Microsoft shows how it wants apps to look on its new dual-screen computers

Microsoft recently showed off some examples of how it wants apps to look on new dual-screen computers that are coming this year. Microsoft’s first dual-screen Windows 10X computer, the Surface Neo, will launch ahead of the holidays this year, and partners like Lenovo have already announced similar products. The design recommendations from Microsoft below show how the company is thinking about apps that run on two screens. The Windows App Store, for example, has very specific terms for apps that


Microsoft recently showed off some examples of how it wants apps to look on new dual-screen computers that are coming this year.
Microsoft’s first dual-screen Windows 10X computer, the Surface Neo, will launch ahead of the holidays this year, and partners like Lenovo have already announced similar products.
The design recommendations from Microsoft below show how the company is thinking about apps that run on two screens.
The Windows App Store, for example, has very specific terms for apps that
Microsoft shows how it wants apps to look on its new dual-screen computers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: todd haselton
Keywords: news, cnbc, companies, dualscreen, apps, store, look, shows, windows, example, computers, screens, developers, wants, guidelines, app, 10x, microsoft


Microsoft shows how it wants apps to look on its new dual-screen computers

The dual-screen Surface Neo.

Microsoft recently showed off some examples of how it wants apps to look on new dual-screen computers that are coming this year. Microsoft’s first dual-screen Windows 10X computer, the Surface Neo, will launch ahead of the holidays this year, and partners like Lenovo have already announced similar products. The design recommendations from Microsoft below show how the company is thinking about apps that run on two screens. Take this image below, for example, which shows how Microsoft envisions a menu appearing on a computer with a divider between two screens. If a developer doesn’t make the app properly, the pop-up could appear right where there’s a screen gap.

Microsoft guidelines for Windows 10X Microsoft

Microsoft makes a bunch of other suggestions to developers: Menus and other windows also should appear on either one side of the screen or the other, not in the middle.

Microsoft guidelines for Windows 10X Microsoft

Also, if you have lots of columns, like in a spreadsheet, you should break it up so the middle of the spreadsheet doesn’t get caught in the same area

Microsoft guidelines for Windows 10X Microsoft

Suggestions, not requirements

Microsoft is hedging its bets by making these recommendations instead of requirements. If it required developers to revamp their apps , it would run the risk of app-makers just ignoring the platform completely. Software developers may balk at doing extra work for a platform that doesn’t have many users yet. But if developers just ignore the guidelines, that could create headaches for users. Imagine opening a game where there’s just a big divider right down the middle blocking out stuff. Or opening an app like Slack where a bunch of the chat is just cut off. (I’m guessing Microsoft’s competitor, Teams, will work just fine!) There are areas where Microsoft has actual platform requirements for developers. The Windows App Store, for example, has very specific terms for apps that developers have to abide by. Microsoft could, under the rules, force new apps in the store to support two screens properly. One rule for the Windows App Store is for “usability,” for example. “Products should support the devices and platforms on which they are downloaded, including compatibility with the software, hardware and screen resolution requirements specified by the product.” Microsoft could also lead by example. If it shows off a really exciting version of one of its apps, like OneNote, for example, where you can draw on one side while seeing other open notes on the other, it might show consumers how and why these computers are powerful and unlike the laptops they already own.

Lenovo ThinkPad X1 Fold Lenovo


Company: cnbc, Activity: cnbc, Date: 2020-01-23  Authors: todd haselton
Keywords: news, cnbc, companies, dualscreen, apps, store, look, shows, windows, example, computers, screens, developers, wants, guidelines, app, 10x, microsoft


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Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs

Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017. Clothing retailer Express said Wednesday it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three years. Express has a market value of roughly $313 million. Express currently operates more than 600 stores, including factory outlet locations, in the U.S. and Puerto Rico. But it said the lower costs will help boost its earnings b


Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017.
Clothing retailer Express said Wednesday it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three years.
Express has a market value of roughly $313 million.
Express currently operates more than 600 stores, including factory outlet locations, in the U.S. and Puerto Rico.
But it said the lower costs will help boost its earnings b
Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: lauren thomas
Keywords: news, cnbc, companies, retailer, costs, past, expected, express, store, shares, plans, jump, cut, clothing, strategy, company, earnings, million, roughly, shutter, stores


Clothing retailer Express shares jump on plans to shutter 100 stores by 2022, cut costs

Pedestrians walk past an Express Inc. store in New York, U.S., on Wednesday, May 31, 2017.

Clothing retailer Express said Wednesday it plans to shutter roughly 100 of its stores by 2022, as part of its strategy to save $80 million in costs annually over the next three years.

Express shares were last up more than 18% on the news. Express has a market value of roughly $313 million. As of Tuesday’s market close, it had watched its stock fall roughly 21% over the past 12 months.

The company also announced a restructuring of its workforce, which it says will impact roughly 10% of the jobs at Express’ headquarters in Columbus, Ohio, and a design studio in New York. CNBC was not immediately able to determine exactly how many jobs are being cut.

The store closures add to the malaise that U.S. shopping malls have been hit with in recent years. A record of more than 9,000 store closures were announced by retailers — ranging from Gap to Forever 21 to Sears — in 2019. The apparel category within retail has been under pressure especially with more shoppers either pulling back their spending on clothing, or turning to subscription and rental services like Stitch Fix and Rent the Runway.

“When I joined Express, I outlined three priorities: changing the trajectory of the business, developing a corporate strategy, and putting the right team in place,” CEO Tim Baxter said in a statement. “We have spent the past six months developing a strategy with the intent to return Express to long-term growth and a mid-single digit operating margin. Today we took the necessary steps to put the right organization in place to support that strategy.”

Baxter was appointed CEO in June of last year. Previously, he had spent more than two decades working at Macy’s. He succeed Matthew Moellering, who had served as Express’ interim CEO since January 2019.

The company said Wednesday that nine of the roughly 100 stores set for closure are already dark, with another 31 expected to close by the end of this month, and another 35 shuttering by the end of January 2021.

Express currently operates more than 600 stores, including factory outlet locations, in the U.S. and Puerto Rico.

The closures will reduce sales by $90 million by 2022, the company said. But it said the lower costs will help boost its earnings before interest, taxes, depreciation and amortization by $15 million.

Express also has narrowed the range for its fourth-quarter earnings outlook, pegging it toward the lower end.

Adjusted earnings per share are expected to be between 17 cents and 19 cents, with same-store sales expected to drop roughly 3% during the fourth quarter, which includes the latest holiday season. Analysts polled by Refinitiv were calling for earnings of 19 cents a share.


Company: cnbc, Activity: cnbc, Date: 2020-01-22  Authors: lauren thomas
Keywords: news, cnbc, companies, retailer, costs, past, expected, express, store, shares, plans, jump, cut, clothing, strategy, company, earnings, million, roughly, shutter, stores


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JC Penney is closing 6 stores this year. Here’s where they are

J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC. Penney still has roughly 850 stores up and running, and the company says the closures come as part of an annual review of its real estate. In early 2019, Penney announced it was shutting 18 department stores and nine furniture stores. Analysts have said they anticipated Penney still needs to close hundreds of stores to get its business back in good shape. Macy’s earlier this month confirmed it woul


J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC.
Penney still has roughly 850 stores up and running, and the company says the closures come as part of an annual review of its real estate.
In early 2019, Penney announced it was shutting 18 department stores and nine furniture stores.
Analysts have said they anticipated Penney still needs to close hundreds of stores to get its business back in good shape.
Macy’s earlier this month confirmed it woul
JC Penney is closing 6 stores this year. Here’s where they are Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: lauren thomas
Keywords: news, cnbc, companies, closing, store, heres, sales, mall, spokeswoman, penney, set, close, tulsa, stores, retailer


JC Penney is closing 6 stores this year. Here's where they are

J.C. Penney is set to close six of its department stores in 2020, a spokeswoman confirmed to CNBC.

The stores, set to close by April 24, are at: Southgate Mall in Missoula, Montana; Myrtle Beach Mall in Myrtle Beach, South Carolina; Chapel Hill Mall in Akron, Ohio; North Hills Shopping Center in Raleigh, North Carolina; Tulsa Promenade in Tulsa, Oklahoma, and Green Acres Mall in Valley Stream, New York.

The news comes as the embattled retailer is embarking on a turnaround plan and aims to get back to profitable sales growth. Earlier this month, it said its holiday same-store sales dropped 7.5%. Penney hasn’t reported a quarterly sales gain since the 2017 holiday season. And it is still calling for same-store sales — a key metric that monitors sales at retailers’ stores open for at least a year — to drop 7% to 8% in fiscal 2019.

Penney still has roughly 850 stores up and running, and the company says the closures come as part of an annual review of its real estate. The retailer had more than 1,100 locations in 2010.

“This decision is the result of a careful and ongoing review of our store portfolio,” a spokeswoman said in an email to CNBC. “It’s never easy to close a store, however, we feel this is a necessary business decision.”

In early 2019, Penney announced it was shutting 18 department stores and nine furniture stores.

Analysts have said they anticipated Penney still needs to close hundreds of stores to get its business back in good shape. But CEO Jill Soltau has said she doesn’t plan to close a bunch of stores all at once, as she tries to turn things around.

Macy’s earlier this month confirmed it would be closing nearly 30 stores in 2020.

Penney shares, which trade under $1, were down more than 5% Tuesday afternoon. The retailer has a market value of $257 million. Penney’s stock has fallen nearly 40% over the past 12 months.

The Dallas Morning News first reported on the closures Sunday evening.


Company: cnbc, Activity: cnbc, Date: 2020-01-21  Authors: lauren thomas
Keywords: news, cnbc, companies, closing, store, heres, sales, mall, spokeswoman, penney, set, close, tulsa, stores, retailer


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Amazon reportedly wants to turn your hand into a credit card

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York. The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay. Amazon will have to address concerns from card iss


People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City.
The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York.
The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay.
Amazon will have to address concerns from card iss
Amazon reportedly wants to turn your hand into a credit card Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: emma newburger
Keywords: news, cnbc, companies, wants, reportedly, credit, store, terminals, working, hand, turn, wall, company, amazons, street, stores, amazon, card


Amazon reportedly wants to turn your hand into a credit card

People shop at the newly opened Amazon Go Store on May 07, 2019 in New York City. The cashier-less store, the first of this type of store, called Amazon Go, accepts cash and is the 12th such store in the United States located at Brookfield Place in downtown New York.

Technology giant Amazon is working to allow customers to connect their credit card information to their hands, so that they can scan for purchases with their palms at checkout areas in physical stores, people familiar with the project told The Wall Street Journal.

While Amazon’s plan is in the early stages, the company has reportedly begun working with Visa on testing out the terminals, and has discussed the project with Mastercard, JPMorgan Chase, Wells Fargo and Synchrony Financial.

The company previously filed a patent for a “non-contact biometric identification system” that features a “hand scanner” to produce a picture of a person’s palm.

The news offers a look into Amazon’s ideas on transforming the way people shop in brick-and-mortar stores, and how it could work with credit card companies to further integrate itself into people’s financial lives.

The company already has major plans to expand its Amazon Go stores, which allow shoppers to buy without cashiers or checkout, as well as its voice payment service called Amazon Pay.

Amazon will have to address concerns from card issuers and customers over how terminals would detect fraud and the amount of personal information the company will receive from the scans.

Data collected from the terminals would be stored on Amazon’s cloud and used to study consumers’ Amazon.com spending habits, according to The Journal.

An Amazon spokesperson declined CNBC’s request to comment.

Read the full report in the Wall Street Journal


Company: cnbc, Activity: cnbc, Date: 2020-01-18  Authors: emma newburger
Keywords: news, cnbc, companies, wants, reportedly, credit, store, terminals, working, hand, turn, wall, company, amazons, street, stores, amazon, card


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These are the most in-demand job skills in 2020, according to LinkedIn

Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn. Yet it was both first time blockchain made it onto LinkedIn’s rankings of in-demand skills and came in first place. Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the “once shadowy world” of cryptocurrency to become a “transformative business solution.” Cloud computing came in second place, which is


Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn.
Yet it was both first time blockchain made it onto LinkedIn’s rankings of in-demand skills and came in first place.
Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the “once shadowy world” of cryptocurrency to become a “transformative business solution.”
Cloud computing came in second place, which is
These are the most in-demand job skills in 2020, according to LinkedIn Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: vicky mckeever
Keywords: news, cnbc, companies, indemand, according, 2020, linkedin, users, skills, store, looking, job, blockchain, data, place, world, technology


These are the most in-demand job skills in 2020, according to LinkedIn

Blockchain has topped the list of skills bosses are looking for in employees around the world this year, according to professional social media platform LinkedIn.

The record-keeping technology first emerged in 2009 with the birth of cryptocurrency but has since moved on from supporting the use of the likes of Bitcoin.

The ability to store, validate, authorize, and move data across the internet with blockchain means it is now being used to securely store and send any digital asset. The technology also stores a permanent and non-editable record of data entry.

Blockchain was the top priority for employers hiring in the U.S., U.K., France, Germany and Australia, LinkedIn found. Yet it was both first time blockchain made it onto LinkedIn’s rankings of in-demand skills and came in first place.

Namrata Murlidhar, marketing director at LinkedIn, said blockchain had emerged from the “once shadowy world” of cryptocurrency to become a “transformative business solution.”

Industries outside the financial services sector were increasingly seeking talent with experience in blockchain, she added, including retail, shipping, healthcare, farming and gaming.

LinkedIn measured demand by looking at the profiles of its users, to determine the frequency that people with different skillsets were getting hired.

Cloud computing came in second place, which is the technology allowing data to be stored and managed on the internet. People working in this area would be developing the architecture, design and delivery of cloud systems.

In third place was analytical reasoning – the ability to make sense of data and uncover insights that can help business decisions.

Artificial intelligence (AI), which is the technology developing machine-learning, was the fourth most in-demand area of “hard” skills for employers.

Rounding out the top five was UX design, the focus on users’ experience of products, particularly technology.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: vicky mckeever
Keywords: news, cnbc, companies, indemand, according, 2020, linkedin, users, skills, store, looking, job, blockchain, data, place, world, technology


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Apple’s App Store appeals process would make ‘Kafka blush,’ entrepreneur tells Congress

Technology executives said that Apple’s App Store platform has too much power in a congressional hearing in Boulder, Colorado on Friday. For Apple, the entrepreneurs focused on Apple’s App Store, which is the only way for most people to install software on an iPhone. “Every application maker using the App Store lives in fear that their application is denied,” Hansson said. Developers who disagree with an App Review decision, which is made based on Apple’s App Store guidelines, can appeal to a bo


Technology executives said that Apple’s App Store platform has too much power in a congressional hearing in Boulder, Colorado on Friday.
For Apple, the entrepreneurs focused on Apple’s App Store, which is the only way for most people to install software on an iPhone.
“Every application maker using the App Store lives in fear that their application is denied,” Hansson said.
Developers who disagree with an App Review decision, which is made based on Apple’s App Store guidelines, can appeal to a bo
Apple’s App Store appeals process would make ‘Kafka blush,’ entrepreneur tells Congress Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: kif leswing
Keywords: news, cnbc, companies, congress, developers, hearing, apple, tells, kafka, review, entrepreneur, technology, reviewers, store, appeals, process, app, blush, apples


Apple's App Store appeals process would make 'Kafka blush,' entrepreneur tells Congress

Apple CEO Tim Cook delivers the keynote address during a special event on September 10, 2019 in the Steve Jobs Theater on Apple’s Cupertino, California campus.

The hearing, which focused on Amazon , Facebook , and Google , and at times Apple , also indicates that lawmakers continue to lump big technology antitrust concerns together, despite the fact that the companies operate different marketplaces and face different allegations of anti-competitive behavior.

The hearing, held by the House Antitrust Subcommittee, is another signal that Washington lawmakers are increasingly scrutinizing big technology companies over power that might not always harm consumers, but can hurt smaller businesses.

Technology executives said that Apple’s App Store platform has too much power in a congressional hearing in Boulder, Colorado on Friday.

For Apple, the entrepreneurs focused on Apple’s App Store, which is the only way for most people to install software on an iPhone.

Basecamp founder David Heinemeier Hansson said that anyone who submits applications to the App Store is worried that Apple could reject their app, and that the company’s system of appeals is difficult to navigate.

“Every application maker using the App Store lives in fear that their application is denied,” Hansson said.

He continued: “All it takes is being assigned the wrong clerk, then you’ll be stuck in an appeals process that would make Kafka blush.”

Hansson was referring to Franz Kafka’s novel “The Trial,” which describes a frustrating, mysterious bureaucracy.

Hansson also criticized Apple’s practice of taking 30% of total sales processed through the App Store as “outrageous” and said his company had designed its apps to avoid it.

“We created the App Store with two goals in mind: that it be a safe and trusted place for customers to discover and download apps, and a great business opportunity for all developers,” Apple said. “We continually work with developers and take their feedback on how to help protect user privacy while also providing the tools developers need to make the best app experiences.”

Apple employees review every single app and update that are distributed through the App Store, CNBC previously reported, and some reviewers said that the process and rejections can be arbitrary.

Developers who disagree with an App Review decision, which is made based on Apple’s App Store guidelines, can appeal to a board called the App Review Board, CNBC reported, which can change a lower level reviewer’s decision. It is partially composed of reviewers with good track records, people familiar with the process previously told CNBC.

Last year, Apple published published a new webpage that explains the principles that govern the App Store as well as the most common reasons for rejection.


Company: cnbc, Activity: cnbc, Date: 2020-01-17  Authors: kif leswing
Keywords: news, cnbc, companies, congress, developers, hearing, apple, tells, kafka, review, entrepreneur, technology, reviewers, store, appeals, process, app, blush, apples


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Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders

With that, more consumers turned to stores to pick up their last-minute online purchases instead of waiting on packages to arrive in the mail. Overall, Target’s holiday sales underwhelmed. Overall online sales this holiday season were up 14.6%, slightly better than expected, according to the National Retail Federation. Meanwhile, for consumers, buying online and picking up in stores can be viewed as a sustainable choice, as more people are thinking green when they shop. “Because we know that if


With that, more consumers turned to stores to pick up their last-minute online purchases instead of waiting on packages to arrive in the mail.
Overall, Target’s holiday sales underwhelmed.
Overall online sales this holiday season were up 14.6%, slightly better than expected, according to the National Retail Federation.
Meanwhile, for consumers, buying online and picking up in stores can be viewed as a sustainable choice, as more people are thinking green when they shop.
“Because we know that if
Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: lauren thomas
Keywords: news, cnbc, companies, retailers, procrastinators, abounded, holiday, customers, season, buying, sales, stores, pick, online, store, target, christmas, pushed, orders


Procrastinators abounded this Christmas. And more retailers pushed people to stores to pick up online orders

It was a Christmas for procrastinators.

Target CEO Brian Cornell said one of the biggest trends he spotted this holiday season was the fact that more shoppers were “comfortable shopping later in the season.” Overall U.S. retail sales were also stronger in December, thanks to more people putting off their shopping.

With that, more consumers turned to stores to pick up their last-minute online purchases instead of waiting on packages to arrive in the mail.

On Dec. 24, for example, Cornell said Target prepared nearly five times the number of products for curbside pickup of e-commerce orders compared with a year ago. Overall, Target’s holiday sales underwhelmed. But the company said purchases from customers opting to use either a buy online pick up in store option, curbside pickup or same-day delivery this November and December were up more than 50%.

What Target spotted speaks to a bigger trend in retail that is still in its infancy: The rise of people buying items online and choosing to pick them up at a bricks-and-mortar store.

As digital sales in the U.S. are surging, companies are looking for ways to make those orders more profitable. One way is to reduce what retailers need to spend on shipping and transportation. Even Walmart’s e-commerce business is still losing money. If a retailer can convince a customer to drive to the store to retrieve what he or she bought online, that order becomes more profitable.

Overall online sales this holiday season were up 14.6%, slightly better than expected, according to the National Retail Federation.

This holiday season, “how our customers shopped changed pretty dramatically,” Nordstrom co-president Erik Nordstrom said at NRF’s annual Big Show in New York earlier this week.

“We saw a significant step change in that activity … and so to be able to engage customers across these different touch points changed a lot,” he went on, mentioning more shoppers buying goods online and picking them up at Nordstrom stores.

Nordstrom, like Target, is seen as an early adopter of this service.

It has been opening more of its pint-sized Local stores, which don’t actually hold any inventory but instead are meant to serve as hubs in cities like New York and Los Angeles for customers to pick up digital orders and make returns.

Now everyone from Kohl’s to Bed Bath & Beyond and Best Buy is trying to do more of the same.

Meanwhile, for consumers, buying online and picking up in stores can be viewed as a sustainable choice, as more people are thinking green when they shop.

“You are potentially saving … 500 air miles or more … if you are going into a store and picking these [orders] up,” Mark Mathews, NRF’s vice president of Research Development and Industry Analysis, said at the Big Show earlier this week. “And I think the onus is on retailers to help you know that if you are buying online and coming in the store, you are potentially … making a small, small contribution to helping save our climate.”

“This is a win-win for retailers,” Matthews added. “Because we know that if you’re going into the store to pick something up, you might well be buying something else.”

A report ahead of the holiday season by The NPD Group had said that 25% of online shoppers planned to use their smartphones during the holidays to shop. And those people are more likely than those who use other devices, like a laptop, to buy online and pick up in a store, the study said.


Company: cnbc, Activity: cnbc, Date: 2020-01-16  Authors: lauren thomas
Keywords: news, cnbc, companies, retailers, procrastinators, abounded, holiday, customers, season, buying, sales, stores, pick, online, store, target, christmas, pushed, orders


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Starbucks, home of the $4 latte, is moving into poor areas

In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix. The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015. The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores. Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has


In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix.
The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015.
The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores.
Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has
Starbucks, home of the $4 latte, is moving into poor areas Cached Page below :
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Starbucks, home of the $4 latte, is moving into poor areas

In this Wednesday, Jan. 15, 2020, photo, Belith Ariza, a barista trainer at Starbucks, opens the doors to the community meeting space at a local Starbucks Community Store, in Phoenix.

Starbucks has a point to prove: There’s more to the company than selling $4 lattes to rich people.

The Seattle-based coffee giant that has cultivated a reputation for being socially responsible said Thursday it is expanding its effort to put more coffee shops — and create more jobs — in poor neighborhoods.

Starbucks plans to open or remodel 85 stores by 2025 in rural and urban communities across the U.S. Each store will hire local staff, including construction crews and artists, and have community event spaces. The company will also work with local United Way chapters to develop programs at each shop, such as youth job training classes and mentoring.

The effort will bring to 100 the number of “community stores” Starbucks has opened since it announced the program in 2015.

“All of these programs are with the intent of being purposeful and profitable,” said John Kelly, Starbucks executive vice president of public affairs and social impact.

Starbucks opened its first community store in Ferguson, Missouri, in 2016, two years after the riots that broke out over the shooting of an unarmed black man by police. It has opened 13 other locations since then, including stores in Baltimore, Chicago, Dallas, New Orleans and Jonesboro, Georgia. Another one will open this spring in Prince George’s County, Maryland. Starbucks estimates the shops have created more than 300 jobs.

The project could help the company overcome lingering mistrust in some communities after the furor that erupted in 2018 when two black men waiting to meet someone in a Philadelphia Starbucks were arrested for not ordering anything. Starbucks mandated racial bias training at its 8,000 company-owned stores in response to that incident.

Kelly said the stores reflect Starbucks’ core belief in responsible capitalism. The coffee shops are profitable, he said, and have the same menu as regular Starbucks stores.

Prices vary, but not by much. A grande coconut milk latte in Ferguson costs $4.95, according to Starbucks’ app. Six miles away, a Starbucks in University City charges $5.25 for the same drink. In Jonesboro, a grande coffee is $2.25. It’s $2.45 at a Starbucks in downtown Atlanta.

“This is not charity. These are successful stores,” Kelly said, acknowledging neighbors’ skepticism. “We’re defying a lot of the stereotypes and we’re proud to do so.”

Brett Theodos, a senior fellow at the Urban Institute who studies economic development, said he has visited Starbucks’ community stores in Chicago and Baltimore. Both were in areas that wouldn’t typically attract a Starbucks, he said, and seemed to be providing a service — and, more important, jobs — that those neighborhoods wouldn’t otherwise have.

“I can’t think either of a retailer, especially one that has more of a discretionary, higher-end purchase, being willing to push into neighborhoods and markets that have less purchasing power,” Theodos said. “Starbucks usually appears when a neighborhood has the purchasing power to support it.”

He also applauded Starbucks’ plan to add community rooms in the stores, since low-income neighborhoods often don’t have many places to gather.

But he thinks the impact will be limited. One Starbucks store won’t cause a neighborhood to gentrify, he said.

The program is unusual for a big chain. Starbucks has one advantage: Unlike McDonald’s, which relies on franchisees, Starbucks owns its standalone U.S. stores and can open them wherever it wants to.

Panera Bread opened a few pay-what-you-can cafes starting in 2010, but all have closed. They weren’t profitable.

Starbucks said most of the 85 shops will be new, while some will be existing stores that have been remodeled. The company will consider various factors, including youth unemployment rates and low household income, in deciding where to build them. It will give priority to economically distressed areas.

Starbucks works with the community stores closely to help them succeed. One in Trenton, New Jersey, was struggling to stay open on weekends when there was less traffic from state government. The store manager decided to start an open mic night on Saturdays, which is still going strong 18 months later. The store also draws in customers with events like “Coffee With a Cop.”

Starbucks has also learned lessons from previous efforts. In 1998, the company worked with former basketball star Magic Johnson to open stores in urban neighborhoods, but some struggled and closed. Kelly said its new stores are more connected to their communities from the beginning, starting with the hiring local contractors to build them, and are drawing help from local groups like United Way.


Company: cnbc, Activity: cnbc, Date: 2020-01-16
Keywords: news, cnbc, companies, shops, opened, areas, moving, store, open, latte, poor, stores, community, local, coffee, company, starbucks


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Google to acquire Irish retail tech start-up Pointy

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019. Alphabet’s Google on Tuesday said it plans to acquire Pointy, an Irish retail start-up that helps traditional brick and mortar retailers list inventory online, for an undisclosed amount. “Over the past several years we’ve developed a very close partnership with Google,” Pointy founders Marks Cummins and Charles Bibby said in a release. “It became clear that


Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.
Alphabet’s Google on Tuesday said it plans to acquire Pointy, an Irish retail start-up that helps traditional brick and mortar retailers list inventory online, for an undisclosed amount.
“Over the past several years we’ve developed a very close partnership with Google,” Pointy founders Marks Cummins and Charles Bibby said in a release.
“It became clear that
Google to acquire Irish retail tech start-up Pointy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, pointy, founders, retail, local, store, tech, inventory, close, google, online, irish, acquire, startup, retailers


Google to acquire Irish retail tech start-up Pointy

Google CEO Sundar Pichai speaks during the Google I/O keynote session at Shoreline Amphitheatre in Mountain View, California on May 7, 2019.

Alphabet’s Google on Tuesday said it plans to acquire Pointy, an Irish retail start-up that helps traditional brick and mortar retailers list inventory online, for an undisclosed amount.

The deal is expected to close in the coming weeks, Google said in a press release.

Retailers use Pointy’s software to automatically track store inventory. That information is then displayed on Google’s “see what’s in store” section, and on a Pointy page, so customers can find specific items that are in-stock near them.

“Over the past several years we’ve developed a very close partnership with Google,” Pointy founders Marks Cummins and Charles Bibby said in a release. “It became clear that we shared the same vision of how technology can improve local retail businesses.”

Pointy has raised $19 million so far in venture capital, the company disclosed in July 2018.

“By joining forces, we will be able to help people discover local stores and products on a much larger scale,” the Pointy founders wrote. “We think this is the right way to accomplish what we set out to do – to bring the world’s retailers online and give them the tools they need to thrive.”


Company: cnbc, Activity: cnbc, Date: 2020-01-14  Authors: jessica bursztynsky
Keywords: news, cnbc, companies, pointy, founders, retail, local, store, tech, inventory, close, google, online, irish, acquire, startup, retailers


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Barclays upgrades Starbucks on improving store experience and new menu items like Nitro Cold Brew

Barclays upgraded its rating on Starbucks stock to overweight from neutral on Thursday and told clients that the coffee chain’s focus on menu innovation and the customer experience could lead to big gains in 2020. Analyst Jeffrey Bernstein highlighted Starbucks’s recent initiatives to improve employee-customer interaction as well as popular drink options like the Nitro Cold Brew platform and a rising number of digital sales. Those changes have led to better comparable sales, or “comps,” an indus


Barclays upgraded its rating on Starbucks stock to overweight from neutral on Thursday and told clients that the coffee chain’s focus on menu innovation and the customer experience could lead to big gains in 2020.
Analyst Jeffrey Bernstein highlighted Starbucks’s recent initiatives to improve employee-customer interaction as well as popular drink options like the Nitro Cold Brew platform and a rising number of digital sales.
Those changes have led to better comparable sales, or “comps,” an indus
Barclays upgrades Starbucks on improving store experience and new menu items like Nitro Cold Brew Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: thomas franck
Keywords: news, cnbc, companies, sales, cold, told, recent, rating, starbucks, salesthose, experience, starbuckss, brew, nitro, improving, items, upgraded, stock, store, rising, upgrades, menu


Barclays upgrades Starbucks on improving store experience and new menu items like Nitro Cold Brew

Barclays upgraded its rating on Starbucks stock to overweight from neutral on Thursday and told clients that the coffee chain’s focus on menu innovation and the customer experience could lead to big gains in 2020.

Analyst Jeffrey Bernstein highlighted Starbucks’s recent initiatives to improve employee-customer interaction as well as popular drink options like the Nitro Cold Brew platform and a rising number of digital sales.

Those changes have led to better comparable sales, or “comps,” an industry measure for sales at the same locations over a certain time period.


Company: cnbc, Activity: cnbc, Date: 2020-01-09  Authors: thomas franck
Keywords: news, cnbc, companies, sales, cold, told, recent, rating, starbucks, salesthose, experience, starbuckss, brew, nitro, improving, items, upgraded, stock, store, rising, upgrades, menu


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