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New York CNN —Walmart confirmed on Friday that it is not advertising on X, the social media platform owned by Elon Musk and formerly known as Twitter. “We aren’t advertising on X as we’ve found other platforms to better reach our customers,” a Walmart spokesperson said in a statement to CNN. A number of prominent brands paused their advertising on X, last month following Musk’s public embrace of an antisemitic conspiracy theory favored by White supremacists. “I don’t want them to advertise,” Musk said at the New York Times DealBook Summit in New York. “If anyone is killing X, it’s Elon Musk – not advertisers,” she said.

Persons: Elon Musk, White supremacists, Joe Benarroch, Musk, dumbest, ” Musk, ”, didn’t, Craig Atkinson, CNN it’s, Big, they’re, Jasmine Enberg, it’s Elon Musk, “, Personally, ” Enberg, Benjamin Netanyahu, Isaac Herzog, Israel “ wasn’t, he’s, – CNN’s Jennifer Korn Organizations: New, New York CNN, Walmart, Elon, CNN, Reuters, New York Times DealBook, Disney, Paramount, Comcast, Lionsgate, Warner Bros, Insider Intelligence, Intelligence, Israeli Locations: New York, Israel

☆ Federal safety regulators propose major redesign of baby loungers
▼ + stars: | 2023-11-30 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +4 min

New York CNN —Federal consumer safety regulators are pushing ahead in their effort to make baby loungers safer by proposing a major redesign of the products, following 79 deaths connected with their use. Another recommended redesign is for the height of the infant support side cushions to not exceed two inches, again to reduce the risk of entrapment and suffocation. “Infant support cushions have fallen outside of the reach of both voluntary and mandatory safety standards. One of the Yoocaa baby loungers recalled in early November 2023. According to federal safety regulators, more than 80% of the deaths involved babies three-months old and younger.

Persons: ”, Alex Hoehn, Saric, loungers, Loungers Organizations: New, New York CNN, Product Safety, CNN, U.S . Consumer Product Safety Locations: New York, U.S

☆ All kids want for Christmas this year … Robux and gaming subscriptions
▼ + stars: | 2023-11-29 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Nicole Randol — a Missouri-based mother of two boys, ages 6 and 10 — recently posted a message on a popular Facebook parenting group about Robux, the virtual gaming currency for the platform Roblox: Target was having a 40%-off sale for Robux. “I expect it to be the most exciting thing they open [on Christmas],” Randol, who bought two $100 Robux cards, told CNN. Gaming subscriptions continue to gain popularity, too. “What’s changed, naturally, is the games that families are playing.”According to ESA, more than 212 million Americans play video games on a regular basis. Still, with the rise of subscriptions and gaming currency, what lands under the Christmas tree may be smaller in size than years before.

Persons: CNN — Nicole Randol —, —, ” Randol, Fortnite, trumping, ”, Christopher Byrne, Guy, “, ” Roblox, Robux, Michael Inouye, Cozy, Byrne, “ What’s, ” Byrne, Jim Silver, Bitzies, ” Bryne, Parija Kavilanz Organizations: CNN, Robux, Entertainment Software Association, Epic Games, PlayStation, Pro, Apple, ABI Research, National Retail Federation, ESA, Gaming Locations: Missouri

☆ Rite Aid is closing another 30 stores
▼ + stars: | 2023-11-29 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Rite Aid is closing another roughly 30 locations across the US in addition to the 100 the bankrupt chain announced last month as part of its restructuring efforts. Rite Aid will have about 2,000 stores remaining when both rounds of closures are complete. Rite Aid is in much worse financial shape than its competitors. Over the past six years, Rite Aid has tallied nearly $3 billion in losses and its stock is down more than 90% for the year. That has forced Rite Aid and its rivals to reduce its physical footprint in recent years.

Persons: didn’t, –, Kavilanz, Nathaniel Meyerson Organizations: New, New York CNN —, Nevada . Rite, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, CVS, Walgreens, McKinsey Locations: New York, California, Pennsylvania, Ohio , Virginia, Washington, Michigan , New Jersey , Oregon, Connecticut , Maryland, Nevada

☆ Thanksgiving weekend dealhunters came broke records but their spending didn’t
▼ + stars: | 2023-11-28 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —More people than ever flocked to stores and websites over the Thanksgiving and Black Friday holiday weekend this year, but consumers didn’t quite break the spending record set in recent years. The group said consumers spent $321.41 on average (unadjusted for inflation) on these types of items compared to $325.44 over the same time last year. The Thanksgiving holiday weekend typically marks the start of the year-end gift-buying rush. The NRF’s own projection calls for a slowdown in holiday sales growth this year. And for Cyber Monday, the numbers were even stronger — consumers spent $12.4 billion, a 9.6% increase from 2022.

Persons: New York CNN —, trumping, NRF, It’s, ”, Matt Shay Organizations: New, New York CNN, National Retail Federation, Industry, ”, Adobe Analytics Locations: New York

☆ The tug-of-war is on between deal-hungry shoppers and retailers wary of giving them throw-away prices on Black Friday
▼ + stars: | 2023-11-24 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

So are the start-of-the-season deals enticing enough for shoppers or are they holding out in a cat-and-mouse game with retailers? Michael Brown, retail industry leader and partner with management consulting firm Kearney, said the much earlier-than-usual jumpstart to holiday sales this year could be to blame. Shoppers will be holding out for better deals,” he said. Kena Betancur/Getty ImagesTotal holiday sales this year are expected to come in softer compared to last year. He said there were plenty of 25% off Black Friday deals mall-wide and some deeper 40% off promotions for early-bird shoppers.

Persons: New York CNN —, Michael Brown, Kearney, ”, Brown, Emily Elconin, Marshal Cohen, ” Cohen, Barbie, Willing, they’ve, Kena Betancur, Brian Schroeder, Kendra Scott, “, Aeropostale, Aritzia, Shannon Stapleton, Marc Rosen, Rosen, ” Rosen, Nathaniel Meyersohn Organizations: New, New York CNN, “, Shoppers, Black, National Retail Federation, Adobe Analytics, Disney Little, Marvel, Macy's, Brookfield Properties, Brookfield Asset Management, Nike, Apple, Simon Property Group, JCPenney Locations: New York, Oaks, Michigan, New York , New York, La Cantera, San Antonio , Texas, Brookfield, Roosevelt, Garden City , New York, Penney

☆ Holiday shopping: Months-long sale season may dilute the impact of Black Friday
▼ + stars: | 2023-11-21 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +7 min

The day after Thanksgiving historically has marked the start of the holiday shopping rush. This matters because the November-December gift-buying months combined can account for about 20%, or a sizable chunk, of retailers’ sales for the full year. Retailers this year trotted out early Black Friday-like deals weeks ahead of the annual day-after-Thanksgiving shopping bonanza. “It is a lengthier shopping season because retailers were rolling out early Black Friday deals as early as October. Walmart’s first round of early Black Friday deals included a 50-inch TV house brand for $148.

Persons: New York CNN —, “, ”, Marshal Cohen, Cohen, Yuki Iwamura, Adam Davis, Wells, they’ll, Cohen doesn’t, doorbusters, Julie Ramhold, ” Ramhold, Charlie Riedel, Walmart’s, “ I’m, Chromebooks Organizations: New, New York CNN, National Retail Federation, Getty, Retailers, “, ”, Shoppers, Apple, Valentine’s Locations: New York, AFP, Wells Fargo

☆ The Fed is probably done hiking rates. Cuts are still far off
▼ + stars: | 2023-11-16 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —The Federal Reserve likely won’t raise interest rates again during its current tightening cycle, thanks to a cooldown in inflation. Interest rates are at a 22-year high after the Fed last March began its punishing pace of hikes in a bid to tame wayward inflation. Traders are now virtually certain that the Fed will hold rates steady at its December policy meeting and won’t hike again this cycle, according to the CME FedWatch Tool. Of course, one month’s data doth not a trend make. Traders are anticipating rate cuts won’t start before next March, and see May as more likely, according to the CME FedWatch Tool.

Persons: ”, Jeffrey Roach, Price, Sharp, Jerome Powell, Yung, Yu Ma, Joseph Brusuelas, Sephora, Parija Kavilanz, Read, Rishi Sunak, Hanna Ziady, “, ” Sunak, ” Read Organizations: CNN Business, Bell, New York CNN, Federal Reserve, Fed, Dow Jones, Nasdaq, “, LPL, Bureau of Labor Statistics, CPI, Research, BMO Wealth Management, Traders, Investors, RSM US, CNN, National Statistics Locations: New York

☆ Old Navy gives Gap a little something to cheer about amid sales slump
▼ + stars: | 2023-11-16 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

But signs of a turnaround for its Old Navy division offered at least something to cheer about. Overall revenue in the quarter for Gap Inc. fell 7% in the period over last year to $3.8 billion. Store sales across its brands in the quarter dropped 6%, while companywide online sales slumped 8% over the same time last year. Looking at its individual brands, sales at Gap’s namesake stores tumbled 15% versus a year ago. Excluding the negative impact from the sale of Gap China and the shutdown of Yeezy Gap, net sales for Gap were down 6% versus last year.

Persons: retailer’s, Richard Dickson, Dickson, Mattel, Barbie, “ Barbie ”, ”, Neil Saunders Organizations: New, New York CNN, Old Navy, Gap Inc, Refinitiv, Old, Industry, Warner Bros . Pictures, Inc, GlobalData Locations: New York, China

☆ Sephora has locked up all its perfume. It says too many people were stealing
▼ + stars: | 2023-11-15 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

New York CNN —Sephora has drastically changed the way people shop for fragrances in its stores, and it’s blaming store thefts for it. Sephora locked up the fragrances and added more staff specifically tasked with stopping theft. “To minimize the threats of retail theft and to provide our shoppers with the peace of mind during their experience at Sephora, we’ve increased the presence of Sephora loss prevention investigators across all stores. “The ultimate victim of retail crime is 100% the consumer,” said Landon Winkelvoss, co-founder of Nisos, a provider of threat intelligence to companies and organizations. “Sephora freed the products and put them straight into consumers hands so they could touch, swatch and experience the products at their leisure,” she added.

Persons: New York CNN — Sephora, Sephora, I’m, ”, Mark Skertic, Skertic, Landon Winkelvoss, Manola Soler, Alvarez, “ Sephora Organizations: New, New York CNN, CNN, “, eBay, Facebook, Walgreens, Marsal’s Consumer, Retail, swatch Locations: New York, Sephora, Chicago

☆ Toys R Us is opening in America’s biggest mall as part of its comeback
▼ + stars: | 2023-11-13 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Just a few years ago, Toys R Us was on its way to the retail graveyard after going out of business. Now, it’s coming to America’s biggest mall, just in time for countdown to Christmas. Toys R Us at one point was the leading toy chain in the United States and globally. But Toys R Us’ size – both in global store fleet and massive inventory – eventually contributed to its downfall as the company buckled under billions of dollars of debt. Since then, Toys R Us has been on an expansion frenzy as it attempts to reintroduce the toy store company to more online-savvy Millennial and Gen Z shoppers.

Persons: New York CNN —, Michael Siluk, Macy’s Organizations: New, New York CNN, America’s, WHP, Tru, of, Go, Retail Locations: New York, United States, of America, Bloomington , Minnesota, America, New Jersey

☆ Walmart is making noticeable changes in every store for morning shoppers. Here’s why
▼ + stars: | 2023-11-07 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Walmart announced Tuesday that it is making changes to create a calmer shopping experience, at least for a few hours every day in all of its US stores. Set to be implemented on Nov. 10, the changes include setting in-store TV walls to a static image, turning off the radio, and lowering the store lights. The retailer told CNN that the changes, for now, will roll out only at its Walmart locations and not at its Sam’s Club warehouse locations. Walmart’s rival Target sells an exclusive line of children’s home decor and furnishings that are designed to be sensory-friendly. The move by Victoria’s Secret shows mainstream brands and retailers – and not only niche sellers – catering to differently abled consumers.

Persons: ” Organizations: New, New York CNN, Walmart, ” Walmart, CNN, Target Locations: New York, Puerto Rico

☆ Stocks week ahead: Here’s how America’s economy could begin to weaken
▼ + stars: | 2023-11-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +8 min

The job market or spending? The spending argument: But there have been instances in which spending weakened before the job market. “I think it starts with the perception of the labor market,” Drew Matus, chief market strategist at MetLife Investment Management, told CNN. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. In the third quarter, Ticketmaster sales surged 57% to $833 million and 90 million fee-bearing tickets were sold in the period.

Persons: can’t, ” Shannon Seery, “ It’s, ” Seery, Luke Tilley, ” Tilley, Jerome Powell, ” Drew Matus, ”, Taylor Swift, Parija Kavilanz, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, Lisa Cook, Michael Barr, Jeffrey Schmid, Christopher Waller, John Williams, Lorie Logan, Ralph Lauren, Steve Madden, Phillip Jefferson, Raphael Bostic, Tom Barkin, Christine Lagarde Organizations: CNN Business, Bell, DC CNN, CNN, Employers, Investment Advisors, Companies, National Bureau of Economic Research, CNN Wednesday, Federal, MetLife Investment Management, Ticketmaster, Ryanair, Goodyear, Fed, Reserve Bank of Australia, Uber, Occidental Petroleum, KKR, The Carlyle Group, US Commerce Department, Biogen, Warner Bros, Teva Pharma, The New York Times Company, Armour, SeaWorld, MGM Resorts, China’s National Bureau of Statistics, Sony Group, Astrazeneca, Tapestry, News Corp, US Labor Department, Soho House, National Statistics, European Central Bank, University of Michigan Locations: Washington, Wells, Wilmington, Lyft, Brookfield, Soho

☆ Hang out with Team USA at the Paris Olympics? For deep-pocketed gifters, this extragant present is up for grabs
▼ + stars: | 2023-11-05 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +5 min

For $195,000, the two-day experience includes premiere seats to a performance at the Metropolitan Opera House.during American Ballet Theatre’s 2024 summer season in New York City. Join Team USA at the Paris Olympics in 2024 Neiman MarcusGet up, close and personal with Team USA at the 2024 summer Olympics in Paris for a hefty $210,000. This experience includes three nights in Paris, where the recipient will receive official Ralph Lauren Team USA clothing signed by Team USA athletes before attending the Olympic Games opening ceremony. It also include exclusive access to Team USA House to dine, celebrate, watch live broadcasts of the games and meet athletes. You’ll be taken through the design process with the Cadillac team and observe it in action at the Cadillac House and Artisan Center.

Persons: Neiman Marcus, Neiman Marcus ’, there’s, Rosalie O'Connor, Neiman Marcus Get, Ralph Lauren, Neiman Marcus Here’s, Carmen CELESTIQ, You’ll, Nina Magon, Neiman Marcus Who doesn’t, Maison Baccarat Organizations: New, New York CNN, American Ballet, Metropolitan Opera House, Metropolitan Opera, Disney, Walt Disney Animation Studios, USA, Paris Olympics, Team USA, Team USA House, Cadillac, Cadillac House, Artisan Center, Michelin, Cannes Film, Film, Ville de, University of Texas, Anderson Cancer Center, Foundation Locations: New York, Cannes, NYC, New York City, Burbank , California, Hollywood, Paris, Detroit, Milan, Indonesia, Bali, France

☆ Taylor Swift and Beyoncé concert tours deliver record-breaking earnings for Live Nation
▼ + stars: | 2023-11-03 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Live Nation Entertainment has Taylor Swift and Beyoncé to thank for propelling the live concerts organizer to its strongest quarterly results to date. “Today we delivered our strongest quarter ever and are on pace for a record 2023,” Live Nation CEO Michael Rapino said in a statement. The ticket-industry giant said it has sold a record 140 million tickets so far this year, up 17% year-over-year and has already surpassed the 121 million tickets sold in all of 2022. To be sure, live concerts returned with a bang in 2023, with Taylor Swift and Beyoncé becoming the hottest tickets in town. So we’re very confident that both Ticketmaster, Live Nation are going to have big, strong years next year with a pipe full that will overcome this year’s numbers,” Rapino said in a call with analyst on Thursday.

Persons: Taylor Swift, Swifties, Taylor, Michael Rapino, Beyoncé, Harry Styles, Bunny, Jonas Brothers, Bruce Springsteen, “, ” Rapino, Joe Berchtold, ” Organizations: New, New York CNN, Ticketmaster, Wall, Justice Department, DOJ, CNN Locations: New York

☆ Premarket stocks: Small stocks are sinking, showing Wall Street is still anxious about the US economy
▼ + stars: | 2023-11-02 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

But declines in small-cap stocks suggest that worries about the US economy’s health still linger on Wall Street. The Russell 2000 index, which tracks the performance of US small-cap stocks, last Friday touched its lowest level since November 2020 after turning negative for the year earlier in October. Small-cap stocks tend to be an indicator of economic strength, because they generate most of their revenue domestically. Still, Mahajan says that small-cap stocks could be set up for a rally, especially if the economy sees renewed growth next year. Turkey prices drop as Thanksgiving planning ramps upSomething wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget, reports my colleague Parija Kavilanz.

Persons: Russell, Jim Polk, ”, Mona Mahajan, Edward Jones, Jerome Powell, Mahajan, Polk, Bryan Mena, Parija Kavilanz, “ There’s, Michael Swanson, Swanson, Wells Fargo’s, Read Organizations: CNN Business, Bell, New York CNN, Federal, Big Tech, Homestead Funds, Fed, Penn Capital Management, Federal Reserve, Wells, Food Institute Locations: New York, small, Israel, Turkey

☆ Here’s how much your Thanksgiving meal will cost you this year
▼ + stars: | 2023-11-01 | by ( Parija Bhatnagar | Parija Kavilanz Cnn | ) edition.cnn.com time to read: +5 min

New York CNN —Something wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget. “Because turkey prices are down so much, and that’s the centerpiece of the meal, celebrating Thanksgiving at home will be more advantageous this year for families,” he said. Drop in turkey prices could bring down the overall cost of a Thanksgiving home-cooked mean this year. Food price increases have been easing this year, offering much-needed relief for many households. Canned food is still costlier heading into the Thanksgiving month compared to last year.

Persons: “ There’s, ”, Michael Swanson, Swanson, Christopher Walljasper, Wells Fargo’s, There’s, “ Russets, –, Danielle Wiener, Bronner Organizations: New, New York CNN, Wells, Food Institute, USDA Livestock Marketing, USDA Locations: New York, “, Pacific

☆ Walmart’s given a major new look, and feel, to 117 stores. Here are the big changes
▼ + stars: | 2023-10-30 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +2 min

During the pandemic, customers were flocking to big box stores for all manner of stay-at-home gadgets, including huge televisions and exercise equipment. So Walmart said it re-opened 117 stores in 30 states at a cost of half a billion dollars to keep customers engaged and shopping throughout the store. Walmart has given a major new look, and feel, to 117 stores. WalmartThe makeovers are meant to modernize the look of a Walmart store and the experience in it, the company said. Walmart has given a major new look, and feel, to 117 stores.

Persons: it’s Organizations: New, New York CNN, Walmart, Target Locations: New York

☆ Abercrombie & Fitch lawsuit: Fashion brand sued over sex trafficking accusations
▼ + stars: | 2023-10-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +5 min

New York CNN —Dozens of men have filed a class action lawsuit alleging Abercrombie & Fitch was complicit in a decade-long sex trafficking scheme carried out by the fashion company’s former CEO. The lawsuit states that, in a series of instances, one aspiring model was invited to multiple Abercrombie & Fitch casting events in New York, France and London, and was sexually assaulted at least seven times at these events. “Sexual exploitation does not discriminate based on gender,” Henderson told CNN in a statement. The courtroom is where we will deal with this matter,” Jeffries’ attorney Brian Bieber told CNN. Days after the BBC report, Abercrombie & Fitch said it had launched its own investigation into the allegations.

Persons: Abercrombie, Fitch, Michael Jeffries, “, Jeffries, ” Abercrombie, ”, Brittany Henderson, ” Henderson, Abercrombie &, Mr, ” Jeffries, Brian Bieber, Jeffries ’, Matthew Smith, Smith, ” Bieber, Jefferies, “ Abercrombie, Parija Kavilanz Organizations: New, New York CNN, CNN, Abercrombie, Fitch, Abercrombie & Fitch, BBC Locations: New York, France, London, Abercrombie

☆ Mattel reports spike in earnings thanks to Barbie and Hot Wheels
▼ + stars: | 2023-10-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +3 min

Worldwide gross billings, or the amount invoiced to customers, for dolls rose 27%, bringing in $885 million to Mattel in the third quarter. Meanwhile, vehicles — mainly driven by Hot Wheels — rose 18% to $519 million compared to the same quarter a year ago. The company reported $146.3 million in net income during the quarter, down 50% from the $289.9 million it reported in the same quarter a year ago. Customers were also snatching up Hot Wheels toys, which partly offset the declines in action figures, building sets and games. Mattel said it sold $350 million worth of Barbie products in the quarter.

Persons: “, Barbie, Disney, Ynon Kreiz, Greta Gerwig, “ Barbie, Kreiz, Parija Kavilanz Organizations: New, New York CNN, Mattel, Disney, Warner Bros, CNN, Warner Bros . Locations: New York, North America, United States

☆ Anticipating premature births as crisis deeps, this nonprofit is racing to get its portable incubators into Israel and Gaza
▼ + stars: | 2023-10-25 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +11 min

The Embrace incubator resembles a sleeping bag, but for a baby. Seen here is a nurse at Sumy Perinatal center secures an infant into an Embrace incubator. Not just warsDr. Leah Seaman has been using Embrace incubators for three years in Zambia. Ambulance midwives after being trained in how to use the Embrace incubators at the Kapiri Mposhi District Hospital in Zambia in 2022. “Last year we had 800 babies through the ward and maybe half of them used the Embrace incubator,” said Seaman.

Persons: Jane Chen, Chen, that’s, It’s, ”, She’s, Veronica Gillispie, Bell, Halyna, ” Masiura, “, Khan Younis, Mohammed Salem, “ We’re, Said Chen, Linus Liang, –, Sudhanva Atri, Liang, Leah Seaman, Seaman, Leah Seaman “, we’ve, haven’t, We’ve, ” Seaman Organizations: New, CNN, Embrace, UN Population Fund, UNICEF, Ochsner Health, Healthcare, Embrace Global, Israel Defense Forces, Reuters, Stanford University, Global Locations: Israel, Gaza, San Francisco , California, Ukraine, Russia, Turkey, Syria, New Orleans , Louisiana, Odesa, Sumy Regional, Northeastern Ukraine, Sumy, Palestinian, Karnataka, India, Asia, Africa, Zambia, Mposhi, Central Province

☆ Rite Aid is closing nearly 100 stores as part of its bankruptcy. See the list
▼ + stars: | 2023-10-18 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

New York CNN —Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts. Over the past six years, Rite Aid has tallied nearly $3 billion in losses. in Costa Mesa, California139 North Grand Ave. in Covina, California20572 Homestead Road in Cupertino, California24829 Del Pradoin Dana Point, California7859 Firestone Blvd. in Yorba Linda, California25906 Newport Road in Menifee, California1600 North Main St. in Meridian, Idaho5808 Ritchie Hwy. in Mill Creek, Washington601 South Grady Way in Renton, Washington2707 Rainier Ave. in South Seattle, Washington– CNN’s David Goldman contributed to this story

Persons: Del, Dana, Glen, Ephraim Ave, Arnold St, Nicholas Ave, Reed, Washington – CNN’s David Goldman Organizations: New, New York CNN — Rite, Real Estate Partners, Rite Aid, Amazon, Walmart, Target, Costco, Aid, Solutions, SEC Alabama, Valley, Firestone, Alvarado St, Fulton, Yorba, Bel Air, Pulaski, Garfield, Main St, Clinton St, Michigan, Whittemore St, Hamilton St, Sunrise, Elmwood, New Carlisle , Ohio Euclid, Gettysburg, Medford, 9th St, Liberty, Eisenhower, Stevenson, 5th St, Reed St, Oxford, 63rd, Brighton, East Central, St, Evergreen, Grady Locations: New York, California, Maryland, Michigan, New Jersey, Ohio, Oregon, Pennsylvania, Washington, Alabama, Idaho, Pike, Monroeville , Alabama, Alhambra , California, Bellevue, Atwater , California, Costa Mesa , California, Covina , California, Cupertino , California, Dana Point , California, Downey , California, Irvine , California, La Mirada , California, Laguna Niguel , California, South Centinela, Los Angeles , California, Alvarado, Monterey , California, St, Ramona , California, Fulton Ave, Sacramento , California, Santa Cruz , California, Yorba Linda , California, Menifee , California, Main St, Meridian , Idaho, Baltimore , Maryland, Bel Air , Maryland, Elkton , Maryland, Glen Burnie , Maryland, Gratiot, Clinton Township , Michigan, Detroit , Michigan, Farmington Hills , Michigan, Fremont , Michigan, Clinton, Grand Ledge , Michigan, Jackson , Michigan, Macomb , Michigan, U.S, Manistee , Michigan, Redford , Michigan, Shelby Township , Michigan, St . Johns , Michigan, Centerville, Sturgis , Michigan, Taylor , Michigan, Wixom , Michigan, Berlin , New Hampshire Grove St, Peterborough , New Hampshire, Browns Mills , New Jersey, Camden , New Jersey, Lumberton , New Jersey, Bridgeton Pike, Mantua , New Jersey, Mullica Hill , New Jersey, Edinburg, Robbinsville , New Jersey, Hamilton, Somerset , New Jersey, Williamstown , New Jersey, Bay Shore , New York, Buffalo , New York, Copiague , New York, East Northport , New York, Floral, , New York, Jamaica , New York, Elmwood Ave, Kenmore , New York, Hempstead, Levittown , New York, Patchogue, Yaphank, Medford , New York, New York , New York, Port Jefferson , New York, Sayville , New York, Smithtown , New York, West Patchogue , New York, New Carlisle , Ohio, Strathmore, East Cleveland , Ohio, Dayton , Ohio, Cleveland , Ohio, Medford , Oregon, Cully, Portland , Oregon, 9th, Chester , Pennsylvania, Coraopolis , Pennsylvania, Erie , Pennsylvania, Greensburg , Pennsylvania, Hanover , Pennsylvania, New Castle , Pennsylvania, New Kensington , Pennsylvania, Pennsburg , Pennsylvania, 5th, Philadelphia , Pennsylvania, Venango St, 63rd St, Pottsville , Pennsylvania, Rochester , Pennsylvania, East Central Ave, Titusville , Pennsylvania, White Haven , Pennsylvania, Bellevue , Washington, Bellingham , Washington, Blaine , Washington, Covington , Washington, Everett , Washington, Lynnwood , Washington, Mill Creek, Renton , Washington, Rainier, South Seattle

☆ Victoria’s Secret will sell intimate apparel for women with disabilities
▼ + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Victoria’s Secret, for the first time, has introduced a collection of bras and panties specifically designed to meet the needs of women with disabilities. Among the collection’s adaptive features are magnetic closures, sensory-friendly fabric, fully adjustable and convertible front straps and panties specially designed with magnetic side closures. Among the adaptive features are magnetic closures, sensory-friendly fabric, fully adjustable and convertible front straps and panties specially designed with magnetic side closures. In 2022, Kohl’s rolled out adaptive apparel options for adults in three of its most popular private-lable brands. “Notably, the children’s and intimate apparel markets have led this charge and set a high standard for the broader apparel sector, leading the way in this crucial movement.”

Persons: Yulia Gorbachenko, Kohl’s, Kristen Classi, “, ” Organizations: New, New York CNN, Pink, Victoria, Management, Centers for Disease Control, JCPenney, “ Consumer, CNN Locations: New York, United States

☆ Tupperware picks Spanx veteran as new CEO
▼ + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

New York CNN —Tupperware Brands named consumer products veteran and former long-time CEO of Spanx Laurie Ann Goldman as its new CEO on Wednesday amid ongoing attempts to continue to survive as a business. In addition to her experience heading up Spanx for 12 years, Goldman also previously was CEO of Avon North America from August 2018 to August 2019. She was most recently CEO of OVME Aesthetics, a provider of medical aesthetics products and services prior to coming on board at Tupperware. Tupperware named Laurie Ann Goldman at its new CEO on Wednesday. Last October, in a massive shift in its business model, Tupperware rolled out its containers onto Target shelves nationwide.

Persons: Laurie Ann Goldman, Goldman, Miguel Fernandez, Tupperware, Sean Zanni, Patrick McMullan, Laurie Ann, ” Susan Cameron, “ Laurie Ann, It’s, –, – CNN’s David Goldman Organizations: New, New York CNN, Brands, Avon Locations: New York, Spanx, Avon North America, Tupperware, The Florida, Bath

☆ As the holidays approach, shoppers are in a mood to spend – on their homes and themselves
▼ + stars: | 2023-10-17 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —Spending on the holiday season is expected to rebound to – and even surpass – pre-pandemic levels this year for the first time. The year-end months of November and December typically are dominated by shoppers scouring stores for deals and discounts on seasonal merchandise, including gifts. “As many as 82% of shoppers said they plan to spend on non-gift purchases such as decorations. While gift spending is still expected to grow 9% over last year, the report said people plan to buy one fewer gift versus last year. “In terms of the allocation of holiday dollars, the biggest increase that we saw is in the non-gift group,” said Skelly.

Persons: –, it’s, Skelly, It’s, ” Organizations: New, New York CNN, Deloitte, Retail Survey, CNN Locations: New York

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