Jul 12, 9:41 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Leo Sun 07/12/19 AT 9:29 AM Facebook's (NASDAQ:FB) Instagram has over one billion monthly active users (MAUs) and 500 million daily active users (DAUs), making it one of the largest social networks in the world. For a while, Instagram's only noteworthy rival was Snap's (NYSE:SNAP) Snapchat, which finished last quarter with 190 million DAUs. Yet Instagram has managed to hold Snapchat at bay by cloning most of its features, including ephemeral messages, filters, and short video stories.But over the past year, Pinterest (NYSE:PINS), the social network that popularized image-centric virtual pinboards, quietly evolved into a threat to Instagram. Shortly after its IPO in April, Pinterest introduced new features that made it easier to upload videos.Pinterest also added a dedicated video tab for business profiles, analytics … [Read more...] about Is Pinterest Quietly Becoming A Threat To Instagram?
Gen z tensions
Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | The RealReal I.P.O.: Secondhand Fashion Goes Mainstream Advertisement Supported by BySapna Maheshwari June 27, 2019 It’s never been easier to shop another woman’s closet. Since the recession, there has been a boom in online marketplaces that let shoppers buy and sell all manner of used clothing and accessories, from Louis Vuitton handbags to Old Navy sweaters. Sites like the RealReal, Poshmark and ThredUp are betting this budding business, which some are calling re-commerce, is on the cusp of explosive growth. Friday represented a milestone for the commerce of secondhand-fashion as the RealReal began trading on the Nasdaq stock market. The company priced its stock at $20 a share on Thursday, which would raise $300 million in its initial public offering. The firm’s shares, listed … [Read more...] about The RealReal I.P.O.: Secondhand Fashion Goes Mainstream
Eric D. Lawrence Detroit Free Press Published 7:30 AM EDT Jun 22, 2019 The starting price of a 2019 Cadillac Escalade is more than $75,000. A 2019 Ford Fiesta starts at $14,260. Neither price necessarily reflects what a new buyer might pay after accounting for options and extras, but even the top trim Fiesta ST, starting at $21,340, is a fraction of the Escalade’s sticker. It’s not surprising the Cadillac costs so much more. It’s a luxury SUV after all — 12-way power adjustable front seats! — and isn’t meant to compete with the Fiesta in any direct way. What’s telling, however, is that the Fiesta is one of the casualties of the shift by automakers and consumers away from passenger cars. It’s being eliminated from Ford’s North American lineup (along with most of the Dearborn automaker’s cars), and with it, another option for entry-level buyers. More: A man who can build a car by hand leads Ford into future; … [Read more...] about Where are the affordable, entry-level cars?
Alyssa Bennett, student cafe executive officer, works at Saxbys cafe in West Philadelphia late last month. PHILADELPHIA -- Inside the Saxbys coffee shop at Drexel University, Alyssa Bennett, 21, makes deposits, sets schedules, and pitches in at the latte machine when the line gets long. The third-year Drexel student is what the Philadelphia-based company calls a "Student CEO," referring to cafe executive officer. In locations on or near college campuses in Pennsylvania, Washington, Georgia, and New Hampshire, the coffee company hands over operations to a local student for the semester, paying them above minimum wage to run the cafe full time while also receiving class credits. Drexel President John Fry called this twist on the campus coffeehouse "exactly the kind of thing that we want." "Another coffee shop? Who cares? But a student-run Saxbys? Great," he said. As academia becomes increasingly competitive in attracting top students and staff, universities are turning to retail to … [Read more...] about Universities find retailers an ally
By David Olive Business Columnist Mon., Jan. 7, 2019 1. Gen Z asserts itself Gen Z begins entering the workforce this year. In just two years, Generation Z — people born in the late 1990s and since — will account for about one-third of the workforce. In contrast to millennials, Gen Z is motivated more by challenging workplace projects than money. Surveys show Gen Zers prefer face-to-face over digital contact. Gen Z is also among the most entrepreneurial generations yet. That makes its members a flight risk in regimented workplaces where unorthodox thinking is discouraged. Gen Z is more likely than millennials to prefer private workspaces over open-space layouts. And social-media savvy Gen Zers, accustomed to free flow of information, demand unprecedented managerial candour. Turnover will be high in workplaces that don’t provide it. 2. Modestly pricier food Canadians can expect to pay between 1.5 per cent and 3.5 per cent more for food … [Read more...] about 20 next new things for the business world in 2019