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☆ Resale value of Gucci, Chanel, Louis Vuitton handbags is falling
▼ + stars: | 2023-01-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

“Demand for higher-priced luxury brands at resale is down, which is pushing prices for brands like Chanel, Gucci and Louis Vuitton down.”At the same time, she said, demand for previously owned lower-priced luxury brands — such as Miu Miu and Bottega Veneta — is up. They are no longer willing to pay the same price at resale that were willing to pay last year for brands like Hermes, Gucci and Louis Vuitton,” Skoda added. According to The RealReal’s Annual Luxury Consignment Report 2023, which was released Thursday, handbag resale prices fell 20% for Louis Vuitton, 17% for Gucci, 10% for Hermès and 9% for Chanel over the past 90 days. Resale prices are cooling somewhat for luxury handbag brands like Gucci and Louis Vuitton, according to The RealReal. As they embrace lower prices, resale shoppers have become less picky about the condition of the items they buy.

☆ Looking for a job in India? Hiring for these jobs is on the rise in 2023, according to LinkedIn
▼ + stars: | 2023-01-19 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +7 min

Its latest Jobs on the Rise data revealed spikes in hiring for growth specialists, technical workers and health-care professionals in Asia — among other jobs expected to grow in hiring well into 2023. Data annotatorMost common skills: Data analysis, accounting, data visualization Most common industries: Professional services, technology and media, manufacturing Average years of prior experience: 2.2 Remote job availability: N/A7. Actuarial associateRelated job titles: Actuarial consultant Most common skills: Actuarial science, visual basic for applications (VBA), insurance Most common industries: Professional services, financial services Average years of prior experience: 2 Remote job availability: 7.3%11. Acquisition associateMost common skills: Customer relationship management (CRM), business strategy, data analysis Most common industries: Technology and media, professional services, financial services Average years of prior experience: 2 Remote job availability: 31.3%13. Drone pilotMost common skills: Drone piloting, drone photography, drone mapping Most common industries: Manufacturing, transportation, logistics Average years of prior experience: 2.2 Remote job availability: 10.5%15.

Bed Bath & Beyond has been in discussions with prospective buyers and lenders as it works to keep its business afloat during a likely bankruptcy filing, according to people familiar with the matter. Comparable sales declined 32% year over year in the most recent fiscal quarter, ended Nov. 26. Last week, CNBC reported Bed Bath had begun another round of layoffs in an attempt to further cut costs. One possible buyer circling Bed Bath is private equity firm Sycamore Partners, according to the people familiar with the discussions. Bed Bath has also drawn interest from companies that acquire the intellectual property, or brands, of companies, particularly those under distress, the people said.

☆ The company Walgreens uses to target shoppers with ads on digital cooler doors is expanding its screens to more in-store locations
▼ + stars: | 2023-01-17 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Cooler Screens, which provides in-store ad screens on cooler doors, has detailed expansion plans. Cooler Screens, the company that provides "smart" digital advertising screens on refrigerator doors in Kroger, Walgreens, and Circle K locations, said Tuesday that plans are underway to extend its network to more screens at different areas inside stores. Cooler Screens currently offers a digital merchandising platform that brightly displays the products that sit inside a retailer's cooler units and additional advertising space. A slide from a Cooler Screens ad sales pitch deck, showcasing its plans for additional in-store billboards. Cooler Screens has raised more than $100 million in funding from investors including Verizon Ventures, Microsoft's M12 venture fund, and GreatPoint Ventures.

According to Orange County Superior Court records, Roiland pleaded not guilty to both charges in October 2020. Roiland was arrested and released on a $50,000 bond in August 2020 and arraigned in October 2020. Over the past three years, as the domestic violence case has inched along, Roiland’s career has progressed. Roiland also released the video game “High on Life” in 2022, which he developed through his studio Squanch Games. Roiland won an Emmy for “Rick and Morty” in 2020 and a Hollywood Critics Choice Association TV award for the show in 2022.

☆ U.S. House Republicans who bucked McCarthy are powered by small-dollar donors
▼ + stars: | 2023-01-11 | by ( Jason Lange | Joseph Ax | ) www.reuters.com time to read: +4 min

WASHINGTON (Reuters) - The U.S. House of Representatives Republicans who tried to block Kevin McCarthy’s leadership bid last week share more than far-right political views. That’s about twice the share reported by the rest of the Republican House conference. Trump raised massive amounts of cash from small donors, thanks to a supply of controversial statements that drew him constant media attention. Close to 60% of his funding came from small donors. Both Gaetz and Boebert were in the top 15 House Republican campaigns ranked by funds raised.

Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company’s executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince McMahon retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. From left, Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena in Las Vegas, on July 2, 2022. “I’d like to express my full support for Stephanie’s personal decision,” Vince McMahon said in a statement Tuesday.

☆ Bed Bath & Beyond reports quarterly loss, bankruptcy threat looms
▼ + stars: | 2023-01-10 | by ( ) www.reuters.com time to read: +2 min

Jan 10 (Reuters) - Bed Bath & Beyond Inc (BBBY.O) on Tuesday reported a quarterly loss of about $393 million after a tough holiday season that it hoped would provide a financial cushion to its months-long cash burn. The company did not say if it would file for bankruptcy after saying last week it was working with outside advisers to look at various options after years of weakening sales. Bed Bath & Beyond also said it started cost reductions of about $80 million to $100 million across the business, including overhead expenses and headcount. The big-box retailer is considering skipping its debt payments due on Feb. 1 in an effort to conserve cash ahead of a possible bankruptcy filing, Reuters reported earlier. Bed Bath & Beyond reported a $3.65 non-GAAP loss per share, missing Wall Street's estimates for a loss per share of $2.23.

☆ Bed Bath & Beyond reports wider-than-expected loss as possible bankruptcy looms
▼ + stars: | 2023-01-10 | by ( Melissa Repko | ) www.cnbc.com time to read: +3 min

A man is seen at a Bed Bath & Beyond store in New York, on Jan. 5, 2023. Bed Bath lost $393 million during the period, it said Tuesday, worse even than the $385.8 million quarterly loss it projected just last week and 42% larger than the loss it reported in the year-ago quarter. The quarterly losses include an approximately $100 million impairment charge, which the company said Tuesday was related to "certain store-level assets." Bed Bath's net losses have now exceeded $1.12 billion for the first nine months of the fiscal year. Namesake banner Bed Bath & Beyond's comparable sales dropped by 34% and Buybuy Baby's comparable sales declines were in the low-20% range.

☆ Bed Bath & Beyond is running out of time
▼ + stars: | 2023-01-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

CNN —Bed Bath & Beyond lost a third of its sales during the holiday run-up and is running out of options to avoid bankruptcy. Sales plunged in large part because Bed Bath & Beyond did not have enough stuff on shelves from suppliers. Bed Bath & Beyond previously announced that it would close around 150 stores by the end of its 2022 fiscal year and cut costs by $500 million, including by cutting jobs. Last week, Bed Bath & Beyond issued a grim message about its future, warning that a bankruptcy filing is a possible outcome for the company. Many shoppers switched to those competitors as the novelty of Bed Bath & Beyond’s coupons faded – consumers can find plenty of cheaper alternatives on Amazon (AMZN) and other online sites.

☆ Stephanie McMahon steps down as WWE co-CEO as her dad, Vince, returns as executive chairman
▼ + stars: | 2023-01-10 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

LAS VEGAS, NEVADA - JULY 02: Vince McMahon, Stephanie McMahon and Triple H attend the UFC 276 event at T-Mobile Arena on July 02, 2022 in Las Vegas, Nevada. Stephanie McMahon has resigned as WWE co-chief executive officer and chairwoman after her father, Vince, was unanimously re-elected as the company's executive chairman. Stephanie McMahon returned from a leave of absence in July to take over as co-CEO after Vince retired amid allegations of sexual misconduct. She informed staff Tuesday that she is again stepping down as Vince McMahon returns to facilitate a potential sale of the company. "I'd like to express my full support for Stephanie's personal decision," Vince McMahon said in a statement Tuesday.

☆ Vince McMahon is back at WWE to ensure a smooth sale process. Here's who might want to buy it
▼ + stars: | 2023-01-07 | by ( Alex Sherman | ) www.cnbc.com time to read: +8 min

WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. But it remains unclear what type of role, if any, McMahon would want at WWE if he sold the company. WWE has a market capitalization of more than $6 billion after rising nearly 17% percent on Friday, buoyed by heightened sale speculation. McMahon's company already has an exclusive streaming deal with Comcast's streaming service, Peacock, and a cable TV deal with NBCUniversal's USA Network. Fox sold off most of its entertainment assets in its $71 billion sale to Disney in 2019, but WWE fits with the smaller company's sports and live events focus.

☆ Macy's warns holiday-quarter will come in light, citing squeeze on shoppers' wallets
▼ + stars: | 2023-01-06 | by ( Melissa Repko | ) www.cnbc.com time to read: +2 min

Macy's on Friday warned its holiday-quarter sales will come in on the lighter side, saying consumers' budgets are under pressure and that it anticipates that squeeze to continue into this year. It expects adjusted diluted earnings per share to be in the previously issued range of $1.47 to $1.67. For the year-ago period, Macy's reported revenue of $8.67 billion and adjusted earnings per share of $2.45. As it orders inventory, Gennette said it is using customer data to pick the merchandise that will sell and caters to customers who are looking for fashionable items and also seeking value. Gennette, Macy's Chief Financial Officer Adrian Mitchell and Chief Merchandising Officer Nata Dvir, will participate in the investor conference next week.

☆ It's too early to share Wall Street's renewed optimism for mega-cap tech stocks
▼ + stars: | 2023-01-06 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

Some Wall Street analysts are starting to like Big Tech again, following the sector's beatdown in 2022. What Wall Street is saying Piper Sandler called out Club stocks Alphabet (GOOGL) and Amazon (AMZN) as top buys. As a result, Snapchat (SNAP) and Club name Meta Platforms (META) can now only track your activity outside of their own apps if you allow it. Piper analysts note that year-over-year comps for Amazon will be easier in 2023 than they were last year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Bed Bath & Beyond's road to potential bankruptcy
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: 1 min

Jan 5 (Reuters) - From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc (BBBY.O) has been on a largely downhill ride over the last few years. The company said on Thursday it was exploring options including a bankruptcy, which sources told Reuters could come within weeks. Here's a look at some of the major developments at the retailer over the past year:Reporting by Uday Sampath in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

☆ After a rescinded job offer, this millennial launched his own business
▼ + stars: | 2023-01-05 | by ( Jennifer Liu | ) www.cnbc.com time to read: +4 min

After months of frustrating dead-ends on the job hunt, Marquelle Turner-Gilchrist took matters into his own hands and became an accidental entrepreneur. But a few days after getting a job offer email in his inbox, he got a call from the CEO, who rescinded the job offer — explaining that the company was largely funded by crypto investors whose digital assets were losing value by the day. "I've heard of offers being rescinded," Turner-Gilchrist told CNBC Make It in June, noting that background checks or professional references sometimes don't pass muster. Beware job-search burnoutGoing public about his rescinded offer on social media led to an outpouring of encouragement and even a few job leads. After an exhausting few months, Turner-Gilchrist decided to stop applying to jobs altogether.

☆ Fans Search for Coveted Film Merch—Five Decades After a Movie’s Release
▼ + stars: | 2023-01-03 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

It’s been 48 years since “Dog Day Afternoon” hit theaters. But as of last week, you could purchase a brand-new hat reprising the film’s all-caps poster, down to its memorable tagline: “Incredible But True!”This hat is not officially licensed merch for Sidney Lumet’s twisty crime drama. It is an unsanctioned homage made by And After That, a teensy McAllen, Tx.-based clothing company that inventively—and often cheekily—pays homage to movies and bands with shirts, T-shirts and hoodies. Warner Bros. Discovery , the merchandising rights holder of “Dog Day Afternoon,” did not comment.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ Britain's charity stores are going upmarket
▼ + stars: | 2022-12-26 | by ( Grace Dean | ) www.businessinsider.com time to read: +13 min

Britain's charity shops are transforming as they try to appeal to Gen Z customers. The managers told Insider their retro and vintage stores were largely in urban areas with large student populations. Grace Dean/InsiderE-commerce for charity shops is completely different than e-commerce for retailers that sell large batches of new products. Nonessential retail stores had to shut their doors for months during the pandemic, which the Charity Retail Association estimated cost UK charity shops about £28 million, or $32 million, a month. But, as the aisles of charity shops across the UK show, a lot of people do choose to donate them.

☆ Why Liverpool and Manchester United, two giants of soccer, are up for sale at the same time
▼ + stars: | 2022-12-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +7 min

In November, the owners of first Liverpool and then Manchester United confirmed they were open to new investment offers, with the potential for full sales of the top flight English clubs. Meanwhile New York-listed shares in Manchester United popped 18% on the news on Nov. 23 that its owners were similarly opening themselves up to investment opportunities. Big money competition One recurring complaint Manchester United fans have had of the Glazers is a lack of investment in the club, across both facilities and players. Old Trafford Stadium, the home of Manchester United Football Club. "In the cases of Liverpool and Manchester United, both owners have held the clubs for a long time, and both assets have appreciated a lot as their leagues and brands and global fan bases have developed.

☆ Target hopes value-hungry shoppers will come to the rescue this holiday season
▼ + stars: | 2022-12-20 | by ( Melissa Repko | ) www.cnbc.com time to read: +5 min

Melissa Repko | CNBCTarget has more than 1,700 toys that are exclusive to its stores and website this holiday season. Target is also trying to cut through the noise of a more promotional holiday season. And, as shoppers juggle holiday parties and hit stores again, Target wants shoppers' store visits to be convenient and fun, said Cara Sylvester, chief guest experience officer. She said the goal is to be a "holiday happy place" where shoppers want to stay awhile and fill up their carts. Baker said investors hope to see signs Target's sales are picking up as the holiday rush gains steam.

☆ A weak economy will test consumers' wanderlust, but these stocks could prove resilient in 2023
▼ + stars: | 2022-12-20 | by ( Michelle Fox | ) www.cnbc.com time to read: +8 min

The U.S. Travel Association anticipates domestic leisure travel demand will hold up, although growth may be a bit slower in 2023. The stock has an average analyst rating of buy and 47% upside to the average price target, according to FactSet. Marriott has an average analyst rating of overweight and 13.5% upside to the average analyst price target, per FactSet. Norwegian has an average analyst rating of overweight and nearly 27% upside to the average analyst price target, while Royal Caribbean has an average analyst rating of overweight and about 24% upside to its average price target. However, Carnival has an average analyst rating of hold and 24% upside to the average price target.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Amazon to bring fantasy game 'Warhammer 40,000' onto screens
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - Amazon.com (AMZN.O) will bring popular fantasy game "Warhammer 40,000" to film and television screens, after the tech giant's content unit reached an agreement with Games Workshop Group (GAW.L), the British game developer said on Friday. Tolkien's "Lord of the Rings" novels - "The Rings of Power", which set a record debut in September for a Prime Video series. UK-based Games Workshop said Amazon will develop its intellectual property into film and television productions, adding that it will also grant merchandising rights to the U.S. company, beginning with the "Warhammer 40,000" universe. Games Workshop makes tabletop fantasy and futuristic battle games including "Warhammer 40,000", set in the 41st millennium. Reporting by Pushkala Aripaka in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Social media is a doubled-edged sword for entrepreneurs like Something Navy's founder Arielle Charnas
▼ + stars: | 2022-12-14 | by ( Alexandra York | Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

Arielle Charnas founded her blog Something Navy in 2009, which evolved into a clothing brand in 2020.Insider reported that Charnas detached from promoting her brand on social media, among other missteps. Charnas' behavior shows how social media can quickly build and destroy brand loyalty. Insider published a recent article outlining late merchandising payments, meager sales, an employee exodus, and Charnas' detachment from promoting her brand on social media. For example, Charnas didn't acknowledge hiring Betty Wang as company president on social media and has been frequently photographed sporting designer clothing instead of her own products. Charnas' behavior on social media shows the positive and negative impacts the platforms can have on a business, especially when they're vital to an entrepreneur's success.

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