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Initially, RH CEO Gary Friedman was in a sober mood to deliver a sober message in the company’s most recent third-quarter 2022 earnings report.Though its revenues and operating margin exceeded the previous outlook, revenues dropped 14% from last year’s $1,006 million to $869 million and adjusted operating margin declined from 27.7% last to 20.8% this year. […]
A year ago, the retailers had one overwhelming employment problem: they couldn’t find enough people to work in their stores. Employees were leaving retail employers in droves and not enough people were queuing up to fill the vacancies.Retail job openings were up nearly 40% in December 2021 over 2019 levels. And last year, the pace […]
Balenciaga is once again embroiled in controversy on the heels of cutting ties with Kanye West, a.k.a. Ye, over anti-Semitic statements he made. It has been widely vilified for its holiday ad campaign featuring children posed with plush teddy-bear bags wearing S&M bondage gear.The company pulled the ad with an apology on Instagram for what […]
Madhappy, the LVMH Ventures-backed fashion company, is blazing a trail for what a 21st-century brand can be and, more importantly, what it can do: make the world a better place one fashion piece at a time.Founded in 2017 by Peiman Raf, his brother Noah, Mason Spector and Joshua Sitt, Madhappy came from the recognition that […]
Throughout the critical holiday season of November and December, the National Retail Federation predicts retail takings will total between $942.6 to $960.4 billion, a 6% to 8% increase over last year. This estimate excludes spending at automobile dealers, gasoline stations and restaurants.The macro estimate includes all retail expenditures for gifts and other holiday-related purchases, plus […]
Speaker, author, and market researcher Pamela N. Danziger is internationally recognized for her expertise on the world’s most influential consumers: the American Affluent. As founder of Unity Marketing, Pam leads with research to provide brands with actionable insights into the minds of their most profitable customers.
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