DIRS.INFO The most relevant business & tech news

☆ Adidas terminates partnership with Kanye West
▼ + stars: | 2022-10-25 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Adidas said it will take a €250 million hit ($246 million) to its fourth quarter sales. Adidas has partnered with West since 2013, when the company signed his brand away from rival Nike. In 2016, Adidas expanded its relationship with the rapper, calling it “the most significant partnership ever created between a non-athlete and an athletic brand.”But Adidas put the “partnership under review” in early October after he wore a “White Lives Matter” T-shirt in public. “In the end, Adidas’ action sends a powerful message that antisemitism and bigotry have no place in society.”Shares of Adidas fell about 5% in Frankfurt. Adidas said it will release additional information about the financial implications of dissolving its partnership with Ye in its upcoming earnings report on November 9.

☆ Ye's ugly break-up with Adidas and Gap show the risks of celebrity partnerships
▼ + stars: | 2022-10-25 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

The line also helped Adidas (ADDDF) get shelf space at major retailers and brought new customers into the stores who bought other Adidas (ADDDF) merchandise. Other fashion brands that bet on Ye, including Gap (GPS)and Balenciaga, have also ended their partnerships in recent weeks. The partnership with Ye and subsequent fallout highlights the risks of retail brands relying on celebrities to appeal to shoppers. A 2012 study published in the Journal of Advertising Research found that celebrity endorsements from athletes can increase a brand’s sales by 4%. Instead of pulling the plug on Ye immediately, Adidas’ slow response allowed anger and protests over the brand’s ties to him to grow online for more than a week.

☆ Netball Australia: Gina Rinehart pulls sponsorship in dispute over father's racist comments
▼ + stars: | 2022-10-23 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +11 min

Brisbane, Australia CNN —When Australia’s richest woman Gina Rinehart threw a financial lifeline to Netball Australia, she triggered a debate about sponsorships and the role of social and political issues in the sporting sphere. Donnell Wallam of the Firebirds is a rising star in Australian netball. On Monday, Kathryn Harby-Williams, CEO of the Australian Netball Players’ Association told the Australian Broadcasting Corporation that Wallam had asked for an exemption not to wear the logo and was refused. Netball Australia CEO Kelly Ryan told Nine News the loss of Hancock sponsorship was “disappointing” but a “strong balance” needs to be struck between social issues and funding. “When done well, sport sponsorship is brand transforming for both the sport and sponsor.”

Lululemon is a multibillion-dollar leader in the high-end active wear category that owns and operates 600 stores, 40 of which are located in Europe. Its roots date back to 1998 when it opened as "Lululemon Athletica," a yoga-wear brand geared toward women and yoga enthusiasts. Demand for athletic wear has grown exponentially since those early days, and in 2022 Lululemon continues to lead the way, with its second-quarter revenue soaring 29% year over year. Nevertheless, the company continues to innovate and diversify into different categories and wider tech offerings. Watch the video above to learn more about what makes Lululemon a global leader in athleisure and active wear.

☆ Wonder Bread will have its first-ever float in the Macy's Thanksgiving Day Parade
▼ + stars: | 2022-10-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

Wonder Bread hopes its latest stunt can help. The 101-year-old bread maker will have a float in this year’s Macy’s Thanksgiving Day Parade, marking the first-time ever the kitchen staple has joined the lineup. But we’re also changing and evolving and bringing new things to the consumer every day.”A rendering of Wonder Bread's first-ever float in the Macy's Thanksgiving Day Parade. Wonder Bread will participate in the parade for the next three years with the same design. “It’s a classic brand,” Smith said.

☆ U.S. stocks price in recession risk more than other assets, says Citi
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: +2 min

"No asset class is over pricing the recession risk. But in relative terms, U.S. equities have the most recession risk priced in," a Citigroup team led by Alex Saunders said in a note dated Tuesday, adding earnings estimates had more to adjust. U.S. bonds had priced the least risk of a recession, the Wall Street bank said. "Bonds may have to wait for longer this time around to price recession risk given that the Fed will remain hawkish for longer than typical," the team wrote. Industrials and financials are not factoring in enough recession risk among sectors, Citigroup said, with consumer discretionary the least risk priced in.

☆ What would a Kroger-Albertsons merger mean for grocery prices?
▼ + stars: | 2022-10-17 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

A Kroger-Albertsons merger could reshape the grocery industry. The companies say they will divest hundreds of stores in areas where they overlap to win regulatory approval. Albertsons has higher prices than Kroger and other grocers, analysts say, and they predict Kroger will try to reduce Albertsons prices to be more competitive against discount chains like Aldi. Antitrust advocates say the merger would force out competition and concentrate power among the largest chains, driving up prices. A Kroger-Albertsons merger would spark a fresh wave of mergers and acquisitions as companies seek to keep up, analysts predict.

☆ Retail sales were flat in September as inflation takes a bite
▼ + stars: | 2022-10-14 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Retail sales were flat last month, down from a revised. Retail sales fell 0.4% in July. Excluding sales of automobiles and at gas stations, retail sales rose 0.3%. Sales at clothing stores rose 0.5%, while business at department stores rose 1.3% That indicates a solid back-to-school season but adjusted for inflation, spending was modest, analysts said. AlixPartners predicts holiday sales to be up anywhere from 4% to 7% from last year, which was up 16%, according to its calculations.

☆ How to Reap Tax Breaks from Your HSA
▼ + stars: | 2022-10-14 | by ( Laura Saunders | ) www.wsj.com time to read: 1 min

Health-savings accounts offer remarkable benefits. But the nuts and bolts of using them are often confusing. So it’s no surprise that the last Tax Report, which explored unusual features of HSAs, prompted a flood of reader questions. With open-enrollment for healthcare plans coming soon, many of these questions are worth further attention.

From a broader national perspective, a combined Kroger and Albertsons does not pose any major threat to the competitive dynamics of the market." Kroger said it expects to reinvest about half a billion dollars of cost savings from deal synergies to reduce prices for customers. "The merger will accelerate our position as a more compelling alternative to larger and non-union competitors," Kroger Chief Executive Officer Rodney McMullen said. Goldman Sachs and Credit Suisse were the financial advisors to Albertsons, while Citigroup and Wells Fargo advised Kroger. Kroger will have to pay Albertsons $600 million if the deal is terminated.

☆ U.S. grocer Kroger in talks to merge with rival Albertsons - Bloomberg News
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +1 min

Oct 13 (Reuters) - U.S. grocery giant Kroger Co (KR.N) is in talks to merge with smaller rival Albertsons Companies Inc (ACI.N), Bloomberg News reported on Thursday, citing people familiar with the matter. Shares of Albertsons rose 7% on the report, while Kroger's stock slipped. Kroger, which also houses supermarket chains such as Fred Meyer, Ralphs and King Soopers, trails Walmart Inc (WMT.N), the top grocer in the country. A deal could be reached as soon as this week, Bloomberg reported, adding that no final decision has been taken and talks could still be delayed or falter. Register now for FREE unlimited access to Reuters.com RegisterReporting by Aishwarya Venugopal in Bengaluru; Editing by Shinjini Ganguli and Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Amazon debuts new shopping portal for customers on government assistance
▼ + stars: | 2022-10-03 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN Business —Amazon on Monday launched a new shopping portal called Amazon Access that is designed for shoppers receiving government assistance. Amazon already offers some services for low-income customers, such as discounted Amazon Prime membership. It also accepts Supplemental Nutrition Assistance Program or SNAP benefits for groceries purchased through Amazon Grocery, Amazon Fresh and Whole Foods. Amazon (AMZN) also announced it has renamed its discounted Prime membership to Prime Access. Eligible customers can sign up for the service on Amazon (AMZN) Access.

☆ Meet 15 retail power players revolutionizing the in-store shopping experience
▼ + stars: | 2022-09-29 | by ( Ann Gehan | ) www.businessinsider.com time to read: +2 min

After largely shopping online during the pandemic, people are returning to stores in greater numbers. Shoppers want the best of both worlds: the convenience of e-commerce and the excitement of experiences they can't get online. Now, retailers are balancing services they'd first rolled out as safety measures, like curbside pickup, with personalized shopping experiences and events. Making connections between stores and e-commerce is critical as shoppers browse in a variety of ways for the same transaction. Insider's retail team selected them based on nominations and our reporting on the retail industry.

☆ Amazon puts a second Prime Day sale on the calendar
▼ + stars: | 2022-09-26 | by ( Jordan Valinsky | Cnn Business | ) edition.cnn.com time to read: +1 min

New York (CNN Business) Amazon is adding another Prime Day to the calender. The company announced Monday that the sale, called "Prime Early Access Sale," will take place October 11-12. "Prime Early Access Sale" will be available in 15 countries including Canada, China, France, the United Kingdom and the United States. Walmart WMT Amazon is following its rivals in getting a jumpstart on the holiday shopping season. Launching holiday shopping sales in October will help attract budget-conscious shoppers, according to Neil Saunders, retail analyst and managing director at GlobalData Retail.

☆ Personal finance expert and 'Financial Grownups' podcast host Bobbi Rebell shares her top personal finance books for money security and preparing for retirement
▼ + stars: | 2022-09-24 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +6 min

Rebell, who has previously worked in various reporter roles, specializes in personal finance topics. "I was always fascinated with money — but from a personal finance perspective — so I took the leap to get into financial journalism," Rebell tells Insider. "I found that all of the financial news coverage focused on the economy and the stock market, but I knew there was a place for personal finance," Rebell says. "I was offered the opportunity to write a personal finance column and it really resonated with readers." Here are her four favorite personal finance books that will help you become a smarter investor.

☆ Walmart's not waiting for Black Friday. it's ready for holiday shoppers now
▼ + stars: | 2022-09-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNNBusiness —Halloween is still a month away, but Walmart is ready for Christmas. Walmart on Thursday said it’s getting the ball rolling on its year-end holiday shopping season at its stores and online as early as next month. The retailer said it is also changing its return policy for Walmart and Walmart+ subscription service customers to give this year’s early gift shoppers more time to make returns. Given the company’s status as an industry bellwether, it’s too soon to say whether Walmart’s earlier-than-usual holiday push could trigger other retailers to follow suit. “If there are fewer gift purchases by consumers, expect to see even more holiday promotions than ever.”

Japanese yen and U.S. dollar banknotes are seen with a currency exchange rate graph in this illustration picture taken June 16, 2022. "Japanese households have a thousand trillion in yen deposits. As of June, households had 1,102 trillion yen ($7.7 trillion) in cash and deposits, while private non-financial companies had 325 trillion yen. "There is a risk of what I call capital flight by Japanese households," said Tohru Sasaki, head of Japan markets research at J.P. Morgan Securities in Tokyo. In January 2006, when spreads between U.S. and Japan were at their widest at roughly 440 bps, Japanese households had 1,631 trillion yen of assets.

☆ Gap is laying off 500 corporate employees as challenges mount
▼ + stars: | 2022-09-20 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN Business —Roughly 500 corporate jobs are being eliminated at the Gap, adding to the problems that the beleaguered retailer is currently facing. He added that Old Navy is no longer as strong as it had been in boosting the Gap’s bottom line. “Traditionally, Gap could rely on its Old Navy banner to cover some of the sluggishness in other parts of the business. Gap (GPS) confirmed that it was winding down the partnership in an internal company email that was seen by CNN Business. Shares of the Gap slipped nearly 3% in Tuesday trading, with the stock down 50% for the year.

☆ The House That Botox Built: Ex-Allergan CEO Lists Miami Home for $21.9 Million
▼ + stars: | 2022-09-19 | by ( E.B. Solomont | ) www.wsj.com time to read: 1 min

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Brent Saunders , former CEO of the Botox maker Allergan, is listing his contemporary Miami home for $21.9 million.

☆ Laura Saunders — Reporter at The Wall Street Journal
▼ + stars: | 2022-09-19 | by ( Laura Saunders | ) www.wsj.com time to read: 1 min

Laura SaundersLaura Saunders has long specialized in writing about taxes, first at Forbes and since 2009 for the Wall Street Journal. “Taxes sit squarely at the intersection of economics and politics, with consequences for everybody,” she says. When not writing about the code, she indulges her passion for literature and has published essays on Ralph Ellison, Flannery O’Connor, and Herman Melville. from Sewanee: the University of the South, and an M.A. She lives with her family in New York City.

☆ Kanye West says he’s terminating his partnership with the Gap
▼ + stars: | 2022-09-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

“We wanted to address the headlines of today and the past several weeks related to Yeezy Gap. And we are deciding to wind down the partnership,” Mark Breitbard, president and CEO of Gap Brand, said in the email. As it now moves to wind down the partnership, Gap said existing merchandise from Yeezy Gap will continue to be sold in the company’s stores and its website. West also said that Gap was required to sell 40% of Yeezy Gap products in its retail stores, which hasn’t materialized, according to The Wall Street Journal. “While Kanye could have injected a dose of energy into Gap, the incompatibility of the two visions meant that frustrations were inevitable.

The company can sell existing Yeezy Gap stocks until the sell-off period, the letter said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand. 1/2 Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Ties between West and Gap have been increasingly strained recently. Gap has been struggling to protect margins and pull in sales, blaming inflation and outdated styles at its Old Navy brand.

☆ Brandy Melville employees describe racism, Hitler memes, and sexual exploitation at the 'evil' cult teen brand
▼ + stars: | 2021-09-07 | by ( Kate Taylor | ) www.businessinsider.com time to read: +34 min

According to Brandy Melville employees, CEO Stephan Marsan wants his staffers to be young, thin, pretty, and white. But to secure their spot in the world of Brandy Melville, employees at all levels said they had to endure — and often enforce — Marsan's beliefs. Hollis Johnson/InsiderIn late September 2017, Stephenie Legros, who is Black, was nearing her first anniversary as a Brandy Melville employee. Brandy Melville USA/InstagramSeveral former employees mentioned the behavior of Longo, the brand's top executive alongside Marsan while Brandy Melville gained footing in the US. Brandy Melville USA/Instagram"Every year that goes by, the beauty standard is shifting a little bit," a Black woman who worked at Brandy Melville from 2016 to 2019 said.

Persons: Brandy Melville, Stephan Marsan, Marsan, Luca Rotondo, Rotondo, Rotondo's, texted, Stephan Marsan texted Luca Rotondo, Luca Rotondo Brandy Melville, Bella Hadid, — Brandy, —, It's, Casuals, Mina Marlena, Brandy, gushed, Franco, Sorgi, Scarlett Rose Leithold, She's, Stephan, Franco Sorgi, Brandy Melville's, Brandy Melville Canada's Instagram, Instagram Sorgi, Salvatore Rianna, Yvan Marsan, Stephan's, Rianna, Yvan didn't, Yvan, accroding, Paolo Simeone, YYGM, Simeone, Jessy Longo, Hollis Johnson, Stephenie Legros, Legros, she'd, that's, Hitler, — Marsan, Matteo Centaro, Adriano de Petris, Roberto Tatti, Marsan's, it's, Brandy Melville's Instagram, Longo, Marlena, Brandy Melville Instagram, Naomi Campbell, tickling, Andrea Castagnasso, Castagnasso, She'd, Frédéric Bastiat, John Galt, Neil Saunders, Saunders, Tristram Buckley, Buckley, he's, PacSun, Abercrombie, Goldman Sachs, Michael Light, Brandy Melville doesn't, They're, they'd, Ruqayyah Moynihan Organizations: Business, Bastiat, Employees, Brandy Melville USA, Viterbo News, UCLA, New York, Franco, New York City, YYGM, Bastiat USA, Beach, Miss, Nazi, Geographic, York, New, Santa, Records Locations: Newport Beach, Italian, Newport, American, Melville, Rome, Bastiat USA, United States, Massachusetts, Canadian, Canada, Viterbo, Italy, Westwood , California, California, New, Brandy, New York, Swiss, Ontario, New York , California , Connecticut, Marsan, Brandy Melville's New York, New York City, West, Santa Monica, Hawaii, SoHo, Coachella, Longo, San Francisco, Brooklyn, Los Angeles, Iselin , New Jersey, Europe

☆ O jucătoare rusă de tenis, arestată la Paris, fiind suspectată de trucarea unui meci la Roland Garros
▼ + stars: | 2021-06-04 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

Jucătoarea rusă de tenis Iana Sizikova a fost arestată joi seara la Paris, fiind suspectată că a pierdut în mod intenţionat un meci de dublu feminin, la ediţia 2020 a turneului de Mare Şlem de la Roland Garros, anunţă cotidianul Le Parisien, citat de agerpres.ro, informaţia fiind confirmată de surse judiciare. Le Parisien scrie că agenţii de poliţie s-au lovit de opoziţia agenţilor serviciului de securitate în momentul arestării rusoaicei, a cărei cameră de hotel a fost percheziţionată. Meciul suspectat ar fi, conform publicaţiei pariziene, cel pe care Iana Sizikova şi americanca Madison Brengle l-au disputat împotriva româncelor Andreea Mitu şi Patricia Ţig, în prima rundă a ediţiei de anul trecut de la Roland Garros. "Dacă româncele, considerate favorite, au câştigat în mod logic (7-6, 6-4), suspiciunile sunt legate de cel de-al cincilea ghem al celui de-al doilea set. Iana Sizikova a comis două duble greşeli şi a pierdut un alt punct în timpul acestui ghem", scrie Le Parisien.

Persons: Roland, Ekaterina Alexandrova, Storm Saunders, Le, Madison Brengle, Andreea Mitu, Patricia Ţig, Roland Garros ., Acestea, Sizikova, Le Parisien, Anastasia Potapova Organizations: rusă, Madison Locations: Sizikova, Paris, Roland Garros, Iana, Lausanne

Le Parisien scrie că agenţii de poliţie s-au lovit de opoziţia agenţilor serviciului de securitate în momentul arestării rusoaicei, a cărei cameră de hotel a fost percheziţionată. Meciul suspectat ar fi, conform publicaţiei pariziene, cel pe care Iana Sizikova şi americanca Madison Brengle l-au disputat împotriva româncelor Andreea Mitu și Patricia Țig, în prima rundă a ediţiei de anul trecut de la Roland Garros. „Dacă româncele, considerate favorite, au câştigat în mod logic (7-6, 6-4), suspiciunile sunt legate de cel de-al cincilea ghem al celui de-al doilea set. Iana Sizikova a comis două duble greşeli şi a pierdut un alt punct în timpul acestui ghem”, scrie Le Parisien. Câştigurile sale din carieră se ridică, potrivit WTA, la aproximativ 170.000 de euro.

Persons: Ekaterina Alexandrova, Storm Saunders, Le, Madison Brengle, Andreea Mitu, Patricia Țig, Roland Garros ., Acestea, Sizikova, Le Parisien, Anastasia Potapova Organizations: Madison Locations: Paris, Iana, Lausanne

Search resuls for: "saunders"

25 mentions found