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Search resuls for: "Meyersohn"


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☆ Why it's time to start paying with $2 bills
  + stars: | 2022-09-17 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com   time to read: +7 min
So wouldn't it make more sense to start paying with $2 bills instead? BEP doesn't have to request new $2 bills each year, like it does for other bills. Bad luckThe United States first issued $2 bills beginning in 1862, around the time the federal government first started printing paper money. It's also more efficient to print $2 bills than $1 bills because the Treasury can print twice as much for the same amount of money and requires less storage. In short, he concludes, $2 bills are underappreciated in the United States and a way for strangers to meet and engage.
☆ Wegmans ends self-checkout app after too much shoplifting
  + stars: | 2022-09-16 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com   time to read: 1 min
New York (CNN Business) In 2019, Wegmans, the cult-favorite northeastern grocery chain, rolled out a new mobile app that allowed customers to scan, bag and pay for groceries while they shopped and then skip the checkout line altogether. The app, Wegmans SCAN, promised customers a quicker checkout and also let them see a running total of their purchases as they shopped. This week, the grocer announced that it is ending the app because of rampant shoplifting. "We've made the decision to turn off the app until we can make improvements that will meet the needs of our customers and business." Wegmans did not provide any details on the losses experienced with the app.
☆ Why CVS and Walmart still print photos
  + stars: | 2022-09-10 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com   time to read: +1 min
New York (CNN Business) Many aspects of drug stores and supermarkets feel like they're of another era. CVS CVS Walgreens WBA Walmart WMT In a time when most photos don't leave the confines of a smartphone,, Albertsons and other chains still offer photo prints, greeting cards, books, film processing and other services. Who needs to print photos anymore? Well, there's still demand from some customers: Photo services bring traffic into these retailers' stores, particularly during the peak holiday, graduation and wedding seasons. Around 4.2 billion 4'' x 6" prints alone will be developed at stores this year, he added.
☆ Dollar General’s newest shoppers: People making $100,000 a year
  + stars: | 2022-09-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +2 min
New York CNN Business —Middle-income and wealthier shoppers, pinched by inflation, are shopping more at Dollar General for essentials and discretionary items. Dollar General (DG) CEO Todd Vasos this week said the retail giant has been attracting customers earning $100,000 a year in recent weeks. Inflation has pushed up prices for groceries and gas, and now these shoppers are turning to Dollar General (DG) and others to try to save money. Some of these customers first shopped at Dollar General earlier in the pandemic and have now returned, he added. Dollar General has been a lifeline for lower-income shoppers, particularly in rural areas with few other retail options.
☆ Target's ace CEO will stay on for three more years
  + stars: | 2022-09-07 | by ( Nathaniel Meyersohn | Cnn Business | ) edition.cnn.com   time to read: +1 min
New York (CNN Business) Target chief Brian Cornell — who led a major comeback at the retail chain — will stay on the job for three more years, the company announced Wednesday. Target's TGT Cornell, 63, was approachingmandatory retiring age of 65 for its top executive. Cornell is also the chair of Target's board of directors. The announcement ensures stability at the helm of Target amid one of its worst stretches in years. Walmart WMT Pepsi PEP Cornell, a formerandexecutive, took over as Target CEO in the summer of 2014 when the company was reeling from a massive data breach during the prior holiday shopping season.
☆ It’s not just you. Tommy Bahama beach chairs are everywhere
  + stars: | 2022-09-03 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +5 min
“You see them all over most major coastal beaches during the summertime.”A Tommy Bahama beach chair in Santa Rosa Beach, Florida. Tommy Bahama doesn’t make its chairs and beach goods. Instead, Tommy Bahama licenses its name and design for the beach goods and receives royalties from sales at retailers. So they came up with “‘Tommy Bahama’ because I liked the resonation of the two words together.”The founders had recently left the company, and the country was suffering through the Great Recession, which dragged down Tommy Bahama sales. Correction: Tommy Bahama CEO Doug Wood said the company sells up to two million of its beach chairs a year and 700,000 umbrellas annually.
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