Archive | July, 2022

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What Web 3.0 And Changing Consumer Psychographics Mean For Luxury Brands

Web 3.0 is coming fast. While it still hasn’t been fully realized, it promises to mark the end of the domination of the internet by power platforms, like Google, Facebook and Twitter and put users in charge.“This third generation of internet services will be the catalyst for a new internet, connecting data-driven technologies like artificial […]

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The Clock Ran Out Too Soon For Mark Tritton At Bed Bath & Beyond

Bed Bath & Beyond has been battered by Wall Street since its most recent earnings call. Shares have dropped from a little over $33 a year ago to trading around $5 recently. Sales in the first fiscal quarter ending May 28, 2022 dropped 25%, from nearly $2 billion last year to $1.5 billion this.Just a year […]

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Resale Threatens to Disrupt the Fashion Industry. ThredUp Gives Brands an Antidote.

The fashion industry’s business model is one based upon planned obsolescence. Each season thousands of fashion brands introduce whole new collections, and major shifts in fashion trends come along predictably every five to seven years, all intended to stimulate a slew of new fashion purchases.But people and the planet pay a heavy price for indulging […]

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With IPO in the Works, Blue Nile Plans To Make Diamond Jewelry More Accessible

Blue Nile, a market leader in online diamond jewelry, has combined with Mudrick Capital Acquisition Corp. II, a special purpose acquisition company (SPAC), to take the company public with an expected listing on NASDAQ in early fourth quarter 2022.The company is valued at $873 million and is anticipated to generate some $450 million in capital […]

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Why Neiman Marcus Is Where the Young and Wealthy Want to Shop

Inflation and rising interest rates have taken a toll on U.S. CEO confidence. In the latest The Conference Board survey, nearly 70% of CEOs expect a recession to result from the Federal Reserve’s tightening monetary policy – 57% see a short, mild recession coming and 11% a challenging one. Another 20% expect an extended period […]

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