McDonald’s black franchisees are leaving the chain as cash flow disparity between them and white counterparts grows

McDonald’s black franchisees are choosing to leave the chain as the disparity in performance between their restaurants and their white counterparts grows, Business Insider reported Monday. The average cash flow of black franchises is much less than the average cash flow of all of the chain’s restaurants, the report said, citing franchisees, former corporate employees and internal documents viewed by Business Insider. In 2008, there were about 304 black franchisees at the chain, but by 2017, ther


McDonald’s black franchisees are choosing to leave the chain as the disparity in performance between their restaurants and their white counterparts grows, Business Insider reported Monday.
The average cash flow of black franchises is much less than the average cash flow of all of the chain’s restaurants, the report said, citing franchisees, former corporate employees and internal documents viewed by Business Insider.
In 2008, there were about 304 black franchisees at the chain, but by 2017, ther
McDonald’s black franchisees are leaving the chain as cash flow disparity between them and white counterparts grows Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: mallika mitra, amelia lucas
Keywords: news, cnbc, companies, white, leaving, chain, insider, mcdonalds, franchises, ceo, black, nbmoa, grows, counterparts, business, owners, documents, cash, franchisees, flow, disparity


McDonald's black franchisees are leaving the chain as cash flow disparity between them and white counterparts grows

McDonald’s black franchisees are choosing to leave the chain as the disparity in performance between their restaurants and their white counterparts grows, Business Insider reported Monday.

The average cash flow of black franchises is much less than the average cash flow of all of the chain’s restaurants, the report said, citing franchisees, former corporate employees and internal documents viewed by Business Insider.

The gap has grown over time. In 2012, it was less than $24,600 per monthand in 2017, it was about $60,600, according to documents from the National Black McDonald’s Owners Association, or NBMOA, cited by Business Insider.

Some African American franchise owners are leaving the system. In 2008, there were about 304 black franchisees at the chain, but by 2017, there were 222, according to documents from NBMOA.

McDonald’s did not immediately respond to CNBC’s request for comment.

However, the company issued a statement to Business Insider in late November that said it “is among our top priorities that all McDonald’s franchises in all communities have the opportunity to prosper, grow and achieve their business ambitions.”

It added: “These efforts are rooted in our core belief that diversity and a vibrant, inclusive and respectful McDonald’s makes us stronger. McDonald’s is proud to create opportunities for entrepreneurship, economic growth and mobility in communities across the country.”

Business Insider’s report said that black franchises are much more likely to be located in places where sales are lower and costs like security are higher.

“In general the trajectory of the treatment of African American Owners is moving backwards,” Larry Tripplett, the CEO of NBMOA, said in a letter obtained by Business Insider to east and west zone presidents in March. “Through no fault of our own we lag behind the general market in all measures.”

McDonald’s reviews data from franchisees, including financial qualifications, where they live and whether they are able to meet corporate standards. According to Business Insider, multiple franchisees said they were unable to buy stores with higher cash flows due to their financial situations or other factors.

Another concern is a decline in the black leadership at the company. McDonald’s lost many of its black leaders during the 2018 restructuring of its U.S. field organization, Business Insider reported.

In November, Chris Kempczinski took over as the company’s CEO after McDonald’s fired its former CEO Steve Easterbrook for having a consensual relationship with an employee, which violated its policy.

On the day of Easterbrook’s departure, Tripplett said in his NBMOA letter, “We are cautiously optimistic about some of the results we are beginning to see.”

Read the full story from Business Insider.


Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: mallika mitra, amelia lucas
Keywords: news, cnbc, companies, white, leaving, chain, insider, mcdonalds, franchises, ceo, black, nbmoa, grows, counterparts, business, owners, documents, cash, franchisees, flow, disparity


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These people turned their side gigs into full-time jobs

“By early 2018, I had booked so many weddings that I realized there was no way I could also have a full-time job that fall,” Schaefer said. Eight out of 10 of people with side gigs are interested in making them full-time jobs, the survey found. Sarah Petty founder, Sarah Petty Photography & Joy of MarketingPetty’s rookie mistake was that she first charged below-market rates for her work, which stunted her profitability. Managing the loss of your employer benefitsEric Rosenberg, 32, quit his job


“By early 2018, I had booked so many weddings that I realized there was no way I could also have a full-time job that fall,” Schaefer said.
Eight out of 10 of people with side gigs are interested in making them full-time jobs, the survey found.
Sarah Petty founder, Sarah Petty Photography & Joy of MarketingPetty’s rookie mistake was that she first charged below-market rates for her work, which stunted her profitability.
Managing the loss of your employer benefitsEric Rosenberg, 32, quit his job
These people turned their side gigs into full-time jobs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: mallika mitra
Keywords: news, cnbc, companies, fulltime, personal, wedding, jobs, gigs, job, business, marketing, finance, started, turned, sarah, petty


These people turned their side gigs into full-time jobs

Lauren Schaefer, 31, was managing events for the Columbia University Graduate School of Journalism when she quit to start her own wedding coordination company. Source: Lauren Schaefer

When Lauren Schaefer started planning weddings, she never imagined it would become a full-time job. The 31-year-old worked in the events management industry for 10 years before she started her own company. When her friends started getting married in 2015, she helped run their ceremonies as her wedding gifts. In 2016, she was working on an event in New York when the manager of the venue asked if he could refer her to others — and whether she had a website. So she made one — and the referrals started rolling in. “By early 2018, I had booked so many weddings that I realized there was no way I could also have a full-time job that fall,” Schaefer said. More from Personal Finance:

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Four steps to make your home renovation a bit less painful So she quit her job planning events for the Columbia University Graduate School of Journalism and embraced wedding planning full time. Now, she oversees seven employees at Your Wedding by Lauren, the wedding coordination business she founded, with services in New York, Nashville and Chicago. More than half of Americans report having had a side gig at some point, according to a survey by SunTrust Banks. The company polled 2,028 adults in July. Eight out of 10 of people with side gigs are interested in making them full-time jobs, the survey found. But if turning that side hustle into a full-time job is your dream, there are several things to consider, such as losing your employer benefits and saving up enough to make the leap.

Preparing for the jump

Schaefer crunched numbers to determine how many weddings she would need to take on to cover her business costs and living expenses before making her side gig a full-time job in July 2018. She also reduced costs by moving to a less expensive apartment in New York. “I pretty much got all my finances down to the bare minimum,” the wedding planner said.

It’s also important to determine what kind of business entity you’ll start before you make the leap, according to David Totah, a certified financial planner and senior wealth advisor at Exencial Wealth Advisors in Plano, Texas. There are different reasons to pick each type of business, including sole proprietorship, limited liability companies (LLC), partnerships, corporations and S corporations. An LLC, for example, protects the owner’s personal assets, so they won’t be at risk if the company goes bankrupt or faces legal issues.

Learning to run a business

Sarah Petty, 50, left her job at a marketing agency to start a photography business. Source: Sarah Petty

Just because you have a talent, doesn’t mean you’re ready to run a business. Sarah Petty, 50, learned this the hard way. The Springfield, Illinois, resident was a marketing director at an advertising agency when she got pregnant with twins and decided she wanted to stay at home. Petty had been taking portraits of her friends’ kids and getting referred to others, so she rented a small studio in 2001 and decided to make photography her full-time job. “I had a mortgage and I had two babies to feed,” Petty said. “We were living on two incomes and, all of a sudden, one of them was gone.”

You have to have the business, pricing and selling skills. Sarah Petty founder, Sarah Petty Photography & Joy of Marketing

Petty’s rookie mistake was that she first charged below-market rates for her work, which stunted her profitability. Her error became a valuable lesson: She found other photographers with profitable businesses and paid them to teach her for the day. That way, she got her questions about pricing and selling answered quickly. “You’d think having two business degrees and working at a marketing agency, you would easily succeed,” said Petty, who later founded a second business, Joy of Marketing, which provides marketing strategies to photographers. “You have to have the business, pricing and selling skills.”

Managing the loss of your employer benefits

Eric Rosenberg, 32, quit his job in finance to turn his personal finance blog into a full-time job. Source: Eric Rosenberg

Eric Rosenberg, 34, turned the personal finance blog he wrote while he worked in corporate finance and accounting into a full-time job as a finance writer. But walking away from his job was definitely a risk. “The health insurance was the biggest concern,” said Rosenberg, who had to purchase his own health insurance coverage after leaving his 9-to-5 job. Companies will tell you that the benefits they pay you equal about 20% to 30% of your salary, Exencial’s Totah said — but when you’re your own boss, you don’t have an employer paying that for you. Self-employed people should also determine if they need disability and business liability insurance, he added.

Saving for retirement

Even though you no longer have your employer’s retirement savings benefits, the need to save doesn’t change. One option is a Roth individual retirement account, which will allow you to contribute after-tax dollars that will grow free of taxes. You can add up to $6,000 in a Roth IRA in 2019 and 2020, plus $1,000 if you’re age 50 or over. Another option is a simplified employee pension IRA (SEP IRA), which is easy to set up and has low administrative costs.


Company: cnbc, Activity: cnbc, Date: 2019-12-09  Authors: mallika mitra
Keywords: news, cnbc, companies, fulltime, personal, wedding, jobs, gigs, job, business, marketing, finance, started, turned, sarah, petty


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Most consumers expect to return gifts this holiday season

One way for retailers to make sales during the holidays is to expect a good amount of the items will be coming back. This year, 77% of consumers plan to return some of their gifts and nearly 20% expect to return more than half, according to a survey by Oracle of 15,800 consumers. Consumers have become pickier, and while people used to return gifts sneakily, now they’re upfront about it, Yarrow said. “Consumers are making it clear that returning and exchanging gifts is okay.” Before heading into


One way for retailers to make sales during the holidays is to expect a good amount of the items will be coming back.
This year, 77% of consumers plan to return some of their gifts and nearly 20% expect to return more than half, according to a survey by Oracle of 15,800 consumers.
Consumers have become pickier, and while people used to return gifts sneakily, now they’re upfront about it, Yarrow said.
“Consumers are making it clear that returning and exchanging gifts is okay.”
Before heading into
Most consumers expect to return gifts this holiday season Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, stores, season, returning, return, perner, consumers, shoppers, good, expect, holiday, think, gifts, recipient, yarrow


Most consumers expect to return gifts this holiday season

One way for retailers to make sales during the holidays is to expect a good amount of the items will be coming back.

This year, 77% of consumers plan to return some of their gifts and nearly 20% expect to return more than half, according to a survey by Oracle of 15,800 consumers. Experts say the thought process behind purchasing gifts has shifted.

“They have given a retailer their money, but they haven’t given them the promise of keeping it,” said Kit Yarrow, a consumer psychologist, about shoppers. “There’s a whole different mentality around ownership.”

Consumers have become pickier, and while people used to return gifts sneakily, now they’re upfront about it, Yarrow said.

“Consumers are making it clear that returning and exchanging gifts is okay.”

As gift-returning has grown, shoppers are more likely to go to stores that have generous return policies so the recipient can take back the gift if they choose, said Lars Perner, assistant professor of clinical marketing at the University of Southern California Marshall School of Business.

Before heading into stores, shoppers even think about returning the gifts themselves — before the gifts even get to the intended recipient. Sometimes, it is so the shopper can safeguard their shopping trips. Knowing they can return a purchase allows them to leave the store with a gift but also provides a chance to buy something better if it comes along.

“They think, ‘Here’s a potential good deal … but if I can get something better, I reserve the right to exchange it,'” Perner said.


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, stores, season, returning, return, perner, consumers, shoppers, good, expect, holiday, think, gifts, recipient, yarrow


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Target and Walmart are a threat to Amazon this Cyber Monday

Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday. Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions. Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. “Retailers have gone from


Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday.
Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions.
Walmart took in 51% more than last year, while Target followed close behind with a 47% increase.
“Retailers have gone from
Target and Walmart are a threat to Amazon this Cyber Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, online, stores, investing, according, site, walmart, cyber, amazon, ecommerce, spending, threat, target


Target and Walmart are a threat to Amazon this Cyber Monday

Amazon has become a huge threat to big-box stores in recent years, but those retailers may be making a comeback this Cyber Monday.

Walmart and Target had bigger jumps than Amazon in online customer spending during the first two weeks of November compared with the same period last year, according research firm Edison Trends, which looked at more than 1.2 million transactions.

Walmart took in 51% more than last year, while Target followed close behind with a 47% increase. Amazon’s customer spending grew just 32%.

As retailers battle for market share, they are investing in their e-commerce options, and integrating them with brick-and-mortar stores. This includes adding more products to their online shops, offering in-store pick up for items purchased online and direct shipping from stores to customers’ houses, according to Nomura Instinet analyst Michael Baker. These companies are also investing in the infrastructure of their websites to allow them to handle big shopping days like Cyber Monday.

“Retailers have gone from being in denial about the potential threat of e-commerce to accepting that e-commerce is a real threat and investing to take advantage of the omnichannel asset,” Baker said.

They’re realizing that they can compete with Amazon to win back market share, he added.

There is a lot of competing to be done. Amazon sees more users start with its site when online shopping than on any other site, including Google, according to a recent report by Bain & Co.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, online, stores, investing, according, site, walmart, cyber, amazon, ecommerce, spending, threat, target


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Cyber Monday shoppers on track to hit a record $9.4 billion, Adobe says

Cyber Monday shoppers have already spent $473 million in online sales, as of 9 a.m. States that saw more than 2 inches of snow also saw a 7% boost in online sales, Adobe said. Last year, Cyber Monday sales hit $7.9 billion. This year, shoppers didn’t wait until Cyber Monday to start their online shopping. Online spending hit a record of $5.4 billion, up 22.3% from a year ago, according to Adobe data Sunday night.


Cyber Monday shoppers have already spent $473 million in online sales, as of 9 a.m.
States that saw more than 2 inches of snow also saw a 7% boost in online sales, Adobe said.
Last year, Cyber Monday sales hit $7.9 billion.
This year, shoppers didn’t wait until Cyber Monday to start their online shopping.
Online spending hit a record of $5.4 billion, up 22.3% from a year ago, according to Adobe data Sunday night.
Cyber Monday shoppers on track to hit a record $9.4 billion, Adobe says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra
Keywords: news, cnbc, companies, online, according, data, record, track, shoppers, adobe, cyber, billion, sales, hit, shopping


Cyber Monday shoppers on track to hit a record $9.4 billion, Adobe says

Big tech platforms have consumer data histories to inform advertising strategies, but lack of personalization in ads is still a big problem for the e-commerce industry.

Holiday shoppers aren’t headed to the store today. But they’re still spending.

Cyber Monday shoppers have already spent $473 million in online sales, as of 9 a.m. ET, according to data released by Adobe Analytics, which monitors the online transactions of 80 of the top 100 web retailers in the U.S.

Cyber Monday online sales are on track to hit $9.4 billion, or 18.9% year-over-year growth, according to preliminary data, Adobe said.

Between 10 p.m. ET Monday and 2 a.m. ET Tuesday, Adobe is expecting shoppers to spend $2.8 billion, 30% of the day’s revenue. Shoppers are expected to spend $11 million per minute during the peak hour of 11:00 p.m. ET and midnight ET, as they jump on deals before they end.

As extreme weather hits some areas of the country, shoppers may be even more motivated to do their shopping from home. States that saw more than 2 inches of snow also saw a 7% boost in online sales, Adobe said.

The top sellers so far in toys include “Frozen 2,” L.O.L Surprise Dolls and Paw Patrol, while top video games and consoles include Madden 20, FIFA 20 and Nintendo Switch. Samsung TVs, Apple laptops and Amazon Echo are among the most popular electronic products, according to Adobe.

Last year, Cyber Monday sales hit $7.9 billion.

This year, shoppers didn’t wait until Cyber Monday to start their online shopping. Retailers began sales in early November and lines were thin at stores on Black Friday as deals began on Thanksgiving Day.

Black Friday was predicted to be the busiest shopping day of the year in the U.S. for shoppers to head out to stores, but even on that day people were loading up online shopping carts. Online spending hit a record of $5.4 billion, up 22.3% from a year ago, according to Adobe data Sunday night.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: mallika mitra
Keywords: news, cnbc, companies, online, according, data, record, track, shoppers, adobe, cyber, billion, sales, hit, shopping


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Many retailers continue to lose against Amazon. But not Target and Best Buy, analyst says

“You are seeing outliers like Target and Best Buy,” Berman. A lot of traditional retailers will lose in the battle against Amazon , David Berman, founder of Durban Capital, said on “Squawk Alley” Friday. But Target and Best Buy seem safe for now. So what can struggling retailers like Macy’s, Dillard’s and Kohl’s learn from stores like Target, which has proven its apparel business is booming? Target and Best Buy have also been successful when it comes to marketing and managing inventories.


“You are seeing outliers like Target and Best Buy,” Berman.
A lot of traditional retailers will lose in the battle against Amazon , David Berman, founder of Durban Capital, said on “Squawk Alley” Friday.
But Target and Best Buy seem safe for now.
So what can struggling retailers like Macy’s, Dillard’s and Kohl’s learn from stores like Target, which has proven its apparel business is booming?
Target and Best Buy have also been successful when it comes to marketing and managing inventories.
Many retailers continue to lose against Amazon. But not Target and Best Buy, analyst says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, buy, struggling, market, best, analyst, berman, value, stock, retailers, amazon, target, lose, continue


Many retailers continue to lose against Amazon. But not Target and Best Buy, analyst says

“You are seeing outliers like Target and Best Buy,” Berman. “They were somewhat struggling and they are suddenly doing a better job.”

A lot of traditional retailers will lose in the battle against Amazon , David Berman, founder of Durban Capital, said on “Squawk Alley” Friday. But Target and Best Buy seem safe for now.

Amazon has been gobbling up market share from traditional retailers recently, forcing them to enter pricing wars and invest in enhancing online offerings to better integrate its digital and brick-and-mortar businesses.

Target and Best Buy have both managed these integrations well by offering customers multiple ways to make purchases, like ordering online and picking up in stores, and getting deliveries directly from warehouses. Ahead of Black Friday this year, both retailers offered deals online over the span of a few weeks.

Other retailers have struggled to embrace the changing market.

“It’s just going to carry on getting worse,” Berman said. “[Amazon] is so big that, by the law of numbers, when they’re growing in the 20% range, you can imagine the market share they’re taking from everyone else.”

Berman said in recent years, people “got complacent” as the economy rose and retailers started to do better — but it was just a temporary phase.

“The mall apparel retailers are mostly all struggling,” Berman said. He added that as “good malls” like Westfield’s Garden State Plaza and Century City malls, will be fine, weaker malls will struggle.

So what can struggling retailers like Macy’s, Dillard’s and Kohl’s learn from stores like Target, which has proven its apparel business is booming? Provide discounts, Berman said.

Mass and discount retailers were shoppers’ second favorite holiday shopping destination, according to a survey of 3,485 consumers in September by NPD Group. E-commerce was the favorite spot.

But providing discounts is particularly hard for these struggling retailers because, while they may have decent cash flow, some also have a lot of debt, Berman said.

Target and Best Buy have also been successful when it comes to marketing and managing inventories.

“They have great inventories heading into Christmas,” Berman said of the two companies.

Walmart is also proving itself against Amazon.

According to surveys by First Insight, a retail analytics firm that collects data to help retailers make product decisions, 55%, of consumers this year said they prefer to shop at Walmart versus Amazon. This is up from about 47% a year earlier.

With a market value of nearly $893 billion, Amazon dwarfs its retail competitors. Its stock has gain nearly 20% since the start of the year. Walmart, which has a market value of $338.7 billion, has seen its stock rise nearly 28% during that same period. Target shares, valued $63 billion, have risen 89% so far this year, while Best Buy’s stock has gained 52% year-to-date, pushing its market value to $21 billion.

—CNBC’s Lauren Thomas contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, buy, struggling, market, best, analyst, berman, value, stock, retailers, amazon, target, lose, continue


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Shoppers ring up record Thanksgiving sales online. Black Friday’s tally to exceed $7 billion, Adobe says

Black Friday online sales are on track to hit $7.4 billion, according to preliminary data, Adobe said. The trend of shoppers moving from visiting brick-and-mortar stores to online shopping was evident on the eve of Black Friday. Black Friday is expected to be the biggest shopping day for U.S. shoppers, according to the National Retail Federation. Shoppers spent $57.2 billion online between Nov. 1 and Nov. 28 this year, Adobe said. During the full holiday season, Adobe said it is expecting shoppe


Black Friday online sales are on track to hit $7.4 billion, according to preliminary data, Adobe said.
The trend of shoppers moving from visiting brick-and-mortar stores to online shopping was evident on the eve of Black Friday.
Black Friday is expected to be the biggest shopping day for U.S. shoppers, according to the National Retail Federation.
Shoppers spent $57.2 billion online between Nov. 1 and Nov. 28 this year, Adobe said.
During the full holiday season, Adobe said it is expecting shoppe
Shoppers ring up record Thanksgiving sales online. Black Friday’s tally to exceed $7 billion, Adobe says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: mallika mitra
Keywords: news, cnbc, companies, tally, increase, shoppers, shopping, black, adobe, online, retailers, billion, ring, sales, spent, fridays, according, exceed, record, thanksgiving


Shoppers ring up record Thanksgiving sales online. Black Friday's tally to exceed $7 billion, Adobe says

An employee pulls a cart stacked with boxes at the Amazon.com fulfillment center in Kenosha, Wisconsin.

Big turkey dinners didn’t slow down shoppers this Thanksgiving.

Shoppers spent $4.2 billion online on Thanksgiving, a 14.5% increase from last year and a record high, according to data released by Adobe Analytics, which monitors the online transactions of 80 of the top 100 web retailers in the U.S.

While this is the first year Thanksgiving spending surpassed $4 billion, it was shy of the $4.4 billion estimate Adobe made late Thursday.

Black Friday online sales are on track to hit $7.4 billion, according to preliminary data, Adobe said. As of 9 a.m. ET, shoppers had already spent $600 million online on Black Friday, a 19.2% increase from last year. That is the most recent data Adobe has reported.

The trend of shoppers moving from visiting brick-and-mortar stores to online shopping was evident on the eve of Black Friday. Crowds were thin at retailers on Thursday evening as U.S. consumers spent more than $2 billion online in the first hours of Thanksgiving shopping.

Nearly half the revenue on Thanksgiving Day came from smartphones, a 24.4% increase from last year.While e-commerce giants saw a 244% increase in sales, smaller retailers saw a 61% jump, Adobe said.

Black Friday is expected to be the biggest shopping day for U.S. shoppers, according to the National Retail Federation. Over the weekend, more than 165 million people are expected to join in. As this year’s Thanksgiving holiday arrived one week later in the calendar than last year’s, shoppers have six fewer days to squeeze in their purchases this holiday season.

Shoppers spent $57.2 billion online between Nov. 1 and Nov. 28 this year, Adobe said.

During the full holiday season, Adobe said it is expecting shoppers to spend $143.7 billion online.

Companies have been investing in their e-commerce offerings, and integrating them with brick-and-mortar stores. This has been especially apparent for major retailers Target and Walmart, which both saw bigger jumps than Amazon in online customer spending during the first two weeks of November this year compared with last year, according to research firm Edison Trends.

These retailers are improving their products and enhancing shopping options by providing different ways to shop.

“They’re making it easy for you to purchase however you want to purchase, whether it’s going into the physical store, ordering online and picking it up or ordering it online and having it shipped to you,” said Sucharita Kodali, retail analyst at Forrester.


Company: cnbc, Activity: cnbc, Date: 2019-11-29  Authors: mallika mitra
Keywords: news, cnbc, companies, tally, increase, shoppers, shopping, black, adobe, online, retailers, billion, ring, sales, spent, fridays, according, exceed, record, thanksgiving


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As the secondhand apparel market booms, used clothing is becoming an acceptable holiday gift

Hannah Oh’s sister gave her a dress from Zara for Christmas, but her sister didn’t buy it from Zara. The secondhand apparel market is booming. It’s become more acceptable to give and receive secondhand gifts. Department stores have begun to take advantage of the secondhand apparel market. In August, Macy’s partnered with ThredUp to offer secondhand apparel at 40 Macy’s stores.


Hannah Oh’s sister gave her a dress from Zara for Christmas, but her sister didn’t buy it from Zara.
The secondhand apparel market is booming.
It’s become more acceptable to give and receive secondhand gifts.
Department stores have begun to take advantage of the secondhand apparel market.
In August, Macy’s partnered with ThredUp to offer secondhand apparel at 40 Macy’s stores.
As the secondhand apparel market booms, used clothing is becoming an acceptable holiday gift Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: mallika mitra
Keywords: news, cnbc, companies, gift, holiday, acceptable, market, dress, stores, sister, booms, used, secondhand, thredup, zara, apparel, clothing, gifts


As the secondhand apparel market booms, used clothing is becoming an acceptable holiday gift

Hannah Oh wearing a second hand dress from Zara her sister bought for her on Poshmark.

Hannah Oh’s sister gave her a dress from Zara for Christmas, but her sister didn’t buy it from Zara. She bought it secondhand from the retail resell site Poshmark.

Oh, 19, saw the dress online and knew she wanted it, so she sent the link to her sister on a wish list.

“I didn’t really want to buy it for myself because I’m on a really tight student budget,” Oh said.

The secondhand apparel market is booming. By 2023, the market is expected to reach $51 billion, according to a recent report from the online resale store ThredUp.

It’s become more acceptable to give and receive secondhand gifts. In a recent survey by Accenture, 48% of respondents said they would consider giving secondhand clothing as gifts, while 56% said they would welcome gifts of this kind for themselves.

“As long as you adhere to the standards of gift giving in general, I don’t think secondhand, or the fact that it’s purchased secondhand, has to be a negative,” said Oh, who is studying digital fashion marketing, secondhand e-commerce and entrepreneurship at Drexel University — a major she created to fit her interests.

“If you invested money and time and care into it, then that’s what makes a good gift.”

Department stores have begun to take advantage of the secondhand apparel market. In August, Macy’s partnered with ThredUp to offer secondhand apparel at 40 Macy’s stores. J.C. Penney also offers secondhand women’s clothing and handbags from ThredUp at 30 of its stores.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: mallika mitra
Keywords: news, cnbc, companies, gift, holiday, acceptable, market, dress, stores, sister, booms, used, secondhand, thredup, zara, apparel, clothing, gifts


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Study: Cancer patients at higher risk of dying from heart disease

Cancer patients have a higher risk of dying from heart disease and stroke with 10% of all cancer patients dying from cardiovascular problems, not cancer, according to a new study published in the European Heart Journal. Among the cancer patients, 38% died from cancer and 11% died from cardiovascular diseases, including heart disease, high blood pressure, cerebrovascular disease, blocked arteries and damage to the aorta. In 2012, 61% of all the cancer patients who died from cardiovascular disease


Cancer patients have a higher risk of dying from heart disease and stroke with 10% of all cancer patients dying from cardiovascular problems, not cancer, according to a new study published in the European Heart Journal.
Among the cancer patients, 38% died from cancer and 11% died from cardiovascular diseases, including heart disease, high blood pressure, cerebrovascular disease, blocked arteries and damage to the aorta.
In 2012, 61% of all the cancer patients who died from cardiovascular disease
Study: Cancer patients at higher risk of dying from heart disease Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: mallika mitra, christina farr
Keywords: news, cnbc, companies, disease, risk, cancers, heart, deaths, study, higher, dying, cancer, diseases, patients, cardiovascular, researchers, prostate


Study: Cancer patients at higher risk of dying from heart disease

Cancer patients have a higher risk of dying from heart disease and stroke with 10% of all cancer patients dying from cardiovascular problems, not cancer, according to a new study published in the European Heart Journal.

For some cancers, including breast, prostate, endometrial and thyroid cancer, the risk is even higher. Roughly half of those patients die from cardiovascular disease, according to a team of researchers led by the Penn State College of Medicine.

The researchers looked at the U.S. general population compared to 3.2 million U.S. patients who had been diagnosed with cancer between 1973 and 2012. Among the cancer patients, 38% died from cancer and 11% died from cardiovascular diseases, including heart disease, high blood pressure, cerebrovascular disease, blocked arteries and damage to the aorta. Of those who died from cardiovascular diseases, 76% were due to heart disease. The researchers looked at 28 different types of cancer and took into account factors that could affect the results, such as age, race and sex.

“We’ve known that cardiovascular disease deaths are an important competing cause of death, but we didn’t know exactly how much and we didn’t know for how many cancers,” said Dr. Nicholas Zaorsky, an author of the study and radiation oncologist at Penn State College of Medicine and Penn State Cancer Institute. “We saw at least five or six different cancers where cardiovascular disease deaths have actually surpassed the deaths from the cancer that the patients have.”

These types of cancer include uterine, prostate and breast, he added.

The researchers found that the majority of the deaths from cardiovascular diseases occurred in patients with breast cancer and prostate cancer, the two most commonly diagnosed cancers. In 2012, 61% of all the cancer patients who died from cardiovascular diseases had been diagnosed with breast, prostate or bladder cancer.

The cancer sites with the largest percent of deaths from cardiovascular diseases included the bladder, larynx and prostate. Cancer patients with who were more likely to die from their cancer than from cardiovascular diseases had the most aggressive and difficult-to-treat cancers, like lung, liver and brain cancer.

As the number of cancer survivors increases, Zaorsky said, the rate of cardiovascular deaths will continue to rise. Throughout the 1900s, a lot of the cancers diagnosed were deadly, but more recently there have been tests that have helped diagnose cancers that are a lot less aggressive. This means more people are considered “cancer patients,” but they’re more likely to die from another cause, not their cancer. Cardiovascular diseases are one of the main other causes in the U.S., Zaorsky said.

He and his research team found that the risk of death from cardiovascular diseases for cancer patients is several times that of the general population in the first year of diagnosis and, for the most part, the risk increases for ten years or more. The researchers said that if more cancer survivors are aware of this risk, they may make healthy lifestyle choices that could decrease their risk of both cardiovascular disease and cancer recurrence.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: mallika mitra, christina farr
Keywords: news, cnbc, companies, disease, risk, cancers, heart, deaths, study, higher, dying, cancer, diseases, patients, cardiovascular, researchers, prostate


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Shoppers are demanding more ways to return purchases—and they’re getting their way

Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019. Traditional return options just aren’t doing it for shoppers anymore. Consumers want more convenient and flexible choices, including more in-store returns for online purchases and designated locations to pick up and drop off packages, according to a global online survey by Narvar. Narvar, a software company that tracks orders and returns for retailers,


Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.
Traditional return options just aren’t doing it for shoppers anymore.
Consumers want more convenient and flexible choices, including more in-store returns for online purchases and designated locations to pick up and drop off packages, according to a global online survey by Narvar.
Narvar, a software company that tracks orders and returns for retailers,
Shoppers are demanding more ways to return purchases—and they’re getting their way Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, demanding, ways, shoppers, packages, purchasesand, retailers, way, customers, online, cvs, getting, returns, stores, ups, theyre, return


Shoppers are demanding more ways to return purchases—and they're getting their way

Amazon.com Inc. parking signage stands outside a Kohl’s Corp. department store in Huntington Beach, California, U.S., on Saturday, May 11, 2019.

Traditional return options just aren’t doing it for shoppers anymore.

Consumers want more convenient and flexible choices, including more in-store returns for online purchases and designated locations to pick up and drop off packages, according to a global online survey by Narvar.

Narvar, a software company that tracks orders and returns for retailers, found that 13% of the shoppers surveyed in the U.S. dropped off a package at a designated location, and 52% of those shoppers did so because it was convenient.

In this case, what the customer wants, the customer gets.

Some retailers are already experimenting with these options — Target and Walmart allow customers to return online purchases in their stores, and Kohl’s accepts returns for “eligible” items purchased on Amazon at all of its stores.

In July, UPS announced a new partnership with Michaels stores to expand its “Access Point,” which allows customers to pick up or drop off prelabeled packages at various brick-and-mortar locations, including CVS and Advance Auto Parts stores.

William Durling, vice president of retail communications at CVS Health, said in a written statement to CNBC that adding the service “provides customers the benefit of having a one-stop shop for all their holiday and health and wellness needs.”

“In addition to being a convenient destination for holiday needs, CVS Pharmacy UPS Access Points will help prevent missed deliveries, keep packages safe and secret (so loved ones won’t see them arriving!) while also offering evening and weekend pick-up/drop-off hours,” Durling said.


Company: cnbc, Activity: cnbc, Date: 2019-11-26  Authors: mallika mitra, lauren thomas
Keywords: news, cnbc, companies, demanding, ways, shoppers, packages, purchasesand, retailers, way, customers, online, cvs, getting, returns, stores, ups, theyre, return


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