As the dismal, jobless Obama economy continues, clothing retailer Ralph Lauren has announced a major scaling back of its U.S. operations, with the loss of one thousand jobs and the closure of 50 stores.
As USA Today reports, Ralph Lauren CEO Stefan Larsson, who only recently replaced the company’s founder as CEO, announced the move as part of his restructuring plan aimed at saving $220 million over the next year.
“The business has struggled over the last three years,” the CEO said. “We have to do a better job to give the consumer something really exciting.”
After the first plane hit the World Trade Center, Nekoosa native Harry Blount and his co-workers fled their building, just across the street. Blount stood on the sidewalk looking up as the second plane hit.
"One of the things about 9/11 that transformed me is I realized if people had better access to information, they could make better decisions in general," said Blount, who left New York several years later and is now running a start-up company in San Francisco.
If all of the relevant data had been collected and analyzed — the previous attempts on the World Trade Center, the fact that non-pilots were taking commercial pilot training classes — the events of 9/11 might have been predicted, Blount said.
Blount will speak Thursday at a lunch meeting of the CFA Society of Milwaukee about how his start-up, Discern Group Inc., mines public data and applies algorithms to find signals that investors can use to make more informed decisions. Discern raised $20 million of venture capital funding in September in a round led by Palo Alto-based Artiman Ventures.
"In an ideal world, to make the best decision you'd have all the information in one place," Blount said. "You would have persistent processes to continually scan and monitor data asking questions investors care about and you would get notified immediately when the answer to a question was identified."
CNBC's Rick Santelli discusses the state of growth in the economy with Chip Dickson, Director of Research & Strategist at Discern Investment Analytics.
DISCERN's Chip Dickson discusses the consumer economy on CNBC's Santelli Exchange, as more than half of the American workforce remains unemployed.
CNBC's Rick Santelli speaks to Chip Dickson, Discern Investment Analytics, about global growth, central bank policy around the globe and consumer spending.
“There’s so much information out there, that if you’re not focused on the right information, then you will continue to be surprised.”
For investment professionals, the performance of one Texas oil well during a single day could be an easy item to overlook when it is buried among billions of other data points.
CNBC's Rick Santelli speaks to our Director of Strategy, Chip Dickson, about slow consumer credit and its impact on housing, autos and student loans...
Chip Dickson, Director of Strategy at DISCERN, dishes with Rick Santelli on CNBC about China's economic transition and U.S. Fed Policy on interest rates.
SNL is the fourth and largest real estate data partner to join the DISCERN platform. As a DISCERN data partner, SNL brings both real estate and financial data to the platform. This includes up-to-date information on consensus estimates, NAV, FFO, and AFFO, in addition to monitoring debt ratios, property occupancy rates and executive compensation...