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13.03.26 - 17:12
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Burlington Bets Big on Budget Shoppers (Bloomberg)
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US consumers are barely opening their wallets, just a tenth of a percent spending bump in January. Gas prices are climbing. Inflation is heating up again. Household budgets are under pressure. And that's shifting where Americans shop. Burlington is betting off-price wins in this environment. The company just posted a strong quarter and says it's ready to capture the demand. Michael O'Sullivan, CEO of Burlington Stores joined Bloomberg Open Interest to talk about the environment and what's next for consumers. (Source: Bloomberg)...
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13.03.26 - 17:12
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How Goodwill Trains Workers for Better Jobs (Bloomberg)
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Goodwill is more than a thrift store. CEO Steven Preston joined Bloomberg Open Interest to explain how the nonprofit is tackling America's labor shortage by training workers for better-paying jobs, while also addressing a growing AI skills gap. As inflation drives more shoppers to thrift, store revenue is up nearly 50% since pre-Covid, helping fund hundreds of millions in local workforce programs.
(Source: Bloomberg)...
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13.03.26 - 17:06
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Inside the $5M Ferrari Trade (Bloomberg)
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Classic cars aren't just collectibles anymore, they're becoming a serious asset class. Eden Cooper, Founder of Drift Capital, breaks down how his fund invests in the world's rarest cars, from a $5 million Ferrari F40 to a record-setting Porsche Carrera GT. As younger collectors drive demand for 90s and 2000s analog supercars, returns are topping 30%, reshaping the alternative investment landscape.
(Source: Bloomberg)...
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