Thursday, November 1, 2018

Abercrombie & Fitch makeover inspired by millennials



Abercrombie & Fitch has been working hard to refresh its brand in a bid to appeal to millennial shoppers: it's turned up the lights in its stores, ditched its shirtless models, and traded overly sexualized ads for wholesome, outdoorsy images.

"We are not the Abercrombie & Fitch that you once knew," CEO Fran Horowitz said at the company's investor day in April.

And it seems to be working: In August, Abercrombie & Fitch reported its third consecutive quarter of positive same-store sales growth for its namesake label.

Read more: 'We are not the Abercrombie & Fitch that you once knew': Before-and-after photos reveal how the store has changed

Horowitz and her team have been insistent about no longer being seen as a retailer just for teens, an audience that its sister brand, Hollister, is targeted exclusively toward.

In a recent interview at the WWD Apparel & CEO Summit, Horowitz provided a glimpse into how she stays in tune with the millennial shopper: via her 25-year-old daughter.

"She keeps me very close to who our consumer is," she said.

Horowitz added that there are over 2,000 associates working at the company's main headquarters in New Albany, Ohio, who are 27 years old on average.




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These are the world's 20 most dangerous countries, a new report finds



In terms of organized crime, terrorism, homicide and reliability of police forces, the US ranks as the 56th safest country in the world, falling just below China at 55.

Russia comes in at 105, just below Kenya and a few dozen spots beneath Bosnia.

An Oct. 16, 2018 report by the World Economic Forum shows that countries that enjoy more security also enjoy better economic development.

The most dangerous countries, shown in the next 20 photos, are rife with terrorism, economic insecurity, and have some of the worst homicide rates in the world. Read more about them below:






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Kudlow, Trump adviser, on minimum wage, Medicare, China trade war



Larry Kudlow, President Donald Trump's top economic adviser, said on Thursday that he does not believe the federal government should set a minimum wage.

"My view is a federal minimum wage is a terrible idea, and will damage, in particular, small businesses," Kudlow said a Washington Post even on Thursday.

The former Wall Street economist and CNBC host argued that variances between states makes the federal standard impractical and onerous.

"Idaho is different than New York. Alabama is different than Nebraska," Kudlow said. "That's why the federal minimum wage doesn't work for me."

The federal minimum wage is currently $7.25 an hour (which comes out to roughly $15,000 a year), where it has been since 2009, but the buying power of that wage has eroded over the past nine years. While 29 states have increased their minimum wage above the federal minimum, Democrats and labor groups have argued that the current minimum wage does not provide a living wage and should be increased to $15 an hour.

Kudlow said at the event that he would oppose any deal to raise the federal minimum wage and said the best way to boost average worker pay was to cut corporate taxes.

The GOP did include a large corporate tax cut in the massive tax reform law passed in 2017. But while wage growth is continuing on the post-financial crisis upward trend, there has been little evidence that wages have suddenly jumped above that long-run growth trend due to the cut.

Kudlow also addressed a series of other topics ranging from the trade war to Social Security cuts. Here's a quick breakdown.

  • On the planned meeting between Trump and Chinese President Xi Jinping: In an earlier interview with CNBC, Kudlow weighed in on the US-China trade war situation. While there have been reports of additional tariffs, the adviser said "nothing is set in stone right now." In addition, Kudlow expressed hope for talks between Trump and Xi that are set to take place at the G20 meetings in Argentina this month. "It is possible some good positive things could — I say could — come out of President Trump-President Xi talks," he said.
  • On the GOP's desire to cut Social Security, Medicare, and Medicaid: While Republicans leaders like Mitch McConnell have suggested that Congress should cut the large programs to wrangle the deficit, Kudlow said Trump had "no plans to touch the large entitlements."
  • On Trump's attacks on Federal Reserve Chairman Jerome Powell: Kudlow said that Trump had "not yet" called Powell directly to direct his displeasure with the recent interest rate increases. Trump has leveled a series of attacks agains Powell and the Fed.



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When do Black Friday sales start?



The holiday shopping season is upon us, with Black Friday just around the corner.

For those of you planning to hit the stores over the holidays, we have compiled a complete list of opening times on Thanksgiving and Black Friday.

A growing number of retailers including Home Depot and Costco are protesting the so-called Black Friday "creep," a trend in which stores have been opening earlier and earlier every year on Thanksgiving Day.

Plenty of retailers, such as Target and Macy's, are still planning to hold doorbuster sales on Thanksgiving, however.

Here's the list of retailers' holiday hours that have been announced so far. We will add to this list as more stores announce their hours.

  • Belk: Open 4 p.m. on Thanksgiving to 1 a.m. on Black Friday. Will reopen 6 a.m. on Black Friday.
  • Best Buy: Not yet announced.
  • Big Lots: Not yet announced.
  • Costco: Not yet announced.
  • Dick's Sporting Goods: Open 6 p.m. on Thanksgiving to 2 a.m. on Black Friday. Will reopen 5 a.m. to 10 p.m. on Black Friday.
  • Dollar General: Open 7 a.m. to 10 p.m. on Thanksgiving. Will resume normal operating hours on Black Friday.
  • GameStop: Not yet announced.
  • hhgregg: Not yet announced.
  • Home Depot: Open 6 a.m. Black Friday.
  • JCPenney: Not yet announced.
  • Kmart: Not yet announced.
  • Kohl's: Open 5 p.m. on Thanksgiving. Will remain open until normal closing hours on Black Friday.
  • Lowe's: Not yet announced
  • Macy's: Open 5 p.m. on Thanksgiving to 2 a.m. on Black Friday. Will reopen 6 a.m. to 10 p.m. on Black Friday.
  • Marshalls: Not yet announced.
  • Michaels: Not yet announced.
  • Nordstrom: Not yet announced.
  • Office Depot/OfficeMax: Not yet announced.
  • Old Navy: Not yet announced.
  • PetSmart: Not yet announced.
  • Sam's Club: Not yet announced.
  • Sears: Not yet announced.
  • Staples: Not yet announced.
  • Target: Open 5 p.m. on Thanksgiving to 1 a.m. on Black Friday. Will reopen at 7 a.m. on Black Friday.
  • T.J. Maxx: Not yet announced.
  • Toys R Us: Not yet announced.
  • Victoria's Secret: Not yet announced.
  • Walmart: Not yet announced.



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Turkey believes Khashoggi body dissolved in acid after death: report



Turkish officials are reportedly pursuing a theory that Jamal Khashoggi's body was dissolved in acid after his killing.

The Washington Post on Wednesday cited an unnamed senior Turkish official saying that the body could have been destroyed with chemicals either in the grounds of the Saudi consulate or at the nearby consul-general's home.

Authorities found biological evidence in the consulate garden, the Post reported, which would support the theory that Khashoggi's killers got rid of the journalist's body near where he was killed.

"Khashoggi's body was not in need of burying," the official said, according to the Post.

The news comes as Istanbul's chief prosecutor, Irfan Fidan, said Khashoggi was strangled shortly after he entered the consulate, and his body was dismembered afterward.

Read more: Jamal Khashoggi was strangled then chopped into pieces, Turkey says — the most detailed official account of his death so far

The Saudi consulate in Istanbul, where journalist Jamal Khashoggi died, taken from a skyscraper on October 10.
Murad Sezer/Reuters

The acid theory contradicts a claim by unnamed Saudi officials to Reuters and the Associated Press that Khashoggi's body was wrapped up in some kind of fabric and given to a local Turkish collaborator.

Turkey's prosecutor and president, Recep Tayyip Erdogan, has demanded that the Saudis reveal the identity of the collaborator.

But so far the Saudis have not publicly mentioned or identified this person. The senior Turkish official told The Washington Post on Wednesday that his country's investigators do not believe this person exists.

Saudi Arabia's chief prosecutor, Saud Al Mojeb, visited Istanbul from Monday to Wednesday this week, ostensibly to share intelligence on the Khashoggi's death and killers.

But Mojeb neither provided the location of Khashoggi's body nor identified a local conspirator.

Read more: Saudi Arabia hopes the world will forget about Jamal Khashoggi's killing, and still hasn't answered simple questions about his death

A composite image of Saudi Crown Prince Mohammed bin Salman and Turkish President Recep Tayyip Erdogan.
Hamad I Mohammed/Reuters; Ali Unal/AP

Turkish authorities may have been pursuing the acid theory for weeks. Two weeks ago Sky News cited an unnamed source close to the investigation as saying that Khashoggi's body might have been destroyed in a "very fast-acting chemical acid."

Other news outlets, including the Guardian, also cited Turkish investigators or officials as saying that Khashoggi's dismembered remains were transported to the official residence of Saudi Arabia's consul in Istanbul, Mohammed al-Otaibi.




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Avoid crowds in Caribbean, Mediterranean, with a cruise ship calendar



I hate cruise ships. Personally I think they are the worst way to travel — overpriced for their value, boring, bad food, bad for the environment, and never providing enough time to enjoy a destination. You end up spending a whole lot of time staring at an overcrowded pool, the endless ocean, and a smelly cramped cabin.

But I'm not myopic enough to think everyone shares that view. In fact, cruise tourism is at all time high with an expected 27.2 million passengers this year, according to The Telegraph, up from 17.8 million in 2009.

That's good news for Carnival, Royal Caribbean, and Norwegian's bottom lines. But it's bad news for those of us who want to hopefully (hopefully!) avoid the overtourism that plagues hot cruise ship stopping points like Mallorca, Venice, and the Galapagos Islands, among other places.

Dubrovnik, Croatia, is a popular spot for cruise ships.
Gaspar Janos/Shutterstock

Thankfully, I found a hack a few years ago when planning a trip to Croatia — a destination that has only recently become overrun with cruise ships — that has helped me avoid much of the crowds.

Before booking my dates, I consulted a cruise ship calendar like those on CruiseCal, CruiseTT, or Crew Center. Such calendars will show you how many cruise ships are in port on certain days and the passenger load of each ship.

While it's pretty much impossible to avoid every cruise ship that's coming into port for certain locations (like Dubrovnik, Croatia), you can navigate your way to less busy days.

Read More: I visited the glittering Greek island of Mykonos, the summer destination of choice for billionaires — and it's a very different experience if you aren't swimming in money

Or you can plan your big sightseeing days on days when fewer cruise ships are in port. There's nothing worse than trying to scale Dubrovnik's breathtaking city walls on a day when four or five cruise ships-full of people are trying to do the same thing.

Using CruiseTT helped me avoid crowds as I visited Split, Dubrovnik, and Hvar Island in Croatia and Kotor, Montenegro, all top cruise ship stopping points. I simply booked my dates for each place based on the days when less ships would be in port. It made all the difference.

Unfortunately, I forgot to consult a cruise ship calendar this past summer when I was visiting Mykonos, the Greek island best known as a glamorous destination for the world's wealthy.

It looked a little something like this:

Mykonos Town, overrun with tourists at sunset.
Harrison Jacobs/Business Insider

While it would likely have been impossible to avoid every cruise ship, I had the distinct misfortune of spending two days on the island when there were five cruise ships in port. You could barely move in the Old Town it was so crowded.

If I had come two days later, there would have been one or even zero cruise ships in port.



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Fathers over 45 put the health of both babies and mothers at risk, according to a major new study



older father baby


  • A major study has found that the health of a baby is affected not just by the mother's age, but by the father's, too.

  • Older dads are more likely to father babies who are premature and have other birth complications.

  • Equally, the partners of men over 45 are more likely to develop gestational diabetes than pregnant women whose partners are younger.

Much emphasis is often placed on the age of a mother when it comes to having a healthy baby and a healthy birth, but according to major new research, the age of the father plays a vital role, too.


A major new study suggests that babies born to fathers aged over 45 are more likely to be premature and have an increased risk of birth complications, such as seizures and low weight, than those whose fathers are younger.


The study, carried out by the Stanford University School of Medicine, also found that the age of the father can affect the health of the mother during pregnancy, with older men increasing a woman's chance of developing diabetes.


Researchers analysed data from more than 40 million births between 2007 and 2016 in what is the first major study into older fatherhood.


They found a positive correlation between a father's age and the risk of birth problems — men aged over 45 were 14% more likely to have a premature child than younger dads (aged 25-34), and men aged 50 or older were 28% more likely to father a child who needed to be put in the neonatal intensive care unit.


The findings suggest that above the age of 35, a man accumulates roughly two new mutations in the DNA of his sperm with every year that he ages. Once a man reaches the age of 55, the birth risks increase more sharply.


Researchers were shocked to discover a link between the father's age and the health of the mother, too.


“What was really surprising was that there seemed to be an association between advanced paternal age and the chance that the mother would develop diabetes during pregnancy,” said Michael Eisenberg, MD, associate professor of urology and lead study author.


The partners of fathers aged over 45 were 38% more likely to develop gestational diabetes than those who were younger. The exact reason for this is as of yet unclear, however Eisenberg suspects it may be linked to the mother's placenta.


Read more: Mothers should wait a year between giving birth and getting pregnant again, according to a new study


Statistics show that both men and women are becoming first-time parents increasingly later in life. In the US, 10% of babies are born to fathers aged over 40, which is up from 4% four decades earlier.


Similarly, in the UK one in 20 births are to fathers aged over 45, according to the latest ONS figures.


The new findings come just days after a study confirmed that women don't necessarily need to wait the previously recommended 18 months in between giving birth and getting pregnant again, news which was well received by many women worried about their "biological clock."


"We tend to look at maternal factors in evaluating associated birth risks, but this study shows that having a healthy baby is a team sport, and the father's age contributes to the baby's health, too," said Eisenberg.


However, he stresses that the findings don't necessarily mean you should immediately alter your life plans.


"If you buy two lottery tickets instead of one, your chances of winning double, so it's increased by 100%," he said.


"But that's a relative increase. Because your chance of winning the lottery started very small, it's still unlikely that you're going to win the lottery.


"This is a very extreme example, but the same concept can be applied to how you think about these birth risks."

Join the conversation about this story »

NOW WATCH: A new father invented a baby hammock to prevent sudden infant death syndrome




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