Karolingische Klosterstadt http://karolingischeklosterstadt.com/ Wed, 23 Nov 2022 15:24:02 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://karolingischeklosterstadt.com/wp-content/uploads/2021/05/karolingische-klosterstadt-icon-150x150.png Karolingische Klosterstadt http://karolingischeklosterstadt.com/ 32 32 These are the most violent areas in South Africa http://karolingischeklosterstadt.com/these-are-the-most-violent-areas-in-south-africa/ Wed, 23 Nov 2022 15:05:02 +0000 http://karolingischeklosterstadt.com/these-are-the-most-violent-areas-in-south-africa/

South Africa’s latest crime statistics for the second quarter of the year show an alarming rise in violent crime in the country.

According to Police Minister Bheki Cele, the country had 7,004 reported murders in the three months to September 30, 2022, which equates to 78 people murdered every day in the country.

But the country’s problems are not just about murder – the minister said crime figures show aggression and violence are at worrying levels in South Africa.

“July to September saw a record number of assault cases reported to police in five years. SAPS across the country investigated a total of 85,640 cases of assault with intent to cause grievous bodily harm (GBH) and common assault cases during the three months of reporting,” a- he declared.

Crime data includes the circumstances under which many of these cases occur, and it reveals that South Africans are a generally angry population.

Arguments, road rage, provocation and misunderstandings, along with retaliation, revenge and punishment, remain the primary motives for GBH assaults, Cele said, while murders generally follow the same general patterns.

There are also growing cases of vigilance, the minister noted, with 528 lives claimed through so-called “community justice”.

Crime levels across the country have increased between July and September 2022, with mostly double-digit increases. Cele noted that this is because crime levels are compared to the same period in 2021, when the country was still under high levels of lockdown.

However, even comparing violent crime data to pre-Covid levels, it is clear that cases are on the rise.

Before Covid, the quarterly murder rate was recorded at 9 people per 100,000 population. In the latest figures, this figure has increased to 12 per 100,000. A similar trend is observed with other violent crime categories such as assault (73 per 100,000 in 2Q23 compared to 66 per 100,000 in 2Q22) and attempted murder (10 versus 8, respectively).

Across the country, South Africa has seen a new province emerge as the most violent when it comes to killings.

The Eastern Cape’s murder rate (per 100,000 people) climbed to 19.7 in the quarter, overtaking KwaZulu Natal by some margin. In the comparable period last year, the two provinces were tied at 15.0.

KZN is still the second most violent, with its kill rate climbing to 16.0. Next is the Western Cape at 14.5 and Gauteng at 9.8.

If we look at the top 30 murder stations in the country – these are the police stations closest to where the murder took place and where the crime was reported – Inanda in KZN ranks as the most violent area, with 99 murders recorded in the region.

Then come Umlazi in the KZN, and Nyanga and Delft in the Western Cape.

Mirroring overall provincial murder rates, the top stations for reported murders are dominated by the Eastern Cape, KwaZulu Natal, Western Cape and Gauteng.

Where the murders take place

According to SAPS data, most murders take place in public places, such as on the street, outdoors, in parking lots or on beaches. This is also the case for attempted murder.

However, the second most common location for murders is the victim’s residence or another residence of someone known to the victim. Notably, this is the best place where the GBH assault takes place.

Other common murders, attempted murders, and assault sites include vehicles—either a car, bus, or taxi—or taverns and liquor stores.

Worryingly, Cele noted an increase in the number of mass shootings the SAPS faced. Police have highlighted at least four mass murders that occurred during the period, including three mass shootings and a murder at a farm where seven people were killed in a home robbery.

SAPS is investigating 250 multiple murder cases, with 578 victims, he said.

Firearms are also the main weapon used in murder cases, outnumbering knife murders by a rate of three to one. After guns and knives, the most common lethal weapons are other unspecified sharp objects and blunt instruments.

Given their importance in the South African crime narrative, the SAPS pays particular attention to farm murders in its data. Police have recorded 16 farm murder victims nationwide in 10 incidents.


Lily: Big jump in South Africa’s hijackings – these are the hotspots and the worrying new trend to watch

]]>
Virginia Wine Distributor Steely Can Wine Launches Fourth Wine, Expands Wholesale Operations http://karolingischeklosterstadt.com/virginia-wine-distributor-steely-can-wine-launches-fourth-wine-expands-wholesale-operations/ Mon, 21 Nov 2022 22:02:00 +0000 http://karolingischeklosterstadt.com/virginia-wine-distributor-steely-can-wine-launches-fourth-wine-expands-wholesale-operations/

Sonny’s Songria joins Deacon Red, Kid Chardonnay and Rosé Darling

Steely Can Wine’s new wine is Sonny’s Songria, a sweet red wine blend named for the bassist from Richmond, Va., tribute to yacht rock, Three Sheets to the Wind

With hints of citrus and spice, Sonny’s Songria is a fun and intense wine that pairs well with all things holiday. It’s best served slightly chilled, much like that time between Thanksgiving and New Years.

—Gregg Brooks

RICHMOND, VIRGINIA, USA, Nov. 21, 2022 /EINPresswire.com/ — Just in time for the cooler fall weather in November, Steely Can Wine has added a fourth wine to its lineup, a light sweet red blend and refreshing called Sonny’s Songria.

Gregg Brooks, Team Manager, says, “With a burst of citrus and spice and all-natural ingredients, Sonny’s Songria is a fun, intense wine that pairs well with all things holiday. It’s best served slightly chilled, much like that time between Thanksgiving and New Years.

Sonny’s Songria is the first Steely Can Wine release that verifies a band member’s name instead of referencing one of the bands that feature prominently in the repertoire of Richmond’s yacht rock tribute, Three Sheets to the Wind, which envisioned the wine business in 2021. After the band’s terse bassist Sonny Pockett, wine conjures up images of 1980s Miami’s club scene – when to roll up the sleeves of your linen jacket and wearing sunglasses at night was a must, and unbuttoning the first two buttons of your linen shirt was a good start. The wine label’s neon and palm tree aesthetic, designed by creative director Adam Stockton, helps set the mood.

Also this month, bandmates and “wine takers” officially launched their wholesale operation – yet another way to get their wines into the mouths of thirsty fans. The full range remains available for shipping and delivery from the Steely Can Shop, but now customers on both sides of the James River in Richmond can pick up the brightly colored cans from two local businesses: Barrel Thief Wine & Provisions on Patterson Avenue in Richmond. West End and Outpost Market on Forest Hill Avenue on the south side of town.

For store owners and restaurateurs interested in selling the wines, there is also a wholesale contact form on the Steely Can Shop site.

The cans each hold 375ml of wine, or half a standard bottle. “There is no shortage of canned wines with clever and humorous names, but we looked at our crowd and saw a market for wines that would have been just as appropriate to drink on a California beach in 1978 as to drink by the sea. pool, river or fireside in 2022,” says Brooks, whose work as a private label wine brand developer was a catalyst for the band’s side project.

Brooks had all the knowledge of the wine industry, and other members of the group brought their own expertise as creative directors, digital marketers and sales professionals, so all the pieces naturally came together. in place. While Steely Can Wine may have started out as a little prank between fun-loving band members dreaming up humorous names for canned drinks, it didn’t take long for the band to realize that their idea of canned wine had legs.

The full Steely Can Wine line also includes:

Rosé Darling: Central Coast CA / 13% ABV / 2021 / Aromas of fresh strawberries and tropical fruits, with light citrus notes. Some light floral notes, with bright fruit flavors and minerality. A clean finish with lively acidity.
Kid Chardonnay: Central Coast CA / 13% ABV / 2021 / All steel fermentation. Tropical fruits with hints of pineapple on the nose, crisp mouthfeel with lingering acidity and hints of white peach.
Deacon Red: Lodi CA / 14% ABV / 2020 / Dark garnet color, intense aromas of blueberry with hints of cassis and black cherry on the palate. Full-bodied and well-balanced with a long lingering finish.

Marshal Norton
Wine in steel can
+1 804-874-8236
press@steelycan.com
Visit us on social media:
Facebook
Twitter
Other

]]>
Will cracking down on serial returns solve the retailer return problem? http://karolingischeklosterstadt.com/will-cracking-down-on-serial-returns-solve-the-retailer-return-problem/ Mon, 21 Nov 2022 15:11:15 +0000 http://karolingischeklosterstadt.com/will-cracking-down-on-serial-returns-solve-the-retailer-return-problem/

November 21, 2022

An academic study concludes that targeting serial returns is the smartest route to reducing return costs, because targeting repeat buyers with stricter return policies will likely backfire.

In one experiment, researchers led by Iowa State University asked more than 460 participants to imagine that they were loyal customers of a retailer and planned to return a recent online purchase. Half were told the retailer was reducing its return window for all customers (widespread policy) while the others were told the change would only affect serial returns (targeted policy).

Participants were found to be significantly more likely to speak negatively of the retailer when the policy change was widespread. Additionally, negative word of mouth was significantly related to intentions to change retailers.

In another survey, 100 participants were asked to give their opinion on widespread policy changes versus targeted changes. When the return policy change was targeted (aimed at serial returns), 44% expressed positive emotions, 13% negative emotions, and 43% neutral. Positive respondents often referred to the fairness of the updated policy.

Robert Overstreet, professor of supply chain management at Iowa State, said in a Press release“Respondents largely understood that cheaters increased the price paid by everyone.”

When the change in return policy was generalized, 64% of participants expressed negative emotions, only 2% were positive and 34% neutral. Almost half of participants said they would speak negatively about the change to family and friends (45%) and shop at a different store (42%).

Despite some positive word-of-mouth following the implementation of a serial returns policy, both surveys showed that low-intensity communication for targeted policy change (website update or store signage rather than PR/social media push) led to the best result.

Retailers are tightening their return policies (e.g., shorten return windows, charge return shipping costs) in the context of higher labor, shipping, and storage expenses. According to Pitney Bowes’ BOXpoll survey from earlier this year, online returns cost retailers an average of 21% of order value.

from Narvar The “2022 Returns Benchmark Report” found that 63% of shoppers surveyed admitted to bracketing (buying multiple variations of an item), up from 55% in 2019. A growing number of shoppers (15%) say bracketing is “just the way they buy now. ”

Targeting serial returns to stem a growing problem for retailers – Iowa State University

Narvar Research reveals nearly 25% of consumers will pay for product returns in exchange for convenience – Narvar Search

Is it time to stop the free returns party? – RetailWire

DISCUSSION QUESTIONS: Does cracking down on serial returns make more sense than tightening restrictions on consumers in general? Will better monitoring of serial returns do enough to reduce the cost of returns?

Braintrust

“It’s inevitable that shoppers who relied on liberal return policies will hold a grudge, but a little love is needed to maintain a sustainable e-commerce service.”

wpDiscuz

]]>
Independent petrol retailers slash prices to attract Britons as wholesale costs drop http://karolingischeklosterstadt.com/independent-petrol-retailers-slash-prices-to-attract-britons-as-wholesale-costs-drop/ Fri, 18 Nov 2022 10:47:30 +0000 http://karolingischeklosterstadt.com/independent-petrol-retailers-slash-prices-to-attract-britons-as-wholesale-costs-drop/

Friday, November 18, 2022 10:45 a.m.

Price competition has returned to the pumps, with independent forecourts challenging supermarkets and sites supplied by oil companies with better petrol deals for UK drivers.

Latest data from car group AA reveals petrol prices have fallen to 160p per liter at smaller retailers, saving up to 8p per litre.

This comes amid falling wholesale costs, which have been weighed down by lower oil prices and a stronger pound.

AA’s findings suggest that while Asda was prepared to challenge locations with local competition, other supermarket brands were happy to charge significantly more where local rivals did not put pressure on them.

This allowed independents further afield to offer fuel at significantly cheaper prices.

Despite the price difference between independents and large retailers, average prices have been falling across the UK in recent weeks, following a 2p jump at the end of October.

After averaging 164.47p pa liter in the third week of October, petrol rose rapidly to 166.54p at the end of the month before falling back to 164.42p on Monday – yesterday it was dropped to 163.70p.

Luke Bosdet, the AA’s fuel price spokesman, said: ‘As prices at the pump generally fall, drivers who have located competitive forecourts on their journeys may well have saved 10 pence a liter of petrol compared to what they were paying a fortnight earlier.

On the other hand, diesel is still 4.4 pa liter cheaper on average in a supermarket than at non-supermarket filling stations.

Diesel prices continue to rise amid supply issues and a tight market, with a price gap of more than 20p.

A month ago, diesel prices averaged 187.08p per litre, but rose to 189.02p at the start of the week before falling back to 188.12p yesterday.

Meanwhile, there are fears that fuel taxes will be increased next March.

Tory MPs are demanding assurances from Chancellor Jeremy Hunt that he will not go ahead with a planned increase when the fuel duty cut expires next March, which is projected to add 12p a liter to gasoline and diesel.

Hunt has yet to make a decision on whether to go ahead with the hike.

The fuel tax has been frozen at 52.95 pa liter since 2011.

It was cut by five pence earlier this year to give motorists some short-term respite from soaring petrol and diesel prices.

Prime Minister Rishi Sunak unveiled the temporary 12-month cut during the spring declaration in March, when he was still chancellor.

In its latest economic forecast, the Office for Budget Responsibility calculated that the hike – which is due next March – would result in a record cash boost of £5.7billion if it materializes.

]]>
Retail sales still below pre-Covid levels as UK faces bleak outlook after fall statement – ​​business live | Company http://karolingischeklosterstadt.com/retail-sales-still-below-pre-covid-levels-as-uk-faces-bleak-outlook-after-fall-statement-business-live-company/ Fri, 18 Nov 2022 07:27:00 +0000 http://karolingischeklosterstadt.com/retail-sales-still-below-pre-covid-levels-as-uk-faces-bleak-outlook-after-fall-statement-business-live-company/

Key events

Johnson of IFS: Everything seems a little dark

“It all sounds a bit gloomy, doesn’t it.”

That’s the verdict of Paul Johnson, director of the Institute of Fiscal Studies, following yesterday’s autumn statement.

Talk to Radio 4 today program, Johnson explains that while Hunt appears to be reverting to fiscal orthodoxy (with tax hikes and spending cuts), he is actually quite loose on the fiscal front.

He screwed up the budget rules, he got rid of the idea that we have to balance the current budget – in other words, only borrow to invest – he accepted most of the additional borrowing that the OBR has said the poor economic performance was going to give us .

And yet, we are still going to have a big tax increase.

If you put those two together — a lot of borrowing and a lot of taxes, you’d think there must be a lot of spending, Johnson adds.

Well, there’s a lot more spending, actually, over the next two years. But pending the next election, he has big spending cuts in there.

So how does this add up? Well, all the borrowing the UK has accumulated in recent years is “going home to roost”, says Johnson.

We are going to be stuck at £100bn a year spent on interest on medium-term debt.

And of course, when the economy is growing so terribly badly, there’s just a lot less money.

UK consumer confidence close to historic low

In another blow, UK consumer confidence remains near record highs, despite rising slightly this month after the financial market turmoil triggered by September’s mini-budget subsided.

And soaring inflation and the specter of recession make lasting improvement unlikely, says market research firm GfK reported.

GfK’s monthly consumer confidence index, which dates back to 1974, rose to -44 in November from -47 in October, after hitting an all-time low of -49 in September.

GfK said the improvement likely reflected the UK public’s relief that the country’s financial outlook had stabilized after the departure of Prime Minister Liz Truss, whose fiscal plans triggered the collapse in UK markets.

Introduction: Retail sales still weaker than before the pandemic

Hello and welcome to our ongoing coverage of business, financial markets and the economy.

UK retail sales remain below pre-pandemic levels as the UK heads into a painful recession and inflation takes a big chunk of revenue.

Sales volumes in stores across Britain have fallen 2.4% in the past three months, according to new data from the Office of National Statistics show, despite a small revival in October after the September exchanges were disrupted by Queen Elizabeth’s state funeral.

This continues the downward trend seen since the summer of 2021, as the squeeze on the cost of living took hold of households.

Grocery store sales volumes fell 1.0% in October 2022 and were 4.1% below their pre-coronavirus levels of February 2020 – as some people could not afford to eat as much.

ONS says:

Food sales volumes have been on a downward trend since the summer of 2021 following the lifting of hospitality restrictions.

In recent months, supermarkets have pointed out that they are seeing a drop in sales volumes due to rising costs of living and food prices.

But second-hand stores (notably auction houses) have developed strongly.

Slowing retail sales have already forced some retailers to the wall, with Made.com and Joules both filing for administration this month.

In October alone, sales rose 0.6% after a 1.5% plunge in September, when many stores closed out of respect.

But compared to October 2021, people actually bought 6.1% less stuff – but had to spend 4.8% more to get it, due to inflation.

And compared to before the pandemic, retail sales are still down 0.6%.

Commenting on today’s retail sales figures for October, ONS Director of Economic Statistics Darren Morgan said: (1/2)

⬇ pic.twitter.com/K9SIDpY4HP

— Office for National Statistics (ONS) (@ONS) November 18, 2022

Lynda Petherickretail manager at Accenture in the UK and Ireland, says retailers are facing a tough Christmas.

“Despite Black Friday arriving next week, retailers are unlikely to be in celebration mode as we head into the holiday season this year.

Rising inflation and falling real wages will only add to the sense of unease about whether this will be a “golden quarter” after all.

Retailers and shoppers will face more difficulties in the coming years as households face the biggest drop in living standards on record and the highest tax burden since World War II.

The £30billion in spending cuts and £25billion in tax hikes announced by Chancellor Jeremy Hunt yesterday will chill the economy, with record falls in living standards over the next two years wiping out eight years of growth.

And we’re in a recession, according to the Office for Budget Responsibility, which projects that GDP will actually shrink 1.4% in 2023 and not return to pre-pandemic levels until late 2024.

In a sobering quasi-budget, Hunt slashed budgets for Whitehall departments, widened the scope of the windfall energy company tax, extended the freeze on tax allowances, reduced the threshold for paying the 45% income tax to £125,100, gave local authorities the go-ahead to raise council tax, and lifted more capital gains and inheritance tax as part a plan to convince the financial markets of the government’s intention to reduce its budget deficit.

But Hunt has increased spending on the NHS and schools and postponed most of his tough measures until 2024-25 and beyond as he stressed the need to avoid a ‘catastrophic loop’ of tax hikes and slowing growth.

Agenda

  • 7am GMT: UK retail sales for October

  • 08:30 GMT: ECB President Christine Lagarde delivers a keynote speech at the European Banking Congress in Frankfurt

  • 10.30 GMT: The Institute for Tax Studies is holding an analysis event for the fall return after

  • 3:00 p.m. GMT: US existing home sales for October

]]>
The Prince of Wales still has no official investiture planned during a visit to the Welsh Parliament | Entertainment http://karolingischeklosterstadt.com/the-prince-of-wales-still-has-no-official-investiture-planned-during-a-visit-to-the-welsh-parliament-entertainment/ Wed, 16 Nov 2022 19:07:01 +0000 http://karolingischeklosterstadt.com/the-prince-of-wales-still-has-no-official-investiture-planned-during-a-visit-to-the-welsh-parliament-entertainment/

The Prince of Wales has still not scheduled an investiture amid his visit to the Senedd in Wales.

Kensington Palace has confirmed there will be no official ceremony for Prince William as the 40-year-old royal – who is the first to ascend the British throne – met with the four Welsh Labor leaders, the Tories Welsh, Plaid Cymru and the Welsh Liberal Democrats Wednesday (16.11.22).

The palace said the Duke of Cornwall and Cambridge’s visit was “to deepen his understanding of the issues and opportunities most important to the people of Wales”.

His father, King Charles, was invested as Prince of Wales in 1969, and the future King of England, according to a tweet from ITV Wales political editor Adrian Masters, is “extremely aware of the political controversy that still surrounds the investiture of his father.”

Recently, the first President of Wales, Lord Dafydd Elis-Thomas, claimed that Charles had told him that he would not want to put his son through “what [he] crossed” in the 1960s.

Lord Elis-Thomas said: “…I can tell you in discussions with him when he was still Prince of Wales, when I had cultural responsibilities in the Welsh Government, one of the matters I I raised with him was that I hoped there would never again be an investiture at Caernarfon Castle.

“(Prince Charles) laughed and said, ‘Do you think I want William to go through what I went through?'”

A royal spokesperson previously explained: “At this time it is about deepening trust with the people of Wales and representing the vibrant Wales that it exists today.

“There are no plans for the inauguration yet.”

A recent petition, signed by tens of thousands of people, called for the title to be scrapped, with campaigners claiming the last native Prince of Wales died in the Middle Ages.

King Charles was Prince of Wales for over six decades and was officially invested by the Queen in 1969, in a formal ceremony at Caernarfon Castle.

Charles also studied Welsh history and learned the Welsh language in preparation for the ceremony.

]]>
Improvisation at Vivid Stage on December 3 http://karolingischeklosterstadt.com/improvisation-at-vivid-stage-on-december-3/ Tue, 15 Nov 2022 19:52:40 +0000 http://karolingischeklosterstadt.com/improvisation-at-vivid-stage-on-december-3/
NEW | FEATURES | PREVIEWS | EVENTS



originally published: 11/15/2022

(SUMMIT, NJ) — vivid scene, in residence at the Oakes Center at 120 Morris Avenue in Summit, presents a special holiday performance by The Flip Side, Vivid’s improv team, on December 3 at 8:00 p.m. Masks are optional in the theater.

The flip side includes Clark Carmichael, Laura Ekstrand, Noreen Farley, Lulu French, Dave Maulbeck, Scott McGowan, Emaline Williams and David Lee White. This unpredictable evening is an affordable and enjoyable evening that is filled with laughter from start to finish. This is a unique holiday-themed evening that provides a refreshing addition to The Nutcracker, a Christmas carol and the Rockettes.

Based on improv techniques created by The Groundlings, Upright Citizens’ Brigade and The Magnet, The Flip Side offers a unique take on short-form improv, taking in audience feedback to create instant scenes that are both unexpected and hilarious. No two shows are the same, and the most important ingredient in every show is the audience.

The show includes improvisational comedy sketches that use audience suggestions to shape the scenes that the actors instantly create on stage. The performers use ingredients such as everyday objects, strange illnesses and unusual circumstances to concoct unconventional mini-pieces that appear and disappear in minutes.

The flip side will appear at Vivid Stage at 120 Morris Avenue in Summit on Saturday, December 3 at 8:00 p.m. Tickets are $20 and $15 for students 25 and under. For contactless advance ticket purchases, Click here. The Oakes Center theater is wheelchair accessible. Parking is accessible from Ashwood Avenue, behind the theater.

vivid scene was founded in 1994 as the Dreamcatcher Rep, and is a non-profit professional ensemble of actors who build community with audiences by sharing life-affirming contemporary stories that challenge, energize and entertain. Our work is grounded in a belief in the essential goodness of people and the power of live performance to connect people through our common humanity. We expose theatergoers to ideas and lives similar and different from their own in an effort to spark their imaginations and create empathy for others. We deepen the experience of all our guests with personal contact through receptions, discussions and interactive programs.

Advertise with New Jersey Stage for $50 to $100 per month, click here for info

The company’s activities include stage productions, improv comedy and cabarets, new play readings, and a variety of educational and outreach programs for seniors.

Vivid Stage programs are funded by the New Jersey State Council on the Arts/Department of State, a partner agency of the National Endowment for the Arts, the Union County Department of Cultural and Heritage Affairs, and numerous other corporations, foundations, and individuals. Vivid Stage is an action producing member of the New Jersey Theater Alliance.

Vivid Stage, Inc. is a 501(c)(3) corporation, incorporated under the laws of the State of New Jersey.

Graphic by Dave Maulbeck

]]>
Costco Wholesale (NASDAQ:COST) Aims to Maintain Impressive Returns http://karolingischeklosterstadt.com/costco-wholesale-nasdaqcost-aims-to-maintain-impressive-returns/ Sun, 13 Nov 2022 12:18:22 +0000 http://karolingischeklosterstadt.com/costco-wholesale-nasdaqcost-aims-to-maintain-impressive-returns/

Finding a business that has the potential to grow significantly isn’t easy, but it is possible if we look at a few key financial metrics. Typically, we will want to notice a growth trend come back on capital employed (ROCE) and at the same time, a base capital employed. If you see this, it usually means it’s a company with a great business model and lots of profitable reinvestment opportunities. Therefore, when we briefly examined Costco Wholesale (NASDAQ:COST) Trending ROCE, we were very pleased with what we saw.

Return on capital employed (ROCE): what is it?

For those unaware, ROCE is a measure of a company’s annual pre-tax profit (yield), relative to the capital employed in the business. To calculate this metric for Costco Wholesale, here is the formula:

Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

0.24 = $7.8 billion ÷ ($64 billion – $32 billion) (Based on the last twelve months to August 2022).

Therefore, Costco Wholesale has a ROCE of 24%. That’s a fantastic return and not only that, it tops the 8.8% average earned by companies in a similar industry.

Check out our latest analysis for Costco Wholesale

NasdaqGS:COST Return on Capital Employed November 13, 2022

Above, you can see how Costco Wholesale’s current ROCE compares to its past returns on capital, but you can’t tell much about the past. If you’re interested, you can check out analyst forecasts in our free analyst forecast report for the company.

What is the return trend?

In terms of Costco Wholesale’s ROCE history, that’s pretty impressive. The company has employed 72% more capital over the past five years, and the return on that capital has remained stable at 24%. Now considering the ROCE is an attractive 24%, this combination is actually quite attractive because it means the company can consistently put money to work and generate those high returns. If Costco Wholesale can continue like this, we would be very optimistic about its future.

On a separate but related note, it’s important to know that Costco Wholesale has a current liabilities to total assets ratio of 50%, which we would consider quite high. This effectively means that suppliers (or short-term creditors) finance a large part of the business, so just be aware that this may introduce some elements of risk. Ideally, we would like this to decrease, as this would mean fewer risky bonds.

In conclusion…

In summary, we are pleased to see that Costco Wholesale has accrued returns by reinvesting at consistently high rates of return, as these are common characteristics of a multi-bagger. And long-term investors would be delighted with the 223% return they’ve received over the past five years. So while the stock may be more “expensive” than it used to be, we believe the strong fundamentals warrant this stock for further research.

If you want to further research Costco Wholesale, you may be interested in knowing the 1 warning sign that our analysis found.

If you want to see other businesses earning high returns, check out our free list of companies earning high returns with strong balance sheets here.

Valuation is complex, but we help make it simple.

Find out if Wholesale Costco is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.

See the free analysis

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

]]>
Maps are king as Middle Eastern retail grows http://karolingischeklosterstadt.com/maps-are-king-as-middle-eastern-retail-grows/ Sun, 13 Nov 2022 06:46:32 +0000 http://karolingischeklosterstadt.com/maps-are-king-as-middle-eastern-retail-grows/

A clear indication of how quickly the Middle East is embracing plastic money, the region’s retail sector saw cash payments drop to 20% last year from 70% in 2017, according to a recent report from Statista.com.

On the other hand, credit card payments increased from 16% in 2017 to 38% in 2021, showing the emerging new trend in the retail landscape – Buy Now, Pay Later (BNPL) – a new power of purchase.

“The global retail environment is changing. On the contrary, technology-driven innovation is catalyzing massive growth and many firsts – the first phygital store in the region, the launch of the first ‘metaverse as a service’ business and much more,” said Justina Eitzinger, COO of Images Group Middle East.

The size of the GCC retail sector is expected to reach $308 billion in 2023 at a compound annual growth rate (CAGR) of 4%, from $253.2 billion in 2018. Retail sales are expected to rebound and grow by 2023, driven by population increases and international tourist arrivals.

The online retail industry in the region has already grown rapidly over the past couple of years. The value of e-commerce transactions is expected to reach approximately $27 billion by 2022 in the United Arab Emirates. The country ranks first in the Middle East and North Africa (MENA) region in UNCTAD’s e-commerce index, followed by Saudi Arabia.

According to CNNB Solutions, Mena e-commerce sales will reach $50 billion in 2022. Ninety-one percent of Mena customers have become digital converts and will continue to shop online, with 73% more purchases in online since the pandemic. Mena shoppers are looking for safe and secure online payments – over 60% of people believe secure payment is fundamental to a good online shopping experience.

At the same time, people and goals are prime focus areas for businesses, Eitzinger said. “As new jobs are created and some roles become redundant, retailers are investing in their people and purpose. Sustainability and DEI (diversity, equity, inclusion) are key areas and have become more important than ever. brands are on a new growth trajectory and it will be amazing to see those stories unfold at MRF this year,” she said.

According to Euromonitor International’s Voice of the Consumer: Lifestyle Survey, 2021, more than 50% of consumers in the Middle East prefer to spend money on experiences rather than things, compared to 44% globally. Additionally, 65% of consumers are looking for curated experiences, far more than 58% of consumers globally.

The survey also revealed that people prefer to engage more on a personal level, whether through social media or speaking directly with customer service assistants. For example, 65% of people in the Middle East would rather talk to a human than a chat bot, compared to 58% globally. Therefore, as retailers in the region strategize, digital technology must combine with customer engagement, an engagement that still believes in a “real” and “human” experience, experts say.

In the Middle East, physical retail remains stronger than in other regions, although e-commerce is growing, according to a report from Euromonitor. In 2020, the region’s e-commerce penetration rate increased to 8% from 4% in the pre-pandemic period. Thus, while e-commerce has experienced strong growth, physical in-store sales dominate the commercial landscape of the region. Local consumers are expected to spend an average of over $2,400 in physical stores in 2025, up from nearly $2,000 in 2020, compared to just $295 online the same year.

Over 300 retail industry experts from 120 participating companies, including 80 keynote speakers, will discuss these challenges and opportunities highlighted by the new retail revolution driven by digitalization across the industry during the Middle East Retail Forum (MRF), to be held in Dubai on November 15. The MRF conference concludes with the annual Images RetailME Awards which recognize the top performing retailers in different categories.

“MRF and the RetailME Awards have become the industry’s premier convention and annual awards that everyone in the retail industry relates to and is proud to attend. It has become a matter of pride not only for retailers, but has firmly repositioned the region on the global retail map,” Eitzinger said.

Middle East Retail Forum is supported by Mastercard, Zebra Technologies, Adyen, Altavant, Kalandoor, Line Investments, Al Bayader, BinDawood Group, Rasasi, ENOC, XENO, Red Sea Mall, Board International, EZ Dubai, Tap and Jiffy, among others.

Copyright © 2022 Khaleej Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

]]>
African Renaissance, Regionalism And The AfCFTA In The Context Of African Unification | The journalist http://karolingischeklosterstadt.com/african-renaissance-regionalism-and-the-afcfta-in-the-context-of-african-unification-the-journalist/ Sat, 12 Nov 2022 06:02:01 +0000 http://karolingischeklosterstadt.com/african-renaissance-regionalism-and-the-afcfta-in-the-context-of-african-unification-the-journalist/

Often political discourse in Africa is dominated by a sea of ​​slogans. These words have the ability to inspire others by evoking a positive emotional response; however, words without deeds are meaningless, and we rarely get clarity on the definition of these buzzwords.

Some of the terms widely used by politicians and academics include African Renaissance, Pan-Africanism, Agenda 2063, Intra-African Trade, Silencing the Guns, etc. Therefore, inventing practical terminologies that resonate with the general population is essential to keep the aspirations of citizens intact.

As a youth movement leader and political activist, I was intimately involved in the transition from the Organization of African Unity (OAU) to the African Union (AU). Since then, I have advocated for African political union and opposed dependence on foreign aid. My fundamental worldview, which has been shaped by empiricism, however, has not changed significantly since my beginnings and is still based on these beliefs.

I believe it is of paramount importance to gain a fundamental understanding of the philosophical assertions of ‘African Renaissance’, ‘Regionalism’ and the African Continental Free Trade Area (AfCFTA). Likewise, understanding “divergence and convergence” on the subject can provide a clearer picture of where we are now and where we are heading.

In this context, it is essential to keep in mind that the AfCFTA is the result of political agency, while the African Renaissance and regionalism remain philosophical rhythms. Although African Renaissance and regionalism have not become synonymous with political behavior, they can be used to fortify Africa’s institutional and cultural foundations.

There is a significant gap in our understanding of how political conduct in Africa is influenced by its context and how context, in turn, shapes and influences conduct and action.

For this reason, it is crucial to define the term “African Renaissance” and dispel common misconceptions about what it means from the outset. What is meant by “African Renaissance”?

Simply put, I wonder if the “African Renaissance” refers to a period of postcolonial African socio-economic and political order or of spiritual renewal, consciousness and revisionism.

There is a moral dilemma that we must pose to all Africans. Are we imitating the European Renaissance that occurred between the 15th and 16th centuries? The European Renaissance bridged the Middle Ages and the modern era by reviving and improving the ideas and works of ancient antiquity. Comparing these facts, one can only speculate what African leaders had in mind when they engineered the African Renaissance.

Unsurprisingly, African thinkers have attempted to refute or substantiate this claim. Cheikh Anta Diop, Fantu Cheru, Ngugi Wa, Thandika Mkandawire, Sabelo, Pixley Seme and Asante are notable examples. Some African scholars have argued for a specific definition of the “African Renaissance Way”, while others have reinterpreted the term within a broader African framework.

Bear in mind that a similar difficulty arose when trying to define Pan-Africanism. We are all aware that other regional identities, such as pan-Europeanism, pan-Arabism and others, existed before pan-Africanism. For this reason, Pan-Africanism is not a uniquely African phenomenon. Therefore, the rise and fall of “PANISM” must be studied thoroughly, with the survival of Pan-Africanism being the only notable exception.

Remember that Mohammed Gaddafi was a supporter of pan-Arabism before becoming a pan-Africanist, a free transfer without payment; nevertheless, Africa paid positively or negatively. But that’s not my topic of discussion.

Returning to the African Renaissance, Sabelo articulated a vision of African Renaissance that encompassed a wide range of African initiatives such as Pan-Africanism, African Nationalism, African Humanism, African Socialism, Ethiopianism, Garveyism, negritude, black consciousness, etc. .

Emulating extraterrestrial theories without “any good reason” will leave Africa stuck in the past, unable to meaningfully move forward.

Africans should turn to Pixley Isaka Ka Seme, a genuine thinker who was able to express his patriotism as an African in a global context without embracing European ideals, for guidance. He is the rightful owner of two essential principles of African philosophy, “I am African” and “African Regeneration”. He envisioned a revitalized African culture full of spirituality and humanism that had been lost to European rationality and secularism through his concept of “Regeneration of Africa”.

Its concept of “regeneration of Africa” ​​dates back to the Haitian revolution of 1804 against the colonialists and the Ethiopian victory over the Italian colonial invasion of 1896 in Adwa. His outlook on life was influenced by these events and the struggle for liberation. In the light of these interpretations of African regeneration, its philosophical affirmation contributes positively to the cohesion of Africa.

When Pixley Seme conceived of “the regeneration of Africa” ​​in 1906, he saw African unity as essential to the continent’s future self-respect and economic success. The concept centered on the emancipation of Africa from colonialism and enabling Africans to receive the benefits of the unification dividend.

In fact, I agree with comrade Pixley Seme, who applied the idea of ​​the Renaissance to the context of ‘regeneration’ in Africa. Pixley Seme’s lesson for Africa is that it should not try to adopt the European development model to solve its problems; instead, the continent should design theories based on its own unique conditions.

Africa’s fragmented political economy must be “reintegrated” both politically and socio-culturally before progress can be made. This is not an ideological doctrine but rather an epistemic assertion. Economic integration was one of the many concepts modeled on the European Union without having first sufficiently explored the local context.

Some basic questions need to be asked. For example, what is economic integration for Africa without a viable economy at the national level? How can the highly fragmented African economy, dependent on mineral resources and raw materials and controlled by external forces, be integrated? When does Africa commit to building a knowledge-based economy through “African economic and political reintegration”?

In 2021, Germany’s GDP was around $4.2 trillion and its population was 83.13 million, while Africa’s was less than $2.5 trillion, with 1.2 billion people. The commodity exchanges of New York, Tokyo and London dominate the world. What is Africa’s place in this matrix? Since the provision of “commodities” is not a decisive market player.

Africa should not be misled by the “global economic order” because African nations are economically identical apart from IMF and World Bank ratings. Refrain from saying that South Africa or Nigeria are more prosperous than Malawi or Benin because we are all in the same boat.

Regionalism

How could African regionalism contribute to the achievement of continental unity, collective self-reliance and economic transformation? Contemporary African regionalism can be used to develop a strategy to address Africa’s development challenges.

However, there has always been a tension between ‘micro-nationalism’ and ‘macro-nationalism’ in aspirations for African unification. Micro-nationalism is inextricably linked to the nation-state and the imperative obligation to protect its sovereign position.

The notion of “macro-nationalism” is frequently applied to the pan-African project, which has existed since the struggle for continental independence and the need to unite against colonialism.

Thus, regionalism can be seen as the connecting instrument between the narrower and broader varieties of nationalism. Currently, AU frameworks are more complex to resolve these tensions; nevertheless, as the awareness of member states increases and citizens begin to demand it, I believe that the organization will strive to become a supranational entity.

Why does the world present Africa as a land of conflict, famine, disease, extreme poverty, tribalism and terrorism?

Afrocentric thought is a philosophical approach that advocates Africa-centered and African action in world politics in order to correct the inaccurate perception or imagination of Africa, according to Asante Samuel. Africanness is a mindset that celebrates the variety of African identities, and I agree that Afrocentrism is an identity contract embodying ideas beyond narrow nationalism and tribal identity for a system of values share.

The African Continental Free Trade Agreement (AfCFTA) is the most effective mechanism ever designed to capitalize on the resources and dividends of the people of Africa. The “horse or cart” dilemma remains because the institutional formula was supposed to follow the complete convergence of the regional economic communities (RECs).

Nevertheless, the bloc is still strengthening these RECs, as evidenced by the recent membership of the Democratic Republic of Congo in the East African Community.

At present, neither the sub-regional nor continental levels of the RECs have harmonized trade and customs unions. Thus, the first question is how the RECs will be integrated into the institutional architecture of the AfCFTA.

The second question concerns a theoretical and institutional balance. While the General Agreement on Tariffs and Trade (GATT) founded the World Trade Organization (WTO), who will oversee the activities of the AfCFTA and correct its shortcomings?

It is possible to develop a fully convergent multinational, multicultural and multilingual system with an indigenous governance system called the “United Peoples of Africa (UPA)” that is socially and culturally mature, economically resilient, politically comprehensive and legally sound.

Therefore, African renaissance, regionalism and the AfCFTA can be achieved if Africa understands and acts on its position in building an “alternative world order” compatible with its needs; otherwise, Africa would remain a beneficiary and not an equal partner.

Seife Tadelle Kidane (PhD) is a senior researcher at the Institute of Pan-African Thought and Conversation (IPATC); Department of Politics and International Relations, University of Johannesburg.

Contributed by Seife Tadelle

]]>