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- A + A (Aug 18): Apple Inc is aiming to hold a launch event on Sept 7 to unveil the iPhone 14 line, according to people with knowledge of the matter, rolling out the latest version of a product that generates more than half its sales. The new iPhones will kick off a busy fall product season, which will also include multiple new Macs, low-end and high-end iPads, and three Apple Watch models. Apple is updating its flagship product at a precarious time for the industry. Smartphone sales have begun to flag as consumers cope with inflation and a shaky economy. But Apple appears to be faring better than its peers: The iPhone sold well last quarter, and the company has signaled to suppliers that it doesn’t foresee a dropoff in demand. The Cupertino, California-based tech giant typically announces other products alongside the iPhone, including the latest Apple Watches. The company usually releases the new iPhone in stores about a week and a half after it’s unveiled, and … [Read more...] about Apple targets Sept 7 for iPhone 14 launch in flurry of new devices

Every week, the same headline repeats: DTC upstart heads to retail. You can now find Magic Spoon at Target, Glossier at Sephora, and Away at Amazon, and the list goes on. This month, Yumi, the company I co-founded, also threw our proverbial hat into the brick-and-mortar ring, with a full nationwide launch at Target and nearly 2,000 stores. So, yes, the "era of DTC" as we know it is dead . But I would argue that the DTC era was an important pit stop to the inevitable omnichannel future. In the initial version of our company pitch deck, we created a future road map inspired by Walt Disney's famous Synergy Map in 1957, when he envisioned Disney's 60-year road map in a napkin sketch. He doesn't explicitly name Disney+, its big gambit in connected TV, or the purchase of Pixar, but all the breadcrumbs are there for the sprawling online and offline empire we know today. Our Disney map slide showed Yumi's later-stage selling channels would include real-life festivals for … [Read more...] about How a Disney Map Helped My Company Survive the Death of the Direct-to-Consumer Model

- A + A NEW YORK (Aug 18): Applications for US unemployment insurance fell for the first time in three weeks, suggesting demand for labour remains healthy. Initial unemployment claims decreased by 2,000 to 250,000 in the week ended Aug 13, Labor Department data showed on Thursday. The date is particularly scrutinised because it corresponds with the reference period for the government's August employment report, which will be released early next month. The median estimate in a ^Bloomberg survey of economists called for 264,000 applications. Continuing claims for state benefits climbed to 1.44 million in the week ended Aug 6, the highest since early April. The drop in jobless claims points to still-healthy labour demand as companies try to attract and retain employees amid lingering worker shortages. Even so, several employers have been laying off staff or freezing hiring amid economic uncertainty, which could continue as the Federal Reserve (Fed) pursues an … [Read more...] about US jobless claims unexpectedly dip for first time in three weeks

- A + A (Aug 18): Chinese carmaker Geely Automobile Holdings Ltd plans to double down on its efforts to boost the sale of electric vehicles (EVs) as well as bolster exports as it seeks to recover from disappointing first-half earnings that were pummelled by Covid-19 lockdowns and supply chain snarls. The shipments of new-energy vehicles will account for more than 30% of the overall sales by the end of this year and continue the upward trend in 2023, company's group chief executive Gan Jiayue said in a media briefing on Thursday. The Hangzhou-based automaker will also focus on stepping up its exports, especially in Europe, Middle East, Asia Pacific, and Latin America, Gan said. Geely saw its exports surge by 64% in the latest half-yearly earnings reported earlier in the day, well above the industry average of 50%, he said. The renewed thrust toward what Geely deems its growth engines comes after the company posted a disappointing first-half profit. Net income … [Read more...] about Geely doubles down on EVs, exports after disappointing earnings

Dodge’s popular muscle cars, the two-door Challenger and four-door Charger, will be discontinued in 2023 and replaced in 2024 by a fully electric model, the Wall Street Journal reported Wednesday. Dodge announced two new electric vehicles at the Dodge Speed Week event in Pontiac, Michigan, this week, according to a press release by Dodge parent company Stellantis. The first was the Dodge Hornet, a Compact Utility Vehicle that offered both a plug-in hybrid and traditional gas engine model, and the second was the battery-powered muscle car, the Charger Daytona SRT Concept, named in honor of the Charger Daytona, the first car to break 200 mph on a NASCAR track. “The [Concept] exists because performance made us do it,” said Tim Kuniskis, Dodge Chief Executive Officer in a press release. “Dodge is about muscle, attitude and performance, and the brand carries that chip on its shoulder and into the [electric vehicle] segment through a concept loaded with patents, innovations, and … [Read more...] about Historic American Muscle Car Will Be Fully Electric By 2024