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Search resuls for: "” Shoppers"


7 mentions found


☆ Big Biba: A look inside London’s famed 1970s fashion store
  + stars: | 2024-03-19 | by ( Zoe Whitfield | ) edition.cnn.com   time to read: +8 min
As the creative force behind the look of the wildly popular 1970s London fashion store Big Biba, Thomas knows a thing or two about engineering excitement. “An act of bravery”Interior designer Thomas had already designed Hulanicki and Fitz-Simon’s home and the third Biba store in 1968 before being approached about the landmark seven-level store. “Fitz offered me two floors (of Big Biba) but I wanted it all,” he recalled of his initial involvement. Tim WhiteWhile Wintour’s shopgirl life was short-lived, Big Biba’s staff were a vital component of the experience remembered Thomas. In 1969, the independent company sold a majority of its shares to another British fashion retailer Dorothy Perkins which, in August 1973 (a month before Big Biba opened), was then bought by a property development company called British Land.
Persons: CNN —, ”, Steven Thomas, Thomas, Barbara Hulanicki, Stephen Fitz, Simon —, Andy Warhol, Marcel Hennequet, “, “ David Bowie, Mick Jagger, Bryan Ferry, John Bishop “ Fitz, Ian Dury, Fitz, Simon, Singer Annie Lennox, Doreen Spooner, Daily, Martin Pel, Mary Quant, Anna Wintour, —, York’s Bergdorf Goodman, Simon’s, “ Fitz, Tim, Whitmore, Tim White, “ Biba, Barbara, Ken Russell’s, Biba, Hulanicki, Buckingham, Kasia, Dorothy Perkins, Pel Organizations: CNN, New York Dolls, Shoppers, Textile Museum, Street, Disney, Big, Buckingham Palace Locations: London, Kensington
☆ The holiday spending spree is fueled by ‘Buy Now, Pay Later’ shoppers
  + stars: | 2023-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —The Black Friday and Cyber Monday billion-dollar US spending spree was fueled by “Buy Now, Pay Later” shoppers. On Cyber Monday, Buy Now, Pay Later purchases hit an all-time high, up 43% from a year ago, according to Adobe Analytics. The number of items per order also rose 11% annually as shoppers used Buy Now, Pay Later for larger purchases. Consumers risk stacking on debt they can’t pay off with Buy Now, Pay Later purchases, financial researchers say. While Buy Now, Pay Later was initially designed to help shoppers pay for big-ticket purchases, consumers are increasingly using these services to buy groceries and everyday necessities, research shows.
Persons: CNN’s Alicia Wallace Organizations: New, New York CNN, Adobe Analytics, New York Federal, Federal Reserve Bank of New Locations: New York
☆ Thanksgiving weekend dealhunters came broke records but their spending didn’t
  + stars: | 2023-11-28 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com   time to read: +3 min
New York CNN —More people than ever flocked to stores and websites over the Thanksgiving and Black Friday holiday weekend this year, but consumers didn’t quite break the spending record set in recent years. The group said consumers spent $321.41 on average (unadjusted for inflation) on these types of items compared to $325.44 over the same time last year. The Thanksgiving holiday weekend typically marks the start of the year-end gift-buying rush. The NRF’s own projection calls for a slowdown in holiday sales growth this year. And for Cyber Monday, the numbers were even stronger — consumers spent $12.4 billion, a 9.6% increase from 2022.
Persons: New York CNN —, trumping, NRF, It’s, ”, Matt Shay Organizations: New, New York CNN, National Retail Federation, Industry, ”, Adobe Analytics Locations: New York
☆ Target is testing a new self-checkout policy
  + stars: | 2023-11-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN —Target is testing a new self-checkout policy as retailers are finding the cashier-less technology can put off customers. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer. Target and other retailers had expanded self-checkout machines in recent years. Self-checkout machines sometimes break. Target said that merchandise losses, known as shrink, were not a factor in testing new self-checkout policies.
Persons: John Mulligan, “, we’ve, Michael Fiddelke Organizations: New, New York CNN, Target, BBC, Walmart, Costco, ” Locations: New York, United States, Britain
☆ Levi Strauss cuts annual forecasts as promotions, wholesale weakness weigh
  + stars: | 2023-10-05 | by ( ) edition.cnn.com   time to read: +3 min
Levi Strauss & Co cut its annual forecasts for the second time on Thursday after missing third-quarter sales estimates, reeling from hefty promotions and falling demand at wholesale channels in North America. Levi has struggled with declining sales at its overall wholesale business, particularly in North America, which has a higher exposure to the middle-income consumer. This has impacted Levi’s sales at retail partners such as Walmart and Target, where prices of its Signature and Denizen lines start just below $30. Analysts have said Levi might have to increase promotions and cut prices if wholesale channel sales continue to worsen, which could pressure its margins further. Levi forecast revenue to be flat to up 1% in fiscal 2023, compared with prior estimate of 1.5% to 2.5% growth.
Persons: Levi Strauss, Nordstrom, Levi, Harmit Singh, “, ” Singh, Singh, ”, Michael Ashley Schulman, Schulman Organizations: Financial, Reuters, Walmart, Target, Running Locations: North America, Americas
☆ How big was Bed, Bath's Beyond? Breaking down the weirdest merchandise of the iconic retailer
  + stars: | 2023-04-26 | by ( Alex Leeds Matthews | ) edition.cnn.com   time to read: +1 min
The rest are spread among other home goods and retail categories, the largest being kitchen and home decor. Smaller categories included pet supplies, which had separate sections for bird supplies and pet furniture covers. The in-person store even has an entire section dedicated to “As Seen on TV” gadgets for the infomercials devotees, like ShamWow! As the company begins closing its remaining 360 Bed Bath & Beyond stores and the coupons expire, there will be deep-discount sales to get the remaining items off shelves. The silver lining: you may be able to finally get that 11-foot solar-powered cantilever patio umbrella or waterproof backseat pet hammock at a low, low price.
☆ If you're waiting for a better time to buy a new car, keep waiting
  + stars: | 2022-10-04 | by ( Peter Valdes-Dapena | ) edition.cnn.com   time to read: +5 min
CNN —Average car prices are shooting higher and higher thanks to continued auto parts shortages. The end result: Don’t expect the car market to return to normal anytime soon. The average car on America’s roads today is over 12 years old, according to S&P Global Mobility. In past years, when the Fed pushed up interest rates, car makers would come out with artificially low interest rate car loans – sometimes even 0% – as a purchase incentive. Car shoppers without good credit are already being forced out of the new car market, said Smoke.
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