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Celerity
Celerity's Journal
Celerity's Journal
April 8, 2024
Label: B-Unique Records – BUN072CDX, B-Unique Records – 50466 9474 2
Format: CD, Single, Enhanced
Country: UK
Released: 13 Oct 2003
Genre: Rock
Style: Alternative Rock, Downtempo
Aqualung - Brighter Than Sunshine
Label: B-Unique Records – BUN072CDX, B-Unique Records – 50466 9474 2
Format: CD, Single, Enhanced
Country: UK
Released: 13 Oct 2003
Genre: Rock
Style: Alternative Rock, Downtempo
April 8, 2024
Label: Rough Trade – ROUGH 55
Format: Vinyl, LP, Album
Country: UK
Released: Nov 1983
Genre: Rock
Style: Indie Rock, Alternative Rock, Post-Punk
Violent Femmes - Blister In The Sun
Label: Rough Trade – ROUGH 55
Format: Vinyl, LP, Album
Country: UK
Released: Nov 1983
Genre: Rock
Style: Indie Rock, Alternative Rock, Post-Punk
April 8, 2024
Label: Viva! – VV9815
Format: Vinyl, 12"
Country: US
Released: 2002
Genre: Electronic
Style: Deep House
Hanna - Time (Doza's Lawnchair Generals Mix) (2002)
Label: Viva! – VV9815
Format: Vinyl, 12"
Country: US
Released: 2002
Genre: Electronic
Style: Deep House
April 7, 2024
Thanks to Kathy Sledge for the voice drop 😍
Label: Atlantic – B 9744(T), Atlantic – B9744T, Cotillion – 796942-0
Format: Vinyl, 12", 45 RPM, Single
Country: UK
Released: May 1984
Genre: Funk / Soul
Style: Disco
Sister Sledge - Thinking Of You [The Reflex Revision]
Thanks to Kathy Sledge for the voice drop 😍
Label: Atlantic – B 9744(T), Atlantic – B9744T, Cotillion – 796942-0
Format: Vinyl, 12", 45 RPM, Single
Country: UK
Released: May 1984
Genre: Funk / Soul
Style: Disco
April 7, 2024
Label: Epic – 471724 1, Epic – EPC 471724 1
Format: Vinyl, LP, Album
Country: Europe
Released: 1992
Genre: Rock
Style: Alternative Rock
Screaming Trees - Shadow of the Season (1992)
Label: Epic – 471724 1, Epic – EPC 471724 1
Format: Vinyl, LP, Album
Country: Europe
Released: 1992
Genre: Rock
Style: Alternative Rock
April 7, 2024
Bomb The Bass - Black River (Gui Boratto Remix)
Label: !K7 Records – !K7230LP
Format: Vinyl, LP, Album
Country: Germany
Released: Sept 2008
Genre: Electronic
Style: Leftfield, Electro, Downtempo
Bomb The Bass feat. Mark Lanegan - Black River (2008) + Black River (Gui Boratto Remix)
Bomb The Bass - Black River (Gui Boratto Remix)
Label: !K7 Records – !K7230LP
Format: Vinyl, LP, Album
Country: Germany
Released: Sept 2008
Genre: Electronic
Style: Leftfield, Electro, Downtempo
April 7, 2024
🎶 Tracklist & timing:
01. 00:00 Emiliano Secchi - Memory Fragments
02. 03:26 Ecepta - Drowning
03. 06:59 100 Day Delay - Atlas [Azaleh Remix]
04. 11:18 ETSU - Laniakea
05. 16:00 Kori - All This Time
06. 19:41 Keysprod - Valhalla
07. 22:52 Suerre - Helpless
08. 26:48 Bloom - Cycle
09. 30:59 Many Miles feat. Wandr - Please Come Home
10. 35:03 Logic23 - The Edge
11. 38:40 VNYRD - Darker Than Black
12. 41:54 Zenstep - Vision
13. 47:44 Junemix - Feel There Are You
14. 50:36 Atlantis Reborn - Desire
15. 54:19 Solfvde - Embrace
16. 56:50 Melldu - Without You
17. 01:00:46 Great Skies - Shadows & Waves
18. 01:04:49 Bloom - Immersion
19. 01:08:34 BK Art - Screen Behind Darkness
20. 01:13:20 Bucky - Crimson Wastes
21. 01:16:28 Orbys - Deflect
22. 01:18:45 Kyak - Pain Tolerance
23. 01:22:11 Blut Own - Anciennes
24. 01:26:29 Brimstone - Penance
25. 01:31:11 Oscuro & Elvya - In The End
26. 01:38:01 Aether - Eidolon
27. 01:41:20 Alchemorph - Mysticism
28. 01:45:51 Day 100 Delay - Raise Your Wings
Seven Beats /Haris Bajramović
Visual Designer | Music Curator
BEST CHILLSTEP COMPILATION 2024 Awesome Chill Music Special Coffeeshop Selection [Seven Beats]
🎶 Tracklist & timing:
01. 00:00 Emiliano Secchi - Memory Fragments
02. 03:26 Ecepta - Drowning
03. 06:59 100 Day Delay - Atlas [Azaleh Remix]
04. 11:18 ETSU - Laniakea
05. 16:00 Kori - All This Time
06. 19:41 Keysprod - Valhalla
07. 22:52 Suerre - Helpless
08. 26:48 Bloom - Cycle
09. 30:59 Many Miles feat. Wandr - Please Come Home
10. 35:03 Logic23 - The Edge
11. 38:40 VNYRD - Darker Than Black
12. 41:54 Zenstep - Vision
13. 47:44 Junemix - Feel There Are You
14. 50:36 Atlantis Reborn - Desire
15. 54:19 Solfvde - Embrace
16. 56:50 Melldu - Without You
17. 01:00:46 Great Skies - Shadows & Waves
18. 01:04:49 Bloom - Immersion
19. 01:08:34 BK Art - Screen Behind Darkness
20. 01:13:20 Bucky - Crimson Wastes
21. 01:16:28 Orbys - Deflect
22. 01:18:45 Kyak - Pain Tolerance
23. 01:22:11 Blut Own - Anciennes
24. 01:26:29 Brimstone - Penance
25. 01:31:11 Oscuro & Elvya - In The End
26. 01:38:01 Aether - Eidolon
27. 01:41:20 Alchemorph - Mysticism
28. 01:45:51 Day 100 Delay - Raise Your Wings
Seven Beats /Haris Bajramović
Visual Designer | Music Curator
April 7, 2024
Investors should take a hard look at the core retail business and reset their expectations accordingly
https://www.ft.com/content/2cf2b3bd-396f-48a6-93b8-069a4fbe78b4
https://archive.is/iaK77
Macy’s, Nordstrom and Kohl’s generate big chunks of their operating income from profit-sharing agreements with their partner banks © Eric Thayer/Bloomberg
Credit card delinquencies are rising in the US. There is a proposed cap on how much card issuers can charge for late payments. But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios. But all three generate surprisingly big chunks of their operating income from profit-sharing agreements with their partner banks. For years, the income stream has helped prop up a retail business model that is now well into its third decade of sustained decline. This lifeline is at risk — yet all three stocks are trading at or above their three-year averages on a forward earnings basis. Constant takeover interest in the sector helps.
Investors should take a hard look at the core retail business and reset their expectations accordingly. US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register. Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store. Credit cards accounted for less than 5 per cent of total sales at the three companies in 2022. But they made up 87 per cent of Nordstrom’s total operating income in 2022 and 55 per cent of Macy’s, according to Citigroup. At Kohl’s, they generated 381 per cent of total operating income, meaning without credit cards, the company would have made an operating loss.
Late fees are a big money spinner. These can be as high as $30 per payment at the moment. But a new rule passed last month could cap them at $8. Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue. A cap on fees could result in a 29 to 68 per cent drop in earnings per share at Kohl’s this year, and under half that at Nordstrom and Macy’s.
Rising delinquencies as well as faltering retail sales growth will add to the pressure. Kohl’s suggested last month that it could take a $250mn to $300mn hit to its annual credit card revenue as a result of the late fee cap. The retailer said there were levers it could pull to offset this, such as growing its co-branded credit card business. Yet a struggling retail sector overly dependent on these cards will unlikely find the answer by opting for more credit business.
snip
Why US department stores have most to fear as credit card debt sours
Investors should take a hard look at the core retail business and reset their expectations accordingly
https://www.ft.com/content/2cf2b3bd-396f-48a6-93b8-069a4fbe78b4
https://archive.is/iaK77
Macy’s, Nordstrom and Kohl’s generate big chunks of their operating income from profit-sharing agreements with their partner banks © Eric Thayer/Bloomberg
Credit card delinquencies are rising in the US. There is a proposed cap on how much card issuers can charge for late payments. But it is department stores, rather than lenders, that may have most to lose as the credit cycle sours. The biggest of these — Macy’s, Nordstrom and Kohl’s — do not own their credit card portfolios. But all three generate surprisingly big chunks of their operating income from profit-sharing agreements with their partner banks. For years, the income stream has helped prop up a retail business model that is now well into its third decade of sustained decline. This lifeline is at risk — yet all three stocks are trading at or above their three-year averages on a forward earnings basis. Constant takeover interest in the sector helps.
Investors should take a hard look at the core retail business and reset their expectations accordingly. US department stores offer all kinds of perks to get customers to sign up for their branded credit cards at the register. Store cards, with their high interest charges and late fees, turn out to be far more lucrative than running a brick-and-mortar store. Credit cards accounted for less than 5 per cent of total sales at the three companies in 2022. But they made up 87 per cent of Nordstrom’s total operating income in 2022 and 55 per cent of Macy’s, according to Citigroup. At Kohl’s, they generated 381 per cent of total operating income, meaning without credit cards, the company would have made an operating loss.
Late fees are a big money spinner. These can be as high as $30 per payment at the moment. But a new rule passed last month could cap them at $8. Analysts at Bank of America think late fees represent between 14 per cent and 30 per cent of the companies’ credit card revenue. A cap on fees could result in a 29 to 68 per cent drop in earnings per share at Kohl’s this year, and under half that at Nordstrom and Macy’s.
Rising delinquencies as well as faltering retail sales growth will add to the pressure. Kohl’s suggested last month that it could take a $250mn to $300mn hit to its annual credit card revenue as a result of the late fee cap. The retailer said there were levers it could pull to offset this, such as growing its co-branded credit card business. Yet a struggling retail sector overly dependent on these cards will unlikely find the answer by opting for more credit business.
snip
Profile Information
Gender: FemaleHometown: London
Home country: US/UK/Sweden
Current location: Stockholm, Sweden
Member since: Sun Jul 1, 2018, 07:25 PM
Number of posts: 43,279
