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☆ Goldman says these overlooked companies will play a key role in a more sustainable economy
  + stars: | 2023-02-07 | by ( Pia Singh | ) www.cnbc.com   time to read: +8 min
Goldman analysts highlighted several service-oriented companies that they view as drivers of the inner loop of the circular economy transition. 'Inner loop' companies Here are the companies Goldman identified, and what Wall Street thinks about them. Impinj has an average target price of $128.86, which means the company stands to gain 4.2% from its close on Monday. Tupperware 's stock price is up 1.8% so far this year, sliding into the green after its shares declined by 73% over the past year. Caterpillar 's stock price has edged up 5% this year, and gained over 25% in the past year.
☆ How shopping sites are using psychology to trick you into spending more — and 3 ways to avoid them
  + stars: | 2023-01-31 | by ( Avery Hartmans | Danni Santana | ) www.businessinsider.com   time to read: +10 min
Online retailers use psychological tricks and tools to get consumers to make purchases. Offering incentives for adding more items to online carts like free shipping is another example of the psychological tricks a retailer can play. Buy online, pick up in storeBuy online, pick up instore was all the rage during the pandemic. So much of how we shop and make purchase decisions is subconscious, he said, and while you may rationally know that scarcity is a marketing tactic, your subconscious doesn't. Tips for avoiding retailers' marketing tricksJust being aware of these marketing tactics isn't enough to protect you from them, Goldberg said.
☆ A cruise ship dancer and musician reveal what it's like to be entertainers at sea
  + stars: | 2023-01-16 | by ( Hannah Towey | ) www.businessinsider.com   time to read: +6 min
From actors to musicians, cruise ships employee dozens of performers to entertain guests on board. A Royal Caribbean singer and dancer told Insider what it's like to live and work on a cruise ship. "When you're like a gigging musician like me, it's just a hustle on land," James told Insider. On Royal Caribbean ships, passengers can see Broadway classics like "Mamma Mia" and "Grease," ice spectaculars, and "aqua shows" with performances from dancers, divers, and artistic swimmers. Do you work on a cruise ship?
☆ Factbox: The 10 biggest U.S. retail bankruptcies in 5 years
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +4 min
J.C. PenneyAssets: $7.99 billionLiabilities: $7.16 billionStores: 846After more than a century in business, the department store chain filed for bankruptcy protection in May 2020, weighed down by mounting debt. At the time, its bankruptcy was the biggest collapse of a U.S. retailer by assets since Kmart in 2002. It soon emerged from bankruptcy with much of its store base intact and $400 million in fresh financial aid. Tailored BrandsAssets: $2.48 billionLiabilities: $2.84 billionStores: Over 1,400The owner of tuxedo and business suit chain Men's Wearhouse filed for bankruptcy in August 2020. It emerged from bankruptcy just days short of a year since it filed for bankruptcy under a new name, Premier Brands.
☆ How Southwest Airlines Melted Down
  + stars: | 2022-12-29 | by ( Alison Sider | ) www.wsj.com   time to read: 1 min
When Southwest Airlines Co. reassigns crews after flight disruptions, it typically relies on a system called SkySolver. This Christmas, SkySolver not only didn’t solve much, it also helped create the worst industry meltdown in recent memory. Airline executives and labor leaders point to inadequate technology systems, in particular SkySolver, as one reason why a brutal winter storm turned into a debacle. SkySolver was overwhelmed by the scale of the task of sorting out which pilots and flight attendants could work which flights, Southwest executives said. Crew schedulers instead had to comb through records by hand.
☆ The legendary SR-71 spy plane first flew 58 years ago, and enemy jets and missiles could never catch up
  + stars: | 2022-12-23 | by ( Brent M. Eastwood | ) www.businessinsider.com   time to read: +5 min
The spy plane set a number of flight speed records. Spy planes such as the SR-71 Blackbird could really boogey. This allowed it to outrun and evade over 4,000 enemy missiles that were fired at it over the years. Sometimes enemy radar worked; sometimes it didn'tThe SR-71 Blackbird Judson Brohmer/USAFAnother thing that helped the SR-71 was its reduced radar cross section. The Swedes came closeAn underside view of an SR-71 Blackbird strategic reconnaissance aircraft in flight at an undisclosed location.
☆ Alex Mill CEO Mickey Drexler on retail: I am not very optimistic about this holiday season
  + stars: | 2022-12-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAlex Mill CEO Mickey Drexler on retail: I am not very optimistic about this holiday seasonMickey Drexler, chief executive officer of Alex Mill and former chairman and CEO of J. Crew, joins CNBC's 'Squawk Box' to discuss how this holiday shopping season compares to years prior.
☆ Jan. 6 report Trump cameos and criminal referrals may impact 2024
  + stars: | 2022-12-21 | by ( Noah Bookbinder | Noah Bookbinder Is The Executive Director Of Citizens For Responsibility | Ethics In Washington. He Is A Former Federal Corruption Prosecutor. | ) www.nbcnews.com   time to read: +6 min
On Monday, the Jan. 6 committee made history by approving a criminal referral for former President Donald Trump. Today, the committee will release its full report on the insurrection — hundreds of pages packed with evidence, witness statements and bombshells. It is crucial that courts and secretaries of state simultaneously remove Trump from the presidential ballot in 2024. While federal prosecutors should move forward with investigating and charging Trump for criminal insurrection, it is crucial that courts and secretaries of state simultaneously remove Trump from the presidential ballot in 2024. In fact, it’s been used to disqualify someone from office for participating in the very insurrection Trump incited.
☆ For this company, decorating Park Avenue for Christmas is a family tradition
  + stars: | 2022-12-18 | by ( Molly Kaiser | ) www.cnbc.com   time to read: +4 min
The business has maintained the avenue's grassy medians – known as the Park Avenue Malls – for 50 years. Christmas tress installed by City-Scape Landscaping on Park Avenue in New York. "I don't think Park Avenue would have quite the same glamour if the median walls weren't in place," said Vincent Sofield's son, Dylan. "It's people's front yard, front gardens along Park Avenue," said the group's president, Barbara McLaughlin. Christmas tress installed by City-Scape Landscaping on Park Avenue in New York.
☆ Air India has ordered its cabin crew to dye their gray hair, report says
  + stars: | 2022-11-27 | by ( Hannah Williams | ) www.businessinsider.com   time to read: +3 min
Air India has implemented a new set of regulations regarding the appearance of its cabin crew. Some rules focus on cabin crew hair, especially if it indicates aging. Male cabin crew members are allowed to wear wedding bands. Earlier this year, Tata Group circulated a new policy that required Air India cabin crew to undergo body mass index and weight checks before flights. Air India argued that overweight crew could be a hazard in an emergency, but the Air India cabin crew union objected citing concerns about crew members' mental health and the lack of a medical professional present at the checks, India Today previously reported.
☆ Don't bank on free returns: 60% of retailers roll out stricter policies
  + stars: | 2022-11-25 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +4 min
Roughly 60% of retailers said they're making changes to existing returns policies, with fewer promising free returns, according to a recent survey of retail executives. "These adjustments in return policies are not there to cover costs," Kieboom said. "The more money retailers lose on returns the more they have to make up for that by raising prices," Beitelspacher said. How to avoid return feesStill, shoppers love free returns almost as much as they love free shipping. In fact, 98% of consumers said that free shipping was the most important consideration when shopping online, followed by more than three-quarters who said the same about free returns, according to a recent report by PowerReviews.
☆ Retailers are gearing up for the holiday shopping season as more gift-giving and holiday parties mean more returns
  + stars: | 2022-11-23 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
Retailers incur $166 million in returns for every $1 billion in sales, NRF survey finds. According to the Fox report, Walmart has relaxed its return policies as holiday shopping gets underway. In a November press release, the NRF predicted that holiday shopping during November and December will grow between 6% and 8% over 2021 to between $942.6 billion and $960.4 billion. According to an NRF survey, retailers incur $166 million in merchandise returns for every $1 billion in sales and lose over $10 to return fraud for every $100 of returned merchandise accepted. Although a looming recession fuels the possibility of returns and wardrobing, NRF President and CEO Matthew Shay says Americans will find a way to shop this season.
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☆ Holiday setback? Fmr. Gap and J. Crew CEO Mickey Drexler delivers apparel retail warning
  + stars: | 2022-11-15 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHoliday setback? Crew CEO Mickey Drexler delivers apparel retail warningAlex Mill CEO Mickey Drexler on what to expect from the rest of retail earnings. With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Steve Grasso, Mike Khouw and Karen Finerman.
☆ Free returns may soon be a thing of the past as retailers roll out stricter policies
  + stars: | 2022-11-04 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +3 min
Crew (which was once well-known for a generous return policy that spanned the lifetime of a garment) have shortened their regular return windows to within a month. Changing the return policy is an easier pill for the costumer to swallow than an increase in the purchase price. "Changing the return policy is an easier pill for the costumer to swallow than an increase in the purchase price." How to avoid return feesStill, shoppers love free returns almost as much as they love free shipping. In fact, 98% of consumers said that free shipping was the most important consideration when shopping online, followed by more than three-quarters who said the same about free returns, according to a recent report by PowerReviews.
☆ New videos from a sailor show 'horrible' polluted drinking water on a US Navy aircraft carrier
  + stars: | 2022-10-27 | by ( Jake Epstein | ) www.businessinsider.com   time to read: +9 min
The US Navy found drinking water on an aircraft carrier was polluted with bacteria and bilge water. Videos shared with Insider by a USS Abraham Lincoln sailor show murky water bubbling out of drinking fountains and sinks on September 21-22. The sailor told Insider that the water smelled and tasted "horrible" and said "you can't escape it." One sailor told Insider "it was horrible" and that at times the water the crew used to drink, bathe, and cook appeared "black." The Lincoln is the second aircraft carrier to deal with water contamination within the last few weeks.
☆ A multimillion-dollar war against mosquitoes is underway in Florida after Hurricane Ian
  + stars: | 2022-10-23 | by ( ) www.nbcnews.com   time to read: +9 min
"The mosquitoes are out there, and they’re biting," said Eric Jackson, the deputy director of the Lee County Mosquito Control Division. The Lee County Mosquito Control District, a special district in one of the communities hit hardest by Ian, employs about 100 workers, Jackson said. Anne Askew, a biologist in the Lee County Mosquito Control District's Larviciding Department, uses a microscope to identify mosquito species. Lee County Mosquito Control DistrictIn Lee County, where Fort Myers is located, mosquito counts in the traps began to spike about a week after Ian. Florida officials don’t think federal help will be necessary, though Hurricane Ian’s damage has created challenges for mosquito control workers.
☆ Former J. Crew chief Jenna Lyons to join 'Real Housewives of New York City' cast
  + stars: | 2022-10-17 | by ( Zachary Schermele | ) www.nbcnews.com   time to read: +3 min
Jenna Lyons, the New York City fashion designer who was famously outed by the New York Post over a decade ago, will join the cast of “The Real Housewives of New York City” next year for the show’s 14th season. Lyons will be the first queer housewife to join the franchise’s New York City series as one of its seven new cast members. Their romantic relationship was revealed by the New York Post after someone spotted Lyons and Crangi at a New York restaurant amid Lyons’ divorce. The New York Post was asking if she would like to confirm or deny that she was “seeing a woman,” they said. GLAAD, the world’s largest LGBTQ media advocacy organization, praised the decision to cast Lyons.
☆ These retail chains may not survive a recession
  + stars: | 2022-10-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com   time to read: +4 min
New York CNN Business —America’s retail chains have proven surprisingly strong during the pandemic. At the beginning of the pandemic, stores temporarily closed to halt the spread of Covid-19 and retail sales tumbled. “That wave of defaults effectively flushed out a lot of debt and unprofitable stores from the sector,” Sokolyanska said. Retail sales quickly recovered thanks to federal stimulus checks, growing personal savings accounts and pent-up consumer demand. Retail sales remain above pre-pandemic levels and more stores have announced openings than closings this year.
☆ SpaceX will fly Russian cosmonauts to the ISS under new NASA deal with Russia's space agency
  + stars: | 2022-07-18 | by ( Kate Duffy | ) www.businessinsider.com   time to read: +2 min
NASA's deal with Roscosmos means SpaceX will launch Russian cosmonauts to the ISS this year. In September, Anna Kikina will be the first Russian to launch on SpaceX's Crew Dragon, per Reuters. Meanwhile, US astronaut Frank Rubio will fly from Russia's Cosmodrome launch site, NASA told Reuters. In exchange, cosmonaut Anna Kikina will launch on SpaceX's Crew Dragon from NASA's Kennedy Space Center in Florida, NASA said. Not long after the deal was announced, Russian President Vladimir Putin fired Dmitry Rogozin as Russia's space chief, the Kremlin announced on Friday.
☆ J. Crew has filed for bankruptcy: The rise and fall of America's iconic preppy clothing brand
  + stars: | 2020-05-04 | by ( Mary Hanbury | ) www.businessinsider.com   time to read: +1 min
On May 4, the company announced that it had filed for Chapter 11 bankruptcy protection, making it the first major retailer to fail during the pandemic. AP Photo/Gene J. PuskarThe company said that it had reached an agreement with its lenders to convert about $1.65 billion of its debt into equity. It has also secured $400 million in funding from its lenders to navigate its way through the restructuring process. "This agreement with our lenders represents a critical milestone in the ongoing process to transform our business with the goal of driving long-term, sustainable growth for J. Crew and further enhancing Madewell's growth momentum," CEO Jan Singer said in a statement on Monday.
☆ From rings to cakes, Costco has what you need for a budget wedding
  + stars: | 2019-06-28 | by ( Shoshy Ciment | ) www.businessinsider.com   time to read: +1 min
The bridal industry is struggling across the board. As younger people want to spend less on their weddings and engagements, the business of bridal stores is in a precarious place. We explored Costco — our favorite bulk-item superstore — and made a guide to help you plan the wedding of your dreams on a budget. IBISWorld measured that the Bridal Stores industry has grown by zero percent in the last five years. From diamond engagement rings to towering wedding cakes, here's our guide for how to plan a discount wedding from Costco.
Persons: there's, Crew, Read, Muhammad Ali Organizations: Costco, Service, Bridal Locations: Wall, Silicon
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