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☆ As Macy's stock struggles, the retailer bets on private brands with more modern looks
▼ + stars: | 2023-07-19 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

NEW YORK — Macy's , the 165-year-old department store chain, is looking for ways to keep up with the newer kids on the block. On Wednesday, it showed off its newest private brand, On 34th, at its Macy's Herald Square flagship. The brand, named after the legacy store's Manhattan location, is made of up of women's clothing and accessories. The department store operator cut its full-year outlook last month, after seeing consumers pull back on purchases of clothing and other items. Some of Wall Street's worries are company-specific, as investors question whether the legacy department store can keep up with shoppers' changing tastes.

Persons: Tony Spring, Jeff Gennette, Nata Dvir, Gennette, Macy's Organizations: NEW, Target, Herald, Consumers Locations: Manhattan

☆ Smoke will keep pouring into the US as long as fires are burning in Canada
▼ + stars: | 2023-07-01 | by ( Alaa Elassar | ) edition.cnn.com time to read: +17 min

Massive fires burning in remote areas – like some of those currently burning in northwestern Quebec – are often too out of control to do anything about. Ed Jones/AFP/Getty Images Smoke from wildfires in Canada shrouds the view of the Statue of Liberty on Friday in New York. Jim Watson/AFP/Getty Images Smoke and haze is seen from the Lincoln Memorial in Washington, DC, on Tuesday, June 27. Matt McClain/The Washington Post/Getty Images Smoke from Canadian wildfires obscures the visibility in Pittsburgh on June 8. Another issue is the increase in the wildfires are caused by climate change, and are simultaneously making climate change worse.

Persons: ” Robert Gray, you’ve, they’re, “ There’s, don’t, ”, Daniel Perrakis, ” Gray, Shiraaz Mohamed, Gray, “, ” Perrakis, Ed Jones, David Dee Delgado, Gary Hershorn, Haze, Gene J, Jim Watson, Megan Smith, Kamil Krzaczynski, Cpl Marc, Andre Leclerc, Drew Angerer, Shannon Stapleton, Ronald Reagan, Saul Loeb, Matt McClain, Emmalee Reed, Hannah Beier, Mandel Ngan, New York City, Timothy A, Clary, Mike Segar, John Minchillo, Shanita Hancle, Seth Wenig, Matt Rourke, Ting Shen, Matt Slocum, Amr Alfiky, John Meore, Leah Millis, George Washington, Peter Carr, Yuki Iwamura, Kareem Elgazzar, Carlos Osorio, Frank Franklin II, Merrily Cassidy, Spencer Colby, Jason Rock, BJ Fuchs, Anne, Sophie Thill, we’ve, it’s Organizations: CNN, Canadian Forest Service, Firefighters, Getty, ” “, Nature Conservancy, Rockefeller Center, North, Corbis, PNC Park, Major League Baseball, Pittsburgh Pirates, San Diego Padres, Traffic, Chesapeake, Lincoln Memorial, USA, People, Canadian Forces, Reuters, BC, Service, Xinhua, Ronald Reagan Washington National Airport, Washington Post, Bloomberg, Capitol, Trade, AP Transit, T, Alberta Wildfire, New, New York City, Getty Images Workers, Citizens Bank, Philadelphia Phillies, New York Yankees, Empire, George Washington Bridge, New York State Thruway, Cincinnati Enquirer, Cape Cod Times, Anadolu Agency, Canadian Press, AP, Wildfire Service, Communications, Space, NASA, Reuters Firefighters, Kamloops Fire Rescue, Shining Bank Locations: Wisconsin, Vermont, North Carolina, Canada, Quebec, Canadian, British Columbia, Alberta, Ontario, Mexico, Costa Rica, Chile, Spain, Australia, New Zealand, South Africa, South Korea, France, AFP, New Jersey, Manhattan, New York, North America, New, Pittsburgh, Stevensville , Maryland, Washington ,, Chicago, Lake Michigan, Mistissini, Ronald Reagan Washington, Arlington , Virginia, Washington, Philadelphia, Elmont , New York, Baltimore, Evansburg , Alberta, Brooklyn , New York, Piermont , New York, Fort Lee , New Jersey, George, West Nyack, New York's, New York City, Cincinnati, Rock Harbor, Massachusetts, Cape Cod, Ottawa, Fort Nelson, Shelburne County , Nova Scotia, Communications Nova Scotia, Shelburne , Nova Scotia, Fort St, John, Kamloops, Shining Bank , Alberta, Lytton

☆ New York City tops world's worst air pollution list from Canada wildfire smoke
▼ + stars: | 2023-06-07 | by ( Emma Newburger | ) www.cnbc.com time to read: +4 min

Smoke from the Canadian wildfires blankets New York City affecting air quality on June 7th, 2023. A man sits at the bus stop with a mask on his face in New York City, June 6, 2023. Selcuk Acar | Anadolu Agency | Getty ImagesMillions of people in the Midwest are experiencing dangerous air quality conditions, with air quality advisories in effect in southeastern Minnesota, parts of the Upper Peninsula of Michigan and areas in Wisconsin. Climate change is increasing the frequency and intensity of global wildfires and air pollution from wildfire smoke is also growing worse. Last year, Stanford researchers found millions of Americans are routinely exposed to wildfire smoke pollution at levels rarely seen only a decade ago.

Persons: Leslie Josephs, Kathy Hochul, Hochul, Eric Adams, Adams, Gary Hershorn, Selcuk Organizations: Federal Aviation Administration, New York's, Newark Liberty International, CNBC New York Gov, Wednesday, Health, CIRA, NOAA, New York State Department of Environmental Conservation, Quality Health, Corbis, Getty, Canada, Anadolu Agency, of, National Weather Service, Stanford Locations: New York City, Northeastern U.S, Kist, York, Canada, York City, Quebec, New York, Herald Square, Manhattan , New York, Minnesota, of Michigan, Wisconsin, Air, New England

☆ Macy’s slashes its full-year outlook even as earnings beat
▼ + stars: | 2023-06-01 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

The Macy's company signage is seen at the Herald Square store on March 02, 2023 in New York City. Macy's shares fell on Thursday, as the retailer slashed its full-year outlook and said it saw sales significantly weaken in late March. Macy's anticipates comparable owned-plus-licensed sales will fall 6% to 7.5% during the period, worse than its previous outlook of a 2% to 4% decline. Comparable sales on an owned-plus-licensed basis dropped 7.2% for the quarter, worse than the 4.7% drop expected by analysts surveyed by Refinitiv. Gennette said Macy's sales have gotten hit as customers' budgets are squeezed.

Persons: Jeff Gennette, Macy's, Gennette, we're Organizations: Herald, CNBC, Refinitiv, Macy's, Revenue, Sales, Nike Locations: New York City, Bloomingdale's

☆ This is the best off-price retailer to own in this shaky economic environment
▼ + stars: | 2023-05-03 | by ( Paulina Likos | ) www.cnbc.com time to read: +6 min

Analysts at a major Wall Street research firm see multi-year growth and share gains ahead for off-price retailers. Under this scenario, lower-income consumers will choose to spend their money at off-price retailers. The analysts like Ross Stores (ROST) best, and called Burlington Stores (BURL) high-risk, high-reward, with a multi-year turnaround story. Bank of America, in a note this week, emphasized that the off-price retailers, including TJX, will be eager to take over the additional closed Bed Bath & Beyond locations. Bottom line We're encouraged to hear from Bernstein that lower-income consumers might be ready to spend more at off-price retailers, leading the analysts to say they would view "Q1 off-price weakness as an entry point" into the stocks.

☆ A CVS in New York City is turning to specially trained dogs to combat rampant shoplifting
▼ + stars: | 2023-02-23 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Retailers across the US are fighting an increase in store theft. In New York City, one non-profit retail trade group has started using dogs to combat the problem. The 34th Street Partnership launched the program in partnership with Stapleton Security Services this month at a local CVS. In an emailed comment to Insider, the 34th Street Partnership Ward said the firm has "initiated the canine patrol as a pilot project and will evaluate its efficacy as it continues. Nationwide, retail theft has become a $95 billion problem for the industry, according to the National Retail Federation's most recent Retail Security Survey.

☆ Christmas vacations: 15 of the best places to go
▼ + stars: | 2022-12-03 | by ( Cnn Staff | ) edition.cnn.com time to read: +13 min

The Bath Christmas Market has a multitude of wooden chalets selling distinctively British handmade crafts in a quaint Georgian setting. Bogotá, ColombiaA woman dressed as Santa Claus sits next to a Christmas tree and a Christmas star at Bolivar Square in Bogota. Salzburg and Oberndorf, AustriaThe Christmas Market and associated festivities in Salzburg are really something to sing about. Dating back to 1570, Strasbourg claims to be the oldest Christmas market in France and one of the oldest in Europe. damianalmua/Adobe StockThe traditional Christmas colors of red, green and white take on an entirely new meaning in New Zealand.

Persons: CNN —, Santa Claus, Claus, ”, Allan Baxter, Jesus, Jane Austen, Jane Austen Centre –, Austen, Melchior, Gaspar, Balthazar, Roy Rochlin, Bergdorf Goodman, Wangari Maathai, Fernando Vergara, “ Ruta, John’s, Miguel de Allende, Mary, Joseph, “ posada ”, Mozart, White Organizations: CNN, Bath Abbey, Jane Austen Centre, The, Royal, Catholic, Rockefeller, Getty Images Rockefeller, New York, Radio City, Columbus Circle, Fashion’s, Saks Fifth, Macy’s Herald Square, Kenyan, Park, Nuremberg, Toy Museum, Bolivar, Downtown, Malta Toy Museum, Quebec City, Adobe, Nord Expe, Mexico Piñatas, UNESCO, ”, Santa Locations: England, Philippines, Rovaniemi, Lapland, Finland, Santa, Bethlehem , Pennsylvania, Philadelphia, New York City, Bethlehem, Moravian, Bath, “, Fernando , Philippines, Asia, San Fernando, Catholic Philippines, Manila, of Bethlehem, Barcelona, Spain, Santa Eulalia, New York City New York, Central Park, Macy’s, Nairobi, Kenya, Nuremberg, Germany, German, Bogotá, Colombia, Bogota, Christmastime, Malta, Downtown Valletta, Quebec City, Canada, Petit Champlain, Quebec, Old Quebec, Sentier, Nord, Miguel, Mexico, posadas, ponche, Piñatas, Salzburg, Oberndorf, Austria, ” Salzburg, Bavaria, Strasbourg, France, Europe, Queenstown , New Zealand, New Zealand, Queenstown, Wakatipu

☆ Inflation? Recession? Starting Black Friday, holiday shoppers are planning to spend
▼ + stars: | 2022-11-25 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +6 min

"People are pretty consistent on how much they expect to spend on holiday shopping," said Laura Wronski, senior manager of research science at Momentive. The survey results reveal the consumer divide in the economy, with spending concerns more prevalent at lower income levels. 1 shopping holiday The survey has consistently found that the hype around shopping holidays is often higher than the actual excitement among consumers. 1 shopping holiday that Americans say they will spend on. One in five (21%) are "most excited" to go shopping on Black Friday, almost double the consumers planning to shop on Cyber Monday (12%).

☆ Hops Dealer Tom Gimbel Supplied Brewers Around the World
▼ + stars: | 2022-10-30 | by ( James R. Hagerty | ) www.wsj.com time to read: 1 min

When Louis S. “Tom” Gimbel III was a boy, his father’s side of the family ran the Gimbels department-store chain, including a huge store at Herald Square in Manhattan. His mother’s family brewed Rheingold beer and traded in hops. After graduating from Yale and serving in the Air Force, Mr. Gimbel chose hops over retailing. He joined the family’s S.S. Steiner Inc. in the 1950s, took a crash course in brewing, moved into sales and by the late 1960s, was running the company with his younger brother, Stinor. He later bought his brother’s stake and ran the company on his own.

☆ The story of Cookies: How a former Wendy's employee turned a popular weed strain with a controversial name into a $1 billion empire
▼ + stars: | 2022-06-08 | by ( Ben Gilbert | ) www.businessinsider.com time to read: +9 min

America's first $1 billion weed brand is here, and it's named Cookies. It's a company that he says is now worth at least $1 billion — the world's first legal $1 billion weed brand. From a logo on a hoodie to a billion-dollar companyThe inside of the Santa Ana, California, Cookies marijuana dispensary. He described this time period, between 2010 and 2018, when the first Cookies retail store opened, as a lengthy learning experience. Though he's repeatedly been offered millions of dollars for his majority stake in Cookies, Berner has thus far refused to sell.

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