Alexandra McDonald

144 Flips | 19 Magazines | 1 Following | 36 Followers | @AlexandraMc27h2 | Keep up with Alexandra McDonald on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Alexandra McDonald”

Blockchain (& AI) Will Rewire Whole Industries

Everyone’s obsessed with blockchain – and for good reason. Blockchain is a technology that can solve some of the most vexing technological, professional and personal problems we face. But despite the elegance, complexity and security of the technology, the transactions blockchain will enable, and …

Blockchain

Reinventing Retail: The Struggle Between The Store Of The Future And The Reality Of Now

Depending on who you talk to, the retail industry is either in a free fall or in the midst of a renaissance. The tale of two retails couldn’t be starker. On one hand, store closures are up four times already this year over last, more people are going online, and bankruptcies are piling up such as …

eCommerce

Facebook is quietly becoming an enterprise software giant

Facebook has quietly become a sizeable force in the competitive enterprise software market currently dominated by incumbents like Microsoft and newer upstarts like Slack.<p>The social network's communication tool for businesses, Workplace is now used by more than 30,000 organizations after one year, …

The Workplace

Warren Buffett perfectly describes why the retail apocalypse is dooming Macy's, Sears, and JCPenney

Retailers like Macy's and Sears are struggling to stay alive, as stores close and sales slump. And, a single overarching mistake is the root of all their problems.<p>In "The Essays of Warren Buffett: Lessons for Corporate America," the Berkshire Hathaway CEO lays out a problem that plagues many …

eCommerce

Retail Apocalypse: 24 big retailers closing stores

Some of the United States’ most prominent retailers are shuttering stores in recent months amid sagging sales in the troubled sector.<p>The rise of ecommerce outlets like Amazon (NASDAQ:AMZN) has made it harder for traditional retailers to attract customers to their stores and forced companies to …

eCommerce

Cereal maker Kellogg could lay off up to 1,100

BATTLE CREEK, Mich. — Kellogg (K) could lay off lay off more than 1,100 employees because of its decision to use grocers' warehouses rather than directly deliver many of its foods to store shelves.<p>The company said Wednesday it plans to begin exiting its direct store delivery network in favor of …

General Mills

Glenview-based Mead Johnson, maker of baby formula, sold to British firm for $16.6 billion

The British parent company of the top-selling condom globally is poised to acquire the company known for the world's leading infant formula brand.<p>In the wee hours of Friday morning, Glenview-based Mead Johnson Nutrition, producer of Enfamil infant formula, announced it reached an agreement to be …

Sears Stock Leaps On Plan To Wipe Out $1 Billion In Costs

In a bid to survive, Sears is taking a sledgehammer to its costs.<p>The struggling retailer said on Friday that it’s planning to cut costs by at least $1 billion this year. It will also seek to reduce its debt and pension obligations by $1.5 billion.<p>Shares, which have lost 60% of their value in the …

Profit

Jose Cuervo Seeks More Than $700 Million in a Stock Offering

Snapchat’s parent might be the most prominent company to seek an initial public offering this year. But until the start-up begins trading, that honor will briefly belong to Jose Cuervo.<p>The world’s biggest tequila maker announced the price range for its stock offering on Wednesday, seeking up to …

More Trouble at the Mall for Urban Outfitters

By<p>Feb. 8, 2017 3:00 p.m. ET<p>Wall Street must be in a generous mood, because shares of Urban Outfitters were rising about 2% on Wednesday even though …

Urban Outfitters

Carlyle Group And TPG Capital Make $100 Million Bid For Kenyan Restaurant Chain

Two of America’s largest private equity firms, Carlyle Group and TPG Capital, are looking to acquire Kenyan coffee chain Java House is a deal that could be worth as much as $100 million.<p>According to a report by Kenyan newspaper <i>Business Daily</i>, the two giant PE firms are among a group of …

Venture Capital

Is US retail giant Sears heading for bankruptcy?

<b>To say that Sears is a household name in US retail is an understatement.</b><p>The 130-year-old company operates one of America's best-known department store brands, Sears, Roebuck & Company, along with the ubiquitous Kmart chain, and was America's largest retail company until 1989.<p>But the firm has …

Sears

Macy’s Stock Rises on Sale Speculation

Could Macy’s be the next major retailer on the selling block?<p><i>The New York Post</i> reported Wednesday that Macy’s Inc. chairman and CEO Terry Lundgren is …

Kate Spade Said to Attract Interest From Coach, Michael Kors

Luxury handbag maker Kate Spade & Co. is attracting interest from high-end retailers including Coach Inc. and Michael Kors Holdings Ltd. as it …

L'Oreal is buying 3 skincare products from Valeant for $1.3 billion

The French cosmetics giant paid nearly eight times the brand's combined annual revenue of $168 million.<p>"These three brands, built on strong relationships with health professionals and widely distributed, will nearly double the revenue of our Active Cosmetics Division in the U.S. and will help us …

Sales surge for global carmakers in China, Honda overtakes rivals

By Jake Spring<p>BEIJING, Jan 6 (Reuters) - Sales surged for global automakers in China in 2016 as consumers rushed to buy cars to make the most of a tax incentive, with Honda Motor Co Ltd seeing a particularly brisk pace of business ahead of Ford and Toyota Motor Corp.<p>Toyota has traditionally led …

Your car will become a second office in 5 years or less, General Motors CEO predicts

With autonomous cars on the horizon, she has made huge moves to bring the company into the future. In the past year alone under Barra's leadership, the auto giant acquired Cruise Automation, invested $500 million in the ride-hailing company Lyft, and launched GM's first long-range, all-electric …

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