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Amex Platinum Card and Amex Business Platinum Card cardholders get many of the same travel benefits. It makes premium cards like the Amex Platinum Card and the Amex Business Platinum Card look downright affordable. Card comparison: Unsurprisingly, there's no comparable benefit on the Amex Platinum Card and Amex Business Platinum Card cards. Card comparison: Once again, the Amex Platinum Card and Amex Business Platinum Card also offer concierge services. Amex Black Card benefits frequently asked questionsHow can I get an Amex Black Card?
Persons: cardholders, Centurion cardholders, Cardholders, Centurion cardmembers, concierges, you'll, Porter, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash Organizations: Business, Express Centurion Card, Card, American Express, Delta Air Lines, Delta, Marriott, Hilton, Intercontinental Hotels Group, ®, Delta SkyMiles, Express, Delta Sky Clubs, Saks Fifth, Saks, TSA, U.S, American, LAX, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Global, Black, Medallion Locations: checkouts, U.S, Canada, Hulu, IHG
Introduction to yearly resetting credit card benefitsTravel rewards credit cards come with all kinds of benefits. The Southwest Rapid Rewards® Premier Credit Card ,Chase Southwest Rapid Rewards® Priority Credit Card, and Southwest® Rapid Rewards® Performance Business Credit Card all earn Tier Qualification Points (TQPs) toward elite status based on spending. Credit card referral bonusesSome credit card issuers reward you with bonuses for referring friends to apply for your specific card or another one from the same bank. Several credit card rewards apps and websites help cardholders track and utilize credit card benefits on time, with varying degrees of success. Credit card annual benefits frequently asked questionsWhat are some common credit card benefits that reset each year?
Persons: Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, cardholders, you've, There's, Chase, hasn't, Overspending, it's Organizations: Business, Hilton, Citi ®, Mastercard, JetBlue, Rapid Rewards, Marriott, Express, American Express, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, TSA, Global, Saks Fifth, Resorts, Hilton Honors, Chase, Dell, Adobe, DC, U.S, Milk Bar, Electronics, Amex Travel, Citi, American Airlines, Rewards, Rapid, Card, Hyatt Credit, Hilton Honors American, Silver Locations: Hulu, U.S
New York CNN —Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. “We’re thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman,” said HBC CEO Richard Baker in a release. Saks has 39 stores, while Neiman Marcus, which filed for bankruptcy in 2020, has 36 stores. Neiman Marcus also owns Bergdorf Goodman. Both of them will report to Baker, who becomes the executive chairman of Saks Global.
Persons: New York CNN —, Neiman Marcus, Bergdorf Goodman, “ We’re, , Richard Baker, Marc Metrick, Ian Putnam, Baker, Louis Vuitton, Michael Kors, ” Neil Saunders, , Amazon, Saunders Organizations: New, New York CNN, New York CNN — Saks Fifth, Saks, HBC, Saks Fifth, Saks Global, HBC Properties, Canadian, Brands, Neiman, Capri, GlobalData, Federal Trade Commission, FTC Locations: New York, Hudson’s, Glendale , California, Columbus , Ohio
In today's big story, we're looking at the mounting pressure President Joe Biden is facing to forgo his reelection campaign . The Clash's 1982 hit could be President Joe Biden's anthem these days as rumors swirl about his reelection bid. Under campaign finance law, the VP is the only candidate who can easily inherit the hundreds of millions of dollars raised by Biden's campaign . Patrick Semansky/AP Photo; BIBiden's first post-debate interview could ultimately decide his fate. In other newsAdvertisementWhat's happening todayA first look at Biden's interview with George Stephanopoulos airs on ABC.
Persons: , he's, Barack Obama, Joe Biden, Win McNamee, Chelsea Jia Feng, Joe Biden's, Biden, Insider's Bryan Metzger, Biden's, Donald Trump, Lloyd Doggett, Raúl Grijalva, Kamala Harris — hasn't, Harris, Patrick Semansky, George Stephanopoulos, Karine Jean, Pierre, CFRA, Berkshire Hathaway, Neil Shearing, Jensen Huang, Justin Sullivan, Rebecca Zisser, Caitlin Clark, Alex Morgan, Hailey Welch, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Labour Party, Business, Democratic, ABC News, New York Times, Trump, Berkshire, Economics, Saks, Saks Global, ABC Locations: New Mexico, Virginia, Biden's, New York, London
CNBC Daily Open: UK Labour landslide election victory
  + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.
Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaks Fifth Avenue parent HBC to purchase Neiman Marcus Group in a $2.65 billion dealStorch Advisors CEO Jerry Storch joins 'Money Movers' to discuss Saks parent company's decision to buy Neiman Marcus, luxury retail's pandemic comparisons to today, and much more.
Persons: Jerry Storch, Neiman Organizations: Saks, HBC, Neiman Marcus, Storch
Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman. "We're thrilled to take this step in bringing together these iconic luxury names," HBC CEO Richard Baker. "This is an exciting time in luxury retail," Baker added, citing technological advancements that can "redefine" the customer experience. Neiman Marcus Group CEO Geoffroy van Raemdonck called the partnership a "proactive choice in an evolving retail landscape."
Persons: Neiman Marcus, Bergdorf Goodman, We're, Richard Baker, Baker, Marc Metrick, Ian Putnam, Geoffroy van Raemdonck, what's Organizations: Saks Fifth, HBC, Saks Global, Saks, HBC Properties, Investments, Neiman
In a deal that shows just how hard things are getting in the luxury retail space, Saks Fifth Avenue's parent is purchasing rival department store company Neiman Marcus for $2.65 billion, The Wall Street Journal reported. Amazon — which has long tried to boost its luxury offerings as part of its "everything store" concept — and Salesforce are getting in on it, too, with both taking minority stakes in the new company, Saks Global. As e-commerce and the power of luxury conglomerates like LVMH and Kering have grown, department stores are facing diminishing returns. If not, rather than schlep back to the department store, why not go straight to the source, the Loewe boutique? It also makes the new company's leader — Marc Metrick, who runs Saks' e-commerce business — a natural choice.
Persons: Neiman Marcus, Taylor, Macy's, Bergdorf Goodman, Porter, Loewe, — Marc Metrick, Louis Vuitton, Gucci, Saint Laurent, Kering, Neimans, They've, Bernard Arnault's LVMH Organizations: Service, Saks Fifth, Street Journal, Saks Global, Loewe, Saks, Dior Locations: New York
Mark Zuckerberg sported a $1,150 Balmain t-shirt on vacation in Ibiza with his wife. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMark Zuckerberg — CEO, chairman, up-and-coming fashion icon? The Facebook cofounder was recently spotted sporting a $1,150 Balmain t-shirt while vacationing in Ibiza, Spain, with his wife, Pricilla Chan, People reported. This story is available exclusively to Business Insider subscribers.
Persons: Mark Zuckerberg, , Pricilla Chan, Zuckerberg Organizations: Balmain, Service, Saks Fifth, Business Locations: Ibiza, Spain
On a recent trip to Japan, I upgraded my flight home from Tokyo to Washington, DC, from economy to premium economy, which the airline calls Premium Plus. Here's why the $300 flight upgrade was worth it. I didn't have that much time to make my connecting flight, so being able to get off the plane quickly was worth the upgrade. Economy seats only have 9-inch screens. I'd pay to upgrade my flight again, especially for long-haul tripsThe $300 upgrade was worth it for my long-haul flight from Tokyo to Washington, DC.
Persons: , Megan duBois Organizations: Service, United Airlines, Business, Saks Locations: Florida, Japan, Tokyo, Washington, DC
Although my Platinum Card® from American Express charges a $695 annual fee, I find it saves me money. That's why it may be surprising to learn that one of my biggest travel game-changers involves spending money with a travel credit card. Like the 41% of Americans with a travel card, I use mine to save money on hotels, flights, and more. Although the $695 annual fee for my American Express Platinum Card seems steep at first glance, it's actually saved me money in the long run. My American Express Platinum Card gives me access to the Centurion LoungeI love enjoying delicious complimentary food in the Centurion Lounge.
Persons: I'm, it's, Emily Hart, Uber, Uber Cash, Cash Organizations: American Express, Uber, American, Disney, ESPN, The New York Times, Fine, Clear Plus, TSA, Saks, Saks Fifth Locations: Hulu, Waikiki, U.S
The following month, 10 men were indicted in Oklahoma, charged with conspiracy to commit wire fraud for allegedly operating a refund fraud service named Artemis Refund Group. A thriving refund fraud marketFor every refund fraud service shut down by law enforcement, swarms of similar groups remain open for business. CNBC viewed several active refund fraud services on encrypted messaging app Telegram, each with thousands of followers. Zoom In Icon Arrows pointing outwards A Google form from an active refund fraud service explaining which stores it targets and how much it charges customers. Zoom In Icon Arrows pointing outwards A refund fraud service claims to have access to Amazon insiders in a Telegram post.
Persons: Stephanie Keith, Noah Page, Page, he'd, Ralph, , Rick Owens, Sajed Al, Ralph Lauren, Uber, Maarej, Chris Black, Amazon, Al, they'd, Rekk, Cyril Noel, Tagoe, Noel, Louis Vuitton, scammers, Reddit, Brittany Allen, Allen, Remi Vaughn, Vaughn, she's, David Johnston, Johnston Organizations: Bloomberg, Getty, CNBC, National Retail Federation, Appriss, Amazon, Page, Riverside Press, Medianews, PayPal, Retailers, Artemis, Walmart, Apple, Nike, eBay, Saks Fifth, DoorDash, Google, MacBook, Mail, UPS, U.S . Postal Service, Al, Rekk, Gucci Locations: New York, Chattanooga , Tennessee, Reddit, TikTok, Eastvale, Michigan, Oklahoma, Chattanooga
Sara Blakely's shapewear brand, Spanx, made her one of the world's youngest self-made female billionaires. Sara Blakely attends the launch of Haute Contour by Spanx at Saks Fifth Avenue in 2009. Two years later, her body-shaping invention went into production and was named one of "Oprah's Favorite Things," making it a favorite of celebrities and everyday customers alike. In 2012, Blakely appeared on the cover of Forbes as the world's then-youngest self-made female billionaire at age 41. Today, at 52 years old, she ranks 22nd on Forbes' list of America's self-made women with a net worth of $1.1 billion.
Persons: Sara Blakely's shapewear, Sara Blakely, Joe Kohen, Blakely Organizations: Spanx, Saks Fifth, Forbes
The hedge fund that owns True Religion is exploring a sale of the Y2K-era jeans brand as it returns to growth and profitability after emerging from its second bankruptcy, CNBC has learned. It's unclear what valuation True Religion is seeking, but it could sell for a mid single digit multiple of its EBITDA, the people said. Farmstead Capital Management, True Religion's owner, has hired Baird to run the sale process. True Religion went public in 2003 and made headlines for its growth and profits. Buckley, who helmed the company during its 2000s heyday and returned in 2019, has transformed True Religion into a leaner machine.
Persons: Baird, Baird didn't, Juicy Couture, Jessica Simpson, Britney Spears, Neiman Marcus, Bloomingdales, Michael Buckley, athleisure, Buckley, Levi Strauss, Levi, Michael Kors, Ralph Lauren Organizations: CNBC, Farmstead Capital Management, Saks Fifth, Religion, Nike Locations: Angeles
He has had a fashion business in New York since the late 1980s, the same decade that Michael Kors and Donna Karan started their namesake lines. From 1999 to 2018, he showed two collections each year, some on the schedule at New York Fashion Week. But Michael Brown, 66, and his brand, B Michael, are not household names. For most of his career, B Michael has focused on made-to-order pieces — some everyday items, and others for red carpets, galas or photo shoots. He describes his aesthetic as “modern day Audrey Hepburn.” Beyoncé, Halle Berry, Whitney Houston, Diahann Carroll, Lena Horne and the jazz singer Nancy Wilson have all worn B Michael clothes.
Persons: Michael Kors, Donna Karan, Michael Brown, Michael, Audrey Hepburn, ” Beyoncé, Halle Berry, Whitney Houston, Diahann Carroll, Lena Horne, Nancy Wilson Organizations: of Fashion Designers of America, New York, Saks Fifth Locations: New York
ORLANDO, Fla. — As rumors swirl over whether Saks Fifth Avenue will acquire Neiman Marcus, Neiman's CEO told CNBC there's "no need" to sell the business, adding it's unlikely to change hands in the next five years. Some people close to the companies have told CNBC a merger between the two is inevitable, and is a matter of when, not if. But Neiman's CEO Geoffroy van Raemdonck said there is currently "no process to sell the company." Eventually, those owners will seek to offload the business, but van Raemdonck said it won't be any time soon. They have not yet received an offer that was large or attractive enough to move the needle, a source familiar with the matter previously told CNBC.
Persons: Neiman Marcus, Geoffroy van Raemdonck, there's, van Raemdonck, Neiman, There's Organizations: Saks, CNBC, Street, Pacific Investment Management, Davidson, Capital Management, Sixth Street Partners, Neiman, CNBC PRO Locations: ORLANDO, Fla, Orlando
A merger of Saks and Neiman could help the chains negotiate better terms with suppliers and allow them to strip out duplicate costs. Photo: ed jones/Agence France-Presse/Getty ImagesSaks Fifth Avenue wants to buy rival Neiman Marcus. But the two luxury retailers can’t agree on the terms of a marriage. This week, Neiman rejected Saks’s most recent takeover offer, which valued the upscale chain at close to $3 billion, according to people familiar with the situation. Neiman objected to the deal’s structure, a significant portion of which wasn’t in cash, some of the people said.
Persons: Neiman, Neiman Marcus Organizations: Saks, Agence France
A merger of Saks and Neiman could help the chains negotiate better terms with suppliers and allow them to strip out duplicate costs. Photo: ed jones/Agence France-Presse/Getty ImagesSaks Fifth Avenue wants to buy rival Neiman Marcus. But the two luxury retailers can’t agree on the terms of a marriage. This week, Neiman rejected Saks’s most recent takeover offer, which valued the upscale chain at close to $3 billion, according to people familiar with the situation. Neiman objected to the deal’s structure, a significant portion of which wasn’t in cash, some of the people said.
Persons: Neiman, Neiman Marcus Organizations: Saks, Agence France
Saks and Neiman Marcus are better together
  + stars: | 2023-12-01 | by ( ) www.reuters.com   time to read: +2 min
The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. REUTERS/Jeenah Moon Acquire Licensing RightsNEW YORK, Dec 1 (Reuters Breakingviews) - Saks Fifth Avenue and Neiman Marcus might be headed down the aisle. The two luxury retailers are in talks to merge, according to the Wall Street Journal on Friday. By joining forces, Saks and Neiman would have more power negotiating with vendors and ability to control costs. Saks and Neiman are destined to match up.
Persons: Marcus, Neiman Marcus, Neiman, Jennifer Saba, Robert Cyran, Aditya Sriwatsav Organizations: REUTERS, Reuters, Saks Fifth, Wall, Saks, HBC, Dallas, Ares Management, Plan Investment Board, Bain, Neiman, X, Barclays, Thomson Locations: New York City, U.S, Canada
“Let’s light it up!” the actress Jennifer Lawrence said on Monday night as she helped to reveal the holiday windows and kick off the annual lights show at Saks Fifth Avenue. As is tradition, onlookers crammed behind barricades near 50th Street as performers — in this case from the Martha Graham Dance Company — flooded Fifth Avenue. Behind them, nearly 300,000 lights illuminated what is described as a “wheel of fortune” installation, which covered 10 stories of the Saks Fifth Avenue New York flagship facade. Ms. Lawrence, a longtime Dior ambassador, gathered alongside other actresses, including Tracee Ellis Ross, Rachel Zegler, Ashley Park, Alexandra Daddario, Lola Tung and Maya Hawke. They packed onto bleachers across the street for the show, which included fireworks launched from the roof of the department store.
Persons: Jennifer Lawrence, Martha Graham, Dior, Christian Dior’s, Ms, Lawrence, Tracee Ellis Ross, Rachel Zegler, Ashley Park, Alexandra Daddario, Lola Tung, Maya Hawke Organizations: Saks Fifth, Martha Graham Dance Company, Saks, Avenue New Locations: Fifth, Avenue New York
BANGKOK (AP) — Shares declined Friday in Asia, with Hong Kong's benchmark retreating on selling of property shares following recent gains. Japan reported its consumer inflation rose for the first time in four months, with big gains in food prices and hotel rates as tourism has soared. Political Cartoons View All 1265 ImagesChinese shares fell back after recent gains driven by expectations of more government support for debt-burdened property developers. On Thursday, European shares edged higher in thin trading. Britain’s FTSE 100 edged 0.2% higher to 7,483.58.
Persons: ” Robert Carnell, Min Joo Kang, Korea's, Germany’s DAX Organizations: , Bank of, ING Economics, Nikkei, CAC, Dow, Nasdaq, Black, Walmart, Saks Fifth, Federal, New York Mercantile Exchange, Brent, U.S Locations: BANGKOK, Asia, Japan, Hong Kong, Shanghai, Australia, Bangkok, Paris
NEW YORK (AP) — Retailers are kicking off the unofficial start of the holiday shopping season on Friday with a bevy of discounts and other enticements. The group has forecast that U.S. holiday sales will rise 3% to 4% for November through December, compared with a 5.4% growth of a year ago. For the holiday 2021 season, sales for the two-month period surged 12.7%. Many retailers had already ordered fewer goods for this holiday season and have pushed holiday sales earlier in October than last year to help shoppers spread out their spending. But retailers said that many shoppers will be focusing more on deals and will likely wait until the last minute.
Persons: Brian Cornell, There’s, , Marc Metrick, Kohl's, Barbara Lindquist, That's, Lindquist, she’ll, , Sensormatic, Marshal Cohen, ” Cohen, , Anne Organizations: , Shoppers, Walmart, Saks Fifth, Saks, National Retail Federation, Adobe Analytics, Adobe, Solutions Locations: Hawthorne Woods , Illinois, Panama, U.S
High risk, High reward: Life Lessons with Lindsey Vonn
  + stars: | 2023-11-15 | by ( Chris Taylor | ) www.reuters.com   time to read: +4 min
[1/2] Olympic gold medalist skier Lindsey Vonn speaks during an interview with Reuters in New York City, New York, U.S., May 17, 2022. After doing that for years – and being the best in the world at it – nothing much fazes Lindsey Vonn. For the latest in Reuters' "Life Lessons" series, she talked with us about how to attack your career with speed, skill and courage. One thing he made sure I understood was that ski racing didn't make any money. Q: Was it difficult to plan a financial life, when you are only paid when you win?
Persons: Lindsey Vonn, Chris Taylor, Lauren Young, Richard Chang Organizations: Reuters, REUTERS, Angel City FC, SAG, Salt Lake, Saks Fifth, Thomson Locations: New York City , New York, U.S, Salt,
Economists polled by Reuters had forecast retail sales would fall 0.3%. Excluding automobiles, gasoline, building materials and food services, retail sales rose 0.2% in October. Data for September was revised up to show these so-called core retail sales rising 0.7% instead of the previously reported 0.6%. Core retail sales correspond most closely with the consumer spending component of GDP. Goods prices rose 0.8% in September.
Persons: Bill Adams, Lucia Mutikani, Chizu Nomiyama, Paul Simao Organizations: Saks Fifth, REUTERS, WASHINGTON, Federal, Comerica Bank, Commerce, Data, Reuters, United Auto Workers, Treasury, Consumer, Labor Department's Bureau of Labor Statistics, Wednesday, PPI, Reuters Graphics, Fed, Thomson Locations: New York City, U.S, Dallas, Commerce Department's
Zoom In Icon Arrows pointing outwards Credit: The Frankie ShopZoom In Icon Arrows pointing outwards Credit: The Frankie ShopWhile a bit more expensive than Zara, they offer more curated products and on-trend, minimalist designs. Zoom In Icon Arrows pointing outwards Credit: IntimissimiSilk and cashmere are sought after because the process to create them takes so long. Zoom In Icon Arrows pointing outwards Credit: MejuriMy must-haves are the pearl-stud earrings ($198) and delicate chain necklace ($148). Zoom In Icon Arrows pointing outwards Credit: Mejuri5. Zoom In Icon Arrows pointing outwards Credit: Uniqlo
Persons: Celine, Max Mara, Zara Zara's, Zara, Uniqlo Organizations: Gucci, Saks Fifth, Uniqlo Locations: Zara, New York City, Paris
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