’t sell fresh groceries. Walmart is closing neighborhood markets around the country, and three of the four stores closing in Chicago fall into that category. In Chicago, Walmart is closing in both low-income and high-income areas, a sign that it’s struggling across the city. But it’s the stores in low-income areas that will feel the loss most.

☆ Leon Levine, Family Dollar founder, dies at 85
▼ + stars: | 2023-04-11 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Leon Levine, who built Family Dollar into a discount retail giant catering to America’s lower-income and middle-class shoppers, has died at 85. Three dollar store chains — Dollar General, Dollar Tree and Family Dollar — are now the fastest-growing US retailers. Levine opened the first Family Dollar store in 1959 at age 22 in Charlotte, North Carolina, with his cousin. “We’re just the opposite of a Wal-Mart,” Family Dollar president George Mahoney told the Associated Press in 1993. (Today, there are more than 8,000 Family Dollar stores.

Search resuls for: "superstores"

25 mentions found