Even the strongest of brands is hurting today. “Nike reported an unexpected quarterly net loss and a sales decline of 38% year-over-year.” That’s despite digital sales growing by 75% to represent 30% of their revenue. | learn more
I’m not sure whether I’m more surprised by how many I didn’t know about, or how many I was already aware of. I wonder what this landscape will look like by early next year? | learn more
Walmart’s had an online marketplace since 2009, though it’s always fallen short of Amazon’s in scale. Now they’re teaming up with Shopify to bring more sellers and more products to the platform. It’s also a reflection of (I think) philosophical […]
It’s like telehealth for your home! One neat feature: the app uses AR so pros can draw on top of your camera feed, highlighting parts in your home. | learn more
“The live, online shopping extravaganza the 34-year-old hosts most nights for her fans across China is part variety show, part infomercial, part group chat. Last month, she hit a record-high audience of more than 37 million—more than the “Game of […]
I thought Chinese sellers were able to ship to the US so cheaply because their freight was being subsidized by China. Surprise: it’s being subsidized by our own post office! | learn more
From the restructuring industry newsletter Petition: “Much like most other COVID victims, Hertz could be described as having mild pre-conditions that made it generally more susceptible to the virus. For years now, the company has been attempting to effectively treat […]
From the New York Times in 1971, resurfaced because of the chain’s recent bankruptcy filing. “In an interview on his 93d birthday, he said that the profit sharing plan for employees that he started in 1907 had been largely responsible […]
I didn’t know where to include this link so it’s here. We should remember the strong network effects of cities before we believe that they’ll fall apart in favor of remote work. | learn more
Scott Galloway is impressed by Amazon. “Any customer, vendor, supplier or worker who wants a near-virus-free supply chain, a criterion that has gone from zero to light speed in 90 days, will have a selection set of one.” | learn more