How 3 friends turned their unwanted items into a $550 million business

CarousellReturning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They belie


CarousellReturning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They belie
How 3 friends turned their unwanted items into a $550 million business Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: karen gilchrist
Keywords: news, cnbc, companies, 550, singapore, start, unwanted, items, business, million, quek, users, suggested, selling, carousell, sell, turned, right, friends


How 3 friends turned their unwanted items into a $550 million business

Carousell’s co-founders from left to right, Marcus Tan, Siu Rui Quek and Lucas Ngoo. Carousell

Returning to Singapore after their internship, they did just that, focusing initially on items like electronics before expanding to categories including clothing, property, autos and even jobs. Carousell works like other online classified platforms, and lets users buy and sell unwanted items online by uploading a photo and the relevant details. In that way, it is similar to sites like eBay and Craigslist, which Quek cited as early inspirations. However, right from the start, Quek said the trio were determined to make their Southeast Asia-centric model a mobile-first solution. They believed it would simplify the process and better suit regional users, for whom smartphones had largely leapfrogged desktop computers. “We were really hooked to using the iPhone as our main computer,” said Quek. “I think we got spoilt by the simplicity of apps like Instagram. We wanted something that was familiar to us, something very mobile-first: Snap to sell, chat to buy, something very social.”

That simplistic approach proved popular with users. Within three days of launching in August 2012, the app was ranked second among the top free lifestyle apps in Singapore. It’s a strategy Quek said is fundamental to the company’s mission of inspiring “every person in the world to start selling and buying.” To help with that, Carousell now draws heavily on artificial intelligence (AI) to speed up the selling process. Image recognition, for instance, will automatically identify items and apply the appropriate categories and tags. Ultimately, Carousell wants to reduce listing times from 30 seconds to just three. “We’re doing a lot of things around AI,” said Quek. “We want to make selling even simpler, so today you can already take a photo, your category will be suggested, your title will be suggested, your price will be suggested.”


Company: cnbc, Activity: cnbc, Date: 2019-10-08  Authors: karen gilchrist
Keywords: news, cnbc, companies, 550, singapore, start, unwanted, items, business, million, quek, users, suggested, selling, carousell, sell, turned, right, friends


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Amazon is launching a new program to donate unsold products, after reports that millions were being destroyed

Amazon wants its third-party sellers to make better use of their unsold or unwanted products that often get dumped — by giving them away to charity. Amazon is launching a new donations program, called Fulfillment by Amazon (FBA) Donations, for third-party sellers that store their inventory in Amazon’s warehouses in the U.S. and UK, CNBC has learned. Recent reports found that Amazon routinely discards unsold inventory, with one French TV documentary estimating Amazon to have destroyed over 3 mill


Amazon wants its third-party sellers to make better use of their unsold or unwanted products that often get dumped — by giving them away to charity. Amazon is launching a new donations program, called Fulfillment by Amazon (FBA) Donations, for third-party sellers that store their inventory in Amazon’s warehouses in the U.S. and UK, CNBC has learned. Recent reports found that Amazon routinely discards unsold inventory, with one French TV documentary estimating Amazon to have destroyed over 3 mill
Amazon is launching a new program to donate unsold products, after reports that millions were being destroyed Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eugene kim
Keywords: news, cnbc, companies, warehouses, amazon, inventory, unsold, unwanted, donations, program, sellers, destroyed, reports, launching, products, donate, millions, number


Amazon is launching a new program to donate unsold products, after reports that millions were being destroyed

Amazon wants its third-party sellers to make better use of their unsold or unwanted products that often get dumped — by giving them away to charity.

Amazon is launching a new donations program, called Fulfillment by Amazon (FBA) Donations, for third-party sellers that store their inventory in Amazon’s warehouses in the U.S. and UK, CNBC has learned. Starting on September 1, the donation program will become the default option for all sellers when they choose to dispose of their unsold or unwanted products stored in Amazon warehouses across those two countries. Sellers can opt out of the program, if they want.

The donations will be distributed to a network of U.S. nonprofits through a group called Good360 and UK charities such as Newlife and Barnardo’s. After this story was published, Amazon announced the program via a blog post on Wednesday afternoon.

The new donations program is designed to reduce the amount of inventory that must be dumped from Amazon’s warehouses, helping the environment and putting otherwise wasted products to some use. Recent reports found that Amazon routinely discards unsold inventory, with one French TV documentary estimating Amazon to have destroyed over 3 million products in France last year. Given that Amazon generates the bulk of its sales in the U.S., the number of destroyed inventory in its U.S. warehouses is likely much larger than those found in other countries.

“This program will reduce the number of products sent to landfills and instead help those in need,” Amazon wrote in the email to sellers announcing the launch.

Sellers who spoke to CNBC said the new program makes it cheaper to donate their unwanted inventory. Amazon charges 50 cents to return unsold inventory to sellers, much more than the 15 cents charged for disposal. Sellers destroy their inventory for a variety of reasons, including returns that are no longer usable or for safety issues.

In an email statement to CNBC, Amazon’s spokesperson confirmed the launch of the new program, adding it’s “working hard” to bring the number of destroyed products to zero.

“At Amazon, the vast majority of returned products are resold to other customers or liquidators, returned to suppliers, or donated to charitable organizations, depending on their condition,” Amazon said.

WATCH: How Amazon one-day shipping works


Company: cnbc, Activity: cnbc, Date: 2019-08-14  Authors: eugene kim
Keywords: news, cnbc, companies, warehouses, amazon, inventory, unsold, unwanted, donations, program, sellers, destroyed, reports, launching, products, donate, millions, number


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AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers


AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The FCC mandated in February that U.S. carriers need to help stop spam calls. T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers. Correction: A previous vers
AT&T will soon automatically block annoying robocalls Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


AT&T will soon automatically block annoying robocalls

AT&T said this week that it will soon block spam calls or alert customers of suspected spammers. The blocking will first activate for new lines and will then be applied to all existing accounts, the carrier said on Tuesday.

The feature will be on by default but can be turned off by users who don’t want it, per rules set by the Federal Communications Commission that require carriers to let customers opt out.

The FCC mandated in February that U.S. carriers need to help stop spam calls. Hiya, a spam-blocking app, estimates that 25.3 billion unwanted robocalls were received by U.S. wireless customers in the first half of this year alone, even to people who are registered on the Do Not Call list.

AT&T’s service is the first that will be on by default, instead of requiring users to opt in or download a separate app.

T-Mobile already offers customers two free tools, Scam Block and Scam ID, but Scam Block needs to be turned on first. Sprint charges a $2.99 fee for Premium Caller ID, and Verizon alerts customers if a call is from a suspected spammer. Google and Apple have worked to add spam blocking into Android and iOS too.

The Google Pixel 3 and Pixel 3a can automatically screen calls for you, while iOS 13, which will roll out this fall, uses Siri to automatically silence calls from unknown numbers.

Correction: A previous version of this story included an incorrect number of unwanted robocalls.


Company: cnbc, Activity: cnbc, Date: 2019-07-10  Authors: todd haselton
Keywords: news, cnbc, companies, att, customers, calls, soon, annoying, scam, users, automatically, suspected, spam, robocalls, turned, unwanted, block


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How to swap an unwanted gift card for cash

For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report. Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. Enter gift card exchanges. The problem arises when recipients don’t get the exact gift card they wanted, said Mike Jack, the general manager of Cardpool. (Alternatively, savvy shoppers can score the gift cards they de


For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report. Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. Enter gift card exchanges. The problem arises when recipients don’t get the exact gift card they wanted, said Mike Jack, the general manager of Cardpool. (Alternatively, savvy shoppers can score the gift cards they de
How to swap an unwanted gift card for cash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-20  Authors: sharon epperson, jessica dickler, adam jeffery
Keywords: news, cnbc, companies, nrf, card, unused, unwanted, swap, according, jack, cards, gift, cardpool, season, cash, holiday


How to swap an unwanted gift card for cash

The hottest gift of the season could also be the least used.

For the 12th year running, gift cards remain the most popular items on wish lists, according to the National Retail Federation’s annual holiday report.

Gift cards topped all other potential presents, including jewelry, clothing, books, movies, music, electronics and sporting goods. The NRF polled more than 7,000 adults in October. The survey has a margin of error of 1.2 percentage points.

Altogether, Americans are expected to spend close to $30 billion on gift cards alone this holiday season, buying four cards, on average, with each worth about $49, the NRF also found.

However, many of those cards will end up either unused or hawked online.

Enter gift card exchanges. Sites such as Cardpool and Raise help you trade in those unwanted cards for cash.

Despite gift cards being the most desired Christmas and holiday present year after year, Dec. 26 is, according to Cardpool, typically the company’s single busiest day of the year for unloading unused cards.

The problem arises when recipients don’t get the exact gift card they wanted, said Mike Jack, the general manager of Cardpool.

The resale value can vary dramatically but generally ranges from below 70 percent to over 90 percent, depending on the popularity of the card and its availability.

“Every merchant has its own supply and demand,” Jack said.

Some of the most valuable cards include iTunes, Starbucks, Target and Walmart, according to Cardpool. (Alternatively, savvy shoppers can score the gift cards they desire at steep discounts through the same online marketplaces.)


Company: cnbc, Activity: cnbc, Date: 2018-12-20  Authors: sharon epperson, jessica dickler, adam jeffery
Keywords: news, cnbc, companies, nrf, card, unused, unwanted, swap, according, jack, cards, gift, cardpool, season, cash, holiday


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Missouri Gov. Eric Greitens was aggressor in unwanted sexual encounter, report says

According to the report, the woman testified that she met Greitens in 2013 as a customer of her hair salon. After she arrived through the back door, the report said that the woman testified Greitens searched her purse and “patted her down from head-to-toe.” After telling Greitens, “I don’t want this,” the woman testified that Greitens unbound her hands. Asked in a January interview with The Associated Press if he had ever slapped the woman, Greitens responded: “Absolutely not.” On Wednesday, Gre


According to the report, the woman testified that she met Greitens in 2013 as a customer of her hair salon. After she arrived through the back door, the report said that the woman testified Greitens searched her purse and “patted her down from head-to-toe.” After telling Greitens, “I don’t want this,” the woman testified that Greitens unbound her hands. Asked in a January interview with The Associated Press if he had ever slapped the woman, Greitens responded: “Absolutely not.” On Wednesday, Gre
Missouri Gov. Eric Greitens was aggressor in unwanted sexual encounter, report says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-04-11  Authors: craig barritt, getty images entertainment, getty images
Keywords: news, cnbc, companies, report, greitens, sexual, unwanted, aggressor, criminal, house, testified, eric, missouri, told, 2015, woman, going, gov, encounter


Missouri Gov. Eric Greitens was aggressor in unwanted sexual encounter, report says

Missouri Gov. Eric Greitens initiated a physically aggressive unwanted sexual encounter with his hairdresser and threatened to distribute a partially nude photo of her if she spoke about it, according to testimony from the woman released Wednesday by a House investigatory committee.

The graphic report details multiple instances in which the woman said Greitens spanked, slapped, grabbed, shoved and called her derogatory names during a series of sexual encounters as he was preparing to run for office in 2015. The testimony contradicts Greitens’ previous assertions that “there was no violence” and “no threat of violence” in what he has described as a consensual extramarital affair.

The report, signed by all seven committee members, describes the woman’s testimony as credible and notes that Greitens has so far declined to testify or provide documents to the panel. It also outlines instances where Greitens’ public comments appear to run counter to some of her allegations.

The special House investigation was initiated shortly after Greitens was indicted in February on a felony invasion-of-privacy charge for taking a nonconsensual photo of the partially nude woman and transmitting it in a way that could be accessed by a computer. The woman told the committee that Greitens took the photo after manipulating her into a compromising position during an unwanted sexual encounter and that he told her “everyone will know what a little whore you are” if she told anyone about him.

Greitens, 44, has refused to directly answer media questions about whether he took the photo but he has steadfastly denied any criminal wrongdoing. He said he expects to be proven innocent during this trial, which is scheduled for May 14.

Speaking shortly before the report was released, Greitens told reporters gathered at the Capitol that he expected it to contain “lies and falsehoods” and reaffirmed his commitment to remaining in office.

“This is a political witch hunt,” Greitens said, later adding: “This is exactly like what’s happening with the witch hunts in Washington, D.C.”

The legislative report could serve as a basis for lawmakers to initiate impeachment proceedings to try to remove Greitens from office, though it makes no recommendation about what lawmakers should do. Impeachment can occur independently of a criminal case.

House Minority Leader Gail McCann Beatty said: “For the good of the state, Eric Greitens must immediately resign” or else the House must “restore integrity” to the office. Senate Minority Leader Gina Walsh also called for the House to impeach Greitens if he doesn’t quit.

According to the report, the woman testified that she met Greitens in 2013 as a customer of her hair salon. She said she had a crush on Greitens but was shocked when he ran his hand up her leg and touched her crotch without her consent during a March 2015 hair appointment. He later invited her to his St. Louis home while his wife was out of town.

After she arrived through the back door, the report said that the woman testified Greitens searched her purse and “patted her down from head-to-toe.” He then asked if she had exercised and had her change into a white T-shirt with a slit on the top and pajama pants.

“I thought, oh, this is going to be some sort of sexy workout,” the woman testified.

But once in his basement, Greitens taped her hands to pull-up rings, blindfolded her, started kissing her, ripped open the shirt and pulled down her pants, the woman testified. She didn’t give consent to be disrobed or kissed, the report said. The woman testified that she then heard a click, like of a cellphone picture, and saw a flash.

The woman testified that Greitens told her: “Don’t even mention my name to anybody at all, because if you do, I’m going to take these pictures, and I’m going to put them everywhere I can. They are going to be everywhere, and then everyone will know what a little whore you are.”

When she remained silent, the woman said Greitens “spanked me and said, `Are you going to mention my name?’ And I said, I just gritted through my teeth, and I said, `No.’ And he’s like, `Good, now that’s a good girl.”‘

“I was definitely fearful,” the woman testified to the legislative committee.

After telling Greitens, “I don’t want this,” the woman testified that Greitens unbound her hands. She said she started “uncontrollably crying.” She said Greitens then grabbed her in a hug and laid her down. She said he put his penis near her face and she gave him oral sex. Asked by the committee whether the oral sex was coerced, she responded: “Coerced, maybe. I felt as though that would allow me to leave.”

The woman testified she returned to Greitens’ house later that day because she had forgotten her keys. She said she confronted him about taking a photo and he responded: “You have to understand, I’m running for office, and people will get me, and I have to have some sort of thing to protect myself.” Then she said Greitens added: “I felt bad, so I erased it.”

The House committee report said it doesn’t possess any physical or electronic evidence of the photo.

The woman testified that she had several additional sexual encounters with Greitens, including one in June 2015 when “he slapped me across my face” after she acknowledged having slept with her husband. She said she didn’t think Greitens was trying to hurt her, but rather “I felt like he was trying to claim me.”

In another subsequent sexual encounter, the woman testified that Greitens “out of nowhere just, like kind of smacked me and grabbed me and shoved me down on the ground, and I instantly just started bawling.”

It “actually hurt, and I know that I actually was really scared and sad when that happened,” she testified.

The woman’s account contradicts statements Greitens made previously. Asked in a January interview with The Associated Press if he had ever slapped the woman, Greitens responded: “Absolutely not.”

Greitens, a Rhodes Scholar and former Navy SEAL officer, was considered a rising GOP star. He went so far as to reserve the web address ericgreitensforpresident.com years ago.

Greitens first acknowledged having an extramarital affair on Jan. 10, when St. Louis TV station KMOV ran a story revealing that the woman’s ex-husband had released a secret audio recording of a 2015 conversation in which she told him about the photo Greitens took at his home.

Greitens’ attorneys have asserted that prosecutors have failed to produce evidence that a photo exists. Prosecutors previously acknowledged that they don’t have the photo, though they could be trying to obtain it.

On Wednesday, Greitens referenced a recent court filing by his defense attorneys stating that the woman had testified in the criminal case that she’s unsure whether her belief that Greitens had a phone came from a dream.

Greitens’ attorneys had tried to persuade the Legislature to delay its report until after his criminal trial, arguing that it could include some information that isn’t fully accurate and could taint the jury pool.

On Wednesday, Greitens criticized the House report as “one-sided tabloid, trash gossip that was produced in a secret room.”

In addition to the legislative investigation and the criminal case, Republican Attorney General Josh Hawley is investigating The Mission Continues, the veterans charity founded by Greitens, as it relates to the state’s consumer protection and charitable registration and reporting laws.

That probe came after media reports that Greitens’ campaign had obtained and used a charity donor list in 2015 as it ramped up fundraising for his gubernatorial bid.

Download the full report here.


Company: cnbc, Activity: cnbc, Date: 2018-04-11  Authors: craig barritt, getty images entertainment, getty images
Keywords: news, cnbc, companies, report, greitens, sexual, unwanted, aggressor, criminal, house, testified, eric, missouri, told, 2015, woman, going, gov, encounter


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ECB’s Draghi talks policy after the central bank drops its easing bias

[The stream is slated to start at 13:30 GMT. Please refresh the page if you do not see a player above at that time.] European Central Bank (ECB) President Mario Draghi is speaking at the institution’s headquarters in Frankfurt, Germany, following the Governing Council’s interest rate decision. Investors will be looking for clues as to the ending of the ECB’s massive bond-buying scheme. But Draghi is not expected to reveal too much in order to prevent any unwanted market tightening, exercising ca


[The stream is slated to start at 13:30 GMT. Please refresh the page if you do not see a player above at that time.] European Central Bank (ECB) President Mario Draghi is speaking at the institution’s headquarters in Frankfurt, Germany, following the Governing Council’s interest rate decision. Investors will be looking for clues as to the ending of the ECB’s massive bond-buying scheme. But Draghi is not expected to reveal too much in order to prevent any unwanted market tightening, exercising ca
ECB’s Draghi talks policy after the central bank drops its easing bias Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: cnbccom staff
Keywords: news, cnbc, companies, bank, stream, central, uncertainty, timeeuropean, unwanted, drops, draghi, ecbs, tightening, bias, surge, start, talks, speaking, easing, policy, market


ECB's Draghi talks policy after the central bank drops its easing bias

[The stream is slated to start at 13:30 GMT. Please refresh the page if you do not see a player above at that time.]

European Central Bank (ECB) President Mario Draghi is speaking at the institution’s headquarters in Frankfurt, Germany, following the Governing Council’s interest rate decision.

Investors will be looking for clues as to the ending of the ECB’s massive bond-buying scheme.

But Draghi is not expected to reveal too much in order to prevent any unwanted market tightening, exercising caution after the recent surge in market uncertainty.


Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: cnbccom staff
Keywords: news, cnbc, companies, bank, stream, central, uncertainty, timeeuropean, unwanted, drops, draghi, ecbs, tightening, bias, surge, start, talks, speaking, easing, policy, market


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Top European officials are slamming Mnuchin’s comments on a weaker dollar

Another top official at the European Central Bank has made a thinly-veiled swipe at the U.S. administration, following comments made by Treasury Secretary Steven Mnuchin which caused the dollar to slump against the euro. The greenback tanked to a three-year low Wednesday when Mnuchin said that a weaker dollar is beneficial for the country. This recent depreciation is causing jitters in Europe, where a stronger euro could impact export-focused companies and jeopardize ECB plans to reduce monetary


Another top official at the European Central Bank has made a thinly-veiled swipe at the U.S. administration, following comments made by Treasury Secretary Steven Mnuchin which caused the dollar to slump against the euro. The greenback tanked to a three-year low Wednesday when Mnuchin said that a weaker dollar is beneficial for the country. This recent depreciation is causing jitters in Europe, where a stronger euro could impact export-focused companies and jeopardize ECB plans to reduce monetary
Top European officials are slamming Mnuchin’s comments on a weaker dollar Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-26  Authors: silvia amaro, fabrice coffrini, afp, getty images
Keywords: news, games, cnbc, companies, dollar, comments, european, weaker, policy, stronger, mnuchin, monetary, officials, ecb, euro, helpful, mnuchins, slamming, unwanted


Top European officials are slamming Mnuchin's comments on a weaker dollar

Another top official at the European Central Bank has made a thinly-veiled swipe at the U.S. administration, following comments made by Treasury Secretary Steven Mnuchin which caused the dollar to slump against the euro.

The greenback tanked to a three-year low Wednesday when Mnuchin said that a weaker dollar is beneficial for the country. This recent depreciation is causing jitters in Europe, where a stronger euro could impact export-focused companies and jeopardize ECB plans to reduce monetary stimulus.

“We’ve seen lots of volatility being created recently by different statements — I think that’s not helpful,” Benoit Coeure, executive board member of the ECB, said Friday at a panel at the World Economic Forum in Davos.

“Any discussion on the exchange rates should be sent back to where it belongs, which is multilateral bodies, which is G-7 and G-20,” he said.

“Volatility isn’t helpful and if that would reach a point where this would create any unwanted consequence for us, any unwanted tightening of monetary policy, we would have to reassess,” Coeure added.

The euro has risen over the last few months due to the economic recovery in the region, but the appreciation has also been largely fueled by a weaker dollar. A stronger euro could affect inflation in the euro zone — which the ECB has tried to support in the last few years — potentially prompting a change in its policy.


Company: cnbc, Activity: cnbc, Date: 2018-01-26  Authors: silvia amaro, fabrice coffrini, afp, getty images
Keywords: news, games, cnbc, companies, dollar, comments, european, weaker, policy, stronger, mnuchin, monetary, officials, ecb, euro, helpful, mnuchins, slamming, unwanted


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Contraceptive app hit with complaints after being blamed for 37 unwanted pregnancies

Natural Cycles, a contraceptive app that became certified in the EU as a form of birth control, has been hit with a complaint after being blamed for causing 37 unwanted pregnancies, reports Swedish publication SVT. Natural Cycles has a Pearl Index of 7, which means it is 93% effective at typical use, which we also communicate. As our user base increases, so will the amount of unintended pregnancies coming from Natural Cycles app users, which is an inevitable reality.” A midwife at SÖS, Carina Mo


Natural Cycles, a contraceptive app that became certified in the EU as a form of birth control, has been hit with a complaint after being blamed for causing 37 unwanted pregnancies, reports Swedish publication SVT. Natural Cycles has a Pearl Index of 7, which means it is 93% effective at typical use, which we also communicate. As our user base increases, so will the amount of unintended pregnancies coming from Natural Cycles app users, which is an inevitable reality.” A midwife at SÖS, Carina Mo
Contraceptive app hit with complaints after being blamed for 37 unwanted pregnancies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-16  Authors: thuy ong, source, natural cycles
Keywords: news, games, cnbc, companies, hospital, 37, cycles, app, pregnancies, natural, blamed, contraception, hit, complaints, sdersjukhuset, unwanted, users, contraceptive, mpa


Contraceptive app hit with complaints after being blamed for 37 unwanted pregnancies

Natural Cycles, a contraceptive app that became certified in the EU as a form of birth control, has been hit with a complaint after being blamed for causing 37 unwanted pregnancies, reports Swedish publication SVT. Södersjukhuset hospital in Stockholm reported the app to Swedish regulator MPA (the Medical Product Agency), after 37 women visited the hospital for an abortion after becoming pregnant while using Natural Cycles.

More from The Verge:

What kind of emoji do you need to talk about climate change?

One man ruptured his throat by trying to hold back a sneeze

Fox has renewed Neil deGrasse Tyson’s Cosmos for a second season

The app uses an algorithm and measures factors like temperature to determine the period when a woman may be fertile. It’s a popular alternative to hormonal contraceptives like the pill because it lacks side effects. In a statement to The Verge, Natural Cycles said it hasn’t received any information from Södersjukhuset hospital, but are in touch with the MPA about each individual case. The company has also initiated an internal investigation with their clinical department, and said:

“No contraception is 100% effective, and unwanted pregnancies is an unfortunate risk with any contraception. Natural Cycles has a Pearl Index of 7, which means it is 93% effective at typical use, which we also communicate. At first sight, the numbers mentioned in the media are not surprising given the popularity of the app and in line with our efficacy rates. As our user base increases, so will the amount of unintended pregnancies coming from Natural Cycles app users, which is an inevitable reality.”

The app currently has 700,000 users worldwide. A midwife at SÖS, Carina Montin, told SVTthat the hospital was reporting Natural Cycles to the MPA because of the unwanted pregnancies it helped cause. The app is designed for users aged 18 years and over, and Natural Cycles says younger users should consider another form of contraception


Company: cnbc, Activity: cnbc, Date: 2018-01-16  Authors: thuy ong, source, natural cycles
Keywords: news, games, cnbc, companies, hospital, 37, cycles, app, pregnancies, natural, blamed, contraception, hit, complaints, sdersjukhuset, unwanted, users, contraceptive, mpa


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Good news for FedEx and UPS: People just opened $90 billion in unwanted gifts

Trevor Outman, co-founder and president of Shipware, a consulting firm aimed at vendors trying to reduce shipping costs, said return costs are among the top concerns of clients. “If it’s a pain for customers to return items, they will go elsewhere.” Shoppers prefer to buy online but return goods in a store, Raj Subramaniam, who heads FedEx’s marketing, said on a call with investors last week. But both FedEx and UPS are trying to get a bigger slice of the pie for both deliveries and returns, by m


Trevor Outman, co-founder and president of Shipware, a consulting firm aimed at vendors trying to reduce shipping costs, said return costs are among the top concerns of clients. “If it’s a pain for customers to return items, they will go elsewhere.” Shoppers prefer to buy online but return goods in a store, Raj Subramaniam, who heads FedEx’s marketing, said on a call with investors last week. But both FedEx and UPS are trying to get a bigger slice of the pie for both deliveries and returns, by m
Good news for FedEx and UPS: People just opened $90 billion in unwanted gifts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-26  Authors: leslie josephs, johan nilsson, afp, getty images
Keywords: news, games, cnbc, companies, ups, dropoff, 90, items, goods, locations, opened, retailers, gifts, fedex, returns, billion, unwanted, costs, return, good


Good news for FedEx and UPS: People just opened $90 billion in unwanted gifts

Don’t like your holiday present? That’s a gift for FedEx and UPS. The companies stand to gain as fickle shoppers — and hard-to-please loved ones — send items back to retailers and other vendors in droves.

Consumers will return about $90 billion worth of goods this holiday season, estimates Optoro, a firm that specializes in the business of return shipments. That sum amounts to close to a quarter of the total value of goods returned each year, an amount that has been growing steadily as consumers shift their shopping online, according to Optoro.

Both FedEx and UPS have been trying to capture a bigger share of the returns business as retailers contend with demanding shoppers who want a generous and user-friendly return policy.

Returns are a major challenge to retailers who are facing costly return rates as e-commerce grows. Trevor Outman, co-founder and president of Shipware, a consulting firm aimed at vendors trying to reduce shipping costs, said return costs are among the top concerns of clients. One way to reduce costs, he recommends, is to reduce “dead space” in shipping boxes that might be too big for the item, which drives up prices.

“Being able to return is now a competitive tool,” said Bruce Cohen, who heads strategy and private equity for retail and consumer products at consulting firm Kurt Salmon, a unit of Accenture. “If it’s a pain for customers to return items, they will go elsewhere.”

Shoppers prefer to buy online but return goods in a store, Raj Subramaniam, who heads FedEx’s marketing, said on a call with investors last week. About 15 percent of goods are returned, while apparel returns come back at twice that rate, he estimated.

But both FedEx and UPS are trying to get a bigger slice of the pie for both deliveries and returns, by making drop-off locations convenient for consumers. Retailer Kohl’s earlier this year said it would start accepting returns at its stores for items bought on Amazon.

FedEx has pick-up and drop-off locations in supermarkets, drugstores and other locations to better capitalize on the booming business of returns. The company has set up such centers at more than 7,500 Walgreens drugstores, as well as at some Kroger and Albertson’s supermarkets.

UPS took a stake in Optoro last year, as the company, like FedEx, tries to generate revenue from not only returns but from placing unwanted items in channels where they’re most likely to sell. UPS also operates the Access Point network, which has more than 27,000 drop-off points, including those in local businesses, such as dry cleaners and hardware stores.

Steering consumers to pick-up and drop-off locations saves both companies money because labor and fuel costs are lower when many packages can be picked up from one place rather than retrieving packages door-to-door.

January marks the peak of returns, accounting for 51 percent of returns, according to Optoro, but many consumers waste little time in returning their unwanted items right after Christmas. Dec. 26 through Dec. 31 accounts for 40 percent of returns.

UPS said 5.8 million packages were shipped back to retailers in the first full week of January this year.

— CNBC’s Lauren Hirsch contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2017-12-26  Authors: leslie josephs, johan nilsson, afp, getty images
Keywords: news, games, cnbc, companies, ups, dropoff, 90, items, goods, locations, opened, retailers, gifts, fedex, returns, billion, unwanted, costs, return, good


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Boot those unwanted gifts during holiday return-a-thon

Return, exchange or even sell your unwanted holiday gifts. “We do see that about 27% of holiday shoppers say they’ll usually include a gift receipt,” said Katherine Cullen, the federation’s director of retail and consumer insights. At Target, a gift receipt will get you a merchandise return card, which unlike a regular gift card only can be used in-store. Tips for using gift cardsFor the 11th year in a row, gift cards were the most requested gift. At most Target stores, you can trade almost any


Return, exchange or even sell your unwanted holiday gifts. “We do see that about 27% of holiday shoppers say they’ll usually include a gift receipt,” said Katherine Cullen, the federation’s director of retail and consumer insights. At Target, a gift receipt will get you a merchandise return card, which unlike a regular gift card only can be used in-store. Tips for using gift cardsFor the 11th year in a row, gift cards were the most requested gift. At most Target stores, you can trade almost any
Boot those unwanted gifts during holiday return-a-thon Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2017-12-25  Authors: kelly tyko, kamil krzaczynski
Keywords: news, games, cnbc, companies, stores, boot, returnathon, store, target, returns, holiday, unwanted, gifts, gift, card, return, cards, receipt


Boot those unwanted gifts during holiday return-a-thon

Don’t settle for another copy of your favorite DVD or the umpteenth ugly Christmas sweater.

Return, exchange or even sell your unwanted holiday gifts.

The annual return-a-thon kicks off early Tuesday as retailers start after-Christmas sales aiming to unload more merchandise.

According to the National Retail Federation, three out of four holiday shoppers checked return policies before making a purchase.

“We do see that about 27% of holiday shoppers say they’ll usually include a gift receipt,” said Katherine Cullen, the federation’s director of retail and consumer insights.

Gift receipts can make the returns process much easier but many retailers have relaxed their regular return policies for the holiday season.

Cullen said the retail group’s survey showed consumers on average returned only 4% of their gifts. The percent was slightly higher among millennials who returned 7% of their gifts.

Although you can ship some unwanted gifts back to retailers, when possible go to the stores to do returns, said Lindsay Sakraida, director of content marketing for DealNews.com.

Sakraida said this is helpful especially if you don’t have a receipt or are looking for flexibility.

“If they know you’re going to be buying something else in that visit, they’re more likely to be accommodating,” Sakraida said of retailers.

If you can’t return or exchange gifts, consider selling them on eBay or similar apps and websites.

“EBay’s a great option for consumers who are looking to sell gifts that weren’t quite right,” said Laura Chambers, eBay’s vice president of consumer selling, in a prepared statement. “As one of the largest marketplaces with 168 million buyers, there’s always someone who wants to purchase what you’re selling.”

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Return tips

Follow these tips and skip the post-holiday-gift-return headache:

Know the policies, deadlines: Read policies at store websites, on store signs or on the back of receipts.

Avoid the crowds: Early mornings and late evenings can be less chaotic times to make a return, but immediately after Christmas, you should expect long lines. It might be best to wait a few days.

Receipts: Having an original receipt or gift receipt usually makes the return process go more smoothly and improves your chances of getting a full refund. At Target, a gift receipt will get you a merchandise return card, which unlike a regular gift card only can be used in-store.

No receipt: Returns without a receipt usually result in a merchandise credit for the lowest recent sale price or possibly no refund or exchange at all, depending on the store’s policy.

Exchange it: Like the gift but want it in another color or size? This is a possibility. Look for the item or ask for assistance and if it’s not in stock, ask a store associate if it’s available online or at another store location.

Mystery gift: Not sure where a gift came from? If it has a barcode, try scanning it with a smartphone app such as ShopSavvy, which is available for Apple and Android.

Bring your ID: Even if you have a receipt, some stores require a government-issued ID.

Extra fees: If you are returning any electronics or an item that has been opened, be prepared to pay a restocking fee of up to 15 percent.

Talk to a manager: If you have a problem returning a gift, contact the store manager or the retailer’s customer service department.

Be nice: Some returns are granted on a case-by-case basis, so patience and kindness may go a long way.

Tips for using gift cards

For the 11th year in a row, gift cards were the most requested gift. If you received one, here are some tips to get the most out of them:

The fine print: Read the card’s terms and conditions. Pay close attention to whether the card is redeemable only at a certain store or location.

Fees: Some state laws, including Florida, bar service fees and expiration dates on store gift cards, but the rules on cards branded with the name of a credit card company are stricter. These cards cannot expire for at least five years and cannot have a service fee deducted unless it has not been used in 12 months.

Bonus cards: If you received a bonus gift card, sometimes called bonus bucks, most of these expire. Some stores and restaurants treat these as coupons and have restrictions on how they can be used. Also, many gift card deals are available through Dec. 31 so consider buying more cards to use yourself.

More: Holiday bonus! Buy a gift card, get a freebie at these restaurants

Protect your card: Some gift cards can be registered as credit cards on websites listed on the card, which can protect them against theft or loss. Also take photos of the front and back of the card or write down card details as some companies will replace lost or stolen cards if you can provide specifics. Receipts with card information are good to hold on too.

Use it: You never know when a retailer may close — think of Sports Authority — so use the cards as soon as possible.

Trade it: If you get an unwanted card, you can sell it or trade it for another card at sites like CardPool.com, Raise.com and CardCash.com. At most Target stores, you can trade almost any gift card for a Target gift card. Learn more at Targettrade-in.com. Just know you won’t get the full value of the cards.

After-Christmas sales

Here are some of the best things to shop for during after-Christmas sales:

Holiday items: Artificial Christmas trees, decorations, gift wrap, bags, bows and items packaged with holiday branding will be marked down 50 to 70% at most stores. As the days go by, the discounts will increase. At Target.com, shoppers with a Target credit or debit card save an extra 20 percent off clearance online starting Dec. 25.

Clothes: Stores will offer some of the biggest discounts of the year, and many department stores will have coupons in store circulars and on mobile apps.

Electronics: Several electronic and tech items are on sale after Christmas, but if you’re looking for a brand name big-screen HDTV, you should wait until the end of January when 2017 models will be discounted to make room for 2018 models.

Storage and organization: The upcoming new year offers a chance to get organized with sales on storage bins.


Company: cnbc, Activity: cnbc, Date: 2017-12-25  Authors: kelly tyko, kamil krzaczynski
Keywords: news, games, cnbc, companies, stores, boot, returnathon, store, target, returns, holiday, unwanted, gifts, gift, card, return, cards, receipt


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