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Nomura CEO says U.S. becomes profit driver despite one-off lossesStock Market NewsToday at 11:55 am
29/11/2022

Nomura CEO says U.S. becomes profit driver despite one-off losses
Stock Market News
Today at 11:55 am

2/2 – Nomura Holdings (NYSE:NMR) Inc’s U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had dragged down the bank’s earnings in the past, Chief Executive Officer Kentaro Okuda said.

Nestle nudges 2022 sales outlook higher againStock Market News3 hours ago
29/11/2022

Nestle nudges 2022 sales outlook higher again
Stock Market News
3 hours ago

-Nestle has nudged its 2022 sales outlook higher again, the world’s largest packaged food company said ahead of an investor seminar on Tuesday.

Prada to hire former Luxottica CEO Guerra to ease succession – sourceStock Market News1 hour ago
29/11/2022

Prada to hire former Luxottica CEO Guerra to ease succession – source
Stock Market News
1 hour ago

– Italian luxury goods group Prada (OTC:PRDSY) is set to hire former Luxottica Chief Executive Andrea Guerra in a senior management role to ease a transition at the helm to the next generation of the founding family, a source with knowledge of the matter said.

Exclusive: India asked by sanctions-hit Russia for parts for key sectorsStock Market News1 hour ago
29/11/2022

Exclusive: India asked by sanctions-hit Russia for parts for key sectors
Stock Market News
1 hour ago

Vietnam smartphone exports fall ahead of Christmas as Samsung cuts output1 hour agoNo Comments– Vietnam’s smartphone production and exports fell in November in the run up to Christmas sales season, according to official data, a new sign the country’s largest manufacturer, Samsung Electronics.....

FTX’s collapse could change crypto industry governance standards for goodThe crypto market is often referred to as the W...
25/11/2022

FTX’s collapse could change crypto industry governance standards for good

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

As a quick refresher, on Nov. 8, FTX, the second-largest cryptocurrency exchange in the world till about a month ago, faced an unprecedented liquidity crunch after it came to light that the firm had been facilitating shady deals with its related firm Alameda Research.

The crypto market is often referred to as the Wild West of the finance world. However, the events that have unfolded within this space recently would put to shame even the hardiest of cowboys from the day of yore.

Counting the days until Christmas is a major marketing move for retailers this year. Retailers from Target (NYSE:TGT) to...
25/11/2022

Counting the days until Christmas is a major marketing move for retailers this year. Retailers from Target (NYSE:TGT) to LVMH’s Christian Dior are betting that the spirit of this season can be summed up with a centuries-old religious object: the Advent calendar.

The calendars traditionally mark every day in December of Advent, a time of reflection for Christian believers and of preparation for the Nativity and expected return of Jesus Christ. Retailers’ secular versions generally sport 12, 24 or 25 small, numbered compartments, each with a unique item to be revealed daily leading up to Christmas.

Dior is selling a $3,500 Advent calendar inside a wooden and cotton canvas box fashioned like its Paris boutique on Avenue Montaigne. Open a door and slide out the drawer daily. You’ll find one of 12 fragrances, four candles, four soaps, three candle accessories, and a scented ornament.

For toddlers, Walmart (NYSE:WMT) sells the Baby Shark Advent Calendar, priced at $44.99. Behind 24 little doors are parts for 18 small toys, including a tiny candy-cane slide. “Count down to Fishmas,” the box beckons.

And for anglers, there’s a $34.99 fishing tackle Advent calendar with life-like and color-changing soft baits at The Fishing Shop.

Inflation is high. The economy is wobbly. Stores have too much inventory. And shoppers are mostly too cautious to splurge. Retailers see the calendars as a way to introduce products that people otherwise might not have bought or tried, nabbing an early-season sale from people who want to treat their friends, family and even pets to small luxuries.

By rolling out new themes in calendars priced $3 to $3,500, stores also are capitalizing on social media. “Unboxing” Advent calendars is hot with influencers such as . She posts videos of herself opening each compartment, triggering debate among her 4.4 million followers over which calendars may be overpriced.

– Counting the days until Christmas is a major marketing move for retailers this year. Retailers from Target (NYSE:TGT) to LVMH’s Christian Dior are betting that the spirit of this season can be summed up with a centuries-old religious object: the Advent calendar.

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