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☆ An M&A expert says creator-economy companies need to look beyond influencers to grow
▼ + stars: | 2024-08-12 | by ( Dan Whateley | Sydney Bradley | ) www.businessinsider.com time to read: +6 min

Instead, look at companies that sell tools for content creation that service a wider swath of users, Lambros told Business Insider. BI spoke to Lambros about the state of the creator economy and the firm's recent report on the industry. The creator economy needs to crack B2BCompanies should not rely on influencers to make it big. Publicly traded companies within the creator economy include Shopify, Eventbrite, Roblox, and Reddit. Private-equity firms, an increasingly common buyer in the startup space, still have some learning to do about the creator economy, he said.

Persons: —, John Lambros, Houlihan Lokey, They're, Lambros, upstarts, it's, Permira, That's Organizations: Service, Business, Fortune, Avid, Networks, Publicly, YouTube Locations: Lambros

☆ Apartments, hockey rinks and Amazon warehouses: Macy's closures will set off a wave of change at shopping malls
▼ + stars: | 2024-08-12 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +6 min

Shoppers walk through the Fashion Centre at Pentagon City, a shopping mall in Arlington, Virginia, February 2, 2024. As of early May, the company had 503 Macy's stores, including a small number of other concepts outside of malls. There were 352 shopping malls classified as Class A and B at the end of 2016, according to company reports, S&P Capital IQ and Coresight Research. That decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022, according to the companies' research. At some distressed malls, Macy's may be the last anchor that remains.

Persons: Justin Sullivan, Macy's, Tony Spring, Chris Wimmer, Saul Loeb, Taylor, Anand Kumar, Kumar, Naveen Jaggi Organizations: Fitch, Shoppers, Fashion Centre, Pentagon, Afp, Getty, JCPenney, Coresight, Nordstrom, Belk, Foods, Brookfield Properties Grocery Locations: San Leandro , California, Arlington , Virginia, U.S, JLL, San Francisco

☆ LVMH puts mark on Olympics as luxury brands embrace sports
▼ + stars: | 2024-08-11 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +2 min

The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Whether it's the Moët champagne poured to celebrate a win or the custom trunks that Louis Vuitton has made for medal ceremonies, luxury has been on full display at the 2024 Paris Olympic and Paralympic Games. To Carly Duguid, the creative director for tennis and fashion star Naomi Osaka, luxury fashion and athletics are the perfect combination. Osaka was the first athlete to partner with Louis Vuitton, whose roster now includes Victor Wembanyama, Carlos Alcaraz, and many French Olympians and Paralympians. LVMH has looked to make a big splash beyond just athlete partnerships, becoming the first luxury brand to be an Olympic sponsor.

Persons: Louis Vuitton, Carly Duguid, Naomi Osaka, Duguid, Victor Wembanyama, Carlos Alcaraz, LVMH, Gucci, Jack Grealish, Jannik Skinner, Caitlin Clark, Prada, Celine, Loewe, Sephora, Dom Perignon Organizations: Olympic, Paris Olympic, Paralympic Games, CNBC, French Locations: LVMH, Paris, Osaka

☆ Recession Fears Are Fueling Stock Market Crash, Wall Street Chaos
▼ + stars: | 2024-08-11 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

While there was some demand for protection against the prospect of volatility reemerging, overall sentiment across Wall Street had gotten more bullish. Until Wall Street can be sure that the consumer will hold on (or not), conviction is easily shaken. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. After years of weird times and outsize gains, Wall Street is dancing on a knife's edge. What happened on Monday was a sudden realization that the new structure may assert itself before Wall Street imagined it would.

Persons: —, Jerome Powell, we've, they'd, corporates, Dow, Mandy Xu, Cboe's, Wall, Torsten Slok, Slok, Shake, Kevin Gordon, Charles Schwab, they've Organizations: Dow Jones, Bank of Japan, Big Tech, Federal Reserve, Nasdaq, Wall, Apollo Global Management, Corporations, Companies Locations: Asia, Japan, Mexico

☆ Restaurant CEOs’ new favorite word is value as they aim to bring back customers
▼ + stars: | 2024-08-11 | by ( Amelia Lucas | ) www.cnbc.com time to read: +6 min

"The word 'value' has received a lot of airtime in the past few months," Josh Kobza, the CEO of Burger King parent company Restaurant Brands International , said on Thursday. Value for shareholdersA drive-through area of a Burger King restaurant in Peoria, Ill. Daniel Acker | Bloomberg | Getty ImagesCompanies aren't just thinking about offering value for customers — they're also thinking about shareholder value. For example, Burger King was one of the first chains to unveil a $5 value meal this summer. When its rivals followed suit with their own $5 discount deals, the Restaurant Brands chain didn't see any clear impact to its business. "There are actually some positives to the focus on value across the industry," Restaurant Brands' Kobza told CNBC.

Persons: Mario Tama, McDonald's, Josh Kobza, Burger, There's, Taco Bell, Papa, Ravi Thanawala, Chris Kempczinski, Richa Naidu, Kempczinski, it's, Brian Niccol, Adam Jeffery, Niccol, John Peyton, IHOP, It's, Peyton, Daniel Acker, — they're, They're, Burger King, Kobza Organizations: Getty, Taco Bell, Yum Brands, Restaurant Brands, Bureau of Labor Statistics, Burger King, Reuters, Grill, CNBC, Brands, Peoria , Ill, Bloomberg, Starbucks, U.S Locations: Burbank , California, Burger King, Oak Brook , Illinois, Peoria ,

☆ Locked-up merchandise is turning off shoppers at CVS, Walgreens, and other big drugstores
▼ + stars: | 2024-08-11 | by ( Alex Bitter | Dominick Reuter | ) www.businessinsider.com time to read: +6 min

Read previewDrugstores like CVS, Walgreens, and Rite Aid have long been the spots where you can pick up essentials like a can of soup or some Tylenol in addition to your prescriptions. Another appears to show a Rite Aid store with an even wider selection of locked-up merchandise, including tortilla chips and microwavable ramen. Rite Aid did not immediately respond to a request for comment. She said she even avoids taking orders that involve shopping at one particular Walgreens store due to all the locked-up goods there. Do you work at CVS, Walgreens, Rite Aid, or another drugstore chain and have a story idea to share?

Persons: —, that's, Neil Saunders, Saunders, Duane Reade, Walgreens execs, Tim Wentworth, GlobalData's Saunders, dreuter@businessinsider.com Organizations: Service, Walgreens, Rite, Business, Global, CVS, Rite Aid, Companies, Walmart, Target Locations: Brooklyn , New York, Nevada

☆ Bob Iger teases 'Mandalorian' movie, 'Moana' sequel and 'Incredibles 3' at D23 fan event
▼ + stars: | 2024-08-11 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +4 min

Read previewAt Disney's biennial D23 event this weekend, CEO Bob Iger teased the return of fan-favorite characters from "The Mandalorian" and "Toy Story" in new movies and shows from the entertainment giant. The event, which runs through August 11th in Anaheim, California — where Disneyland Park makes its home — highlights the projects Disney is working on in its animation studios and theme parks worldwide. AdvertisementAmong the projects Disney highlighted at this year's event was a trailer for an upcoming film from the "Star Wars" universe, "The Mandalorian and Grogu" directed by Jon Favreau. "Toy Story 5" will be released in theaters on June 19, 2026, but "The Incredibles 3" does not yet have a release date. "We are grateful for every moment, every memory that we're fortunate enough to be part of," Iger said.

Persons: —, Bob Iger, Walt, Iger, Jon Favreau, Pedro Pascal, Cravalho, Dwyane, Johnson, James Cameron, King Organizations: Service, Disney, Business, Pixar Animation Studios, Disney Entertainment Locations: Anaheim , California, Maui

☆ This new 'Shazam' for fashion app could change the way the world shops online
▼ + stars: | 2024-08-11 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

Capsule aims to revolutionize shopping with an interactive app for on-demand product discovery. The app uses computer vision and generative AI to identify and recreate products globally. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . That's the vision behind the interactive shopping app Capsule. In 2019, Amazon unveiled StyleSnap, an AI-driven tool that matched fashion photos users uploaded with products on its site.

Persons: — Organizations: Service, Amazon, Target, Business

☆ Activist Oasis suggests three steps to build shareholder value at embattled Kobayashi Pharmaceutical
▼ + stars: | 2024-08-10 | by ( Kenneth Squire | ) www.cnbc.com time to read: +9 min

Activist Commentary: Oasis Management is a global hedge fund management firm headquartered in Hong Kong with additional offices in Tokyo and Austin, Texas, as well as the Cayman Islands. Kobayashi Pharmaceutical is a Japan-based pharmaceuticals and consumer products company. It would imbue the company with a sense of urgency to improve operational performance, corporate governance and shareholder value maximization. But that is also a long shot, even at a company with corporate governance issues as we have here. The firm is a top-tier Japan shareholder activist and if anyone can get board seats in Japan, it is Oasis.

Persons: Seth Fischer, Oasis, Kobayashi, Akihiro Kobayashi, Kazumasa Kobayashi, Satoshi Yamane, Ken Squire Organizations: Kobayashi Pharmaceutical, Business, Company, Oasis Management, Oasis, Ain Holdings, Kobayashi's, Tsuruha Holdings, Kao Corp, Taisho Pharmaceutical Holdings, 13D Locations: Japan, Hong Kong, Tokyo, Austin , Texas, Cayman Islands, Asia, Europe, Kobayashi, Hokuetsu, Ain

☆ I tried a 'kid-safe' smartphone with no social media. I loved it but would change one thing.
▼ + stars: | 2024-08-10 | by ( Julia Pugachevsky | ) www.businessinsider.com time to read: +8 min

Gen Alpha is poised to be the most online generation, with AI and other inevitable advancements in technology and social media. I loved the phone, but using it for a week also made me realize how complicated excessive social media use is to solve. AdvertisementIt all reminded me of a conversation I had earlier this year with an ex-digital brand strategist about reducing social media use. I'd see memes from friends who forgot to text my Gabb phone and would get sucked right back into social media. Plus, the only reason I have social media boundaries at all is because I grew up being encouraged to have hobbies.

Persons: —, I've, Alpha, Julia Pugachevsky, it'd, Sabrina Carpenter's, GabbMessenger, It's, they'll Organizations: Service, Business, Apps, Spotify

☆ Insider Today: A shot to reverse aging
▼ + stars: | 2024-08-10 | by ( Joi-Marie Mckenzie | ) www.businessinsider.com time to read: +7 min

On the agenda:This story is available exclusively to Business Insider subscribers. AdvertisementVeronica Thatcher, who's worked at Costco for 18 years, told Business Insider she also spotted "Halloween- and harvest-themed decorative pillows" in the big-box store this month. According to eMarketer, Lowe's made Halloween merch available online on June 1 and it'll be available IRL on August 23. iStock; Rebecca Zisser/BIWealthy patient, healthy jointsIt's hard to slow down aging, but the wealthy are giving it their best shot, literally. More of this week's top reads:The Insider Today team: Jordan Parker Erb, editor, in New York.

Persons: —, I'm, Chelsea Jia Feng, you've, Veronica Thatcher, who's, Mike Booth, prepping, eMarketer, Lowe's, Taylor Rains, Insider's Taylor Rains, Beond, Rebecca Zisser, Bryan Johnson, — Johnson, Edward Berthelot, Burberry, Natalie Ammari, they've, Kit Harington, Oscar, Anthony Hopkins, Jordan Parker Erb, Dan DeFrancesco, Lisa Ryan, Amanda Yen Organizations: Service, Business, Retailers, Costco, CFVR, Home Depot, Burberry, US, HBO, Paramount, Showtime Locations: Alberta, Canada, Michaels, Italy, Maldives, Dubai, Bahamas, British, London, Nazi, New York, New York City

☆ Brands should avoid this popular term. It’s turning off customers
▼ + stars: | 2024-08-10 | by ( Erika Tulfo | ) edition.cnn.com time to read: +4 min

A study published in the Journal of Hospitality Marketing & Management in June found that describing a product as using AI lowers a customer’s intention to buy it. “Way before people even heard about AI, those movies shaped people’s perception of what robots that run by AI can do to humanity,” he said. …and a lack of transparencyAnother part of the equation influencing customers is the perceived risk around AI – particularly with how it handles users’ personal data. This lack of transparency is something that Gursoy warns has the potential to sour customers’ perceptions towards brands they may have already come to trust. “Rather than simply putting ’AI-powered’ or ’run by AI,’ telling people how this can help them will ease the consumer’s fears.”

Persons: ”, Dogan Gursoy, ’, ChatGPT, Gursoy, …, “ Organizations: CNN, of Hospitality Marketing, Management, Taco Bell, Washington State University, “, Google, Hollywood

☆ Samsung recalls over 1 million electric ranges due to fire hazard
▼ + stars: | 2024-08-09 | by ( Marlene Lenthang | Marlene Lenthang Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +2 min

Samsung has issued a recall for over 1 million slide-in electric ranges due to fire hazard after the company received reports that its front knobs could be unintentionally activated by people or pets, and resulted in 250 blazes. Since 2013, Samsung received over 300 reports of the "unintentional activation" of the range's front-mounted knobs by humans or pets. Samsung is offering free knob locks or knob covers as a remedy to the issue. Further, some Samsung ranges with Wi-Fi connectivity can send users a notification via the Samsung SmartThings app to warn when a burner is activated. The company is also participating in a CPSC “Joint Gas and Electric Range Knob Working Group” along with other major brands to improve knob safety standards.

Persons: ” Organizations: Samsung, U.S . Consumer Product Safety, ” Samsung, Gas Locations: U.S, ”

☆ How supershoes are redefining the Olympic marathon
▼ + stars: | 2024-08-09 | by ( Susan Baek | News Associate | ) www.nbcnews.com time to read: +6 min

Previously, running shoes were “flats” designed with a less-is-more approach. Carbon-plated supershoes from various brands are now worn by your average runners chasing personal records at major marathons around the world. Since the Vaporfly’s debut in 2016, runners have shattered world records, including achieving a sub-two-hour marathon. Japanese marathon runner Yusuke Ogura wears Nike Zoom Vaporfly running shoes in Marugame City in 2020. But while supershoes have transformed the landscape of professional running, the sport requires much more than a sturdy pair of running shoes.

Persons: ”, Elliott Heath, Heath, Fiona O’Keeffe, James Gilbert, ” O’Keeffe, “, LZR, Yusuke Ogura, Kota, Vaporflys, ” Heath, Tigst Assefa Organizations: Nike, Paris Olympics, Team USA, Puma, U.S, NASA, Kota Kawasaki, The New York Times, Athletics, Tokyo, Marathon, Adidas, Olympics, World Athletics Locations: Rio, Paris, Orlando, Fla, Marugame City, Vienna, Tokyo

☆ DuPont's AI ties drew us in, but its water unit may be the sleeper hit
▼ + stars: | 2024-08-09 | by ( Paulina Likos | ) www.cnbc.com time to read: +11 min

DuPont's water business DuPont is considered a leader in purification and specialty-separation technologies that generates cleaner water for industries, governments, and communities. Arun Viswanathan, analyst at RBC Capital Markets, characterizes Dupont's water business' next-generation products as being "at the top of the technology pyramid." Dupont's water business is the smallest of the three companies that will be created by the breakup. As this exercise shows, DuPont's water business as a standalone firm would certainly deserve that compared to some. Potential M & A It's possible DuPont's water business never makes it to standalone status.

Persons: we've, Jim Cramer, It's, Lori Koch, it's, Aleksey Yefremov, Arun Viswanathan, Viswanathan, Dupont, RBC's Viswanathan, DuPont, KeyBank's Yefremov, EBITDA, Pentair, Veralto, Yefremov, They'll, they'll, —, Koch, Ed Breen, Jim Cramer's, Jim, Jeff Fusco Organizations: DuPont, CNBC, JPMorgan, Bank, Barclays, RBC Capital Markets Locations: China, North America, Asia, East, Africa, America, Yefremov, Wilmington , Delaware

☆ How Taylor Swift and Blake Lively helped 'Deadpool and Wolverine' editor land the job of a lifetime
▼ + stars: | 2024-08-09 | by ( Nicolas Vega | ) www.cnbc.com time to read: +3 min

Shane Reid's journey to co-editing the smash-hit "Deadpool and Wolverine" started, of all places, with Taylor Swift. "Blake sold me through and convinced Ryan and [Director] Shawn [Levy] I was someone they should bring on." In an Instagram story following the release of "Deadpool and Wolverine", Reynolds credited Lively for encouraging him to give Reid a chance. "My wife directed a music video and fell in love with her editor @sreid2," he wrote. Plus, sign up for CNBC Make It's newsletter to get tips and tricks for success at work, with money and in life.

Persons: Shane Reid's, Taylor Swift, Reid, Hennessy, Blake Lively, Charlie Puth, ’, Ryan, Ryan Reynolds, Blake, Shawn, Levy, Deadpool, Reynolds, Lively, @sreid2, I've, I'm, Jason, Ivan Reitman, it's, Reitman Organizations: BMW, Adidas, CNBC

☆ Why Ibiza is having a fashion moment once again
▼ + stars: | 2024-08-09 | by ( Suyin Hayes | ) edition.cnn.com time to read: +8 min

CNN —There are two rather different perceptions of the Balearic island of Ibiza near Spain. “Today, (Ibizan style) still persists and is absolutely recognizable anywhere in the world.”Fashion brand Reformation dedicated their latest summer collection to Ibiza. ReformationAs well as on-island boutiques such as Annie’s Ibiza and Vicente Ganesha, Ibiza style is celebrated by Loewe’s creative director Jonathan Anderson, who grew up vacationing in Ibiza, and since 2017, has spearheaded a high end collaboration between the luxury house and another legendary local institution Paula’s boutique. “When the pandemic happened, there was a chance to reframe what Ibiza was about: slow travel, wellness and mindfulness,” Fonner said. “I don’t really think (Ibiza) has gained popularity in recent years; I believe it has always been popular artistically,” she said.

Persons: Gala Mora, Freddie Mercury, Grace Jones, Bob Marley, ” Mora, ”, Vicente Ganesha, Jonathan Anderson, Shane Fonner, ” Fonner, ‘, Assouline, biennal, Sergio Sancho, Oriol, Oriol Maspons Sancho, Sancho, “, Irene de Andres, Mora Organizations: CNN, “, L.E.R, Enric, Contemporary Art Museum Locations: Balearic, Ibiza, Spain, North America, Bohemia, Agrotourism, Spanish, Madrid

☆ Eli Lilly's earnings rally is not done yet — plus, why TJX has stayed resilient in the volatility
▼ + stars: | 2024-08-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. It's a big one for retail with earnings from Home Depot and Walmart and, more broadly, the Commerce Department's July retail sales report. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Eli Lilly, Cowen, TJ Maxx, we'll, Jim Cramer's, Jim Organizations: CNBC, Taiwan Semiconductor Manufacturing Company, Apple, Nvidia, Management, Home Depot, Walmart, Commerce, TJX, Reserve, Jim Cramer's Charitable Locations: Marshall's

☆ Elon Musk’s X just sued a nonprofit advertising group out of existence
▼ + stars: | 2024-08-09 | by ( Ramishah Maruf | Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —A major ad industry group is shutting down, days after Elon Musk-owned X filed a lawsuit that claimed the group illegally conspired to boycott advertising on his platform. The end of GARM marks a temporary victory for Musk and X CEO Linda Yaccarino, even though a judge hasn’t made a ruling yet. “Everyone can see that advertising on X is a treacherous business relationship for advertisers,” they said. Following that, brands’ faced issues where their ads were placed next to illegal or harmful content, the group said in a statement. GARM said its group reduced such ads from 6.1% in 2020 to 1.7% in 2023.

Persons: Elon Musk, “, GARM, Linda Yaccarino, hasn’t, ” Yaccarino, Nandini Jammi, Claire Atkin, ”, Ørsted —, ’, Musk, X, CCDH Organizations: New, New York CNN, Global Alliance, Responsible Media, World Federation, Institute, Twitter, CVS, Unilever, Mars, Facebook, Brands, Center, Media Locations: New York, Danish, Texas, Christchurch New Zealand

☆ I landed a job in venture capital at 24 after changing my career path twice. Here's how I got the coveted job with a varied résumé.
▼ + stars: | 2024-08-09 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +6 min

My first job out of university was at a tech PR firm. I've always liked wearing different hats, and these threads led me to join Playfair, a generalist VC fund. I was so surprised at how relevant my PR experience wasI was so surprised at how relevant my PR experience was because so much of VC is investor relations. If your background is generalist and diverse, that kind of VC fund would likely suit you. But if you started your career with a technical background, you'd perhaps be suited to a deep tech fund.

Persons: Lucia Polverino, —, Piper Sandler, I've, I, Playfair, It's, it's, that's, grads Organizations: Service, Business, KKR, LexisNexis Locations: London, American

A popular influencer apologized this week for her past racist posts on social media, prompting outrage from some Black creators who say they are tired of white creators constantly having their previous racist behavior unearthed without significant repercussions. Who is changing if this same thing happens like clockwork?” said creator Cameron Kira in a TikTok video, which stitched footage from her own 2023 video in which she addressed a different creator’s racist tweets. Some Black creators also said that they feel white creators who previously posted racist remarks emphasize that they have changed with little evidence to suggest they have. She said it wasn’t until after college that she began to “shift her way of thinking.”In a follow-up video, Schofield said she “missed the mark” in her first attempt and directed her second apology to Black viewers. We get treated like adults.”People online have become desensitized to racism from white creators, according to Barry.

Persons: Brooke Schofield, George Zimmerman’s, Trayvon Martin, Black, I’m, ” Schofield, I’ve, Schofield, Schofield’s, Cameron Kira, Kira —, —, Zari Taylor, ”, ” Taylor, Brooke, they’ll, Taylor, YouTuber Tana Mongeau, it’s, Lie, Mongeau, Kahlen Barry, Vanessa Martinez, George Floyd, Derek Chauvin ., Barry, “, she’s “, i’ve, would’ve, Martin, ” Barry Organizations: New York University, NYU, Martin Foundation, ” Locations: Minneapolis, Mongeau

☆ The Global Alliance for Responsible Media is 'discontinuing' after Elon Musk's X filed an antitrust lawsuit against it
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Read previewThe advertising trade group The World Federation of Advertisers told its members on Thursday that it was "discontinuing" activities for its Global Alliance for Responsible Media initiative following an antitrust lawsuit filed by Elon Musk's X against the company earlier this week. This story is available exclusively to Business Insider subscribers. AdvertisementRepresentatives for the WFA and GARM didn't immediately respond to requests for comment from Business Insider. The platform's lawsuit alleged that after Musk acquired Twitter in 2022, GARM persuaded top brands not to advertise on it. The Committee has been investigating whether GARM members illegally colluded to demonetize conservative platforms and voices.

Persons: —, Elon Musk's, Stephan Loerke, Loerke, GARM, colluded, Ørsted, GARM didn't, Linda Yaccarino, wasn't, Musk, Jim Jordan, Russell Dye, Rumble, X didn't Organizations: Service, Federation, Global Alliance, Responsible Media, WFA, Business, Twitter, Unilever, Mars, CVS, WPP Locations: Texas, US, Ohio

☆ These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says
▼ + stars: | 2024-08-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

Related storiesThat makes sense because, per Germano, Gen Z Chinese buyers are less logo-orientated than their parents' generations. Saint LaurentGermano's third pick was the Saint Laurent Niki Medium bag, which retails for $3,150. Yves Saint LaurentThe Saint Laurent Le 5 à 7 Hobo handbag, which retails from $1,750 to $5,100, is another one of Germano's picks. Jeremy Moeller/Getty ImagesMaison Margiela's Replica sneakers are trendy among Chinese Gen Z-ers, Germano said. Like the understated Saint Laurent Le 5 à 7 Hobo, Maison Margiela's Replica sneakers are simple and discreet enough for everyday use.

Persons: —, Zers, Antonello Germano, Z, GG Marmont, Gucci, Marmont, Edward Berthelot, Germano, Gucci Horsebit, Jeremy Moeller, Gen, millennials, Laurent Niki, Saint Laurent Germano's, Saint Laurent Niki, Saint Laurent, Laurent Le, Yves Saint Laurent The, Yves Saint Laurent The Saint Laurent Le, Germano's, Laurent, Burberry, Hugo Boss, Bernard Arnault's LVMH, Louis Vuitton, Maison, Saint Laurent Le Organizations: Service, Daxue Consulting, Business, Getty, Saint, Yves Saint Laurent The Saint, tote, Bloomberg, Swatch, Dior Locations: China, Givenchy, Japan, Miami

☆ E.l.f. Beauty sales jump 50% on gains in color cosmetics and skin care, launch of Bronzing Drops serum
▼ + stars: | 2024-08-08 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +6 min

The company's sales soared to $324.5 million in its fiscal first quarter, leading it to raise its full-year guidance. He added that its Bronzing Drops serum quickly became a best seller on the company's website after its launch during the quarter. Following quarter after quarter of outsized growth, Wall Street has come to expect a lot from E.l.f. The company now anticipates its adjusted net income will be between $198 million and $201 million, compared with a previous outlook of between $187 million and $191 million. During the quarter, selling, general and administrative expenses increased by roughly $88.6 million to $180.6 million, representing 56% of net sales.

Persons: Tarang Amin, E.l.f, Mandy Fields, Fields, I'm, we're, Amin, we've, Gen Z, We'll, Gabby Douglas, Anastasia, Tas, Jameela Jamil Organizations: CNBC, LSEG, Alpha Locations: E.l.f

☆ Elon Musk has a weak case against advertisers — but he's playing the long game
▼ + stars: | 2024-08-08 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +9 min

Read previewOn Tuesday, Elon Musk's X fulfilled his promise to sue advertisers over their boycotting of the platform. GARM creates frameworks to provide common definitions around areas like hate speech and misinformation; it's voluntary whether advertisers use them. It doesn't rank platforms on these issues, and its role isn't to advise advertisers on where to spend their dollars. US advertisers are also protected by the First Amendment to spend or not spend on whichever media platforms they please. If the X suit moves into the discovery phase, there could be a whole lot more.

Persons: —, Elon Musk's X, X, Ørsted, Musk, Ruben Schreurs, Ørsted didn't, GARM, Jim Jordan, colluded, WPP's GroupM, Rob Rakowitz, Rumble, Jamie Barnard, Jim Jordan of Ohio, Win McNamee, Jordan, Brian Wieser, Wieser Organizations: Service, Federation, Global Alliance of Responsible Media, Twitter, Unilever, Mars, CVS, Business, WFA, Republican, Procter, Gamble, WPP's, Committee, Verizon, Chanel, PepsiCo, WPP, Media, Madison Locations: Texas, Ohio

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