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☆ Dick's shares fall 20% as retailer slashes outlook over theft concerns
▼ + stars: | 2023-08-22 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Dick's now expects earnings of $11.33 to $12.13 per share for the year, compared to a previously issued guidance of $12.90 to $13.80. During the quarter, Dick's used promotions to offload inventory from the category. Overall, inventories were down about 5% in the quarter compared to the year ago period. While the quarter is a bit rough compared to Dick's usual reports, the retailer is still holding on to its pandemic-gains. Same store sales were up 1.8% in the quarter, compared to down 5.1% in the year ago period, and were driven by a 2.8% uptick in transactions.

Persons: Dick's, Lauren Hobart, Ed Stack, It's, We've, Stack, CNBC's Courtney Reagan Organizations: Sporting Goods, Refinitiv, CNBC

☆ Dick's Sporting shares slide as costs, inventory shrink slam annual profit outlook
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +2 min

Aug 22 (Reuters) - Dick's Sporting Goods shares (DKS.N) slumped as much as 24.5% on Tuesday as the footwear retailer slashed its full-year profit target after missing expectations for the second quarter. A shopper browses merchandise at a Dick's Sporting Goods store in Collegeville, Pennsylvania U.S. November 20, 2020. REUTERS/Mark Makela Acquire Licensing RightsRetailers including Dick's Sporting Goods have been trying to find ways to cut costs as margins take a hit from soaring supply chain and labor expenses. On an adjusted basis, the company expects to earn $11.50 per share to $12.30 per share for the full year. Dick's shares were trading at $111.14 and dragged shares of rival retailers.

Persons: Mark Makela, Lululemon, Armour, Foot, Juveria, Eileen Soreng Organizations: Sporting Goods, Dick's Sporting, Collegeville , Pennsylvania U.S, REUTERS, Dick's Sporting Goods, Nike, Thomson Locations: United States, Collegeville , Pennsylvania

☆ Biden Visits Hawaii Biden Heads to Maui to See Wildfire Devastation
▼ + stars: | 2023-08-21 | by ( Peter Baker | Zolan Kanno-Youngs | ) www.nytimes.com time to read: +6 min

Terri Thomas’s family has been waiting for days. “It’s tragic — this hopeless feeling,” said Ms. Thomas’s niece, Terra Thomas, who lives in North Carolina. Spotty-to-nonexistent phone reception, especially in the immediate aftermath, made it hard for survivors to contact loved ones. Chief John Pelletier of the Maui Police Department urged people searching for loved ones to take a DNA test that could help identify their remains. Once the couple was able to inform loved ones they were safe, the social media attention proved helpful.

Persons: Terri Thomas’s, Thomas, Thomas’s, “, ”, Terra Thomas, Jill Tokuda, “ It’s, Noelle Manriquez, John Pelletier of, Pelletier, ” Terra Thomas, Terri Thomas, Harry, Toni Troupe, Toni, Max Whittaker, ” Emily Cochrane Organizations: Democrat, Maui Police Department, ”, The New York Times, huskies, Credit, Facebook Locations: Lahaina, Hawaii, North Carolina, Maui, Congress, West Maui, State, Napili, Honokowai, Ohio, Midwest, Bali

☆ Maui wildfires: At least 106 were killed and identifying all of them will be difficult, officials say
▼ + stars: | 2023-08-16 | by ( Nouran Salahieh | ) edition.cnn.com time to read: +7 min

Only five of the 106 dead had been identified as of Tuesday afternoon, according to Maui County officials. Family members of missing people had provided 41 DNA samples, trying to see whether their loves ones are among the dead, county officials said. Green told CNN Tuesday he hopes “much of it will be done” by the weekend. Dominick Del Vecchio/Reuters• Some victims are named: Robert Dyckman, 74, and Buddy Jantoc, 79, both of Lahaina, were killed, Maui County officials said Tuesday. Hawaii’s attorney general will spearhead a review of decisions that officials made in response to the wildfires, her office has said.

Persons: Hawaii’s, Josh Green, Green, “ We’re, “, we’re, ”, Jonathan Greene, Dominick Del Vecchio, Robert Dyckman, Buddy Jantoc, we’ll, who’s, ” Green, • Biden, Biden, Dang, ” Dang, CNN’s Erin Burnett, Kula, Ross Hart, Maui’s upcountry, Hart, ” Hart, CNN they’ve, Jace Kennedy Organizations: CNN, Hawaii Gov, Authorities, US Department of Health, Human Services, FEMA, Reuters, •, Lahaina’s Locations: Maui, Hawaii, Maui County, Lahaina, Lahaina , Hawaii, •, Upper Kula, upcountry, Kula, Maui’s

☆ The US told several Afghans to await relocation in Pakistan after escaping Taliban rule. Two years later, many are facing deportation.
▼ + stars: | 2023-07-29 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Several Afghan refugees in Pakistan who were promised relocation to the US are now facing deportation, CNN reports. For Afghans who served the US military, returning to a Taliban regime could be a death sentence. One expert told CNN many Afghans have yet to receive visas because the US has not established a processing center in Pakistan. One former US military contractor told CNN the Taliban "will punish me, they will put me in jail. Meanwhile, the State Department told the outlet in a statement that staff in Pakistan are actively working to expand their processing capacity.

Persons: —, Afghanistan Immigrants Refugees Council — Organizations: CNN, Service, Pakistan —, US State Department, Support Center, Afghanistan Immigrants Refugees Council, State Department Locations: Pakistan, Wall, Silicon, Afghanistan

CNN —Afghans who were promised a home in the United States after their country fell to the Taliban say they have waited so long for the US to process their applications that they are now being sent back to the enemy they fled. “They did not hand us over to the (Taliban) Afghan border forces,” he said. Many Afghans fled the Taliban after the August 15, 2021 fall of Kabul to the hard-line group. At least two Afghans awaiting P-2 visas have been swept up in this crackdown, CNN has learned, and complain of Pakistani police persecution. Afghans waiting in Pakistan have reported harassment by Pakistani police, including arrest and demands for money.

Persons: “, ”, Haseeb, Aafaq, ” Aafaq, “ I’m, Biden, sobbed Organizations: CNN, State Department, Pakistan’s, Interior Ministries, Afghanistan Immigrants Refugees Council, Getty, Support Center, US State Department, Foreign Locations: United States, Afghanistan, Pakistan, Afghan, Kabul, Taliban, USA, Pakistani, Chaman, AFP, Islamabad, Turkey, Tajikistan

☆ Vietnam's digitalization efforts fuel startup scene
▼ + stars: | 2023-07-12 | by ( Nyshka Chandran | ) www.cnbc.com time to read: +2 min

Vietnam's tech startups are reaping the benefits as the country sets its sights on becoming a fully digital society by 2030. In 2021, new startup support centers Hanoi, Da Nang and Ho Chi Minh City were announced. It ranked third in terms of deal count in Southeast Asia, and fourth in deal value last year, the report said. Notably, domestic funds were the top investors in local startups last year, accounting for 45% of total deal value. However, the total value of investment in Vietnamese startups was only $634 million in 2022 — down 56% year-on-year from the record high of $1.4 billion in 2021, the report noted.

Persons: Momo, Sky Mavis Organizations: French IT, World Bank, Ventures, National Innovation Center, Ministry of Planning, Investment Locations: French, Ho Chi Minh City, Silicon, Hanoi, Da, Southeast Asia

☆ Leaked email shows Adobe banning employee use of personal email accounts and corporate credit cards for generative AI apps
▼ + stars: | 2023-07-05 | by ( Eugene Kim | ) www.businessinsider.com time to read: +6 min

Adobe recently shared a do's and don'ts list for the use of generative AI apps at the company. It bans the use of personal email accounts and corporate credit cards when signing up for the apps. Adobe employees can't use personal email accounts or corporate credit cards when signing up for AI tools, like ChatGPT. Apple, Alphabet, and Samsung have also restricted employee use of generative AI tools. Stoddard said in the internal email that generative AI can "augment human creativity, not replace it."

Persons: Cindy Stoddard, Stoddard, Don'ts, Eugene Kim Organizations: Adobe, Apple, Samsung

The unboxed assembly process is intended to enable Tesla to hit that ambitious price target. Several big questions loom: What sort of impact will Tesla's process have on the auto industry overall? Body panels are painted separately, then joined together toward the end of the assembly process. If everything works as planned, the unboxed process could rewrite the industry's standard playbook and practices. Oba worked previously for the Toyota Production System Support Center, a division that helps the automaker's suppliers and others implement TPS.

☆ Starbucks new CEO wants senior leaders to work in stores. Every leader should follow suit.
▼ + stars: | 2023-04-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. Others went through management-training programs operated by department stores. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ China to inspect ships in Taiwan Strait, Taiwan says won't cooperate
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +2 min

BEIJING, April 6 (Reuters) - China's Fujian maritime safety administration launched a three-day special joint patrol and inspection operation in the central and northern parts of the Taiwan Strait that includes moves to board ships, it said on its WeChat account. Taiwan's Transport Ministry's Maritime and Ports Bureau said in a statement late Wednesday said it has lodged a strong protest with China about the move. Areas covered by the operation include the Pingtan Taiwan direct container route, the "small three links" passenger route, the Taiwan Strait vessel customary route, the densely navigable areas of commercial and fishing vessels, and areas with frequent illegal sand mining activities. The "small three links" passenger route refers to boat routes between Taiwan's Kinmen and Matsu islands which sit opposite China and Chinese cities. The fleet, a joint special operation with East China Sea Rescue Bureau and the East China Sea Navigation Support Center, will continue to carry out cruise inspections in the central and northern parts of the Taiwan Strait over the next two days.

☆ Starbucks' new CEO plans to spend time working at his company's coffee shops. Here's why every retail leader should take a shift on the sales floor.
▼ + stars: | 2023-04-03 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +7 min

Former Walmart CEO Greg Foran used to visit stores every week to observe factors like customer service, inventory levels, in-stock levels, and assortment. Fewer retail CEOs got their start working in storesLowe's CEO Marvin Ellison started his retail career as a Target security guard. David Swanson/ReutersOf course, times have changed — in the past, many retail CEOs got their start at the store level. As department stores started facing stiff competition from specialty stores, they scrambled to cut costs. These days, finding a qualified retail CEO seems like one of the hardest jobs to fill, with many companies looking outside the retail industry.

☆ Starbucks CEO says he'll work a shift at the company's cafes once a month
▼ + stars: | 2023-03-23 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Starbucks CEO Laxman Narasimhan told employees Thursday that he'll work a half day every month at one of the coffee giant's locations. Narasimhan took the helm on Monday and will lead the company's shareholder meeting Thursday. His pledge comes at a rocky time for the company's relationship with its baristas. As of Friday, more than 190 company-owned Starbucks locations have voted to unionize, according to National Labor Relations Board data. Before joining Starbucks, Narasimhan was chief executive of Reckitt, which owns brands like Lysol and Durex.

☆ New Starbucks CEO says he'll work a half-day behind a store counter monthly as he plans to prioritize 'human connection over every cup of coffee'
▼ + stars: | 2023-03-23 | by ( Nancy Luna | ) www.businessinsider.com time to read: +3 min

In his letter, obtained by Insider, he said there's an opportunity "for a refounding of Starbucks" by prioritizing "human connection over every cup of coffee." Though he didn't mention the ongoing movement to unionize Starbucks stores, Narasimhan repeatedly discussed the "partner" experience. Nearly 300 Starbucks stores nationwide have voted to unionize. Laxman Narasimhan officially took over as CEO of Starbucks on March 20. He ended the letter by saying one thing that won't change – how employees greet customers: "How may we serve you today?"

☆ Meet Laxman Narasimhan, a coffee industry outsider who just took over as CEO of Starbucks
▼ + stars: | 2023-03-20 | by ( Avery Hartmans | Nancy Luna | ) www.businessinsider.com time to read: +6 min

Laxman Narasimhan officially took over as Starbucks CEO, replacing Howard Schultz. Narasimhan is new to the coffee industry, having started his career in the consulting world before joining PepsiCo, and, later, British consumer goods company Reckitt Benckiser. Narasimhan built his career in the beverage and consumer-goods industriesLaxman Narasimhan at Starbucks Investor Day in September 2022. Starbucks said at the time that Narasimhan would begin as CEO on April 1, taking over for interim CEO Schultz. Of the 365 Starbucks stores that have held votes to unionize, 292 have voted to form a union.

☆ From Apple to Boeing, India is being put to the test as China manufacturing alternative
▼ + stars: | 2023-03-12 | by ( Vikram Barhat | ) www.cnbc.com time to read: +6 min

Bloomberg | Bloomberg | Getty ImagesThe ties between American companies and India as a manufacturing and supply chain partner are getting deeper. The Boeing deal is indicative of the wider trend among global manufacturers including Apple, Samsung and Nokia, to accelerate manufacturing in India. As far back as 2014 it launched the "Make in India" campaign to raise the profile of India as a global manufacturing hub and encourage multinational companies to produce in India. Boeing, Air India issues The partners have their internal issues to work through. That's on top of the hurdles foreign companies can expect to face in India's accleration as a manufacturing and supply chain partner.

☆ Top 4 customer support trends of 2023
▼ + stars: | 2023-02-27 | by ( Sponsor Post | Created Insider Studios With Goto | ) www.businessinsider.com time to read: +7 min

Customer support trends reflect the changing ways we work, including the need for remote support. Customer support trends have changed as the need for speed and seamlessness has increased. Today, remote tools can be used across the entire ecosystem of an enterprise, from customer support to cybersecurity. So what are the emerging customer support trends for 2023, and how can technology help your business address them? Rescue's suite of turnkey services is generally geared toward enterprise customers, and supports internal IT teams and external customer support teams working through call centers or support centers.

☆ These cofounders are giving parents-to-be an alternative option to traditional hospital care by addressing the system inadequacies for people of color
▼ + stars: | 2023-02-22 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Allegra Hill and Kimberly Durdin launched Kindred Space LA, a birth-support center, in 2018. They shared their experiences launching Kindred Space LA and their hopes for the future. Today, Kindred Space LA offers in-clinic births, home births, support groups, sessions with mental-health professionals, and collaborative care with ob-gyns and midwives who work in hospitals. Insider spoke with Hill and Durdin about their experiences launching Kindred Space LA and their hopes for the future. Kindred Space LA ultimately raised around $50,000, enough to open the birth clinic that year.

☆ Starbucks orders corporate employees to return to office 3 days a week
▼ + stars: | 2023-01-12 | by ( Juliana Liu | ) edition.cnn.com time to read: +2 min

CNN —Corporate workers at Starbucks must return to the office at least three days a week by the end of January, interim CEO Howard Schultz announced in a Wednesday memo, as another corporate giant clamps down on remote work. Employees of regional offices must report to the office three days a week, though the memo didn’t name the days or specify what counts as commuting distance. When Starbucks (SBUX) embarked on hybrid work last year, Schultz said, corporate workers “made a promise” to be in the office between one to two days a week. The announcement comes a few days after Disney (DIS) CEO Bob Iger ordered workers to return to the office four days a week starting March 1. Apple (AAPL), for example, has called for its corporate workers to be in the office at least three days a week.

☆ Starbucks' support staff to work from office thrice a week
▼ + stars: | 2023-01-11 | by ( ) www.reuters.com time to read: +1 min

Jan 11 (Reuters) - Starbucks Corp (SBUX.O) said on Wednesday its U.S. support center employees have to work from office at least three days a week, compared with a previous commitment of at least one day per week. Ride-hailing service Uber (UBER.N) has also asked employees to work from office twice a week, while Elon Musk told Twitter employees that remote work would no longer be allowed. Starbucks said the thrice-a-week policy to come into work was a requirement for all support employees, after several of them failed to meet the previous "minimum promise" of one day a week in office. The policy change also applies to region-based support partners within commuting distance of a regional office. For regional staff, the third day would be one when all partners were in the office together, according to the coffee chain giant.

It was totally avoidable.”Now, Bolsonaro is in Orlando, where he has supporters among the state's growing number of Brazilian Americans. After Bolsonaro's loss, unfounded claims of election fraud, reminiscent of those in the U.S., began to surface in Brazil. Bannon had said prior to the Brazilian election that Bolsonaro would lose only if “the machines” steal the election. Leading to the presidential elections in Brazil, Trump allies exported many of the former president's campaign strategies to the Latin American country. After Bolsonaro's October loss, tens of thousands of supporters began camping outside military facilities throughout Brazil to protest his loss.

☆ Chile's Boric slams 'terrorist' violence in rural south in rhetorical shift
▼ + stars: | 2022-11-10 | by ( Natalia A. Ramos Miranda | ) www.reuters.com time to read: +1 min

SANTIAGO, Nov 10(Reuters) - Chile's President Gabriel Boric condemned "terrorist" violence during a visit to the country's restive southern region on Thursday, a rhetorical shift for the leader who had pledged to focus on dialogue with indigenous local Mapuche groups and eschew former President Sebastian Pinera's militarization of the region. Boric later reinstated a state of emergency, keeping a strong military presence in the region. During the speech, Boric announced that the government would create two support centers for victims of violence in the region. "We haven't been capable as a state to solve the lag in terms of poverty," Boric said. Report by Natalia Ramos; Writing by Alexander Villegas; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Sweetgreen shares tumble after salad chain lowers revenue outlook
▼ + stars: | 2022-11-08 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Shares of Sweetgreen fell 10% in after-hours trading on Tuesday after the salad chain reported a wider-than-expected loss and lowered its full-year revenue outlook. For 2022, the company now anticipates its revenue will be at or below its prior range of $480 million to $500 million. This marks the second consecutive quarter that it has lowered its revenue outlook. In the third quarter, Sweetgreen said its same-store sales rose 6%, boosted entirely by menu price hikes. Sweetgreen reported fiscal third-quarter net loss of $47.4 million, or 43 cents per share, wider than its net loss of $30.1 million, or $1.58 per share, a year earlier.

You might see "This person is unavailable on Messenger" if you can't Facebook message someone. For example: What does it mean when the Messenger app tells you "This person is unavailable on Messenger?" If you're seeing this message in your conversation with someone on Messenger, it means that you can't chat with them — obviously. There are a few reasons why you may be seeing this message when trying to chat with a Facebook friend. Your friend's account doesn't exist anymoreIf the person you're trying to reach has deactivated their Facebook or Messenger account, or Facebook has suspended their account, you won't be able to message them.

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