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☆ Walmart shrunk by at least 101 locations last year — a smart move for what's next
▼ + stars: | 2024-02-18 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Walmart quietly reduced its store count in 2023 even though the company was doing really well. In addition to closing underperforming stores, the retailer sold at least 79 small-format locations. Given what Walmart has planned for the next few years, the move away from smaller locations makes sense. "Walmart has always struggled with smaller stores," Saunders said. In addition to new stores, many existing locations are being upgraded to Walmart's "store of the future" concept, including 650 projects this year.

Persons: —, spokespeople, Doug McMillon, Scot Ciccarelli, Ciccarelli, Neil Saunders, Saunders, it's, Walmart's Organizations: Walmart, Service, BI, Goods, Truist Securities

☆ Warren Buffett's Berkshire Hathaway is an epic turnaround story — and its latest deal looks a winner, expert says
▼ + stars: | 2024-02-01 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Warren Buffett's Berkshire Hathaway is the result of an incredible turnaround, Jacob McDonough said. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe rise of Warren Buffett's Berkshire Hathaway is a remarkable turnaround story, a chronicler of the company's early days said. He was referring to Diversified Retailing, Blue Chip Stamps, and Berkshire, which was a textile company when Buffett acquired it in 1965. They shuttered Berkshire's floundering textile business in 1985.

Persons: Warren, Berkshire Hathaway, Jacob McDonough, —, Warren Buffett's Berkshire Hathaway, Chip Stamps, Buffett, Charlie Munger, Munger, McDonough, Kraft Heinz, Bryan Metzger, Pilot McDonough, Berkshire's Organizations: Berkshire, Service, England Textile, Chip, Apple, Travel Centers, Nike, Coke, Netflix, McDonough Investments Locations: Warren, Berkshire, England, Windsor Heights , Iowa

☆ You can now sign up to try a $2,000 AI headband that a startup says will help control your dreams
▼ + stars: | 2024-01-30 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Prophetic opened its bookings for users to test its Halo: a headband that aims to control dreaming. The startup claims the Halo can shoot signals to the user's brain when a wearer enters REM sleep. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The startup claims the model can use ultrasound holograms instead of written prompts to stimulate the prefrontal cortex part of the brain. The Prophetic Halo is retailing for an estimated $2,000.

Persons: —, it's, Eric Wollberg, Wollberg, Elon Musk, Musk, Morpheus Organizations: Service, Morpheus, Business, Twitter, MORPHEUS

☆ 8 loud luxury items sold by designer brands that people actually buy
▼ + stars: | 2024-01-25 | by ( Maria Noyen | ) www.businessinsider.com time to read: +1 min

But not everyone is sold, as designer brands are still selling some wild, loud luxury items. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementQuiet luxury might be one of the year's biggest shopping trends, but that doesn't mean everyone is sold on it. More than a few designer brands are still marketing loud luxury items that scream, "This product is expensive," proving there are still consumers who love being bougie and aren't afraid to show it. From logo-heavy kitchenware that costs nearly $1,000 to customized paper envelopes retailing at over $100, here are eight loud luxury items from designers that people are buying.

Persons: Smeg, — Organizations: Dolce, Gabbana, Service

☆ Uniqlo sues Shein, claiming the company copied its viral shoulder bag
▼ + stars: | 2024-01-19 | by ( Associated Press | ) www.businessinsider.com time to read: +2 min

The practical "Round Mini Shoulder Bag," which costs $20, went viral over the last year. It its lawsuit, Uniqlo is demanding damages of around 160 million yen, or $1.1 million. AdvertisementUniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the "Mary Poppins bag." The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is praised on TikTok and other social media as roomy but also light and compact.

Persons: Uniqlo, Shein, —, Mary Poppins, Julie Andrews Organizations: Service, Court, Roadget, Shein Locations: China, Singapore, Tokyo, Shein Japan, Japan, U.S

☆ Japanese brand Uniqlo sues Shein for allegedly copying its viral Round Mini Shoulder Bag
▼ + stars: | 2024-01-17 | by ( Jessie Yeung | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Japanese brand Uniqlo is suing Shein over claims the Chinese fast-fashion retailer is selling copycats of its viral shoulder bag. Its lawsuit against Shein was filed in Tokyo on December 28 and named three of the brand’s operators — Roadget Business Pte, Fashion Choice Pte and Shein Japan — according to the Fast Retailing statement. The shoulder bag first began circulating on TikTok in 2022 and continued to blow up in popularity through 2023, with video creators praising its versatility, spaciousness and affordability. The most viral TikToks about the bag racked up millions of views, ranging from styling tips to “what’s in my bag” videos, unboxings and haul reviews. In an investor report in the third quarter of 2023, Fast Retailer credited the shoulder bag for sparking “considerable interest on social media” and expanding its customer base among women and younger shoppers.

Persons: Shein, Uniqlo, “, Temu Organizations: Hong Kong CNN, Retailing, Shein, Company, CNN, Retailer, US Locations: Hong Kong, Tokyo, Shein Japan, TikTok, US United States, Chinese

TOKYO (AP) — Uniqlo Co. has sued rival retailer Shein over a small shoulder bag the Japanese retailer said was an inferior and unlawful copy of its hit product touted as the “Mary Poppins bag.”The lawsuit demanded Shein stop selling its product that Uniqlo said looks too much like its Round Mini Shoulder Bag. The Uniqlo bag is praised on TikTok and other social media as roomy but also light and compact. Shein, founded in China but now based in Singapore, did not immediately respond to a request for comment. The lawsuit was filed in Tokyo District Court on Dec. 28 by Tokyo-based Fast Retailing Co., which operates Uniqlo stores. Uniqlo, which has nearly 2,500 stores in 26 global markets, is behind hit affordable casual clothing like HeatTech thermal underwear.

Persons: —, Mary Poppins, Shein, Julie Andrews, Uniqlo, Yuri Kageyama Organizations: TOKYO, Court, Roadget, Shein Locations: China, Singapore, Tokyo, Shein Japan, Japan, U.S

☆ I visited T.J. Maxx's outdoorsy sibling Sierra, the most interesting brand in the TJX family
▼ + stars: | 2024-01-14 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Sierra is TJX's outdoor lifestyle brand, selling apparel, gear, home goods, and pet products. Business Insider visited a store for a closer look at T.J. Maxx's younger, sportier sibling. The Sierra store in Madison, Wisconsin, is just two doors down from a T.J. Maxx location. Dominick Reuter/Business InsiderSierra's tiny stature means it barely receives individual mention in TJX earnings calls beyond annual announcements of planned store openings, per AlphaSense. AdvertisementTJX's fingerprints are all over Sierra's stores, and the combination of its tried-and-tested playbook with this retail category make the small-but-mighty brand an exciting one to follow.

Persons: —, Dominick Reuter, I'm, TJX, Placer.ai, Ernie Herrman, Stanley, Dick's, REI, Sierra Organizations: Business, Service, Sporting, Sierra, Trading, Marshalls, Public Lands Locations: Wisconsin, Sierra, Madison , Wisconsin, Reno , Nevada, Wyoming, Denver, Burlington , Vermont, Framingham , Massachusetts, Maxx, REI

☆ Diamonds Made With Solar Power Are Offering Fiancées Ethical Fashion
▼ + stars: | 2024-01-13 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

“She really did not want a natural diamond because of the child labor [concerns],” said Henshall. A lab-grown diamond made with solar power. Made largely in China and India, lab-grown diamonds are produced using heat and pressure but without any mining. Three years later the former retail executive started selling lab-grown diamonds produced in a solar-powered factory in Gujarat, India. The volume and quality can vary but is a good barometer of appetite for natural diamonds, as well as prices.

Persons: Peter Henshall, Tasha Mawdsley, Tasha, ”, Henshall, “, Peter aren’t, Paul Zimnisky, Pandora, Laura Lambert, Fenton, “ It’s, We’ve, ” Lambert, ” Beth Gerstein, David Kellie, De Beers, De, Lightbox, LVMH, Cartier, Richemont, Kyle Grant, Grant, it’s, Yusuf Khan Organizations: Natural Diamond, Business, First Insight, Baker Retailing, Wharton School, University of Pennsylvania, Diamond Exchange, Miners, De Beers, yusuf.khan@wsj.com Corrections, Amplifications Locations: Ibiza, China, India, Danish, London, Gujarat, U.S, Amplifications Danish

☆ This Louis Vuitton ‘sandwich bag’ costs more than $3000
▼ + stars: | 2024-01-12 | by ( Issy Ronald | ) edition.cnn.com time to read: +3 min

CNN —Carrying lunch into the office from home can be one way to save money — except, perhaps, when it is stored in Pharrell Williams’ Louis Vuitton sandwich bag costing over $3,000. Model Anna Ewers carried the sandwich bag during Pharrell Williams' debut show for Louis Vuitton in Paris in June 2023. But it’s not the first time that Louis Vuitton has drawn inspiration from everyday (and, traditionally, much cheaper) accessories. In its Spring-Summer 2007 collection, the fashion house paid homage to the budget-friendly checkered plastic laundry bags beloved the world over. In 2022, the brand also released a cross-body bag resembling a paint can (complete with metal handle), “decorated with playful references to Louis Vuitton’s heritage.”In 2007, Louis Vuitton paid homage to the humble laundry bag.

Persons: Pharrell Williams, Louis Vuitton, Williams, Anna Ewers, Louis, Giovanni Giannoni, —, it’s, Louis Vuitton’s, Francois Guillot, Virgil Abloh, ”, Marcel Duchamp —, Ashish Gupta, ” “ It’s, ” Gupta, “, Balenciaga Organizations: CNN, Louis Vuitton, West Hollywood, Getty Locations: Paris, Pont, West, AFP

☆ The Rise of Temu’s Chinese Parent Will Reshape E-Commerce
▼ + stars: | 2023-12-05 | by ( Jacky Wong | ) www.wsj.com time to read: 1 min

Temu has 52 million monthly active users in the U.S., just a year after its launch. There’s a new online-shopping champion in China: PDD , the company behind discount-retailing app Temu, is now the country’s most valuable e-commerce company. After a 78% rise this year, PDD’s market value has hit $193 billion, snatching the crown from Alibaba. Though PDD’s revenue last quarter was still less than a third of Alibaba’s, it’s growing much faster. Revenue for the three months ended in September surged 94% from a year earlier—Alibaba’s only grew 9%.

Persons: Temu, Nikos Pekiaridis Organizations: Revenue, Alibaba, P Global Market Intelligence Locations: U.S, There’s, China, Alibaba

☆ Period poverty: How air pollution in Kenya could make periods heavier, more painful and more expensive
▼ + stars: | 2023-12-05 | by ( Elizabeth Wells | Eoin Mcsweeney | ) edition.cnn.com time to read: +13 min

Studies have linked air pollution to an increased risk of endometriosis , a condition that causes tissue like what lines the womb to grow outside of the uterus. Compared with Kenya, women can more easily access anti-inflammatory drugs and birth control commonly used to manage painful periods. She believes that the new research on air pollution should be a major concern for the millions of women struggling to manage their periods in Nairobi. Kenyan Senator Gloria Orwoba is calling for more research on the link between air pollution and women's reproductive health. Now, she tells CNN, targeted government intervention is needed to address the possible effects of air pollution on menstrual cycles.

Persons: Alice Shikuku, Shikuku, Mercy, Audrey Gaskins, we've, Gaskins, Oscar Lee, Lee, Emmie Erondanga, Miss Koch, Erondanga, Wanjiru Kepha, Kepha, Wanjiru, Damaris Atieno, Atieno, Sen, Gloria Orwoba, Orwoba, William Ruto's, she's, I'm Organizations: CNN, US Agency for International Development, Rollins School of Public Health, Emory University, China Medical University, World Health Organization, Miss, Huru International, Kenya, Kenyan, William Ruto's United Democratic Alliance Locations: Nairobi, Kenya, Korogocho, United States, Taiwan, Taichung, Shikuku's, Dandora, Miss Koch Kenya, Mukuru, Miss, Wanjiru Kepha

☆ How China's Shein became a fast-fashion giant
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin/File Photo Acquire Licensing RightsNov 28 (Reuters) - China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday. Shein says the approach has helped it consistently achieve average unsold inventory rates in the low single digits. At that valuation, Shein would still trail Uniqlo owner Fast Retailing's (9983.T) $80 billion valuation and Zara owner Inditex's (ITX.MC) $126 billion. Shein moved its headquarters to Singapore from Nanjing, capital of China's eastern Jiangsu province, around late 2021, a shift that analysts said helps the firm circumvent China's tough new rules on overseas listings.

Persons: Chen Lin, Shein, Chris Xu, PDD, Inditex's, Miyoung Kim, Stephen Coates Organizations: REUTERS, Reuters, WHO, Shein, Walmart, Thomson Locations: Singapore, China, United States, Europe, Asia, U.S, Swedish, Zara, Nanjing, China's, Jiangsu

REUTERS/Chris Helgren/File Photo Acquire Licensing RightsCOLOMBO, Nov 25 (Reuters) - Sri Lanka will likely approve on Monday a proposal from Chinese state refiner Sinopec to build a $4.5-billion-dollar refinery, the South Asian island nation's energy minister said on Saturday. Sri Lanka, trying to recover from its worst economic crisis in more than 70 years, is hungry for new investment and local fuel supplies. The investment will add to Sinopec's recently started fuel retailing business, the third international company with a foothold in Sri Lanka, with a license to operates 150 petrol stations. Sinopec's fuel oil division, which runs the retail business there, began in 2019 supplying marine bunker fuel at Hambantota, another Sinopec official said. Sri Lanka's refinery at Sapugaskanda, commissioned in 1969, can process 38,000 barrels of oil a day.

Persons: Chris Helgren, Kanchana Wijesekera, Wijesekera, Vitol, Uditha Jayasinghe, Chen Aizhu, Krishn Kaushik, William Mallard Organizations: China Petroleum & Chemical Corporation, REUTERS, Rights, and Energy, Reuters, Sri, China Merchant Port Holdings, Initiative, China Merchants, Thomson Locations: Vancouver , British Columbia, Canada, Sri Lanka, China's, Saudi Arabia, Russia, China, Colombo, Sinopec, Hambantota, Europe, Asia, Lanka's, Sapugaskanda

☆ What is fast fashion, and why is it so controversial?
▼ + stars: | 2023-11-24 | by ( Amaya Mcdonald | Taylor Nicioli | ) edition.cnn.com time to read: +7 min

But while cheap chic may seem like the way to go, the fast fashion industry sees clothing pushed out on a scale that is even too large for most consumers to keep up with. Why is fast fashion so popular? Fast fashion accounts for “quick designs, quick manufacturing, quick marketing, quick retailing — it doesn’t leave the time to consider these bigger needs, like ethical considerations or rights of workers,” Osnes said. “The planet is on fire, and the truth is the fashion industry aids in a percentage of that.”Is ‘sustainable fashion,’ a viable alternative? But shop responsibly… try to use your budget to buy one good quality item,” Arya said, instead of a glut of fast fashion basics.

Persons: CNN —, Preeti Arya, Vox, Shein, Jade Gao, Beth Osnes, ” Osnes, “ It’s, ”, Aja Barber, Technology’s Preeti Arya, Richard Levine, Arya, ” Arya Organizations: CNN, Fashion Institute of Technology, New York Times, Times, Shein, Getty, United Nations Environment Programme, Greenpeace, George Washington University . Apparel, University of Colorado, Fashion Institute, Technology’s, Thrift Locations: New York, United States, Paris, Zara, Singapore, China, Guangzhou, AFP, India, Bangladesh, Pakistan

☆ Buy these 33 top-rated stocks to build a diversified, downturn-resistant portfolio in 2024, according to UBS
▼ + stars: | 2023-11-21 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Economic growth should persist in 2024, albeit at a weaker pace, according to top strategists at UBS Global Wealth Management (GWM). "We do see the savings rate — the recent savings rate — as unsustainably low, and we expect it to rise over time," said Brian Rose, a senior economist and investment strategist at UBS GWM, during the webinar. "And really, the base of the economy depends very heavily on what happens to the savings rate." Rose continued: "If the savings rate just gradually drifts higher over time, then we can have a soft landing. 33 top stocks across sectorsWhile UBS is constructive about 2024, its strategists think investors should prepare for anything.

Persons: Solita Marcelli, Brian Rose, Rose, there's, Marcelli, Daniel Scansaroli, Nicolas Le Roux, Le Roux, financials Organizations: UBS Global Wealth Management, UBS, Business, US, UBS GWM, Federal Reserve, UBS GWM's, Companies Locations: Americas, Ukraine, Israel, Europe, China, Japan, Australia

☆ Worried About Inflation? Move to Alaska, Sell the Car and Become a Vegetarian
▼ + stars: | 2023-11-17 | by ( Tim Smart | ) www.usnews.com time to read: +7 min

The consumer price index for October showed inflation at a 3.2% level, while the producer price index came in with an annual rate of 1.3%. Perhaps the most interesting and relevant facts about inflation are that the overall number means little to the average person. “Although the overall consumer price level was flat in October, shelter inflation continued,” said Danielle Hale, chief economist for Realtor.com. Overall inflation among select urban areas was highest in the Miami to West Palm Beach corridor, up by 7.4% in October. Their inflation rate was 1.1%.

Persons: Jerome Powell, Richard McPhail, Doug McMillon, McMillon, ”, Kayla Bruun, Joe Biden, PublicSquare, Tony Welch, Danielle Hale, Shawn Ashworth, Ashworth, Maxx, Jeff Bezos Organizations: Federal, Walmart, New York Jets, Realtor.com, Berkeley Research, Goods, Auto Locations: U.S, ”, Florida, Miami, West Palm, Anchorage , Alaska

☆ Manhattan counterfeit goods: Two arrested in largest seizure in US history, retailing at more than $1 billion
▼ + stars: | 2023-11-16 | by ( Sara Smart | ) edition.cnn.com time to read: +1 min

CNN —Two people have been arrested in the largest seizure of counterfeit goods in US history, including knock-off designer goods with an estimated retail value of more than a billion dollars, officials in New York said. Sow and Jalloh ran the trafficking operation out of a Manhattan storage facility from January to October, the news release from the attorney’s office said. Counterfeit goods were also found during searches of separate locations controlled by Sow and Jalloh, according to prosecutors. NY/ Two arrested in largest counterfeit goods seizure in Manhattan, retailing at more than $1B U.S. Attorney's OfficeApproximately 219,000 counterfeit items with an estimated retail value of $1.03 billion were found during the seizure, including bags, clothes, shoes and other products, prosecutors said. The trafficking charge carries a maximum sentence of 10 years in prison, the attorney’s office said.

Persons: Adama Sow, Abdulai Jalloh, Jalloh, Damian Williams Organizations: CNN, US, Office, Southern, of, Attorney's Locations: New York, of New York, Sow, Manhattan, New York City

☆ Thanksgiving dinner will be less expensive this year. You can thank turkeys (and cooling inflation)
▼ + stars: | 2023-11-15 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +3 min

While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. But you can thank turkeys for the lower meal cost this Thanksgiving. “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. The Northeast has the most expensive meal price at $64.38 for the 12-item basket. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.

Persons: Wells Fargo, Michael Swanson, Veronica, Zippy Duvall Organizations: New, New York CNN, American Farm Bureau Federation, Bureau of Labor Statistics, US Department of Agriculture, CNN, USDA, Wells, Food Institute, cranberries Locations: New York, Turkey, Puerto Rico

☆ McDonald's and Crocs are releasing a line of $75 shoes inspired by Grimace and the Hamburglar
▼ + stars: | 2023-11-13 | by ( Nicolas Vega | ) www.cnbc.com time to read: 1 min

The home of the McNugget this week is rolling out a line of custom-designed clogs in collaboration with Crocs. The fast food-inspired lineup will feature three classic Crocs and one Crocs sandal based on McDonald's mascots Grimace, Hamburglar and Birdie, as well as the chain's classic red and yellow color scheme. The shoes will be released on November 14, retailing for between $70 and $75. Matching socks for each pair of shoes will retail for $20. Customers will be able to buy them at Crocs retail locations and wholesale partners.

Persons: McDonald's, Grimace, Hamburglar Organizations: Crocs, Mac

☆ 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

☆ Canadian Jury Finds Peter Nygard Guilty of Sexual Assault
▼ + stars: | 2023-11-12 | by ( Vipal Monga | ) www.wsj.com time to read: 1 min

Peter Nygard was the founder of Nygard International, which was once Canada’s largest women’s clothing manufacturer. Photo: Cole Burston/Bloomberg NewsTORONTO—Canadian fashion and retailing mogul Peter Nygard was found guilty in a Toronto court on Sunday of four counts of sexual assault. A jury, which deliberated for more than three days, also found Nygard not guilty on one other count of sexual assault and not guilty on a count of forcible confinement.

Persons: Peter Nygard, Cole Burston, Nygard Organizations: Nygard, Bloomberg News TORONTO Locations: Canadian, Toronto

☆ Warren Buffett's company is so massive it's like a mini US economy - and its latest earnings may stoke recession fears
▼ + stars: | 2023-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +7 min

The famed investor's company reported lower revenues and profits in several divisions last quarter. Here's a roundup of Berkshire's weak spots last quarter:BNSF Railway - operating revenues fell by 12% and earnings by 15%. Manufacturing: consumer products - revenues fell by 2% in the third quarter and 13% in the nine months to September. AdvertisementAdvertisementBuffett foreshadowed the challenges, warning in May that most of Berkshire's businesses would report profit declines this year. While the US has escaped recession so far, Berkshire's earnings suggest there are some cracks in the economy.

Persons: Warren, Berkshire Hathaway, Here's, —, Clayton, Buffett Organizations: Service, BNSF Railway, Manufacturing, Clayton Homes, Federal Reserve Locations: Berkshire, Forest

☆ A 'once-in-a-generation' market opportunity thanks to some unfamiliar names
▼ + stars: | 2023-11-06 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at why the market might be on the cusp of a once-in-a-generation investing moment (but not with the names you're familiar with). The big storyUnder the radarA trader looks at market charts on the floor of the New York Stock Exchange on January 18, 2023. Angela Weiss/AFP/Getty ImagesWhen it comes to the stock market, the real value is in the crumbs. AdvertisementAdvertisementThe former chief investment strategist at Merrill Lynch views the chance to get in on less-glamorous stocks as a "once-in-a-generation" opportunity. The end of the AI market boon.

Persons: —, Stanley, Angela Weiss, Richard Bernstein, Merrill Lynch, Insider's Jennifer Sor, Bernstein, Jennifer, Brendan McDermid, Fundstrat's Tom Lee, Charlie Munger, Warren Buffett's, Munger, there's, Berkshire Hathaway, Bill Smead, Smead, Kendrick Lamar's, Rishi Sunak, Linda Yaccarino, Hitler, Elon Musk, carles miro, Getty, Tyler Le, Gen Zers, Zers, Donald Trump, OpenAI, OpenAI DevDay, Adolphe Sax, Martha Stewart, Lexie Moreland, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, New York Stock Exchange, Getty, Bank of America, REUTERS, Elon, AI, Trump, Trump Organization, OpenAI Locations: Victoria, New York City, San Diego, London, New York

☆ Walmart is at work on a new degree-free message about getting hired at its corporate headquarters
▼ + stars: | 2023-11-01 | by ( Bob Woods | ) www.cnbc.com time to read: +10 min

"In prior years, people would pursue a cybersecurity college degree," Stomski said. At the same time, Wildavsky stressed that being dismissive about the value of a college degree is a mistake. "This is not about getting rid of college degrees," Stomski said, and she added that many of Walmart's corporate jobs will still require them. Examples of Walmart corporate roles that will not require college degrees including positions in operations and merchandising, but Stomski declined to be more specific. In August 2022, Walmart began eliminating around 200 corporate jobs as part of a restructuring effort amid a more challenging economic environment.

Persons: Terra, Stomski, We're, Lorraine Stomski, Julie Gehrki, Ben Wildavsky, Wildavsky, it's, —, OpenAI, We've, Colleen Ammerman, Walmart's Organizations: Walmart, Walmart Inc, Terra Fondriest, Bloomberg, Getty, Target, Southern New Hampshire University, University of Arizona, University of Denver, Google, IBM, Tesla, GM, Accenture, University of Virginia, College, Marines, LinkedIn, Harvard Business School Locations: Bentonville , Arkansas, workforces, U.S, Minnesota

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