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...TikTok has hit $16bn in sales in the US, where the viral video app that has hooked Gen Z users is at risk of being banned.Three people with knowledge of its finances said the app, owned by Beijing-based...
...While many e-tailers face logistical challenges and mounting costs, shoppers are falling back in love with bricks-and-mortar....
...In India, for example, thousands of local stores have generated their own versions of ads featuring Bollywood star Shah Rukh Khan urging people to shop locally in a campaign for Cadbury by WPP....
...Its forward P/E is just 15. We’re still searching for good stock picks. If you’ve got a candidate, email us: robert.armstrong@ft.com and ethan.wu@ft.com....
...Gen Z has become the largest, fastest-growing demographic on our platform, and one of the key reasons Gen Z cites is that it sees Pinterest as an oasis away from the toxicity of the rest of social media....
...Sabina Miller, director of buying at UK homewares store Heal’s, says she has noticed a growing appreciation of design among this age group....
...to September 23, the Vuse product line generated $2.2bn in sales, accounting for 40 per cent of the total vaping market, according to a Goldman Sachs analysis of Nielsen IQ sales data from convenience stores...
...Journalist E Jean Carroll won $5mn in damages from Donald Trump in a claim brought under the act, in which she alleged the real estate mogul had assaulted her in a Manhattan department store in the 1990s...
...The Ryder Cup has turned to Roc Nation, the talent agency set up by rapper Jay-Z, to boost its profile among young people....
...Last month, major supermarkets, including Tesco and Sainsbury’s, removed Elf Bar products from stores, after it emerged that some contained above the legal limit of nicotine e-liquid....
...Next time you’re at an Apple store, instead of paying for your iPad, why not reframe the transaction as your decision to bequeath the company some money, and see how that grabs the “geniuses”....
...Shares of Kakao, parent of top comics app Piccoma, and Z Holdings, which owns messaging app Line, are down more than a quarter in the past year....
...Akash Nigam, CEO of Genies, an avatar tools company, said he was surprised that Apple made little to no attempt to gear the device towards Gen Z consumers....
...A version of this article was first published by Nikkei Asia on November 28. ©2023 Nikkei Inc. All rights reserved....
...It also owns Myntra, a popular online fashion store....
...“I have N.E.R.D tees that immediately take me back to the summer of 2005: good, carefree times in my life,” he says....
...Also: Magic sales nearly doubled over the course of the pandemic and secondary market prices skyrocketed (e.g., Reserved List cards more than tripled)....
...“These customers were a big lever of resiliency, and they don’t necessarily shop in stores; they are more into private events, personal shopping....
...“We’re leaning into where Gen Z and millennials are,” he said. “There’s a bigger focus on sustainability, and ‘re-commerce’. Ebay is really the pioneer . . . that gives us an opportunity.”...
...Since launching a native store in May 2018 Douyin has grown to become China’s fourth-biggest ecommerce company by gross merchandise value or GMV; only Alibaba, JD.com and Pinduoduo owner PDD are bigger:...
...By the time Sam Walton opened his first Wal-mart in Rogers, Arkansas, in 1962, his playbook to build a global retail giant was already drafted....
...Per Bloomberg: Juul Labs Inc. is beginning talks regarding funding for a potential Chapter 11 bankruptcy, according to people with knowledge of the preparations....
...Audiobooks have boomed, but paper books continue to sell and have notably not been replaced by e-books, as once predicted. Letter writing has wilted in the face of email....
...Yet, as Charles Fishman wrote in The Wal-Mart Effect in 2006, Walmart derives all of its impact from us, “from our willingness to open our wallets, just a few dollars at a time . . ....
...“Staying relevant is the most important thing,” she said, including jumping on consumers’ desire for “clean beauty” products that strip out harsh chemicals or by using TikTok to attract Gen Z consumers....
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