Revlon Signs Lease to Relocate its New Jersey-based Science and Innovation Lab to The Northeast Science & Technology (NEST) CenterHeaded South for Winter? 5 Tips for Snowbirds About to Take Flight
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.8% Wednesday to break a two-day losing streak and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average lagged with a dip of 0.2%. Stocks got a boost as expectations built that the Fed will deliver another cut to interest rates at its meeting next week. On Wednesday: The S&P 500 rose 49.28 points, or 0.8%, to 6,084.19. The Dow Jones Industrial Average fell 99.27 points, or 0.2%, to 44,148.56. The Nasdaq composite rose 347.65 points, or 1.8%, to 20,034.89. The Russell 2000 index of smaller companies rose 11.38 points, or 0.5%, to 2,394.16. For the week: The S&P 500 is down 6.08 points, or 0.1%. The Dow is down 493.96 points, or 1.1%. The Nasdaq is up 175.12 points, or 0.9%. The Russell 2000 is down 14.84 points, or 0.6%. For the year: The S&P 500 is up 1,314.36 points, or 27.6%. The Dow is up 6,459.02 points, or 17.1%. The Nasdaq is up 5,023.54 points, or 33.5%. The Russell 2000 is up 367.09 points, or 18.1%.
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Heart Valve Repair And Replacement Devices Market size to increase by USD 2.58 Billion between 2023 to 2028, Market Segmentation by Product, Geography, Technavio(The Center Square) – National Governors Association (NGA) Chair and Colorado Gov. Jared Polis, D-Colorado, joined Governors Joe Lombardo, R-Nev., Spencer Cox, R-Utah, and Mark Gordon, R-Wyo., alongside education experts to support an NGA initiative this week, according to a press release from the organization. The initiative is called Let’s Get Ready: Educating All Americans for Success . It aims to improve public education in the following areas, according to the initiative’s website: early literacy, numeracy, and high-quality curriculum; after-school, summer, and expanded learning; work-based learning and apprenticeships; dual and concurrent enrollment; skills-based learning and non-degree credentials; technology and artificial intelligence in the classroom; educator development and support; and data systems and roles of state agencies. “Launched in July 2024, Let’s Get Ready is a yearlong initiative designed to support the nation’s Governors drive innovative education policies,” the release said. “Let’s Get Ready aims to help Governors form policies that better evaluate outcomes for state investments in education and improve outcomes for learners at all stages of their education journey. The initiative also focuses on the ways states can meet the future needs of the workforce by preparing students for success in and outside of the classroom. Last month, Governor Polis held the first Let’s Get Ready convening in Denver.” On Wednesday, Polis and Lombardo plan to tour Southeast Career Technical Academy where they will “highlight the innovative work the school is leading to empower students with the tools needed to succeed with professional career paths,” the release said. Southeast Career Technical Academy is the first career and technical education high school in Las Vegas. More from this section “I started the Let’s Get Ready initiative because I’m committed to advancing the American principle that all students should have access to education that prepares them for success in life,” Polis said in the release. “We know that education is the key to prosperity and success for individuals, our communities, and our economy. That’s why we’re encouraged that Governors from both sides of the aisles are working with our country’s top education experts to find innovative solutions to improve education policies and outcomes. We can ensure all learners have access to quality education by implementing policies that look to the current and future needs of students and our workforce.” Lombardo said the academy meshes well with his educational goals as governor. “Better preparing students for college and career paths is one of my top priorities,” Lombardo said in the release. “Nevada is taking action on a variety of fronts – expanding early childhood education, hiring more teachers, increasing per-pupil funding, supporting innovative charter schools, and increasing accountability to ensure schools deliver results for students. Establishing better education to workforce pathways takes coordination with teachers, students, and business leaders. I appreciate the opportunity to host Governors and education leaders in Nevada to spur a national conversation on education.” The Las Vegas-based event will feature panel discussions with education experts on both sides of the political aisle. Some education experts participating include : David Coleman, CEO of College Board; Dr. Shanika Hope, Education for Social Impact Director at Google; Dr. Sal Khan, founder and CEO of Khan Academy; and Reshma Saujani, founder of Girls Who Code, the release said. Additional information about the Let’s Get Ready initiative and upcoming bipartisan events are available on the NGA website .Referee David Coote will not appeal against termination of contract
Heart Valve Repair And Replacement Devices Market size to increase by USD 2.58 Billion between 2023 to 2028, Market Segmentation by Product, Geography, Technavio
Have you been drinking more than usual? A new blood test could soon reveal whether your alcohol consumption is harming your liver. Researchers report that a blood-borne byproduct of alcohol called phosphatidyl ethanol (PEth) offers a reliable way to assess liver scarring caused by excessive drinking. This innovative method, published in the American Journal of Gastroenterology, has the potential to revolutionize how doctors diagnose and monitor alcohol-related liver damage. PEth testing provides a more accurate picture of alcohol-related harm compared to relying on self-reported drinking habits. According to Judy Hahn, senior researcher and professor at the University of California, San Francisco (UCSF), this approach is akin to how other health risks are measured: “We don’t ask someone how much fatty food they eat; we measure their cholesterol. Similarly, we weigh people rather than asking how much they think they weigh,” Hahn explained in a UCSF news release. How the Test Works? When the body processes alcohol, it produces PEth, a compound that correlates directly with alcohol consumption. Previous studies have confirmed that blood concentrations of PEth accurately reflect the quantity of alcohol consumed, making it a promising biomarker for liver damage. This test could enable healthcare professionals to better understand a patient's drinking patterns and offer tailored advice to prevent long-term complications. The Scope of the Study Researchers pooled data from 12 studies conducted across the United States, Russia, Uganda, and South Africa, analyzing over 4,600 participants. These studies included PEth testing, self-reported alcohol use, and liver damage measurements. The findings revealed that elevated PEth levels strongly correlated with liver damage scores. In contrast, self-reports of drinking habits showed weaker associations with liver scarring, likely due to underreporting or memory lapses among participants. “This is the largest study yet to examine the relationship between PEth and liver damage,” researchers noted. It’s also the first to compare the effectiveness of PEth testing against self-reports in assessing the risk of liver scarring. The results underline the importance of integrating PEth tests into routine blood work. Why It Matters Heavy drinking is a widespread issue in the United States, with about 24 per cent of adults binge drinking and over 6 per cent classified as heavy drinkers, according to the U.S. Centers for Disease Control and Prevention. Alcohol-related liver disease is a growing public health concern, especially as drinking levels surged during the COVID-19 pandemic. Liver scarring, also known as fibrosis, can be slowed or even reversed by reducing alcohol intake and adopting a healthy diet low in sugar, salt, and fat. However, early detection is crucial to prevent the condition from progressing to more severe stages like cirrhosis or liver failure. The study's lead researcher, Pamela Murnane, an assistant professor of epidemiology and biostatistics at UCSF, emphasized the need for routine PEth testing: “To prevent and manage liver fibrosis, we need to know how much a person is drinking. Self-reports simply don’t provide an accurate grasp of that.” Incorporating PEth testing into standard blood panels could help identify at-risk individuals earlier, allowing for timely interventions to protect liver health. As researchers continue to explore this technology, it holds promise for improving how alcohol-related liver disease is diagnosed and treated, ultimately saving lives. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Health and around the world.A Texas doctor's TikTok telling migrants they do not have to answer questions about their immigration status when receiving medical care has gone viral. Doctor Tony Pastor posted the video talking about Governor Greg Abbott's executive order requiring hospitals in the state to collect data on undocumented migrants. The Houston cardiologist said he was afraid the policy, which added a citizenship question to intake forms, would discourage people from seeking medical care. "It has made all of us physicians and providers super uncomfortable," he said in the video . "No one has told us what people are going to do with this information. The way the country is moving, I worry that this is information that people are going to use to deport people." Important message ❤️ #texas #lgbt🌈 #texaslatinos #doctorsoftiktok #nursesoftiktok #nurse #medstudent #hospital #texas Pastor said that hospital staff had been told that patients did not legally have to answer the question, but no one was telling immigrants this. "Wouldn't it be amazing if everyone who comes in doesn't answer it, and it really messes with whatever data they are looking for?" he added. Newsweek reached out to Pastor via social media and Abbott's office via email for comment on Friday morning. When Abbott announced the plans in August, he said it would allow the Texas Health and Human Services Commission (HHSC) to assess the costs of providing medical care to undocumented immigrants. The program, which began November 1, was in reaction to an influx of immigrants across the United States-Mexico border over the past two years, including many who had arrived in Texas. The governor has been one of the biggest voices denouncing current federal government border policies and has implemented his own program, Operation Lone Star, to tackle illegal immigration into Texas. Ahead of the order's implementation, Texas Hospital Association spokesperson Carrie Williams told Newsweek that patient care would not change. "Texas hospitals continue to be a safe place for needed care," she said. "On the particulars of implementation, all hospitals are different." Pastor's video has been liked around a quarter of a million times, while over 7,000 comments included other users saying they had refused to answer the citizenship question and others on intake forms. "I am in Texas. I will gladly add this to my list of "prefer not to answer" questions at medical establishments. this includes my cycle, marital status, and form of birth control," one commenter, Carlee Nicole, wrote. Others asked whether the Health Insurance Portability and Accountability Act (HIPAA) provided protections against the government accessing certain patient information. While the act does offer strict confidentiality rules, data can be shared with law enforcement officials under certain circumstances, such as a court order or warrant, or to identify or locate a suspect or missing person. Abbott has said that the data is used to assess costs, rather than for any immigration enforcement measure, and the executive order requires hospital staff to tell patients their care will not be affected. The first wave of data is set to be submitted in March 2025.
The Senior Special Adviser to the FCT Minister on Public Communication and Social Media, Olarere Olayinka, has asked those alleging land grabbing by the FCT Administration, to show evidence of land ownership. The PUNCH earlier reported that a construction company, Paullosa Nigeria Limited, raised the alarm over a demolition notice issued by the Federal Capital Development Authority to the management, to demolish its estate in Lifecamp Abuja, after meeting some of its demands. The General Manager of the Estate, Mr Vincent Enoghase, who spoke to journalists in Abuja on Tuesday, claimed the FCDA had demanded N10 million, for a Right of Occupancy, which it had paid but was yet to get receive before the issuance of the quit notice. In a viral video on Wednesday, controversial social media critic, Vincent Martins Otse, also known as VeryDarkMan, alleged that the FCT Minister, had revoked the land titles to the Estate, and issued the same to a Saravera Nigeria Limited, and the Minority Leader and member of the House of Representatives representing Obio/Akpor Constituency, Kingsley Chinda. “I have the R-of-O and the C-of-O to the people he has allocated it. He allocated it to Saravera Nigeria Limited, which we contacted them, they are not in existence. This same Saravera are allegedly the people that are managing Wike’s hotel in Port Harcourt. Now, the other person that has a big share in the whole of this thing is the head and the Leader of the Minority in the House of Reps, in the name of Kingsley Chinda”, he said. VeryDarkMan went on to call on security agencies including the Nigerian Army, Navy and Air Force to intervene, noting that the original owner of the land was the first cadet of the Nigerian Army who passed on only four years ago. In response, the SSA to the minister in a statement on Wednesday, urged “self-appointed social media activists”, to verify claims from both sides before going public with the issue. Related News Court dismisses Bobrisky’s fundamental rights suit against EFCC, N’Assembly [ICYMI] No N500m missing from customer's account, says Access Bank Impersonation: Court grants VeryDarkMan N2m bail Olayinka explained that the construction company had occupied the land located at Plot No 2241, Gwarimpa District, Cadastral Zone C02, Abuja, with a temporary R-of-O granted 40 years ago in 1984. He added that while the company applied for conversion to a statutory Right of Occupancy, it had failed to comply with certain conditions for the issuance, for the past 20 months. “A construction company, Paulosa Nigeria Limited occupied the land as a temporary office, under a Temporary Right of Occupancy arrangement granted in 1984 (40 years ago). For 36 years, the company occupied the land, built permanent structures on it, and rented them out without any approval from the government. “On November 18, 2020, after occupying the land for 36 years without approval, Paulosa Nigeria Limited applied to the then Minister of the Federal Capital Territory, for the conversion of the Temporary Right of Occupancy to a Statutory Right of Occupancy. “On February 1, 2023, approval was granted to Paulosa Nigeria Limited for a Statutory Right of Occupancy, subject to certain terms and conditions. Some of the terms and conditions are payment of Ground Rent Per Square Meter Per Annum, which was N50K/m2 from 2022 to 2023, amounting to N2,332,143; payment of Premium of N500/m2, amounting to N11,660,715 and payment of Ground Rent from 1984 to 2021 (37 years), amounting to N43,144,645. “However, for 20 months, Paulosa Nigeria Limited refused to comply with the terms and conditions for the approval. Consequent upon the failure of Paulosa Nigeria Limited to comply with the terms and conditions for approval granted for a Right of Occupancy on the said land, the approval was revoked on October 10, 2024, more than 20 months after it was given. From the above, it should be clear that Paulosa Nigeria Limited never at any time, owned the land”, the statement read. The SSA reiterated the call for critics to verify information from the administration, to avoid being used as a tool to mislead the public “My advice to our social media emergency human rights advocates is that they should always endeavour to investigate claims by whoever is seeking their service. For instance, if the person who took his time to do that video had taken a simple step of investigating further, he would have been well informed, such that he won’t be used to mislead the public.”Prime Minister Justin Trudeau should have resigned at least a year ago, says Niagara political pundit David Siegel. As it is, the retired Brock University political science professor said Niagara’s incumbent Liberal MPs should be worried about their jobs with a September federal election on the horizon. “The real problem is, (Trudeau) should have stepped down a year or two ago, because it’s getting to be too late now,” Siegel said. “You need a kind of run-up to the (Liberal) convention where people like (Finance Minister) Dominic LeBlanc and (his predecessor) Chrystia Freeland and maybe (former housing minister) Sean Frazer and (Immigration, Refugees and Citizenship Minister) Marc Miller can showcase what they can do. “There’s very little runway left to do that.” Siegel expects Trudeau’s plans will be known by early January. Retired Brock University professor and political pundit David Siegel. If the prime minister had resigned a year ago, the Liberal party “would be in a different position today.” A change of leadership might have given the Liberals a stronger chance in the next election. “Personally, I don’t think I’ve spoken to anyone who is excited about (Conservative Leader) Pierre Poilievre. When I hear people mention Pierre Poilievre, they say ‘we can’t vote for the Liberals’ — which is not exactly a ringing endorsement.” “If we were having this conversation a year ago, I would have said ‘Oh yeah, Poilievre is not really that popular and the Liberals have a lot of runway to build something.’” Now, however, he said while Poilievre is still not that popular, the Liberals no longer have time to rebuild voter confidence in their party. And if there’s enough opposition to Trudeau, Siegel said Niagara Centre MP Vance Badawey and St. Catharines MP Chris Bittle could lose their seats. Badawey’s in a better position, he said, because of his years representing Port Colborne as mayor and as a regional councillor, “but even very popular local candidates can get swept up in a wave.” Niagara Centre MP Vance Badawey. Neither of Niagara’s Conservative MPs, Niagara Falls’ MP Tony Baldinelli and Niagara West’s Dean Allison responded to interview requests for this story. Nor did Bittle and Badawey when approached by the Toronto Star. During an hourlong Zoom call of Ontario Liberal MPs on Saturday, none of the participants argued that Trudeau should remain Liberal leader for the next election. In a poll of all Liberal MPs published Friday, 102, including Bittle and Badawey, offered no comment, while 22 said Trudeau should resign. Eighteen said he should remain party leader and 10 did not take a definitive stance. Siegel said he’s not surprised by the silence among local MPs. “Honestly, they’re being wise in the sense that nobody knows what’s going to happen,” he said. “Academics can spout off anytime they want because nobody cares, but for politicians who are accountable for what they say they’re being quite wise because they don’t know what’s happening.” Although a vote of non-confidence in Trudeau is possible when the federal legislature resumes in January, Siegel said it might not be enough to force an election earlier than the fall. “September 2025 sounds a long way off, but in truth we’re close enough maybe there’s a way for the parties to stick this thing out,” he said. With files by Toronto Star
SANTA CLARA — Jake Moody missed another goal attempt in Week 17, setting social media and talk radio ablaze. Time for the 49ers to get a new kicker, or at the very least some competition during training camp in 2025. Not necessarily, even if coach Kyle Shanahan threw his tablet on the sidelines in frustration after Moody missed a 41-yard attempt in a 29-17 loss to the Miami Dolphins. “I believe we’ve got the right guy,” Shanahan said Thursday as the 49ers (6-9) began preparations to host the Detroit Lions (13-2). “He’s showed that at times. I thought he showed that at times in his rookie year. I thought he showed that in being 12 of 13 to start the year and I think he’ll show that in the future.” But rest assured that Moody will be watched closely to see how he performs in the final two weeks of the season, beginning with a spotlight game on Monday night in a rematch of last year’s NFC Championship Game won 34-31 by the 49ers. Since the game is at Levi’s Stadium, Moody should enter with some confidence. He’s 23-for-30 on field goal attempts a 76.7 rate that’s unacceptable in today’s NFL, let alone for a kicker who was selected in the third round of the 2023 NFL Draft. But all seven of his misses have been on the road — one in Miami, two in Buffalo in the snow, three in Tampa Bay in the sunshine and one in Los Angeles. Which apparently came as news to Moody. “I actually didn’t know that,” Moody said. “That’s pretty interesting. I don’t think that necessarily has anything to do with it, being home or away. It’s just the misses, I’ve got to hit better kicks. It’s not any specific reason why I miss. I’ve just got to make sure I’m dialed in on my form.” Moody is 15-for-15 in field goal attempts at home, starting off 6-for-6 in the opener against the New York Jets. But Moody sustained a high ankle sprain on his right kicking foot in Week 5 against Arizona, missing three games as the 49ers cycled through Matthew Wright (also injured on a kick return) and Anders Carlson. “Since he’s come back, he hasn’t been as consistent, obviously,” Shanahan said. “I think a lot of it probably has to do with (the injury), just common-sense wise. Hopefully he can get to this offseason, heal up and find a stroke again.” Having a midseason injury was a “learning experience,” according to Moody. “Whether or not that was an issue, I don’t know. I’m still doing the best I can trying to keep everything what it was prior to the injury,” Moody said. “It’s not like you can really blame something.” While tempted to alter his approach and preparation, Moody thought better of it. He considers kicking similar to golf, and said it can take years for golfers to master a swing change. “In this business you don’t have that much time to try and dial something in and do big changes like that,” Moody said. “You’ve got to be consistent and not be changing too many things or you’ll be overwhelmed by everything.” While the 49ers may bring another kicker into camp just for an extra leg, Shanahan didn’t sound as if he was looking to set up a competition for No. 1. “I think you’ve got the wrong guy if you have to,” Shanahan said. “You do that when you don’t think you’re going to have a guy, but when those guys miss too much you go get a new one usually. And that’s what’s tough about the kicker position.” GREENLAW DONE FOR THE YEAR Shanahan hinted strongly Monday that linebacker Dre Greenlaw wouldn’t play in the last two games, saying he’d wait until talking to him before making it official. “He’s not going to play in these two games,” Shanahan said Thursday. “He understood.” Left tackle Spencer Burford (calf) did not practice and Shanahan thought there was a chance he’d be ready to face Detroit with Trent Williams and Jaylon Moore both on injured reserve. Left guard Aaron Banks (knee), who hasn’t yet been placed on IR, did not practice and neither did edge rusher Robert Beal Jr. Those who were limited were safety Ji’Ayir Brown (ankle), running back Isaac Guerendo (foot/ankle). Nick Bosa (hip/oblique) was off the injury list. Veteran offensive lineman Matt Hennessey was added to the roster with Williams going on injured reserve, with Sebastian Gutierrez joining the practice squad. Shanahan will try to piecemeal an offensive line heading into Detroit, with newcomer Charlie Heck also in the mix. “We’ve got to mix and match a number of guys,” Shanahan said. The 49ers activated the practice clock on rookie linebacker Tatum Bethune, who has been out with a knee injury in hopes of getting him back before the end of the regular season. LIONS EXPECT 49ERS BEST SHOT Detroit Dan Campbell thinks last year’s loss to the 49ers in the NFC Championship Game helped prepare them for taking another run at this season. “I think we’re really more mature,” Campbell told the Detroit media. “Every year you learn something about winning and losing. And when you take an `L’ like we did last year you learn from that . . . I think we’re much more prepared than at that time. You feel like you’re (prepared) but you get into that with a heavyweight that’s been there numerous times, you don’t always know. I think that as an experience has served us well moving into this year.” The Lions have also taken notice of what happened to the 49ers in 2022 when Brock Purdy tore the UCL in his throwing elbow in the NFC title game against Philadelphia and didn’t have a viable quarterback. Veteran quarterback Teddy Bridgewater was signed to the roster, giving the Lions three quarterbacks along with starter Jared Goff and backup Hendon Hooker. STAT WATCH — Tight end George Kittle (68 receptions, 967 yards) needs 33 yards receiving to reach 1,000 for the fourth time in his career and second in succession. With eight touchdown receptions, he’s three shy of his career high of 11 set in 2022. — Wide receiver Jauan Jennings (63 receptions, 856 yards) needs 144 yards in his last two games to reach 1,000 for the first time in his career. His six touchdown receptions are a career best. — Bosa has has seven sacks and needs three over the last two games for his fourth consecutive season in double figures. Bosa had 15 1/2 in 2021, 18 1/2 in 2022 (winning NFC Defensive Player of the Year) and 10 1/2 last season. First, Bosa is thinking about his eighth sack. “Just trying to get to the next one,” Bosa said. “But it would be cool.” — Defensive end Leonard Floyd has 8 1/2 sacks and needs 1 1/2 over the last two games to reach double figures for the second consecutive season and for the fourth time in his career. — Middle linebacker Fred Warner (117 tackles) needs 21 in his last two games to exceed his career high of 137 in 2021. Warner has exceeded 100 tackles in each of his seven seasons. — Purdy has 31 rushing first downs, three more than Colin Kaepernick had in 2013 and 2014.49ers’ Shanahan expects Jake Moody to be his kicker into the future
NEW YORK--(BUSINESS WIRE)--Dec 23, 2024-- Saks Global, a leading luxury retail and real estate company, has finalized its acquisition of Neiman Marcus Group (NMG) for a total enterprise value of $2.7 billion. Saks Global now includes Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH, each continuing to serve customers under their own brand. Richard Baker, Executive Chairman of Saks Global, said, “This milestone transaction marks a transformative moment for Saks Global and the luxury retail industry. By uniting Neiman Marcus, Bergdorf Goodman, and Saks Fifth Avenue, we have created an unparalleled multi-brand luxury portfolio with tremendous growth potential. With data and innovation at our core and a portfolio of prime real estate, we aim to redefine the luxury shopping experience.” Marc Metrick will serve as CEO of Saks Global Operating Group, and Ian Putnam will serve as CEO of Saks Global Properties & Investments. Both will report to Richard Baker, Saks Global’s Executive Chairman. Saks Global Operating Group Powered by data-driven technology and with a strengthened financial position, Saks Global is primed to deliver personalized, inspiring shopping experiences, and to be a stronger partner to brands in reaching their target customers. Marc Metrick, CEO, Saks Global Operating Group, said, “Bringing these iconic brands together is a significant step forward for luxury retail. As one company, we have an opportunity to transform the way we serve consumers, blending art and science to ensure each customer's experience is unmistakably their own. With deep relationships across the industry, cutting-edge personalization and strategic technology partnerships, we are poised to drive innovation and growth. I look forward to working with the many talented leaders and employees from NMG and across Saks Global as we embark upon our journey to bring these businesses together.” To ensure Saks Global is best positioned to drive the growth of its luxury businesses, the company has established the role of President & Chief Commercial Officer. Emily Essner, who previously served as Chief Marketing Officer at Saks, has been promoted into this role, leading the company’s go-to-market strategy by aligning key commercial functions to enhance the customer experience and drive revenue. Metrick added, “This role will break the mold for how we bring the luxury shopping experience to life. Emily is the ideal person to lead this critical new function and advance our strategy to meet customers’ increasing demand for individualized experiences.” Bergdorf Goodman will remain a standalone business under the Saks Global umbrella, building upon its reputation for distinct, curated luxury shopping. Tracy Margolies, who previously served as Chief Merchandising Officer for Saks, has been appointed President. Metrick continued, “Tracy’s deep expertise and track record of leading results-driven strategies will propel Bergdorf Goodman into the future while honoring its unique legacy. I am confident she is the right person to lead this storied business’ next chapter and look forward to what Bergdorf Goodman will accomplish under her leadership.” To support its transformation strategy, Saks Global has appointed Bill Bine to the new role of Chief Transformation Officer. Bine joins Saks Global from Neiman Marcus Group where he served as Chief Supply Chain Officer. Metrick added, “A highly strategic, results-oriented executive, Bill’s significant experience leading large-scale business transformation and operations in retail will be instrumental to our integration journey.” Saks Global Properties & Investments Saks Global Properties & Investments includes Saks Fifth Avenue and Neiman Marcus flagship properties with a $7 billion Gross Asset Value portfolio in luxury markets and is responsible for executing strategic transactions. Ian Putnam, CEO of Saks Global Properties & Investments, said, “With the addition of the Neiman Marcus assets, our real estate and development teams look forward to continuing to opportunistically unlock value from our robust portfolio. Additionally, our investments team will continue to focus efforts on strategic opportunities to enhance both the operating business and our real estate portfolio.” Strategic Relationships As an investor, Amazon will work with Saks Global to innovate on behalf of customers and brand partners. Authentic Brands Group (Authentic), a global brand owner and licensing company, is an investor in Saks Global, and is Saks Global’s joint venture partner in Authentic Luxury Group (ALG). ALG leverages the combined capabilities of Authentic and Saks Global to maximize the potential of Authentic’s luxury brands across key sectors, including fashion, retail, digital, hospitality, real estate, art, and travel. Salesforce is an investor in Saks Global, and will support the business by enhancing its personalization strategy by utilizing first-party data and AI to create a highly customized shopping experience. G-III Apparel Group is an investor in Saks Global, and will continue to support the company as a key merchandising partner. Canadian Retail and Real Estate Assets As a result of this transaction, HBC’s Canadian business and real estate assets and Saks Global will be separately financed. Hudson’s Bay, including its stores and TheBay.com , has been recapitalized and is positioned to execute on its business plan. Hudson’s Bay will continue to own or lease a CAD$2 billion real estate portfolio, either entirely or with its joint venture partner, RioCan Real Estate Investment Trust. Transaction Details The transaction is financed through a combination of equity contributions from new investors, including Amazon, Authentic Brands Group, Salesforce, M. Klein & Company, G-III Apparel Group, and others, an issuance of $2.2 billion of Senior Secured Notes, and an Asset-Based Lending (ABL) revolving credit facility. Existing investors, including Rhône, Insight Partners, Abu Dhabi Investment Council, Abrams Capital, and others are maintaining their ownership in the new structure. Advisors M. Klein & Company served as financial advisor and capital markets advisor to Saks Global on the acquisition of Neiman Marcus Group and related financings. Solomon Partners also served as a financial advisor to Saks Global. Jefferies LLC served as a financial advisor to Saks Global and was also Lead Left Bookrunning Manager for the Senior Secured Notes issuance. BofA Securities, RBC Capital Markets, Citigroup Global Markets Inc., and Morgan Stanley served as financial advisors to Saks Global, led the Asset-Based Lending (ABL) revolving credit facility, and served as Joint Bookrunning Managers for the Senior Secured Notes issuance. Elm Street Advisors served as strategic, commercial and operational advisor. Deloitte served as a financial and tax advisor to Saks Global. Willkie Farr & Gallagher LLP served as legal counsel to Saks Global. About Saks Global Saks Global is a combination of world-class luxury retailers, including Saks Fifth Avenue and Saks OFF 5TH , as well as a portfolio of prime U.S. real estate holdings and investments. Saks Global is deeply committed to helping luxury consumers discover the most sought-after established and emerging brands from around the world. Powered by data-driven technology and centered on the customer, Saks Global is on a mission to redefine the luxury shopping experience through highly personalized service, with greater opportunities for product discovery across all channels. About Neiman Marcus Group NMG is the parent company of leading U.S. multi-brand luxury retailers Neiman Marcus and Bergdorf Goodman. The company successfully transformed itself into a profitable luxury relationship business by Revolutionizing Luxury Experiences for customers, brand partners, communities, and associates. Its differentiated business model is anchored around integrated retail, an expertly curated product assortment, and a sales-assisted approach. For more information visit neimanmarcusgroup.com to view our Info Kit. View source version on businesswire.com : https://www.businesswire.com/news/home/20241223806550/en/ sakspress@saks.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE ONLINE RETAIL CONSTRUCTION & PROPERTY LUXURY TRAVEL DEPARTMENT STORES ARTS/MUSEUMS ENTERTAINMENT FASHION RETAIL OTHER TRAVEL SOURCE: Saks Global Copyright Business Wire 2024. PUB: 12/23/2024 05:25 PM/DISC: 12/23/2024 05:25 PM http://www.businesswire.com/news/home/20241223806550/en
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Naperville family says happy holidays with map of must-see local light displaysEvery Black Friday, there’s a number of viral products that everyone has on their Christmas wish list, and we don’t expect this year to be any different. However, not all of these popular items are going to stay in stock, and we have some insight on the ones that won’t. Black Friday is big business, and last year shoppers spent $222.1 billion during the entire holiday shopping season, according to Queue-it. Sales on Black Friday reached $16.4 billion (online and in stores), and this was a 9% increase from the year before. While it comes as no surprise that electronics are the most sought-after products of the holiday season, Queue-it said this accounts for the majority of holiday sales, jumping to $50.8 billion in 2023. Apparel, furniture, groceries and toys are the other hot sellers of Black Friday. Together, these five categories accounted for 65% of sales during the holidays last year and is only expected to grow in 2024. While many items that sell out over Black Friday are driven by a good deal, we also know that a hot product is just that — a gift that most people want to open on Christmas Day. So, here are our picks for the top 10 hot-ticket items that could sell out over Black Friday. Samsung 98-inch QLED TV The holidays are ripe for TV deals, and we expect shoppers to buy a ton of them in 2024, especially at Walmart. Consumers are trending toward bigger TVs and the super low-price deals over Black Friday force many models to sell out. This is especially true of popular models from Samsung, Hisense, LG and more favorites. Apple Watch Series 9 Apple's smartwatches are a top pick among Apple fans. We’ve seen prices on the Apple Watch continue to trend downward, which was only spurred by the release of the new Apple Watch 10 in September. This pushed down prices on earlier models, with the best deals coming on the Apple Watch SE and Apple Watch 9. For Black Friday, we think the prices will drop even lower and sell out due to high demand. Beats Solo3 Wireless headphones are one of the most popular products of 2024, and Beats are one of the top brands. We’re already seeing big markdowns on Beats Wireless Headphones, and we expect these price drops to continue into Black Friday. The Beats Solo3 is likely to be on sale for even cheaper than we’ve already seen, and we think they will sell out for Black Friday, with the possibility of other popular Beats headphones joining them. Apple AirPods (3rd gen) If you haven’t picked up a pair of Apple AirPods yet, this could be your year to do it. With Apple launching a fourth generation of AirPods earlier this year, the price on prevvious models are creeping lower. We think over Black Friday they’ll be at their cheapest price ever, with the AirPods (3rd Gen) likely to sell out. JBL Flip 6 Bluetooth speakers are a must-have for many this year, and with the big sound that comes from JBL’s speakers, it’s easy to see why they might sell out for Black Friday. These popular speakers come in a variety of portable sizes and waterproof designs. We expect big deals on JBL’s top-rated Clip 5 and Flip 6 Bluetooth speaker models. Apple iPad (10th Gen) One of Apple’s most sought-after products of the year was the iPad, and we saw the 9th Gen and 10th Gen models drop to their lowest prices ever. We think this year will bring some iPad bliss with even better discounts, but these deals will disappear just as fast as they arrive. We think that mega discounts on the iPad (9th Gen) and iPad (10th Gen) could cause sell outs, especially on Amazon. Dyson Airwrap The Dyson Airwrap just might be the top product of Black Friday, as this is one of the rare times there’s a discount on the beloved hair styling tool. At $600, the Airwrap carries a hefty price tag, so any discount presented is a welcome surprise. But as we’ve seen in the past, any Black Friday deal on the Dyson Airwrap causes a crush of interest that’s followed by a sell out. Ugg Tasman slippers If you’ve tried to scoop up the UGG Tasman Slippers in previous years, you already know they never stay in stock for long. As the “it” slipper of the holiday season, UGG’s Tasman sells out multiple times over the holidays, even without a discount offered. We think that this year will be similar, with popular sizes and colors of the Tasman Slipper snatched up fast over Black Friday. Bissell Little Green The Bissell Little Green carpet cleaner is a popular home product that just can’t seem to stay in stock. With prices falling under $90, this mighty machine can be a blessing for pet owners and parents, as its compact size makes it easy to store and use when needed. We’ve seen the Little Green Machine sell out before, and we’d be surprised if it didn’t do it again over Black Friday. Furby Galaxy Edition We’d be remiss if we didn’t include a top toy that we think will be hard to find and gift this year. Our pick is the Furby Galaxy Edition. This glow-in-the-dark Furby is based on the original Furby from the late ’90s with even more features, interactive modes and more fun. Making a comeback in 2023, we saw the revival of this popular toy sell out last year, and we expect the new Furby Galaxy Edition to do the same. For the holidays: Get inspiring home and gift ideas – sign up now!
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