Last week, Adidas and Beyoncé’s Ivy Park ended their relationship. The news followed reports of a 50% drop in revenue that emerged in February. Despite rumors of Beyoncé’s annual salary being a whopping $20 million, the partnership between her and the company was not as...
Ongoing inflation has led to a boom in sales for luxury resale platforms. It has also made consumers more likely to haggle over prices to get the best deal for pre-owned clothing and accessories. For example, one reseller, Beaux Abington, who sells products on the Etsy-owned Depop and...
Pinterest is adding shopping capabilities to Shuffles, its standalone, collage-making app. With this addition, users will be able to tap each image used in a collage to see the brand and price of that item and similar items, TechCrunch reported Sunday (March 26). “[U]nlike typical...
As brands and retailers look to convert more customers, they’re also looking to increase customer confidence during checkout to keep returns down, especially as shipping costs skyrocket. To check all those boxes, brands and retailers are considering solutions that offer customers an immersive and interactive...
Uber Eats is reportedly removing thousands of virtual brands it says have cluttered its platform. Company officials told The Wall Street Journal (WSJ) Monday (March 27) that these brands — delivery services that don’t have a physical storefront — exploded on food aggregator apps during...
Seventeen days after its collapse, Silicon Valley Bank has a new owner. First Citizens Bank, a North Carolina lender with a long history of purchasing failed banks, announced Monday (Mar. 27) that it was assuming ownership of all of Silicon Valley Bank (SVB’s) loans and...
If there is one thing that QED Partner Amias Gerety says needs to happen right away, it’s to stop using the world bailout to describe what happened when the FDIC stepped in to rescue Silicon Valley Bank. Gerety told Karen Webster that to have a...
With the first quarter of 2023 almost a wrap and many developed markets stuck in the latest crisis — collapsing banks — a lot of the smart money is focusing where the trouble isn’t, which is emerging markets from Latin America to Eastern Europe, the Middle...
The CE 100 Index gained 1.2% last week as investors got excited — again — about AI, and the possibility of sustained profits for in the buy now, pay later space. The Communications pillar gained 3%, followed by the Pay and be Paid segment, up...
