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The news for Saks Fifth Avenue just keeps getting worse. The pullback in luxury spending,
unprecedented markdowns and a sharp slowdown at its iconic New York
flagship took a severe toll on Saks Fifth Avenue. This has been the worst year ever in its 84-year
history. Saks Inc. on Wednesday posted a $98.8 million loss in the fourth quarter ended Jan. 31.
However, company executives stressed they’re starting
spring a lot cleaner. Inventories are down 14.6% and are planned to be down 20% moving forward. They also contended
that relationships with designers remain good and vendor terms remain
unchanged, despite catching the ire of the industry for its torrent of
markdowns in the run-up to holiday.
Saks also gave assurances
that the store is not abandoning the luxury business, just
the presentation with its “good-better-best” pricing platform for
luxury products, and that they’re encouraging designers to work on
exclusives, particularly in the bridge zone, which the retailer has
reorganized and renamed Wear.
Stephen I. Sadove, chairman
and chief executive officer, broke from the usual policy of not responding to
industry rumors, which have been swirling like never before, by
dismissing speculation about the possibility of bankruptcy.
have been a lot of rumors, including bankruptcy,” Sadove said during a
conference call with WWD. “Although it is policy not to comment on bankruptcy
rumors, all of the actions [Saks is taking] are ensuring we are free
cash flow positive in 2009. Bankruptcy would destroy shareholder value.
Our intent is to insure and enhance shareholder value.”
Read "Battling the Downturn: Saks Posts $99M Loss" here.See the Top Ten Summer 2016 Trends for Women Over 40


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In 2020 Global Reviews surveyed almost 3,000 participants across industries such as energy, superannuation, credit cards and home loans in our Digital Marketing Effectiveness and Fruition studies.
The coronavirus (COVID-19) pandemic has affected all our lives throughout 2020 and looks set to continue into 2021. Many industries have been forced to make fundamental strategic changes including accelerating or pivoting their digital strategies to cope.
The logic of where some products are placed in our favourite supermarkets is beyond many of us. Over time we come to accept that Biscotti biscuits can be found in the coffee section and move on. But when a brainiac decides product pairings should change and antacid tablets be moved beside the Doritos rather than their natural medicinal habitat, we develop heartburn!
Our recent Q3 2020 online acquisition research shows that Covid-19 has changed the decision making behaviour of in-market members, when looking for a new superannuation provider.
UK and Irish traditional banks are failing to provide the features a growing segment of young, more expectant, and demanding consumers’ desire.
Leveraging recent Q3 2020 data, Global Reviews will highlight best practice examples from leading Australian universities that are driving greater engagement with their approaches.
The Global Reviews Q3 2020 Credit Cards study shows that 57% of in-market credit card prospects, who have a provider in mind prior to conducting research online, go on to change their mind and switch to a different provider once they have completed online research and been exposed to further online offerings.
Our recent Q2 2020 Digital Sales Effectiveness study highlights the impact Covid-19 has had on prospective students attitudes towards studying at university in Australia and where universities are missing easy content opportunities to drive higher conversion rates.

domain: news


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At this year's conference, which runs Wednesday and Thursday in San Francisco, Forbes will be there to cover the unexpected news, but we already have a few ideas about what might be announced, or at least what areas we expect to see growing in the next year.
First, Google Fit. Google is expected to announce its foray into collecting and aggregating user health data into one place. Forbes' Parmy Olson got the scoop earlier this month.
Google Fit will let popular activity and fitness trackers share data with the service through an API, and Google will also reportedly announce partnerships with wearable device makers at I/O.
Wearables should also be a strong theme at this year's I/O. Google teased an announcement of Android Wear in March, which showed us a future where wearables, especially smart watches, could give users tailored, on-the-go information without being as conspicuous as Google Glass.
Android Wear can also work with fitness bands and could eventually expand beyond watches. But for this year, the watches themselves will be in the spotlight.
We already know that LG and Motorola will be making the first Android smartwatches. LG's G Watch will be a square face, and Motorola's Moto 360 will have an unprecedented round face. Expect many more details from the hardware manufacturers and the way they'll intertwine with the new platform.
And hey, if you believe the rumors on Secret, attendees will be getting a smartwatch of their own at the conference -- or maybe even a choice between LG and Motorola.
Samsung is also rumored to be announcing an Android Wear smartwatch at I/O, similar to its Gear devices, according to CNET.
Google Nest, Google's big-name acquisition of the year, could announce new ways for developers to move into the smart-home arena. Nest just announced a developer program and is holding events at I/O to discuss it further.
Google Glass might also have a few announcements up its sleeve. The device has had a wild and rough year. Glass gained some style and better camouflage through new options available on prescription glasses frames and sunglasses. But its users also encountered muggers, Sarah Slocums and Daily Show correspondents at every turn.
But it's forging on ahead. Glass announced 12 new Glassware apps Tuesday morning just ahead of I/O, including offerings from Duolingo, Shazam and the Guardian. Users will now be able to get guided stargazing overlays, broadcast live video and have a personal trainer in the corner of their eye, and more could be ahead at the conference.
What else? Google+ might be taking a rest after the highly discussed departure of its head, Vic Gundotra. No events on the schedule seem to feature the social network this year. Android TV is rumored for a relaunch -- or really, a rebranding of the mostly defunct Google TV.
Google's annual I/O developers conference takes place Wednesday and Thursday, June 25 and 26 in San Francisco.


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WithIt, the women’s leadership network for the home-furnishings industry, has announced the winners of the 2010 WOW Awards, which recognize individuals and/or corporations that contribute to the success and growth of the industry.
Kathy Wall, president of The Media Matters, received the Mentoring Award acknowledging advocacy, development and/or promotion of women in the home and furnishings businesses. F. Jay Reardon, Hickory Chair president has been named recipient of the Education Award, recognizing efforts to educate associates, retailers or consumers about home furnishings.
In addition, Future Leader Awards went to Rene Crosby, Four Hands senior account executive; Kristin Hawkins, Broyhill new product development stage gate manager; Vanessa Northrop, City Furniture marketing director; Kaci Prunty, Tempur-Pedic North America retail marketing manager.
Catherine Frinier, principal and managing partner of Frinier Atelier, was named recipient of the President’s Award. Mary Frye, president of the Home Furnishings Independent Association, was honored with the Chairman’s Appreciation Award.
Julie Phillips, vice president and co-founder of the Phillips Collection, was presented the organization's 2010 Legacy Award honoring significant contributions to the home and furnishings industries.
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- In Print


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Mailbox, a mail client that delivers Gmail messages to the iPhone, went live in the iTunes store today, but not everyone is going to have access right away -- the service is filling reservations on a first-come, first-served basis.
The app is designed to make for a mobile-friendly experience. To archive or trash, users can simply swipe the messages. If they want to look at an e-mail later, users can send e-mails back to the in-box with a tap. There's also a push notification.
Reservations can be had by downloading the Mailbox app. You'll need a reservation code to use the service, because the app's creator, Orchestra, doesn't want to overwhelm its servers, according to 9to5Mac.
Though Mailbox currently works only with Gmail, Orchestra said more e-mail platforms are coming soon.
All the latest Apple news, featuring developments on the iPhone, iPad, Macbooks, OS X and much more.
Jul 25Qualcomm: Apple supporters are trying to misdirect regulators
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Jul 24The Rock: My Siri movie will dominate your Monday


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All Xbox One users who are in Windows 10 preview program will soon get the full version of the system on their consoles. As we know for now, the update is scheduled to be available “over the next couple of weeks.”
In the official blog post on Xbox Wire website, Xbox’s director of program management, Mike Ybarra said that thu update is scheduled for November, and it will arrive for all Xbox One users.
Along with the new operating system, Microsoft will also launch the backwards compatibility for Xbox One, which means that players will be able to play Xbox 360 games on their Xbox One consoles. Ybarra also stated that the console will be “faster and more social than ever” when the update arrives.
“Integrating the speed of Windows 10, the New Xbox One Experience will get you to popular gaming features up to 50 percent faster,” he wrote. “Instantly start a party, see what your friends are playing, and get updates to your recently played games from Home with no wait time.”
Windows 10 comes to Xbox One users
Some of the most notable new features that the update will bring are a redesigned home screen, a community section for socializing, an “optimized” store for easier ways to find a certain game or app, and some new TV features, like the new OneGuide and picture-in-picture channel view.
Windows 10 update will bring some huge benefits to the Xbox Store, because developers will be able to bring their desktop and mobile apps to Xbox One, with cross-compatibility. Some companies, like Fitbit, have already prepared their apps for the Xbox One’s expanded store.
Ybarra also said that Windows 10 update will roll out to the preview members over time, starting with “members who have historically submitted the most feedback.”
So, Microsoft plans to release the update to one group of users, get needed feedback, and release the improved version, based on that feedback, to another group of users, and then collect feedback from them, and so on and so on. Preview members who are part of the next group will receive an invitation from Xbox Live to install the update. While, those who choose not to install it will still receive other preview program features and improvements.
So when you receive the update, Microsoft would appreciate your feedback, in order to bring as stable version as possible to other users, and you.


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Nissan recalls Sentra for battery cable
Nissan Motor Co. is recalling about 3,200 Sentra compact cars in Canada because of a battery cable problem that could cause the engines to stall.
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DETROIT—Nissan Motor Co. is recalling about 3,200 Sentra compact cars in Canada because of a battery cable problem that could cause the engines to stall.
The broader recall covers nearly 51,700 Sentra across the U.S., Canada, Mexico, Brazil, Puerto Rico, Guam and Saipan.
Documents filed with the U.S. National Highway Traffic Safety Administration say that a zinc coating on the cable bolts could be too thick. That can cause a voltage drop that can damage the engine control computer. The documents say the cars can stall while moving and it may not be possible to restart them, increasing the risk of a crash.
The filings appeared on the NHTSA website over the weekend.
The problem affects 2010 and 2011 Sentras equipped with MR-20 engines that were built from May 11, 2010 to May 22, 2010, and from July 8, 2010 to Oct. 25, 2010, according to the NHTSA documents.
Nissan says it will replace the positive battery cables and covers free of charge starting on or before Jan. 23, 2012.
Nissan also is recalling more than 28,000 Juke small crossover SUVs from the 2011 model year. A turbocharger boost sensor bracket can break free from an air inlet tube because of a defective weld, according to NHTSA. If that happens, the vehicles can stall while the engines are idling, raising the risk of a crash, the agency said.
The Jukes were built from April 9, 2010 through May 12, 2011. The company will check the brackets and replace them free of charge if necessary, according to the documents. The recall is expected to start around Jan. 9, 2012.
Nissan spokesman Brian Brockman said that no crashes or injuries have happened because of either problem.
Owners with questions can call Nissan at 1-800-647-7261.
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A new Twitter update will tell the company the name of every other app on your smartphone unless you specifically opt out.


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Hyperloop is a high-speed technology concept through which people can travel from one city to another in a very short amount of time. According to Walder, due to its growing population India is one of those countries which requires investment to build the right set of infrastructure. Further, as Virgin Hyperloop One has the first-mover advantage, it will be able to establish itself here strongly, he noted.
Watch the entire video to understand Virgin Hyperloop’s plans for the Indian market
The company plans to start construction under phase one, before the end of 2019
The app has added many other features including payment and instant messaging in the last one-two years
Industry stakeholders discuss the importance of measurement and the role Indian Readership Survey (IRS) is set to play in marketing strategies. Watch the stalwarts of the industry.
Shashi Arora, CEO, Lloyd, talks about the expansion plans for brand Lloyd
In conversation with ETBrandequity.com, Guy Kawasaki, former Apple chief evangelist, talks about his expectations from Indian entrepreneurs when it comes to innovation.
During the 13th edition of GoaFest, ETBE peaks into the mind of some of the maestros of the advertising industry.
In conversation with ETBrandequity.com, Sudhanshu Vats, Group CEO and MD, Viacom 18, talks about the company's expansion plans in the Indian regional market.
In conversation with ETBrandequity.com, Martin Eberhard, co-founder, Tesla, talks about the growing presence and need for electric vehicles in the Indian market.
In conversation with ETBrandequity.com, Sir Martin Sorrell, executive chairman, S4 Capital and founder, WPP Group talks about his expansion plans as India usher into a new marketing era.
In conversation with ETBrandequity.com, Sanjay Menon, MD, Publicis Sapient talks about the re-branding of the company and the road that lies ahead.
In conversation with ETBrandequity.com, Gautam Thakar, CEO, Star Sports talks about how this year IPL is going to be bigger and better
In conversation with ETBrandequity.com, Varun Narang, chief product officer, Hotstar talks about how, this year, watching IPL on the platform will be an all new experience


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Zara’s vast reach is what inspired British make-up artist Diane Kendal – a frequent backstage presence during fashion weeks and a favourite of designers like Marc Jacobs, Proenza Schouler, Tory Burch, and Tom Ford – to join ranks with the global brand for the launch of its first beauty collection. While the fashion and lifestyle behemoth has already dipped a toe into the beauty waters (as of last December, they have an ongoing fragrance partnership with Jo Malone) this marks its first official foray.
Unsurprisingly, they’re going big.
In development, mostly remotely, for the past 18 months, Zara Beauty will launch globally on May 13 with lips, eyes, face, nails, and accessories. The products will find a home in a new beauty-specific store-in-store concept with a sleek, polished white look that mirrors the items themselves. According to Zara beauty director Eva Lopez, the goal for the brand was simple: inclusivity. “Our ambition was to create a collection that anyone, regardless of gender, skin colour, age, or personal style will want to use,” she says. “Somebody that wants a classic, softer make-up look can find their products, and somebody that’s more experimental can find the colours they need to create that, too,” continues Kendal, adding “we wanted to appeal to everybody.”


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Caterpillar slump highlights risks to the rallyMarch 20, 2013: 1:29 PM ET
Caterpillar reported a sharp drop in sales to its worldwide network of dealers Wednesday, sparking a sell-off in its stock and raising worries of a global slowdown for the construction industry.
In fact, Caterpillar was the only Dow component in the red for much of the day.
Caterpillar's move, along with bad news from Federal Express (FDX, prompted traders on StockTwits to raise questions about cracks in the economy.
Surely not a good sign when two economic bellwethers are lower at the open $CAT $FDX
when $CAT is weak you should be very cautious on the overall market
Investors will have to wait until April 22 for Caterpillar's first-quarter results, but the initial signs aren't very positive.
what's up with copper $JJC, is China really in this bad a shape, $CAT results are gonna be ugly
Not sure I'd go so far as to say China is in bad shape. China set a GDP growth target of 7.5% for the year. That's the same target it had last year, when GDP rose 7.8%.
But good point on copper. Prices have been rising, which could signal some overheating in the property market. Still, it may be too soon to start calling a hard landing.
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Starbucks commits $10M for greener coffee cup
The Seattle coffee chain is calling on entrepreneurs to help it develop more sustainable cup solutions. Inventors with the best ideas will receive accelerator grants
SEATTLE—Starbucks is making a $10 million commitment to develop a greener coffee cup that is fully recyclable and compostable.
The company on Tuesday announced the NextGen Cup Challenge initiative in partnership with Closed Loop Partners’ Center for the Circular Economy, an investor in sustainable consumer goods. The goal is to give cups a second life and keep them from landfills.
Inventors will receive grants.
Starbucks says its paper cups are currently manufactured with 10 per cent post-consumer recycled fiber. The inside is coated with a thin liner designed to meet quality and safety standards.
The company’s research and development team is testing a new bio-liner, made partially from plant-based material.
Starbucks annual shareholders meeting on Wednesday features a coffee tasting featuring small sample cups that are fully recyclable in Seattle.


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Need a tree?
The City of Surrey has announced that the first spring tree sale event opens online on March 1 at 9:00 a.m. and closes on March 15. Trees can be picked up on March 26 at the Surrey Operations Centre (6651 148 Street).
Trees are $20 each and include maples, dogwoods, magnolias and fruit trees which, according to a city-issued press release, all grow well in Surrey.
“We all know how important trees are to our environment, which is why we hold tree sales four times a year,” Surrey mayor Brenda Locke stated in the release.
Each of the four annual sales will have up to 1,000 trees available and are sold on a first-come, first-serve basis, with a maximum of three trees per Surrey address.
The second sale of the year opens on April 19 and closes on May 3. Trees purchased during that time can be picked up on May 15.
For more information, check out surrey.ca/treesale.
– With files from Tom Zytaruk
Like us on Facebook Like us on Instagram and Follow Anna on Twitter.


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Northampton entrepreneurs and business owners are welcome to drop in on Small Business Saturday for an event being hosted by Northampton Metro Bank from 8.30am until 10.00am on Saturday December 3rd.
Andrew Lewer MP and Jonathan Nunn (Leader of West Northamptonshire Council) will be attending and speaking at the event as well as taking the opportunity to listen to the concerns and needs of Northamptonshire’s small businesses.
“As a community bank, we regularly host events aimed at entrepreneurs and business owners,” said Kerry Reynolds, Northampton Metro Bank’s Area Director. “This particular event will focus on the needs and issues that small business owners are currently facing given the tough economic conditions and rising energy costs.”
Throughout the year, Metro Bank hosts a range of seasonal events as well as charity fundraisers and networking sessions for local residents and businesses.
Metro Bank’s Northampton store can be found at 27-29 Abington Street, Northampton, NN1 2AN. The store is open Monday – Saturday: 8:30am - 6pm. Sunday: 11am - 5pm.


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The great outdoors are calling, and South Coast Plaza’s annual spring garden show, At Home in the Garden, is helping Newport Beach residents embrace spending time alfresco. From Thursday, April 23 through Sunday, April 26, the Macy’s Home Store wing will become a forum for seminars, displays and guest vendors, all to help attendees take advantage of their outdoor spaces.
More than 30 informative seminars will take place in individual stores, and the schedule includes cooking demonstrations with fresh ingredients at Sur La Table, tips for outdoor entertaining at Crate and Barrel Home Store, and expert advice for gardening topics such as mounting orchids (Z Gallerie) and caring for bonsai trees (West Elm).
Guests also shouldn’t miss the chance to hear from three interior designers—Trip Haenisch, Jeffrey Alan Marks and Windsor Smith—in a discussion held at Williams-Sonoma about outdoor living spaces in modern homes. Meanwhile, children are also encouraged to learn and engage with nature through arts and crafts, interactive storytelling and live animal encounters on Saturday and Sunday.
During the event, select locations on the first floor of the mall will be transformed into themed display gardens where guests can draw inspiration from the creations of landscape designers; the second and third floors will host vendors with resources to maintain already-curated gardens or help a fallow green space turn over a new leaf altogether.
For a complete listing of the event’s seminars, visit springgardenshow.com.


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The figures represent roughly a quarter of Apple's total global App Store earnings.
Cook shared the data on Sunday during a speech at China's top public cyber policy forum, organized by the Cybersecurity Administration of China (CAC), which oversees internet regulation including censorship.
The report released on Monday by the Chinese Academy of Cyberspace Studies, said China's digital economy reached 22.58 trillion yuan ($3.4 trillion) in 2016.
Xi said that online developments were raising many new challenges to sovereignty and security, and China was "willing to work with the worldwide community to respect cyberspace sovereignty and promote partnerships".
The two companies had a dispute earlier, but made peace after Apple started accepting WeChat payments from August this year as several apps on the Apple's app store were made by Tencent, which generated considerable revenue for both the firms.
Cook said he could not be happier with how the iPhone X was doing in China, Apple's third-largest region by sales although it has lost market share in recent years as handsets from local rivals gain traction.
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"After finding the 17'1" (5.2 m) python submerged in water at around 2:45 Friday morning, Jason Leon managed to pull the 132-lbs. If that snake was alive right now it would probably take like three of us to be able to control that snake, ' Leon said to NBC6.
US Says 2000 Troops Are in Syria, a Fourfold Increase
The Pentagon says there are roughly 2,000 USA troops in Syria, quadruple the number US officials had acknowledged until now. Manning said this new phase presents an opportunity to refine how the department reports troop counts to the public.
China confirms that its digital economy accounts for almost a third of gross domestic product, according to a report unveiled in the eastern city of Wuzhen during the fourth World Internet Conference where it declared that Chinese cyberspace is "open" - but subject to controls for the greater good. "We are proud to have worked alongside many of our partners in China to help build a community that will join a common future in cyberspace".
The tacit endorsement of the event by top US tech executives comes as China introduces strict new rules on censorship and data storage, causing headaches for foreign tech firms permitted to do business in China and signalling that restrictions banning others are unlikely to be lifted any time soon.
Pichai did not give a speech but appeared on a group panel alongside Xiaomi founder Lei Jun. Google is believed to be seeking to return to China after withdrawing from it years ago because of disagreement over censorship and its cyber attacks.
"A lot of work Google does is to help Chinese companies", Pichai said.
"Many small and medium-sized businesses in China take advantage of Google to get their products to many other countries outside of China", Pichai told the meeting, Hong Kong-based South China Morning Post reported.
He said: "Global cyberspace governance has no onlookers - we are all participants, ' adding that 'all parties" should have a say over how the internet is managed across the world.


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Madison Books, owned by Phinney Books proprietor Tom Nissley, will open later this year at 4114 E. Madison St.
It’s been a while since the Madison Park neighborhood was home to a bookstore; Madison Park Books closed its doors in 2005 after two decades. (The mid-aughts, it seems, was a rough time for bookstores.) But these days, things are looking brighter in the bookstore business — the number of indie bookshops has risen significantly in recent years — and Seattle’s about to be home to one more. Madison Books, owned by Phinney Books proprietor Tom Nissley, will open later this year at 4118 E. Madison St.
Nissley, a published author (“A Reader’s Book of Days”) and “Jeopardy!” champion, opened Phinney Books four years ago. Business has been good, he said, but he hadn’t quite planned on opening a second shop — until he was approached by lifelong Madison Park resident Susan Moseley. “She really was the driving force,” he said. “Ever since the old bookstore closed, I think she’s been trying to get a store back in the neighborhood. She’s a big reader, and she just knows what it adds to a neighborhood to have a bookstore in the middle of it.”
When Moseley suggested that Nissley might want to open a second bookstore in the 1920s-era building on East Madison, he was intrigued, and even more so after seeing the space. The building, much of which has been empty for some time, is currently under renovation. “One of the things that appealed to me is that it’s weirdly similar to our space (at Phinney Books) — just a miniature version of it. It feels like the same era, the same little windows across the top like ours, the layout is pretty similar.” He envisioned bringing the neighborhood feel of his shop to another part of the city, one that was eager to embrace a bookstore.
And he knew just the person to join him: James Crossley, who after 11 years at Island Books on Mercer Island agreed to become the manager of Madison Books this fall. “It’s a wonderful opportunity,” said Crossley this week. “I get to do what I’m doing now, but more so. Island Books is turning 45 years old, and it’s an amazing part of the community over there.” He was drawn by “the chance to start from scratch and begin to build something that might in later years have that same kind of effect on a different neighborhood.”
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As the renovations at the new space continue, Nissley and Crossley have some planning to do: Madison Books will be significantly smaller than Phinney Books, “about a third of our size, and we’re already pretty small,” said Nissley. They’re thinking of ways to pack a lot of books into that space — Nissley’s envisioning “a sort of magical book place” with every nook and cranny filled — but want customers to know that what they don’t have on the shelves, they’ll get, quickly. Thanks to a much-improved books supply chain in recent years, Nissley said that 90 percent of customer orders can be in the shop within two days.
An exact date hasn’t yet been set for Madison Books’ opening — renovation timing being the inexact science that it is — but Nissley and Crossley are aiming for November, hoping to be open in time for the busy holiday season. I suspect Madison Park residents can hardly wait.
In other book news: mark your calendars for a couple of upcoming library sales. The Friends of the Shoreline Library present their annual book sale Sept. 21-23, to benefit the library’s programs. The members-only preview is 5-7 p.m. Friday, Sept. 21 (sign up for membership at the book-sale entrance); public sale is 10 a.m.-4 p.m. Saturday, Sept. 22; and 11 a.m.-3 p.m. Sunday, Sept. 23, is “bag day” — for $4, you can stuff a paper bag (supplied) with books of your choice. It all happens at the Shoreline Library, 345 N.E. 175th St., Shoreline; 206-362-7550, kcls.bibliocommons.com.
And while Friends of the Seattle Public Library’s legendary big sale doesn’t happen until March, a smaller version will take place this fall. The one-day “Better” Book Sale, featuring like-new books and DVDs (hello, holiday gift list) with prices starting at $3, will be 9 a.m.-5 p.m. Saturday, Nov. 10, at North Seattle College (in the old cafeteria, on the first floor of the College Center building). More information: 206-682-7567, friendsofspl.org/book-sales.


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- Entrepreneurially minded teens are getting rich off of shopping apps such as Poshmark, Goat, and StockX.
- The ease at which you can buy and sell on these apps directly from a smartphone has made them a hit with young shoppers.
- Visit Business Insider's homepage for more stories.
This has given rise to new secondhand shopping marketplaces where people can buy and sell clothing, accessories, and shoes, among other things.
These are some of the most popular shopping apps that teens are using right now:
Online thrift store ThredUp offers a hassle-free way to sell unwanted clothing and accessories online.
Sellers are sent a "clean-out bag," which they send back to ThredUp to decide what can be sold and what will be recycled. The seller is either paid up front or on consignment.
Teens are not only selling on ThredUp, however — they're also increasingly shopping for clothing here. According to a recent report from ThredUp, this mode of shopping is likely to take off in 2019, with one in three Gen Z shoppers buying secondhand.
Gen Z is sneaker-obsessed. According to Piper Jaffray's spring 2019 "Taking Stock with Teens" survey, 31% of male and 22% of female teens surveyed considered themselves "sneakerheads."
These teens are not only buying sneakers but also using resale platforms to sell their own pairs. Goat, the world's largest marketplace for high-end sneakers, is one of their platforms of choice.
"Whether you're looking to buy rare sneakers, discover new ones, or make money by listing sneakers you already own, GOAT is your destination," it says on its website.
Goat has amassed nearly $200 million in funding. It launched in 2015.
Depop is a social marketplace and app where users can buy and sell an array of items.
It's been described as a mix between eBay and Instagram, and because of the ease at which you can set up shop, list new items, and engage with your community, it's achieved explosive success with the younger generation. Since launching in 2011, it has grown to have over 13 million customers in 147 countries; 90% of these users are under the age of 26.
Rachel Swidenbank, vice president of marketplace at Depop, told Business Insider that some sellers can pull in as much as $300,000 a year on the app and have been able to buy houses and cars before they've even reached college age.
Read more: How to make money selling clothes on Depop
Poshmark offers a similar experience to Depop — sellers can create stores to sell their own creations or secondhand items via their smartphone. Since there is no overhead aside from acquiring the inventory, it's easy for cash-strapped teens to participate.
Since Poshmark launched in 2011, it has grown to have a community of more than five million sellers.
Last May, the company announced that it had paid out $1 billion to its community of sellers so far, some of whom reported pulling in as much as $1 million in sales on the app.
StockX is an online marketplace for buying and selling sneakers, streetwear, watches, and designer handbags.
Founded in 2015, it is a self-described "stock market of things," and acts as a secure middleman between the seller and buyer. All items are shipped to StockX and checked before being sent out to the buyer.


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A woman was shocked to discover the price of an ice cream sold by an ice cream street cart vendor in Tampines when she was about to pay for it.
Lola Quek took to Facebook group Complaint Singapore to lament that she forked out S$8 for two servings of ice cream.
However, the ice cream vendor later told Mothership that he provides a much larger portion of ice cream with bread for S$4.
The ice cream cart is located at the traffic junction near Tampines MRT station, selling ice cream in cones, wafers, and bread.
Here's a photo of the ice creams Quek paid S$8 for:
Disbelieved, Quek said she had to ask the ice cream vendor three times in total if it truly cost S$8.
"He say it’s big size now, last time ice cream cone not so big 🤔 he was so insistent till the end," was the uncle's explanation, she wrote in the post.
Quek believed she was being ripped off, but she did not want to cause a scene over the amount "since he was an uncle".
She elaborated that there was no signage on his cart indicating that each ice cream would cost S$4, and she was only informed about the price after the man handed her the ice cream.
"I wouldn’t have bought if [I] knew beforehand," Quek said.
Some have come across the same ice cream uncle
Ice cream from the street carts these days typically cost between S$1 to S$2.
Commenters expressed their shock at the price as well.
Others shared that they had similar experiences with the same ice cream uncle and made sure never to purchase his ice cream again.
Others, however, claimed that they had bought the ice cream for much cheaper.
When Mothership went down to find the ice cream vendor on Sep. 4 at around 8:45pm, the vendor confirmed that he sold his ice cream with bread or in cones for S$4 each.
The S$4 servings come with a larger portion of ice cream.
Meanwhile, ice cream with wafers cost S$3 or S$4.
The vendor said the S$4 portion of ice cream is double the amount of the S$3 portion.
He added that he does not sell ice cream with bread for S$3 as he believes the S$3 portion of ice cream is too little when paired with bread.
Here are the S$3 and S$4 portions for comparison.
Quek's portion of ice cream as pictured in her post did look to be of a similar thickness to the thick one the vendor showed Mothership.
The ice creams' prices were also written in marker on the side of his cart.
However, the vendor admitted that he had only just marked out the prices.
The vendor told Mothership that his regular customers are aware of his higher prices and are fine with it.
He claimed that he has charged customers his ice cream at these prices for a "very long time".
In the 15 minutes Mothership was there, the ice cream vendor had three customers, although a fourth one walked off after learning of how much the desserts cost.
The vendor added that he works from 2pm to 9:30pm unless it rains, and only takes a handful of off days each month.
He also shared that his ice cream prices are expected to rise after the GST hike in 2024.
For now, he has no plans to retire and will simply "做到死 (work until die)".
Top photo from Lola Quek / FB and Mothership


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New Material Extends the Life of Touch Screen Devices
If the letter “e” goes dead on the touch screen of an iPhone, Tablet PC, or other mobile device, a recycling or trash bin is the next stop. A supermarket touch screen wears out after about 50,000 uses. Alex Jen, Professor and Chair of Materials Science and Engineering, is developing new technology to extend the durability of these products, no small goal given the burgeoning market for touch screens.
Jen and his team are developing a transparent organic electrode film to replace indium tin oxide (ITO), a brittle and expensive material now used in about 90 percent of touch screens, flat panel displays and TVs, and portable electronics. His hybrid electrode unites conductive organic polymer with a metal grid of silver or copper.
“This material will be much cheaper to produce than ITO by using a roll-to-roll printing process as in printing newspapers. It has excellent transparency and is so flexible it can even be incorporated in rollup displays,” Jen said.
In 2009, the UW Center for Commercialization awarded Jen a Commercialization Gap Fund award to conduct a market analysis. The UW Center for Commercialization has filed patent applications, connected him with potential investors and manufacturers, and is guiding establishment of a spinoff company.
“The UW Center for Commercialization has been very helpful in providing seed funding and connecting us with the business world, especially helping us to identify potential target markets and advisors who can help steer the company. Technology Manager Bolong Cao was critical in putting together a team of advisors that has enabled us to move from research to startup. The team identified the first application among the many potential directions and brought clarity to the strategy,” Jen said.
With an infusion of capital and progression to licensing and manufacture, Jen’s innovation could be on the market within three to five years, extending the lifespan of the letter “e” and its cohorts, and the billions of touch-screen and electronic devices consumers rely on daily.


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Netflix has extended its generous parental benefits to hourly workers also. Now hourly workers in the streaming, DVD and customer-service divisions will be eligible for expanded parental benefits. They will be granted full pay for maternity or paternity leave, including adoptions as well.
Netflix expands perks to hourly employees
Netflix will grant hourly employees in its streaming operations as many as 16 weeks full pay for maternity, paternity and adoptions, the streaming firm mentioned in an emailed statement to Bloomberg. It is 12 weeks for DVD-by-mail while customer-service workers will get coverage for 14 weeks.
On Dec. 4, citing Chief Talent Officer Tawni Cruz, Workforce Magazine was the first to report Netflix’s plans to expand parental leave to part-time employees. The report said the company will allow four months of parental leave.


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Consider this: In the past year, mobile browser and application users climbed over 80 million, representing one third of all mobile users. Nearly one in three mobile users access email on their mobile devices, while one in four use social media and one in five access search.
Fueled by smartphones, 3G/4G and unlimited data plan adoption, mobile media growth shows no signs of slowing in 2011 as consumers increasingly reach in their pocket or purse to consume content.
Devices Continue to Get “Smart”
Smartphone adoption shows no sign of stopping its upward climb as more and more Americans join the growing smartphone consumer base. At the end of 2010, 43 percent of new device sales were smartphones and in short order a majority of the new phones purchased by consumers in the US will be in this category.
Phone technologies continue to advance, improving the user experience across devices with such features as HTML5, 4G, improved video/photo systems, GPS-enabled capabilities, and other functions, as manufacturers, carriers and operating systems continually up their game in this rapidly advancing market.
The big growth story of 2010 was the rise of the Android platform which became the most widespread smartphone platform at the beginning of this year.
But as last year’s introduction of the iPad made clear, what’s shaping up is a battle between technology platforms and their related content ecosystem and here Apple continues to have the lead in the US market.
Mobile Advertising Ecosystem Begins to Develop
While still in its infancy, mobile advertising will become an increasingly important component of the mobile landscape in 2011 as the opportunity to reach a growing number of mobile media users provides an attractive environment for advertisers.
There are many layers to mobile advertising, from banner advertising to in-app ads, as well as targeted or location-based services, such as SMS or push notifications. As the ecosystem begins to mature, expect to see more and better quality ads appear on your mobile device throughout 2011.
M-Commerce Takes Shape
Accessing real-time price and product information while in store will be a continuing trend as savvy shoppers turn to their mobile device more frequently during the buying process. As consumers grow increasingly comfortable with their mobile devices, we can expect to see more purchasing occur on mobile devices as brands roll out convenient features such as one-click purchasing and address consumers security concerns.
Although still in its infancy, mobile wallet capabilities (using mobile phones in place of debit or credit cards for in-person purchases), are beginning to come onto the scene. For instance in early 2011, Starbucks announced that customers in thousands of locations can now pay for items with their phones via an application that can be scanned across a reader at check out.
Will this behavior become as popular as it has in places such as Japan where 1 in 10 mobile users make purchases with their mobile wallet? Many retailers are keeping a close eye on the possibilities.
2011 holds much promise for the entire mobile industry and should be an exciting year for brands and consumers alike. For those that have been waiting for mobile to develop into a truly digital channel the time has arrived.
To download a complimentary copy of comScore’s 2010 Mobile Year in Review, click here
Watch CNBC's coverage of the 2011 CTIA Wireless convention on Tuesday, March 22 and Wednesday, March 23 from Orlando, Fla. Technology correspondent Jon Fortt will report live from the convention floor, Jim Cramer will host a special edition of "Mad Money" on Tuesday at 6pm ET, and Michelle Caruso-Cabrera will co-anchor "Power Lunch" from the event on Wednesday at 1pm ET. _________________________
Mark Donovan is Senior Vice President for Mobile at comScore.


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Cash piles up for the tech titans
Published: 16 August 2009
THE world's biggest technology companies have a guilty secret. With debt in focus everywhere from carmakers to newspaper publishers, they have more cash than they know what to do with.
It is not a new problem but it is an enviable one. And it is becoming more acute. Eight of the world's 15 most cash-laden firms are in the technology sector, recent research found. The internet equipment maker Cisco, for example, is sitting on $25 billion (£15 billion), Apple is hoarding $31 billion and Google has $19 billion tucked away.
In some cases, it is not for want of trying to reduce the level of reserves. Microsoft, which has $31 billion in the bank, has handed back $115 billion to shareholders in the past five years through dividends and buybacks, and has an additional $40 billion share buyback in progress. And IBM's dividend has risen 175% since 2006.


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PS5's DualSense Edge wireless controllers are up for pre-order in India. The “ultra-customisable” PlayStation gamepads are preparing for a global launch on January 26, 2023, and arrives in India on the same date. Pre-orders are now live across Amazon India, e2z Store, GamesTheShop, and Sony Center, at Rs. 18,990. It seems Sony is not offering regional pricing for its latest product, as it costs $199.99 (about Rs. 16,300) in the US. International pre-orders went up on October 25, almost a month before India got their chance.
The PS5 DualSense Edge is essentially Sony's (very belated) response to Xbox's Elite Series of controllers. This marks the first time the company has taken a crack at customisable controllers, as previously, players had to rely on third-party storefronts like Scuf Gaming for similar features. And while those established their prowess on the hardware front, PlayStation is upping the ante with software options to build a personalised gaming experience. Key features include button remapping, swappable stick caps, and unique profile settings, which can be toggled depending on the game.
Following the pre-order period, Sony has stated that the DualSense Edge controllers will be available to purchase from participating retailers, starting February 23, 2023. Bear in mind, this date has been assigned keeping the international customer base in mind, and that India sale dates might differ. In October, PlayStation confirmed a replaceable stick module, costing $19.99 (about Rs. 1,700), to be available for pre-order, though it's nowhere to be found on the aforementioned Indian digital storefronts.
PS5's DualSense Edge controller comes packaged in a white carrying case, which includes a port for USB-C charging. Then there are three pairs of swappable thumbstick caps, and two pairs of back buttons — the latter of which gives an extra edge, as it can be configured to additional inputs. Similar to side buttons on a gaming mouse. Analogue stick caps are divided into standard, high-dome, and low-dome categories, and can be replaced to easily suit your finger alignment.
The PS5 DualSense Edge controller releases January 26, 2023, with pre-orders now live across Amazon India, e2z Store, GamesTheShop, and Sony Center.
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Buenos Aires, Oct 5 (EFE) .- Argentina announced on Tuesday new limitations on obtaining US dollars through sales operations in public securities and shares, while modifying the mechanism for the advance payment of imports.
The National Securities Commission (CNV, market regulator in Argentina) ordered new measures that affect the operation of the so-called dollar “cash with settlement” (CCL) and the “stock dollar” or “MEP dollar”, which are achieved by buying assets Argentines in pesos and selling them in dollars, in the domestic market or on Wall Street.
Operations of this type have grown among the most sophisticated investors and companies since the tightening of restrictions on buying US currency in banks and exchange cases.
Among other measures, the CNV established a limit of US $ 50,000 per week for the sale of negotiable securities denominated in US currency and issued under local law with settlement in foreign currency.
In addition, it limits the frequency of operations to one every 30 days.
The CNV said in a statement that this resolution “is issued in coordination” with the Central Bank of Argentina (BCRA) and the Ministry of Economy “with the purpose of contributing to a prudent administration of the exchange market, reducing the volatility of the variables and contain the impact of fluctuations in financial flows on the real economy, within the framework of current economic policy “.
Due to exchange restrictions and the various channels to obtain dollars, different quotes coexist in Argentina.
While in the informal retail market, the US currency closed this Tuesday at 185 pesos, in the state-owned Banco Nación it is sold to the public at 104.25 pesos per unit, although a 30% rate is applied to that value and purchases are limited at $ 200 per month.
Meanwhile, the CCL closed this Tuesday at 176.44 pesos and the MEP at 176.34 pesos per unit, while the official wholesale dollar (exchange rate for foreign trade operations) stood at 98.89 pesos per unit.
Disclaimer: This article is generated from the feed and not edited by our team.


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It’s an exciting time for car-shopping website TrueCar. The company has announced former Hyundai CEO John Krafcik has joined its board of directors, and that it has also filed paperwork with the Securities and Exchange Commission for an initial public offering.
Krafcik joins TrueCar as director and as a member of the board’s operating committee after his five-year tenure at Hyundai Motor Corp. Krafcik stepped down from his position at Hyundai late last year, leaving former VP of sales David Zuchowski in charge of U.S. operations. The move comes just after TrueCar raised $30 million from Paul Allen’s Vulcan Capital, and announced that it has completed over 1 million auto transactions with help from its certified dealers. In addition, TrueCar has also filed for an IPO, and although certain details like the amount of shares and the price they’d be offered at haven’t been revealed, Automotive News reports the company may seek a market value of as much as $125 million. Goldman, Sachs & Co. and J.P. Morgan Securities LLC will act as the joint book-running managers, and if the transaction is completed, it would be good news for the company.
“And I think, you know, if we ultimately take on additional capital or we become a public company, I don’t think anything changes other than we just will have the resources to grow bigger and faster,” said TrueCar CEO Scott Painter to Automotive News.
This is a stark comparison to the company in 2012, when it nearly went out of business after dealers complained TrueCar was fostering hyper-competition. Now, the company has been restructured to focus more on providing a transparent price that allows dealers to still make a profit. TrueCar currently works with a dealer network of more than 7500, but those numbers could grow if the company continues its success.
Source: TrueCar, Automotive News (Subscription required)


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Possible Tencent-Supercell deal translate market mobile e-sports to the new level
31 May 2016
China Investment company of Tencent - the owner of Riot Games, Epic Games and other online services - perhaps preparing for a transaction that will change the face of mobile e-sports worldwide. There are good reasons to believe that they will soon become the owners of a majority stake in the Finnish developer of games like Clash of Clans, Clash Royale, Hay Day and Boom Beach. On this transaction, it became known to journalists edition of The Wall Street Journal.
Game Clash of Clans - one of the development Supercell
Negotiations still in the initial stage and a deal is still far from signing the contract, but this possibility is to announce a new stage of development in the mobile e-sports. Tencent - one of the biggest companies in the gaming industry and the e-sports.
"Supercell revenues grew from approximately EUR 100 million in 2012 to 2 billion euro in 2015."
If you have not heard of Supercell, then you have very little time spent in mobile games on your phone. According to the specialized marketing agency Superdata, Clash of Clans - one of the two most profitable projects in mobile games in the past two years. According to the Wall Street Journal of The the Journal, Supercell revenues grew from approximately EUR 100 million in 2012 to 2 billion in 2015. In 2013, SoftBank bought a 51% stake Supercell for $ 1.53 billion, and later brought these assets to 73%. These shares SoftBank and claims Tencent.
Tencent controls most of the assets in such companies of the gaming market, as the Riot Games (100%), Activision Blizzard and Epic Games (100%). And last year, Chinese investors have purchased minority packages of US companies Glu Mobile Inc. and Pocket Gems Inc. According to journalists The Wall Street Journal, "the appetites of Tencent can reach sizes of up to $ 4 billion."
Mobile game Clash Royale
Since then, as the Finnish developers added to the game Clash Royale tournament's mod, it should be considered as eSports. And soon it was confirmed for the tournament organized Supercell Helsinki mid-April. This tournament impressed many experts with the scope and quality of the hosting: a huge stage show, the work of analysts, infrastructure show tournament. Without a doubt, will take this deal or not, the game Clash Royale expect a splendid future of eSports.


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USA: U.S. Food and Drug Administration reaffirms safety of canned tuna
An advisory issued today by the FDA -- the government agency responsible for regulating the canned tuna industry -- underscored the safe and many beneficial aspects of canned fish. After a thorough scientific review, the FDA reiterated its long-standing advisory that canned fish, including canned tuna, can be safely consumed by pregnant women and women of childbearing age, according to the U.S. Tuna Foundation (USTF).
In issuing the advisory for pregnant women to avoid swordfish, shark, king mackerel and tilefish, the FDA encouraged pregnant women "to select a variety of other kinds of fish -- including shellfish, canned fish, smaller ocean fish or farm-raised fish."
"As an industry that is committed at all times to producing safe and nutritious food products, we agree with the FDA, particularly its advice that canned fish, including canned tuna, is a safe and essential part of the American diet," said David Burney, executive director of the USTF.
Many scientific and medical studies have documented the health benefits of canned tuna -- an excellent low-fat source of proteins, vitamins, minerals and heart-healthy fatty acids and fish oil. In addition, many scientists, physicians and health and dietary organizations, such as the American Heart Association, advocate fish consumption as part of a healthy and balanced diet.
The U.S. Tuna Foundation is a trade association representing U.S. tuna processors and U.S. tuna boat owners.
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The Union Power Ministry has mooted a pre-paid metering system to substitute the power billing and payment system in vogue.
Draft amendments proposed to the tariff policy have set a time frame of three years for shifting from the current post-paid to the pre-paid system. And that would open an option for consumers to charge their power connections, as per requirement, from their mobile phone or laptop. This is being projected as a more consumer-friendly and efficient system.
A shift to the new system would call for the Kerala State Electricity Board to have meters designed to automatically cut off supply once the amount credited exhausted.
As per the system mooted by the Centre, smart meters in pre-paid mode will be installed for major consumers such as industries and a simple pre-paid meter for smaller consumers, mainly in the domestic bracket.
Of the 1.30 lakh consumers in the State, extra-high-tension and high-tension consumers together comprise about 6% and the domestic segment constitutes the lion’s share of 94%.
As per the policy, the Kerala State Electricity Regulatory Commission will have to lay down the trajectory for adopting the new system, with an accent for those sectors that suffer high loss.
The shift to the pre-paid system will do away with the current problems associated with the meter reading system such as billing, collection and disconnection in the case of non-payment of bills within the specified time limits.
Though the Centre has put forward a time frame for moving over to the new metering system, the board could ill afford to make a total deviation from the existing system. It would have to redeploy meter readers and cashiers manning the counters across the State, and most importantly could replace the meters only in a phased manner.
Given the pace of change in the power sector, the State would have to change over to the new system at least within the next five years and prior to that the board would have to complete the procurement of the new meters and complete the staff redeployment too, sources said.
Source: Read Full Article


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Bentley has announced that after more than a decade of production, the production of the hyper luxurious Mulsanne car is coming to an end. With the demise of the Mulsanne, the Bentley Flying Spur is now the flagship model for the automaker. Since the Mulsanne entered production, Bentley has built more than 7300 examples.
Every one of that number was handcrafted by Bentley in Crewe, Cheshire. While Bentley wanted to celebrate to end the Mulsanne, the COVID-19 pandemic prevented that. The images seen here are of the penultimate version of the car, a Mulsanne Speed ‘6.75 Edition by Mulliner’ that is finished in Rose Gold over Tungsten paint.
Bentley does note that there is a single extremely special and final Mulsanne to be produced behind the penultimate car seen in the images that will be sent to a customer in the United States. Bentley says that the final home for that very last car is a closely guarded secret. The Mulsanne launched in 2009 at Pebble Beach and was from the ground up at Bentley’s home in Crewe.
The first updates to the model came in 2012 with the introduction of the Mulliner Driving Specification that featured new design features and unique 21-inch wheels. Inside that car received a diamond-quilted leather-trimmed cabin and a sunroof.
In 2017 the Mulsanne Speed was introduced, focusing on an upgraded version of the V-8 engine that made 530 hp and 811 pound-feet of torque. In 2016 Bentley unveiled a new Mulsanne family in Geneva with numerous updates to increase luxury offered by the vehicle. Bentley developed a third version of the Mulsanne, focusing on the rear seat occupant called the Mulsanne Extended Wheelbase. Bentley notes that the 6.75 Edition by Mulliner gets its name from the displacement of the V-8 engine, which went out of production this year after more than six decades. Only 30 6.75 Edition cars will be made.
The Special Detail Hidden On The Cadillac Escalade-V
If the V badge means anything in a Caddy, you can think of it as Popeye after devouring a can of spinach. The Escalade-V has a 6.2-liter supercharged gas-fed V8 engine derived from the hardcore CT5-V Blackwing. However, Cadillac engineers gave the mill a more substantial 2.65-liter R2650 TVS supercharger with four-lobe rotors capable of spinning to a heady 13,500 rpm. Pumping out up to 10 pounds of boost accessible with a heavy right foot, the Escalade-V offers 682 horsepower and 653 lb-ft of torque, making it the world’s most powerful full-size luxury SUV. In addition, the blown V8 churns out maximum torque from 4,400 rpm, which means you get ultimate shove without burying the go-pedal, a trait that most luxury car or SUV buyers love.
Sure, the Escalade is an opulent (albeit pricey) family SUV, but the V badge and magnificent supercharged V8 have given it a renewed vigor. According to Cadillac, the Escalade-V could sprint from zero to 60 mph in under 4.4 seconds. It could also breach the quarter-mile run in 12.74 seconds at 110 mph. For context, the Escalade-V has more power than a Mercedes-AMG GLS 63 and is faster than a RAM TRX at the dragstrip. Who says you can’t have fun in a three-row luxury SUV?
Today’s Wordle Answer #382 – July 6, 2022 Solution And Hints
The answer to Wordle’s July 6, 2022, edition is the word fluff. When it comes to an etymological analysis, there isn’t much meat to the puzzle here. A close predecessor is the word floow (also spelled as flue), which refers to a wooly substance. There’s a Flemish term called vluwe and a French word velu meaning hairy or shaggy that are said to be earlier variants of the word. Some say that the world fluff is an imitative modification of the word floow, which describes the act of puffing a light substance. Another theory is that fluff came out from the merger of flue and puff.
There’s also a movie that was released in 2020 by the name “Fluff,” but you haven’t likely seen it unless names like John Pallotta, Wesley Green, Brian Anthony Wilson, and Gina Martino ring a bell. Fluff sandwich is also a delicacy in the New England region; it gets its name from the light filling that is predominantly marshmallow with jelly or peanut butter, and is colloquially referred to as the fluffernutter.
Samsung’s Foldable Phones Could Get Much Cheaper In The Near Future
During the restructuring of its smartphone branding scheme, Samsung adopted the A letter for its mid-range phones, reserving M for entry-level devices (spoiler: the three phone families now spell S, A, M). The Galaxy A series usually has some resemblance to flagship Galaxy S phones, particularly in design, but often skimps out on other hardware components like the processor, memory, and cameras. According to an insider source (via ETnews), Samsung will be using the same tactic to bring down its foldable prices to a more agreeable level.
The report doesn’t say which corners will allegedly be cut to reach that lower price point, though it does mention only having core functions installed. If there is one thing that Samsung can’t skimp on, however, it is the durability of the foldable phone and the materials it will use. If a cheap foldable phone with an already fragile display is easily damaged, it will only serve to scare potential buyers away rather than increase confidence in the product line.
Samsung will reportedly target a price of 1 million KRW, which is roughly $770 USD and therefore considerably cheaper than even the Galaxy Z Flip 3 model’s price tag. This won’t be happening anytime soon, though, as the pieces are unlikely to fall into place until 2024 — presumably when foldable displays themselves have become less expensive to make. Samsung’s timeline might also be influenced by Apple’s foldable plans, as the Korean company will most likely want to have its brand well-established in that market before the first foldable iPhone or iPad launch.
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In terms of basic math, adding one number with another number always equals two. But in the world of business — and ag retail, recently — adding two different companies together tends to equal something entirely more complex than just a simple answer.
For example, take the case of one of the most recent ag retail consolidations to happen — Co-Alliance LLP and Harvest Land Cooperative Inc. Both these Indiana-based cooperatives have been very successful over the years. In fact, Co-Alliance and Harvest Land Cooperative have been among the nation’s top ag retailers in terms of yearly revenues, with each perennially ranking as members of the annual CropLife 100 rankings (with sales ranging between $66 million and more than $200 million).
And both cooperatives are similar in overall corporate make-up: Co-Alliance had 24 outlets spread out across three states (Indiana, Ohio, and Michigan); Harvest Land had 31 outlets located in Indiana, Ohio, and Illinois. Each employed several hundred workers as well. By all accounts of a business world view, both cooperatives are profitable, well-positioned ag retailers that would remain successful on their own for many years to come. For Co-Alliance and Harvest Land, the single number math seemed just fine.
Despite this fact, both cooperatives began discussions about adding their assets together a few years ago. These reportedly took a more definite tone during the latter half of 2020. A vote by each cooperatives’ membership was held this past January to determine if a formal consolidation between Co-Alliance and Harvest Land should take place. Once the votes were counted, the verdict was a resounding “yes” for combining, and the companies agreed to merge their operations on February 1, 2021. The newly-formed Co-Alliance Cooperative services customers in Indiana, Ohio, Michigan, and Illinois. It features four core divisions — Agronomy, Energy, Grain, and Swine & Animal Nutrition. Together, the new cooperative will have over 1,000 employees and $1.3 billion in sales.
“Co-Alliance Cooperative brings together two extremely strong cooperatives with a successful history of servicing member-owners at the highest level,” said Kevin Still, who was President/CEO of legacy Co-Alliance and will serve in the same capacity for the merged cooperative. “I anticipate this strong combination will provide synergies and resources that will enhance our customers’ experience and prepare us to meet the needs of our future stakeholders.”
Former Harvest Land CEO Scott Logue — who will now serve as Executive Vice President for the new Co-Alliance — agreed. “Merging Co-Alliance and Harvest Land enriches our ability to embrace the cooperative spirit by focusing on our member’s needs and investing in our local communities,” said Logue. “This historic merger creates a cooperative that can proactively navigate the ever-changing industries we service and provide an environment in which our customers and employees thrive.”
In the bigger picture, says Amy Kinsler, Vice President of Sales and Marketing, the merger of Co-Alliance and Harvest Land represents the latest in a long line of ag retail consolidations to take place in recent years to accomplish the same end goals. “Consolidation is being driven by an ultimate desire to create a superior customer experience,” says Kinsler. “Combining our assets truly allows us to stay relevant in our industry and gives us the size and scale needed to incorporate the technologies, products, services, and expertise needed by today’s customers.”
Lots of Consolidation Math
Truthfully, lots of the “one plus one equals a bigger one” consolidation math has been going on within the ag retail community. These are ranged across the company size spectrum — from GAR Tootelian (a one location ag retailer in Reedley, CA) merging with another one location retailer, Bennett Water Systems, centralizing into a single location under the name GAR Bennett, to a merger of $1 billion-plus giants when Simplot Grower Solutions acquired Pinnacle.
For a brief moment, this left the usual “More Than $1 Billion” seven of the annual CropLife 100 listing with only six members. However, in September 2020, three “More Than $100 million” ag retailers — Agri-AFC, Tennessee Farmers Cooperative, and Greenpoint AG – decided to combine their ag retail operations into a single company. This vaulted the new Greenpoint AG into the More-Than-$1 Billion club as the new seventh member.
Another ag retail active in consolidation math these past few years is Valley Agronomics, Nampa, ID. In 2017, this member of the CropLife 100 merged its operations with another long-standing CropLife 100 company, Wilco-Winfield of Mt. Angel, OR. Then, just as the new year began, Valley Agronomics continued to expand upon its ag retail footprint by acquiring Saddle Mountain Supply Co., an agronomy supply company located in central Washington. The merger included four agronomy centers, fleet, equipment, and the management of Saddle Mountain, which has served the Columbia Basin and its surrounding growers since the 1970s.
“Valley Agronomics has a vision to be the agronomy company of choice in all markets that we serve,” says Richard Lloyd, General Manager for Valley Agronomics, of the Saddle Mountain move. “One reason that we were attracted to the recent acquisition in Washington state is that growers want to do business with a grower-owned company that is focused on their success.”
But, adds Lloyd, this consolidation trend among ag retailers goes much deeper in its overall scope. “The past several years of consolidation at the manufacturer, dealer, and grower levels has put market influence into fewer hands,” he says. “This really creates challenges to stay relevant and profitable for smaller dealers. We are always looking for profitable and strategic growth opportunities.
“Consolidation at the manufacturer level accelerated years ago on the fertilizer side of the business” continues Lloyd. “In the past few years crop protection and seed consolidations have accelerated. Retailers are seeing this on both sides as growers continue to consolidate and more farmland is controlled by fewer entities. I don’t believe that retailers can sit back and think that all the consolidation won’t affect their businesses. We know that it has a big effect both short term and into the future. This does not mean that small retailers are going to go out of business. We all have to adapt and find ways to stay relevant, bringing value to growers. This can be done in many ways such as developing new services or opportunities. One way to survive would be to consolidate with other retailers that could bring strength and find ways to reduce or spread costs.”
Jim DeLisi, owner of Fanwood Chemical and a frequent speaker at industry trade events, also pointed to this earlier “consolidation math among suppliers” trend as a key motivator for today’s ag retail mergers. Speaking at the 2017 AgriBusiness Global Trade Summit in Las Vegas, NV, DeLisi discussed what was then driving large crop protection and seed suppliers to begin tabulating consolidation math. As might be expected, all kinds of numbers were at play.
“The largest driver of agrochemical mergers is the market price for crops such as corn and soybeans,” said DeLisi. “Corn prices in 2008 were $8 per bushel. In 2016, they were $3 per bushel. So in essence, the agricultural market lost $15 billion in value between 2008 and 2016. These kinds of losses have impacted ALL the suppliers to this market. And it’s put most growers in a kind of ‘survival mode’ when it comes to spending money and looking for ways to increase their profits.”
He also added new innovation/product development costs to his consolidation math equation. “New product development costs, for both seeds and chemicals, are in the range of $300 million to $500 million in development and registration globally,” said DeLisi. “Only the latest companies have the resources and leverage to both finance and then recapture this level of investment in an attempt to ‘stay ahead of the weeds and bugs.’ Mergers were chosen as the path to increased revenues to allow for more research and development expenditures while protecting shareholder value.”
Strong + Strong = Stronger
In addition to looking at the consolidation math from industry suppliers, today’s ag retailers are also considering how to stay relevant. And this is not a new trend. In fact, back in 2016, two very large, individually successful Ohio-based cooperatives — Sunrise and Trupointe — decided to merge their companies. When asked why, Sunrise President/CEO George Secor cited this as the reason: “That’s the one word [relevant] I kept using as Sunrise and Trupointe held some 35 merger meetings throughout the two companies during January and February of 2016,” said Secor. “We were both coming off really strong financial years. At the same time, I kept telling our board that with what was going on across the agricultural space, the decks could easily get re-shuffled and we could suffer as a company. In fact, I reminded them that 10 years ago, Sunrise and Trupointe each would have easily ranked in the Top 10 cooperatives in the country based upon our sales volume. However, by 2015, neither of us ranked in the Top 20 among cooperatives anymore, despite doing financially fabulous.”
Of course, says Shelly Kruse, Executive Director, Strategic Relationships for GROWMARK, Bloomington, IL, there are plenty of other factors that can be added to the consolidation math equation. These include the following:
- The ability to have the size, scope, and scale to deal with so few manufacturers.
- The continued consolidation at the grower-customer level.
- Larger growers wanting to spread their business between retailers to control supply risks that pop in the market and the reliability of custom application if/when needed. Growers, however, want to deal with dominate retailers.
- Overall growers are shifting to an educated/business approach and this takes top talent at the retailer to demonstrate value to the growers. Consolidation allows for sorting out of talent and securing top talent.
- The need for people resources in business areas that can’t be supported within smaller cooperative structures. Examples of key positions needed that help drive consolidations are human resource manager, technology lead, CFO (instead of bookkeepers), experienced management level positions, and top salespeople.
- Costs that have increased within the past few years — pension (retirement plans), health insurance, overall insurance costs, and application equipment are driving the need for efficiency improvements to do more with less where consolidations can provide positive impact.
- Doing business in multiple states is common and requires additional resources.
- The recent volatility of markets speeding up the urgency of consolidation for leveraged and financially-stressed cooperatives.
- Growers have experienced financially challenging years within the past five to seven years. This has impacted credit and retail cooperatives quality of aging. The lingering impact of credit and collections will continue as another factor influencing some mergers.
- The increase in the use of technology tools requires scope and scale to implement and fund. This includes digital sales and other technology-forward solutions.
“We don’t see the following factors changing significantly in the near future,” says Kruse. “Therefore, [this will] support continued consolidations.”
And what about the influence on the consolidation equation from the watchword of 2020 and early 2021, COVID-19? According to industry watchers, the ongoing coronavirus pandemic has had almost no effect on ag retail consolidations.
But that’s not to say COVID-19 has had no impact whatsoever, says Kruse. “COVID-19 doesn’t appear to factor into the decision for cooperatives to merge,” she says. “However, the COVID-19 pandemic has delayed the merger process for some cooperatives. Being unable to conduct in-person meetings has caused delays with mergers that were in process. For those not already in the process, there are delays in bringing together boards and management. And a key element of mergers is developing strong relationships that provide merger partners the opportunity to build trust as they work through an analysis period.”
Despite this slight delay, Kruse expects ag retailers to continue looking hard at consolidation math in the upcoming months and years.
“Cooperatives will continue to look at consolidation opportunities as margin/earnings pressure and the urgency to continue to improve efficiencies continue at the forefront,” she says. “Technology improvements, including increased digital connectivity and business use cases, and securing top talent provide the size and scope required to execute within these areas.
“This year, 2021 may drag slightly because of the complications of holding meetings and working through the required processes,” she concludes. “But 2022 will likely increase from the current market volatility within the grain markets and the impact to crop inputs.”
Co-Alliance’s Kinsler agrees. “As the cost of doing business continues to increase and the needs of our customers continue to become more dynamic, the industry will continue to look for synergistic opportunities,” she says.


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| Jun 30, 2010
Congratulations to our CEO, David Friend, who was named the E&Y Entrepreneur of the Year for New England in the Emerging Technology – consumer and small business category. Dave was awarded this honor last night at a black tie gala at Boston’s Renaisance Waterfront Hotel.
Dave now moves on to the National competition which culminates with an awards ceremony in November in Palm Springs. In his acceptance speech, Dave singled out Jeff Flowers, Carbonite’s CTO and Dave’s business partner for over 30 years, as the person whose technical brilliance made this award possible.
We’ve all experienced Dave’s passion for Carbonite. Carbonite is Dave’s sixth company over a span of nearly 40 years. Those of us who know Dave and have had the privilege of working with him realize that he neither needs or nor seeks the kind of recognition that was awarded him last night. The E&Y Entrepreneurship award is certainly the most prestigious award an entrepreneur can win, and even though we almost had to drag Dave to this competition, we’re very proud that he won. After all the companies he’s founded, all the jobs he’s created, and all the great products he’s introduced to the world, we’re really pleased to see him get the recognition he so deserves.
So congratulations, Dave. We're proud of Carbonite and we’re proud of you as our leader.


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IDC tipped wearables across popular device types to grow at an annual rate of 15 per cent per year to reach 637 million units in 2024, with ear-worn devices set to continue their sector dominance.
In its latest wearables forecast, the company said the number of units shipped in its so-called hearables segment, comprising devices worn in or around the ear which provide connected services, would increase from 234 million in 2020 to 397 million in 2024.
Watch shipments are tipped to increase from 91 million to 156 million over the same period while wristbands are expected to grow from 68 million to 74 million.
It expects the total number of wearables shipped in 2020 to be 396 million, up 14.5 per cent on 2019.
Earlier this month the company cited the Covid-19 (coronavirus) pandemic as a key factor boosting demand for wearables during Q2 2020, a trend it expects to continue throughout the year.
IDC analysts noted other key factors helping the sector’s progress in the upcoming quarters would be the link between devices and related services, an advantage being pushed by major brands including Apple, Amazon and Fitbit at recent launches.
Ramon Llamas, research director for mobile devices, AR and VR said: “Wearable devices and services will evolve together in the coming quarters. Wearables are the perfect device to collect user data, and services provide guidance and actionable insight. Together, they offer the user a virtual coach to make better decisions and achieve their goals.”


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New research commissioned by the Ladder Association has raised serious concerns that unsafe and potentially dangerous ladders are being sold to unsuspecting consumers in the UK.
The report, produced in partnership with East of England Trading Standards Association (EETSA) and Suffolk Trading Standards Imports Team, found that over 80% of commercially-available telescopic ladders tested in the study failed to meet the minimum safety requirements designed to keep users safe. Worse still, the research found that over half of the failed ladders were marked and sold as ‘compliant’ in a deliberate attempt to mislead consumers.
While there are manufacturers producing ladders that meet the safety standards, the study showed that a significant number of ladders available on the market – and sold by some of the country’s biggest online and trade suppliers – fall well below basic safety requirements. Many of these ladders appear fit for purpose and some even display bogus compliance labelling, giving customers false assurance.
Pictured left to right: Gail Hounslea, Chair of the Ladder Association, Andrew Fayers, Senior Trading Standards Officer, Cambridgeshire County Council on behalf of EETSA, and John Darby, General Manager, Test & Research Centre.
Working at height can be risky enough, without the additional danger of shoddy ladders – every 11 minutes in the UK, someone attends A&E after sustaining an injury involving a ladder. A fall from height can cause life changing injury, and in some cases, can even be fatal.
The aim of the report is to shine a light on the very real dangers of poor-quality ladders on the market and direct consumers to purchase genuine, certified products to prevent injuries caused by unsafe equipment. The organisations behind the report are also calling for suppliers, large and small, to take the responsibility to be more diligent when sourcing ladders to sell to customers.
Telescopic leaning ladders have become much more popular in recent years, partly because they require a small storage space compared to other types of ladder; they’re lightweight and compact, and are adjustable in size and working height. To be certain they’re as safe as they should be, they should be manufactured to comply with product standard EN 131-6. It was against the most safety critical requirements of this standard that the sample products were tested at the UKAS accredited independent Test & Research Centre in Soham.
Peter Bennett OBE, Executive Director of the Ladder Association, commented: “Making sure consumers are safe is our number one priority and we are committed to raising awareness of potentially harmful ladders. We are aware of below-standard ladders being sold across the UK to unsuspecting customers, and we are particularly surprised and unsettled to hear that some of our best-loved retailers are stocking potentially hazardous products.
“The evidence we have found of unsafe ladders being retailed in the UK is astounding. The majority of telescopic ladders we tested did not meet the minimum safety requirements designed to keep users safe. These ladders are dangerous and have the potential to cause serious injury. Our message is clear: do not assume that all products sold by retailers in the UK are safe. We hope our research conducted in partnership with Trading Standards gives consumers an increased awareness around the issue and encourages them to exercise caution when buying ladders, particularly online.”
Vicki Burch, Chair of the East of England Trading Standards Association Product Safety Group, said: “EETSA and Suffolk Trading Standards Imports Team have found it invaluable to work with the Ladder Association on this project. From the samples provided by EETSA, over half failed the appropriate tests to the applicable safety standard. For those telescopic ladders identified as non-compliant, action has been taken to ensure they are removed from sale. EETSA would advise consumers to take time to research before buying, particularly online, buy from reputable sources and check product reviews. If consumers have concerns about the safety of a product before or after purchase, it should be reported to Trading Standards.”
Gail Hounslea, Chair of the Ladder Association, added: “Our research carried out in the Telescopic Ladder Surveillance Survey underlines the importance of putting safety first when it comes to purchasing ladders. It’s easy to assume that ladders being sold from a recognisable site or store are ‘trustworthy’ and these marketplaces would only sell tried and tested products, but sadly this is not always the case. We are calling on consumers to shop safer, and one way to guarantee product safety is to buy from a Ladder Association member. We are also urging suppliers, retailers and importers to play their role in sourcing only compliant and safe ladders. If they are unsure of the quality, they should have them independently tested within the UK. No matter their size, retailers and suppliers must take greater responsibility for consumer safety.”
The Ladder Association and East of England Trading Standards Association are committed to ensuring customer safety through testing and product recommendations. Following the results of the Survey, both organisations are calling for increased vigilance of the issues on the part of suppliers, marketplaces and social media selling platforms, as well as enforcement agencies and governing bodies, and a joined-up approach with Trading Standards to stop these products at port.
Founded in 1947 and celebrating its 75th anniversary this year, the Ladder Association is the voice of the industry and promotes the highest standards and competence, while working with major bodies including the Health & Safety Executive. The Association harnesses its own expertise along with that of its member companies to support technical excellence, safety and best practice in the interests of ladder users everywhere. All Ladder Association members are required to make or supply ladders that meet the current product standard.
To find out more information on the Step Up to Safe Ladders campaign and to view the full report, please follow the link: www.ladderassociation.org.uk/step-up
 Hospital data from NHS England, NHS Wales and Public Health Scotland


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Cushman & Wakefield
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