Marketplace

Mondays-Fridays, 6:30-7 p.m. on KUAR
  • Hosted by Kai Ryssdal

In-depth reporting that's transformed the way listeners understand current events and view the world. Every weekday, hear breaking news mixed with compelling analysis, insightful commentaries, interviews, and special - sometimes quirky - features.

Alton Lane CEO doesn't want shopping to feel like shopping

Aug 15, 2018

Today's retail landscape is full of companies trying to find a way to keep customers coming to brick-and-mortar stores, but Colin Hunter's company is going after customers who may not be all that interested in shopping in the first place. Hunter is the CEO and co-founder men's clothing retailer Alton Lane, which uses data, technology and the idea that clothes shopping isn't most men's idea of a good time in order to find an edge. Marketplace host Kai Ryssdal spoke to Hunter about his company. The following is an edited transcript of their conversation. 

What if we just do MAFTA and CAFTA instead?

Aug 15, 2018

It's been a year since the United States started NAFTA renegotiations with Canada and Mexico. Since then, Mexico has elected a new president and the U.S. has engaged in several controversial trade maneuvers. So are we any closer to signing a new deal? We'll catch you up. Also on today's show: We're hearing a lot from Elon Musk these days but what’s happening with Tesla and its board? Plus, another installment of our series Corner Office. This time we talk to Colin Hunter, co-founder and CEO of Alton Lane, about the future of men’s fashion retail.

Subscription box services may be the big apparel movement right now, but tech and data are allowing at least one company to go in a very different direction: custom tailoring. Colin Hunter is the CEO and co-founder of high-end men's fashion company Alton Lane, and his goal is to make that retail experience personal — like, really personal. His company uses body scanners to get your body measurements in a matter of seconds, which are then sent to fabric makers who construct garments to order (which, of course, is not cheap).

Monday, Aug. 20, is Bailout Exit Day for Greece. The country’s prime minister has described Greece’s exit from a long bailout program as a moment of liberation. “Greece is regaining its political and economic independence,” Alexis Tsipras said, as he predicted a rosy future for the eurozone’s most heavily-indebted member state.     

Not all his fellow citizens are so optimistic.

The way credit scores are calculated is changing

Aug 15, 2018

A report from the New York Federal Reserve this week finds that the big reporting agencies — Equifax, Experian, and TransUnion — have started excluding certain items that used to be considered negative dings on our credit.

(Markets Edition) The stock market experienced a down day today. In addition to drops in the Dow and S&P, Europe and Asia markets also fell. We talked with Susan Schmidt, senior portfolio manager at Westwood Holdings, who mentioned speculation that the downward trend in Asia might have been due to some unfortunate earnings reports. Also, the online job-finding company Indeed put together a list that outlines which cities have the ideal blend of higher pay and decent cost-of-living.

Where will your paycheck go the furthest?

Aug 15, 2018

Indeed.com has crunched the numbers on salary and cost of living in 185 metro areas and come up with a list of cities where your salary will go the furthest. The list also indicates where economic and job opportunities will likely be strongest going forward. The top cities are Duluth, Minnesota; Wilmington, North Carolina; Lubbock, Texas; and San Antonio, Texas. See which other towns made the grade.

Major department stores report their earnings this week, starting with Macy’s on Wednesday, followed by Nordstrom and J.C. Penney on Thursday. After a retail slump and slide over many quarters, Americans are coming back to shopping, and the numbers show stores are enjoying the trend.

Click the audio player above to hear the full story. 

(U.S. Edition) The Turkish lira rebounded again today, but there's been no cooldown in the ongoing feud between Turkey and the U.S. About a week after the U.S. raised tariffs on Turkish metals, Turkey followed suit with a tariff hike of its own on many items from the U.S. It's the latest move in this economic tug-of-war between the two countries, and we speak to the BBC's Turkey correspondent to hear about next steps. Also, we got a reading on retail sales that should be up, and we talk to Marketplace's Erika Beras for more.

Are we witnessing the renaissance of retail stores?

Aug 15, 2018

Your shopping experience might now include flutes of champagne, meticulously designed décor, and "robot" hands spraying you with fragrances. 

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