Foundations offer cities help convincing workers to relocate
A new effort in Northwest Arkansas offering $10,000 incentives to new residents is part of an increasing number of philanthropy-financed projects trying to spark economic development, promote civic and cultural life, attract skilled workers, and offset declining or sparse populations.
Indian Furniture Retail Story: IKEA Takes Hold As India’s Sam Walton Bends
His empire was hit by the boom in online retail and store closures amid pandemic-induced lockdowns. The Noida mall with an IKEA store as an anchor will be set up by Ingka Centres at an investment of nearly INR 5,500 crore ($759 million). “Even before the pandemic, the Indian retail sector was in troubled waters owing to lower-than-expected consumption (around late 2019),” Anuj Puri, chairman of ANAROCK Property Consultants, told Zenger News. Organized share can potentially reach 20 percent by 2022,” Redseer said, adding that the share of furniture retail purchase in overall online retail was just 3 percent in 2017. He is also facing UrbanLadder — a start-up that changed the face of the Indian furniture market with its fresh designs in 2012.thewestsidegazette.com
Walmart, longtime seller of firearms, reevaluating position on guns
With the latest violence, this pressure is again directed at Walmart not only from gun control advocates but also some customers and even employees. Government agencies and private-sector firms track how many cars are sold, or how much Americans spend on food and gasoline, but firearms sales are not tracked with the same detail. Burt Flickinger III, a veteran retail analyst with Strategic Resource Group, estimates that US retail gun sales total around $11 billion a year. "Gun sales is the fastest declining big category in the US and, just based on sales, is reaching a point of retail irrelevancy," Flickinger said. Watts also encouraged Walmart to step up its advocacy for gun control legislation, such as stronger background check laws.
More female billionaires than ever before
The new Forbes list of the world's billionaires includes more women than ever before. 256 women made the list out of 2,208 billionaires worldwide. That's just a few billion ahead of the $42.2 billion of Françoise Bettencourt Meyers of the L’Oréal family. The New York Post reports 72 of the women on the billionaires list were self-made women, which is also the most ever. The oldest female billionaire is Ana Maria Brescia Cafferata, 93, from Peru who has $1.5 billion, and the youngest is 21-year-old Norwegian, Alexandra Andresen, with $1.47 billion.