AMAZON PREPARES FOR TAKEOFF
Jeff Bezos kicked off work at Amazon's new $1.5 billion airport development near Cincinnati. The company plans to take greater control of its shipping process and become less reliant on carriers such as UPS, FedEx, or the US Postal Service as it seeks to cut costs and speed up delivery times. This will be especially pertinent to its plans of one-day shipping for Prime members.
Bezos, who reportedly made a surprise appearance at the opening, hopped aboard a front loader to lift the first pile of dirt."If you're wondering, that's fun," the Amazon CEO said after stepping down from the machinery.
Amazon agreed to a 50-year lease for more than 900 acres of property from Cincinnati/Northern Kentucky International Airport in 2017. This space is close to the size of the global hubs of top cargo airlines, according to the Associated Press.
WHAT GOES AROUND COMES AROUND
"We're sitting here with these heavily curated, collectable pieces." It's not just that WGACA promises rigid authentication of all their products or that they buy product from resellers up-front rather than consigning and paying them upon the purchase of their items, it's that they're able to predict the trends and buy the product their customer doesn't even know they want yet. "We are focused on ultra luxury; our brand limitations are extremely tight," says co-founder Seth WeisserRead More
TARIFFS COULD PUT $40B IN SALES AT RISK
Tariffs could imperil retailers to the tune of $40 billion in sales and 12,000 stores in just one year, according to a UBS note from analyst Jay Sole. The disruption could reverberate through the industry through "inventory dislocations and discounting which would hurt almost all softlines companies" and could "make some C malls unviable, which would have a knock-on effect on healthy retailers, not to mention an impact on jobs and the larger economy," analysts said.Read More
HERE COMES THE HOKA
Gorpcore continues to trend, a recent hike in Ugg on Deckers stock shows. The brand is receiving a welcoming boost from its increasingly popular sneaker brand, Hoka. It’s gaining in popularity amongst younger shoppers, largely because it’s inked partnerships with trendy, up-and-coming retailers like Engineered Garments and Outdoor Voices to get its products in front of millennials.
Rapper Kanye West — who boasts his own line of Yeezy shoes by Adidas — was recently spotted donning the Hoka boot. The style immediately sold out online.
Partnerships and organic promotion have nudged Hoka further into the lifestyle shoe category, which has been growing faster than performance shoes in the U.S. More and more consumers are turning to sneakers, not for trips to the gym, but to wear around day to day.
KYLIE JENNER'S BABY LINE
Kylie Jenner appears to be planning a line of baby products. The billionaire filed for trademarks for "Kylie Baby" and Kylie Baby by Kylie Jenner," according to the US Patent and Trademark Office. The trademarks covered a massive range of items including clothing, diapers, strollers, bath products, furniture, crib and bed linens, nursing products, diaper bags, and car seats.
THIS WEEK'S BRIGHT SPOT
Celebrities brought all the glitz and glamour to the French Riviera! This year's Cannes Film Festival was clad with tiered, tulle halter Dior Haute Couture ball gowns, high-shine silver suits featuring an open neckline and long train, and a large amount of lace and feathers. Catch up on all the must-see outfits from the iconic film festival!