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☆ These retail chains may not survive a recession
▼ + stars: | 2022-10-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

New York CNN Business —America’s retail chains have proven surprisingly strong during the pandemic. At the beginning of the pandemic, stores temporarily closed to halt the spread of Covid-19 and retail sales tumbled. “That wave of defaults effectively flushed out a lot of debt and unprofitable stores from the sector,” Sokolyanska said. Retail sales quickly recovered thanks to federal stimulus checks, growing personal savings accounts and pent-up consumer demand. Retail sales remain above pre-pandemic levels and more stores have announced openings than closings this year.

Popular stroller company UPPAbaby is recalling more than 14,000 jogging strollers after the tip of a child's finger got caught in the brake and was amputated. The voluntary recall involves all UPPAbaby all-terrain RIDGE jogging strollers in white, charcoal and slate blue. UPPAbaby All-Terrain RIDGE Jogging Stroller. The product safety commission said customers should stop using the stroller immediately and contact UPPAbaby for free replacement brake disks. Despite passing all tests and meeting all standards, UPPAbaby received one report about the all-terrain RIDGE stroller," said the statement.

☆ Wine scammers — Quitting to hike Everest — LA’s most expensive apartment
▼ + stars: | 2021-09-17 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

This week, we're taking you to Mount Everest, giving you a tour of Los Angeles' most expensive apartment, and showing you how high-end wineries are fighting back against scammers. As some have dove into their passion projects, other die-hard athletes are quitting their jobs to climb Mount Everest or hike the Appalachian Trail. Peter Dazeley/Getty ImagesExperts estimate that about 20% of wine sold worldwide is fake — so high-end wineries are going to great lengths to fend off new-age scammers. See how high-end wineries are fighting back against scammers. We spoke with O'Neill, who took us through her daily routine during fashion week, working 7 a.m. to midnight leading up to her show.

Affirm is one of the few buy now, pay later providers that offer consumers long-term financing options with a 0% APR. Since you don't pay interest on your Afterpay loan, you don't have to worry about not being refunded for interest. You'll be hit with an $8 fee, or 25% of your transaction, whichever is less, for each late payment. Available merchants Pay in 4 is available at millions of merchants through the app, but it's not accessible for merchants that aren't integrated with PayPal. Our methodologySelect focused on the following features when examining popular buy now, pay later providers: APR: Some BNPL loans charge interest while others do not.

☆ Spanx CEO Sara Blakely: People who 'achieve their dreams' have this trait–'it's not about having brains, money or experience'
▼ + stars: | 2020-11-24 | by ( Taylor Locke | ) www.cnbc.com time to read: +2 min

"The difference between people who achieve their dreams and those who don't is simple," according to Spanx founder and CEO Sara Blakely. "It's not about having a ton of brains or ton of money or a ton of experience," according to Blakely. Indeed, Blakely started Spanx in 1998 with just $5,000 she had in savings from selling fax machines door-to-door. Without having any background in design, business or manufacturing, Blakely ultimately built Spanx into a billion-dollar brand. "In the middle of my meeting with [the Neiman Marcus rep], I could tell I was losing her.

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