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☆ When Sean Combs Was ‘Living the American Dream’
▼ + stars: | 2024-03-28 | by ( Jacob Bernstein | Vanessa Friedman | ) www.nytimes.com time to read: 1 min

Long before he was accused of sexual misconduct in a series of lawsuits, and long before federal agents in military gear raided his homes in Miami and Los Angeles, Sean Combs was unforgivable. That was the name he had selected for his first fragrance, which he sold through a partnership with Estée Lauder. It was promoted as a scent that “exudes the energy, sexiness and elegance of Sean Combs,” and he was supposed to give it a publicity boost in April 2006 by ringing the opening bell of the New York Stock Exchange alongside William Lauder, the Estée Lauder chief executive, and Terry Lundgren, the head of Federated Department Stores. But Mr. Combs didn’t arrive in time for the opening of the market, saying he had been stuck in traffic. So his fellow business titans did the honors without him.

Persons: Long, Sean Combs, Estée Lauder, ”, William Lauder, Lauder, Terry Lundgren, Combs didn’t Organizations: New York Stock Exchange, Federated Department Stores, titans Locations: Miami, Los Angeles

☆ How America’s once great department stores became a dying breed
▼ + stars: | 2024-02-27 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

But department stores, focused on America’s middle class, are fading. The victims of shifting consumer tastes were not the department stores that anchored the local mall, it was the small, locally owned stores along downtown shopping districts that were closing their doors. And possibly even more than the big box competitors, department stores have suffered from consumers shifting to buying items online rather than in person. The steady closing of the department stores that once served as “anchors” of malls across suburban America has been another nail in the coffin of many malls, hurting the department stores that remained in hollowed-out malls with a fraction of their earlier traffic. Saunders said one of the primary problem for Macy’s is that its holding company, formerly known as Federated Department Stores, spent much of its resources on buying other department store brands, such May’s Department Stores, and Filene’s, rather than investing in the stores its held.

Persons: New York CNN —, Neil Sauders, ”, JC Penney, It’s, “, Neil Saunders, Shannon Stapleton, Saunders, ” Saunders, Al Bello, Sunny Zheng, Macy’s, Tony Spring, Taylor, Brian Snyder, Eddie Lambert, Michael Brown, Kearney, ” Brown, Mike Segar, Richard W, Sears, Alvah Roebuck, Sears Roebuck, Bettmann, PhotoQuest, Jack Manning, Frank Scherschel, Owen, Lucille Jagusch, Arlene Hardt, Martin Luther King Jr, Michael Ochs, Ron Frehm, Ralf, Finn Hestoft, Mark Peterson, Seth Meyers, Hugh Jackman, NBCUniversal, Kaylin Wilson, Jim Cole, Rene Johnston, Maria Alejandra Cardona, Scott Olson, Cesar Villasenor, Mel Melcon, Sarah Blesener, Paul Hennessy, Patti Naleck, Naleck, Stacey Wescott, Brown Organizations: New, New York CNN, American, Walmart, Company, Department, Sears, Target, GlobalData, JCPenney, Research, RadioShack, Reuters Sears, Federated Department Stores, May’s, Reuters, Chicago History, Sears Roebuck, Roebuck, Hulton, AP, AP Soldiers, Michael Ochs Archives, Getty, Bettmann, Kmart, Bloomberg, Toronto Star, Reuters Residents, Los Angeles Times, New York Times, Chicago Tribune, Tribune, Service Locations: New York, GlobalData, America, Nanuet , New York, North Redwood , Minnesota, Chicago, El Paso , Texas, Jackson , Mississippi, Tucson , Arizona, Caracas, Venezuela, Niles , Illinois, Morton Grove , Illinois, Baltimore, White Plains , New York, Woodfield , Illinois, Hicksville , New York, Nashua , New Hampshire, Mentor , Ohio, Mississauga , Ontario, Hialeah , Florida, Janesville , Wisconsin, Santa Monica , California, Rockaway , New Jersey, Leesburg , Florida, Schaumburg , Illinois

☆ Jeffrey A. Trachtenberg — Reporter at The Wall Street Journal
▼ + stars: | 2023-09-09 | by ( Jeffrey A. Trachtenberg | ) www.wsj.com time to read: +2 min

Jeffrey A. TrachtenbergJeffrey Trachtenberg covers the book industry and is part of the Journal’s Media and Marketing Bureau in New York. Other topics in Jeff’s coverage have included the popularity of political books, debates over “cancel culture” within publishing houses and other literary trends. Jeff co-authored a 2021 series on the succession drama at Scholastic, following the unexpected death of the children’s publisher’s longtime boss. Jeff has also covered the magazine industry for the Journal, chronicling how giants such as Condé Nast have sought to pivot from a focus on glossy print titles into online publishers. Previously, Jeff covered the retailing, consumer electronics and music industries for the Journal, reporting on such big retail chains as Federated Department Stores and Saks Fifth Avenue, and the music arms of Sony, Bertelsmann and Polygram.

Persons: Jeffrey A, Trachtenberg Jeffrey Trachtenberg, he’s, Barnes, Noble, Jimmy Carter, Philip Roth, J.K, Rowling, Jeff, Condé Nast, Barry, Meredith, Ralph Lauren, Jacqueline Bisset, Kirk Douglas, Lew Wasserman Organizations: Journal’s Media, Marketing Bureau, Scholastic, IAC, Better Homes, Gardens, Federated Department Stores, Saks Fifth, Sony, Bertelsmann, Polygram, Forbes, Franklin & Marshall College Locations: New York, Westchester, N.Y

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