Through a career that spanned more than four decades, Hurvitz taught more than 50,000 students Starting with his role as an adjunct professor in the late 1970s, Fred Hurvitz’s impact on Smeal College of Business students was felt over the next 45 years until his retirement at the end of 2022. Credit: Photo provided. All Rights Reserved. “His work to introduce new programs that elevated the retail offerings in the department influenced a generation (or two) of students.” UNIVERSITY PARK, Pa. — Although he was born into a retail family and ran businesses for about two decades, Fred Hurvitz found his greatest reward in teaching hundreds of students the ins and outs of retail, marketing and business. “I don’t like to teach something on a theoretical basis,” said Hurvitz, marketing instructor and Kohl’s Professor of Practice for Retail Studies, who retired at the end of 2022. “I like to give my students examples and, if I’ve lived some of those examples, I think they understand it and appreciate it better.” His teaching career began in the late 1970s as a Smeal adjunct professor carrying a full class load before starting a full-time faculty position in 1988. Along the way, […]

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New York CNN — Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the company and will serve as executive chairman. Hastings will be replaced by co-CEOs Ted Sarandos and Greg Peters. “Our board has been discussing succession planning for many years (even founders need to evolve!),” Hastings wrote in a blog post on Thursday. “As part of that process, we promoted Ted to co-CEO alongside me in July 2020, and Greg to Chief Operating Officer — and in the last 2½ years I’ve increasingly delegated the management of Netflix to them.” Hastings founded Netflix (NFLX) in 1997 and changed the way countless households watched movies and shows, first with its DVD-by-mail business and later with its streaming video service. Under Hastings’ leadership, Netflix disrupted legacy movie rental companies like Blockbuster and helped shake up Hollywood by kicking off an arms race investing in original content. It also survived a notable misstep in 2011 when the company briefly planned to spin off its streaming service from its DVD business, with the latter to be re-branded as Qwikster. Netflix plans its biggest-ever slate of Korean content Last year, however, Netflix saw its stock and reputation […]

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The Swiss resort town of Davos is the site of a vigorous debate about the future of globalisation [Reuters] Is globalisation dead? That’s one of the big questions on minds at the World Economic Forum in Davos, Switzerland. The explosion in global connectivity and trade that was widely taken for granted for decades is certainly under pressure. From the COVID-19 pandemic to the United States-China rivalry, Brexit and the war in Ukraine, a confluence of factors is challenging the long-held assumption that business and investment should be able to move freely across borders. Where once the cost of doing business drove investment decisions, firms must now consider geopolitical and national security factors that increasingly drive governments’ policymaking. Tinglong Dai, an expert in globalisation at Johns Hopkins Carey Business School, is of the view that globalisation, while not dead, is at least struggling to survive. “In the coming years, we may see the emergence of a ‘supply chain iron curtain’, where Western countries maintain high levels of free trade, investment and movement of people among each other but scrutinise links with China, Russia, and the like,” Dai told Al Jazeera. “This means that free trade in goods and services in […]

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Globalization has a rich history and is full of intricacies. Find out more inside. Globalization is the expansion of businesses all over the world due to advances in technology and transportation. Globalization includes an increase in the flow of: Goods and services Capital People International ideas While trade is no new concept, businesses can become a presence in more areas all over the globe than ever before. But how did this happen? And what business industries experience globalization? Keep reading to find out everything you need to know about globalization. History of globalization Globalization’s rich history began long before giant conglomerates such as Amazon and Google existed. There is a timeline of discovery, protectionism, liberalization, financial crisis, and economic development that can all be traced back to the BC era as the phenomenon of international trade developed. The Silk Road The Silk Road was the cultural phenomenon that made luxury goods accessible across countries in the first century BC through the fourteenth century AD. Silk was exported from China to Rome, meaning that many other countries were involved along the route. However, with an abundance of wars and conquerings and fallen empires changing accessibility of routes, the Silk Road […]

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Consumers reduce their dining budgets or trade down to fast-food during recessions, analysts said. During economic downturns, restaurants feel the pain first as consumers tend to eat out less. Some consumers trade down from casual-dining favorites to fast-food chains, analysts said. Analysts predicted what top publicly traded chains could do well with consumers during a recession. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . A majority of Wall Street analysts have said the threat of a 2023 recession is real. Typically during a recession, restaurants feel the pain first. "People need to eat, but they don’t necessarily need to eat at restaurants," Mark Kalinowski , a restaurant analyst with Kalinowski Equity Research, told Insider. When times are tough, consumers either eat out less frequently or trade down from casual-dining favorites to fast-casual or fast-food chains because prices are lower and there’s […]

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Big stores including Walmart, Home Depot facing ‘historic’ levels of theft 00:00 00:0005:12GO LIVE Facebook Twitter Email Embed SpeedNormal Autoplay Retail thefts have ballooned in the last few years, creating a multi-billion problem for retailers and forcing companies to take drastic action to protect from lost profits. Numerous pharmacies, grocery stores and other retailers have shortened store hours or been forced to close permanently as locked-up merchandise becomes commonplace to protect against shoplifters and smash-and-grab thieves. "It has to do with all the shoplifting," a Walgreens clerk told Fox Business last month on why ice cream freezers were secured with chains and locks. Crime has weighed heavily on retailers across the country, costing businesses about $94.5 billion, the National Retail Federation reported last month. It has affected businesses large and small, with Target reporting a 50% increase in shoplifting incidents last year, accounting for a whopping $400 million in losses. Candy and ice cream are locked or otherwise chained up at a New York City Walgreens store on Dec. 23, 2022. A new report released by DealAid , which was provided to Fox News Digital, found that more than 80% of retailers across the country have seen an increase […]

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Google is laying off 12,000 employees, or around 6% of its global workforce. Google announced Friday it’s laying off around 12,000 staff, or 6% of its global workforce. In a memo to staff, Sundar Pichai, CEO of parent company Alphabet, took responsibility for the cuts. Read Pichai’s full message to Google employees below. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Google is laying off 12,000 employees, or around 6.4% of its global workforce, Sundar Pichai, the CEO of parent company Alphabet, told staff in a memo on Friday. Pichai told staff that he took "full responsibility for the decisions that led us here." "Over the past two years we’ve seen periods of dramatic growth," Pichai told staff in the email. "To match and fuel that growth, we hired for a different economic reality than the one we face […]

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The California Privacy Rights Act, which amends the Consumer Privacy Act and extends its protections, took effect on Jan. 1, and enforcement starts July 1, 2023. Hanson Bridgett’s Simran Mahal outlines steps for businesses to comply with the new law. The California Privacy Rights Act went into effect Jan.1, 2023, expanding consumer protections offered by the California Consumer Privacy Act. CPRA enforcement won’t start until July 1 and applies only to violations occurring on or after that date. Businesses are given a six-month window to comply with this new law. Whether a business needs to create privacy or security programs or update existing programs to comply, it should follow some top-line compliance steps. Determine Oversight If a business was subject to the Consumer Privacy Act, it is likely also subject to the CPRA. The law expanded the definition of a business to include any for-profit entity doing business in California that collects California consumers’ personal information and had annual gross revenues of more than $25 million in the previous year; buys, sells, or shares personal information of 100,000 California consumers or households; or derives 50% or more of its annual revenue from selling or sharing information. The CPRA expanded […]

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The organization charged with helping businesses move to and expand in Greater Cincinnati saw business soar last year. A tire company’s business is skyrocketing. And a payroll provider’s data shows business is booming. You wouldn’t know 2022 was a rough year in the economy or the stock market after hearing the Business Courier ’s “Economics of Uncertainty” panel discussion sponsored by Bank of America. Even a broad outlook on the economy and stock market showed signs of optimism. “We’ve doubled our business over the last two years and we intend to grow probably another 35% this year,” Jeff Rodgers , chief financial officer of downtown-based Tire Discounters, said as part of the Jan. 19 event attended by more than 100 at the Renaissance Hotel downtown. “Nothing has changed in our growth strategy.” Kimm Lauterbach , CEO of REDI Cincinnati, said her firm saw continuing signs of growth for the region. “We closed several large projects, we have a strong pipeline and we had a 200% increase in requests for information,” she said. “So it was a frenetic year.” Medpace Holdings Inc. said in December it is adding 1,500 jobs and investing $150 million in its headquarters campus . Intel’s […]

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Elizabeth Holmes lives on an expensive estate while appealing her conviction, prosecutors said in a court filing. Elizabeth Holmes lives on an expensive estate, prosecutors said in a court filing. They said her estate costs $13,000 a month in upkeep, according to cash statements from Holmes. The Theranos founder still shows "no remorse to her victims," prosecutors said. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Theranos founder Elizabeth Holmes still shows "no remorse to victims" and is living on an estate costing $13,000 a month during her appeal, US prosecutors said. In a court document filed on Thursday, government lawyers said Holmes had lived on the estate for more than a year. They said the estate costs more than $13,000 to maintain each month, according to cash flow statements Holmes has given to the US probation office, per […]

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