In The Type proclaims progress at Christmas

Manchester-based fast fashion retailer In The Style reported strong growth during the Christmas trading period, the eight weeks ended December 31, 2021.

Gross order value (GOV), a pre-returns metric that reflects underlying customer demand, rose 41.4% over last year’s output to £15.2m.

In the Style has also announced that CFO & COO Paul Masters is to step down in March 2022 “to focus on his health” and that he will be succeeded by Richard Monaghan this month.

Total net sales increased by 21.5% to £11.2m or a total of 225.9% on a two-year basis.

Growth continues to be driven by a very strong performance across the group’s direct-to-consumer e-commerce channel, which includes the In The Style website and proprietary app. DTC net sales, or sales after customer returns, rose 34.5% year-on-year to £9.1m, up 204.7% on a two-year basis.

Revenue from the In The Style app grew 72.3% year over year and accounted for 67.1% of total revenue for the period.

According to In The Style, this positive momentum has been underpinned by the continued expansion of its differentiated influencer model, including a number of well-received launches of new influencer partnerships and highly successful collection launches with existing influencer partners.

The Group also saw very strong consumer demand in its partywear and seasonal products categories, particularly in its very popular holiday family pajama ranges and charity Christmas jumper collection.

The group’s wholesale channel, which includes both digital and retail partnerships including Asos, Lipsy and Asda, has continued to perform well and is in line with management’s expectations.

In The Style said that following positive sales performance over the holiday period, the group expects to deliver strong sales growth in the range of £55m-57m for the financial year ended 31 March 2022 (FY22), in line with market expectations .

It also noted that global supply chain constraints continue to add cost pressures as well as increased transit times. Unpredictable delivery times have sporadically impacted the Group’s launch schedule, resulting in shorter selling times for some ranges.

This has resulted in increased discount levels to clear some ranges ahead of later launches and the Group currently expects some launches planned for Q4 to fall in FY23, resulting in a lower volume of full price launches will lead in the fourth quarter.

Due to these supply chain constraints, the board now expects to report an adjusted EBITDA margin for FY22 in the range of 1% to 2%.

Sam Perkins, CEO of In The Style commented, “The group has continued its excellent growth and delivered strong revenue performance during an important golden quarter. This result came despite the well-documented uncertainties faced by both consumers and retailers during the period and is a testament to the appeal of the In The Style brand, the continued positive momentum across several key customer metrics and the success of our recent influencers -Cooperations.”

State to allocate $700M to stimulate development, enhance public well being: Right here’s the place the cash goes

Governor Phil Murphy and the legislature agreed on Friday to allocate nearly $ 700 million to stimulate economic growth and improve public health.

The funding will provide $ 435 million from the New Jersey Debt Defeasance and Prevention Fund and $ 262.6 million from the American Rescue Plan’s State Fiscal Recovery Fund.

The proposals were made by the Ministry of Finance to the Joint Budgetary Supervisory Committee for approval, which is expected.

“This proposal will allow us to responsibly finance construction and continue to use federal dollars for one-time, transformative investments in our residents, communities and infrastructure,” said Murphy.

The following are the proposed capital construction projects to be supported by the New Jersey Debt Defeasance and Prevention Fund:

  • New Jersey Windport and Port Infrastructure ($ 345 million): Funding for the wind port and related projects is provided by the Economic Development Authority, the Department of Transportation and the South Jersey Port Corp.
  • Rowan University School of Veterinary Medicine / Cooper Medical School ($ 90 million): Support school.

The following are the 13 proposed projects to be supported by the State Fiscal Recovery Fund of the American Rescue Plan:

  • Hackensack University Medical Center ($ 100 million): Supporting the Hackensack University Hospital, which was certified as a level 1 trauma center in the fall of this year, in its efforts to strengthen the regional infrastructure for emergency health care. HUMC must submit a preparedness improvement plan subject to the conditions listed for the other Level 1 trauma centers.
  • Supply Chain Disruption Funding ($ 40 million): Established a program run by the Department of Community Affairs and the Housing and Mortgage Finance Agency to fill COVID-induced funding gaps in already underwritten and ongoing projects for affordable housing and community development.
  • Implementation of the Eviction Prevention Program ($ 37.5 million): Targeted support for people who need help most urgently with the application, as well as temporary workers in assessing eligibility and determining and paying out support benefits, in addition to other tasks that are crucial for the success of the program.
  • Greenway Acquisition ($ 25 million): To support the state’s efforts to purchase this transportation corridor in Essex and Hudson counties. These funds will complement funds from the Green Acres State Land Acquisition program.
  • Inspira Health ($ 20 million): Support Inspira Health’s proposed acquisition of Salem Medical Center, which will improve emergency preparedness and pandemic preparedness for this community.
  • Commuter Hub COVID-impacted Redevelopment Program ($ 10 million): Supporting retail and pedestrian activities in urban areas with public transport that have suffered economic damage from the decline in commuting due to the pandemic. This program would split funds between the Casino Reinvestment Development Authority and the Economic Development Authority for two targeted initiatives.
  • Pennsauken Community Center ($ 10 million): Help build a new community center in Pennsauken Township that will facilitate access to social services and mitigate the impact of the health emergency on education and child welfare.
  • RWJBarnabas Health ($ 5 million): Assisted RWJBH and Rutgers University Behavioral Health with programming related to the increased need for behavioral health due to the pandemic.
  • Wally Choice Community Center ($ 5 million): Support pandemic-related efforts (including education and social services) at this Glenfield Park facility.
  • Corporate Marketing Initiatives ($ 5 million): To help the state expand implementation of a marketing program to highlight the benefits of doing business in New Jersey while the state works to recover from the economic impact of the pandemic.
  • Atlantic Health ($ 3 million): To modernize and renovate the emergency room at Morristown Medical Center so the facility is better able to cope with the current pandemic and future infectious disease outbreaks.
  • Alexander Hamilton Visitor and Education Center at the Great Falls of the Passaic River ($ 2 million): Funding of eligible costs for this tourism-related project at the National Historical Park in the city of Paterson.
  • Vernon Parish ($ 100,000): To support community health efforts related to environmental remediation.

Previous articleInaugural Symposium on the Condition of the Food System in Stockton on Friday

David Roche on China Covid outbreak hitting progress, markets

Medical staff are working on the sixth round of the Covid-19 test since the end of July in Nanjing, east China’s Jiangsu Province, on Sunday, August 8, 2021.

Feature China | Barcroft Media | Getty Images

China has tightened Covid-19 measures to combat a surge in daily cases – a move that could curb the country’s economic growth and hurt its stock markets, veteran strategist David Roche said.

Investor sentiment towards Chinese stocks was boosted by Beijing’s regulatory crackdown on sectors such as technology and Tutoring after school.

“The markets have gotten into the mindset that Covid is very … bad, but the economic recovery is picking up locks, removing social restrictions – this is something of the world recipe right now,” said Roche, President and Global Strategist, Independent Strategy. said CNBCs “Road signs Asia” on Tuesday.

“Well, it is not the world recipe in China for good reasons, and so markets have to accept that it has an economic cost not just within China but globally,” he added.

I think China is about to end its great recovery story from Covid …

David Roche

President and Global Strategist, Independent Strategy

The country’s National Health Commission reported 143 new Covid cases in mainland China on Monday – the highest number of daily infections since January, according to Reuters. Attributed to Chinese State Media the recent resurgence of infections on the highly transmissible Delta variant.

Chinese authorities ruled last week Mass tests in Wuhan city – where the coronavirus was first discovered – and imposed widespread restrictions on movement in major cities, including Beijing.

Some economists have raised concerns about China’s “zero tolerance” approach to Covid, which refers to the country’s aggressive crackdown on relapses in Covid cases. The approach, which includes rigorous lockdowns and mass testing, helped China keep previous outbreaks under control before the recent resurgence.

Read more about China from CNBC Pro

But the Delta variant is more contagious and could be more difficult to contain – and that could hurt China’s economic recovery, economists warn.

“If lockdowns and vaccination advances do not allow local economies to reopen by mid-August or early September, we will have to rethink our GDP forecast of 8.8% for 2021,” wrote economists at Australian bank ANZ in a report on Tuesday.

China effect on the world economy

Any disruption in the Chinese economy could affect global economic growth, Roche said.

The strategist stated that wider lockdowns across China could disrupt global supply chains – many of which are in the country.

This could affect international trade, increase the cost of some goods, and raise inflation expectations around the world, he added.

Roche expects China’s year-over-year growth to slow to 2 to 3% in the third quarter 7.9% expansion in the second quarter.

In the longer term, China’s economic growth will level off at around 5 to 6%, according to Roche.

“I think China is about to end its great recovery story from Covid, which of course is ahead of the world … and is now converging on a long-term growth path that is much, much lower than what people are used to after China,” said he.

Home Cash: On line casino Operators Are Promoting Their Properties to Wager on Progress

Aria Resort & Casino, owned by CityCenter, is slated to be owned by Blackstone Real Estate.

Courtesy MGM Resorts International

Text size

Casino operators continue to sell their properties as their focus is on operating, not owning, real estate.

The latest example:

MGM Resorts International

(Ticker: MGM) said earlier this month that it would pay $ 2.1 billion for the remaining 50% stake in CityCenter on the Las Vegas Strip that it does not own so that it can then sell it.

CityCenter, which MGM Resorts has managed and is part of with Infinity World Development Corp. The Aria Resort & Casino and the Vdara Hotel & Spa owned 50% of the shares.

After the deal is finalized, MGM resorts will plans to sell these properties to fund-managed Blackstone Real Estate for $ 3.9 billion. MGM will continue to operate these properties.

More businesses of this type are likely, in part because they allow companies like MGM Resorts to raise capital to invest in projects aimed at greater growth.

Review & preview

Every weekday evening we shed light on the momentous market news of the day and explain what is likely to matter tomorrow.

In a recent notice, real estate research firm Green Street wrote that “There are other assets in Las Vegas that operators could monetize at attractive prices in a post-Covid environment”.

Cedrik Lachance, director of REIT research at Green Street, recently told Barron’s that the pricing of the deal reflects the growing premium being placed on Las Vegas real estate. The city has benefited from an increase in leisure travel this year after a difficult 2020 due to Covid. Hotel occupancy was particularly high on the weekend.

Blackstone plans to acquire the two CityCenter properties for $ 3.9 billion, or 18.1 times the initial annual rent of $ 215 million MGM will pay. In other words, the reciprocal of this ratio – or the cap rate as it is known – is about 5.5%.

In contrast, if

Las Vegas Sands

(LVS) announced in March that it was the Venetian and other properties

VICI properties

(VICI) for $ 4 billion, the cap rate was around 6.25%, according to Lachance. In other words, the rental price for the latest deal is higher than Las Vegas Sands earlier this year. That undoubtedly reflects how much more uncertain things were for the city at the time regarding the Covid situation.

Still, according to Lachance, “the gambling business is very cheap for us, both public and private” – the public market is REITs.

Outsourcing real estate is not new to casino operators as they increasingly prefer an asset-light model in which they operate but do not own real estate.


MGM growth properties

(MGP), for example, was chosen as a path for

MGM Resorts International

Discharge real estate. In May it is Companies announced that it plans to sell the resort’s Springfield, Massachusetts property

MGM growth properties

for $ 400 million – the latest in a series of sales it made.

MGM Resorts International has the largest number of hotel rooms in the world Stripes.

Stocks of MGP Growth Properties, which are returning 5.6%, are up about 22% including dividends through July 14 this year, up from about 17% for the S&P 500. MGM Resorts International’s stock has gone down slightly better developed with a plus of about 27%.


VICI properties

owns, among other things, Caesars Palace on the Las Vegas Strip. VICI stock, with a yield of 4.2%, is down about 25% this year through July 14th.

Write to Lawrence C. Strauss at lawrence.strauss@barrons.com

Residence Depot, Lowe’s flip focus to dwelling professionals to propel development

Home Depot has a flatbed distribution center in the Dallas area. It is opening more facilities across the country to handle the bulk of homeworkers’ orders.

Melissa Repko, CNBC

In a huge warehouse in Dallas, a fleet of forklifts transports large and bulky home improvement supplies from drywall and concrete to wood. Freight wagons cross the huge facility on a railway line. Trucks prefer, ready for loading.

Home depot‘s facility – which could accommodate about 14 professional soccer fields – is helping the company expedite store shelves to be replenished and purchases delivered to customers’ doors. Getting more business from electricians, remodelers, and other home improvement enthusiasts, especially those who place large orders, is an important part of the retailer’s strategy.

The pandemic has fueled a hot real estate market and a penchant for “nesting”. Tailwind for Home Depot and Lowes. As Covid-19 cases drop in the US and homeowners spend more time on planes or at parties, the biggest business opportunity is home improvement sales growth.

Home Depot has historically sourced more of its business from these more lucrative and frequent buyers, but Lowe’s is also trying to attract more professionals. About 45% of Home Depot’s total sales come from professional customers versus about 20 to 25% at Lowe’s, the companies say.

Over the past few months, executives at both companies have said they see a lot of catching up to do on professional projects as people are comfortable inviting contractors into their homes and eating and traveling more rather than a list of do-it-yourself Check off projects.

“They all have very good books when they talk to the professionals,” said Ted Decker, president and chief operating officer of Home Depot. “You all have arrears.”

Home improvement retailers need to ensure that they have sufficient inventory to meet this demand, even when the supply chain has challenges – like congested ports. Delay deliveries.

A customer wearing a protective mask loads wood at a Home Depot store in Pleasanton, California on Monday, February 22, 2021.

David Paul Morris | Bloomberg | Getty Images

On the hunt for bigger customers

For years, Home Depot has positioned itself as a convenient alternative to ordering from specialist retailers for professionals. It has doubled with that a $ 1.2 billion supply chain investment, This includes the opening of a network of flatbed distribution centers like the one in Dallas.

Four have so far opened in Dallas, Baltimore, Miami and Newark, New Jersey, and three more will open later this year in Atlanta, Houston and Tampa, Florida. Each facility can hold a large amount of inventory, such as B. hold a larger selection of shingles and deliver orders directly to a project location.

With the massive facilities, Decker said, Home Depot is chasing down larger professionals who only occasionally shop with the company.

“As a sole proprietorship or a father-and-son team, we may have practically all of her wallet,” he said. “The bigger the professionals get, the more we are, however, more of a substitute merchant. They get their main material requirements for a larger order from one of these unequal competitors.”

Home Depot recently started its pro business with. expanded the takeover of HD Supply, a major distributor of home appliances, plumbing, and electrical appliances, for approximately $ 8 billion. It had previously spun off the company.

Decker said Home Depot expects the biggest year-over-year growth numbers to come from professionals in the coming quarters, especially after a year of construction sites closed, consumer remodeling postponed, and DIY projects skyrocketing.

Pro-side growth of the Home Depot business outperformed the DIY side for the first time in a year in the first quarter that ended May 2, Decker said. Combined sale in the same store grew 31% in the quarter.

At Lowe’s, Pro sales growth also outpaced DIY sales in the first quarter, with growth of more than 30% year-over-year. Combined with DIY, same store sales grew nearly 26% in the quarter.

A customer pushes a shopping cart to the entrance of a Lowe’s store in Concord, California on Tuesday, February 23, 2021.

David Paul Morris | Bloomberg | Getty Images

“The pick-up truck professional”

For Lowe’s, resurrecting the professional business was part of CEO Marvin Ellison’s turnaround plan. He said Lowe’s sweet spot was “the pick-up truck professional” and not big corporations.

It has introduced services and perks similar to what Home Depot already had – such as: B. Tool rental and a member-only loyalty program. New brands have also been added and store goods rearranged so that the items needed for the same project are in one place rather than scattered across aisles, saving professionals time.

Fred Stokes, senior vice president of Lowe’s Pro Sales and Services, said these recent investments are already paying off. In a statement, he said Lowe’s had attracted new professionals and increased the wallet share among the existing ones. He said he has “heard from many of our professionals that they appreciate other changes they see”.

A construction worker is remodeling a house in Cambridge, Massachusetts.

Suzanne Kreiter | The Boston Globe | Getty Images

A fragmented market, a growing cake

Lowe’s is gaining ground but is still catching up, said Michael Baker, managing director and retail analyst at DA Davidson. He said the entire difference in sales per store for the two home improvement retailers was due to the gap in the size of the professional companies.

DA Davidson estimates that Home Depot and Lowe’s revenue per average store in 2020 were $ 57.6 million and $ 45.4 million, respectively. That’s because of the huge gap in Pro-per-store sales: $ 24.2 million at Home Depot versus $ 9.5 million at Lowe’s.

Still, he said, Lowe has a better chance. He ranks Home Depot stock neutral, with a target price of $ 317 – below its closing price of $ 322.70 on Friday. On the flip side, he rates Lowe’s stock as a buy and has a target price of $ 217, above Friday’s close of $ 195.71.

“Lowe’s DIY business is as strong as Home Depot’s,” said Baker. “So in theory there is no reason why your business shouldn’t be pro-business. You just have to invest and build it over time.”

Brian Yarbrough, senior research analyst at Edward Jones, said the competition between the two was not a “zero-sum game.” Home Depot and Lowe’s have a diverse mix of competitors, ranging from local mom and pop hardware stores to specialty retailers like wood warehouses and power utilities. This fragmented market enables them to attract new customers and poach them from one another, he said.

Plus, Home values ​​are rising and that is inspiring renovation projects. Baker said this means a bigger pro market for both retailers. “The overall cake is growing,” he said.

In-flight Leisure Techniques Market | $ 296.24 million progress anticipated throughout 2021-2025

Technavio’s in-depth market research reports include value chain analysis and validation techniques to help industry leaders improve their businesses.
Download the FREE sample report

The report on the In-Flight Entertainment Systems market offers a holistic update, market size and forecast, trends, growth drivers and challenges, and vendor analysis.

The report offers up-to-date analysis on the current global market scenario and the overall market landscape. The market is being driven by factors such as increasing passenger volume, increasing demand for media and connectivity for a better travel experience, as well as technological advances and partnerships.

In-flight entertainment systems market analysis encompasses product and geographic landscape segments. This study identifies the growing trend of BYOD on-board aircraft as one of the main drivers for the growth of the in-flight entertainment systems market over the next several years.

This report provides a detailed picture of the market through study, synthesis and summary of data from multiple sources through an analysis of the key parameters.

The in-flight entertainment systems market encompasses the following areas:

In-Flight Entertainment Systems Market Size
Market forecast for inflight entertainment systems
Market analysis for in-flight entertainment systems

Mentioned companies

  • Burrana Pty Ltd.
  • FDS Avionics Corp.
  • GOGO LLC
  • Honeywell International Inc.
  • Inmarsat Group Ltd.
  • Panasonic Corp.
  • Saffron SA
  • Thales group
  • Global Eagle Entertainment Inc.
  • Viasat Inc.

Related communications services reports include:

Global OOH Digital Market – The OOH Digital Market is segmented by application (retail, leisure, banking, transportation, and others), type (in-store and outdoor advertising), category (billboards, lodging, transit and street furniture), and geography ( APAC, Europe, MEA, North America, and South America).
Download the FREE sample report

Global Mobile Advertising Market – The mobile advertising market is broken down by Type (Display, Search, and SMS), Geography (APAC, Europe, MEA, North America, and South America) and major providers.
Download the FREE sample report

Key topics covered:

Summary

Market landscape

  • Market ecosystem
  • Value chain analysis

Market dimensioning

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Forecast for 2020-2025

Five forces analysis

  • Five forces analysis
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Newcomer threat
  • Threat of replacement
  • Threat of rivalry
  • Market condition

Market segmentation by product

  • Market segments
  • Comparison by product
  • Hardware Market Size and Forecast 2020-2025
  • Connectivity – Market size and forecast 2020-2025
  • Content – Market size and forecast 2020-2025
  • Market opportunity by product

Customer landscape

Geographical landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Main leading countries
  • Market opportunities by geography
  • Market leader
  • Market challenges
  • Market trends

Provider landscape

  • Provider landscape
  • Overview of the provider landscape
  • Recovery phase
  • Landscape disturbance

Supplier analysis

  • Covered providers
  • Market positioning of providers
  • Burrana Pty Ltd.
  • FDS Avionics Corp.
  • Global Eagle Entertainment Inc.
  • GOGO LLC
  • Honeywell International Inc.
  • Inmarsat Group Ltd.
  • Panasonic Corp.
  • Saffron SA
  • Thales group
  • Viasat Inc.

appendix

  • Scope of the report
  • Currency conversion rates for US $
  • Research methodology
  • List of abbreviations

about us
Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and includes more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

Contact
Technavio research
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E-mail: [email protected]
Website: www.technavio.com/
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SOURCE Technavio

Jessica Alba sees subsequent stage of development forward for The Sincere Firm

Actress and founder Jessica Alba said the Honest Company’s public debut on Wednesday will usher in a new phase of growth for the consumer goods company.

“I think this is really where we are really looking at this next phase of growth and this is the beginning for us in many ways,” said Alba at CNBC “Squawk Box.”

She started the company a decade ago, starting with baby products. Since then, the company’s product portfolio has been expanded to include make-up, sunscreen and cleaning products – all with the promise of transparency with regard to its formulas. This promise has made it a target of criticism in the past not to meet this standard.

Last year, Honest’s net sales increased 27.6% to $ 300.5 million, and the company reduced its net loss to $ 15 million.

Around 55% of sales come from digital orders, CEO Nick Vlahos told Andrew Ross Sorkin. Honest’s use of social media, especially on Alba’s own accounts, has helped drive this digital growth.

“Social media has been a strategic marketing channel for us,” said Alba, who is known for her roles on the television series “Dark Angel” and in films such as “Fantastic Four”.

“This is where we build a community and from day one, community engagement is at the core of one of our values ​​for what we build.”

The IPO was priced at $ 16 per shareThis gave the company $ 1.44 billion in value and grossed $ 412.8 million. According to regulatory filings, Honest plans to use the proceeds for general corporate purposes, including acquisitions. It is traded on the Nasdaq with the ticker “HNST”.

Illinois economic system shrinks 4% in 2020 regardless of 4th quarter progress Leisure, hospitality sectors hardest hit

SPRINGFIELD – The Illinois economy contracted 4 percent in 2020 as the COVID-19 pandemic wreaked havoc in many sectors, although there were signs of a recovery towards the end of the year.

These preliminary figures, released last week by the U.S. Department of Labor’s Bureau of Economic Analysis, showed that the leisure, hospitality and hospitality sectors were hit hardest by the pandemic, seeing economic output declined nearly 30 percent for the year.

This was due to the forced closure of bars, restaurants, theaters, amusement parks and most tourist attractions in the early stages of the pandemic, as well as the cancellation of major conventions and business meetings.

“You look at the different industries, many of which have been affected by COVID, but I don’t think any industry has been as hard hit as hotels and tourism,” Michael Jacobson, executive director of the Illinois Hotel and Lodging Association, said during an interview . “We saw the impact kick in before some people even realized what COVID was because conventions and large-scale meetings were canceled. And unfortunately, the same events that really are the lifeblood of our industry will be some of the last events, which start again. “

According to BEA, real GDP fell in all 50 states and the District of Columbia in 2020. Utah performed best, shrinking 0.1 percent, while Hawaii’s state economy contracted 8 percent. The average contraction rate for the US as a whole was 3.5 percent.

Housing and meal services contributed to the declines in all 50 states and DC, and they were key contributors to the declines in 38 states plus DC

Other industries that suffered in Illinois were transportation and storage, down 14 percent; Non-government services down 12.3 percent; Production down 7.3 percent; Wholesale Down 5 Percent; and retail by 2.3 percent.

The only bright spot in the state’s economy was the agricultural sector, which grew nearly 68 percent year over year. This was largely the result of a bad crop year in 2019, followed by a good one in 2020.

However, if the numbers are broken down on a quarterly basis, the biggest decline in economic output was in the April-June 2nd quarter, when Illinois was under the toughest economic restrictions. The economy began to pick up in the third quarter and grew at an annual rate of 3.5 percent in the fourth quarter.

However, the recovery has not been felt in all sectors and the leisure and hospitality industries continue to suffer.

Jacobson says he doesn’t expect the hotel industry to fully return to pre-pandemic levels by anytime in 2024. The question for his industry is how many hotels could financially survive up to this point in time.

“I mean, you’ve seen some very notable hotel names across the state, with the Palmer House being one of our largest hotels in the state and obviously the most notable one to have been foreclosed,” he said. “But if a hotel this size owned by one of the big real estate investment firms can be foreclosed, imagine how badly the little folks who own most of the hotels in our state are suffering.”

Capitol News Illinois is a not for profit, impartial news service that covers the state government and is distributed to more than 400 newspapers nationwide. It is funded primarily by the Illinois Press Foundation and the Robert R. McCormick Foundation.

Greater Gold Value Is Not Correlated To Cash Provide Development

Indeed, it is considered almost biblical canon that a huge increase in money supply will inevitably lead to a huge increase in money supply Gold price. Historical examples of France in the late 18th century, Germany (Weimar Republic) in the 1920s, and more recent Zimbabwe or Venezuela are often cited as evidence of the relationship between money supply growth and its effect on the price of gold.

However, this is not the case. Below is a table showing the relationship of Gold prices on the monetary base from 1918 …

Since the gold price peak in 1980, the rate has fallen sharply. The low point (0.28) was reached in December 2015. All of this decline occurred in the context of quantifiable greater growth in the supply of money and credit.

More tellingly, all of this decline occurred while the price of gold rose from $ 850 to $ 2000 an ounce. The decline in the ratio occurred between 1934 and 1970 while the price of gold remained fixed at $ 35 an ounce.

So we have a steady rise in the price of gold, but the ratio of the price of gold to the monetary base continues to decrease. Seems like it should be the other way around. Or maybe it is not the growth in the money supply that determines the price of gold. Perhaps the price of gold reflects something other than the amount of money.

Indeed it is. The higher gold price correlates with the loss of purchasing power of the US dollar.

It is equally important that the US dollar’s loss of purchasing power is NOT quantifiable and predictable. In other words, doubling the money supply over a period of time does not necessarily mean that the US dollar will lose half of its purchasing power.

The expansion of the supply of money (and credit) is inflation. The effects of this inflation, such as the loss of the US dollar’s purchasing power, are volatile and unpredictable.

(Read more about the US dollar and the price of gold in my article Gold and US dollar hegemony.)

Kelsey Williams is the author of two books: INFLATION, WHAT IT IS, WHAT IT IS NOT AND WHO IS RESPONSIBLE FOR IT and Everyone welcomes the FED!

If You Like EPS Progress Then Examine Out World Wrestling Leisure (NYSE:WWE) Earlier than It is Too Late

It is only natural that many investors, especially those new to the game, prefer to buy stocks in “sexy” stocks with a good history, even if those companies are losing money. But as Warren Buffett mused, “If you’ve been playing poker for half an hour and still don’t know who the patsy is, you are the patsy.” Too often, when buying story stocks like this, investors are the patsy.

In contrast, I prefer to spend time with companies like World Wrestling Entertainment ((NYSE: WWE), which not only has sales but also profits. Well, I’m not saying the stock is necessarily undervalued today; But I can’t shake the appreciation for the profitability of the business itself. While a well-funded business can suffer years of losses, it must ultimately make a profit or take its last breath unless its owners have an endless appetite for subsidizing the customer.

Check out our latest analysis for World Wrestling Entertainment

How fast is World Wrestling Entertainment growing?

In the long run, if you think the markets are even vaguely efficient, expect a company’s stock price to track earnings per share (EPS). This makes EPS growth an attractive quality for every company. For one thing, I’m overwhelmed by the fact that World Wrestling Entertainment has increased EPS by 58% per year for the past three years. This type of growth never lasts long, but like a shooting star, it is worth watching when it happens.

One way to examine a company’s growth is to examine how sales and earnings before interest and taxes (EBIT) are changing. This approach makes World Wrestling Entertainment look pretty good overall. Although sales are flat, EBIT margins improved from 12% to 23% last year. That’s really positive.

The table below shows how the company has grown its profits and sales over time. Click the table to see the exact numbers.

NYSE: WWE earnings and earnings history April 14, 2021

The trick as an investor is to find companies that will perform well in the future, not just in the past. To that end, you can check now and today our visualization of consensus analysts’ forecasts for World Wrestling Entertainment’s future EPS 100% free.

Are World Wrestling Entertainment Insiders Targeting All Shareholders?

Many consider high inside participation a strong sign of coordination between a company’s executives and common shareholders. We’re excited to announce that World Wrestling Entertainment insiders have a significant stake in the business. In fact, insiders are deeply invested in the business, with 41% of the company. I am always comforted by solid Insider Owners like this as it implies that those who run the company are genuinely motivated to create shareholder value. And their stake is extremely valuable at the current share price of $ 1.8 billion. That means they have a lot of their own capital that depends on the performance of the business!

It means a lot to see insiders invest in the business, but I wonder if the compensation policy is shareholder friendly. A brief analysis of the CEO’s compensation suggests that it is. For companies with a market cap between $ 2.0 billion and $ 6.4 billion, such as World Wrestling Entertainment, the average CEO compensation is $ 5.1 million.

World Wrestling Entertainment CEO received US $ 3.5 million in compensation for the year-end. That seems pretty reasonable, especially given the below median score for companies of similar size. CEO compensation levels are not the most important metric for investors, but when compensation is modest, it supports improved alignment between the CEO and common shareholders. It can also be a sign of a culture of integrity in a broader sense.

Does World Wrestling Entertainment deserve a place on your watchlist?

World Wrestling Entertainment’s earnings per share growth has risen higher, like a mountain goat climbing the Alps. The sweetener is that insiders have a mountain of stocks and the CEO’s compensation is perfectly reasonable. The sharp rise in earnings could indicate good business momentum. World Wrestling Entertainment certainly meets some of my criteria, so I think it is probably worth further consideration. You still need to be aware of risks, for example – World Wrestling Entertainment has 1 warning sign We think you should be aware of this.

Of course, you can (sometimes) well buy stocks that don’t increase profits and insiders don’t buy stocks. But as a growth investor, I always enjoy looking at companies that do that to do have these functions. You can access it a free list of them here.

Please note that the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.

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