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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe rise of dumb phonesDumb phones are growing in popularity in the U.S., and they still make up about a quarter of mobile phones actively in use worldwide. Affordability in developing countries is a significant benefit, but their resurgence in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.

America's biggest retailers say organized retail crime has grown into a multibillion-dollar problem, but the effectiveness of their strategies to solve it and the validity of the data overall have come into question. However, the problem isn't as clear-cut as retailers and trade groups have made it seem. External retail crime accounts for only 37% of those losses, or about $35 billion, the NRF data shows. Still, law enforcement agencies and retailers insist organized retail crime remains an issue and said they stand behind their data. We see it every day in our stores," Scott Glenn, Home Depot's vice president of asset protection, told CNBC.

☆ Why retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technology
▼ + stars: | 2023-03-16 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy retailers like Home Depot, CVS and Walgreens are spending billions on anti-theft technologyAccording to the NRF, retail shrink, which refers to inventory loss due to theft, unknown loss and administrative error, reached $94.5 billion in 2021, a 4% increase from the year prior. While retailers and trade associations depict a "shoplifting epidemic," criminologists and civil rights advocates worry the story is more nuanced. They point out, among other things, that retail shrink is difficult to track, and of the data available, the methodology is inconsistent.

☆ The secret to credit card rewards
▼ + stars: | 2023-03-14 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe secret to credit card rewardsHaving multiple credit cards and playing the rewards game can save you hundreds of dollars each year. Americans own four cards on average but not being able to pay off the balance in full every month can be damaging to your credit score and wallet. How much money you save using credit cards depends on your lifestyle and how you play the rewards game.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWho makes money from eggsEggs are a $10 billion industry and while the top five players hold an estimated 38% of the entire market, Cal-Maine Foods holds 16.8%. With prices more than doubling in 2022, profits have reached record highs. Watch this video to learn who profits from the egg industry.

☆ How I built my $3 million business buying cars at auctions
▼ + stars: | 2023-02-17 | by ( Emily Lorsch | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow I built my $3 million business buying cars at auctionsCraig Stowell owns Flying Wheels, a car dealership in Danville, New Hampshire. Valued at an estimated $3 million, Stowell's business buys about 80% of its cars at auctions around the country. Flying Wheels reached $1.3 million in sales last year. Many of those sales came from his online followers on YouTube and other social media. Watch this video to learn how Stowell built his $3 million business buying cars at auctions.

China's e-commerce market was valued at $2 trillion in 2022, according to GlobalData, and the country also has a rapidly growing middle class, making it an attractive market for American companies. Amazon entered the China market in 2004 through a $75 million acquisition of Joyo.com, an online book and media seller. The joint venture rebranded to Amazon China at the domain Amazon.cn in 2011. Between 2011 and 2012, Amazon's market share hovered at approximately 15%, but it later plunged to less than 1% by 2019, according to iResearch. Amazon officially closed its China online marketplace in July 2019.

☆ Amazon Marketplace failed in China. Here's why
▼ + stars: | 2023-02-02 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon Marketplace failed in China. Here's whyAmazon debuted in China in 2004 by acquiring Joyo.com, an online media seller, for $75 million. Amazon pushed its e-reader and tablet product offerings, but China's complex regulatory approval delayed their debut. In 2012, Amazon's market share held at around 15%, but it later plunged to less than 1%, according to iResearch. Amazon officially closed its China marketplace in 2019.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Live Nation and Ticketmaster monopolyArtists, activists, and music lovers are once again calling for the break up of Live Nation and Ticketmaster. The two companies merged in 2010 forming Live Nation Entertainment but critics of the company claim it has a monopoly on the live entertainment industry. While a monopoly is not illegal, abusing a monopoly position is. Here's how the industry got here and what the future could hold.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy this entrepreneur left Wall Street to start a restaurantAndre McCain left his job on Wall Street to follow his entrepreneurial dreams. He is now the founder of Half Smoke, a fast casual restaurant that started in Washington, D.C. focused on sausages.

Dean Baldwin Painting is a 57-year-old aircraft painting company based in Macon, Georgia. The Federal Aviation Administration sets the safety standards for aircraft paint, and throughout the entire painting process, the plane is continually inspected to ensure those standards are being met. Painting typically involves four to five layers but only tends to be as thick as a fraction of a millimeter. Those layers include an anti-corrosion primer, protective intermediate layers and a final outer layer, which is typically white. The global commercial aviation aircraft paint market was estimated at nearly $18.5 billion in 2020 and is expected to grow to a $65 billion market by 2027.

☆ How United, Delta, JetBlue and American Airlines paint their planes
▼ + stars: | 2023-01-06 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy the aircraft paint industry is worth $18 billionThe average cost to paint a commercial airliner falls between $175,000 to $200,000, according to Dean Baldwin Painting, a 57-year-old aircraft painting company based in Macon, Ga. It services some of the world's biggest airlines, such as United, Delta and JetBlue. The painting process involves over 90 gallons of paint and multiple engineers and painters. The global commercial aviation aircraft paint market was estimated at $18.4 billion in 2020 and is expected to grow to $65 billion by 2027.

Lululemon is a multibillion-dollar leader in the high-end active wear category that owns and operates 600 stores, 40 of which are located in Europe. Its roots date back to 1998 when it opened as "Lululemon Athletica," a yoga-wear brand geared toward women and yoga enthusiasts. Demand for athletic wear has grown exponentially since those early days, and in 2022 Lululemon continues to lead the way, with its second-quarter revenue soaring 29% year over year. Nevertheless, the company continues to innovate and diversify into different categories and wider tech offerings. Watch the video above to learn more about what makes Lululemon a global leader in athleisure and active wear.

☆ How Lululemon made high-end active wear trendy
▼ + stars: | 2022-10-21 | by ( Jade Tungul | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Lululemon made high-end active wear trendyLululemon's roots began in Vancouver, Canada, as a specialty yoga-wear brand geared toward women and yoga enthusiasts. It is now a multibillion-dollar leader in the high-end active wear category. Revenue jumped 29% in the second quarter year over year on increased demand in athletic wear and more comfortable work attire. Lululemon is now embarking on an ambitious five-year plan with the aim of doubling revenue by 2026, to $12.5 billion, that includes aggressive international expansion.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy Starbucks is growing in ItalyIn 2018, Starbucks opened its first store in Italy, a 25,000-square-foot roastery in Milan. Despite being inspired by Italian coffeehouse culture, the American chain faced resistance when entering the country. Since then, the company has opened a total of 20 stores in Italy and plans to open five more before the end of 2022. Will the country that invented espresso embrace the world's largest coffee chain?

☆ How Netflix lost its edge to Disney+
▼ + stars: | 2022-09-28 | by ( Darren Geeter | Tala Hadavi | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Netflix lost its edge to Disney+Over the past 25 years, Netflix has changed the film and television landscape forever. The company has amassed nearly 221 million subscribers across 190 countries, billions of hours watched for popular series like "Stranger Things" and has racked up 226 awards along the way. But in 2022, things are looking different for the storied streamer. During the second quarter, Netflix lost nearly 1 million subscribers, while rival Disney+ added roughly 14 million new subscribers in its latest quarter.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow floating cities and amphibious homes may help coastal towns adapt to sea-level riseA new industry of floating infrastructure is emerging to help adapt to rising sea levels. There are two distinct approaches that are being put forth as possible solutions: retrofitting homes to be amphibious and building floating cities. Would you live in a floating city or retrofit your home so it floats during floods? Watch the video above to learn more about what life could be like in these innovative climate change adaptations.

Target's entry into the Canadian market in 2013 was its first foray in international expansion. A combination of extensive renovation needs, a flawed merchandising system, tight time frame and inadequate leadership were some of the reasons the big-box retailer decided to close all 133 stores in the country in 2015. Target does not intend to expand internationally anytime in the near future and is instead narrowing its focus on its at-home operations. Company profit plunged nearly 90% during the second quarter from the year-earlier period on an excess of unwanted inventory. It plans to completely renovate 200 existing stores and open 30 more in 2022.

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