Nathaniel Meyersohn
Nathaniel Meyersohn is a consumer reporter at CNN Business, where he covers shopping, consumer trends and major retailers like Walmart, Amazon, Target and Costco. His coverage highlights include a 10-month investigation into armed robberies and violence against workers at Dollar General and a series of articles on the struggles of retail and grocery store workers in the pandemic. Prior to joining CNN Business, Meyersohn worked on CNN's investigative team and at BuzzFeed News. He graduated from Emory University in Atlanta with a degree in southern history.
75%
The Daily's Verdict
This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.
Bias
86%
Examples:
- The author often highlights the positive aspects of major retailers while downplaying their negative impacts on smaller businesses and consumers.
- The author tends to present information in a way that favors larger retailers and corporations.
Conflicts of Interest
62%
Examples:
- The author covers major retailers like Walmart, Amazon, Target and Costco, which may create a conflict of interest as these companies are powerful and influential in the industry.
Contradictions
88%
Examples:
- During the three-month review that ended Feb 3, Dollar Tree lost $1.71 billion or $7.85 per share which is more than double its earnings for the same period last year.
- Family Dollar hit with record fine for storing items in rat-infested warehouse.
Deceptions
75%
Examples:
- The article presents the merger as a way for Kroger and Albertsons to be more competitive against non-union giants such as Walmart, Amazon and Costco. However, this statement is misleading because the two companies are already among the largest retailers in the country and do not face significant competition from these other companies.
- The article states that Kroger will use $500 million in cost savings to reduce prices for shoppers and tailor promotions and savings. However, this statement is also misleading because there is no evidence to suggest that the merger will actually lead to lower prices or increased competition.
Recent Articles
Macy's Aborts $5.8 Billion Acquisition Deal with Arkhouse and Brigade
Broke On: Monday, 15 July 2024Macy's Board of Directors terminated acquisition talks with Arkhouse and Brigade due to insufficient financing commitment papers. The companies had been in discussions since September 2023, but Macy's remains committed to its own turnaround strategy. Dollar General Agrees to Pay $12M Fine, Improve Workplace Safety in Over 19,000 Stores After Repeated Violations
Broke On: Thursday, 11 July 2024Discount retailer Dollar General agrees to pay $12M fine, improve workplace safety in 19,000 US stores following numerous safety violation allegations by the US Department of Labor and OSHA. The settlement includes hiring additional safety managers, extensive employee training, reducing merchandise levels to keep emergency exits accessible and establishing a Safety Operations Center. 
Nike's Sales Slump: Navigating Economic Shifts and Competition from Newcomers
Broke On: Friday, 28 June 2024Nike, the world's largest sportswear brand, reports flat sales and projects a 10% drop due to changing consumer behavior and growing competition from brands like Hoka and On. Consumers prefer comfort over traditional style in running shoes, leading to Nike's missteps in distribution strategy that alienated retailers. The company must adapt quickly to remain competitive. 
Red Lobster Files for Bankruptcy: $20 Endless Shrimp Promotion Leads to Millions in Losses and Closures
Broke On: Monday, 20 May 2024Red Lobster, the world's largest seafood restaurant chain, filed for Chapter 11 bankruptcy in Florida after closing dozens of stores and listing 99 as temporarily closed. The financial strain is attributed to its $20 endless shrimp promotion and burdensome supply obligations from Thai Union Group. Despite underperforming restaurants, strategic initiatives, competition, and a challenging macroeconomic environment, Red Lobster plans operational improvements and asset sales while continuing restaurant operations. 
Walmart Reports 6.0% Revenue Growth in Q1 2024: Groceries, Home Cooking Trends Drive Success
Broke On: Thursday, 16 May 2024Walmart reports a 6.0% revenue increase in Q1 2024, driven by strong grocery sales due to inflation and consumer shift towards home cooking. The company also experiences growth in digital sales and launches new private label brand Bettergoods. Red Lobster Closes 87 Restaurants Amidst Financial Struggles and Potential Bankruptcy: A Look into the Chain's Decline
Broke On: Monday, 13 May 2024Red Lobster, the American seafood chain facing financial struggles and potential bankruptcy, is temporarily closing at least 87 restaurants across 27 states. The closures come as the company reports an $11 million quarterly operating loss and a decline in the casual dining sector. Some closed locations are being auctioned off. Red Lobster Closes 87 Restaurants Amidst Financial Struggles and Potential Bankruptcy: A Look into the Chain's Decline
Broke On: Monday, 13 May 2024Red Lobster, the American seafood chain facing financial struggles and potential bankruptcy, is temporarily closing at least 87 restaurants across 27 states. The closures come as the company reports an $11 million quarterly operating loss and a decline in the casual dining sector. Some closed locations are being auctioned off. 
Walmart Shuts Down 51 Health Clinics: Impact on Lower-Income Patients and the Future of Retail Healthcare
Broke On: Tuesday, 30 April 2024Walmart closes 51 health care centers, leaving a gap in healthcare access for lower-income patients without insurance. The decision comes due to unsustainable business model and escalating operating costs. Patients will be directed to high-quality providers in their insurance networks. Caitlin Clark's Record-Breaking NCAA Basketball Career Lands Her an $28M Nike Deal: A New Era for Women's Basketball Endorsements
Broke On: Sunday, 21 April 2024Caitlin Clark, the NCAA basketball record-breaker and first overall WNBA draft pick, is set to sign an eight-year deal worth up to $28 million with Nike, including a signature sneaker. The surge in women's basketball interest has led to record-breaking viewership and ticket sales. Despite competition from other brands, Nike secured the deal amidst growing significance of endorsement deals for both parties. 
Dollar Tree to Close Nearly 1,000 Stores Following Disappointing Fourth Quarter Earnings Report and Years of Mismanagement at Family Dollar Stores
Broke On: Wednesday, 13 March 2024Dollar Tree plans to close nearly 1,000 stores over the next several years following a disappointing fourth quarter earnings report. The company lost $1.7 billion in the three months ended Feb 3, or $7.85 per share.
