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That beats the fiscal year of rival fast fashion company H&M. AdvertisementIt appears we consumed quite a bit of fast fashion last year. AdvertisementFor a generation of shoppers who say they like to be environmentally conscious, that's a lot of fast fashion — an industry that relies on cheap labor but comes with a heavy environmental cost. Still, it was a recognition from the fast fashion giant that it knows who its audience is and what they care about. But for now, it's onward and upward for fast fashion.
Persons: Zers, millennials, , Barron's, It's, Shein, Janus, Jadrian Wooten Organizations: Service, Financial Times, United Nations Environment, New, Virginia Tech, Sheffield Hallam University, & $ Locations: Zara, England, Guangzhou, China
Read previewWhen Netflix announced it was mulling a ban on password sharing a few years ago, subscribers immediately balked. For years, Netflix turned a blind eye to password sharing, even winkingly encouraging it on social media. Sorry, the password crackdown workedTo the dismay of the #CancelNetflix-ers, the password reckoning has paid off — handsomely. In the third quarter of 2023, Netflix reported that it added 8.8 million subscribers, vastly exceeding expectations. The fourth quarter numbers yielded even better results: 13.1 million global subscribers for a total of more than 260 million, Business Insider's Lucia Moses reported.
Persons: , Nobody, Netflix's, leeching, Insider's Lucia Moses, That's, Jadrian Wooten, Wooten, What's Organizations: Service, Netflix, Business, Disney, Paramount, Virginia Tech, Virginia Tech News
The mall where Black Friday refuses to die
  + stars: | 2022-11-25 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +10 min
Black Friday serves as the kickoff of the holiday shopping season here, ever since mall officials decided seven years ago to close on Thanksgiving Day. Jamie Kelter Davis for CNNShoppers walk through the mall during the day. “This particular year is going to be a real test of the traditional Black Friday shopping mall experience,” he said. Jamie Kelter Davis for CNNThe 30th Black Friday at the ‘megamall’The Mall of America was America’s brand-new “megamall,” hosting its first-ever Black Friday on November 27, 1992. Jamie Kelter Davis for CNN
The pumpkin spice latte is back — and the popular and meme-ified seasonal drink can teach us a lot about consumer behavior and economics. Starbucks debuted the pumpkin spice latte in 2003, and the "PSL" grew to be the company's most popular seasonal drink, selling more than 600 million since inception and fueling its adoption by rival coffee chains and neighborhood cafes. The pumpkin-spice craze has grown far beyond coffee to ice cream, craft beer, baked goods, yogurt — even dog food. And companies are issuing pumpkin-spice products earlier and earlier — weeks before the fall season officially starts. "It's very simple economics," said Jadrian Wooten, an economics professor at Virginia Tech.
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