Market Watch

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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SAN FRANCISCO — Health care’s business class returned to its San Francisco sanctuary last week for JPMorgan’s annual health care confab, at the gilded Westin St. Francis hotel on Union Square. After a two-year pandemic pause, the mood among the executives, bankers and startup founders in attendance had the aura of a reunion — as they gossiped about promotions, work-from-home routines, who’s getting what investments. Dressed in their capitalist best — ranging from brilliant-blue or pastel-purple blazers to puffy-coat chic — they thronged to big parties held in art galleries and restaurants. But the party was tinged with new anxiety: Would the big money invested in health care due to COVID-19 continue to flow? Would investors ask to see results — meaning profits — rather than just cool ideas? The buzzy conference had just as many words about profits as about patients. The mostly maskless crowd spoke English, French, Japanese — and, of course, money. Besides the corporate and investment types, attendees routinely saw surprising characters — like celebrity doctor Mehmet Oz, fresh off his Senate loss, holding court in the lobby on Jan. 10. If the vibe in the hotel’s congested halls was upbeat — or, at least, […]

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Democrat Josh Shapiro was sworn in as Pennsylvania governor Tuesday, Jan. 17. During his campaign, he said he would focus on encouraging more businesses to locate and expand within the state. Two days following Pennsylvania Gov. Josh Shapiro’s inauguration, Pittsburgh-area business leaders voiced optimism that the Democrat will usher in a new era of economic competitiveness. The state has struggled to turn research and innovation that occurs at its universities into broad-based job creation, research shows . But Shapiro shows signs he prioritizes the issue, encouraging local economic development groups they could soon receive more support to implement strategies for expanding high-tech industries in the Pittsburgh region. On the campaign trail last summer, Shapiro embraced policies to encourage business investment and workforce development. Once elected, he formed a transition team to develop a broader economic development strategy. “We have a governor who wants to work with us and is going to lay out the plan to get there. And we as a region have positioned ourselves to respond and partner accordingly,” Allegheny Conference on Community Development CEO Stefani Pashman said during a webinar that her organization hosted Thursday. Pashman and other boosters have crafted thorough proposals in recent years […]

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No matter what your New Year’s resolution is, these courses will help you reach your goals in 2023 This is a modal window. No compatible source was found for this media. SAN ANTONIO – San Antonio has 54 construction projects currently working and city officials say 89% of them are considered on time. Still, many business owners near construction say the limited access to their establishment is driving revenue into the ground. “It’s impossible for us to continue to do business on Broadway. We have no choice but to close the business down. We’re thinking early spring,” Augie Cortez Jr., owner of Augie’s Alamo City BBQ said. The barricades surrounding the restaurant are a similar sight to those on the North St. Mary’s strip. “It’s sometimes even more challenging than what we’ve dealt with and with COVID, which is a lot to say out loud. We’re looking at hundreds of thousands of dollars in lost revenue, just me personally, but I’m not unique,” said Aaron Pena, the owner of Squeezebox. When the city has a construction project, they take bids from contractors. Assistant city manager Rod Sanchez said they usually have to take the lowest bid out of qualifying […]

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Longtime restaurateur Jon Dressler only sees opportunities as the Charlotte Convention Center ramps up events and meetings in its expanded space . More traffic through that building stands to help Charlotte’s culinary industry grow its footprint, says Dressler, founder of Rare Roots Hospitality. “Convention traffic gives you an exposure. Here’s an opportunity to market that event for future business,” Dressler says. His uptown restaurant, Fin & Fino, is a frequent destination for convention attendees. The 8,200-square-foot social seafood house opened at 135 Levine Ave. in April 2018. Rare Roots is also behind Dressler’s at Birkdale Village and in midtown; The Porter’s House in south Charlotte; and Dogwood Southern Table & Bar in SouthPark. A sixth concept, Chapter Six, is under construction in South End. Dressler says convention traffic bumps up sales by as much as 30% when events are in town. That combined with the return of uptown workers led Fin & Fino to its best year ever in 2022. Lunch service was reinstated in April after a 24-month gap. He says Tuesdays, Wednesdays and Thursdays are consistent. Business trends about 30% lower on Mondays and Fridays — a byproduct of hybrid work schedules. Dressler says there are three […]

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getty With 2022 in the rearview mirror, now is a perfect time to step back and assess what it taught us about the state of B2B sales. Virtual selling to digital-centric customers continued to gain momentum; linear sales models are becoming obsolete; and evolving buyer preferences, such as the desire for more rep-free experiences and self-guided purchasing, are rendering traditional enablement tactics ineffective. Above all, creating alignment across sales, marketing and customer success departments is now nonnegotiable for exceeding quotas and meeting business objectives. These trends all point to an overarching theme. The shifting dynamics of B2B sales and current economic conditions have heightened the importance of sales enablement innovation. Organizations are learning that a sole focus on enabling the individual seller no longer drives pipeline growth. Instead, it’s about unifying customer touchpoint data with automated feedback loops that provide end-to-end visibility. (I detailed the intricacies of revenue enablement in a previous article.) Over the next year, I believe B2B sales leaders will build on this momentum. With a potential recession looming, the winners of 2023 will be the companies that embrace the value of business enablement—a more holistic and ROI-centric model that drives top and bottom lines simultaneously. […]

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