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☆ LeBron James, Kevin Durant and other big names invest in Fanatics lifestyle brand Mitchell & Ness
▼ + stars: | 2022-10-25 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Some of the biggest names in sports and entertainment are investing in Fanatics' lifestyle clothing brand, Mitchell & Ness. The new owners said they plan to make Mitchell & Ness "the most diverse and culturally relevant consumer brand" through their influence and status as tastemakers. Mitchell & Ness is a true classic," he said in February. "I'm proud to play a small role in bringing it back, and in some cases, introducing the authenticity and quality of the Mitchell & Ness brand to a new generation," he added. In June, Mitchell & Ness signed a rights deal to manufacture products for all 32 NHL teams.

☆ I went inside hot shoe brand Brooks' R&D lab where it's rolling out top-secret 3D printed sneakers that promise to fix every runner's flaws
▼ + stars: | 2022-10-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

DeSimone said mass customization with 3D technology should be available within the next few years. An Adidas Ultraboost shoe made with more traditional foam retails around $190, but the company's 3D technology starts at around $200. "3D shoes have been pretty limited so far in terms of sales," said Matt Powell, senior industry analyst for the NPD Group. "We have dreamed about the opportunity to put Run Signature to work for runners in a big way," Caprara said. The new 3D shoe, which features a sock-like upper and a sole that looks like a series of spiderwebs, will be released next year.

☆ Fanatics Hires Finance Chief for Its Sports-Betting Division Ahead of Planned Launch
▼ + stars: | 2022-10-18 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

Sports-merchandising company Fanatics Inc. has picked a finance chief for its sports-betting and gambling division ahead of its planned launch early next year. Ms. Ellis will report to Matt King, the division’s chief executive. Mr. King joined Fanatics last year from rival FanDuel Group, where he was CEO. Photo: FanaticsAs CFO of the sports-betting unit, Ms. Ellis will be responsible for helping the business get off the ground. Fanatics declined to share financial forecasts for its sports-betting division, which doesn’t currently generate revenue.

☆ A merger with Albertsons could bring Kroger's tech initiatives, like automated warehouses and smart carts, to over 5,000 locations
▼ + stars: | 2022-10-17 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +13 min

Kroger is building its own tech infrastructure, including automated warehouses for delivery orders. Here are Kroger's biggest e-commerce and technology initiatives:A ClusterTruck ghost kitchen inside a Kroger in the Midwest. The delivery-focused ghost kitchen touts a Cheesecake Factory-inspired menu of 80 to 100 food items. Over the last few years, ClusterTruck opened locations inside Kroger stores in Indiana and Ohio. Another partnership, this one with the autonomous-car startup Nuro, has stationed self-driving vehicles to deliver grocery orders in certain cities since 2018.

☆ How a 26-year-old was able to quit his corporate job just 7 months after finishing college and hit millionaire status by age 25 by growing his 'infinitely scalable' side hustle into a 7-figure venture
▼ + stars: | 2022-10-15 | by ( A.J. Cohen | ) www.businessinsider.com time to read: +11 min

Berman said that digital products are great for passive income and are 'infinitely scalable.' He said real estate has been lucrative but it is much more work than digital products. When Cody Berman, 26, graduated from college four years ago, he got a high-paying job in commercial real estate lending. At the time he quit his job, Berman was only making between $1,200 and $1,500 per month from his digital products side hustle and other freelance work. In addition to the equity in his properties, Berman also has over $550,000 invested in the stock market, according to documents reviewed by Insider.

☆ In the college sports pay era, female athletes are emerging as big winners
▼ + stars: | 2022-10-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

At a time of increased scrutiny about the pay gap between male and female athletes, the Nike deals show that female collegiate and amateur athletes are emerging as winners in the early days of the NIL era. "I think most people knew that women athletes in particular were going to see great opportunities," Rishe said. "That's why it's exciting to see, but not surprising to see a lot of female college athletes solidify various and sometimes lucrative NIL deals." Women's social media presence influences dealsClark ranks as the tenth most profitable college women's basketball player and Jones comes in twelfth, according to On3's "College Women's Basketball NIL Rankings." Female athletes already are doing their part in spreading the message about the future of women in sports and as public figures.

Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors. In late August, Bed Bath got some relief by securing more than $500 million of new financing, including a $375 million loan. According to former company executives, Bed Bath has had strained relationships with suppliers — and could face a repeat of two Christmases ago, when it did not have several hot products from well-known national brands.

☆ Bed Bath & Beyond reports 28% drop in sales as it presses ahead with turnaround plan
▼ + stars: | 2022-09-29 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

A person enters a Bed Bath & Beyond store on October 01, 2021 in the Tribeca neighborhood in New York City. Bed Bath & Beyond on Thursday said sales plunged by 28% in the fiscal second quarter, as the home goods retailer struggled to draw customers. It also announced cost-cutting measures, including layoffs and closing about 150 Bed Bath & Beyond stores. She said Bed Bath is "confident that our current liquidity will enable the necessary changes we are implementing." Bed Bath faces several significant challenges, including mounting debt, vacant leadership roles and tense relationships with vendors.

☆ Kroger is doubling down on its subscription delivery business as it weans itself off of Instacart. Here's a rundown of its other initiatives, from ghost kitchens to smart carts
▼ + stars: | 2022-09-26 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +12 min

Here are Kroger's biggest e-commerce and technology initiatives:A ClusterTruck ghost kitchen inside a Kroger in the Midwest. ClusterTruckGhost kitchensIn December 2019, Kroger began improving its prepared meals offering by partnering with ghost kitchen startup ClusterTruck. The delivery-focused ghost kitchen touts a Cheesecake Factory-inspired menu of 80 to 100 food items. Over the last few years, ClusterTruck opened locations inside Kroger stores in Indiana and Ohio. But the firm, which tracks where consumers shop, said Kroger stores with the ghost kitchens are seeing an uptick in visits compared to neighboring Kroger branches.

☆ Retailers Face Pressure to Offer Discounts While Battling Inflation
▼ + stars: | 2022-09-23 | by ( Kristin Broughton | ) www.wsj.com time to read: +7 min

Retailers and their finance chiefs are facing a challenge balancing consumer expectations for discounts and the need to keep raising prices to offset high inflation. With more discounts available and additional inventory being sold through off-price retailers, consumers are expecting to find good deals when they go shopping, executives said. Last month, the average discount at such retailers was 16%, up from 15% a year earlier, UBS said. That is prompting competitors—including those that don’t have too much inventory—to fine-tune their pricing strategies, offering discounts to stay competitive even as they grapple with higher costs. The company’s operating margin fell to 15% from 18.1% a year earlier, according to FactSet, a data provider.

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.

☆ Here are Thursday's biggest analyst calls: Amazon, Eli Lilly, Bed Bath & Beyond, Nike, Exxon & more
▼ + stars: | 2022-09-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it's bullish on the company's weight loss drug and sees upside potential. Morgan Stanley reiterates Amazon as overweight Morgan Stanley says the company's fulfillment network is the next great catalyst for Amazon shares. "The cybersecurity industry comprises what we see as five main pillars: identity, endpoint security, data security, network security, and cloud security. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley says it sees an attractive risk/reward after meeting with company management. Morgan Stanley reiterates Meta as overweight Morgan Stanley says that reports of Meta cutting costs could prove to be an earnings tailwind.

☆ Almost 300 Home Depot workers vote to unionize in Philadelphia
▼ + stars: | 2022-09-20 | by ( Áine Cain | ) www.businessinsider.com time to read: +1 min

Home Depot employees based in Philadelphia have filed a petition to unionize. The union is listed as "Home Depot Workers United." A National Labor Relations Board filing stated that the 274 workers are all based around Philadelphia. —Daily Union Elections (@UnionElections) September 20, 2022The union is listed as "Home Depot Workers United." According to the Teamsters, those workers were "the first Home Depot employees to join the union."

☆ Get ready to pay more for makeup as inflation hits the cosmetics aisle
▼ + stars: | 2022-09-17 | by ( Lakshmi Varanasi | Andy Kiersz | ) www.businessinsider.com time to read: +3 min

Cosmetics prices rose by 2.3% between July to August 2022, according to market research firm NPD Group. Changes in cosmetics prices over the past five years based on data from the consumer price index via U.S. Bureau of Labor Statistics. Andy KierszMaria Salcedo, senior vice president of merchandising for national beauty chain Ulta, said demand for cosmetics remains strong, despite price hikes. "Consumers continue to adjust to inflation pressures by spending thoughtfully on what's valuable and important to them, including beauty," Salcedo told Insider by email. During the recession of 2001, Leonard Lauder, heir of makeup mogul Estee Lauder, is said to have coined the term "Lipstick Index."

☆ Expedia Poaches CFO From Home-Retailer Williams-Sonoma
▼ + stars: | 2022-09-14 | by ( Mark Maurer | ) www.wsj.com time to read: +3 min

Expedia Group Inc. hired a new finance chief, a move that comes as the online travel company works to build out its direct-to-consumer offering. He also plans to stay on as chair of the supervisory board of directors of Trivago N.V. , which is majority-owned by Expedia Group, the company said. Photo: Expedia Group Inc.Ms. Whalen most recently served as CFO at San Francisco-based home-products retailer Williams-Sonoma Inc., a role she has held since 2012. Also on Wednesday, Williams-Sonoma named Jeff Howie, the company’s executive vice president and chief administrative officer, as Ms. Whalen’s successor. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team.

☆ There's bound to be legal drama when Batman and Superman enter the public domain in coming years — but experts caution there's 'no precedent' for the thorny issue
▼ + stars: | 2022-08-25 | by ( Travis Clark | ) www.businessinsider.com time to read: +5 min

After the next decade, though, DC characters like Superman and Batman will enter the public domain. In the case of Superman, Batman, and Wonder Woman, they made their first published appearances in 1938, 1939, and 1941, respectively. Therefore:Superman would enter the public domain on Jan. 1, 2034. There are similar cases to DC's future public-domain fightWhile there's no precedent on par with what could transpire from these DC characters being in the public domain, there are similar cases. "Steamboat Willie," the first iteration of Mickey Mouse, is set to enter the public domain in 2024.

☆ 5 mother-daughter business duos share advice for growing 6- and 7-figure companies together
▼ + stars: | 2022-08-10 | by ( Alexandra York | ) www.businessinsider.com time to read: +2 min

Insider spoke with five mother-daughter duos about starting businesses together. Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox. "When you're running a business, it's your mom's livelihood too," said Marcy Vieau-Goetz, an owner of Chocolate Inspirations, an artisan chocolate shop. "That makes it a little bit more scary, but it also makes you more determined — it gives you that extra pull." They shared how they're scaling six- and seven-figure businesses, their advice for sticking to family values, and managing work responsibilities with someone you love.

☆ How a 27-year-old country-music star making up to $75,000 a month in streaming royalties got his start on TikTok
▼ + stars: | 2022-02-03 | by ( Matt Craig | ) www.businessinsider.com time to read: +11 min

Spencer Crandall is a country-music artist who got his start primarily on TikTok. Thanks to relentless posting, he's attracted a wide audience of fans to promote his tour. He's an independent artist, not signed to any record label or publishing deal. He said his relentless promotional strategy included posting three to five TikTok videos most days; posting daily on Facebook, Instagram, and Twitter; and maintaining a YouTube channel and a podcast. Through sheer force of will he's built large followings — more than 2.2 million on TikTok — and converted those audiences into fans.

☆ YouTuber Tana Mongeau's new manager discusses his plan to take her from internet star to mainstream celebrity, among clients like Scott Disick and Ray J
▼ + stars: | 2021-07-26 | by ( Kat Tenbarge | ) www.businessinsider.com time to read: +5 min

After parting ways with her longtime manager, YouTuber Tana Mongeau signed with David Weintraub. Tana Mongeau's new manager is ready to make millions. "Tana is still a 23-year-old young lady but she is extremely savvy," Weintraub told Insider. Tana Mongeau is "Cancelled" on her new podcast produced by David Weintraub Entertainment and the Paragon Collective. According to Weintraub, Mongeau was in a "dark place" before they met, in large part because of what Weintraub described as exploitative management.

☆ (video) „Am o știre bombă.” Cele mai folosite fraze din redacția #diez au fost transpuse pe ecobag-uri, stickere și măști
▼ + stars: | 2021-07-03 | by ( Onixmedia Srl | ) diez.md time to read: 1 min

„Nu-mi tăiați aripile”, „Ăștia de la # iar au fumat ceva” sau „Am o știre bombă”. Timp de opt ani de activitate, fiecare membru și membră a echipei #diez și-a lăsat amprenta în vocabularul redacției. Pentru că vrem să-ți fim și să ne fii mai aproape, ne-am propus să te invităm să faci parte din familia noastră. Acum, ne lansăm propria linie de merchandising, cu cele mai folosite fraze din redacția #diez. Deja de câțiva ani visăm să avem propria linie de merchandising pentru a putea fi mai aproape de urmăritorii și urmăritoarele noastre, și iată că dorința noastră s-a materializat.

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