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☆ Retailers battle for uncertain back-to-school demand after ‘volatile’ quarter
▼ + stars: | 2023-06-06 | by ( Katherine Masters | ) www.reuters.com time to read: +5 min

[1/2] Shopping trolley is seen in front of Walmart logo in this illustration, July 24, 2022. U.S. shoppers' spending in the summer ahead of the college and K-12 school year has grown steadily since 2015, according to the National Retail Federation, a trade group. The chain is stocking Adidas' Samba and Gazelle sneakers ahead of the new school year, it said. The challenge for retailers is predicting whether parents will buy less clothing and sneakers when the cost of necessities - such as pencils, notebooks and laptops - strains many households. Retailers face a "volatile time," said Jessica Ramirez, a senior research analyst at Jane Hali & Associates.

Persons: Dado Ruvic, Locker, Spencer, hasn't, Ralph Lauren, Nordstrom, Doug McMillon, John David Rainey, Jessica Ramirez, Jane Hali, Moody’s, Moody's, Maxx, Martin Waters, Fran Horowitz, Jennifer Foyle, Abercrombie’s Hollister, URBN, Katherine Masters, Siddharth Cavale, James Davey, Gerry Doyle Organizations: Walmart, REUTERS, National Retail Federation, Ulta, Adidas, U.S . Commerce Department, Associates, Target, Moody's Victoria’s, Abercrombie & Fitch, Urban Outfitters, Abercrombie, Fitch, Free People, Thomson Locations: Britain, U.S, North America, New York, Bentonville , Arkansas, London

☆ The Balenciaga Comeback Is Happening
▼ + stars: | 2023-06-01 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

Demna, the mononymic designer of Balenciaga, that former harbinger of all things haute and cool that experienced a highly public fall from grace last winter, simply cannot resist a visual metaphor. So what does it say that his resort collection, released digitally on May 30, features a video of models emerging from the vaulted wooden doors of the Balenciaga headquarters on Avenue George V, walking back into the world in their shoulder pads, hoodies and beaded gowns, only to be doused by a sudden downpour? Coming three days after the end of a Cannes Film Festival in which more Balenciaga appeared on the red carpet than it had since last November, the message is pretty clear: Balenciaga is in the midst of its comeback, baby. Welcome to the next stage of The Return. Or, as Mosha Lundström Halbert called it on TikTok, the “Balenciagassance.” If the Balenciaga powers that be can pull it off, they will have added a new chapter to the story of early 21st-century cancel culture, becoming not just a case study on mismanagement in a crisis, but one on how to strategize a recovery without the public defenestration of the decision makers involved.

Persons: Balenciaga, George V, Halbert Organizations: New York Stock Exchange, Cannes Locations: Russia, Ukraine

☆ A TikToker with 3M followers who turned his business into a lifestyle brand shares how much he made in sales and profits in under 2 years
▼ + stars: | 2023-05-30 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Sooraj Saxena has almost 4 million followers on TikTok, Instagram, and YouTube. Here's how much he's earned from an apparel line he created based on his follower's comments. While Saxena started growing his online presence through Instagram and YouTube, he said TikTok was the true game changer. Today, the South Asian American creator has a combined following of almost 4 million followers across TikTok, Instagram, and YouTube. Though he first gained popularity through his chai pouring videos, he's pivoted his content to short forms and skits that he writes himself.

☆ How the costumes of ‘American Born Chinese’ straddle fantasy and reality
▼ + stars: | 2023-05-27 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +6 min

CNN —“American Born Chinese,” the new Disney+ show based on Gene Luen Yang’s graphic novel of the same name, transports viewers to two distinct realms: Heaven, via iconic Chinese mythology, and Earth, via an American high school. The first centers on Jin Wang (Ben Wang), a Chinese American teenager at a mostly White high school. One of the storylines of "American Born Chinese" is rooted in classic Chinese mythology. But having so much Chinese and Chinese American representation on screen and behind the scenes proved immensely helpful. Sally Woo, a Chinese American costumer on the show, told Cretton stories about the Monkey King she heard from her mother and grandmother, and shared other media adaptations of “Journey to the West” for inspiration.

Persons: CNN —, Gene Luen, Joy Cretton, You’re, Jin Wang, Ben Wang, Jin, Wei, Chen, Jimmy Liu, Carlos Lopez, Disney Wei, Cretton, Sun Wukong, Daniel Wu, –, ”, Huy Quan, Freddy Wong, Cretton –, Maui –, Sally Woo, King, “, ” Cretton, Kelvin Yu, Bull, – Cretton, Phillip Lim, Prabal Gurung, Sun, Michelle Yeoh, Mercy, Lim, Yeoh Organizations: CNN, CNN — “, Disney, “, diamante Locations: United States, American, Disney, Chinatown, Los Angeles, California, Maui, Heaven

☆ Opinion | If You’re Reading This, You’re Probably ‘WEIRD’
▼ + stars: | 2023-05-26 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +83 min

You’re probably very weird, and not just for all the obvious reasons you’re thinking of. Because, obviously, there’s going to be some overlap in the curve here. How you’re going to behave with your professor is quite different than how you’re going to behave with your friends. But it’s really kind of faceless, and you’re not really helping anybody you know. I think things are dynamic, and directions are changing, and that sort of thing.

☆ At the PGA Championship, Golf’s Forbidden Fruit: The Hoodie
▼ + stars: | 2023-05-20 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/golf-pga-championship-hoodies-style-course-dress-code-cbe5d210

☆ Loving trainers: JD Sports' profit to top 1 billion pounds
▼ + stars: | 2023-05-17 | by ( James Davey | ) www.reuters.com time to read: +2 min

SummarySummary Companies Underlying profit in 2022-23 was 991.4 mln stgSales up over 15% in first 13 weeks of new yearLONDON, May 17 (Reuters) - JD Sports Fashion (JD.L) said on Wednesday it expected profit to exceed 1 billion pounds ($1.3 billion) for the first time this year as demand for trainers, joggers and hoodies from its younger shoppers keeps growing. For the first 13 weeks of its new year, JD posted organic sales growth of more than 15%. Shares in the group have increased 30% so far this year, giving it a market capitalisation of 8.8 billion pounds, more than the market value of supermarket Sainsbury's and Marks & Spencer - two stalwarts of British retailing. For its last financial year ending Jan 28, it reported profit before tax and exceptional items of 991.4 million, up from 947.2 million pounds in 2021-22. For 2023-24 it forecast 1.03 billion pounds.

☆ These 2 millennial brothers quit their jobs to focus on their side hustle so they could 'get out of bed and not dread work'
▼ + stars: | 2023-05-14 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

Josh and Arran Stewart quit their jobs in March to focus full-time on their side hustle. They started clothing brand Illicit Bloc with about $2,500 after being furloughed in the pandemic. After being furloughed, the brothers decided to launch their clothing brand, Illicit Bloc, as a side hustle in April 2020. After the brand started gaining some traction last year, the brothers from Buckinghamshire in England realized it might be time to focus on their side hustle full-time. Arran and Josh Stewart work together on the design and sampling.

☆ Is Supreme Still Cool?
▼ + stars: | 2023-05-10 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

Fleet fingers were once a requisite if you wanted to purchase anything from Supreme, the New York brand that effectively created the market for can’t-live-without-it streetwear. On drop days (Thursdays at 11 a.m. Eastern), the brand’s box-logo hoodies, droll home goods and collaborations with companies like the North Face and Nike would race out of stock within seconds. To even acquire a $40 T-shirt required keying in your credit card number at superhuman speed.

☆ Is Supreme’s $2 Billion Empire Cooling Off?
▼ + stars: | 2023-05-09 | by ( Jacob Gallagher | ) www.wsj.com time to read: 1 min

☆ So, Mark Zuckerberg is shredded now
▼ + stars: | 2023-05-09 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +1 min

Shredded Zuck wins jiu-jitsu matches. Hi, shredded Zuck. Silicon Valley, meet shredded Mark Zuckerberg. On Saturday, Zuckerberg took to Facebook — of course — to share photos of himself competing at a jiu-jitsu tournament in Redwood City, California. Hello, shredded Zuck.

☆ Watch an exasperated Matt Gaetz in a Nirvana shirt coach Ron DeSantis on how to debate people properly in a video from 2018
▼ + stars: | 2023-05-08 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

A video from 2018 shows a dressed-down Matt Gaetz coaching Ron DeSantis on how to debate. Gaetz is also seen slumping onto the podium midway through debate prep. At the time of the video, Gaetz was a Florida congressman, while DeSantis had resigned to run against Gillum. Gaetz was one of the people enlisted to help DeSantis prep for debates. "I ran the Desantis Debate Prep in 2018.

☆ Katy Perry loses a trademark battle with a fashion designer called Katie Perry
▼ + stars: | 2023-04-30 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Pop singer Katy Perry lost a 15-year trademark battle with a clothing designer named Katie Perry. The "Teenage Dream" singer partially infringed the trademark of the designer's business. "This is a tale of two women, two teenage dreams and one name," the judge said in her ruling. The trademark battle spanned 15 years as the performer attempted to block the designer from registering the trademark and sought to stop her using it before dropping the move, Katie Perry claimed. The clothing designer registered her brand name Katie Perry in 2008, a year after she started selling clothes under that name.

☆ The White House Correspondents’ Association Dinner Best Dressed
▼ + stars: | 2023-04-30 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

John FettermanThe senator from Pennsylvania continues his streak as one of the most notable dressers in Washington. Given that he only recently returned to the capital after being treated for depression, joining the melee on the red carpet at the W.H.C.D. with his wife, Gisele Barreto Fetterman, was a deliberate statement about his recovery, his willingness to be open about his experience and his resilience. Still, he didn’t entirely abandon the just-a-regular-guy wardrobe that helped get him elected and that has been part of his signature even in Washington. They are a sign that he knows what he stands for — and in.

☆ An ex-Walmart cashier made $6 million in revenue in 3 years selling things online. Here's how she got started and her top 5 tips for print-on-demand products.
▼ + stars: | 2023-04-30 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

It's a low-cost way to sell products online because you don't need inventory. She had purchased an ebook about how to make money online and then realized it had an affiliate link she could promote. Finding something that stuckIt was around this time that she began dabbling with print-on-demand products. The demand was strong from others who were also offering print-on-demand products. She estimates that about 30% of the revenue came from selling her print-on-demand products.

☆ This reseller's side hustle started as a way to get his family out of debt. Now he's made over $1.4 million on StockX by working around 10 hours a month.
▼ + stars: | 2023-04-20 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

Ray Cao began reselling sneakers and apparel at 17 to help get his family out of debt. As a teen, Cao's parents racked up gambling debt and invested in penny stocks that backfired, he told Insider. "What got me into reselling was just being desperate to improve the financial situation for my family," Cao said. Ray CaoReselling on StockX costs more but saves timeA turning point for Cao's business came when StockX asked for a meeting a few years ago. "It's true that you don't make the best money on StockX," Cao said, referring to fees the marketplace charges for orchestrating a sale.

CNN —Police are on the hunt for the people behind a “dime and dash” theft in northeast Philadelphia. At around 6 a.m. Thursday, thieves broke into an unmarked trailer left in a Walmart parking lot, the Philadelphia Police Department told CNN, and made off with about 2 million dimes. Dimes were scattered across the parking lot and the main road nearby. The driver had picked up the coins at the US Mint in Philadelphia and was headed for Florida, according to CNN affiliate WPVI-TV. He left the trailer in the parking lot and went home to get some sleep before the next leg of his journey, the station reported.

Senator John Fetterman has been discharged from hospital where he was treated for weeks for depression, his office said on Friday, adding he will return to the Senate mid-April. Fetterman's depression is now in remission, his office said in a statement, citing a doctor. Fetterman had checked into a Washington-area hospital for treatment for clinical depression in mid-February. Fetterman, who suffered a stroke last May and later acknowledged he had "almost died," has faced challenges adjusting to life in the Senate during his recovery. During the course of Fetterman's depression treatment, his speech abilities also improved as he worked with speech-language specialists, his office said on Friday.

☆ A cryptic message that's been on Blockbuster's website for months has people wondering if it'll make a comeback
▼ + stars: | 2023-03-25 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

People recently noticed a message on Blockbuster's website: "We are working on rewinding your movie." The message sparked speculation of a possible comeback and nostalgia for the defunct rental stores. People recently noticed that a message greets you when you visit Blockbuster's website. Before that, the website showed a message from its current owner, Dish Network, directing people to Dish's on-demand service. So far, Dish hasn't commented on whether the message on the website means anything, and the company did not respond to Insider's request for comment ahead of publication.

☆ This high-school teacher mocks rich people who pay hundreds of dollars for designer dog collars and now has 1.5 million TikTok followers
▼ + stars: | 2023-03-12 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

Shabaz Ali is a chemistry teacher who's gained 1.5 million TikTok followers by mocking the rich. His audience knows him as "the CEO of 'I'm rich, you're poor,'" – a series of videos in which Ali satirizes the luxurious lifestyles some people share online. "We don't want to sit there being bombarded with images of beautiful people doing beautiful things with their beautiful money." He has no plans to become an influencer himself and won't be quitting his teaching job any time soon. Despite getting 177 million views on TikTok in December, he says he earned just £28 ($33.)

☆ The unraveling of fintech darling Vise
▼ + stars: | 2023-03-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +28 min

It was April, and more than two dozen salespeople who worked for the fintech startup Vise had been ordered to a multiday off-site at the W Hoboken hotel in New Jersey to share exhaustive reports on their performance. Even salespeople at bigger, established, top-tier investment-management firms typically wouldn't close $250 million in a year, multiple sales employees said. (K-means clustering is an unsupervised machine-learning algorithm often referred to as a form of AI, Vise's founders said). (Vise's founders disputed this, saying the company received updated financial data only once a day for its portfolio-construction engine.) And to address its "leaky funnel" of overestimating prospective sales, Vise was to stop outreach to new clients while it onboards and upsells to existing clients, the document said.

☆ LeBron James' business partner Rich Paul unveils new sportswear brand with New Balance
▼ + stars: | 2023-02-15 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

Klutch Athletics will support and serve athletes throughout their athletic journey including youth, collegiate and professional sportsRich Paul, the sports agent who represents LeBron James, is launching a new sportswear brand with New Balance. The new brand will be called Klutch Athletics, and the company says its mission is to provide all athletes with high-quality training apparel and empower them throughout their sports journey. For New Balance, the partnership offers a fresh new angle in combining sports and culture. The Boston-based footwear and apparel brand has seen a resurgence of late, with Foot Locker CEO Mary Dillon calling out the brand's momentum on her company's earnings call in November. New Balance sales were up 70% for the sneaker store during the third quarter, Dillon said.

☆ Under Armour boosts profit forecast as discounts spur demand
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Feb 8 (Reuters) - Under Armour Inc (UAA.N) raised its annual profit forecast on Wednesday, sending shares up 8% premarket, after quarterly results got a boost from resilient consumer spending and deep discounts that reeled in holiday shoppers. It expects gross margin for the full year to decline at the higher end of its prior forecast of 375 to 425 basis points. A strong U.S. dollar and higher freight and manufacturing charges pushed down its third-quarter gross margins by 650 basis points to 44.2%. The Baltimore, Maryland-based apparel firm posted third-quarter adjusted profit of 16 cents, beating analysts' average estimate of 9 cents, according to Refinitiv IBES data. It expects adjusted profit of 52 cents to 56 cents per share for fiscal 2023, compared with its previous forecast of 44 cents to 48 cents.

Advertising meme account @digital_chadvertising had decidedly humble beginnings on its way to becoming a popular outlet for industry workers to voice their frustrations, connect with each other and share marketing news. @digital_chadvertising has since gained nearly 80,000 followers on Instagram while mocking everything from industry acronyms to Twitter’s recent advertiser exodus. That does not match the Instagram followings of the leading ad trade publications, but it tops those of large ad-agency networks and other industry accounts. Some prefer formats and platforms that don’t fit the strict definition of a meme but still use the meme world’s sardonic tone to target an industry niche. “The line is so thin between meme and work with my specific niche,” said @digital_chadvertising.

“The Scorpion unit was involved,” Shelby County, Tennessee, District Attorney Steve Mulroy said Thursday at a news conference where he announced murder charges against five officers. Davis has called “heinous, reckless and inhumane,” has increased scrutiny of the city’s reliance on specialized units to suppress violent crime. This week, Davis announced a review of all of the police department’s specialized units, including Scorpion, in response to Nichols’ death. Memphis’ Scorpion unit was created in October 2021 under the police department’s Organized Crime Unit. Mayor Jim Strickland promoted the new Scorpion unit as part of the solution in his January 2022 State of the City speech.

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