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☆ TGI Fridays abruptly closes dozens more locations as a reported bankruptcy nears
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Nearly 50 locations of TGI Fridays abruptly closed within the past week, an ominous sign for the chain as a reported bankruptcy looms. According to TGI Fridays’ store locator, the chain has 164 restaurants remaining as of Monday — a sharp decline from the 213 that were open last week. TGI Fridays didn’t immediately respond to a request for comment about the closures, and a list of the affected locations was not released. At the beginning of the year, TGI Fridays had 270 US locations. The closures come amid reports that TGI Fridays is about to file for bankruptcy.

Persons: John Evans, Evans Organizations: New, New York CNN, Bloomberg, Hawthorn Advisors, CNN Locations: New York, California , Ohio, New York , New Jersey, Florida, Missouri, Columbus , Ohio, Buffalo , New York, Beppo

☆ Target releases its cheapest-ever Thanksgiving meal deal
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Target is lowering the price of its Thanksgiving meal bundle, adding to the roughly 8,000 products that have been discounted as it attempts to attract inflation-weary shoppers during the holiday season. Target is the latest major retailer to chop the price of its Thanksgiving meal bundle, joining Aldi and Walmart in a holiday price war. Sam’s Club last week announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products and is delivered already cooked. Food price inflation has moderated substantially during the past year, Consumer Price Index data shows. Gomez said Target customers are buying in bulk to save money, or purchasing smaller items that have cheaper prices compared to their full-sized counterpart.

Persons: Rick Gomez, Dr, Michael Swanson, Gomez, ”, “ Organizations: New, New York CNN, Target, CNN, Aldi, Walmart, Sam’s, of Labor Statistics, Food Institute Locations: New York, Wells

☆ Rao’s will have its first-ever float in the Macy’s Thanksgiving Day Parade
▼ + stars: | 2024-10-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Rao’s Homemade, the fast-growing sauce brand that originated in its namesake Harlem restaurant, is perhaps getting its biggest national exposure to date: a float in the Macy’s Thanksgiving Day Parade. Alan Creveling, Rao’s vice president of marketing, told CNN that the brand’s awareness among consumers lags far behind its entrenched competitors. A rendering of Rao's float in the Macy’s Thanksgiving Day Parade. Courtesy Macy’s Thanksgiving Day Parade“We want people that are unfamiliar with the brand to then get familiar with the brand,” Creveling said. Designing and building the float is about a nine-month process and, as part of the deal with Macy’s, Rao’s float will be featured in the parade for the next three years.

Persons: Peacock, Alan Creveling, Creveling, “, ”, Rao’s, ” Creveling, weren’t, Campbell’s, Andrea Hernández, you’re Organizations: New, New York CNN, Campbell’s, NBC, CNN, Apex Marketing Locations: New York, Harlem, Italian

☆ First lawsuit filed against McDonald’s over its E. coli outbreak
▼ + stars: | 2024-10-24 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —A Colorado man has filed the first lawsuit against McDonald’s relating to its E. coli outbreak linked to Quarter Pounders that, so far, has led to at least 49 illnesses across 10 states, including one death. The lawsuit was filed one day after the US Centers for Disease Control and Prevention issued a food safety alert warning that dozens of people reported eating the Quarter Pounder sandwich at McDonald’s before becoming sick. The lawsuit, a copy of which was posted online by Bloomberg Law, accuses McDonald’s of product liability, negligence and breach of implied warranties. “The McDonald’s E. coli Outbreak will be one of the most significant food poisoning outbreaks this year,” Simon said in a press release. Diced onions and other types of beef patties used at McDonald’s have not been implicated in this outbreak, the FDA said.

Persons: Eric Stelly, Ron Simon, didn’t, Joe Erlinger, ” McDonald’s, Simon, ” Simon, McDonald’s, Taylor Organizations: New, New York CNN, US Centers for Disease Control, Bloomberg Law, Food and Drug Administration, USA, CDC, FDA, Taylor Farms Locations: New York, Greeley , Colorado, Cook County , Illinois, Chicago, McDonald’s, Colorado , Kansas , Utah, Wyoming, Idaho , Iowa , Missouri, Montana , Nebraska , Nevada , New Mexico, Oklahoma, Taylor Farms Colorado

☆ Sam’s Club enters the Thanksgiving meal deal wars with a pre-cooked feast
▼ + stars: | 2024-10-24 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Sam’s Club has now entered the Thanksgiving meal deal wars. Sam’s Club on Thursday announced a Member’s Mark Thanksgiving meal, which feeds up to 10 people for under $100, made up of the warehouse club’s private label products. That follows Aldi, which released its lowest-priced Thanksgiving meal deal in five years, feeding 10 people for $47, or $4.70 per person. That is about $2 cheaper than a similar offer at Walmart, which owns Sam’s Club, which markets a meal to serve eight people for less than $7 per person. Unlike Aldi and Walmart’s turkey dinner, Sam’s Club is also offering to deliver the meal fully pre-cooked, ready to be heated up and served in under two hours.

Persons: Costco’s Kirkland, Butterball, Sam’s Club Myron Frazier, it’s, CNN’s Jordan Valinsky Organizations: New, New York CNN — Sam’s, Sam’s, Aldi, Walmart, Sam’s Club Locations: New York, Ukraine, brussels

☆ Starbucks reveals what an enormous mess its new CEO has to clean up
▼ + stars: | 2024-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that the world’s largest coffee chain is currently brewing in. Surprising Wall Street, the company unexpectedly released its preliminary earnings report Tuesday evening, revealing sales fell – sharply – for the third consecutive quarter. As a result, Starbucks (SBUX) took the extraordinary step of suspending its financial guidance for the rest of the year. Under Niccol, Starbucks is also shifting away from targeting its rewards program members to advertising to attract all customers. Starbucks’ full earnings will be released on October 30.

Persons: Brian Niccol, Niccol, ”, I’ve, we’ve, ” Niccol Organizations: New, New York CNN, Starbucks, Global Locations: New York, United States, China

☆ World Series tickets are the most expensive ever
▼ + stars: | 2024-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Tickets for this year’s highly anticipated World Series between the New York Yankees and Los Angeles Dodgers are set to be the most expensive ever. Tickets for the 2023 Series, in which the Texas Rangers clinched their first championship, cost about $776 on average across five games, TickPick said. The previous most expensive World Series was in 2016 between the Chicago Cubs and Cleveland, when the average ticket cost $1,691. It’s also the first time in more than four decades that the Yankees and Dodgers will meet in the World Series, since a 1981 matchup. The Yankees have won the most World Series championships at 27, while the Dodgers won the World Series four years ago and have won seven championships total.

Persons: TickPick, Shohei Ohtani, Aaron Judge, It’s Organizations: New, New York CNN, New York Yankees, Los Angeles Dodgers, Texas Rangers, Chicago Cubs, Cleveland, Los Angeles —, Dodgers, Yankees, Fox, Fox Sports, Fox Deportes —, TBS, CNN, Warner Bros, AL, Cleveland Guardians, Max Locations: New York, Los Angeles

☆ Goldfish is changing its name to ‘Chilean Sea Bass.’ Here’s why
▼ + stars: | 2024-10-23 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Goldfish crackers are synonymous with hungry kids, but the company is betting that a sophisticated name change could expand that audience. The Pepperidge Farm snack brand is tweaking its name for a limited time to “Chilean Sea Bass,” a more grown-up title, the Campbell’s Company announced Wednesday. So, as a playful reminder, we went ahead and gave our iconic cheddar cracker a new, fun, grown-up name,” Danielle Brown, vice president of Goldfish, told CNN. But the Chilean Sea Bass snacks won’t appear on shelves: Bags featuring the branding are only being sold online beginning Wednesday and just for one week. Pepperidge Farm launched Goldfish in the United States in 1962 initially aimed at adults as a bar snack.

Persons: Gen Z, ”, they’re, ” Danielle Brown, Nate Rosen, Campbell, snacking, ” Rosen Organizations: New, New York CNN, Campbell’s Company, CNN, Express Locations: New York, snacking, Chilean, United States, upstarts, Utah

☆ Denny’s is closing 150 restaurants
▼ + stars: | 2024-10-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Denny’s is closing 150 restaurants over the next year, and the 71-year-old diner chain is mulling a major change to its 24/7 operating hours. A specific list of closing restaurants weren’t immediately announced. Denny’s is targeting “underperforming restaurants” that are weighing down the company’s financial performance, according to Steve Dunn, Denny’s executive vice president and chief global development officer. Since the pandemic, about a quarter of its restaurants have not returned to those around-the-clock hours, so Denny’s is easing up on the requirement for a franchise to do so. Denny’s joins a broader trend of restaurants slashing hours since the pandemic.

Persons: New York CNN —, Denny’s, Steve Dunn, Dunn, ” Organizations: New, New York CNN Locations: New York, weren’t

☆ Target is cutting prices on 2,000 items ahead of the holiday shopping season
▼ + stars: | 2024-10-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Target is slashing prices on more than 2,000 items, marking the second time this year that the retailer cut customer costs as it attempts to attract inflation-weary shoppers ahead of the holiday shopping season. Some prices have dropped effective immediately on a number of items, including home goods, beauty products, food, beverages and toys. In a press release, Target said it “routinely adjusts its prices to remain competitive in markets across the country” and the discounting will continue through December. In May, Target announced it was going to slash prices on 5,000 items but ended up surpassing that number, cutting prices on 8,000 products. However, there’s some good news for stores: Spending at US retailers climbed 0.4% in September from the prior month, according to government data released last week.

Persons: “ Organizations: New, New York CNN, Target, Walmart, Ikea, Aldi, Consumer Locations: New York

☆ Yelp disables comments for the Pennsylvania McDonald’s where Trump served fries
▼ + stars: | 2024-10-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —An influx of Yelp reviews – many of them bogus – of a Pennsylvania McDonald’s that former President Donald Trump visited Sunday, led the review platform to temporarily freeze the franchise’s Yelp page. Some users on Yelp blamed the McDonald’s franchise for allowing Trump to host a campaign event there. McDonald’s was thrust into the political spotlight Sunday when Trump served fries at a Feasterville-Trevose, Pennsylvania, location, even though the chain attempted to distance itself from the stunt. Yelp will flag and temporarily disable reviews on businesses that have received increased public attention. On Sunday, McDonald’s said in an internal memo to employees obtained by CNN that it did not invite Trump.

Persons: Donald Trump, Trump, “, Yelp, “ I’ve, I’ll, ”, McDonald’s, Kamala Harris, It’s, we’ve, ” Noorie Malik, Yelp’s, Derek Giacomantonio, Giacomantonio, Fries, ” CNN’s Jordan Valinsky Organizations: New, New York CNN, Trump, Howard University, User, CNN Locations: New York, Pennsylvania, Trevose , Pennsylvania, Washington

☆ BuyBuy Baby is closing all of its stores – again
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —BuyBuy Baby is once again saying goodbye to its stores less than a year after the bankrupt retailer tried to reopen some locations under a new parent. Baby registries will also remain available on BuyBuy Baby’s website, as well as the usage of gift cards. The brick-and-mortar resurrection of BuyBuy Baby, which once had as many as 120 locations across the United States, lasted less than 12 months. However, BuyBuy Baby dealt with a hesitant consumer, squeezed both by inflationary pressures and larger rivals, like Amazon and Target, that have a tight grip on the sector. Perhaps in an ironic twist, former sister brand Bed Bath & Beyond announced last week it was returning to stores, albeit in a partnership with former rival the Container Store.

Persons: BuyBuy Baby, “, Baby Organizations: New, New York CNN, Bed, Industries, Container, & $ Locations: New York, United States, New Jersey

☆ McDonald’s didn’t give Trump permission to serve fries. It didn’t need to
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —McDonald’s has been thrust into in the 2024 election, gaining particular attention over the weekend when former President Donald Trump served fries at a Feasterville-Trevose, Pennsylvania, location. Although franchise owners have to abide by certain guidelines in their agreements with the parent company, they are free to invite political candidates to serve fries without McDonald’s buy-in. We are not red or blue – we are golden.”The letter was signed by McDonald’s President Joe Erlinger. Still, some McDonald’s customers and employees spoke out against the company after Trump’s visit, criticizing McDonald’s for allowing the Republican presidential candidate to campaign at a restaurant. “He was proud to highlight how he and his team serve their local community and make delicious food, like our World-Famous French Fries,” the company said.

Persons: New York CNN — McDonald’s, Donald Trump, McDonald’s, Trump, we’ve, “, Joe Erlinger, Harris, Derek Giacomantonio, Giacomantonio, Fries, ” Organizations: New, New York CNN, CNN, McDonald’s, Howard University, Republican, Starbucks Locations: New York, Trevose , Pennsylvania, Washington, Israel

☆ The Girl Scouts just approved a controversial decision to avoid ‘dramatic’ cuts
▼ + stars: | 2024-10-21 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

The price increase was approved Saturday at a National Council meeting, where 900 delegates were present to discuss the Girl Scouts’ future. They voted to hike dues to $45 for the 2026 membership year and again to $65 in 2027. Dues will remain at $25 for 2025, which has been the same price for the program for eight years. Membership dues are the Girl Scout’s largest source of revenue, generating $38 million in 2023 from its nearly 2 million total members. “It’s an enormous increase,” said Sally Bertram, a 30-year troop leader with the Girl Scouts of Western Ohio.

Persons: Bonnie Barczykowski, Diane Tipton, ”, Sally Bertram, “ Organizations: New, New York CNN, The Girl Scouts, USA, National Council, Scouts ’, Scout, Girl Scouts, CNN, Girl Scouts of Locations: New York, Girl Scouts of Western Ohio

☆ Butterball is making the worst part of cooking a Thanksgiving turkey much easier
▼ + stars: | 2024-10-18 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Cooking a Thanksgiving turkey presents a host of unique challenges, including making sure it’s not dry, and making sure it’s delicious. But thawing out a multi-pound frozen bird is the first big one. Butterball has a solution with a new frozen turkey that the company says eliminates the hours-long thawing process. This week, the country’s largest turkey producer unveiled a new “Cook from Frozen” turkey that only has two steps to make it, which are unwrapping it and popping it in the oven. Butterball made a “specially formulated” brine that keeps the meat moist during the roughly 5-hour long roasting process.

Persons: Butterball, Cook, it’s, Neil Saunders, ” Saunders, Harris Teeter Organizations: New, New York CNN, GlobalData, CNN, Walmart, Kroger Locations: New York, Turkey

☆ Yellen to warn that sweeping tariffs are ‘deeply misguided’ in swipe at Trump
▼ + stars: | 2024-10-17 | by ( Arlette Saenz | ) edition.cnn.com time to read: +3 min

CNN —Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are “deeply misguided,” would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy. “Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,” Yellen will say, according to excerpts released by the Treasury Department. “But the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China’s industrial overcapacity, also mean we cannot simply draw from an old playbook.”Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. He’s also said he would implement a “100% tariff” on countries that shift away from using the US dollar. “To me, the most beautiful word in the dictionary is tariff,” Trump said at the Economic Club of Chicago on Tuesday.

Persons: Janet Yellen, Donald Trump’s, Trump, Kamala Harris, “, walling, ”, ” Trump, Biden, He’s, John Micklethwait, CNN’s Jordan Valinsky Organizations: CNN, Council, Foreign Relations, Trump, walling America, Treasury Department, Economic, of Chicago, Bloomberg Locations: New York City, Ukraine

☆ Bed Bath & Beyond is returning – at the Container Store
▼ + stars: | 2024-10-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Bed Bath & Beyond is coming back to a physical store near you after going out of business last year. As part of the investment, Bed Bath & Beyond branded kitchen, bath and bedroom products will soon be sold at the Container Store’s 102 locations. In May, the Container Store began a strategic review of its business as it struggles with slumping sales and hasn’t posted a profit in three years. For Bed Bath & Beyond (BYON), its rebirth from a bankrupt physical retailer to an e-commerce giant hasn’t lived up to its expectations. Shares of the Container Store (TCS) soared 40% in premarket trading Wednesday.

Persons: it’s, hasn’t, ”, Marcus Lemonis Organizations: New, New York CNN, Beyond Inc, Container, Overstock.com, “, Inc Locations: New York

☆ Aldi says its Thanksgiving meal prices will undercut Walmart as shoppers search for value
▼ + stars: | 2024-10-16 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Aldi is releasing its lowest-priced Thanksgiving meal deal in five years — and undercutting one of its largest rivals — as inflation-weary consumers shift their shopping habits to more affordable private labels. “With 25% of US households now shopping Aldi, we know grocery prices are still top of mind for customers,” said CEO Jason Hart in a press release. As of August, grocery prices were rising at a pace of 0.9% annually, landing in line with the average increase seen in 2019, according to Bureau of Labor Statistics data. The German company has a low-cost business model and boasts that its prices are up to 50% cheaper than traditional supermarkets. At around 12,000 square feet, its stores are much smaller than a typical US supermarket of 40,000 square feet.

Persons: ”, Jason Hart Organizations: New, New York CNN, Aldi, Walmart, of Labor Statistics Locations: New York, Ukraine

☆ Lufthansa fined for violating 128 Jewish passengers’ civil rights
▼ + stars: | 2024-10-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Lufthansa, Germany’s biggest airline, has been fined a record $4 million for discriminating against Jewish passengers, the US Department of Transportation announced Tuesday. The fine stems from a May 2022 incident in which the airline prohibited 128 Jewish passengers from boarding. The crew said that some passengers obstructed flight attendants in economy class from its on-board food and beverage service, “inconvenienced other passengers” and argued with the crew about wearing masks. The DOT said that Tuesday’s penalty is its largest ever issued by the federal agency for civil rights violations. “No one should face discrimination when they travel, and today’s action sends a clear message to the airline industry that we are prepared to investigate and take action whenever passengers’ civil rights are violated,” said US Transportation Secretary Pete Buttigieg in the release.

Persons: ”, “, Pete Buttigieg, Lufthsansa Organizations: New, New York CNN, Lufthansa, Germany’s, US Department of Transportation, DOT, CNN, American Jewish Committee Locations: New York, Frankfurt, Budapest

☆ True Value declares bankruptcy and sells itself to a hardware rival
▼ + stars: | 2024-10-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday. True Value said its stores will remain open, because they are not part of the bankruptcy proceedings. In bankruptcy court filings, True Value said it faces a significant cash crunch as the housing market stalled and consumers have become far more picky about discretionary purchases like hardware. Bigger rivals like Home Depot and Lowe’s have also been in a yearslong slump since the pandemic boom, but they remain in a significantly stronger financial situation than True Value. Do it Best is a member-owned wholesaler that sells hardware, lumber and other home goods to independent stores.

Persons: ”, Chris Kempa, Dan Starr, there’s Organizations: New, New York CNN, Home Locations: New York

☆ Bath and Body Works apologizes for selling candles that looked like Ku Klux Klan hoods
▼ + stars: | 2024-10-14 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Bath and Body Works has stopped selling a candle that was emblazoned with a winter theme that many commenters online compared to a Ku Klux Klan hood. But many people on social media compared it to the hoods and robes worn by Klansmembers. The cancelled candle has appeared on eBay, however, with one person attempting to sell the candle for $350. Candles are a staple of Bath and Body Works’ collection, which has evolved beyond soaps and lotions. Every year, the retailer rolls out its collection of holiday-scented candles that amount to nearly 40% of its annual sales, according to an analyst.

Persons: ”, “, we’ve, Reddit Organizations: New, New York CNN —, Southern Poverty Law Center, Defamation League, CNN, eBay Locations: New York, United States, Bath

☆ Fisher-Price recalling 2 million infant swings following five deaths
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Fisher-Price is recalling more than 2 million infant Snuga Swings due to a suffocation risk found after reports that five children died sleeping in the device. Fisher-Price is providing a $25 refund to owners who remove those parts, which is available to access on Mattel’s website. Despite that remedy, Richard Trumka Jr., a commissioner of the CPSC, blasted Fisher-Price for not recalling the whole product and said customers should be fully refunded. Fisher-Price has previously recalled other infant swings, including its problem-prone Rock ‘n Play Sleepers. That device was involved in two recalls, including last year when eight infant deaths occurred after its initial 2019 recall.

Persons: New York CNN — Fisher, Price, Snuga, Richard Trumka Jr, Fisher, “, ”, Mattel didn’t Organizations: New, New York CNN, US Consumer Product Safety, American Academy of Pediatrics, Retailers, Target, Walmart, Sam’s, People Locations: New York, United States, Canada, Mexico

☆ 7-Eleven is closing more than 400 locations
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Several hundred “underperforming” 7-Eleven locations across North America are closing, the convenience store announced. Seven & I Holdings, the chain’s Japan-based parent company, revealed in an earnings report Thursday that 444 locations of 7-Eleven are shutting down because of a variety of issues, including slowing sales, declining traffic, inflationary pressures and a decrease in cigarette purchases. A specific list of closing locations wasn’t immediately released. The chain has more than 13,000 stores across the United States, Canada and Mexico, so the number of closures amounts to 3% of its portfolio. Competitors like Wawa and Sheetz are earning higher customer satisfaction scores for their overall offerings, while 7-Eleven ranked way lower, according to a recent survey.

Persons: hasn’t, Neil Saunders, ” Saunders, it’s, Couche Organizations: New, New York CNN, Holdings, GlobalData, CNN, “ Locations: New York, North America, Japan, United States, Canada, Mexico, Wawa

☆ Sealed TikTok court documents show time limit tool effectively did nothing to reduce teen usage — NPR
▼ + stars: | 2024-10-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —A screen-time limit tool on TikTok doesn’t work in limiting teen usage, the company’s own analysis reportedly found, according to in unredacted documents accidentally revealed as part of a major lawsuit. One issue revolves around TikTok’s effects on teenagers scrolling on the app for several hours, which could be harmful to their mental health. Following public scrutiny about the app’s effects on vulnerable people, TikTok released time management tools for users under 18 years old. Friday’s report from NPR and KPR came after the Kentucky Attorney General’s office accidentally filed unredacted versions of its legal filing against TikTok. We provide robust safeguards, proactively remove suspected underage users, and have voluntarily launched safety features.”

Persons: ”, TikTok, “, KPR, Alex Haurek, “ We’re Organizations: New, New York CNN, Kentucky Public, NPR, CNN, TikTok, Kentucky Attorney Locations: New York

☆ Ikea revenue falls after it lowered prices
▼ + stars: | 2024-10-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +1 min

New York CNN —Last year, Ikea slashed prices on roughly 2,000 products to give inflation-weary customers a break. Ikea, the world’s largest furniture retailer, said that it doesn’t have any regrets about prioritizing “lowering the prices” in a $2 billion discount initiative at all of its stores globally. Like its rivals, Ikea gradually hiked prices since the peak of Covid-19 in 2020 as the costs of materials and transport rose. The company’s major discount program last year cut prices on several of its most popular items, like its Billy bookcase. Ikea sold 1.2 billion meatballs for the year, with a company spokesperson telling CNN that it also sold more meals at its cafés.

Persons: Jesper Brodin, Billy bookcase Organizations: New, New York CNN, Ikea, Ikea’s, CNN Locations: New York, Swedish

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