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Nike will offer major discounts on shoes, apparel following a report of excess product - fox29.com - New York - Los Angeles - Jordan
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Nike will offer major discounts on shoes, apparel following a report of excess product
LOS ANGELES - Consumers who are sick of the ongoing impacts of inflation are soon to experience a bit of relief following an announcement from Nike which plans to liquidate some of it's products following a recent flood of inventory. According to a report by The New York Post, Nike said it's planning to offer sales of up to 44% overall and 65% in North America, the company as it reported for its latest quarter last week. The company is blaming supply chain issues for a lag in product movement which resulted in the company overstocking some items while others arrived late. "We effectively have a few seasons landing in the marketplace at the same time," chief financial officer Matt Friend said on an earnings call with analysts on Thursday, adding that some of that inventory is now "seasonally out of relevance" and will be cleared out more quickly to make room for the "newest and best inventory."  So what does this mean for shoppers? Big discounts, and just in time for the holidays. There are three factors that could lead to inflation which include demand-pull inflation, cost-push inflation and built-in inflation.Nike wants to get rid of excess products sitting on its shelves and fast. Many sneakerheads have noted a variety of Jordan shoes and other Nike shoes that normally sell out quickly, collecting dust on shelves. Photos of these normally highly sought after shoes were posted on social media in an attempt to show the impacts of the ongoing economic downturn.  
Hackers release LAUSD data after ransom denied - fox29.com - Los Angeles - city Los Angeles
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Hackers release LAUSD data after ransom denied
Los Angeles Unified School District, officials confirmed Sunday.The data was released Saturday -- two days before a deadline previously given by the hackers -- in an apparent response to LAUSD Superintendent Alberto Carvalho's stated refusal to pay ransom to an international hacking syndicate, the Los Angeles Times reported.The newspaper said it reviewed screenshots from the hack that appeared to show some Social Security numbers, but the full extent of the release was not clear.District spokeswoman Shannon Haber would not confirm the release when reached by City News Service on Sunday.The group claiming responsibility for the cyberattack had set a Monday deadline for the district to pay a ransom to the organization.In a dark web post detected and reprinted by Brett Callow of the cybersecurity firm Emsisoft, the hacking syndicate Vice Society listed the LAUSD as one of "our partners," and stated, "The papers will be published by London time on October 4, 2022 at 12:00 a.m."The post did not give any indication about what information had been obtained or what would be published.Carvalho previously acknowledged that the district received a ransom demand from the group responsible for the Labor Day weekend hack -- which he declined to name."We can acknowledge ... that there has been communication from this actor (hacker) and we have been responsive without engaging in any type of negotiations," he told reporters.
Sorry, but unfortunately Pizza Hut’s ‘Italian Taco’ isn’t real - fox29.com - Usa - Italy - Los Angeles - Mexico - county Bell
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Sorry, but unfortunately Pizza Hut’s ‘Italian Taco’ isn’t real
LOS ANGELES - Following the news from Taco Bell that the Mexican Pizza is officially back on the menu for good, many have been left to speculate whether or not it actually is a pizza. This speculation has apparently offended the popular fast-food chain Pizza Hut as they recently took to social media to throw shade at Taco Bell. Thinking that Taco Bell was intending to out pizza the hut with the latest success of the Mexican Pizza, Pizza Hut posted a photo of someone folding a slice of pizza in the shape of a taco and calling it an "Italian Taco."The post sent pizza and taco fans into a frenzy wondering if they would have the chance to get their hands on such a creation but Pizza Hut later confirmed to multiple outlets that the whole thing was just a slice of pizza folded like a taco. Kicking Taco Bell while they were down, Pizza Hut made a jest out of the news that when Taco Bell originally brought back the Mexican Pizza earlier this year, it sold out within weeks. Pizza Hut noted that their Italian Taco was something that would never sell out. Taco Bell's Mexican pizza will return as a permanent menu item this month after the food chain severely underestimated demand in a temporary release earlier this year.The fast food chain brought back the Mexican pizza as a limited-time menu item in May, but did not purchase nearly enough supply to meet demand.
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