Parija Kavilanz
Parija Kavilanz
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You might be surprised who's moving into those sad, abandoned malls

You might be surprised who's moving into those sad, abandoned malls

New York (CNN)Consumers will still be heading to malls in the future. But their trips might have little or nothing to do with shopping. With mall vacancies accelerating at a rapid clip amid a surge in online shopping, landlords are quickly looking for other ways to reuse the glut of empty stores that will help boost traffic to shopping centers.According to data from research firm (REIS) Moody's Analytics, the rate of mall vacancies is at a historic high of 9.8% in early September, exceeding the previous peak of 9.3% in 2011."I suspect that this rate will continue to float upwards over the...

September 18, 2020
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Walmart gets backlash over T-shirts with 'All Lives Matter' and 'Irish Lives Matter' slogans | CNN Business

Walmart gets backlash over T-shirts with 'All Lives Matter' and 'Irish Lives Matter' slogans | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Walmart is facing heat for selling T-shirts that feature variations of the “Black Lives Matter” slogan, including “All Lives Matter,” “Blue Lives Matter,” “Irish Lives Matter” and “Homeless Lives Matter.”The backlash erupted on social media, where users criticized the world’s largest retailer for allegedly “mocking” the movement, which has come to symbolize a call to action against racism and police killings of Black people in America.The slogan was born after the in 2012.Since then, “Black Lives...

June 24, 2020
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Swiffer. Blackberry. Dasani. Meet the man who named your favorite products | CNN Business

Swiffer. Blackberry. Dasani. Meet the man who named your favorite products | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , and , CNN BusinessLink Copied!Ad FeedbackHave you ever wondered how the BlackBerry smartphone got its name? Or how about the Swiffer mop, or the Impossible burger?Just ask David Placek. For three decades, his company, Lexicon Branding, has been hired by the likes of Intel, Apple, Procter & Gambleand Coca-Cola, to help name hundreds of products and launch corporate rebranding campaigns.The Sausalito, California-based firm is behind the name for Intel’s Pentium brand of processors, Apple’s PowerBook, Coca-Cola’s Dasani bottled water and many...

September 8, 2019
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3M CEO: Our medical masks should not be showing up in stores

3M CEO: Our medical masks should not be showing up in stores

New York (CNN Business)Every respirator mask that's available right now should be going to a healthcare worker on the front lines, caring for coronavirus-infected patients. They should not be sold in stores to consumers, said 3M CEO Mike Roman in a Monday.3M is the largest maker of medical face masks, specifically the N95 respirator mask.Roman also said 3M is working with federal and state authorities to curb counterfeiting and price gouging of its products and devices, including the masks. "We are in the process of working with large e-marketplace operators on a coordinated strategy and...

March 6, 2020
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Toilet paper makers: 'What we are dealing with here is uncharted'

Toilet paper makers: 'What we are dealing with here is uncharted'

New York (CNN Business)As the , households across the country are hunkering down and emptying out store shelves.Toilet paper has a become the ultimate symbol of the panic buying; it's seemingly scooped up as soon as new rolls hit the shelves.Companies that help supply these everyday paper products are stunned and trying to adjust to this rapidly evolving new normal in consumer behavior.They're faced with tradeoffs. Many were already operating their manufacturing facilities 24/7 prior to the pandemic. Now, some are limiting their facilities to essential workers and contractors. It's unclear,...

March 27, 2020
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Walmart enters the clothing resale market with ThredUP partnership | CNN Business

Walmart enters the clothing resale market with ThredUP partnership | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Walmart on Wednesday announced a partnership with resale platform ThredUp to sell previously owned branded clothing, shoes, handbags and more online.This marks the first foray by Walmart, the world’s largest retailer, into the clothing resale market.The company said it started planning the initiative a year ago and launched it at a time when the pandemic has forced many households to become even more budget conscious amid widespread furloughs and job losses.Walmart’s resale push, which follows...

September 27, 2019
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