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☆ ‘Apollo Remastered’: New images show moon missions in unprecedented clarity
▼ + stars: | 2022-12-02 | by ( ) edition.cnn.com time to read: 1 min

Saunders' first restored image, released on the 50th anniversary of Apollo 11, provided the world with the first clear picture of Neil Armstrong on the moon. "'The detail in it: we can see his face, you can see his eyelid, it's recognizably him," Saunders said. "That image that I'd always felt was missing from the history books was finally sitting there on my screen and that's when I thought, 'No one's ever seen this in this detail, so I need to share it." NASA / JSC / ASU / Andy Saunders

☆ I visited 2 busy malls in Southern California on Black Friday and saw how Gen Zers and millennials are saving the shopping extravaganza
▼ + stars: | 2022-12-02 | by ( Brittany Chang | ) www.businessinsider.com time to read: 1 min

"Old habits seemed to have resumed after the disruption of COVID-19," Saunders said. "The younger consumer is really powering a lot of that. It's very noticeable in stores that cater to the younger demographic." Brittany Chang/Insider

☆ The incredible true story of the time an astronaut played golf on the moon
▼ + stars: | 2022-12-02 | by ( Jack Bantock | ) edition.cnn.com time to read: +13 min

The resulting creation, a Wilson Staff Dyna-Power 6-iron head, was tucked away in Shepard’s space suit for launch, with a few balls hidden in a sock. “Miles and miles and miles,” the jubilant astronaut remarked as the ball sailed out of his view, swallowed by the infinite blackness of space. What does any of that have to do with an astronaut playing golf on the moon? Saunders believed Shepard’s “miles and miles” remark to have been made tongue-in-cheek, an almost instinctive reflex of his hyper-competitive, “fighter-jock” nature. “We always talk about getting to the moon, landing on the moon, returning back to Earth – that’s how we think of the moon,” Odom said.

☆ Is this the last Christmas for Sears?
▼ + stars: | 2022-11-29 | by ( Chris Isidore | ) edition.cnn.com time to read: +13 min

Easterling was at the Sears in her hometown of Jersey City, New Jersey, one of only 15 full-line Sears stores still open. The two started a catalog business selling watches and jewelry in 1888, incorporating under the Sears Roebuck name in 1893. The Sears catalog was the way many Americans first started to buy mass-produced goods. File photo/AP People shop inside a Sears store in Morton Grove, Illinois, in 1961. AP Soldiers guard a Sears store in Baltimore after riots broke out following the assassination of Martin Luther King Jr. in 1968.

They fired their financial advisor and decided to manage their investments independently. "Investing in index funds had been around for decades but had been cast as a boring, predictable, and lazy approach to investing. While Julien's financial advisor wasn't intentionally malicious, Julien was shocked to learn that his financial advisor wasn't legally obligated to make recommendations in his best interest. That's index funds — kind of boring, but a safer place for your cash over the long run. "When you're investing in index funds, you're betting on the fact that overall a given index will continue to deliver favorable results," the couple writes.

☆ An Agatha Christie play that's been running in London's West End for 70 years is finally coming to Broadway
▼ + stars: | 2022-11-25 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

After 70 years in the West End, The Mousetrap will finally open in New York next year. The Mousetrap's Broadway transfer was announced on Friday to mark the play's 70th anniversary. When it first opened in London, Christie and the original producer agreed that the show would not transfer to Broadway. Spiegel said: "After the longest out-of-town try-out in history, The Mousetrap is finally ready to transfer to Broadway." In her autobiography, Christie recounts a conversation she had with Peter Saunders, the play's original producer, on its opening night in the West End.

☆ Investors in some retail stocks have more than holiday spending to worry about
▼ + stars: | 2022-11-23 | by ( Scott Schnipper | ) www.cnbc.com time to read: +3 min

But what if investors now face another risk from retail stocks? Here's a screen of high-yielding retail stocks, based on last Friday's close: Kohl's, under pressure from activist investors and its shares down 35% in 2022, now yields 6.2%. American Eagle's dividend payout ratio was at 80% vs 33% one year earlier. Gap's dividend payout ratio was 365%, up from 37% a year ago. Target's dividend payout ratio has risen to 54% from 23%, according to FactSet, while its debt-to-equity has ballooned to 153% from 102%.

☆ UK economy is lagging substantially behind other developed nations, OECD report says
▼ + stars: | 2022-11-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

Aaron Chown - Pa Images | Pa Images | Getty ImagesLONDON — U.K. growth has lagged the world's biggest economies since the Covid-19 pandemic and is substantially below the OECD average, according to a new report from the influential Paris-based group. In the G-7 nations — which includes Canada, France, Germany, Italy, Japan, the U.S. and U.K. — GDP has grown by a cumulative 2.5%, with only the U.K. recording a decline. Former Bank of England policymaker Michael Saunders this week told CNBC Hunt's plan had a "massive" hole where an economic growth strategy should be. 'Light at the end of the tunnel'Tuesday also saw the release of the OECD's global Economic Outlook report. Pereira told CNBC: "We are facing a very challenging environment.

☆ Britain's austerity budget had a 'massive' hole which will hurt growth, former Bank of England official says
▼ + stars: | 2022-11-22 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Finance Minister Jeremy Hunt, in his hotly anticipated inaugural Autumn Statement, unveiled a sweeping £55 billion ($66 billion) fiscal plan. "We've spent most of the last 10 years saying that potential output growth is weak because look how far we are below the pre-GFC (Global Financial Crisis) trend, and now we've fallen below even the post-GFC trend." Hunt's fiscal plans include around £30 billion in public spending cuts, the deepest of which were heavily backloaded beyond April 2025, which would be after the country's next general election. "I thought the Autumn Statement just had a massive big hole where a long-term growth strategy should have been," Saunders told CNBC via telephone. "Delaying the public spending squeeze isn't really about trying to improve the long-term growth outlook, it's just about trying to limit the pain of adjusting to a low potential growth outlook."

☆ Gap's slowing sales of baby clothes indicate inflation is deeply hurting families
▼ + stars: | 2022-11-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

New York CNN Business —Customers are pulling back on spending at Gap and Old Navy — particularly in one specific category that shows just how much families are feeling inflation’s pinch. But Gap and Old Navy said Thursday they’re now seeing less spending on babies’ and kids’ items. “Old Navy customers still have a propensity to buy. More than a quarter said inflation motivated those purchases, and half of parents surveyed sold a secondhand item in the kids’ and baby items category. Mercari said parents of kids 2 and under are the most active secondhand shoppers, according to its survey.

☆ Premarket stocks: Get ready for a spending slowdown this holiday season
▼ + stars: | 2022-11-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Retail sales surged by 1.3% in October. What’s happening: Wednesday’s headline retail sales numbers, reported by the US Census Bureau, came in strong, but the momentum is unlikely to continue. These cracks in retail are starting to show just as the sector enters its most critical sales period: The holiday shopping season. The bottom line: This holiday season will likely be a mixed bag with some winners and losers in the retail sector, said Saunders. “We do have to do some tax rises, do some spending cuts, if we’re going to show we’re a country that pays our way,” he told Sky News on Sunday.

☆ Walmart and Target’s quarterly results lay bare the retailers' stark differences
▼ + stars: | 2022-11-17 | by ( Melissa Repko | ) www.cnbc.com time to read: +4 min

Groceries account for 56% of Walmart's annual revenue, compared with just about 20% at Target, according to company filings. More customers turn to Walmart to fill out the bulk of their grocery lists, said Neil Saunders, managing director of retail advisory firm GlobalData. A man pushes his shopping cart past bread for sale at a Walmart SuperCenter store in Rosemead, California. Brown | AFP | Getty ImagesLow prices vs. Fun findsWalmart is known for its mantra of "everyday low prices" and its focus on value has become synonymous with its name. About 21% of sales at Target come from unplanned purchases, according to GlobalData research from before the pandemic.

☆ UK budget: Britain is bringing back austerity. Here's why
▼ + stars: | 2022-11-16 | by ( Julia Horowitz | ) edition.cnn.com time to read: +5 min

The country is staring down the barrel of a grueling recession, and investors remain on edge as interest rates rise. That requires Hunt, who has acknowledged that Britain faces “extremely difficult” decisions, to pull off a delicate balancing act. When the government adopted an austerity program in 2010 on the heels of the Great Recession, it shaved 1% off the country’s GDP, according to the UK budget watchdog. Just four years ago, former Prime Minister Theresa May pledged to bring nearly a decade of austerity to a close. “If we hadn’t had Brexit, we probably wouldn’t be talking about an austerity budget this week.

☆ Walmart earnings: Wealthier shoppers turn to Walmart for groceries
▼ + stars: | 2022-11-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN Business —Wealthier customers pinched by inflation are switching to Walmart for groceries, boosting sales at America’s largest retailer. Walmart is a bellwether of consumer spending, particularly on groceries, which account for more than half of its sales. The company said it is making “strong grocery share gains, including from high-income households.”It’s the latest sign that the highest inflation in decades is altering shoppers’ spending habits, including wealthier customers. Other discount supermarkets and Dollar General (DG) have said they are gaining new, wealthier customers because of inflation. Walmart had to mark down prices on many of these items to entice shoppers to buy, hurting its profit.

☆ Home Depot customers are spending more, but that’s mainly due to inflation
▼ + stars: | 2022-11-15 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +3 min

Now for the bad news: Home Depot lost customers again. The DIY leader said in its third quarter earnings report that the number of customer transactions fell more than 4% from a year ago. Home Depot noted that the average customer ticket was nearly $90, up about 9% from a year ago. “Home Depot is not immune to a tightening economy,” Neil Saunders, managing director of GlobalData, said in a report. “Moving into 2023, the picture becomes more complicated and much depends on the trajectory of the economy,” Saunders said.

☆ Retailers' biggest holiday wish is to get rid of all that excess inventory
▼ + stars: | 2022-11-13 | by ( Melissa Repko | ) www.cnbc.com time to read: +6 min

Investors want a clearer sense of how much excess stuff retailers have sold off — and how deep they may have to discount to keep merchandise moving. Retailers are under pressure to clear out inventory and start fresh in the next fiscal year. Walmart and Target were among the retailers that shocked investors with significant jumps in inventory levels in the first quarter, which ended April 30. Kohl's swung from having too little inventory last year to having ballooning inventory in the second quarter of this year. Excess inventory could downgrade the shopping experience this holiday season at some stores, too.

☆ Gap Inc. launches its store on Amazon
▼ + stars: | 2022-11-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNNBusiness —Gap announced Thursday that it has officially launched its store on Amazon. While shoppers were able to buy Gap merchandise on Amazon previously through third-party sellers, the new partnership with Amazon Fashion marks the first time that Gap itself is selling its products on the online marketplace. The items, available for purchase beginning today on Amazon US and Amazon Canada, include the basics that Gap is known for — hoodies, T-shirts, denim, socks, underwear and sleepwear for adults, kids and infants. Gap (GPS) Inc. said its Amazon store will also include Baby Gap (GPS)-branded items such as nursery furniture, strollers, bassinets and cribs. None of the Gap items are exclusive to Amazon (AMZN), however, and will also be available for purchase in Gap stores and on Gap.com.

☆ Kohl's CEO Gass to leave for top job at Levi Strauss
▼ + stars: | 2022-11-08 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Kohl's Corp (KSS.N) Chief Executive Michelle Gass will step down and take the helm at Levi Strauss & Co (LEVI.N) amid renewed calls from activist investors for management and board reshuffles at the struggling department store chain. Gass came under renewed pressure from hedge funds Macellum Advisors and Ancora Holdings after Kohl's decided in July to remain independent after exploring a sale. The former Starbucks (SBUX.O) executive, who became Kohl's CEO in 2018, will leave in December to become president at Levi's early next year before taking over from long-time boss Chip Bergh within 18 months. At Levi's, Gass faces the challenge of helping the denim maker navigate out of an inflationary environment that has caused a slump in discretionary spending and hit earnings. Kohl's said Tom Kingsbury, a director nominated by Macellum and Ancora last year, will serve as interim CEO from Dec. 2.

☆ Levi's names Kohl's Michelle Gass as next chief executive
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - Levi Strauss & Co (LEVI.N) on Tuesday named current Kohl's Corp (KSS.N) Chief Executive Officer Michelle Gass as the next CEO of the denim maker, succeeding long-time head Chip Bergh. Gass' departure from the struggling department store chain comes as activist investor groups push for management and board reshuffles, including a change of CEO. Gass will leave Kohl's in December to become president of Levi's early next year, and will take over as chief executive within the next 18 months. Kohl's said Tom Kingsbury, a director who was nominated by Macellum and Ancora last year, will serve as interim CEO from Dec. 2. Kohl's forecast third-quarter earnings of 82 cents per share, compared with analysts' estimates of 64 cents, according to Refintiv IBES data.

☆ Kohl’s CEO leaves for Levi’s
▼ + stars: | 2022-11-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Activist groups have pushed Kohl’s (KSS) to spin-off its online business, sell its real estate or take the company private. Michelle Gass is leaving Kohl's for Levi's. “It is fair to say that Gass has saved Kohl’s from more serious decline.”Meanwhile, Levi (LEVI) has grown since it went public again in 2019. Gass will join the company in January as president and take over as CEO within 18 months, succeeding current CEO Chip Bergh, Levi’s said in statement. Gass leaving Kohl’s for Levi’s is symbolic of a larger shift in retail’s power balance.

But rental real estate isn't a part of their long-term plan. The couple also bought a move-in-ready condo in Marietta, Georgia, in 2014 for additional rental income. Below, the six reasons the Saunderses sold their properties, and why they're relieved they weren't landlords at the height of the pandemic. The couple soon started to notice that their creator income surpassed their income from rental properties. Seeing how much they could earn as creators, it just didn't make sense to keep pouring their energy into managing rental properties.

SKIP AHEAD Best scalp acne treatments | Common causes of scalp acne and how to treat itBest and worst ingredients for scalp acneClarifying shampoos help to remove buildup on your scalp, said board-certified dermatologist Dr. Jessie Cheung, MD, and look out for ingredients like salicylic acid. Regardless of which product you use, Cheung noted that you may notice a drying effect “immediately,” but scalp acne can take a few days to heal. Witch hazel and peppermint oil help soothe the scalp and remove excess oil, according to Zeichner, which can improve both flakes and scalp acne. Scalp acne: Common causes and how to treat itTucked under your hair, scalp acne might not be as glaring as a huge zit on your nose, but it’s still a nuisance. The bad news is that if your scalp acne is genetic or hormonal, it's a bit trickier to remedy.

☆ Adidas ends Ye deal over hate speech, costing rapper his billionaire status
▼ + stars: | 2022-10-27 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +4 min

Adidas put the tie-up, which has produced several hot-selling Yeezy branded sneakers, under review this month. "Adidas does not tolerate antisemitism and any other sort of hate speech," the German company said on Tuesday. Forbes magazine said the end of the deal meant Ye's net worth shrank to $400 million. The magazine had valued his share of the Adidas partnership at $1.5 billion. On Tuesday, Gap, which had ended its partnership with Ye in September, said it was taking immediate steps to remove Yeezy Gap products from its stores and that it had shut down YeezyGap.com.

Adidas shutting down its partnership with Kanye West is just the latest shoe to drop surrounding the artist's recent run of controversial public behavior. To Adidas, the reputational cost of maintaining ties with Ye ultimately outweighed those considerations, said Neil Saunders, managing director at the GlobalData Retail research group and consultancy. Adidas will stop the Adidas Yeezy business with immediate effect." Instead, it was likely the growing threat of an international boycott that pushed Adidas to sever ties, said Kenneth Anand, Goldstein's co-author of "Sneaker Law." "So they had to act very fast to sever ties given what had transpired," Anand said of Adidas.

☆ Bed Bath and Beyond names Sue Grove as its new CEO
▼ + stars: | 2022-10-26 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Bed Bath and Beyond has named a new CEO — and investors were selling the stock. The beleaguered retailer has tapped interim leader Sue Gove to the position permanently. It also revealed that sales at stores open for at least a year plunged 26% during its latest quarter ending August 27. Neil Saunders, managing director of GlobalData, said the appointment of Gove is a “sensible and pragmatic solution” because of her knowledge of the Bed Bath and Beyond brand. “In any case, it is our view that Bed Bath and Beyond would have difficulty in recruiting someone from the outside because of both the extreme challenges it faces and the lingering doubts about its long-term survival,” he added.

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