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☆ Is Online Shopping Bad for the Planet?
▼ + stars: | 2024-04-22 | by ( Dionne Searcey | ) www.nytimes.com time to read: +1 min

Q: How much do I need to worry about the impact of my online shopping? The convenience of online shopping is hard to beat. Transportation needed for online shopping spews greenhouse emissions. even found that online shopping could be more sustainable than traditional shopping in more than 75 percent of scenarios that researchers came up with. Online retailers and delivery companies have been trying to make online shopping more climate friendly.

☆ Meta Platforms gets billions from China without headaches many U.S. companies face there
▼ + stars: | 2024-04-22 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

As many American companies struggle to navigate the world's second-largest economy, Meta Platforms has found itself raking in billions of dollars from China without the direct challenges of doing business there. The influx in spending from Chinese ecommerce advertisers has been a "significant positive" for Meta, said Rohit Kulkarni, analyst at Roth MKM covering internet companies. Many American companies doing business in China have battled similar challenges as the post-Covid recovery there has progressed slower than expected. Meta has said it has a "diverse advertiser base" of Chinese companies. The concern is that as more Chinese advertisers target American consumers through Meta's platforms, that could drive up the price of ads for everyone.

Persons: Temu, Rohit Kulkarni, Roth, Meta's, Piper Sandler, Tom Champion, Estee Lauder, Meta, Susan Li, Shein, Kate Scott, Dawkins, —, Roth's Kulkarni, Piper Sandler's, they're, Josh Silverman, we're, Piper, doesn't, Jim Cramer's, Jim Cramer, Jim, Facebook Mark Zuckerberg, Kenzo Tribouillard Organizations: Club, Super, U.S, Meta, Apple, Facebook, Tencent, Holdings, Nasdaq, CNBC, Wall Street, Google, European Commission, AFP, Getty Locations: China, Ireland, Shanghai, Singapore, U.S, Meta, Brussels

☆ FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
▼ + stars: | 2024-04-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry . With the transaction, the luxury brands could be poised to better compete with European luxury names, such as Burberry and LVMH's Louis Vuitton. Both Tapestry and Capri have been under pressure, as consumers continue to be choosier with discretionary spending. Yet Capri, in particular, has been more vulnerable because of its heavier reliance than Tapestry on department stores and other wholesale retailers. The vast majority of Tapestry's sales are through its own website and stores, with wholesale accounting for only about 10% of sales globally in the most recently reported fiscal quarter.

Persons: Kate Spade's, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, LVMH's Louis Vuitton, Joanne Crevoiserat, Tapestry, Crevoiserat Organizations: U.S . Federal Trade Commission, Capri Holdings, Burberry, Tapestry, CNBC Locations: Europe, Japan, Capri

☆ I visited Chanel's watches and fine jewelry boutique in NYC and saw why the brand is betting on in-person shopping
▼ + stars: | 2024-04-22 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +6 min

In February, Chanel opened a watches and fine jewelry boutique on Fifth Avenue in New York City. My destination was Chanel's watches and fine jewelry flagship, dedicated to exclusive and vintage jewelry from the brand. Anna Weyant and Eileen Kelly at the opening of Chanel's watches and fine jewelry store in February 2024. Amandla Stenberg at the Chanel watches and fine jewelry opening in February 2024. Visiting Chanel's watches and fine jewelry boutique is an experience, which you just can't get online.

Persons: Chanel, Peter Marino, Coco Chanel, —, Bergdorf Goodman, Robb, Saint Laurent, Samantha Grindell, Gilbert Carrasquillo, Anna Weyant, Eileen Kelly, Chanel's, Sean Zanni, Marino, Coco, Amandla Stenberg Organizations: Service, Tiffany, Chanel, Hollywood, Workers, W Locations: New York City, New York

☆ AI is helping Amazon send fewer small items in comically large boxes
▼ + stars: | 2024-04-21 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +2 min

Amazon's packaging has been getting more efficient in recent years, thanks to AI. The e-commerce giant built an AI model that interprets pictures and text to choose the best shipping materials. The tool is key in helping the company cut out 2 million tons of plastic and cardboard since 2015. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. Frequent Amazon shoppers have almost certainly received a shipment with a single small item in a comically large box.

Organizations: Service Locations: North America

☆ The last thing Elon Musk wants right now is barrelling toward Tesla
▼ + stars: | 2024-04-20 | by ( Nora Naughton | Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

The United Auto Workers union won a critical vote at a plant in Tenessee. The union's white whale is Tesla, workers of which have never been represented by a union. The warm-up for TeslaConquering the South is just a warm-up for the big event for the UAW: Organizing Tesla. Tesla has never held a union vote at any of its US facilities. Many Tesla workers already make more per hour than their unionized counterparts.

Persons: aren't, —, Shawn Fain, Fain, Tesla, Elon Musk, Elon Organizations: United Auto Workers, Service, UAW, National Labor Relations Board, Reuters, unionizing, Detroit, Volkswagen, Mercedes, Tesla, Organizing, New York Times Locations: Tenessee, Tennessee, Chattanooga, Detroit, Alabama, Sweden

☆ Gig workers are fed up with being treated as second-class citizens by store workers
▼ + stars: | 2024-04-20 | by ( Alex Bitter | ) www.businessinsider.com time to read: +5 min

Employees at supermarkets and Walmart stores often ignore gig workers — or berate them. Several gig workers that BI spoke with said that cooperating — or fighting — with store workers is a regular part of their job as independent contractors. AdvertisementFor Spark workers who go into a Walmart store, things can be even worse — ironic, some say, given Spark is owned and operated by Walmart. Conflict between gig workers and store employees isn't new. AdvertisementAnd store employees aren't the only ones giving gig workers a hard time.

Persons: —, who've, I'm, it's, they've, Instacart Organizations: Walmart, Service, Spark, Business, Shoppers Locations: California, It's, Portland , Oregon, Montana, Illinois

☆ Whatever happened to the two-door car?
▼ + stars: | 2024-04-20 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

There are still two-door cars today, of course, but they’re almost all high-performance sports cars not intended for comfortable cruising. For car designers, two-door models can offer more striking proportions to play with, long hoods that evoke power and tapered, aerodynamic back ends. Today, it’s rare to see a two-door car that isn’t a performance model like the Mustang or Corvette. Today, if you have a two-door car and you have kids, you also have a backache. While some two-door cars used to be bargain items – the cheapest entry-level cars were almost always two-door hatchbacks – today two-door models are seen mostly in European luxury car showrooms.

Persons: Ricardo Montalbán, Brian Rabold, Bob D'Olivo, ”, Kevin Kirbitz, who’s, “, Rabold, ” Rabold, Scott Krugger, Kia Rio, You’ve, Gorden Wagener Organizations: CNN, Chrysler, Network, Riviera, GM, Ford Thunderbird, Chevrolet Corvette, Thunderbird, Ford, Stellantis’s Dodge, Nissan, Cox Automotive, BMW, Audi, Mercedes, Benz, American Mercedes Locations: Chrysler Cordoba, Cordoba, United States, American

☆ Aldi’s ‘aisle of shame’ is a middle row of goodies that have nothing to do with groceries. Shoppers are huge fans of it
▼ + stars: | 2024-04-19 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +10 min

Inside every Aldi store is a single aisle of merchandise that mostly has nothing to do with groceries. The Wednesday rush can often be pinned on die-hard Aldi shoppers, 3 million of whom are members of the very active Aldi Aisle of Shame Facebook page and frequently post about their latest aisle of shame hauls. They know it’s Aldi,” Pratt said. The German Supermarket acquired Winn-Dixie, Harveys Supermarkets and other grocery stores in the Southeast in an attempt to increase its presence in the region. That’s where this aisle of shame fits in and helps Aldi offer its low prices overall.”

Persons: New York CNN — Caitlyn Pratt, Pratt, Aldi’s, who’s, ” Pratt, she’s, “, Caitlyn Pratt, Caitlyn Pratt Pratt, ”, I’ve, Britney Henderson, Britney Henderson Britney Henderson, “ I’m, ” Henderson, Aldi, John Clear, Alvarez, Clear, Jason Hart, Brandon Bell Organizations: New, New York CNN, Walmart, Aldi, CNN, ALDI, Morning, Target, Costco, German Supermarket, Harveys, Products Locations: New York, Heavener , Oklahoma, Arkansas, Iowa, Atlanta , Georgia, It’s, Pflugerville , Texas, Winn

☆ Procter & Gamble sales disappoint as price hikes slow down
▼ + stars: | 2024-04-19 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

In October, executives said that they anticipated returning to volume growth in fiscal 2024. However, three of P&G's divisions reported volume growth for the quarter. The company's grooming business, home to its Gillette and Venus razors, reported volume growth of 2%. And fabric and home care, which includes Febreze and Swiffer, saw 1% volume growth. That's a reversal from the last two fiscal years, when commodity costs weighed on the company, leading to price hikes.

Persons: Pantene, Gamble, Andre Schulten, Schulten Organizations: Procter, LSEG, Gillette, pricey SK Locations: San Anselmo , California, China, Gaza, U.S

☆ To Fight ‘Shrinkflation,’ France Will Force Retailers to Warn Shoppers
▼ + stars: | 2024-04-19 | by ( Liz Alderman | ) www.nytimes.com time to read: 1 min

“Shrinkflation,” the signs say. “This product has seen its volume decrease and the price charged by our supplier increase.”On Friday, the French government took steps to require every food retailer in the country to follow suit. By July 1, stores will have to plaster warnings in front of all products that have been reduced in size without a corresponding price cut, in a bid to combat the consumer scourge known as shrinkflation. “The practice of shrinkflation is a scam,” Bruno Le Maire, France’s finance minister, said in a statement. “We are putting an end to it.”

Persons: “, ” Bruno Le Maire, ” Organizations: France’s, Pepsi Locations: Carrefour

☆ P&G's initial decline had nothing to do with earnings. The market later agreed
▼ + stars: | 2024-04-19 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

For the full year, the overall sales growth rate was reiterated at 2% to 4% as was the organic growth target of 4% to 5%. On the call, Schulten said growth across categories continues to be broad-based with 8 of 10 product categories holding or growing organic sales in this quarter. In North America, organic sales rose 3% on the back of a 3% increase in volume. In Europe, focus markets rose 7% on the back of a 4% increase in volume, and in Latin America, organic sales were up 17% versus the year-ago period. Weakness continued in Greater China, with organic sales declining 10%.

Persons: Dow, Andre Schulten, Schulten, Jim Cramer's, Jim Cramer, Jim, Pantene, Justin Sullivan Organizations: Procter, Gamble, Procter & Gamble, Colgate, Palmolive, Unilever, Management, CNBC Locations: United States, American, North America, Europe, Latin America, Greater China, China, San Anselmo , California

☆ You could claim up to $500 from Walmart as a part of a $45 million class action lawsuit—here's how to check
▼ + stars: | 2024-04-19 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Attention shoppers, you may be eligible to receive up to $500 from Walmart if you purchased certain groceries from the big box retailer over the past six years. A class action lawsuit filed in Florida claims that "Walmart uses unfair and deceptive business practices to deceivingly, misleadingly, and unjustly pilfer, to Walmart's financial benefit, its customers' hard-earned grocery dollars." The lawsuit specifically alleges Walmart "falsely inflates the product weight" and overcharged shoppers for certain "weighted goods" and "bagged citrus." "We will continue providing our customers everyday low prices to help them save money on the products they want and need. Here's how to see if you're eligible for a cash payment and how to file a claim.

Organizations: Walmart, CNBC Locations: Florida

☆ Procter & Gamble's strategic pricing shift should accelerate business growth this year
▼ + stars: | 2024-04-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Those are key items to watch out for Friday morning when P & G reports its fiscal 2024 third-quarter earnings. Shares of P & G hit a multiyear high of $163 on March 28 — less than $2 per share below all-time highs reached in late April 2022. Traditionally for Procter, pricing has contributed low single digits to its earnings growth. In P & G's fiscal second quarter , pricing contributed 4% to sales growth, but volumes were down on a companywide basis. He expects to see a healthy organic growth rate consistent with the 4% organic growth reported in the second quarter.

Persons: Jeff Marks, Jim Cramer, Nik Modi, Modi, Procter, Jon Anderson, William Blair, Anderson, Ulta, Jim Cramer's, Jim Organizations: Procter, Gamble, CNBC, Federal Reserve, Fed, RBC Capital Markets, Anderson, China, National Exhibition, Convention Center, VCG, Getty Locations: U.S, North America, Shanghai, China

☆ 4 Hermès Birkin collectors cracked the code to getting their hands on the coveted bag
▼ + stars: | 2024-04-18 | by ( Amanda Krause | ) www.businessinsider.com time to read: +12 min

But of course, Birkins, Kelly bags, and other Hermès pieces are nothing new. Jasmine Rasco and one of her Birkin bags. Richard Rodriguez/Stringer/Getty ImagesName: Tiffany MoonAdvertisementAge: 39Her first Birkin: Moon's first Birkin bag was a celebratory purchase. "I see these huge, palatial closets filled with lots of different Hermès bags. Why she loves them: The exclusivity factor plays a part in Millen's love for Hermès bags, but for her, it's about the quality.

Persons: Hermès, Birkin, Kelly, —, Thierry Hermès, Robert Dumas —, Émile Hermès —, He's, They're, Jasmine Rasco, Rasco, Sellier, Azalee, Roscoe, it's, I'm, Tiffany Moon, Richard Rodriguez, Stringer, Tiffany, Moon's, Birkin —, Dallas, We're, I've, Lydia Millen, Joe Giddens, Millen, who's, slouchy Birkin, they're, Tania Antonenkova, Antonenkova, she's Organizations: Service, Hermès, Business, Epsom, Housewives Locations: Birkins, Paris, Hermès, Togo, Texas, San Fransisco, San Francisco, London, Faubourg, Versailles

☆ Wayfair is opening its first-ever physical furniture store
▼ + stars: | 2024-04-18 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Online furniture and home furnishings seller Wayfair is set to open its first-ever namesake store next month, the company announced Thursday. It will also feature an onsite restaurant called “The Porch,” the company said, taking a page out of Ikea’s store setup. Furniture stores need to always be advertising, Saunders added, because people generally don’t buy furniture very often. This is particularly important in furniture and finishings where people like to see and try out products before buying,” Saunders said. “If this store is successful then it could be the start of wider physical expansion for Wayfair,” Saunders said.

Persons: Joss, ”, Neil Saunders, Saunders, Wayfair, it’s, Niraj Shah, Wayfair “, “ It’s, ” Saunders Organizations: New, New York CNN —, GlobalData Locations: New York, Edens, Wilmette , Illinois

☆ Amazon Prime looked like it had plateaued. Now a record 3 out of 4 Americans use it.
▼ + stars: | 2024-04-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +1 min

Amazon's Prime membership hit a record 180 million US shoppers in Q1, according to new estimates. Now a record 75% of Americans use the subscription service. AdvertisementJust over a year ago, Amazon's Prime subscription service looked like it had plateaued. Prime reached a record 180 million US shoppers in the first quarter, data from Consumer Intelligence Research Partners suggests. This story is available exclusively to Business Insider subscribers.

Persons: —, It's Organizations: Amazon's, Service, Consumer Intelligence Research Partners, Business

☆ TikTok Shop is second only to Amazon in a key measure of customer loyalty
▼ + stars: | 2024-04-17 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content." TikTok Shop seems to have become a place for impulse purchases, as well.

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ Amazon starts selling smart grocery carts to other retailers
▼ + stars: | 2024-04-17 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

A woman uses a dash cart during her grocery-shopping at a Whole Foods store as Amazon launches smart shopping carts at Whole Foods stores in San Mateo, California, United States on February 25, 2024. The smart shopping cart makes grocery shopping quicker by allowing customers to scan products right into their cart as they shop and then skip the checkout line. Amazon will begin selling its smart grocery carts to other retailers, the company said Wednesday, marking its latest bid to turn its Dash Cart technology into a service. Amazon launched the Dash Cart in 2020 at its Fresh supermarket chain before adding it to select Whole Foods stores. Amazon teams working on Just Walk Out, Dash Carts and other physical store technologies were among those hit by layoffs earlier this month.

Persons: Price, it's, Amazon Organizations: Amazon, Foods, McKeever's Locations: San Mateo , California, United States, Kansas, Missouri, Gizmodo, India

Preorders for Sony's Bravia 3 and Bravia 7 4K TVs are now available, but preorders for the Bravia 8 and Bravia 9 are not yet live. AdvertisementSony Bravia 9 Mini LED 4K TV price and specsThe Bravia 9 boasts an advanced backlight with high brightness capabilities. B&H PhotoSony 65-inch Bravia 9 Mini LED QLED 4K TV Sony's new high-end Bravia 9 is its most advanced 4K QLED TV yet. AdvertisementSony Bravia 8 OLED 4K TV price and specsThe Bravia 8 is the successor to Sony's A80L midrange OLED TV from 2023. AdvertisementSony Bravia 3 LED 4K TV price and specsThe Bravia 3 is an entry-level 4K TV so it's missing many of the advanced image quality features found on other Bravia models.

Persons: what's, we've, A80L, that's, QLED, Sony's X95L, Sony's, it's Organizations: Business, Sony, Google, Hollywood, Sony Sony, Samsung, LG, Amazon Sony

☆ Americans are obsessed with Amazon Prime, and it shows
▼ + stars: | 2024-04-17 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Amazon Prime had 180 million members in March, according to new data. AdvertisementNow more than ever, you're more likely than not to be an Amazon Prime member. It also brings the share of US consumers who have Prime to 75%, per the report. Amazon did not immediately respond to a request for comment from Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: — Organizations: Amazon, Bloomberg Businessweek, Service, Bloomberg, Consumer Intelligence Research Partners, Business

☆ TikTok Shop is better at keeping customers than Temu and Shein
▼ + stars: | 2024-04-16 | by ( Madeline Stone | Dan Whateley | ) www.businessinsider.com time to read: +3 min

TikTok seems to be doing a good job of getting customers to make multiple purchases on its new shopping platform, Shop, according to data from Earnest Analytics. Earnest, which tracks credit-and-debit-card transactions, found that around 27% of TikTok shoppers came back to make another purchase after five months of their first buy. On this measure, TikTok Shop outperformed other e-commerce platforms, including Temu, Shein, and Etsy, as well as fellow social-commerce channels Whatnot, Flip, and Instagram Checkout. Amazon was the only e-commerce platform that beat TikTok Shop in Earnest's dataset, which looked at customer-retention data between January 2022 and February 2024. "The second I bought my first TikTok Shop product, which was probably a year and a half ago, from that moment on, I started to get more TikTok Shop content."

Persons: Michael Maloof, Temu, TikTok, Maloof, —, they've, Nicole Rechtszaid Organizations: Walmart, Business, Facebook, Ghost Agency

☆ I've worked at Sephora for a year. Here are 8 products I swear by for a full face of makeup.
▼ + stars: | 2024-04-16 | by ( Jimena Venegas | ) www.businessinsider.com time to read: +1 min

I've worked at Sephora for over a year, and there are some products I absolutely love buying there. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In fact, beauty and cosmetic products were the fastest-growing retail category last year. This story is available exclusively to Business Insider subscribers.

Persons: I've, — Organizations: Service, Business Locations: Sephora

☆ I thought Costco was just for parents, but my partner and I love it. Here are 12 things we buy on a typical trip.
▼ + stars: | 2024-04-15 | by ( Annabel Rocha | ) www.businessinsider.com time to read: +1 min

My partner and I are dual income, no kids, so we shop at Costco for just adults. We love going to Costco for great deals on produce and sparkling water. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.

Persons: —, haven't Organizations: Costco, Service, Business Locations: Chicago

☆ Options prices are rising as the market is on edge. How to use this to your advantage
▼ + stars: | 2024-04-15 | by ( Michael Khouw | ) www.cnbc.com time to read: +6 min

Options premiums are rising and we'll discuss how to take advantage of that by generating income through a covered call options strategy. First the consumer price index inflation data came in hotter than expected on Wednesday. The expectation had been that the pace of inflation – once those year-over-year price increases were in place — would slow in March. Since then, the "average" level of the VIX Index is 19.53. Holders could therefore look to options to potentially provide some yield if they are expecting less capital appreciation.

Persons: Warren Buffett, 28th's, Buffett Locations: Europe, Iran, Israel, Lebanon, United States, Domino's

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