“Web3 and DTC are natural partners and Nike will be of the first major retailers to iterate around Web3 principles. It’s not just a new revenue stream: it’s community and status.” | learn more
Here’s a crazy stat: “In June, the company accounted for 28% of all fast fashion sales in the U.S. — almost as much as both H&M and Zara combined.” | learn more
“After a nearly decade-long pause, Chase has resumed suing indebted customers.” This is ProPublica so there’s a bit of bias here (as if the bank should never try to collect debts). But something’s truly broken when their lawsuit tactics cast […]
I’m a bit skeptical of all the noise about metaverse these days. Where was everyone a year ago when zero people were talking about this? Is this really go time? My good friend and almost-40-year-old tech luddite has mentioned it […]
Stratechery: “Amazon’s owning the end to end supply chain makes it harder for merchants to ditch Amazon. Because the alternative logistics network form China are more expensive and more prone to failures. Investment years ago creates value and loyalty today.” | learn […]
Like a lot of emerging areas of health, there is not quite enough research yet to show that microbiomics really works. But certainly, there’s reason to believe as well as consumer interest, so we’ll see how it develops! “If this collaboration […]
“In 2005, the economist Emek Basker…studied the US, where Thanksgiving now ranges between November 22 and 28, leaving as few as 26 or as many as 32 shopping days between Thanksgiving and Christmas. She found a clear pattern: Americans do […]
The headline is “America’s biggest companies can’t stop bragging to investors about how they’re charging you more” and I saw the link because of a politician’s tweet. The framing makes a few not-to-subtle implications about what “should” happen—retailers should absorb […]
Scott Galloway on Warby Parker, Rent the Runway, Allbirds, and the Swiss shoe company On. | learn more
The company blames rampant retail theft for the store closings. A 2014 California law classified shoplifting < $950 as a misdemeanor, possibly leading to fewer reports and less enforcement. Critics say they’re just using shoplifting as convenient cover for stores […]