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2025-05-21 15:00:00| Fast Company

This week, the U.S. Tennis Association (USTA) announced that its putting the revenue from selling U.S. Open tickets and $23 signature Honey Deuce cocktails toward a new cause: Completing an $800 million renovation of the USTA Billie Jean King National Tennis Center (NTC), the sports complex that hosts the annual tennis championship. The renovation represents the single largest investment in U.S. Open history, according to a press release published by the USTA. It will encompass a full transformation of the Arthur Ashe Stadium, where championship games are played, as well as a luxe new player performance center on the NTCs campus. The work will be spearheaded by the architectural firm Rossetti, which designed Arthur Ashe stadium back in 1994 and has since returned to add a retractable roof to the building, as well as two supplementary stadiums within the complex. This update will bring the lifetime construction cost of Arthur Ashe stadium to over $1 billion. [Image: courtesy USTA] This latest round of renovations is set to be completed by the 2027 U.S. Open, with three construction phases planned to avoid conflicts with scheduled play in the intervening years. The updates are designed to dramatically increase the stadiums capacity and to create a more modern, luxurious experience for both fans and athletes. Every square inch of the stadium is being revamped, from the club level to the lounge and the promenade, Danny Zausner, chief operating officer at the USTA, told reporters in an interview this week. Here’s a rundown. [Image: courtesy USTA] Whats new at Arthur Ashe stadium The design vision for the Arthur Ashe stadium will be apparent to guests before they even enter the venue. Based on renderings provided by the USTA, a new Grand Entrance will usher viewers into the space through a two-story, futuristic silver ring arcing above the doorways.  Inside, the stadium itself will be almost entirely overhauled. Per the press release, the promenade-level concourse, where guests typically gather and mingle, will be sized up by 40%; more escalators and elevators will be added to every level; and an upward extension of the courtside-level bowl will increase its capacity from 3,000 to 5,000 attendees. Arthur Ashe Stadium’s overall capacity of 24,000, which makes it the largest tennis stadium in the world, will remain the same as the design team plans to relocate seating to this bowl from other parts of the arena. [Image: courtesy USTA] New amenities will also include modernized concorses with all-new retail, food, and beverage spaces, added clubs and restaurants, and two new dedicated luxury suite levelspresumably catering to the U.S. Opens coterie of VIP guests. [Image: courtesy USTA] This project enables us to maintain the greatest stage in tennisArthur Ashe Stadiumwhich was constructed more than 25 years ago, and modernize it in a way that will set it up for the next 25 years, Lew Sherr, CEO and executive director of USTA, said in the press release. It also provides us the opportunity to give the players that compete in that stadium an unparalleled space that will enable them to perform at their best and enjoy a higher level of luxury and comfort while they are off the court. [Image: courtesy USTA] “Spa-like” athlete facilities While the U.S. Open fan experience is getting a facelift, part of this major investment is also being funneled toward athlete facilities.  Those upgrades will come in the form of a $250 million player performance center, located on the top two floors of an existing building to the west of the Arthur Ashe stadium. Inside, players and teams will be treated to indoor and outdoor fitness areas, spa-like locker rooms and lounges, and even a cafe accessible only to athletes.  [Image: courtesy USTA] The press release notes that this added investment is intended to provide the nearly 2,800 athletes and team members at the U.S. Open with everything they need to maximize their on-court performance. Theres no doubt about itwhen you walk into the stadium, the entire look and feel will change,” says Zausner.


Category: E-Commerce

 

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2025-05-21 14:16:27| Fast Company

U.S. President Donald Trump’s plan for a “Golden Dome” to protect the United States from long-range missiles was at least partly inspired by Israel’s multitiered missile defenses.Trump announced the $175 billion concept in the Oval Office on Tuesday, saying it would put U.S. weapons in space for the first time and be would be “fully operational” by the end of his term in early 2029, though a U.S. official familiar with the program said it could take longer.Israel’s multilayered defenses, often collectively referred to as the “Iron Dome,” have played a key role in defending it from rocket and missile fire from Iran and allied militant groups in the conflict unleashed by Hamas’s October 7, 2023, attack.The sophisticated system, developed over decades with considerable U.S. support, is capable of detecting incoming fire and deploying only if the projectile is headed toward a population center or sensitive military or civilian infrastructure. Israeli leaders say the system isn’t 100% guaranteed, but credit it with preventing serious damage and countless casualties.Here’s a closer look at Israel’s multilayered air-defense system: The Arrow This system developed with the U.S. is designed to intercept long-range missiles. The Arrow, which operates outside the atmosphere, has been used to intercept long-range missiles launched by Iran-backed Houthi rebels in Yemen and by Iran itself during two direct exchanges of fire last year. David’s Sling Also developed with the U.S., David’s Sling is meant to intercept medium-range missiles, such as those possessed by Lebanon’s Hezbollah militant group. It was deployed on multiple occasions throughout the war with Hezbollah, which ended with a ceasefire last year. Iron Dome This system, developed by Israel with U.S. backing, specializes in shooting down short-range rockets. It has intercepted thousands of rockets since it was activated early last decadeincluding volleys launched by Hamas and Hezbollah. Israel says it has a success rate of over 90%. Iron Beam Israel is developing a new system to intercept incoming threats with laser technology. Israel has said this system will be a game changer because it would be much cheaper to operate than existing systems. According to Israeli media reports, the cost of a single Iron Dome interception is about $50,000, while the other systems can run more than $2 million per missile. Iron Beam interceptions, by contrast, would cost a few dollars apiece, according to Israeli officialsbut the system is not yet operational. Follow AP’s war coverage at https://apnews.com/hub/israel-hamas-war Associated Press


Category: E-Commerce

 

2025-05-21 13:42:00| Fast Company

Hollywood loves a sequel. And it turns out, Burger King loves them too. For the third consecutive year, the fast-food operator is debuting a limited-time menu tied to a big box film, this time How to Train Your Dragon, ahead of the live-action film based on Universal Pictures film that will be released in June. Beginning May 27, Burger King will start selling a new red-and-orange marble colored Whopper and Dragon-inspired mozzarella fries, strawberry lemonade, and a chocolate sundae, all taking inspiration from a franchise that has grossed more than $1.6 billion at the global box office and earned four Academy Award nominations. Burger King says the partnership extends a family-focused marketing strategy that kicked off in 2023 with Spider-Man and 2024s tie-in with The Addams Family. Both led to larger orders and over-indexed in popularity with younger audiences and families. [Photo: Burger King] What weve seen is that were starting again to grow with families, says Tom Curtis, president of Burger King, during an interview with Fast Company. The Whopper plays itself Since Curtis joined Burger King in 2021, after a long career at rival restaurant operator Dominos, he has helped spearhead nine unique Whopper limited-time offers. The red-bun Whopper was connected to the film Spider-Man: Into the Spider-Verse and last years purple-bun evoked the popular Addams Family character Wednesday, who has an ongoing live-action TV show on Netflix. Those Hollywood-inspired Whoppers were the strongest selling LTOs that Curtis launched, doubling the AUV, or average unit volume sold at each restaurant location, versus the LTOs that werent connected to a film. Spider-Man and The Addams Family, in particular, are decades-old intellectual properties that have spanned film, television, video games, and comics. That gives Burger King the ability to market cross-generationally, luring younger children who are newer fans of the more recent film and TV releases, but also appealing to parents and older diners who may have fond memories of these properties from their childhood. Even How to Train Your Dragon, initially based on a novel released in 2003, is now over two decades old and has inspired multiple hit films and a TV series. [Photo: Burger King] When you really associate yourself with a powerful property, especially one thats appealing not only to kids, but has a nostalgic element of it as well, then those can be really big movers of the business, says Curtis. Spider-Man was a driver that helped U.S. comparable sales at Burger King restaurants open at least 13 months increase 7.5% in 2023. The growth slowed to a more modest 1.2% last year and dipped 1.1% in the U.S. for the first quarter of 2025 compared to prior-year levels. Burger King says it was encouraged by the steady traffic and market-share gains it has achieved compared to other fast-food chains even amid the more recent sales softness. Were in an industry thats going to have ebbs and flows, says Curtis. As long as were outgrowing the competition on a fairly consistent basis, then we know were winning the game. Investing in the future Burger King and the brands parent company, Restaurant Brands, have jolted sales in part thanks to a $400 million Reclaim the Flame investment unveiled in 2022 that pumped millions into advertising, restaurant remodels, and new kitchen equipment. Touchscreen kiosks were added to more locations to ease the workload for staff at the counter, new seat formats were designed to be more family friendly for larger groups, and Burger King reemphasized adding playgrounds for kids. Curtis says before he joined, traffic had been decelerating and restaurants werent operated to their full potential. The chain needed to reinvest to entice diners. [Photo: Burger King] You can’t invite a family with parents who love their kids to a dirty restaurant where they’re not going to be treated in a friendly way, and in a restaurant that, frankly, is in some cases, [falling down around them], says Curtis. Fast food faces growing consumer caution This year, Burger King will need to contend with softer consumer sentiment, as diners fret that a trade war and tariffs will result in higher inflation. Already, data has shown that traffic at quick-service restaurants has been slowing, and brands including McDonalds and Chipotle have reported softer sales. Burger King has offered menu deals, including a $5 duo and $7 trio offer that allowed diners to select two or three items from a list that included a Whopper Junior, fries, and chicken sandwiches. Curtis acknowledges that when budgets get tigher, Burger King may be inclined to lean on the combination of menu innovations with value pricing, meaning promos. But he says that Burger King does benefit from the fact that it doesnt sell consumer discretionary goods. People have to eat, says Curtis. If you can give them great value and a great menu, you can be an option in all economic environments.


Category: E-Commerce

 

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