text:
Callaway Golf under CEO Oliver “Chip” Brewer is continuing to pivot away from its singular and seasonal reliance on golf and may eventually change its corporate name to reflect the broader direction. The public company has spent more than $676 million on three acquisitions—OGIO (Jan. 2017, $75.5 million), TravisMathew (Aug. 2017, $125 million) and Jack Wolfskin—in the last 23 months in a foray into the broader active lifestyle category. Callaway will finance the transaction for the nearly 38-year old German outdoor brand with a term loan and close it sometime in Q1 after obtaining necessary regulatory approvals.
In Wolfskin, Callaway obtains a well-established, premium outdoor brand in the DACH region of Europe and in China but with little brand presence in North America where it will have to compete for market share with the likes of Columbia, The North Face, Patagonia and Arc’teryx among others. Jack Wolfskin apparel currently does have distribution on the recently launched Walmart Premium Outdoor store online. ELY will aim to leverage its operational infrastructure to broaden Wolfskin’s geographical footprint to include N.A., Japan and Korea, and grow the company’s FY performance to $400 million in revenues and $50 million in EBITDA over the next few years. Meeting those targets would push Callaway’s annual revenues over the $1.6 billion mark with $200+ million in EBITDA. Potential Callaway-Wolfskin synergies are projected in distribution, supply chain and marketing.
Now led by CEO Melody Harris-Jensbach, a former chief product officer at Puma and chief product/design officer for Esprit, Jack Wolfskin has had two ownership groups over the last seven years. Private equity firm Blackstone, which bought the business in Aug. 2011 for €800 million, handed majority control to lenders (Bain Capital, HIG/Bayside and CQS) in a debt for equity swap in July 2017 that lowered Wolfskin’s total debt level nearly 57 percent to about €110 million. Brewer says Callaway will invest in Wolfskin’s operations and marketing among other areas, and responding to an analyst, suggests the company may have been “under resourced” in recent years.
Producing both active outdoor (ski, hiking, cycling) and urban outdoor apparel and footwear, Wolfskin generated approximately $380 million in revenues and $40 million in adjusted EBITDA over the last 12 months. Apparel accounts for 77 percent of the topline, followed by footwear (13%) and equipment (10%).
Callaway’s biggest challenge with Wolfskin in North America may be establishing a strong distribution platform. With vendors becoming more reliant on the direct-to-consumer channel, many retailers, including Sportsman’s Warehouse and Dick’s (Alpine Design), are developing their own outdoor apparel brands. Specialty outdoor retailer’s willingness to take on another premium outdoor brand will be tested, and Callaway’s current exposure in that market is limited.
The scheduled plan for the U.S. to raise tariffs on $200 million in China-made imports to 25 percent from 10 percent on Jan. 1, 2019, including on some sporting goods products, will not occur. At the G-20 Summit in Buenos Aires, Argentina Saturday, the U.S. and China agreed to table their respective confrontational discord for 90 days as they attempt to iron out some key trade differences.
In exchange for the U.S. agreeing to postpone additional tariffs, China said it would hike its purchases of U.S. industrial, energy and agricultural products to lower the trade imbalance between the two countries, and begin labeling fentanyl, the synthetic opioid tied to thousands of American drug deaths, as a controlled substance.
Ahead of the G-20, global economists had become increasingly concerned about the how impact of a protracted trade dispute between the two nations could continue rattling global financial markets and supply chains heading into 2019.
Commenting on the U.S.-China trade truce, Matthews Asia investment strategist Andy Rothman said, “The two sides appear to have had a major change of heart to move away from confrontation toward engagement. This changes the tone and direction of the bilateral conversation.”
Dow futures rose more than 400 points on the news ahead of Monday’s opening bell.
The National Retail Federation, in a statement, voiced its pleasure with the truce on tariffs, adding it hoped the pause would “lead to a positive resolution that removes tariffs altogether and improves U.S.-China trade relations.”
With the clock already ticking on another deadline, the world will be watching in Q1 to see if real trade resolutions between the U.S. and China can be reached.
In a separate trade matter, Pres. Trump is expected to formally terminate U.S. involvement in the North American Free Trade Agreement (NAFTA) with Canada and Mexico this month, likely forcing the new Congress’s hand in 2019 to approve the replacement deal, the United States-Mexico-Canada Agreement (USMCA) that includes more market access and a review provision every six years.
Dick’s Sporting Goods wants to have the ability to deliver ecommerce orders to the majority of its customers within two business days. To that end, the retailer is investing significantly in fulfillment, according to president Lauren Hobart, including the creation of dedicated ecommerce fulfillment centers in California and New York. The East coast facility will utilize robotics to accelerate automation and lower labor costs. The retailer, which experienced a 16 percent increase in Q3 ecommerce sales, is also able to fulfill and ship all orders from any of its stores.
As for its brick-and-mortar locations, Dick’s is developing new private label brands and testing a merchandise realignment in 10 locations. Virtually all hunt products were removed from those stores in favor of higher-margin baseball, licensed sports and outerwear products. CEO Ed Stack says it’s too early to address whether the test strategy will be expanded to additional doors in 2019, but he confirmed baseball is a “significantly higher margin business” than hunt. In six of the stores where baseball products have replaced hunt items, Dick’s has added batting cages and a fit station for premium bat purchases. Down the road, more experiential merchandising, perhaps one for soccer, could find their way into the chain’s stores.
On the matter of looming higher tariffs on sporting goods products, Stack says they concentrated in the retailer’s hard goods section. The go-forward strategy will be a combination of obtaining better pricing out of China, negotiating with vendors to absorb some additional costs and raising prices on unspecified products.
Stack declined to specify the retailer’s current exposure to tariffs, but commented, “…It’s not meaningful next year for us, but it’s going to come down to negotiations with the brands in the factories going forward to determine the impact.”
Dick’s overall Q3 revenues were down more than 4 percent to $1.86 billion, but merchandise margins were 213 basis points higher due to fewer sales of lower-margin hunt and electronics products, fewer promotions and an improved product cycle. The chain’s own Alpine Design outdoor apparel label debuted during the period and a house fitness brand is expected to launch in Q3/19.
The small-town operator completed its 135-door City Gear acquisition in Q3 and closed 24 underperforming namesake doors during the period ended Nov. 3. And there are plans to close another 25 locations in Q4 for a total of 82 for the FY versus 30 openings.
Meanwhile, technology and ecommerce are receiving added focus. CEO Jeffry Rosenthal says ecommerce margins have improved significantly year-over-year as more full-price selling has replaced clearance activity. All stores introduced BOPIS and ROPIS (Reserve Online, Pick-Up in Store) in October. Subsequently, each feature has been added to the Hibbett app. As for Q3 sales specifics, total revenues declined 8.8 percent to $216.9 million and was partly impacted by the sale of company’s team division last December. Comps were up 0.1 percent. By category, apparel comps were up for a fourth consecutive period, gaining high single digits and driven by double-digit expansion in men’s. Accessory category declined mid-single digits with a challenge in socks offsetting strong gains by backpacks. Licensed fell high-single digits, although college and the NFL were improved and down only low-single digits. Team sports sales were off mid-single digits with positive gains in baseball, softball and volleyball unable to offset declines in fitness, basketball and football.
• Sportsman’s Warehouse, which reported 2.3 percent Q3 sales growth to $223.1 million and a comp decline of 0.5 percent for the period, will shortly direct its website visitors to a new site and URL at sportsmans.com. On the private label front, the specialty retailer is hoping to grow the segment to a high-single digit percentage of total revenues over time from 3.5-3.8 percent in Q3. During the period, SPWH launched its first private label workwear, Wasatch Outdoor. CEO Jon Barker says the outdoor specialty chain, which opened its 11th Golden State store in Milpitas, CA in August, witnessed “more normalcy” in firearm promotions and a pullback on promotion within the camping segment, specifically generators. Firearm unit sales shot 8.8 percent higher, but ammunition sales dipped 3.4 percent. Footwear revenues grew 2.9 percent on solid gains from hiking and work boots and fishing was up 1.4 percent. Elsewhere, the chain experienced a 75 percent, year-over-year increase in Buy Online, Pick Up in Store orders in Q3, and experienced 23 percent year-over-year growth in loyalty members to 1.8 million. The group currently represents 46 percent of all revenues. The retailer, which intends to open 4-5 new stores in 2019 that includes one in Lansing, MI, is currently forecasting FY18 revenues of $844-852 million and annual comps in the flat to +2% range.
• Tilly's, which experienced a 3.9 percent drop in Q3 revenues, generated a 1.3 percent comp sales increase in brick-and-mortar and 4.3 percent comp gain overall (including ecommerce). Ecommerce sales rose 26.7 percent to an estimated $20.55 million. Footwear was the 227-door chain’s strongest category during the period. TLYS says the California wildfires did not have a material affect on results, although a few locations were closed for some days. Meanwhile, the specialty retailer continues to forge ahead with its RSQ private label denim brand, opening four pop-up locations for the brand this FY to date. Tilly’s, which hopes to open 15-20 new full-size stores in FY19, is working on an enhanced mobile app and an expanded loyalty program offering same-day delivery from select stores and a ship-to-store program.
• Sears reportedly intends to sell 505 store leases in early 2019 as it aims to further reduce debt and retain a brick-and-mortar presence. Additionally, the bankrupt retailer is seeking rent reductions from landlords for its remaining locations.
The running industry gathered in Austin, TX last week for the 13th annual Running Event conference and trade show. More than 290 brands showcased their running products on the show floor. View some of our top product picks from The Running Event trade show floor on Instagram here [instagram.com/sportsinsightextra] and look for in-depth coverage of the running market in upcoming issues of Sports Insight magazine.
New Balance has finally punched its re-entry ticket into the NBA, signing Toronto Raptor and former Brand Jordan endorser Kawhi Leonard to a multi-year shoe contract reportedly valued at more than $5 million annually. It is unclear at this point when and if Leonard, an NBA All-Star, will have a signature shoe with New Balance. Leonard is the brand’s most high profile NBAer since the 1980s and former Laker James Worthy. According to SBNation, Leonard, a two-time Defensive Player of the Year, failed to complete a new four-year contract with Nike earlier this year.
With the contract, the Boston company ends its months-long quest to establish a new foothold on the NBA hardwood. Earlier this year, NB lost out on its attempts to ink Boston’s Gordon Hayward (Anta), Philadelphia’s Joel Embiid (Under Armour) and Washington small forward Kelly Oubre Jr. (Converse) to endorsement agreements.
Adidas is adopting a Brooklyn “state of mind” with its new basketball footwear and apparel collection that was co-created with the adidas Brooklyn Farm. Each shoe in the assortment, which launched exclusively on the brand’s website Dec.1 ahead of an official launch date later this year, is embroidered with the “11222” zip code.
Nike is utilizing augmented reality inside its SNKRS app to reveal its new Air Jordan 11 Concord set to go on sale Dec. 8th.
New laws, less retail space and fewer donations to its top advocacy organization, the National Rifle Association, are negatively impacting the gun and ammo industry today.
The U.S. firearms business, riding sales highs during the Obama Administration, is facing a number of new challenges despite a staunch ally in the White House today. According to public filings obtained by The Daily Beast, contributions to the National Rifle Association (NRA) were down 22 percent in 2017 as the organization’s full-year revenues dipped 15 percent to $312 million.
Dick’s Sporting Goods, which made a controversial move earlier this with its decision to no longer sell assault weapons and tighten its store policy on selling guns, has removed all hunt products from 10 locations in favor of higher-margin assortments of baseball, licensed products and outerwear. Depending on reaction to the change, more of Dick’s 700+ stores could see shrinking firearms/ammo/hunt assortments in FY19 and beyond.
Meanwhile, the passage of Prop 63, which goes into effect in July 2019, has accelerated year-end sales of ammo in the Golden State. One San Diego area sporting goods store, for example, sold 600,000 rounds, half of its inventory, in the days immediately before Black Friday. The new California law, which is frustrating gun owners across the state, requires they pass a second background check to purchase ammunition after passing a first background check for a gun permit.
Wolverine Worldwide-owned Saucony has hired Don Lane, most recently SVP of brand and creative for DraftKings, as its new chief marketing officer. Lane, who previously spent more than two decades at global creative agency Arnold Worldwide, will report directly to Anne Cavassa, Saucony president.
Meanwhile, VF Corp. recently appointed Todd Dalhausser as brand president of its Altra business, effective immediately. He joins Altra from Saucony North America where he was SVP of sales. With his hire, Altra Co-Founder Brian Beckstead becomes founder and Chief Marketing Officer for the running brand with responsibility for all product and marketing. At The Rockport Group, seasoned fashion and lifestyle company veteran Javan Bunch, most recently CEO of Donald J. Pliner and previously with Tory Burch and Coach, has been installed as president of the Newton, MA company reporting to CEO Gregg Ribatt.
• Columbia Sportswear has named John Soh, a 20-year Nike veteran who most recently has been senior commercial director for LEGO in Asia-Pacific, as VP/GM of its China business, effective in mid-February.
• Sportsman’s Warehouse hires Steve Stoner as SVP of human resources and Eric Slugstab as director of inventory planning.
• Pixellot, a Tel Aviv, Israel company specializing in automatic sports production technology, names David Shapiro, president of its U.S. youth division and head of U.S. sales. He is the former CEO of Steel Sport. His hire follows a $30-million investment round in Pixellot, led by Los Angeles-based Shamrock Capital Advisors.
Adidas new N3XT L3V3L, is the brand’s first laceless basketball shoe, part of the adidas Brooklyn Farm collection for Spring/Summer 2019. It is also the first Adi style with LIGHTSTRIKE, a super-light midsole. MSRP $180.
Stanley is introducing Master Series Trigger-Action Mugs (16- and 20-oz; $50/$55 MSRP) for Fall 2019 featuring the brand’s QuadVac insulation technology that helps keep coffee hot for 7-9 hours.
Tifosi’s new AMOK series of running sunglasses are rooted in the brand’s lightweight Grilamid TR-90 frame that is flexible and virtually indestructible. Hydrophilic rubber on all contact points ensures a secure fit. Style comes with three lenses. MSRP $60-70.
Canada Goose recently filed for a secondary offering of 10 million shares that are being offered for sale by certain executive officers and directors of the Toronto company. None of the sale proceeds will be retained by the company.
Patagonia is investing the $10 million in cash it received from last year’s federal tax cut into grassroot organizations focused on climate change and public lands.
SFIA, which saw bipartisan passage of the PHIT Act in the House in July, is hoping the Senate will include the bill in tax package that will be voted on this month. Last week, the trade group was urging members to Tweet or email their respective senators about the need to include PHIT in the tax package.
YETI, in its first reported quarter since filing an IPO, generated a 7 percent revenue jump to $196.1 million and 51 percent increase in profitability to $17.0 million for the period ended Sep. 29. Direct-to-Consumer sales rose 23 percent to $71.2 million. Wholesale revenues were flat at $125.0 million with lower cooler and equipment sales offsetting higher drinkware.


text:
Even though Sony has a very strong lineup of exclusive titles for the PlayStation 3 in its library, does that mean they're selling well? According to NPD numbers dug up by gamasutra.com, the answer would be "not really".
LittleBigPlanet, one of Sony's biggest titles of the year, only managed to rake in approximately 611,000 unit sales for the year, while Resistance 2, Sony's other main holiday release, pulled in even less with roughly 598,000 units sold. These aren't terrible numbers, but being that they served as the main exclusives for the system during the holiday season, the sales figures are certainly disappointing.
Metal Gear Solid 4: Guns of the Patriots, which was released back in June, has managed to sell through around 1,076,000 copies. Respectable, yes, but given that it is undoubtedly the biggest exclusive for the system to date, those numbers are again somewhat disappointing.
In comparison, Gears of War 2, released in mid-November for the Xbox 360 and after all three of the mentioned titles, has already sold more than two million copies.

domain: news


text:
Uniq takes axe to 550 jobs
CHILLED foods group Uniq is to close two plants in the South West with the loss of up to 550 jobs. It is selling a sandwich factory in Devizes and transferring some German production to Poland.
Chief executive Bill Ronald spoke of a challenging year ahead with UK retailers but added that the job losses 'in net terms should be less than 500' after expansion at its newly acquired new plant at Minsterley, Shropshire.
Uniq should save £14m a year in 2006-07 as a result of the changes.
A strong performance in continental Europe pushed underlying profits on continuing business for the year to end-March up 46% to £39.5m but a £40.3m charge for disposals caused pre-tax losses of £15.6 million compared to profits of £16.7m a year ago.
The dividend rises 22% to 6.7p.
Most watched Money videos
- Jaguar Land Rover opens UK's biggest state-of-the-art design centre
- Top interior designer reveals tips to give your home a designer look
- Porsche unveils its first all-electric sports car
- Audi releases a trailer showing off the brand new A4
- Aston Martin reveals the engine roar of its first SUV
- Man carries disabled daughter down stairs in Tui holiday 'disaster'
- Bugatti Chiron hypercar breaks new record at 304.77mph in Top Gear
- H&H Classics auctions the classic 1983 Ferrari 308 GTB QV
- Lego and Land Rover teamed up for new Defender made of 2,573 bricks
- Are beaten up UK bank shares an opportunity to profit?
- How to invest in the new era of falling interest rates
- Introducing the new 'unstoppable' £40,000 Land Rover Defender


text:
#Gaming News: SlotsMillion adds 80 new slots to portfolio
Players on the world's first 3D VR casino now have access to suite of games from EGT Interactive
Malta - May 9, 2017 (Investorideas.com Newswire) ALEA.com, which operates the world's first 3D virtual reality online casino, SlotsMillion, has loaded its content portfolio with more than 80 new games from EGT Interactive.
The games have been integrated via the EGT Multigame Server, giving SlotsMillion players access to firm favourites such as 40 Super Hot, Amazon's Battle and Hot & Cash.
All the games feature EGT's exciting Jackpot Cards feature, which offers four levels of mystery pay-outs and bonus games that keep players engaged and coming back for more.
EGT has a formidable reputation for designing, developing and delivering some of the most successful land-based slots games to casinos all over the world, and has recently turned its attention to launching those games online.
The EGT Multigame Server is one of the most powerful and flexible in the market, offering reliable and transparent transaction logging, failsafe calculation of all bets and winnings, and synchronisation of all relevant game and transaction data with the game platform.
The supplier has built a solid business in Central and Eastern European markets, which will allow SlotsMillion to grow its presence in the region.
Alexandre Tomic, Alea co-founder, said: "We are thrilled to offer players on SlotsMillion popular land-based games online. EGT's slots are firm player favourites in Central and Eastern European markets, and will allow us to remain ahead of our rivals in the region."
Todor Zahariev, Director at EGT Interactive, said: "Launching our games on SlotsMillion is a major milestone for us. We have a large presence in Central and Eastern Europe which this partnership allows us to build on while also expanding into new markets across the region."
SlotsMillion launched back in 2014 as the world's first 3D virtual reality online casino, offering players the most immersive and engaging experience on the market.
For more information, please contact:
GameOn Marketing Ltd
Sarah Blackburn | Director | GameOn
ALEA is a multi-award winning leader in the field of online gaming, with more than ten years' experience in the industry and two offices in Barcelona and Malta. We are a multi-licensed gaming operator dedicated to developing the latest innovations to provide a remarkable experience for our players, our associates, our affiliates, and our employees.
GameOn Marketing Limited
GameOn International Limited
GamingIndustryStocks.com - investing ideas in gaming stocks, gambling and casino stocks, game publishers and developers stocks
Like Gaming Stocks? View our Gaming Stocks Directory
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.


text:
East End Hospice Box art auction returns for 20th year
After a year of absence, the popular art auction to benefit the East End Hospice returns on August 28 to celebrate its 20th anniversary of fundraising for the compassionate end-of-life care service thanks at auction and sale of unique pieces, artist boxes.
This year’s boxes will be showcased in a special two-day preview Wednesday through Thursday August 25-26 at Hoie Hall in St. Luke’s Church in East Hampton, where the auction will also take place on Saturday. A reception “meet the artists” is scheduled for Wednesday from 5 pm to 7 pm for those who wish to get to know the brilliant men and women who made the boxes.
Over 80 participating artists, including vaunted names such as Marilyn Church, Leif Hope, Carol Hunt, Dennis Leri, Christa Maiwald, Fulvio Massi, Betsy Petrowski, Daniel Pollera, Gabriele Raacke, David Slater, Hans Van de Bovenkamp, Dan Welden and Frank Wimberley, to name a few, have created unique treasures from predominantly wooden wine and cigar boxes in a variety of styles and media. Of the more than 80 artists this year, 10 have had boxes in each auction since the start. Others will be joining for the very first time, continuing a long tradition that began in 2000 and continues to raise significant funds for this deserving organization every year.
Former gallery owner and longtime curator and event president Arlene Bujese says this summer’s selection of boxes is an exciting unisex bag showcasing a wide range of aesthetic sensibilities. “The artists really responded beautifully and did some great work,” says Bujese, noting that the event is back and as fun as ever, although they keep the safety of the guests in mind. “Of course you have to be careful, there will be masking and that kind of thing,” she explains. “We have to stay with the program when it comes to protection. “
While East End Hospice (EEH) receives most of its major gifts at the organization’s annual summer gala, Bujese says the box art auction is nothing to sneeze at. “People always say it’s a favorite because it’s short and sweet and a lot of fun, and you come home with a beautiful piece of art,” she says, but the auction also pays EEH about $ 50,000 to $ 60,000 every year, and that’s certainly significant.
Because the 2020 auction was canceled, Bujese says a number of participating artists simply donated last year’s boxes to this year’s event. “The artists who had already made cards just hung on to them, and then, for the other artists who were still late, it gave them more time. “
One of this year’s Most Wanted Boxes, which should pull in a pretty prize, features a sculpture by the late East Hampton artist Bill King, who made frequent contributions to the event until his death in 2015 Anonymous gift from a private collection, La petite sculpture is instantly recognizable as one of those of King, a saxophonist whose lanky figure reflects and exaggerates the tall, slender physique of the artist. It is attached to a box with velcro, which makes it easily removable, should the buyer wish to display the piece as it was originally intended.
“It’s in honor of all those artists who have passed away in the last 20 years,” Bujese said of the sculpture, “because we lost Bill a few years ago and some artists this year, artists who had attended the event before, or were going to be this year, over 20 years, there are quite a few.
The King box is just a highlight in an area of many beautiful creations. “We have huge boxes this year, and the variety is definitely there,” says Bujese. “We have landscape to sculpture, painting on boxes, breaking boxes and making something out of, fiber, fabric, paper, found objects – the variety is tremendous, from so that when you walk, there is something for everyone, ”she continues. “If you like the more traditional, this is it. If you like people who really stretch, this is it, so that’s what makes it quite delicious. Some artists, you will recognize it as their signature… and others go a long way from what they normally do. Like a David Slater [box] looks like a David Slater painting, and there are a number of people like it. It’s a very wide range and I think that’s what makes it even more interesting.
Bujese, who picked up the event from David and Marianne Porter two years after its debut, says she couldn’t be more pleased with the way the auction has grown and matured, and has helped publicize the EEH over the past two decades. “For the past 18 years, this was my baby, but I absolutely loved every minute of it,” she says. “The artists, they are so generous. You realize that they are giving all of this work and doing it especially for this event, and I think that makes it very special. It is the generosity of the material, but also of the spirit.
This year’s annual Spirit of Community award will be presented to Donald Sussis on Saturday, for 20 years as a loyal and generous supporter of the boxed art auction and EHT.
Those interested in seeing the boxes, or perhaps planning a bidding strategy, can visit the preview anytime from 10 a.m. to 4 p.m. Wednesday and Thursday. Tickets for Saturday’s auction, from 4:30 p.m. to 7 p.m., cost $ 100 and include wine and hors d’oeuvres. All proceeds go to East End Hospice.
Visit eeh.org for more information, including photos of all participating boxes.


text:
The facility sits on just over 25 acres
Seakeeper, the yacht stabilizer manufacturer that began in a garage in the state of Maryland 20 years ago, has acquired a 249,504ft² facility 15 miles from its current headquarters to meet growing demand.
To continue reading, please see the IBI Plus subscription options below for accessing our Premium Content.
You must be a subscriber and signed-in to access this content.
to gain access to IBI Plus Premium content.
Alternatively, REGISTER to receive IBI Daily News & Breaking News alerts for free.


text:
Screen Producers Australia has thrown its support behind moves to reduce the licence fee for FTA TV broadcasters - so long as the savings are reinvested back into local content production – not driving up sports rights, the AFR writes.
Nine plans local shift:
Nine Entertainment Co. is planning to plough more money into developing local content as opposed to global deals, reports the AFR. Andrew Backwell, Nine's programming director told the AFR that it was shunning US dramas in favour of a more local flavour.
Triad tries on Australia
US retail media agency Triad is launching an Australian shop, with eBay as its founding client, according to the AFR. The agency offers digital media sales and content marketing services. Adm already works with a number of large retail clients in the UK, Netherlands and
Sky News' selfie journalism
Sky news has introduced a selfie-stick equivalent for its journalists in the hope that the hand-held recording device will help its one-person teams will be able to get closer to the action and report faster. Journalists can use the SmartGrip to connect their phone with an extremal microphone and transmit video to the Sky newsroom, The Australian reports.
The Australian reports that Lachlan Murdoch could likely be named co-executive chairman of News Corp later this year as part of the publisher’s succession plan.
Kerry Stokes has told The Australian that traditional media outlets should see opportunities not threats from emerging media. “I'm not saying that we don't have challenges, but I very strongly believe that the challenges are opportunities fort television,” he said.
Have something to say on this? Share your views in the comments section below. Or if you have a news story or tip-off, drop us a line at firstname.lastname@example.org


text:
Louisiana State University Libraries Plans to Triple Number of Ebooks It Offers Online
LSU Libraries’ electronic book collection will soon triple from 40,000 books to 120,000, eliminating part of the need for students to spend hundreds on books for class.
The financing of the new digital books comes from library budget and ends up costing close to a dollar a book when purchased in the thousands, [Outreach Service Librarian Mitch] Fontenot said.
Not only does using electronic book databases save students money, but it also better educates University students on how to find information necessary for class research, Fontenot said. Many students do not know the basic steps it takes to accurately search for information on the internet or even in research databases, he said.
Read the Full Text Article


text:
The economic impact of the COVID-19 virus will be both enormous and difficult to estimate. To begin with, the entire world is catapulting into recession as governments scramble to contain the pandemic and international trade and travel shrivel. For B.C., this means reduced foreign demand for the goods and services we sell abroad and lower prices for many of our exports.
At the same time, the government’s decision to shutter of much of the consumer-facing services economy – including most retail businesses — is unprecedented. International air travel has essentially halted, delivering a blow to B.C.’s tourism industry just weeks before business normally would be expected to surge. Global supply chains for manufactured and advanced technology products have also been disrupted, hurting many local companies.
Amid the chaos, the Business Council recently modelled how the COVID-19 crisis and the measures being taken to manage it may affect the province’s economy in the months ahead. In doing so, we looked back at B.C.’s experience during the 2009 recession to get some sense of how sharp drops in consumer spending, investment and exports could impact various industries.
Using a bottom-up, industry-by-industry analysis, our base case forecast is that the province’s economy will contract by around 7% in 2020. That is roughly two-and-a-half times greater than the economic decline recorded in 2009. Most of the fall-off in economic activity will be concentrated in the March to June period, but some negative consequences are likely to linger into the summer and fall.
In developing this estimate, we assumed that much of the private sector service economy will remain closed for at least eight weeks. When shuttered businesses re-open, some restrictions likely will continue to apply. Bars, restaurants and other retail outlets may have new social-distancing rules, for example. And international air travel won’t be returning to “normal” for many months, in part because health officials will want to minimize the risk that the virus could be re-introduced to the population by visitors from elsewhere.
Which B.C. industries will suffer most from the toxic combination of a world-wide recession and the aggressive domestic measures being taken to contain the coronavirus?
Hardest hit will be air transportation, accommodation, restaurants and pubs, entertainment and leisure venues, film and television production, and other parts of the retail sector that are no longer operating (such as department, clothing and book stores). B.C.’s important tourism sector stands to be hammered over the next few months. Plenty of pain will also be felt in home-building, real estate, manufacturing, and business and professional services.
The current situation is extraordinary, and governments across the country are acting to shore up the quickly unraveling economy. Most of these efforts involve supporting workers and families experiencing job and income losses. That makes sense. But the plight of businesses cannot be ignored. If tens of thousands of B.C. companies are rendered insolvent in the face of collapsing revenues, the hard reality is that many furloughed workers won’t have jobs to return to. In addition, widespread business failures may destroy some of the economy’s productive capacity, notably in critical export sectors– with lasting negative implications for our prosperity.
In the past month, the federal and B.C. governments have announced a flurry of initiatives to support business, including a temporary wage subsidy program, tax deferrals, a concessionary lending program for small businesses, and a one-year reduction in B.C.’s school property tax for commercial and industrial businesses. At the same time, the Bank of Canada and federal financial authorities are moving to ensure the ongoing flow of credit to the private sector.
These are all positive steps. But more will be needed if policy-makers want to prevent the disappearance of large numbers of enterprises and the jobs they sustain. Canada should be looking at the bold measures adopted in Germany, Australia and the U.K. to backstop their business sectors – including major exporters — during the COVID-19 episode. The goal should be to enable companies that were commercially viable before the onset of the crisis to “bridge” the next 2-3 months until the worst of the pandemic — hopefully — is behind us.
Jock Finlayson is executive vice president and chief policy officer of the Business Council of British Columbia
As published in Black Press.


text:
Several automotive industry companies are looking to expand their work teams, which is reflected in various hiring decisions at firms across the country. For example, The State reports that Michelin is bringing more jobs to South Carolina, as the company intends to increase its presence in the area.??
Michelin officials noted that they have seen rising demand for their products, which has helped fuel interest in growing the company. In fact, South Carolina Governor Nikki Haley said that the tire company will invest $200 million in its expansion efforts.??
Meanwhile, The Detroit News states that Michigan Governor Rick Snyder recently met with automotive industry professionals to convince them to bring more jobs to the state.??
“We’ve got enough good things going where people from other parts of the country and around the world should come to Michigan,” Snyder told the news source.??
Snyder noted that recent legislation makes setting up operations in Michigan more favorable for automotive industry employers. Additionally, he stated that research and development or engineering facilities could quickly impact the local economy, as these businesses may look to local automotive specialists to provide support for their operations.??
Content provided by executive search organization, MRINetwork.


text:
The government of Punjab, under the leadership of Shahbaz Sharif, has decided to impose more taxes on internet users in the province. This will include all sorts of internet – 2G, 3G, 4G, DSL or any other form of internet.
Although Dr. Aisha Ghaus Pasha, Finance Minister for Punjab, didn’t mention this in her budget speech in the Provincial Assembly yesterday, but we can confirm that all sorts of internet will be taxed in Punjab at a flat Sales Tax rate of 19.5%.
It is important to note that another 14% tax is already being deducted for internet services across Pakistan. This will take the entire taxes on internet to around 35 percent in the province – one-third of the total cost.
New taxes will be applicable from July 1st, 2017. With this, Pakistan has become one of the only few countries where internet is taxed. Good news for those students who use internet below Rs. 1,500 per month that they are exempted from this newly imposed sales tax.
Punjab houses over 50 percent population and over 56 percent of internet users of Pakistan. The low-priced internet played a vital role in adding 40 million new internet users in past three years. It is feared that this new tax will put caps on such exponential growth rates and will badly impact the country’s economy.
It is worth mentioning here that the same government had previously imposed the same tax back in 2014 but had withdrawn it after facing backlash.


text:
The three shortlisted companies for the Love Irish Food Brand Development Award 2017 in association with Exterion Media, has just been announced. The companies could win an €80,000 award.
East Coast Bakehouse, ProU and Margaret’s from Clonarn Clover all represent emerging brands that are produced here in Ireland for Irish tastes.
The lucky Love Irish Food member brand that wins will receive €70,000 in advertising space, scheduled across Exterion Media’s retail six sheet portfolio, PurchasePoints® and across their premium digital network.
The extensive out-of-home campaign will appear nationally for two weeks and includes print production and digital animation for broadcasting on Exterion Media’s digital network. Additionally, OwensDDB Advertising Agency will provide the winner with an €10,000 creative bursary towards the winning outdoor campaign.
Optimise Business Objectives
Love Irish Food and Exterion Media will work very closely with the winning brand to plan a campaign that will optimise their business objectives.
Kieran Rumley, Executive Director, Love Irish Food said: “At a time when Brexit has added much uncertainty to the market, the Love Irish Food Brand Development Award allows the winner the certainty of knowing that they have an advertising campaign for their brand in their plans for 2017/18.
"We at Love Irish Food are very proud of this award which helps promote and support an Irish manufactured food and drink brand. The award will provide smaller Irish brands with the opportunity to advertise to Irish consumers on a national level, giving them a huge opportunity to connect with their target audience and build their brand.”
Antoinette O’Callaghan, Marketing Manager, Exterion Media added: “The Brand Development Award is hugely important to us at Exterion Media. It’s a fantastic opportunity for a small Irish brand to step up their brand promotion efforts and leverage that opportunity to grow their consumer awareness.
"As judges, we will be looking for a brand that we believe demonstrates the drive, passion, belief and potential for strong growth.”
© 2017 - Checkout Magazine


text:
Getting into the Madison Avenue Advertising Walk of Fame is so easy, even a caveman can do it.
The Geico Caveman and the Serta Sheep advertising icons have been elected to the Walk of Fame in midtown Manhattan after online voting by the American public.
The U.S. Postal Service slogan “We Deliver For You” and the UPS tagline “What can Brown do for you?” also were inducted Monday, the first day of Advertising Week.
The Madison Avenue Advertising Walk of Fame was created by Advertising Week, a weeklong gathering of marketing professionals. Organizers have filled the Walk of Fame with bronze plaques and lamppost banners honoring such past inductees as Tony the Tiger, the Pillsbury Doughboy, the Geico Gecko, Colonel Sanders and “Where’s the Beef?”


text:
Nestle Personalized Nutrition Expands In Americas, Health Science Business Revenues Grow In Q1
Nestle expands its personalized nutrition offerings in the Americas with nesQino, featuring a digital app to make hot or cold beverages. It also reported consumer stockpiling boost its first-quarter Health Science sales. It continues to seek acquisitions, despite COVID-19 epidemic's drag on economic markets.
You may also be interested in...
Nestle Health Science acquires IM HealthScience, marketer of medical foods IBgard and FDgard as well as prebiotic and sleep aid supplements. The deal is second recent US consumer health addition for the firm after it said 2020 would be “‘more vigorous” year for acquisitions despite the COVID-19 pandemic.
Swiss confections, food and nutritional products giant launches Nestlé Cerevita Instant Sour Porridge as affordable nutrition for consumers in Southeast Africa. With micronutrients often lacking in consumers’ diets there, it was developed in about one year by scientists at Nestlé's R&D center in Côte d'Ivoire.
Nestle Health Science has majority stake in US firm that started offering a powder blend for beverages containing vitamin C, collagen, L glutamine, zinc, electrolytes and beta glucan earlier in 2020, when consumer interest spiked in boosting immunity health.


text:
The firm behind this press release gets props for making a fashion editor chuckle in her diet coke. This was in my inbox this week:
The U.S. military includes more than 1 million active duty personnel. But that number is dwarfed by America's at-home army of video console commandos, which now numbers in the millions, depending on the weather and what's on TV.
A online clothing company based in San Francisco is aiming to
outfit this massive fighting force. With this week's release of Couch Commandos, Betabrand has taken traditional military cargo pants and
tailored them to the needs of the most demanding Recliner Rambos.
According to Betabrand founder and CEO Chris Lindland, "Our country is
perpetually under attack by zombies, aliens and time-traveling Nazi killbots. Were it not for all the elite U.S. super-soldiers manning our nation’s
video-game consoles, surely by now the Capitol would lie in smoldering ruins,
and our loved ones would be gorging themselves on our unspooling
Couch Commandos are made of 100 percent French-twill cotton, so they’re light and incredibly comfy. But make no mistake: Betabrand tailored these trousers for intense virtual combat. They come equipped with six big pockets, including two oversized gusseted cargos that can accommodate several grenades or an emergency ration of Pop-Tarts. Other features include drawstring ankle cinches, clever stitching details, and a flat-felled inseam for extra sturdiness on missions to and from the microwave. The simulated-combat-ready trousers are available in Black-Ops Black and Olive Drab.
"While Couch Commandos are designed to meet the rigorous requirements of the U.S. Armchair Forces, we think they’re great for all leisurely summertime operations," Lindland says, "in addition to mowing down fire-breathing Commie cyborgs.


text:
WATT Global Media recently released the February edition of Egg Industry magazine featuring the latest rankings for the top egg producers in the U.S. These companies lead the egg industry according to the size of their layer flocks.
Egg Industry’s exclusive survey of Top Companies identified 68 egg producers in the U.S. with flocks that totaled 342.28 million hens housed as of December 31, 2019, up slightly from 337.88 in 2018. Find the digital edition of Egg Industry’s Top Companies magazine at www.eggindustry-digital.com.
Survey results reveal interesting insights from some of the largest egg companies in the United States. “Even with passage of legislation calling for cage-free hen housing passing in six states, US egg producers still predict that more than half of US hens will be in cages in 2025,” writes Terrence O’Keefe, Director of Content, in a February 2020 Egg Industry article about the landscape of layers in the U.S.
Data is available for purchase on the leading U.S. egg producers over a five-year timespan in a downloadable, easy-to-use spreadsheet.
Egg Industry’s 2020 Top Companies Survey
To compile this data, Egg Industry conducts a survey annually with results from a combination of company-submitted information and estimates from industry sources. The Top Company edition includes information not found elsewhere with additional details available in WATTAgNet’s Top Companies database.
This expansive database includes more than 1,000 poultry producers from around the world plus trends in egg and poultry production. Within the database, listings are offered globally and by geographic region with a comprehensive index.
Each listing includes a link to detailed profiles with information such as company headquarters, contact information, products, production volume, subsidiaries and company milestones. The database has search, sort and compare options. Free website registration is required to view data.


text:
While a potential strike or some form of work slowdown affecting west coast ports is likely to be short and manageable, longer term shipping diversion to other ports and broader economic repercussions could occur if the negotiation is prolonged, Fitch Ratings says. The contract between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) could expire at midnight on June 30. These ports handle approximately 20 million 20-foot equivalent units (TEUs) of cargo per year.
Fitch expects any potential strike to be relatively short, as other recent port strikes have ended when the U.S. President invoked the emergency provisions of the Taft-Hartley Act. During a 2002 impasse between the ILWU and PMA that resulted in a lockout affecting 29 West Coast ports, President Bush stepped in with an injunction after 10 days. While short-term shipments may suffer, a strike of that length is likely to have limited financial impact on ports as their volume-related volatility would be somewhat mitigated through their strong contracts with terminal operators and substantial liquidity reserves. According to Fitch's recently released peer review of U.S. Ports, the largest rated west coast ports (Los Angeles and Long Beach) have over 600 days cash on hand minimum annual guarantees accounting for more than 70 percent of operating revenues.
However, if operational disruptions, real or perceived, were to continue from weeks into months, some shippers may continue to use alternative ports even after the strike is over. Even now, many shippers are likely speeding up their current shipments to build inventories and planning diversions to ports in Canada such as Prince Rupert and Vancouver. It is estimated that the ILWU shutdown in 2002 caused similar disruption, with cost estimates to the overall economy in the billions. If shippers conclude that diversion is preferable to interruption, long-term shifts in cargo could eventually result, the financial effects of which would be more difficult to mitigate.
Additional information is available on www.fitchratings.com.
The above article originally appeared as a post on the Fitch Wire credit market commentary page. The original article, which may include hyperlinks to companies and current ratings, can be accessed at www.fitchratings.com. All opinions expressed are those of Fitch Ratings.
Applicable Criteria and Related Research:
Peer Review of U.S. Ports (Attribute Assessments, Metrics, and Ratings): http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=750407


text:
COLORADO SPRINGS – As thousands of visitors make their way to the Garden of the Gods every summer, traffic and parking are always two big concerns.
That’s why one new business is hoping they have the solution to that problem with scooters. Vintage Scooter Adventures started renting them out last summer and the trading post invited them to set up outside this year to give guests a new way to explore the park.
Workers say they get all sorts of reactions from them.
“Just like, oh my gosh, it’s not the beach and they have them here. We get a lot of people that are excited,” said Lee Smith with Vintage Scooter Adventures.
To rent the scooter, all you need is a driver’s license. The cost is $35 per hour.


text:
Lenovo K3 Note launched in India for Rs.9999
Lenovo has launched a new smart phone in the market i.e. Lenovo K3 Note. The phone finally launched on 25th June priced at Rs 9,999 and will be available online through Flipkart on 8th July.Lenovo has brought first 4G LTE supporting smart phone in the market. Lenovo K3 Note first launched in Chines market in March priced at CNY 899 (approx. Rs. 9,000) and CNY 999 (approx, Rs. 10,000) with Ceramic Piece Vibration Speaker in Yellow and White colour variant.
Lenovo K3 Note Features, Specifications:
The Lenovo K3 Note offers dual-SIM (GSM+GSM) support. K3 Note features a .5-inch full-HD (1080×1920 pixels) display with 401ppi pixel density offering users stunning colour consistency with wide-angel HD viewing perfect for watching movies, playing games and reading e-books. The smart phone runs on the latest Google Android 5.0 i.e.”Lollipop”. It is powered by a 64-bit 1.7GHz octa-core (MediaTek MT6752) processor coupled with a 2GB of RAM. The internal memory of the smart phone is of 16GB and can be expandable upto 32GB via a microSD card. It offers blazing multi-tasking facility.
The primary camera of K3 Note is of 13-megapixel with LED flash ,3264 x 2448 pixels, autofocus, with Geo-tagging, touch focus, face detection and the secondary camera is of 5-megapixel for video calling and Selfie. It supports 4GLTE, 3G, GPRS/ EDGE, Wi-Fi 802.11 b/g/n, GPS/ A-GPS, Micro-USB, Dolby Atmos and Bluetooth. The dimension of the phone is 152.6x 76×7.99mm and weights 150 gm.
Lenovo K3 Note Company Comment:
Commenting on the launch, Sudhin Mathur – Director, smartphones, Lenovo India said “We are truly overwhelmed with the positive response from consumers for our 4G portfolio. To further enhance our consumer’s experience we are launching a device with great multitasking capabilities and unrivaled features at an affordable price. The K3 Note is certainly a disruptive offering with its future-proof features, superior multi-media experience and extraordinary performance”.
On the launch, Amitesh Jha, VP- Flipkart, said “We are thrilled to announce the exclusive launch of one of the most awaited smartphones from Lenovo – K3 Note. Packed with new-age technology and unique features, the Lenovo K3 Note brings in the value disruption that our consumers have been asking us for a long time. We are confident that this is going to be one of the bestselling phones in the country”.
Lenovo K3 Note Battery, Price:
The large-screen Lenovo K3 Note packs a 3000mAh battery and it offers quick charging feature as well. The price of Lenovo K3 Note in India is Rs.9999.


text:
US stocks were mostly lower, declining for the third consecutive trading session as traders assessed the impact of weaker than expected orders for durable goods in February and the merger between Kraft and Heinz.
The S&P 500 Index inched 2 points or 0.2% lower 2088.34 with six of its ten major sectors trading in the red in morning trading
The Dow Jones Industrial Average declined 58 points or 0.3% to 17,955 as of 10.00 a.m. Eastern time. The Nasdaq Composite slid 23 points 0.6% to 4971. This is the technology-heavy Nasdaq’s third straight loss-the longest since January.
“We’re bouncing around, and that has more to do with sector rotation and asset allocation going into quarter-end than with any one number,” Michael Block, chief equity strategist at Rhino Trading Partners LLC in New York, told Bloomberg in a phone interview.
“There’s a lot of macro panic and confusion out there, and that’s not the kind of landscape the Fed wants to start being hawkish with.”
The weakness was attributed to a report by the US Commerce Department earlier in the day that said that orders for durable goods slipped 1.4% in February. Analysts polled by the Wall Street Journal had forecast a 2% gain.
Other details in the report were equally downcast with reports that orders for durable goods in January were weaker than initially reported.
“Durable goods orders aren’t always market-moving data, but the report was attracting attention in light of the lack of other news,” J.T. Cacciabaudo, head of equity trading at Sterne Agee, told the Wall Street Journal.
“The fact that durable goods fell, and was significantly below the forecast, is a big deal only because there’s nothing else to look at,” he said.
In corporate news, Kraft Foods shot 32% before the bell after announcing a merger agreement with ketchup giant H,J Heinz Co which is co-owned by Warren Buffet’s Berkshire Hathaway Inc and 3G Capital.
To contact the reporter of the story: Jonathan Millet at firstname.lastname@example.org


text:
Companies now have the chance to showcase their talent to Empower, Expand, and Earn with the help of
Online PR News – 26-April-2014 – London, CA – SALEM, Oregon (April 18, 2014) - Companies now have the chance to showcase their talent to Empower, Expand, and Earn with the help of - press release writers!
Individuals who are searching for a press release distribution service would surely find it interesting to avail of this package designed to boost up their business by reaching millions of potential customers. With this service, it is easy to expect hundreds of thousands of potential new visitors to a business website.
By availing of a press release writing service, there is no need to attempt writing press releases and ending up dissatisfied with the outcome. After all, writing is not for everyone. Also, time can be a considering factor in the overall process of advertising and marketing. According to Patrick Roy, Manager of the company, "With this writing service, empowerment is achieved through visibility. In turn it promises an expansion of the customer base, thus earning more revenue for the company."
Violet Reynolds, manager of an online shoe boutique added, "The press release writer who helped me was very knowledgeable in what she was doing. I gave her the input of what I wanted, and she did the rest. Now, my site doubled sales in just a month after I tried the service."
The website promises nothing but pure professional services that can be trusted. There are many options and packages available for a company. By selecting the best service fit for a company, there is a guarantee that the targeted niche will cause more traffic, thus creating a much bigger impact on the virtual world. No doubt, this service is one helpful tool for a business to thrive in the midst of this highly competitive world.
Pamela Huggins, Oregon


text:
BlackBerry Considering Launching a New Device Running Android: Reuters
Citing anonymous sources, Reuters reports that BlackBerry is considering launching a new device running Android. What has been an open secret (you just needed to have a look the recent OS market share reports) is now official: If the Canadian smartphone manufacturer launches an Android device, it would be equivalent to admitting defeat, and a step toward the end of BlackBerry as an operating system.
What was once a competitor now seems to be BlackBerry’s “best friend” in the company’s effort to shift focus from smartphone manufacturing to software and device management. Fact is, we’ve heard plenty of times from BlackBerry CEO Jack Chen that this is where the company excels, and the recent quarterly earnings corroborate that: Blackberry posted a surprise quarterly profit in March, making it obvious that the company’s financial viability is no longer in question.
Two sources speaking with Reuters have said that a BlackBerry device running Android could send a strong message to the market that the Canadian company is confident that its BES12 device management system is able to do much more than that: It can secure smartphones and tablets powered by rival operating systems.
BlackBerry will probably use Android on an upcoming slider device that is likely to be released this autumn, two sources said. The slider will combine a touch screen with a physical keyboard that users can use if they prefer.
As the company seeks to end the revenue slide, it has cut into its hardware headcount: At its peak, Blackberry employed 17,500 people, but that number has now dropped to 6,225 and it continue to do so. So, maybe it’s time for concept videos of iOS running on a BlackBerry as a future request?


text:
July 29, 2008
China's Sichuan New Hope Agribusiness has acquired an Inner Mongolia dairy firm for a reported RMB 100 million (US$14.6 million).
The purchase of a 51 percent stake in Inner Mongolia Feichangniu Dairy Co will help New Hope to expand into northern China, according to Li Jiahong, spokesman for the company's parent firm, New Hope Group.
Li said China's dairy industry is undergoing a new wave of consolidation and a company has to be big or it will be eliminated from the market.
Last month, China implemented new rules to restrict investment in the domestic dairy sector so as to weed out smaller players and encourage consolidation.
New Hope, which also owns feed and meat processing businesses, had dairy sales of RMB 1.1 billion (US$161 million) last year, with sales volume at 230,500 tonnes.
Li said the company is still very small in the dairy industry but will expand rapidly once they have established footholds nationwide.
Li added that New Hope had so far made 12 acquisitions in the dairy industry.


text:
Birmingham Real-Time News
AAHS, the first school of its kind in the state of Alabama, will open doors at its temporary Bessemer location on Second Avenue North. Groundbreaking on its permanent location, a $20 million building located near the Bessemer Airport, is scheduled for September
In a Google search for “crime rate in Birmingham” several websites appear that leave an overall negative impression of the city’s safety.
The American Postal Workers Union held its 26th convention in National Harbor, Md.
The show will have its last telecast on Sunday.
Fan favorites include the One Night Stand, a burger loaded with vegan bacon, vegan cheese, caramelized onions, lettuce, tomato and the restaurant’s signature Slut Sauce.
Hewas the younger brother of Buffalo Bills tight end Dawson Knox.
Requests would create a deficit with more than $250K budget.
The payments were made in years when Trump made appearances at WWE events.
Up to 5 inches of rain causing flooding across the area.
Launchpad is partnering with the Alabama Power Foundation.
They'd give up booze, too.
List of participating stores includes some well outside Birmingham area


text:
According to the recent 8-hour long speech by Kevin McCarthy, “Americans just have to spend $28 before the I.R.S. knocks on their door”. But is this the truth? Well, today, we’re going to get this fact check. So, continue reading if you’re also intrigued by the latest tax reforms.
Here’s What’s Going On
Despite rising inflation, the White House is experiencing turbulence over fears that President Joe Biden’s Build Back Better safety net bill could push it higher. This is the highest inflation rate in three decades.
The House is about to vote on the bill. In its current form, which may be altered in the Senate even if it passes the House, the bill aims to spend 1.75 trillion over ten years on things like clean energy, child care subsidies, extended child tax credits, paid leave, and hearing aids for seniors. Part of the costs would be covered by additional taxes primarily aimed at wealthy taxpayers and via government-negotiated drug prices.
Fact Check: Will Build Back Better Bill bring you under IRS’s radar if you spend more than $28?
In a letter signed by 17 Nobel laureates in economics, the White House argues that the bill will reduce inflation.
During the Nov. 15 press briefing, White House press secretary Jen Psaki went a step further by answering the question, “Why shouldn’t Americans be concerned that injecting $1.75 trillion or more would further raise inflation?”
According to her, no economist projects that it will cause inflation to spike. Instead, it will actually help increase economic productivity, which will lead to increased economic growth. That, along with the Build Back Better Agenda, will help reduce inflation, which in turn will reduce costs for the American people long-term.
But are her claims really valid?
Are there really no economists who believe this bill will boost inflation? Unfortunately, no.
A number of economists have written on the record that they are concerned about the bill’s inflationary impact. Many economists, however, expect modest inflationary pressure, at least at first.
Skeptics of the White House’s argument, such as the Washington Post Fact Checker, say the White House neglects to mention that the economists it cited were focused on inflation rather than Earnings. This measure’s ability to curb inflation in the medium to long term, not just in the short term when inflation is already excessive.
However, for this article, the White House did not respond to inquiries.
Fact Check: The Economist’s Perspective
As an economist, I’m afraid I have to disagree,” says Douglas Holtz-Eakin, president of the center-right American Action Forum.
“We know there is a lot of spending in the bill and that it is front-loaded into the earlier years,” he said. By cutting taxes and increasing spending, financed by debt, inflation will rise.”
The same view has been expressed by other economists
Bank of America’s global economics head, Ethan Harris: “I think you’ll end up with mainly a deficit-financed spending bill that will be rolled out while the economy is near full employment. It will heat up the labor market further and put pressure on prices.”
Mr. Feroli, chief U.S. economist at JPMorgan Chase: “Right now, anything that expands aggregate demand is not warranted, not advisable. The economy seems to be operating fairly close to its capacity limits.”
The inflationary effects, said some economists, will be modest and manageable, but they will still occur.
Noah Smith, an opinion columnist for Bloomberg and assistant professor of finance at Stony Brook University, wrote, “I expect Biden’s bills to push inflation upward, not downward.”
According to Jason Furman, who headed the Council of Economic Advisers under President Barack Obama. Says that “it’s less likely that it will prevent a huge cut in spending that would have happened in 2022.”
Fact Check: Does the bill really Oversimplify the discussion of payments?
Nevertheless, Furman writes that the bill would “have only a minuscule impact on inflation in the medium and long term.”
Bill Clinton’s former Treasury secretary, Larry Summers, was more concerned about inflation than other Democrats earlier this year, so he recently wrote that the bill would have a “negligible” impact on inflation.
“I do believe that inflation will be a threat since we are already in a bad situation,” said Marc Goldwein, senior vice president of the Committee for a Responsible Federal Budget. This could be the last-log-on-the-fire syndrome. However, I think the inflationary impact is pretty small, and that is the consensus.
Taking a closer look at the bill’s inflationary and anti-inflationary features, how would the Build Back Better bill create inflation? Basic economics.
How will the bill impact inflation?
According to John Leahy, a professor of macroeconomics and public policy at the University of Michigan, inflation results from too much demand and insufficient supply. Any standard economic textbook easily refutes the argument that the bill will lead to inflation.
A rise in government spending would increase demand, which would increase inflation. It will still happen even if all of the spending are financed by taxes since government spending increases demand one for one, and taxes reduce demand only to the extent that firms or consumers reduce their spending, which is typically less than one.”
Among the bill’s inflationary elements are the extension of the child tax credit and increasing the limits on state and local taxes in 2017. Goldwein said that members of unions and child care providers would have a raise in wages as part of the bill.
The tax hikes that could theoretically temper inflation are primarily targeted at the wealthiest taxpayers. Since tax increases do not dampen spending by wealthy households much, this would tend to weaken the anti-inflationary impact.
Despite this, the bill has some provisions that might counter inflation, such as investments in infrastructure, which would align supply with demand, and child care subsidies, which could motivate people to return to work and, in turn, increase the supply of goods and services.
It is also important to consider the timing. “Some have argued that the effects on demand will be minimal since spending and taxes will occur over a long period of time,” Leahy said.
The bill isn’t massive in the context of the U.S. economy. Especially when you compare it with the recent Coronavirus relief packages, they were both large requiring quick implementation.
As calculated by Leahy, the bill will boost demand by $660 billion over 10 years, a period when the overall gross domestic product will be about $200 trillion. According to the calculation, the increase in demand amounts to one-third of a percent of GDP. It seems insignificant.
Position of the Federal Reserve
In the end, the Federal Reserve’s actions will ultimately determine the level of inflation caused by the bill. According to Goldwein, one of the Fed’s core responsibilities is keeping inflation within a reasonable range, usually around 2%/year. And “over the medium to long term, there’s a strong consensus that the Fed will step-in to prevent higher inflation.”
Since the bill is not in its final form, its impact on inflation may change. Moreover, although economists base their projections on textbook economics. There’s always the possibility that households could react unexpectedly to the bill’s economic incentives.
Despite what Psaki said. That no economist projects (the Build Back Better bill) will negatively affect inflation.”
It’s wrong to claim that no economist predicts inflation as a result of the bill’s passage. If the bill passes, many economists, including some allies of the White House, expect inflation. At least in the short run.
Most analysts agree, however, that the bill would have a modest and brief impact on inflation.
So, in place of the proven facts, we believe Psaki’s statement to be false.


text:
Regardless of implementing a serious cryptocurrency ban one 12 months in the past, the Chinese language authorities nonetheless protects native crypto traders as crypto is acknowledged as digital property protected by the legislation.
One of many world’s most hostile nations towards Bitcoin (BTC), China has not but banned the possession of cryptocurrencies, in accordance with David Lesperance, founding father of Lesperance & Associates legislation agency.
Crypto holders in China are protected by the legislation in case of theft, misappropriation or breach of a mortgage settlement, Lesperance informed Cointelegraph. He emphasised that crypto exchanges are nonetheless banned in China.
The lawyer referred to a current Chinese language court docket case involving a breach of a mortgage made within the Litecoin (LTC) cryptocurrency. Defendant Ding Hao failed to completely pay again all 50,000 LTC that he borrowed from Zhai Wenjie in 2015, which turned a serious court docket precedent involving cryptocurrency in China.
Since 2015, the worth of Litecoin has jumped roughly 1,800%, because the cryptocurrency was buying and selling at round $3 seven years in the past, in accordance with knowledge from CoinGecko.
On Aug. 31, the Beijing No. 1 Intermediate Court docket dominated that the defendant owed Zhai the remaining quantity of Litecoin, rejecting Ding’s argument that the Folks’s Financial institution of China (PBoC) formally banned crypto transactions final 12 months.
“The court docket has upheld that cryptocurrencies like Litecoin are ‘property’ although they’re created within the digital realm,” Lesperance mentioned. He emphasised that the crypto group “shouldn’t draw any explicit constructive inferences” from the case because it was a “very atypical” business mortgage dispute that was settled underneath regular property legislation guidelines, stating:
“Up to now, possession of crypto in China has not been banned. […] It doesn’t make the business buying and selling of any such property authorized, as the federal government has particularly banned crypto exchanges in China.”
Whereas Lesperance says that crypto exchanges are banned in China, some native crypto fanatics are assured that the PBoC has by no means explicitly banned people from buying and selling cryptocurrencies.
“It’s true that China would not need people to commerce crypto. However that is by no means being written in any formal doc,” an individual linked to the crypto business in China informed Cointelegraph.
Associated: Chinese language mining large Canaan doubles income regardless of the blanket crypto ban
In accordance with the supply, many mainland customers see their financial institution playing cards frozen in the event that they use them for crypto over-the-counter (OTC) transactions. Nonetheless, trusted OTC channels nonetheless permit crypto transactions in China.
“So although buying and selling crypto isn’t unlawful, we do not need to waste our time arguing with banks as a result of clearly, they suppose all the things about crypto is illegitimate,” the particular person mentioned.
The most recent information brings yet one more piece of proof that crypto has not been completely suppressed in China because the authorities introduced a coordinated crackdown on crypto in September 2021. As beforehand reported, China returned its place because the second-largest Bitcoin hash fee supplier as of January 2022.


text:
NEW YORK — A recent study conducted by New York University researchers found that the majority of food and beverage products promoted through television and online sponsorships of major sports events in the U.S. are unhealthy. The researchers also theorized this could be contributing to the obesity epidemic sweeping the U.S.
The NYU team analyzed the Nielsen ratings of televised sports events among children between the ages of two and 17 in 2015. They examined the sponsorship agreements between food and beverage manufacturers and the top ten sports leagues with the most youth viewers, which include the National Football League, the National Hockey League, Major League Baseball, the National Basketball Association, and Little League Baseball. The NFL had ten food food and beverage sponsors, the most. Perhaps most disturbingly, Little League Baseball had six sponsorships, third most of the group.
Among the sponsorships, more than 75 percent of the and beverages being promoted were rated “unhealthy” by the Nutrient Profile Model (NPM). The NPM measures nutritious value in foods in the United Kingdom and Australia, scoring products on a scale of 0-100. A score of “64” or higher indicates the food is considered “nutritious.” The U.S does not have a comparable set of guidelines.
“The U.S. is in the throes of a child and adolescent obesity epidemic, and these findings suggest that sports organizations and many of their sponsors are contributing, directly and indirectly, to it,” says lead investigator Dr. Marie Bragg, assistant professor of Population Health at the NYU School of Medicine, in a press release. “Sports organizations need to develop more health-conscious marketing strategies that are aligned with recommendations from national medical associations.”
According to the data, more than 412 million children in watched events in 2015 for at least one of the ten organizations. The researchers calculated more than 230 sponsors who ran ads during the 500 most-watched programs, with food or non-alcoholic beverages accounting for nearly 19% of all commercials. Using the NPM scale, about 76% of the products failed to score the “nutritious” value of 64.
“Unhealthy food and beverage promotion through organized sports is pervasive,” says Bragg. “These organizations must put forth a better effort to protect their youngest and most impressionable fans.”
The full study was published in the April 2018 edition of the journal Pediatrics.


text:
14 Brands of Bottled Water Recalled over Fears of E. Coli Contamination
Fourteen brands of bottled water are being recalled due to potential E. coli contamination.
On Monday, Niagara Bottling company issued a voluntary recall of spring water produced at two of its Pennsylvania plants due to concerns that one of its sources is contaminated with E. coli, a company statement said.
The company said it was notified by a spring source that the presence of E. coli had been detected, which means the water may have been contaminated by human or animal waste.
Most types of E. coli are harmless and exist naturally in human intestines, according to the Centers for Disease Control and Prevention. However, some strains cause diseases that can be deadly if ingested. Symptoms include diarrhea, cramps, nausea and headaches.
Niagara Bottling LLC said that there have been no signs of contamination of spring water delivered to its bottling facility, nor any reports of illness.
The recall only affects spring water produced in the company’s Hamburg and Allentown, Pennsylvania, facilities from June 10 through 18.
Bottled water brands affected by the recall include Acadia, Acme, Big Y, Best Yet, 7-Eleven, Niagara, Nature’s Place, Pricerite, Superchill, Morning Fresh, Shaws, Shoprite, Western Beef Blue and Wegman’s.
Instructions on how to identify bottled water affected by the recall can be found here.


text:
Los Angeles – A store called “Dumb Starbucks,” with no affiliation with the actual Starbucks chain, has reportedly opened in Los Angeles. According to the Wall Street Journal, the store opened, offering free coffee, on Saturday, Feb. 8.
The storefront looks similar to the storefront of an actual Starbucks and has a similar-looking mermaid logo with the words “Dumb Starbucks Coffee,” and the lettering “Dumb Starbucks Coffee” is also displayed over the front entrance. The products all reportedly have the same name as Starbucks offerings with the word “dumb” in front.
Ownership of the store, which on Saturday had two employees who did not give details of their employment, is unclear. However, customers were given a handout stating that for legal reasons the store is considered a work of parody art and the coffee being served is art. The handout also stated the store is not an attempt to call Starbucks dumb and that the owners view Starbucks as “role models.”
A Starbucks spokesperson told the Wall Street Journal that the company is investigating the matter.


text:
Typically when a deep-pocketed rival enters a space previously dominated by a smaller player it spells trouble. But in the soft drink game there may be reason to believe that Coca-Cola's deal for brew-at-home soda with Keurig-maker Green Mountain Coffee is actually good news for SodaStream International.
Wednesday's news that Coke was buying a 10% stake in Green Mountain and would partner on its forthcoming Keurig Cold system immediately scorched short-sellers of the latter's stock, which jumped 30%, but it also slammed shares of Israel-based SodaStream, which previously had the at-home soda machine segment largely to itself.
That slide – SodaStream plunged as much as 10% after-hours Wednesday – was brief though, and short-selling may explain part of the story.
According to data from Markit, short sellers have been taking profits in SodaStream of late, ever since the company announced in January that fourth-quarter results would be weaker than its own expectations. Wednesday's news would seem to be a reason to bet against the company once again, but Markit research analyst Simon Colvin notes that the Coke deal with Green Mountain endorses the business model and could prompt takeover or partnership interest in SodaStream from rival PepsiCo (a deal that has been rumored in the past).
"This deal validates the home carbonation category," Citi analyst Wendy Nicholson writes in a research note. "We hope SodaStream hurries up and signs an agreement with PepsiCo (or Dr Pepper Snapple, or crazier yet, Nestle/Nespresso) so that they too can offer premium/popular branded flavors."
By Nicholson's estimate, SodaStream has another 12 months or so to "figure out how to leverage its first-mover advantage," and whether it will need to bolster defenses in Europe, where Green Mountain's minimal presence could get a boost from the Coke partnership.
Shares of SodaStream were actually up 10.7% Thursday afternoon at $39.61
Markit notes that SodaStream remains heavily shorted, with 20% of shares outstanding currently being borrowed, which could be a recipe for the type of squeeze that is burning Green Mountain shorts Thursday.
Green Mountain shares surged as high as $110.50 after closing at $80.88 Wednesday, hitting investors like Greenlight Capital's David Einhorn, a vocal critic of the company's accounting and business model.
While Einhorn's exact short position is not known – and Markit reports Green Mountain short interest had declined from 22% to about 15% in the run-up to earnings – CNBC's Lawrence Delevingne reports the hedge fund manager told investors as recently as late January that he was still betting against the company.
Since Green Mountain's deal with Coke is on a product that won't even launch until next year there are still critics who point to the lackluster string of results recently from the company's core coffee business, including recent revenues that failed to live up to expectations.
Thursday's market action made clear that, at least for now, the 10-year deal with Coke deal trumps all when it comes to trading Green Mountain. Yet another example of the outsized risk and reward taken on by short sellers.


text:
Ocado sues Carillion for £1.2m over cracks at its main warehouse
Grocery delivery service Ocado has issued a writ suing builder Carillion for £1.2 million over cracks at its main warehouse.
The concrete floor slab at the Hatfield, Hertfordshire, site has 168 delivery bays for vans and the cracks have become worse since the firm moved in during 2002.
This week Ocado will be keen to seal cracks that critics say have appeared in its business model and have contributed to its share price halving since July.
Ocado supermarket delivery van driver
Full-year results come out on Tuesday and the City hopes for better news about performance issues.
Financial Mail revealed service problems last June, forcing it to admit to ‘growing pains’.
Ocado issued a profits warning in December and last week its finance boss said he was leaving for recruitment firm Michael Page amid speculation that he had been in talks for some time.
Most watched Money videos
- World's first 3D printed hypercar that has a top speed of 268MPH
- How to invest for high income and avoid dividend traps
- Smartphone-only bank Monzo celebrates 'big year' in 2019
- Hyundai reveals smart 'minimalist' electric vehicle concept
- Bentley reveals its priciest car ever - and it's already sold out
- The new Aston Martin V12 Speedster styled after a fighter jet
- Halfords promo shows new fingerprint activated steering lock works
- UK to get its first electric car charging forecourt this year
- What does coronavirus mean for your investments?
- When will stock markets stop falling due to coronavirus?
- Couple buy castle after being inspired by Escape to the Chateau
- Explore the key features of the brand new £20 polymer bank note


text:
"These were blood samples that are taken from COVID-19 patients during routine treatment," Garg said. He added that there is no evidence that monkeys (or any animal) can catch the coronavirus through contact with blood from infected people, the New York Times reported. Instead, the coronavirus is primarily spread through contaminated respiratory droplets and possibly through aerosols containing viral particles, Live Science previously reported. … [Read more...] about Monkey steals COVID-19 blood samples from a lab technician in India
Ultimately though, is all this brouhaha over India's contact tracing app more noise than substance since it ended up being open source and optional? Maybe. But consider these facts. Narendra Modi was Chief Minister of the state of Gujarat when over 2,100 Muslims were slaughtered in an orchestrated pogrom. For someone like Modi who has tight control over practically every organ of his administration, it would have been laughably impossible for him -- and his police force -- to not be aware of the bloodletting that took place over a span of many days all across the state. … [Read more...] about India’s contact tracing app made open source, but will this thwart a surveillance state?
OnePlus 7T Pro Summary performance Snapdragon 855 Plus storage 256 GB camera 48MP + 16MP + 8MP battery 4085 mAh display 6.67" (16.94 cm) ram 8 GB See Full Specifications Variants OnePlus 7T Pro OnePlus 7T Pro McLaren Edition … [Read more...] about OnePlus 7T and OnePlus 7T Pro start receiving OxygenOS 10.3.3 update in India
Kaspersky Lab would like to apologize for the inconvenience caused by an outdated certificate in Kaspersky Internet Security for Mac installer. On February 22, some Kaspersky Lab users encountered problems with the installation process: the certificate in Kaspersky Internet Security for Mac, with which the operating system validates the installation of the software, expired on February 22. This issue was reviewed and fixed on February 23. During this 24-hour period, in order not leave our users unprotected, Kaspersky Lab technical support helped users to turn their system clocks back as a temporary solution. We would like to assure all our customers that actions have been taken to prevent such incidents from occurring in the future. … [Read more...] about Dear Kaspersky Lab: Yours is a very bad installer [Updated]
If the lockdown continues beyond June, tech spending in India may contract by up to 4.8 per cent this year, with only a mild recovery to 1.4 per cent growth in 2021, a new report said on Friday. The sudden sharp contraction and slow recovery will entail contraction across all tech spending categories in 2020 and make even slow growth in 2021 arduous, according to the report by global market research firm Forrester. "A real risk of tech spending contraction looms large. An inability to contain the outbreak in a timely manner will cause serious damage to economic activity in India due to reduced consumer spending and labor productivity," said Ashutosh Sharma, VP and Research Director, Forrester. In an optimistic scenario, where India comprehensively rescinds its lockdown in June and resumes full-tilt economic activity by July, businesses and governments in India will spend a bit more (1.2 per cent) on technology in 2020 than 2019. The lower growth, however, will affect all spending … [Read more...] about Tech spend in India to shrink by 4.8% if lockdown extends beyond June: Report


text:
Poliziano’s decades-long formula for Tuscan success
Posted: May 21, 2018 1:50pm ET
From his perch outside Montepulciano, Federico Carletti has ridden the rollercoaster of Tuscan wine over nearly four decades, building his family’s Poliziano into a noted producer of outstanding wines—most notably Le Stanze and Vino Nobile di Montepulciano Asinone—that contrast the international style and the renewed focus on Sangiovese.
How winemakers in Montepulciano are demanding respect
Posted: May 7, 2018 3:00pm ET
Vino Nobile di Montepulciano—a storied Sangiovese-based red from Tuscany that has fallen on challenging times—is getting a face lift. In May 2018, the appellation's wine consortium is expected to approve new labeling guidelines that will allow producers to headline the word "Nobile" in large type. How will this cosmetic change help? Wine Spectator contributing editor Robert Camuto gets answers from one of the idea's initiators, Max de Zarobe of Avignonesi.


text:
SearchCap: Top Google searches, more data in Search Console & Google Assistant expands
Below is what happened in search today, as reported on Search Engine Land and from other places across the web.
From Search Engine Land:
- Hurricane Irma was the No. 1 top trending Google search in the US & globally for 2017
Dec 13, 2017 by Amy Gesenhues
Google has released its top trending searches of the year, covering everything from the most searched people and news to celebrity break-ups.
- Google bringing the Assistant to tablets and Lollipop Android phones
Dec 13, 2017 by Greg Sterling
The move comes against the backdrop of accelerating virtual assistant usage and intensifying competition.
- Google Search Console beta adds 12+ months of data to performance reports
Dec 13, 2017 by Barry Schwartz
After a few years of promises, Google is finally providing longer-term data in Google Search Console — well, the beta version of Search Console.
- Visualizing your site structure in advance of a major change
Dec 13, 2017 by Dave Davies
Making big changes to your website structure? Columnist Dave Davies shares a data visualization method that can help you predict what effect your proposed site structure changes will have on SEO performance.
- The vicious cycle of ROAS targets is killing your business
Dec 13, 2017 by Andreas Reiffen
While many companies focus on return on ad spend (ROAS) as their primary KPI for search, columnist Andreas Reiffen believes that ROAS targets can often inhibit growth and new customer acquisition.
- How on-site search can drive holiday revenue & help e-commerce sites compete against major retailers
Dec 13, 2017 by Amy Gesenhues Backlink
Learn How we created this post on complete Autopilot, then posted it to our social Media Accounts Automatically:-


text:
5 Early Radar Stocks: Netflix Falls Again, HP and Campbell Soup Down 2%, and Medtronic Pops 4%
Shares of Netflix (NASDAQ:NFLX) are sinking nearly 7% in early trading. The company announced it is selling $400 million of stock and debt. The decision led to two firms issuing sell ratings on the company.
Don’t Miss: Netflix Financing: Performance is Deteriorating.
After releasing earnings late Monday, shares of Hewlett Packard (NYSE:HPQ) are down almost 2% early Tuesday. Net income for the diversified computer systems company fell to $239 million (12 cents per share), compared to $2.54 billion ($1.10 per share) a year earlier. The company reported adjusted net income of $1.17 per share. By that measure, the company beat the mean estimate of $1.13 per share. The earnings is affecting trading in Microsoft (NASDAQ:MSFT) and Dell (NASDAQ:DELL).
Campbell Soup (NYSE:CPB) is down 2% after announcing a decrease in net income. Net income for the processed and packaged goods company fell to $265 million (82 cents per share), compared to $279 million (82 cents per share) a year earlier. This is a decline of 5% from the year earlier quarter.
LDK Solar Co. Ltd. (NYSE:LDK) is falling 4.5% after falling short of estimates. The company reported a loss of $114.5 million (87 cents per diluted share). The company reported profit of $93.4 million (72 cents per diluted share) in the same quarter a year earlier. Revenue also fell by 30% to $471.9 million.
Medtronic Inc (NYSE:MDT) popped nearly 4% before the opening bell. The company’s net income jumped 54% in its fiscal second quarter. CEO Omar Ishrak said, “A majority of our business, and nearly all of our geographies, contributed to this growth.” Revenue also increased 6% to $4.13 billion.


text:
Amazon is bringing its "just walk out" retail concept to a grocery store. How'd you like them apples?
Amazon has unveiled its latest physical retail concept -- a cashier-free Amazon Go store that sells fresh groceries.
The Amazon Go Grocery store, which opens in downtown Seattle on Tuesday, allows shoppers to buy groceries without running items through a checkout or even swiping a card.
This "just walk out" technology, as Amazon has dubbed it, first appeared in 2016 with the launch of Amazon Go -- a cashierless convenience store selling fast-moving items like snacks, drinks and ready-made meals. Amazon has rolled out 25 of these Go stores in metro locations across the US, but now the retailer wants to bring the concept closer to the 'burbs. That means new products like fresh produce, bread and baked goods, meat and liquor -- the kinds of things you'd buy in your weekly grocery shop.
The basic technology behind Amazon Go hasn't changed with the launch of the grocery concept. Cameras in the ceiling work with sensors underneath shelves to track shoppers as they walk through the store, detecting when items are taken off shelves. Once an item is removed, it goes into a virtual cart and shoppers can walk out without going through a traditional check out -- the bill is paid via credit card through the Go app.
But while the concept is similar, things have changed with the addition of fresh produce. Amazon says it had to update the machine learning driving its system to account for things like multiple customers grabbing different fresh food items, or fridge doors fogging up after being left open.
We took a look around the Seattle store ahead of the opening and, by and large, it feels like a suburban grocery store, with a mix of prepackaged goods and fresh items -- all spread across 7,700 square feet.
The produce is sold in packages or by the item (like avocados at $1.19 each) so there's no weighing to confuse the process. But after walking out, the system had worked out that I'd taken just one tomato (not the three or four I picked up while I was checking for freshness) alongside a handful of other groceries.
There's no word on whether this concept will come to other cities -- Amazon's reps were tight-lipped about rollout plans during our brief store visit. According to Bloomberg reports ahead of the 2018 launch of Amazon Go, sources close to the company said Amazon planned on opening 3,000 Go stores by 2021. Amazon declined to comment on this figure ahead of the Go Grocery launch.
According to Amazon, the Seattle store is also a different concept to the grocery store the company is set to open in Woodland Hills this year. The company confirmed it would be opening this store in Los Angeles during 2020, though there is currently no word on how the store will be branded.


text:
CEO, Lyudmil Borisov understands the importance of taking the time to refresh in such a demanding industry as the sales and marketing sector. As such, the entrepreneur organised a skiing trip to his native Bulgaria to display the importance that lays within the phrase, ‘work hard, play hard.’
About LGB Direct: http://www.lgb-direct.co.uk/
A recent study by Professor Lonnie Aarssen and Laura Crimi was designed to test the hypothesis of ‘Work Hard, Play Hard’ that was published in The Open Psychology Journey that surveyed 1400 undergraduates at Queen’s University. Researchers found that individuals would generally fit into one of two categories, the relatable here being “go-getters” those of which had a strong attraction to achievements and relaxation.
To conclude the study, Aarssen described some humans as experiencing a “legacy drive,” which can be defined as wanting to leave their legacy, a strong mark on the world - a prevailing thought that can be directly attributed to entrepreneurs. Of the research, 40% of the received data could be successfully explained by the link between accomplishment and leisure, i.e., proving the direct link between ‘working hard and playing hard.’
LGB Direct detail how the sales and marketing industry directly attracts professionals that would describe themselves as aspiring entrepreneurs. As they have a strong desire to go further than the average individual in regards to meeting objectives, driving their careers and achieving success, which must be balanced with time out for leisure to avoid ‘entrepreneur burnout’ states LGB Direct.
LGB Direct has seen astronomical success since their inception in 2010 and can attribute this in part to the enormous dedication of CEO Lyudmil Borisov and the firm's hugely motivated and determined aspiring entrepreneurs involved within the company's day-to-day running. As such, the CEO has a number of further R&R trip planned for the course of 2018, acting as both an incentive and reward for contractors at the firm that can provide their already exceptional sales and marketing techniques to consumers and clients.
- Contact Name:
- Lyudmil Borisov
- Managing Director
- LGB Direct
- Contact Email:
- click to reveal e-mail
- Company Website:


text:
When people think about billionaires, they think of someone who has everything money can possibly buy, every luxury and opportunity available on earth. While most of that might be true, privacy is one thing that billionaires and high profile individuals cannot buy. Check out this blog to learn more what 001 can do to create privacy for their clients.
This author has yet to write their bio.Meanwhile lets just say that we are proud SEO contributed a whooping 16 entries.
Entries by SEO
WPG Receives FAA Drone Waiver for 14 CFR § 107.51(c)—Visibility and 14 CFR § 107.51(d) —Cloud Clearance and added six new FAA Remote Pilots BEVERLY HILLS, CA, USA, May 12, 2021 /EINPresswire.com/ — The World Protection Group (WPG), a full-service security firm specializing in international executive protection and executive protection drone operations, has just recruited […]
Attempts at stealing sensitive data from big corporations is nothing new, but now there is a significant increase in cyber attacks on executives, politicians, and celebrities over the past year.
Today we are speaking with world-acclaimed security and executive protection expert, Kent Moyer, CEO of World Protection Group (WPG).