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☆ I started a business where I got paid to play 'Dungeons & Dragons' with people. 3 years later, we run 180 games a month at our main studio, and I'm living the nerdworld dream.
▼ + stars: | 2024-11-27 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +5 min

Inspired by Critical Role, Najid and his partners opened a studio for paid D&D games in 2021. We began to get more bookings, and the single-room studio space wasn't enough. AdvertisementSetting up a proper studio space, too, has improved the player experience. There's also a community space outside our main studio, where people can hang out before and after their "D&D" games. Right now, I still run games — but I've limited it to a yearlong campaign for a small group of players.

Persons: Farez Najid, Najid, Shou Zi Chew, I'd, Cheryl Teh, Jodie Yeo, Dennet Krishnan, prepped, There's, We've Locations: Singapore

☆ Consumers are willing to pay full price when the product is good, says SW Retail’s Stacey Widlitz
▼ + stars: | 2024-11-27 | 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 EmailConsumers are willing to pay full price when the product is good, says SW Retail’s Stacey WidlitzCoresight Research CEO Deborah Weinswig and SW Retail Advisors’ Stacey Widlitz, join 'Power Lunch' to discuss the read on retail holiday shopping.

Persons: Stacey Widlitz, Deborah Weinswig, ’ Stacey Widlitz Organizations: Consumers

☆ Ikea warns Trump’s tariffs could push up prices
▼ + stars: | 2024-11-27 | by ( Hanna Ziady | ) edition.cnn.com time to read: +4 min

“We have never experienced a period of benefit when we had high tariffs,” he said, referring both to Ikea and the global economy. We will need to understand and adapt.”On Monday, President-elect Trump promised massive hikes in tariffs on goods coming from Mexico, Canada and China. The bulk of Ikea’s goods — some 70% — are produced in Europe, with the remaining 30% made in Asia, mostly China. Last year, Ikea cut prices on roughly 2,000 products — at a cost of more than €2 billion ($2.1 billion) — to give inflation-weary consumers a break. Ikea's Frakta bag displayed in Munich during a celebration of the brand's 50th anniversary in Germany on October 17, 2024.

Persons: Donald Trump’s, ” Jesper Brodin, ”, Trump, Claudia Sheinbaum, Tom Madrecki, General Mills, Molson, Ikea’s Brodin, Hus, Johannes Simon Organizations: London CNN, Ingka, CNN, Ikea, Consumer Brands Association, Molson Coors, Oxford Locations: Mexico, Canada, China, United States, Europe, Asia, Munich, Germany, Wembley, Croydon, London

☆ China's industrial profits fall by 10% in October as deflation worries linger
▼ + stars: | 2024-11-27 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. Industrial profits are a key gauge of the financial health of factories, mines and utilities in China. In the first ten months, profits at China's industrial firms decreased by 4.3% from a year ago, the National Bureau of Statistics said in a statement Wednesday. China's consumer price index in October rose slower than expected, edging up 0.3% from a year ago, marking the slowest rise since June. Meanwhile, producer price index fell 2.9% on year, showing that deflation deepened from the 2.8% drop in the prior month.

Persons: — CNBC's Evelyn Cheng Organizations: National Bureau of Statistics, PMI Locations: Oriental, Lianyungang Port, Lianyungang, China

☆ Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says
▼ + stars: | 2024-11-27 | by ( Spencer Kimball | ) www.cnbc.com time to read: +4 min

Exxon Mobil 's new businesses aimed at lowering carbon-dioxide emissions are a long-term growth engine that will deliver earnings by the end of the decade, according to UBS. UBS has a 12-month price target of $149 for Exxon, indicating about 22% upside from Friday's close of $121.79 per share. The oil major is investing some $20 billion in a suite of emissions-reducing businesses including carbon capture and storage, biofuels, lithium and hydrogen through 2027. Balanced growth Exxon's $20 billion investment in low-carbon businesses represents about 13% of the company's total capital expenditures through 2027. The company's downstream refining and retail sales business should grow earnings by $4 billion starting in 2027, according to UBS.

Persons: Josh Silverstein, Silverstein, Trump Organizations: Exxon Mobil, UBS, Exxon, U.S, Baytown Hydrogen Locations: U.S, Baytown, That's, Guyana

☆ How consumers plan to spend their money this holiday season
▼ + stars: | 2024-11-27 | 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 EmailHow consumers plan to spend their money this holiday seasonNaveen Jaggi, JLL Americas president of retail advisory services, joins 'Fast Money' to talk the kick off of the holiday shopping season.

Persons: Naveen Jaggi Organizations: JLL Locations: JLL Americas

☆ Stocks making the biggest moves midday: Nordstrom, Dell, SolarEdge Technologies and more
▼ + stars: | 2024-11-27 | by ( Hakyung Kim | In Hakyungkim | ) www.cnbc.com time to read: +4 min

Nordstrom's third-quarter revenue of $3.46 billion did come in above the $3.35 billion LSEG consensus. HP said it expects earnings, excluding items, to range between 70 cents per share and 76 cents per share, versus a FactSet estimate of 85 cents per share. Dell Technologies — The PC maker saw shares plunge 13% after the firm reported a revenue miss and forecast fourth-quarter revenue and earnings below Wall Street expectations. Autodesk expects earnings per share to be between $2.10 and $2.16, excluding items, and revenue of $1.623 billion to $1.638 billion. Analysts surveyed by LSEG were looking for earnings of $2.12 per share on $1.62 billion in revenue.

Persons: Nordstrom, Erik Nordstrom, Nordstrom's, Stocks, Robinhood, George Kurtz, Ambarella, LSEG, StreetAccount, Janesh Moorjani, SolarEdge, Symbotic, Yun Li, Tanaya Macheel, Michelle Fox, Jesse Pound, Samantha Subin, Sean Conlon Organizations: HP —, HP, Outfitters, LSEG, Revenue, Dell Technologies, Dell, Autodesk, SolarEdge Technologies

☆ Goldman's retail stock picks for Black Friday and the holidays
▼ + stars: | 2024-11-27 | by ( Pia Singh | In | ) www.cnbc.com time to read: +3 min

Goldman recently surveyed 1,000 U.S. consumers about their holiday shopping plans, sorted by channel, products and retailers. "We continue to see a healthy holiday shopping backdrop for retailers that offer strong value and innovation across their assortments," Roach said. Amazon remains one of the most popular retail destinations for holiday shopping, attracting slightly more interest compared to the prior year, according to Goldman. Target, another forecasted retail winner this season from Goldman, has lagged its retail peers this year, down 8% in 2024. Wrangler brand owner Kontoor Brands was also among Goldman's buy-rated picks that it thinks can offer strong value and product innovation.

Persons: Goldman Sachs, Goldman, Brooke Roach, Roach, LSEG, Kontoor Brands, Goldman's Organizations: Goldman, Walmart, Target, Kontoor Brands, Black, Kontoor

☆ Amazon is JPMorgan's best idea for the holidays
▼ + stars: | 2024-11-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Consider adding Amazon to your holiday stock shopping list, according to JPMorgan. Analyst Doug Anmuth named the stock its best idea heading into the holiday stretch, citing expectations for 7.5% year-over-year growth and online shopping market share gains. Shares have rallied 36% this year, with the firm's $250 price target implying 20% upside from Tuesday's close. "Amazon maintains a leading ~45% share of US e-comm & enters the holiday season with strong momentum from early holiday promotions, [same-day/1-day delivery], regionalization, expansion of the Prime ecosystem, & competitive prices," he wrote. Amazon shares have popped more than 35% year to date, and analysts see more upside ahead.

Persons: Doug Anmuth, Anmuth, Amazon's Organizations: JPMorgan

As part of the UGG Black Friday sale, the brand is offering up to 55% off select styles. Beyond just UGG shoes, this Black Friday you can find discounted UGG apparel, like loungewear and accessories, for creating head-to-toe cozy ensembles. Keep reading to discover our favorite UGG styles included in the sale. The best UGG Black Friday dealsUGG New Heights Clog $90.99 $130.00 Save 30% The New Heights suede clogs are a prime example of "cottagecore" fall fashion. View at ZapposFAQs on the UGG Black Friday saleWhen does the sale start and end?

Persons: Frankie Organizations: Business, UGG Locations: DSW, Zappos, United States

☆ Kohl's vows 'aggressive action' to reverse sliding sales following a 'frankly disappointing' quarter
▼ + stars: | 2024-11-27 | by ( Maria Noyen | ) www.businessinsider.com time to read: +3 min

Apparel and footwear sales struggled despite strong performances for Sephora and other categories. Growth in revenue from beauty sales at Sephora was one of the few rays of hope. Kohl's continues to fight an uphill battle after sales tumbled following missed opportunities, a decline in footfall, and an overreliance on its partnership with Sephora. "We are not satisfied with our performance and are taking aggressive action to reverse the sales declines," he said. Earlier this week Kohl's said Kingsbury would step down on January 15 after two years in the role.

Persons: Kohl's, Tom Kingsbury, Kingsbury, Ashley Buchanan, Kinsbury, Lexie Moreland, Claudia D'Arpizio, Bain, D'Arpizio Organizations: Sephora, WWD, Penske Media, Getty Locations: Sephora, footfall

☆ We should see consumer behave in healthier fashion moving forward: Neuberger Berman's John San Marco
▼ + stars: | 2024-11-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe should see consumer behave in healthier fashion moving forward: Neuberger Berman's John San MarcoJohn San Marco, Neuberger Berman portfolio manager, joins 'Closing Bell Overtime' to talk the recent slate of retail earnings, the impact of tariffs on consumers, and more.

Persons: Neuberger Berman's John San Marco John San Marco, Neuberger Berman

☆ The consumer is stressed, says Oppenheimer's Brian Nagel
▼ + stars: | 2024-11-27 | 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 EmailThe consumer is stressed, says Oppenheimer's Brian NagelBrian Nagel, Oppenheimer retail analyst, joins 'Closing Bell' to discuss the retail picture going into holiday shopping season.

Persons: Oppenheimer's Brian Nagel Brian Nagel, Oppenheimer

Many U.S. retailers are hoping to put the fall quarter behind them. But she said the company has begun to see holiday sales momentum now that the vote is over — with particular demand for computers, tablets and sales in its services department. Among those expecting stronger holiday sales Tuesday was Abercrombie & Fitch, which continues to see a sales renaissance. The trendy apparel chain now expects holiday quarter sales growth of 5% to 7%, ahead of the 4.8% growth that analysts had expected, CNBC reported. It also lifted its sales growth guidance for the full year.

Persons: Corie Barry, ” Barry, it's Organizations: U.S, GOP, Republicans, Conference Board, Abercrombie, Fitch, CNBC, New York Stock Exchange, Philadelphia Federal Reserve Locations: Burlington, U.S

Walmart on Monday confirmed that it’s ending some of its diversity initiatives, removing some LGBTQ-related merchandise from its website and winding down a nonprofit that funded programs for minorities. Walmart’s DEI changes were first reported by Bloomberg News. Among the changes, Walmart will no longer allow third-party sellers to sell some LGBTQ-themed items on Walmart’s website, including items marketed to transgender youth like chest binders, company spokeswoman Molly Blakeman said. It’s also moved away from using the term “diversity, equity and inclusion” or DEI in company documents, employee titles and employee resource groups. Walmart’s DEI changes were first reported by Bloomberg News.

Persons: Molson Coors, Bud, ” “ We’ve, Walmart’s, Molly Blakeman, George Floyd’s, It’s, Blakeman, Robby Starbuck, Starbuck Organizations: Walmart, U.S, Tractor Supply, Pride, Ford, Molson, Anheuser, Busch, Bud Light, Bloomberg News, Human Rights, for Racial Equity, Supply Locations: U.S ., America

☆ Trump says he plans to enact new tariffs on Canada, China and Mexico on his first day in his office
▼ + stars: | 2024-11-26 | by ( Zoë Richards | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Steve_Kopack.Jpg | ) www.nbcnews.com time to read: +3 min

President-elect Donald Trump on Monday said his incoming administration would slap new tariffs on imported goods from Mexico, Canada and China, solidifying a key campaign promise that could have a major impact on trade. Trump said that he would also seek to impose additional tariffs on China. Mexico and Canada are the United States’ top two trading partners, accounting for nearly 30% of trade volumes. Embassies for Canada, China and Mexico did not immediately respond to requests for comment on Monday night. The tariffs floated by Trump would upend one of the biggest economic deals of his first term.

Persons: Donald Trump, Trump, Joe Biden, Xi Jinping, Biden, Kamala Harris, ” Trump, Harris, Trump's, Arturo Sarukhan Organizations: Monday, United, United States ’, Democratic, Trump, Capitol, NBC News, National Retail Federation, CNBC Locations: Mexico, Canada, China, United States, United States of America, U.S, California

☆ Nordstrom tops Wall Street’s earnings expectations, as shoppers buy more clothes and shoes
▼ + stars: | 2024-11-26 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

Nordstrom on Tuesday beat Wall Street's quarterly sales expectations, as revenue grew about 4% year over year from shoppers buying clothing, shoes and activewear at both the company's namesake department store and its off-price chain. Compared with the second quarter, women's apparel, shoes and men's apparel sales in the fiscal third quarter also grew sequentially. Comparable sales increased 4% across Nordstrom's two brands, its namesake and its off-price chain, Nordstrom Rack. That easily topped analysts' expectations for 0.7% gains in comparable sales, according to StreetAccount. Nordstrom's sales growth, while modest, is notable at a time when sales of discretionary merchandise and the luxury category have been under pressure.

Persons: Nordstrom, Erik Nordstorm, we're, we'll, we've, Erik Nordstrom, Peter Nordstrom Organizations: LSEG, Nordstrom, Retailers, Walmart, El Puerto de Liverpool Locations: Chicago , Illinois, Seattle, Mexican, El Puerto

☆ Watch CNBC’s full interview with Abercrombie & Fitch CEO Fran Horowitz
▼ + stars: | 2024-11-26 | 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 EmailWatch CNBC’s full interview with Abercrombie & Fitch CEO Fran HorowitzFran Horowitz, Abercrombie & Fitch Co. CEO, joins 'Money Movers' to discuss the company's q3 earnings, weather impact on retail sector and tariffs.

Persons: Fran Horowitz Fran Horowitz Organizations: Abercrombie, Fitch, Fitch Co

☆ Consumers are still in a tough place, says Cowen's Oliver Chen
▼ + stars: | 2024-11-26 | 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 EmailConsumers are still in a tough place, says Cowen's Oliver ChenOliver Chen, Cowen analyst, joins 'Squawk on the Street' to discuss retail earnings and outlook for the sector with the upcoming holiday season.

Persons: Cowen's Oliver Chen Oliver Chen, Cowen Organizations: Consumers

☆ Couple launched a T-shirt side hustle that got endorsed by Oprah—their business could bring in $300,000 this year
▼ + stars: | 2024-11-26 | by ( Natalie Wu | ) www.cnbc.com time to read: +2 min

Ashley Green learned that when she was 21 years old: Her mom died suddenly, leaving her with only one picture of them together. The lesson inspired her and her husband Kenny Green to start a clothing company, Kaans Designs, while she was on maternity leave in 2014. Kaans Designs sells matching sets of shirts and apparel made for families' "perfect photo op," according to the company's website. On "Shark Tank," the Greens asked the show's panel of investor judges for $75,000, in exchange for a 15% equity stake in Kaans Designs. Their small business is profitable, they said — making $44,000 last year — and it's appeared on Oprah Winfrey's "favorite things" list twice.

Persons: Ashley Green, Kenny Green, Ashley, Kenny, sweatshirt, it's, Oprah Winfrey's Organizations: Kaans, Greens, CNBC Locations: Fort Wayne , Indiana

☆ Jim Cramer rapid fires today's retail earnings
▼ + stars: | 2024-11-26 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Jim Cramer rapid fires today's retail earnings'Mad Money' host Jim Cramer looks at how today's slate of retail earnings performed.

Persons: Jim Cramer

☆ I'm a mom of 5 and a CEO. My financial success means I can be more present with my kids and support other creatives.
▼ + stars: | 2024-11-26 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

There was a huge need for cosmetologists who could work on textured hair, so I opened a salon. There are no gender roles in our homeBrian and I always operate as a team, dividing business work and housework. I'd get the kids to school and open the salon, driving the only car that fits the whole family. Related storiesI'm operating in a different atmosphere, and I'm exposed to financial concepts I wasn't even aware of coming up. We help the kids financiallySince The Doux launched to major retail in 2017, our financial success has given us more flexibility to be present for our kids.

Persons: Smith, Brian, Maya Smith, I've, I'd, we've, Autopay, — Locations: Germany

☆ Jungle Ventures on hot sectors and themes for the Asian VC scene
▼ + stars: | 2024-11-26 | 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 EmailJungle Ventures on hot sectors and themes for the Asian VC sceneAmit Anand of Jungle Ventures talks about trends he sees from Venture Capital investors and and founders in Asia. He notes that retail has surpassed FinTech in investments, and sees new sectors like blockchain, food and agri-tech, and health tech emerging. Amit also emphasizes the importance of responsible investing to build great companies, growing the VC ecosystem.

Persons: Amit Anand, Amit Organizations: Ventures, Jungle Ventures, Venture Capital Locations: Asia

☆ I bought a vintage Chanel handbag for $2050 in 2015 and sold it for $2000 in 2024. The girl math speaks for itself.
▼ + stars: | 2024-11-26 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +3 min

AdvertisementKoyaana Redstar, a vintage luxury handbag expert, swears by resale handbags. She said she bought a Chanel Boy bag for $2050 in 2015 and sold it for $2000 in 2024. I paid $2,050 for it in 2015 at Rebag, a luxury resale company. A black leather Chanel Boy handbag. But don't buy designer handbags just to resell themLuxury handbags from Bottega Veneta and Hermes.

Persons: Koyaana Redstar, I've, Edward Berthelot, Louis Vuitton, MIGUEL MEDINA, Hermes, Jeremy Moeller, consigners Organizations: Luxe, Rebag, Getty, Bottega Locations: Rebag, Paris, France, AFP, Bottega Veneta

☆ Why Americans Love Aldi; Food Inflation, Budget, Discount Groceries
▼ + stars: | 2024-11-26 | by ( Alex Bitter | ) www.businessinsider.com time to read: +11 min

She usually shopped at Publix, but in 2021, when inflation was sending grocery prices soaring, her curiosity got the better of her. AdvertisementAs grocery prices have jumped by double digits over the past few years, people have felt the sting. So how did a German grocery chain find such a ravenous following in America? For comparison, about 20% of groceries sold in the US last year were store brands, according to the Food Marketing Institute. He expects to see even more Aldi stores opening.

Persons: Julie Herron, Herron, Theo, Karl Albrecht, Aldi, wasn't, Oscar Mayer, Gen Z, Scott Patton, Patton, Joe's, there's, Phil Lempert, She's, Lempert, it's, Dunnhumby, Zak Stambor, I'm, Trump, Jason Hart, they'll, Alex Bitter Organizations: Aldi, Kroger, Foods, Iowa City, Employees, Bank of America, Food Marketing Institute, Aldi USA, Costco, Facebook, Southeastern Grocers, Winn, EMARKETER, Business, Walmart Locations: Nashville, Aldi, Euromonitor, America, Germany, Iowa City , Iowa, Charlotte , North Carolina, Wisconsin, Florida, Washington and Colorado, Illinois

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