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☆ Dick’s Sporting Goods Blames Theft for Profit Woes
▼ + stars: | 2023-08-22 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

New York CNN —Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons. The retailer reported a large number of incidents of shoplifting and organized retail crime in its stores nationwide. Need and opportunity become forceful catalysts for driving up incidents of retail crime, experts said. According to the National Retail Federation, the industry’s biggest trade group, large-scale store theft is becoming a bigger part of retail shrink.

Persons: Lauren Hobart, can’t, ”, Read Hayes, criminologist, Gucci, – Organizations: New, New York CNN —, Goods, Walgreens, University of Florida, Prevention Research Council, Walmart, Target, National Retail Federation, eBay, Facebook, Westfield, Westfield Topanga Shopping, Nordstrom, FBI, New York Police Department, New York State, Police Locations: New York, Pittsburgh, Los Angeles, Chicago, Westfield Topanga, Burbank , Glendale, Beverly Hills, Santa Monica, New York City

☆ Dick’s shares fall 20% as retailer slashes outlook over theft concerns
▼ + stars: | 2023-08-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDick’s shares fall 20% as retailer slashes outlook over theft concernsCNBC's Becky Quick reports on the company's quarterly earnings results.

Persons: Becky Quick

☆ Options traders position for gains heading into Kohl’s and Dick’s Sporting Goods earnings
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions traders position for gains heading into Kohl’s and Dick’s Sporting Goods earningsThe Options Action traders take a closer look at two retailers reporting earnings soon: Kohl's and Dick's Sport Goods.

Organizations: Dick’s Sporting Goods, Goods Locations: Kohl’s

☆ Camping 101: Things to know before you set out on the road
▼ + stars: | 2023-07-25 | by ( Joe Yogerst | ) edition.cnn.com time to read: +9 min

The downside of car camping is the fact that these campgrounds are often packed to the rafters with other campers. While RV camping may seem like a recent phenomenon, it’s actually been around for more than 100 years. Among the websites that list RV campgrounds and post very useful user ratings are RVshare/Hipcamp, RV Life and Good Sam. Other than maybe car camping, it requires the least expense and equipment. The U.S. Forest Service and Bureau of Land Management has set aside areas for free camping in national forests, national grasslands and BLM-managed lands.

Persons: Millennials, It’s, Pierce, Arrow, Marchi, that’s, Sam, Hemingway, glamping, Joe Yogerst, ” Organizations: CNN, Kampgrounds, Financial, Great Britain Tourism Survey, Goods, Marchi Mobile, Trail, Hollywood, Autocamp, California redwoods, Getty, U.S . Forest Service, Land Management Locations: U.S, Canada, American, Great Britain, Cavan, Germany, Patagonia, Himalayas, South Africa, New Zealand, Europe, Cape Cod, Desert, Glamping, Northumberland, England, Elena, Rio, Big Bend, McCarty, Kenai, Parks

☆ Why Republican lawmakers are going after Target
▼ + stars: | 2023-07-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

In singling out Target, GOP lawmakers and right-wing social media personalities are sending a larger warning to corporate America to roll back recent diversity and inclusion policies, analysts say. Target first began its diversity initiatives 20 years ago and added new policies in 2020. Such efforts to curb gun violence have run into fierce pushback from Republican lawmakers who oppose both gun restrictions and corporations taking on social roles. Now, Republicans are stepping up their scrutiny on companies’ diversity efforts in the wake of the Supreme Court’s decision on affirmative action in college admissions. It is also likely to invite legal challenges to corporate DEI programs, as Cotton’s letter to Target foreshadows.

Persons: ”, Julian Zelizer, isn’t, ” Zelizer, Brandon Bell, Getty Images Arkansas Sen, Tom Cotton, Cotton, Andra Gillespie, “, He’s, Sen, Matt Walsh, George Floyd, “ It’s, Brian Cornell, Bud, They’ve, Chick, Bud Light, Ron DeSantis Organizations: New, New York CNN, Target, Princeton University, CNN, GOP, Walmart, Democratic, Getty Images Arkansas, Republican, Equity, Emory University, Republicans, Twitter, America Corporate America, ”, Disney, Nike, Companies, Florida Gov, America, Facebook, Corporate America, Dick’s Sporting Goods, Citigroup, Black, Fortune Locations: New York, America, Black, Cotton’s, Arkansas, Minneapolis, Emplifi, Parkland , Florida, El Paso , Texas, Dayton , Ohio

☆ Retail crime has hit a bustling Kansas metropolis
▼ + stars: | 2023-07-02 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +12 min

Republican Kris Kobach, Kansas’ attorney general, said retail crime is a “spiraling problem” in his state, adding that Kansas and Missouri are among the top 10 states in the nation for volume of retail crime. “There is a link between drug trafficking and organized retail crime,” Kobach told lawmakers in June. “Organized retail crime is a problem that is getting worse, not better. Organized retail crime offers criminals a business model of pure profit, “with no overhead, rent, product cost. In early June, Kobach testified before a House Judiciary Committee hearing on “Organized Retail Crime and the Threat to Public Safety.”“When one thinks about the explosion of organized retail crime in the United States, the State of Kansas may not intuitively jump to mind,” he told lawmakers.

Persons: They’re, it’s, Coleman, “ I’ve, ”, Casey Slaughter, Kris Kobach, Kobach, ” Kobach, Joe Sullivan, Sullivan, ” Sullivan, Joe Sohm, Cabela’s, shoplifters, ” Cabela’s, Slaughter, “, Marc Bennett, There’s, Harold Casey, Casey, She’s, Poor, John Hanna, don’t, “ That’s Organizations: New, New York CNN, Wichita Police, Kansas, CNN, “, Wichita, Wichita Skyline, America, Sporting Goods, Academy Sports, National Retail Federation, Centers for Disease Control, of Kansas, Scott, Family Services, ”, Walgreens, Public Safety Locations: New York, San Francisco, Chicago, Wichita , Kansas, Kris Kobach , Kansas, Kansas, Missouri, In Kansas, Sedgwick, Wichita, Arkansas Rivers, , Kansas, ”, Kansas . Kansas, Sedgwick County, Ulta, United States, State, But Kansas, “ In Kansas

☆ Supreme Court allows for Louisiana congressional map to be redrawn to add another majority-Black district
▼ + stars: | 2023-06-26 | by ( Tierney Sneed | ) edition.cnn.com time to read: +6 min

CNN —The Supreme Court on Monday allowed the Louisiana congressional map to be redrawn to add another majority-Black district. The appeals court expedited a fuller review of the case, but those proceedings were frozen last summer once the Louisiana officials successfully sought intervention from the Supreme Court. The Supreme Court in late June of last year, took up the case but put it on pause while it decided the challenge to the Alabama map. The state’s opponents countered that the district court in the Louisiana case had decided that the 5-1 map likely violated the Voting Rights Act under the same exact legal test the Supreme Court sanctioned in its Alabama ruling. “Black voters in Louisiana have suffered one election under a congressional map that unlawfully dilutes their political influence.

Persons: “, ”, Steve Vladeck, Vladeck, Shelly Dick, John Bel Edwards, Dick, Robinson, –, Milligan, Abha Khanna, ” Khanna, ” Angelique Freel Organizations: CNN, Alabama, CNN Supreme, University of Texas School of Law, Appeals, Fifth Circuit, Republican, Democratic Gov, Louisiana State, NAACP, Louisiana Republican, Elias Group Locations: Louisiana, Black, Alabama, ” Louisiana

☆ 24 Best Last-Minute Father’s Day Gifts
▼ + stars: | 2023-05-17 | by ( Sarah Grossbart | ) www.wsj.com time to read: +13 min

Father’s Day is June 19 and you’re still empty-handed, and unless you’re 8 years old, it’s no longer cute or acceptable to turn up with a handmade coupon book. For the golfing dadIf your dad is an avid golfer, an upgrade to his typical apparel is a solid gift choice. For the dad who loves long walksIf dad’s shoe collection is looking a little tired, consider a pair of Birkenstocks. And just in time for the big day, you can get a digital gift card delivered right to his inbox. For the dad who’s the life of the partyThe “king of all coolers” is how Los Angeles-based stylist Alison Deyette describes Yeti’s UV-resistant Roadie 24 Hard Cooler, which makes the polyethylene beverage tote a shoo-in for the best last-minute Father’s Day gift.

Persons: Sarah Grossbart, We’ve, here’s, K, Frank Gehry, Madeleine Albright, Condoleezza Rice, you’ll, Royce, that’s, he’s, Alex Mill, it’s, Warby Parker, Stan Smiths, you’re, Nordstrom, Alison Deyette, “ Severance, Lindsay Roberts Schey, Massager, Roberts, —, who’s, Dan Ariely, Idris Elba, Mindy Kaling, ”, Roberts Schey, Deyette, mignon, ribeye, Ogata, Roberts Shey, Madeline Diamond, Leslie Yazel Organizations: Sporting Goods, Ping, Dick’s Sporting Goods, Nordstrom, Boston, Marine, Adidas, Smart, Club, Craft Beer, Duke University, Hulu, Netflix Locations: U.S, inbox, Los Angeles, Kobe

☆ What Bed Bath & Beyond, Toys ‘R’ Us and RadioShack have in common
▼ + stars: | 2023-04-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Staples is “a classic ‘category killer,’ like Toys R Us,” Mitt Romney, then Bain & Co.’s managing general partner, said in 1989. Another category killer fell this week, when Bed Bath & Beyond filed for bankruptcy. Once the go-to stop for everything in customers’ homes, Bed Bath & Beyond was brought down by shopping changes, competition and its own missteps. Founded in 1971 as Bed ‘n Bath as a small linen and bath store, the company changed its name to Bed Bath & Beyond in 1987 to reflect its expanded merchandise selection and built larger superstores. It’s somewhat ironic that there is now nostalgia for Bed Bath & Beyond and other once dominant chains that drove mom-and-pops out of business.

☆ Premarket stocks: CEOs are tired of being held responsible for gun regulation
▼ + stars: | 2023-04-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Dick’s Sporting Goods stopped selling semi-automatic, assault-style rifles at stores and Citigroup put new restrictions on gun sales by business customers after the mass shooting at a high school in Parkland, Florida, in 2018. But Yale professor Jeffrey Sonnenfeld, a vocal advocate of corporate social responsibility who has a direct line to major CEOs around the globe, said that top executives are forlorn. Before the Bell: CEOs have been quiet about gun reform since the latest mass school shooting in Nashville, have you heard anything about plans to speak out? Enough already on saying ‘what are the CEOs doing?’ Social capital is as valuable as financial capital. But don’t these CEOs hold the purse strings in terms of donating to powerful politicians?

☆ Why Corporate America has grown silent on gun violence
▼ + stars: | 2023-03-28 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

Their efforts to curb gun violence have run into fierce pushback from Republican lawmakers that oppose both gun restrictions and corporations taking on social roles. Gun safety advocates say businesses have a civic responsibility to keep their customers and employees safe from gun violence. “Whether you’re a business that works directly with gun manufacturers, sells guns or are a grocery store, gun violence comes to your front door,” he said. “I’m not arguing they need to solve the social issue of gun violence,” Volksy said. “I am arguing they have a business incentive to solve for the cost of gun violence.”

☆ Dick's Sporting Goods beats Wall Street's expectations for holiday quarter
▼ + stars: | 2023-03-07 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

A Dick’s Sporting Goods store stands in Staten Island on March 09, 2022 in New York City. Dick's Sporting Goods on Tuesday reported holiday quarter results that beat Wall Street's expectations, citing a sales boost from the gift-giving season even with inflation-weary consumers. Same-store sales increased 5.3% during the fourth quarter, more than double analysts' estimates of 2.1%, according to StreetAccount. Analysts polled by Refinitiv had expected fiscal 2023 EPS of $12. But the company feels confident it has resolved its supply chain dilemma as it heads into the 2023 fiscal year.

☆ Stocks week ahead: It's hell week on Wall Street
▼ + stars: | 2023-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The unflinching resilience of the US labor market is one of — if not the — greatest source of tension in today’s economy. That means the Fed’s already painful rate hikes are likely to continue until the job market simmers. In just one year, the Federal Reserve has raised interest rates from nearly zero to a range of 4.5% to 4.75% to cool the economy. The labor market is stronger than ever: The US added a shocking 517,000 jobs in January and knocked unemployment down to its lowest level since 1969. If the labor market remains strong, more Fed-induced pain lies ahead.

☆ Last-Minute Valentine’s Gifts (They’ll Never Know You Procrastinated)
▼ + stars: | 2023-02-06 | by ( ) www.wsj.com time to read: +6 min

Or choose a bouquet subscription to remind your valentine of you each time blooms arrive—get 10% off your subscription gift with code BUYSIDESTEMS. Masterclass has more than 180 courses to choose from, so you’re sure to find a great match. Lucky for last-minute shoppers, the candles are available online and for in-store pickup at Nordstrom, so you have time to swing by for one before Valentine’s Day arrives. If your valentine is a yogi, they may enjoy the cushiony, versatile mat that Buy Side named best overall yoga mat. Slippers make an easy Valentine’s Day gift like these unisex grippy slippers—recommended in our selection of best women’s slippers.

☆ Hoka sneakers: Why these chunky, ugly running shoes are selling like crazy
▼ + stars: | 2023-01-31 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

Hoka, which started in 2009 in France as a running shoe for hardcore marathoners, is growing rapidly with casual runners, hikers and weightlifters. “There wasn’t anyone doing what Hoka was doing.”But Hoka carved out a niche in specialty running shops. By 2019, Hoka sales topped $220 million. “We don’t see this as just a running brand,” Deckers CEO David Powers said in October. “This is a running, trail, hike brand that is more like a North Face” than Brooks running shoes.

☆ 19 best white elephant and Secret Santa gift ideas under $50
▼ + stars: | 2022-12-02 | by ( Mili Godio | Mili Godio Is An Associate Reporter For Select On Nbc News. | ) www.nbcnews.com time to read: +11 min

What is a white elephant gift exchange? A white elephant gift exchange — sometimes referred to as a Yankee swap — is a fun holiday activity in which everyone brings one wrapped gift and leaves with a different one. To help even the odds, most white elephant gift exchanges work best when all the gifts align in cost — typically within the $30-to-$75 range. What is a Secret Santa gift exchange? The best white elephant and Secret Santa gift ideasTo help you find the right gift for your white elephant and Secret Santa gift exchanges, we rounded up gift ideas based on our previous coverage and reader interest, all under $50.

☆ Shop Talk: You Just Might Be an ‘Athlete.’
▼ + stars: | 2022-12-02 | by ( ) www.nytimes.com time to read: 1 min

Shop Talk: You Just Might Be an ‘Athlete.’Dick’s started using “athlete” in 2018, according to a spokeswoman, who didn’t explain the reasoning when asked for comment. Anne Curzan, a dean at the University of Michigan who studies the history of the English language, said she thought the company’s use of the term was a “clever strategy to make even the novice athlete feel empowered.”Dick’s is by no means the only retailer that uses a special word to describe its customers.

☆ Some Retailers Are Learning to Love Bulked-Up Inventories
▼ + stars: | 2022-12-01 | by ( Liz Young | ) www.wsj.com time to read: +6 min

Discount retailers Burlington Stores Inc. and TJX Cos. are among those happy to stock up as other merchants look to off-load goods. “Last year, our store inventories were just too lean going into the spring,” Mr. O’Sullivan said on a Nov. 22 call with analysts. The overall retail sector’s ratio of inventories to sales, a measure of how much companies have in stock compared with what they sell, remains tight by historical standards. The ratio for inventories to sales at those stores was 1.54 in September, up sharply from 1.39 in September 2019, according to Census Bureau figures. The company reported inventories rose 44% in the latest quarter compared with the same period a year earlier.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Cyber Monday sales across categoriesTo help you make the most of the shopping holiday, Select compiled some of the best Cyber Monday deals and sales we think you’ll want to know about. Best Cyber Monday 2022 deals across retailersBelow, we’re sharing the best Cyber Monday deals based on our previous coverage and reporting. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Cyber Monday 2022 sales across retailersHere are the best Cyber Monday sales we think you’ll want to know about.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Black Friday salesTo help you make the most of the final Black Friday sales, we compiled some of the best deals and sales that we think you’ll want to know about. Best Black Friday 2022 deals across retailersBelow, we’re sharing the best Black Friday deals based on our previous coverage and reporting. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you’ll want to know about.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Black Friday salesTo help you make the most of the shopping holiday ahead, we compiled some of the best Black Friday deals and sales that we think you’ll want to know about. Best Black Friday 2022 deals across retailersBelow, we’re sharing the best Black Friday deals based on our previous coverage and reporting. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. 4.7-star average rating from 10,600 on AmazonThis cookware set comes with 8-inch and 10-inch nonstick fry pans. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you’ll want to know about.

☆ What's open and closed on Thanksgiving
▼ + stars: | 2022-11-24 | by ( Jennifer Korn | ) edition.cnn.com time to read: +2 min

Many stores that were once open on Thanksgiving have changed policy since the pandemic, shuttering for the day before Black Friday sales. Here are the businesses and institutions that will be open and closed on Turkey Day. We’ll again be closed on Thanksgiving,” Walmart (WMT) US CEO John Furner said in an October interview on NBC. Costco (COST), Home Depot (HD), Nordstrom (JWN), Publix, Sam’s Club, Trader Joe’s and others have been closed on Thanksgiving for many years. As for retail pharmacies on Thanksgiving Day, CVS, Walgreens and Rite Aid will be open with varying hours.

SKIP AHEAD Best deals at Amazon | Best deals at Walmart | Best deals at Target | Best deals at Best Buy | Best Black Friday salesTo help you make the most of the shopping holiday ahead, we compiled some of the best Black Friday deals and sales that we think you’ll want to know about. Best Black Friday 2022 deals across retailersBelow, we’re sharing the best Black Friday deals based on our previous coverage and reporting. 4.5-star average rating from 3,428 reviews at TargetDry, style and add volume to your hair with this tool from Revlon. 4.7-star average rating from 73,237 reviews at TargetOral-B’s Pro 1000 electric toothbrush is one of the best models you can buy. Best Black Friday 2022 sales across retailersHere are the best Black Friday sales that we think you’ll want to know about.

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