How Bloomingdale’s Is Reinventing The Beauty Shopping Experience

Department stores are in the battle for their lives. Classed in the category of general merchandise stores in Census Department’s Monthly Retail Trade Survey, department stores, excluding discounters, shrunk 2.1% year-over-year through October 2018, as compared to the entire general merchandise category, which posted healthy 3.5% growth. In the last ten years, department stores have experienced a massive 30% drop in sales…….

Source: How Bloomingdale’s Is Reinventing The Beauty Shopping Experience

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Reclusive Millionaire Warns: “Get Out of Cash Now”

Something strange is going on in the financial system. And according to The Financial Times, it’s about to send a massive flood of cash into the pockets of the most prepared Americans. What exactly is going on and what does it mean for your money? I recently met up with former hedge fund manager, Dr. Steve Sjuggerud — one of the most widely-followed financial analysts in the world. Today, he shuns the spotlight and lives on a remote island off the Florida coast. And he’s built a new life… and a substantial fortune… by sharing a series of eerie predictions. Many of which have proven correct…….

Source: Investing Outlook

Forbes Mutual Fund Ratings: The Honor Roll

These funds have done well over the long pull while beating peers in bear markets. We evaluated 1,261 domestic stock funds. Twenty-six were good enough to make our Honor Roll. The select list includes some familiar names, like Vanguard Primecap and Fidelity Contrafund, and some less familiar ones like Parnassus Core Equity. Honor Roll members cleared three hurdles. They had to beat the stock market over three market cycles going back to October 2002. They had to hold up comparatively well in down markets, earning an A+ or A. They had to keep their expenses to a reasonable level: below the 1.5% median for this collection of mutual funds……

Source: Forbes Mutual Fund Ratings: The Honor Roll

Older Workers Need Further Labor Market Improvements

Older workers in particular need the labor market to continue its growth streak. Employers added 312,000 new jobs in December 2018, according to the Bureau of Labor Statistics. This is welcome news, but the labor market needs to continue improving, so that older workers will see real economic security. Additional job gains could make it easier for unemployed older workers to find a new job. And continued job market growth could further shrink inequalities in job market outcomes for older workers, for instance, by race and ethnicity…..

Source: Older Workers Need Further Labor Market Improvements

The 10 Most Customer Focused Companies In Asia -Blake Morgan

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All over the world customers are king. But it’s especially true in Asia. Customers in Asia are unlike any others in the world. They tend to be more connected to their mobile devices and are eager to spend and connect with brands. Many of the most successful companies are those that are completely focused on their customers. Here are 10 of the most customer-focused companies in Asia. Customers are front and center at Singapore-based DBS Bank. The company has a Customer Experience Council, chaired by the CEO, which proactively anticipates and addresses customer needs……………

 

 

 

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Dubai Emerging Market Maverick Abraaj Gets A Lifeline – Kenneth Rapoza

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The past 12 months weren’t great for emerging markets—but it’s been far worse for Dubai-based private equity firm Abraaj Group and its founder Arif Naqvi. Bad fortune of being in the wrong place with the wrong people at the wrong time, including a scandal at a key lender, is what did them in. Its fall from being a respected, $14 billion powerhouse in the world of impact investing in private equity to a company offered a buyout of just $1 is in one of the biggest stories in emerging markets this year. At one time, it was the largest private equity firm in the world, attracting the likes of the Gates Foundation…………

 

 

 

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Black Friday, Cyber Monday Sales Hit Another High, But It’s Not Time To Celebrate Yet – Andria Cheng

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The American sport of deal hunting and conspicuous consumption has again been on display with the onset of Black Friday doorbuster deals followed by Cyber Monday promotions enticing consumers to open their wallets and officially kick off the U.S. holiday shopping season.On Cyber Monday, an occasion the industry invented to encourage online shopping, American consumers were on track to spend $7.8 billion and make it the biggest online shopping day in U.S. history, according to Adobe Analytics. That follows record online sales for both Black Friday and this past weekend. More than $2 billion of Monday’s sales, or nearly 20% of the day’s total, is expected to come from smartphones, after mobile spending topped $2 billion for the first time on Friday, according to Adobe………………

 

 

 

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MIT Awards $1 Million To Most Innovative Future Of Work Organizations In The World – Devin Cook

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The MIT Initiative on the Digital Economy has announced the four global grand prize winners for the 2018 MIT Inclusive Innovation Challenge (IIC). The winning organizations were selected by the IIC Champion Committee from 20 Regional Winners in Latin America, Asia, Africa, Europe, and North America. All were vetted after a year-long search for the most innovative, impactful, and scalable future of work solutions on the planet. from more than 1,500 global registrants by in-region experts and chosen by Selection Panels at regional celebrations this summer…………

Read more: https://www.forbes.com/sites/gradsoflife/2018/11/15/mit-awards-1-million-to-most-innovative-future-of-work-organizations-in-the-world/#4847d4c2668a

 

 

 

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Walmart Is Latest Retailer to Beat Earnings, While Brexit Keeps Investors Guessing – JJ Kinahan

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Walmart became the latest major store to exceed earnings estimates Wednesday, and shares of the company climbed in pre-market trading. The Walmart news might help give the rest of the market a lift, but Brexit worries have the dollar on the rise again. Walmart earnings of $1.08 per share beat third-party consensus of $1.01, while revenue of $124.9 billion came in just shy of estimates. Walmart also raised fiscal 2019 guidance, and said ecommerce sales—a closely-watched area—rose 43%. That was well above estimates of 35% to 40%, and came as U.S. same-store sales……………

Read more: https://www.forbes.com/sites/jjkinahan/2018/11/15/walmart-is-latest-retailer-to-beat-earnings-while-brexit-keeps-investors-guessing/#3197496b78b3

 

 

 

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Visit One Of The Best (And Tastiest) Symbols Of A New York Neighborhood – Gerald Eskenazi

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You catch the aroma on Arthur Avenue as a happy shopper opens the door, left arm holding a huge, bulging bag of bread and cookies. Yes, this is the Madonia Bakery, in its way a symbol of New York as much as the Lower East Side, the High Line, and Rockefeller Center. New York, to New Yorkers, is the neighborhood, and increasingly these areas are being discovered by visitors to the Big Apple. And Madonia Bakery, on one of the iconic streets in the borough of the Bronx, makes the list……..

Read more: https://www.forbes.com/sites/geraldeskenazi/2018/11/04/visit-one-of-the-best-and-tastiest-symbols-of-a-new-york-neighborhood/#524bc3675cba

 

 

 

 

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