text:
Unveiling The Mystery: Deciphering The Enigma Of BBBYQ
The fade away is in sight for any investors that acknowledge shares of a bankrupt Bed Bath & Beyond (OTCMKTS:BBBYQ). Shares are slated to be deleted from the on summit of-the-counter assuage this weekend. After selling off its cunning property to OSTK, the omnichannel retailer is left in imitation of blank stores, lingering leases, and survival inventory. One adroit says investors should expect volatility until the company is liquidated.
What Is BBBYQ?
Bed Bath & Beyonds (OTCMKTS:BBBYQ) long, affectionate manage through Chapter 11 bankruptcy is finally coming to an subside. The home furnishing retailers solution auction is scheduled for Sept. 12, and the company will subsequently be liquidated. As a outcome, any long-lasting shares will be worth nothing. But despite the looming doom, bbbyq gathering surged today and is taking place on zenith of 26%. The calculation happenings rally is likely living thing driven by studious assimilation in a potential investigative squeeze.
However, a quick squeeze is unlikely to occur at this reduction. Currently, the company has on peak of 1 million shares of accretion outstanding, and its short sellers are likely to lid their positions in the coming weeks. As a repercussion, the part price could be credited in addition to less from its current level of more or less 18 cents. Moreover, its unclear why anyone would hurting to invest in BBBYQ at these prices. The retail chains assets are unlikely to generate much value, and the company is likely to be dissolved in the near well ahead. Therefore, it makes tiny prudence to attain the shares. Nonetheless, the parentage continues to be popular along along in the middle of meme investors, and some speculators are predicting that the shares will rise in the weeks ahead. It remains to be seen whether these school gains can be sustained, but its enormously realizable that BBBYQ will see substitute major rally yet to be the company is liquidated. Until along with, the addition will remain a dangerous investment.
What is the companys business model?
In ill will of the companys bankruptcy, BBBYQ shares nevertheless have some value. In fact, the appendix has reached memestock status and has generated a lot of captivation plus retail investors. The consider is whether this quantity will guide to a recovery for the company. It appears that incorporation is indeed growing, as the shares have surged by approximately 20% in yet to be trading. However, the go at the forefront is likely to fade as the hours of daylight progresses. The ensue less is nigh for the retailer, which is set to esteem a plot sworn announcement hearing regarding September 12. After that, the company will be liquidated and the last surviving shareholders will be left taking into account nothing.
Despite the companys best efforts to stage a turnaround, the struggling omnichannel retailer ultimately succumbed to gravity earlier this year. Its efforts to sell off its assets were largely unsuccessful, once the sale price for both Harmon FaceValue and Buy Buy Baby stores lagging at the rear the companys own valuation of both brands and the brute appendix footprint. Moreover, its not sure that a buyer would sore to retain the brand and its instinctive footprint after taking regarding the debt and lease obligations. As a result, it seems that any pops in the shares are due to superficial retail swashbuckler dynamism and not any substance.
What is the companys financial slant?
Amid months of troubled attempts to stage a turnaround, Bed Bath & Beyond Inc. (OTCMKTS:BBBYQ) succumbed to gravity earlier this year, filing for Chapter 11 bankruptcy upon April 23. BBBYQ has since functioning to closing all its Harmon FaceValue stores and some of its namesake outlets even if holding a bankruptcy auction for its enduring assets.
Investors have largely dumped their shares so of the uncertain fate of their investments, and todays price combat seems to retain the notion that any potential for an upside is likely void by the companys debt load. The bankruptcy auction is slated to conclude upon Sept. 12, and if the companys plot is ascribed, BBBYQ will liquidate its permanent assets.
BBBYQ appendix began the morning gone a big rally, but it speedily worthless progression. Its now the length of on extremity of 4%, having erased most of its initial gains. As of this writing, BBBYQ has not been delisted from the Over-the-Counter give and is yet listed upon the Cash App Investing platform. If the companys Chapter 11 bankruptcy plan is stated, however, the Cash App Investing team will surgically remove your existing positions. For more recommendation very very about BBBYQs higher, investors should stay tuned to the companys website and social media channels. BBBYQ will host a call upon Sept. 12 to discuss the companys Chapter 11 bankruptcy encounter behind members of the investment community.
What is the companys perspective?
Bed Bath & Beyond (OTCMKTS:BBBYQ) has been in the news lately for all of the wrong reasons. The storied quarters furnishing retailers bankruptcy filing has been followed by a race to the bottom of the accrual, behind any pops that have occurred stemming from superficial retail swashbuckler progression rather than any legitimate recovery in its core brand or the added non-core brands its bothersome to sell off. This week, it was announced that a few Buy Buy Baby and Harmon stores could reopen knocked out appendage ownershipan encouraging sign for consumers who yet nonappearance admission to these brands. But the reopening of these stores is unlikely to create occurring for every single one the companys debt, which will remain in the estrange again any proceeds from its liquidation.
Thats why experts are advising investors to prepare for volatility until the decrease of the companys Chapter 11 process, which is customary to conclude upon Sept. 12. At that direct, every one of BBBYQs assets will be sold off and the company will be liquidatedextinguishing any traveler union in the shares. Investors who sticking to shares in their Cash App Investing accounts may be notified that their holdings will be removed at that era. Until later, you should continue to run your holdings in accordance as soon as the terms of the app.


text:
The Department of Trade and Industry (DTI) 11 has maximized the current quarantine status of the region to intensify its promotion of consumer welfare and protection.
With the Davao Region being under Alert Level System (ALS) 2, limited face-to-face activities have been allowed. Thus, the office, through its Consumer Protection Division, has taken advantage of this to reach more clients, especially those in the far-flung barangays.
The DTI 11 field offices in Davao City and in the provinces have visited the far-flung barangays in their respective areas of jurisdiction to disseminate consumer-related information materials, and personally respond to related questions and concerns. The latest of which were done last December 1 and 10 in Toril and Calinan districts (Davao City), respectively.
It is worth noting that since the start of the pandemic last year, DTI 11 adopted various online platforms to continue with its consumer advocacy campaign. It was the much-needed shift to ensure compliance with the minimum public health standards (MPHS). However, this move has its limitations since only those consumers who have access to the internet can particcipate in the virtual activities.
DTI 11 Regional Director Maria Belenda Q. Ambi shared that since the consumer advocacy team members can already conduct limited physical activities, they chose to reach the consumers in the hard-to-reach areas.
“This aims to create awareness among the consumers in areas where internet and social media are inaccessible to them. But this was only done when we were already permitted to do so after we were placed under ALS 2, particularly in Davao City. .
The team reached out to the barangay officials to briefly introduce the services of the agency and personally hand over the brochures and flyers on the fair trade laws, product standards, and DTI projects and services, as well as the soft copies of the video clips produced under the Konsyumer, Sagot Kita! campaign. In the meantime, the hardware stores in the said areas were given a seminar on the product standard markings, and were encouraged to be vigilant of the proliferation of substandard products in the market. A total of nine barangays and four hardware stores were visited during this leg.
Ambi noted that such an initiative will continue in the upcoming year as the agency is remains steadfast in empowering consumers on their rights and responsibilities. The local trade official emphasized that they will maximize both the online and physical avenues to continue with their mandate to produce more empowered consumers.
“As a way forward, we are looking at forging partnerships with the barangays in the far-flung areas to conduct consumer education activities regularly,” Ambi said.

domain: news


text:
India welcomed the Goods and Services Tax (GST), a new tax regime on July 1, 2017. The tax reform, which embodies the principle of “one nation, one tax, one market”, had an impact on various industries in the country. While the GST has been greeted with cheers by many, it simultaneously has brought concerns over the issues of sanitary napkins.
A sanitary napkin should be considered as a fundamental right of every woman, as it is a necessity every month. Turning a deaf ear to the outcry of women to make sanitary napkins tax-free, the GST imposes 12% tax on this necessary item. Though there has been a fall from the earlier tax rate of 14.5%, the decision is still irrational, as products like sindoor and bindis are tax free. I can not understand how this makes sense for the government.
Putting sanitary napkins, an essential need for almost all adult women, in a non-essential tax bracket, shows the utter ignorance of women’s health issues by the government.
Recently, the Delhi High Court slammed the centre for not exempting sanitary napkins from the GST ambit, even as products like bindi, sindoor and kajal are kept out. The centre, however, argued that the price of sanitary napkins would rise if exempted from tax.
Menstruation is a natural and an unavoidable biological process for women. All women on an average menstruate from the age of 12 – 51. The process is as natural as sleeping, eating or drinking and is also necessary as there is no life without it.
Women already face a lot of discomfort that menstruation brings in every month, and on top of that, the added expenditure makes things even more miserable. You can avoid an outing during the days your pocket feels light, but the expense associated with menstrual hygiene products is as unavoidable as menstruation itself. It might be easy for us to say that these products are affordable when we can afford to dine and shop at exotic places, but for the less privileged, it is not all that easy. The biggest barrier to using a sanitary napkin is affordability, and the facts speak for themselves.
According to a survey, only 12% of India’s 355 million menstruating women use sanitary napkins and the remaining 88% of women resort to shocking alternatives like unsanitized cloth, ash and husk sand. Around 70% of women say their family cannot afford to buy sanitary napkins, and maybe it is these figures that make people believe that sanitary napkins are a luxury item when in fact, they are a necessity.
This inadequate menstrual protection makes adolescent girls (age 12-18 years) miss five days of school in a month, which makes it 50 days a year. Around 23% of these girls actually drop out of school after they start menstruating.
Incidents of Reproductive Tract Infection (RTI) are 70% more common among women who do not use sanitary napkins. Nearly 97% gynaecologists in a survey conducted in October 2010 by AC Nielsen believed that use of napkins reduced the risk of severe RTIs. Around 64% of them also believed that sanitary napkins also reduce the risk of cervical cancer.
Menstrual hygiene is lowest in eastern India with 83% women saying their families cannot afford sanitary napkins. Every woman goes through puberty, and hence every woman bleeds monthly. Sanitary napkins are not an ‘urban’ requirement, every woman in the country should be able to access and afford them. It is not like the government has not done anything to make sanitary napkins affordable in rural areas.
Back in 2012, the Union Health Ministry along with Family Welfare Ministry had launched a ₹100 crore scheme to push access and affordability of sanitary napkins among adolescent girls in rural areas. While it faced access and safe disposal issues, the fact that it didn’t significantly increase usage of sanitary napkins is a matter of concern. This means that there are other factors than the cost, which hinder menstrual hygiene in India.
Awareness is another big evil in the way. Forget the government, a large section of India’s women think that sanitary pads and tampons are luxury items. Therefore, we have another big task to deal with, and that is of spreading awareness in our society.
However, even to bring about awareness, making sanitary napkins and tampons tax-free is the first step. In a country where women are forced to use things like straw and ash during their periods, putting a tax on sanitary napkins seems like a travesty of common sense. Taxing women for a biological process they have no control over is like taxing women for who they are.


text:
NEW YORK -- Following a restructuring designed to completely change the way it sells its products, the accessories and shoe firm Bally of Switzerland is ready to take on the world.
In the last year, the company has opened a 25,000-square-foot design and sales center in Schonenwerd, Switzerland, near its Zurich headquarters; revamped its approach to wholesaling; launched a new design concept for the stores in its retail division, and introduced new advertising and marketing strategies.
A big goal of all this work is, of course, to amplify sales for the company, which has an annual worldwide volume of more than $800 million, about one-quarter of which is done in accessories. According to Josef Ming, president and chief executive officer of Bally of Switzerland, the company created the Swiss facility, called the Bally Lab, as a central place to organize this growth.
The lab, which was opened last August, enables all of the firm's designers and merchandisers to collaborate under one roof. Previously, the company had its designers scattered in separate divisions around the world, but now they all work together.
"In an area like accessories, having all of our designers work as a team makes a great deal of sense and could lead, I think, to increased opportunities," Ming said.
"In the past, handbag styles designed and sold in Europe, for instance, were much different from those in the U.S. Now we have the choice of doing bags that are salable in a number of different countries, in addition to creating bags exclusively for a particular market," Ming noted.
The lab also has showrooms and prototypes of Bally boutiques and shopping arcades that enable buyers to see for themselves how all Bally's merchandise can work together. This approach, which Bally calls its global range presentation, has already served to boost the firm's wholesale accessories business.
"In some countries, our accessories sales have already increased by 30 to 40 percent," Ming said. "The idea is to show stores that only carry our footwear that our accessories can also be worked in to create a full presentation at retail."
To give its wholesale volume an extra push, the company has also made all of its sales representatives -- who were formerly independent and contracted through Bally -- employees of the company. This has been done to bring Bally closer to its wholesale accounts, Ming said."Our approach to business is becoming, 'Think local, act global,"' Ming said. "We are bringing out the global part on our product range, but concentrating on the retailers we work with in as close a relationship as possible."
Bally's own retail operation, which comprises 506 stores worldwide, with about 40 in the U.S., is also undergoing major changes. A new store concept, created by French interior designer Andree Putman, was introduced last September in the Bally boutique in Cologne, Germany. Eight to 10 stores in Switzerland, France, the U.S., England and Germany are due to follow this year.
All the remodeled stores will have a classically modern look, with neutral colors, geometrical pieces of furniture and subtle lighting, all designed to put a focus on the product lines. According to Ming, the approach seems to be working so far at the Cologne store, where sales have doubled since it reopened.
"The stores will have a uniform look and will all be identifiable as Bally, no matter where in the world a person is," Ming noted. "It's the same idea as integrating our product lines -- our goal is to build one very strong, worldwide identity."
In the new retail units, accessories will have a slightly more prominent presence than they did before, Ming said. The same will hold true in the in-store boutique concept that will be launched this year, as it will when Bally opens a showroom here at 745 Fifth Avenue at the beginning of February.
The company currently has two showrooms here, one at 444 Madison Avenue for its men's and women's shoes, the other at 320 Fifth Avenue for its men's and women's accessories. The new 10,000-square-foot facility, also designed by Putman, will house everything.
The final step in the process, Ming said, has been developing means to convey to consumers all the changes the company has made. For starters, the Bally logo has been changed from burgundy and gold, which the company felt was too similar to the colors of its leather goods, to gray and beige. The logo, as well as a new advertising campaign bowing along with the new showroom here, were created by the DDB Needham Group advertising agency, which Bally signed on last summer."We want to start people thinking of Bally in ways other than just through our products," Ming noted. "The ads are very image driven, a way of taking the next step in investing in the brand and making it more tangible."
A three-time yearly publication that Bally is calling a "magalog," a combination of magazine and mail-order catalog, is meant to accomplish the same purpose. The publication was launched last summer and will be issued again for the fall and holiday seasons. Each issue contains magazine articles as well as fashion spreads of Bally accessories and shoes, along with pull-out mail order sheets. "It gives us the option to communicate more directly with consumers and find out what they want and what they're interested in seeing more of," Ming said.
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye
“It’s passion that helps get anybody to a certain point and it’s what’s propelled me,” said Kith founder @ronniefieg, one of WWD’s 40 under 40: a group of industry notables who are changing the face of retail, fashion and beauty. Fieg, who opened a Manhattan flagship on October 7, began his career at age 13 as a stock boy and salesman for footwear chain David Z. “I think staying true to [my] beliefs, hard work and passion have gotten me to where [Kith] is today.” See the rest of the 40 at WWD.com. (📷: @vsteves) #wwd40
25-year-old @samweaving is about to break out this fall, starring in Netflix’s horror film “The Babysitter,” fittingly out today on Friday the 13th. That’s not the only place you’ll be seeing her, though — Weaving’s got a role Showtime’s “SMILF” and another alongside Frances McDormand and Woody Harrelson in “Three Billboards Outside Ebbing, Missouri.” Though she’s got a full plate at the moment, there’s one role she’s got her eye on: Marilyn Monroe. “I’m a little too young at the moment, but it’s on my bucket list,” the actress told WWD (📷: @dandoperalski) #wwdeye
BFF's Poppy Jamie and Suki Waterhouse celebrated the launch of their bag line Pop x Suki at Nordstrom last night. "The line is really about our friendship, and how we are so different but complement each other," said Waterhouse. 👯 (📷: Katie Jones) #wwdeye
After designing the new @louisvuitton and @bulgariofficial flagships and a @chanelofficial boutique opening in Japan, @petermarinoarchitect has another project on his plate: The Lobster Club. Located in the Seagram Building, it’s the famed architect’s first restaurant project in New York, serving up modern Japanese brasserie-style cuisine. Bronze hues, bespoke material detailing, blush and chartreuse tones and a heavy emphasis on Picasso can be seen throughout. Mark your calendars for Nov. 1 for the much-anticipated opening. (📷: @clint_spaulding) #wwdeye
Did you know: @carlychaikin of "Mr. Robot" has been painting for about a decade? The actress, who plays Darlene on the show, is a self-taught artist who lists Salvador Dalí and Chuck Close as some of her idols. Chaikin told WWD that painting is a form of meditation for her — A much-needed one given the intensity of "Mr. Robot." See a piece Chaikin is working on at WWD.com (📷: @jilliansollazzo) #wwdeye


text:
New Sephora Campaign Highlights Transgender And Non-Binary People
On Wednesday, our favorite beauty retailer Sephora announced a new campaign highlighting transgender and non-binary people. The announcement, which came via Twitter, was accompanied by a video filled with scenes of people of all genders, races, and ages putting on makeup and generally having a good time. We’re thrilled that Sephora is celebrating transgender and non-binary people (especially during LGBTQ+ Pride Month!). Makeup has always been used by all genders and races since, like forever, but the mainstream beauty, makeup, and skincare communities embracing this idea is long overdue. This diversity is thanks in large part to the internet, where YouTubers and breakout brands like Rihanna‘s Fenty Beauty have been able to reach audiences who are clamoring for more representation. (What do we want? An actual range of foundation shades! When do we want it? Yesterday!)
The campaign is a part of Sephora’s recent push to build a more inclusive and diverse atmosphere in its stores and as part of the chain’s “We Belong to Something Beautiful” campaign. All of Sephora’s locations were shut down yesterday for diversity sensitivity training, which came shortly after R&B star SZA (who has appeared as a model in Fenty ads) tweeted about being followed by security in the store’s Calabasas location. Rihanna, who has never, ever let us down, sent SZA a Fenty gift card after the incident and Sephora reached out to the “20 Something” singer on Twitter.
Lmao Sandy Sephora location 614 Calabasas called security to make sure I wasn’t stealing . We had a long talk. U have a blessed day Sandy
— SZA (@sza) May 1, 2019
People reacted to the announcement on Twitter with a range of responses. Some people were praising the brand for its new initiative, while some shared stories of difficult encounters they have had in Sephora stores, and others had more questions about whether Sephora’s commitment to diversity was going to go beyond an emotional video and a one-day workshop.
Beautifully done, and as a former employee, I’m glad to see the company taking a more inclusive direction.
— evyn (@evynadame) June 5, 2019
Your message is beautiful, the problem is that your employees are not willing to serve certain people. If you are not skinny, white, young, and dressed like you are going to something important, they ignore you. That’s something that cannot be resolve in an hour seminar.
— Tatis (@tats1216) June 5, 2019
how many black trans women are staffed in your company? how much money are you pledging to grassroots queer organizations? are the writers, producers and directors of this campaign queer women or marginalized genders?
— quinn (@quiinnnnnnnnnnn) June 6, 2019
The idea of major brands hopping onto social equality trends without exactly putting their money where their mouth is a hot issue this month, especially as it relates to Pride Month. But hopefully Sephora is *really* thinking about it and we’re entering an era of an inclusive and diverse beauty community — one we want and deserve!


text:
By Fang Yan and Ken Wills
BEIJING, June 14 (Reuters) - Nissan Motor Co, the largest Japanese automaker in China, plans a more than 5 billion yuan ($785 million) plant in northeastern China, a person with knowledge of the plan told Reuters, as it ramps up in the world’s largest auto market.
The plant, in Dalian city, is part of a scheme by Nissan to invest 30 billion yuan in China by the end of 2015, racing against General Motors and other global automakers which are also looking to China for growth as more developed markets stutter.
“Nissan has a more diversified portfolio in China and has put out more offerings than many of its rivals already. It could bring more of the latest models into China and further expand its appeal with this new plant,” said John Zeng, Asia Pacific director of industry consultancy LMC Automotive.
The Dalian facility, jointly-owned by Nissan and its local partner Dongfeng Motor Group Co, will have an initial capacity of 25,000 cars when it begins production in 2014, the source told Reuters. Capacity would be phased up to 120,000 by 2015 and 240,000 by 2017.
“They will be making Nissan’s more upscale SUVs, sedans and MPVs in the new plant. A ground-breaking ceremony has been planned for later this month,” the person said.
Executives at the joint venture could not immediately be reached for comment.
China is already the largest market for Nissan even though it arrived much later than GM and Volkswagen.
Nissan CEO Carlos Ghosn unveiled an ambitious target last July to boost China sales to 2.3 million vehicles in 2015, part of its mid-term business plan to raise the company’s global market share and profit margin to 8 percent in six years.
To reach that growth target, Nissan’s China venture plans to launch about 30 new products during the period, including an electric vehicle under the joint-venture brand name Venucia, said Ghosn.
Nissan sold 1.25 million vehicles in China last year, up 21.9 percent from a year earlier, twice as many as Honda Motor , which saw its sales dip 4.5 percent. Toyota Motor delivered 883,000 cars in China last year, down 4.4 percent.


text:
The popular peach stand across the street from Buchanan High School was robbed Friday afternoon at gunpoint, Clovis police said.
A woman working at the Wawona Peach Tree Fruit Stand, 1265 N. Minnewawa Ave., told police that a man in his 30s wearing a face mask, gray hooded sweatshirt and gray sweat pants came into the small store on the Smittcamp estate about 4:50 p.m. He waved a black Glock handgun and demanded cash.
The woman gave him the cash from the store, said Ty Wood, Clovis police spokesman. She also surrendered her own money, he said.
The man was seen leaving in a white car, possibly a Nissan that was driven by a woman in a baseball cap. The car was seen headed northbound on Minnewawa Avenue.
Clovis police are following up on leads and evidence at the scene, Wood said.
The Peach Tree Fruit Stand started in 1952 when family matriarch Muriel Smittcamp began selling fruit that wasn’t needed for production in what is now the worldwide Wawona Frozen Foods company. The stand has grown in popularity and selection and is now open year-round.


text:
Stallion Group’s Popular Farms Mills Ltd is targeting 1.50 million tonnes in rice production in Nigeria through establishing more rice milling facilities.
Managing Director of the company, Mr Amit Kumar Rai, said more investment in the rice value chains would go a long way in empowering local farmers and improving the economic well-being of the people.
He stated this at the annual supply chain meet by Stallion Group’s Popular Farms Mills Limited held in Kano, a statement by the group stated.
The company’s future objective is to target production of 1.50 million tons of rice in Nigeria through establishing more rice milling facilities and structured farming activities. The focus is to make Nigeria self-sufficient in rice production.”
The annual supply chain meeting by the group has been institutionalized as a formal platform to announce the commencement of the wet harvest of paddy rice and sesame in Nigeria.
Each centre hosted approximately 20 suppliers with the local government authorities flagging off the event. The top suppliers of the region were rewarded for their impressive contributions, especially during the pandemic lock down.
The company awarded Sani Musa Abunaka and Nababa Isha Ibrahim from North Central region, Abdullahi Gurin and Umar Dan Alhaji from North East and Abdullahi Izge and Shehu Bawa from North West regions for their commendable contributions.
Stallion has partnerships with over 1,451 cooperative groups, having direct access to over 71,486 member-farmers and 65,715 hectares of rice farmland to increase rice and sesame production


text:
This article is written in partnership with Arianee (find out more)
Arianee brings YSL Beauté into Web 3
Yves Saint Laurent Beauté, emblematic brand of the L’Oréal group, signs its arrival in Web 3.0 as part of a partnership with the French company Arianee.
Aware of the progress of Web 3.0 and non-fungible tokens (NFTs), the brand wishes to remain faithful to its pioneering spirit and open to new experiences.
With a view to rewarding the commitment of its various communities around the world, Yves Saint Laurent Beauté will deploy a wallet hosted on the Ethereum blockchain (ETH) specially dedicated to Web 3.0 thanks to a collaboration with Arianeea company dedicated to helping large companies in their transition to the Web of tomorrow.
Since June 15subscribers to Yves Saint Laurent Beauté’s Twitter and Instagram accounts can grab their copy of the very first NFT brand with an international aura. A true pledge of loyalty, this NFT will open the door to future brand airdrops, as well as access to many exclusive experiences.
Preview of the “YSL Beauty Golden Block” NFT
Pierre-Nicolas Hurstelthe CEO of Arianee, welcomed this promising partnership:
“We are delighted to allow YSL Beauté to enter Web 3.0 with our end-to-end solution. Whether creating NFTs, distributing them to the brand community, or leveraging them with protected content, the brand makes full use of our platform. »
👉 Discover the entire Web 3.0 universe of Yves Saint Laurent Beauty
Rewards available now
In parallel with the launch of its digital wallet, Yves Saint Laurent is also partnering with the firm of technology experts Wunderman Thomson France in order to be accompanied in its entry through Web 3.0.
Of the June 21stYSL Beauté communities will begin to be rewarded via social tokens as part of a partnership with the decentralized platform P00LS and 2 artists from the music scene, Agatha Mougin and Kittens.
The activation of this event will be accompanied by a donation to ” Forward All ” and ” It’s on US », 2 NGOs based in France and the United States respectively, which work to prevent and fight against domestic violence.
For Virgil Brodziakmanaging director of Wunderman Thompson, everything remains to be done in Web 3.0 and the opportunities are more present than ever :
“Web 3 and the metaverse are still unexplored spaces and we strongly believe that for brands like YSL Beauté, who will take the time to understand and connect deeply with this new culture, the opportunities are endless. We are proud to contribute to this unique project. »
👉 To not miss Arianee news, follow the platform on Twitter
Get a crypto news recap every Sunday 👌 And that’s it.


text:
Friday 15th February 2013
|Text too small?|
Hallenstein Glasson, which runs the clothing chains that make up its name, lifted first-half profit 15 percent with a "robust" sales period in New Zealand.
The Auckland-based company said net profit will be between $10.3 million and $10.5 million in the six months ended Feb. 1, from $9 million a year earlier. That's just ahead of Forsyth Barr's forecast of $10 million for reported profit. Sales rose 6.6 percent to $115.7 million, slowing from the 7 percent pace touted after four months.
"Sales over the critical December-January period have been robust in New Zealand, although in Australia the Glassons brand had encountered a more difficult environment and sales had not met expectations for that period," chief executive Graeme Popplewell said. "Overall margins had improved and stock levels continue to be well controlled."
The chain's Australian businesses started to show improvement in the last financial year, with the Glassons chain across Tasman turning profitable on a 9.7 percent gain in annual sales.
The Hallenstein Glasson guidance comes hot on the heels of jewellery chain Michael Hill International, which increased first-half profit 5.9 percent with gains coming from across the Tasman. A local survey yesterday showed New Zealand consumers are more upbeat than they have been in almost three years.
Hallenstein Glasson will announce its full results on March 27.
The shares gained 0.8 percent to $5.32. The stock is rated an average 'hold' based on five analyst recommendations compiled by Reuters, with a median target price of $4.60.
No comments yet
Hallenstein shares fall as margin squeeze pushes annual earnings near bottom of guidance
Hallenstein annual profit falls 11 percent as Glasson margins come under pressure
While you were sleeping Wall Street, Wal-Mart drop
Hallenstein forecasts up to 12 percent drop in FY profit after slow start to winter
Hallenstein Glasson lifts 1H profit 15 percent, sales lag as weather stays warm
Hallenstein says sales rose 7 percent in first 4 months
Hallenstein says FY profit rose as much as 14% on sales, insurance
Hallenstein Glasson 1H profit rises 27%
Hallenstein Glasson Holdings
Hallenstein Glasson expecting a better first-half


text:
It’s standard now. Google has declared the next main edition of Android, apt to be v7.0, is likely to be named Nougat.
[This Can Be A developing story. Hit refresh for improvements!]
You may even like to check out:
- Google Perform Store APK Obtain Link [Latest Edition Update]


text:
Voyageurs students help needy by stopping landfill-bound goods
In the beginning of the semester, John Babineau, a teacher at Voyageurs Expeditionary High School, asked Coca-Cola Bottling Company of Bemidji if it would donate items to the school for its incentive program.
Coca-Cola agreed and gave Babineau a portion of its damaged goods section, beverages that had damaged packing material or labels, to the school. Then a new idea sparked in Babineau's head.
"I thought, 'Why not take these damaged goods, which were otherwise going to the landfill, and give them to the food shelf?'" he said.
A partnership had formed between Voyageurs and Coca-Cola.
Every two weeks, Babineau and a few students drive to Coca-Cola's distributing warehouse and collect a pickup load of damaged goods, which they transport to the food shelf.
Waylond O'Brien, a 10th-grader at Voyageurs, recalls the look on the faces of workers at the food shelf when they saw the first load of beverages from Coca-Cola.
"They were overwhelmed," he said.
David LaDuke, also a student at Voyageurs, remembers being amazed at how much soda was in the Coca-Cola distributing warehouse. Both students jokingly agreed they had thought about what it would feel like to jump around and swim in the liquid held in the cases and cases of soda.
Babineau said it is important to him that the students understand all the ways they are helping to keep unspoiled goods out of the landfill, but also helping in other ways.
"We save some of the damaged goods for students to purchase at the school," he said. "The money goes towards fundraising for student projects."
In addition, Coca-Cola receives a $1-per-pound tax write-off for donating their goods to the food shelf.
"And it's cool we're helping people," LaDuke added.
On Friday, Babineau and students brought 336 pounds of beverages to the food shelf, where it goes directly to the gleaning shelves for anyone to take. Normally, he said, he transports between 600 and 700 pounds every two weeks.
"They take what has been damaged in stores and bring it over to the food shelf," said Coca-Cola owner Bev Stevens. "It saves me time and money from having to take it to the dump and it's going for a good cause. It's nice that they do that."
Babineau wants to start a similar project with Pepsi, but so far has been unable to attain donations of its damaged goods.


text:
The battery market is set to break half a trillion dollars by 2035. These are the top 6 industries that will fuel that eye-popping growth.
The rise of electric cars and residential solar will cause the $59 billion battery industry to grow by more than 900% in the next 15 years.
Business Insider is seeking nominations for the 'Rising Stars of Clean Energy,' a new project that will showcase up-and-comers who are transforming the massive industry
Enter nominations for Business Insider's list of the Rising Stars of Clean Energy no later than March 6.
Power Line: The billion-dollar battery race, top wind companies, and seeking nominations for the rising stars of clean energy
This week in Power Line, we dive into a billion-dollar race to develop breakthrough batteries and open nominations for the rising stars of energy.
Inside the $1 billion race to develop breakthrough batteries that could store up to 40% more energy and revolutionize our phones, cars, and planes
Startups have raised more than $1 billion to develop silicon-anode batteries, which store much more energy than traditional lithium-ion cells.
The surging stock price of Elon Musk's electric-car startup bodes well for Hochschild Mining's rare-earth business.
A startup backed by iPod designer Tony Fadell just emerged from stealth with $18.5 million to bring breakthrough batteries to market in massive quantities
Advano has a new technology that could allow batteries to store up to 40% more energy. That could lead to long-lasting phones or better electric cars.
This week in Power Line we peer inside two little-known industries and look back at the biggest deals in batteries and renewable energy in 2019.
VCs poured $1.7 billion into batteries in 2019. Here are the 9 startups that scored the biggest deals.
Venture-capital investment in battery storage doubled in 2019. Here are the startups that came out on top.
Power Line: Investors bet on plasma hotter than the sun, and long-lasting batteries brought to you by Bill Gates
This week in Power Line we cover a big deal in fusion, the shortcomings of lithium-ion batteries, a buzzy battery startup, and the latest deals
A startup run by a Tesla veteran and backed by Bill Gates is promising to build a long-duration battery that's 50 to 100 times cheaper than lithium-ion
The CEO of Form Energy says he's chasing a "trillion-dollar" market to replace dirty power plants with big batteries that last for hours.
Tom Blum, a top clean energy investor, has simple advice when it comes to investing in batteries: "Run away."
Buying rechargeable batteries and a charger saves money and helps the environment. These are the best rechargeable battery chargers you can buy.
The Coast Guard is warning about 'unsupervised charging' of electronic devices after California boat fire that killed 34 people
The US Coast Guard has issued a safety bulletin after a Labor Day fire on a California dive boat that killed 34 people.
A startup is working on a new lithium battery that they say could charge your phone or electric car in just 6 minutes
A team from Cambridge University is working on improving ordinary lithium-ion batteries by adding a new chemical mixture.
Tesla's relationship with Panasonic, which supplies some of its batteries in the US, has become strained in recent months.
Samsung may release a smartphone with new battery technology that can fully charge less than 30 minutes
Samsung announced in 2017 that it's developing new graphene battery technology, and it's now rumored to arrive by 2020.
Thinking of upgrading your smartphone right now? Just hold on for a little bit longer — it'll be worth it.
One of the most innovative companies out of China just introduced new tech that can fully charge a smartphone in just over 10 minutes
You may not have heard of Vivo, but it's one of the most interesting companies out of China that's innovating even more than Apple or Samsung.
A teenager's jaw shattered after a vape pen exploded in his mouth, once again raising concerns about e-cigarettes
A 17-year-old boy had to have his jaw wired shut after a vape pen exploded in his mouth last year, once again raising safety concerns about e-cigs.
Amazon's private brands lag behind the competition on the retailer's own website, except for 2 unexpected products
Amazon's private-label brands are small fish compared to those of their competitors, but its in-house batteries are a different story.


text:
Team takes 'Step' toward AIDS awareness
Event aims to educate, raise funds for HIV groups
by Jessica Carreras
Originally printed 5/6/2010 (Issue 1818 - Between The Lines News)
When it comes to raising money or awareness around HIV/AIDS causes, sometimes it takes a little help to make the first step.
The AmeriCorps National AIDS Fund Team Detroit is looking to help the local community donate and become aware of HIV issues with their May 22 event One Step..., a fashion show and afterglow party that will feature local designers, taking place at Detroit's Northwest Activities Center.
Sarah Detloff, who has spent the past year working with the local AmeriCorps team, says the group decided on their long-term project - the fashion show - with the goal of educating a new audience that may not otherwise be aware of the impact HIV/AIDS still has on their local and global community.
"We tried to find something that was going to be fun and entertaining and would bring people together, and that's where the fashion idea came from," she shares, adding that "We're hoping attendees come away with a better understanding that ... no one is unaffected by HIV/AIDS."
AmeriCorps, a federal government program created under President Bill Clinton, has enlisted over 250,000 individuals since it's inception in 1993 to engage in causes as wide-ranging as education, environmental issues and public health. Over the past year, a team of volunteers - including Detloff - has worked for the Michigan AIDS Coalition, a service site affiliated with the National AIDS Fund.
The One Step... fashion show is the Detroit team's final event, culminating their year of service.
Over the past few months, they set out to garner support from local and national designers, as well as audition model hopefuls wishing to be a part of the show. "We started contacting basically everyone we knew," Detloff says. "We looked for local designers because we really wanted the show to be representative of Detroit and to have some diversity - somewhat like the community we serve."
The result is truly a southeast Michigan-centric celebration. On the final list of clothing providers are Femilia Organic Couture, American Apparel, Delia's, Lost n Found Vintage, Wound Menswear and more. MC Coco of WJLB 98 FM will serve as the host, and models will represent a variety of ages, races and sizes - a point Detloff was proud to point out.
"This is not your typical fashion show," she advises. "It's not models who look identical to each other. Our models are people in the community - they're not professional models - and they look just like you."
Only they'll be decked out in the trendiest local duds.
Luckily, attendees will have their chance to chat with some of the designers and learn how they can grab their own garb at the afterglow party, which will feature a live DJ, appetizers and dancing.
But more central to the event than fashion will be the prevention messages featured throughout the evening, encouraging attendees to learn about HIV transmission and infection, donate their time and money to AIDS organizations and, of course, to get tested. The latter effort will encourage a visit to the free, anonymous HIV testing on-site at One Step..., something Detloff hopes many visitors will participate in to show that HIV isn't something to hide and forget about.
"We hope we will open people's eyes to a side of HIV/AIDS that they don't know about or have forgotten about," she says. "We hope to really put forth that HIV/AIDS affects everyone and that it's not the stereotype that people think of when they think of HIV."
One Step... Fashion Show
6:30 p.m. May 22
Paul Robeson Theatre, Northwest Activities Center
18100 Meyers Road, Detroit
$10 in advance, $12 at the door
- AIDS/HIV Organizations
- Kalamazoo County Health & Community Services
- People's Food Co-op and Bakery
- Computer Services
- Concise Computer Consulting Inc.
- Florists/Floral Design
- D.J. Murray Plumbing
- Sizemore Selectives
- Real Estate/Agent
- Keller Williiams Real Estate
- The LindaLom Team at Trillium Real Estate
- Religious & Spiritual
- Central United Methodist Church
- Fisher Theatre
Enter contests to win great prizes like CDs, DVDs, concert tickets and more
- Anti-Gay Company Has Lapsed Michigan Mechanic's License
- Q&A: Reba Talks 'Very Important' LGBT Rights, Her First Gay Wedding & Feeling 'Sad' For Closeted Country Stars
- Q&A: Scott Eastwood Endorses Father's Gay Marriage Mantra, Talks Sex Scenes ('I Was Turned On') & Mel Gibson's Advice
- Is GoFundMe The New Welfare For Anti-Gay Corporations?
- Josh Groban Q&A: His Queer Bear Fans, Failing The Ryan Gosling 'Gay Test' & Why He Worships RuPaul
Sign up to receive our weekly newsletters today!
A study published in the journal The Lancet HIV reports that there is a significant disparity in HIV prevalence between black and white men who have sex with men. The study was published on Nov. 18 and found a startling 32 percent prevalence rate for black men who have sex with men, compared with only eight percent for white men who have sex with men.View More World AIDS Day
This Week's Issue
Download or view this week's print issue today!
Sign up to receive our weekly newsletters today!


text:
the charity plans to distribute over 60,000 bouquets across the UK embracing ‘The Lonely Bouquet’ concept on a scale never seen before.
BRIGHTENING UP THE UK
ONE BOUQUET AT A TIME
CHARITY TO DISTRIBUTE 60,000 ‘LONELY BOUQUETS’ ON NATIONAL FLOWER ARRANGING DAY
There’s no better way to say it than with flowers. Which is exactly why NAFAS (The National Association of Flower Arrangement Societies) is using beautiful little bunches to spread some love around the UK on National Flower Arranging Day (Friday 2nd May 2014).
In celebration of their Emerald Anniversary, the charity plans to distribute over 60,000 bouquets across the UK embracing ‘The Lonely Bouquet’ concept on a scale never seen before.
NAFAS Honorary Patron, TV’s Nicki Chapman who is one of the BBC’s RHS Chelsea Flower Show presenters, will front the campaign.
This spring, 61,000 NAFAS members will distribute mystery bunches of blooms across the UK. Flowers will be placed every-where, from park benches and shop doorsteps, to well-known landmarks and surprise locations. NAFAS hope that these small posies will find a home and brighten somebody’s day.
The random act of kindness initiative dubbed the ‘Lonely Bouquet’ was the brainchild of a young florist in Belgium named Emily Avenso, who blogged about the idea after leaving flowers for strangers two years ago. The idea went viral and ‘Lonely Bouquets’ have been distributed across the globe ever since. This year NAFAS is taking the concept one step further with the help of its members.
Sue Brinton Chairwoman of NAFAS, commented, “The concept is simple. We are asking all our members to make a bouquet, attach a tag asking, ‘Take me home and adopt me’, and leave the Lonely Bouquet in a spot where a lucky stranger will find it and give it a new home. With over 60,000 members we hope we will be able to communicate our love of flowers on a national level by becoming part of this great, heart-warming movement”
Nicki Chapman added: “The ‘Lonely Bouquet’ is a lovely idea which is fast gathering momentum around the globe. It’s a simple idea really with no ulterior motive other than to brighten somebody’s day and to spread the joy of flowers and floral design.”
NAFAS also hopes that by promoting the ‘Lonely Bouquet’ concept, it can in turn promote the flower industry itself and attract new members to join NAFAS clubs.
Nicki Chapman added; “With Kirstie Allsopp flying the flag for homemade crafts, Mary Berry teaching us how to bake and customised clothing becoming all the rage thanks to Claudia Winkleman’s Sewing Bee, now is the time to bring another great British tradition into the spotlight.
Floral design is a true art form and we hope that this huge initiative can help spread our passion across the UK. Keep your eyes peeled in case you spot a posy - it just might be the good home those flowers are looking for is your own!”
NAFAS will scatter 61,000 Lonely Bouquets across the UK from the beginning of May. The bouquet’s new owners are encouraged to post a message back to NAFAS, to let them know it found a good home.
For further media information please contact Margaret Murray on 0121 262 3890 or email: firstname.lastname@example.org
NOTES TO EDITORS
The National Association of Flower Arrangement Societies was formed in 1959 and gained charitable status in 1984 in recognition of our educational aims. With approximately 1,200 Clubs and 61,000 members throughout the United Kingdom, NAFAS is in a unique position to encourage the art of flower arranging through the medium of plant material, upholding the principles of conservation and preservation of rare and endangered plants and flowers.
NAFAS is proud to celebrate its Emerald Anniversary this year. Over the years members have been involved in exhibitions, flower festivals, Chelsea Flower Show, RHS London Shows and many others. We also have National Shows packed full of competitive work and the opportunity to see presentations by leading Floral Art Demonstrators and Speakers. NAFAS was a founder member of the World Association of Flower Arrangers and a World Show is staged every three years in a different country, where visitors enjoy a shared experience through flowers.
This press release was distributed by ResponseSource Press Release Wire on behalf of FMG in the following categories: Entertainment & Arts, Leisure & Hobbies, Home & Garden, Women's Interest & Beauty, Environment & Nature, for more information visit https://pressreleasewire.responsesource.com/about.


text:
In its next release, Android plans to up its privacy game. But the operating system still caters to ad trackers at its users’ expense.
The newest release of Android, dubbed “Q,” is currently in late-stage beta testing and slated for a full release this summer. After a year defined by new privacy protections around the world and major privacy failures by Big Tech, this year, Google is trying to convince users that it is serious about “protecting their information.” The word “privacy” was mentioned 22 times during the 2019 Google I/O keynote. Keeping up that trend, Google has made—and marketed—a number of privacy-positive changes to Android for version Q.
Many of the changes in Q are significant improvements for user privacy, from giving users more granular control over location data to randomizing MAC addresses when connecting to WiFi networks by default. However, in at least one area, Q’s improvements are undermined by Android’s continued support of a feature that allows third-party advertisers, including Google itself, to track users across apps. Furthermore, Android still doesn’t let users control their apps’ access to the Internet, a basic permission that would address a wide range of privacy concerns.
One ID to rule them all
Q places new restrictions on non-resettable device identifiers like IMEI number and serial number. Apps will need to request a new “Read privileged phone state” permission to access them. These changes are good: they will help prevent apps from tracking users based on information they can’t modify or reset, and they obey the principle of least privilege: apps that don’t absolutely need access to potentially sensitive information shouldn’t have it. Unfortunately, Android Q will still allow unrestricted access to its own, custom-made tracking identifier.
Android generates and exposes a unique device identifier, called an “advertising ID,” that allows tracking advertisers to link your behavior across different apps. The ad ID can be thought of as a tracking cookie, visible by default to every app on your device, that can’t be restricted or deleted (though it can be reset). As of the latest release, Google encourages ad trackers to eschew other device identifiers, like IMEI, in favor of the ad ID. Facebook and other targeting companies allow businesses to upload lists of ad IDs that they have collected in order to target those users on other platforms.
Android includes an “opt out of ad personalization” checkbox, buried deep in the settings, that allows users to indicate that they don’t want to be tracked by their ad ID. Checking it should delete the ID entirely, or at least restrict apps’ access to it, right? Wrong. Instead, the checkbox doesn’t affect the ad ID in any way. It only encodes the user’s “preference”, so that when an app asks Android whether a user wants to be tracked, the operating system can reply “no, actually they don’t.” Google’s terms tell developers to respect this setting, but Android provides no technical safeguards to enforce this policy.
You can view your advertising ID on Android by heading to Settings > Google > Ads, and you can reset it by tapping Reset advertising ID. This will cause your phone to generate a new, unique ad ID that is unrelated to the old one. While it’s nice that Google gives you some control over your ad ID, neither a preference flag nor a simple “reset” will actually prevent anyone from tracking you. Apps on your device can access more than enough information to allow them to link your old ID to your new one if they so choose. Once again, Google politely instructs trackers “respect the user's intention in resetting the advertising ID,” but does not indicate how this is enforced.
Apple’s iOS has a nearly identical “Identifier for Advertisers (IDFA),” which is also available to developers without any special permissions. Like Google, Apple’s decision to make allow this kind of tracking by default conflicts with its privacy-focused marketing campaign. Unlike Google, Apple does give users the ability to turn off tracking completely by setting the IDFA to a string of zeros.
On Android, there is no way for the user to control which apps can access the ID, and no way to turn it off. While we support Google taking steps to protect other hardware identifiers from unnecessary access, its continued support of the advertising ID—a “feature” designed solely to support tracking—undercuts the company’s public commitment to privacy.
Internet access: the permission that isn’t
The advertising ID should not be enabled by default, and users should have a way to turn it off for good. But apps can’t collect your advertising ID, or any other kind of personal information, without access to the Internet. Much of the most egregious tracking in the Play Store is performed by apps that have no business on the Internet at all, like single-player games, stopwatches, and “flashlights.”
This should be simple. If an app doesn’t need access to the Internet, it shouldn’t have it. And users should be able to decide which apps can and can’t share data over the network. But neither iOS nor Android has an “Internet” permission that users can grant or revoke. Every developer of every app has access to as much data as it can gather whenever the device is online. It’s time for Google to fix it already.


text:
THE stars are out to help Hurricane Sandy victims with Justin Timberlake, Jessica Biel and Rihanna lending a hand.
Us Weekly reports that Timberlake and Biel visited Rockaway in Queens with music producer Timbaland to pass out food and supplies.
It has been two weeks since the superstorm hit the US east coast and there are still thousands of people without food and shelter.
Timberlake and Biel were married on October 19 and then honeymooned in Africa.
Meanwhile, Rihanna took up a collection at Jay-Z’s 40/40 club in Chelsea for those in Rockaway.
Included were cleaning supplies, paper goods, clothes and other items which were augmented by more than 1000 blankets donated by Modell’s Sporting Goods.
Originally published as Timberlake, Biel help Sandy victims


text:
Toggle Main Menu
Latest Car Reviews
Hybrid Car Reviews
Electric Car Reviews
Find My New Car
New Car News
The latest new car news across the UK and the world. Our latest car news includes new car releases, industry news, the latest in car technology and more.
Further details confirmed for 2021 Volkswagen ID.4 electric SUV
2020 Mazda MX-30 confirmed with under £30,000 price tag
2020 Alfa Romeo Giulia GTA revealed as 533bhp performance powerhouse
The star cars that would have been unveiled at Geneva motor show
Dacia previews new affordable EV with Spring Electric Concept
2020 Skoda Octavia vRS unveiled as sporty plug-in hybrid
BMW unveils Concept i4 previewing new electric saloon
BMW i: what’s coming from the electric car division?
2020 Cupra Formentor revealed
Supermarket EV charging points have doubled in two years
Join the newsletter
Get the latest news, reviews and guides every week. Update your preferences at any time.
Your email address
Sign me up


text:
13 October 2016
Reduce your energy bill with an intelligent lighting system: During the CeMAT AUSTRALIA 2016 Exhibition, Vivid Industrial’s Head of Business Development, Samuel Redmond presented about the future of intelligent lighting systems and how they can save businesses costs in energy consumption and maintenance.
30 March 2016
Innovation at the Heart of the Intralogistics & Materials Handling Industry, however, innovation truly is the heart of the materials handling and intralogistics industry and will be vital, along with exceptional customer service, to ensuring the industry continues to thrive long into the future. Read the full article on Vivid Industrial’s Technology.


text:
A roundup of who's been hired, fired or maybe just jumped ship in media land over the past few weeks.
The fashion industry needs to pay more attention to working-class Black women, according to Harbison.
The TikTok account has garnered 1.3 million followers and is launching a range of merch.
McKimm talks to WWD about i-D's September cover star Billie Eilish, his career in fashion and working with…
This spring the library will open a location in Europe to welcome visitors.
Media's interest in SPACs only really took off in 2020 as the pandemic hit the sector hard.
She takes the helm from Michelle Lee, who has joined Netflix.
In recent years, a number of media brands have been tapping into the beauty market.
Oliver chats with WWD about her career and her plans for Refinery29.
The oversize totes will be available on Kule.com, as well as Air Mail's e-commerce site Air Supply and will…
Edition will consist of a mix of print, digital, social and experiential activations.
The event Dec. 2 to 4 will celebrate the city's diversity and its creative communities through a series of…
Lee has been editor in chief at the Condé Nast-owned brand since 2015.
The magazine's top editor since 2019 on his career, running New York Magazine and its verticals, and his side…


text:
Law firm Addleshaw Goddard has advised the shareholders of leading UK-based mobile mapping company GeoSLAM on its sale to FARO Technologies.
The combined business is a leading player in the burgeoning digital reality capture market, providing solutions which allow customers to digitize their worlds and use the data to make informed decisions.
Nottingham headquartered GeoSLAM, founded in 2012, has built its business around making simultaneous localisation and mapping (SLAM) scanning more accurate, quicker, and easier to use even in difficult environments.
FARO, a US-based global leader in 4D digital reality solutions, said the deal will expand and accelerate its growth in the mobile scanning space, giving it a broad set of reality capture solutions that include a 360-degree camera, mobile and stationary scanning capabilities, and high-accuracy laser scanning tools.
The AG team advising on the deal was led by Richard Hunt and Ed Ainscoe, supported by Cameron Allwood, Shannon Hardcastle, Rachel Faulconbridge and Guan Loh.
Ed Ainscoe said: "This deal is a great example of the strength and attractiveness of UK tech businesses and, more broadly, those in the digital sector. It was a pleasure to work with Graham and Nicole Hunter and the team at GeoSLAM on this transaction, and by joining forces with a global player such as FARO the business can take the next step in its impressive growth journey."


text:
Luxurious model Burberry stated on Wednesday, it could reduce about 500 jobs globally, together with 150 British-based workplace roles, because it forecast no fast restoration in demand, notably from high-spending vacationers.
The corporate introduced the layoffs alongside a 45% drop in first-quarter like-for-like gross sales, reflecting retailer closures following lockdowns in Europe and America and a dearth of long-haul vacationers.
Chief Government Marco Gobbetti stated it could take time for demand to return to pre-crisis ranges. However, he was “inspired by the sales” revival in gross sales in the direction of the top of June.
Shares in Burberry, which is attracting youthful clients in China and different Asian markets with new ranges from designer Riccardo Tisci, had been buying and selling down 6% at 1,463 pence.
Citi analysts stated gross like-for-like sales had been higher than the -49% the market anticipated. However, the outlook for the second quarter of total like-for-like sales down 15-20%, a 200-300 level fall in gross margin for the first half, and a mid-teens share drop in working prices would put stress on forecasts.
They stated they anticipated consensus full-year working revenue forecasts to come back down by a minimum of 10-15%.
Chief Monetary Officer Julie Brown stated the gross sales decline had eased throughout the quarter as the extent of closures decreased to 15% from 60%, led by mainland China, the place buying and selling in June was at pre-COVID ranges.
She stated the job losses wouldn’t have an effect on employees in its British shops or its manufacturing websites in Yorkshire, the place the manufacturing of its well-known trench coats had restarted.
The job cuts, which have an effect on about 5% of its world complete, would lead to annualized financial savings of 55 million kilos at a one-off value of 45 million kilos.
Burberry reported a retail income of 257 million kilos, down 48%, within the quarter.


text:
Whatever goodwill Microsoft has earned in recent years by playing nice is rapidly evaporating, thanks to a particularly aggressive update.
Multiple users around the internet are reporting that Microsoft is forcing the latest Windows 10 upgrade on them. The upgrade appears to run, install and restart the computer automatically, often while people are actively using the machine.
To make matters worse, once the computer reboots, Microsoft’s Edge web browser automatically starts. The accompanying dialog boxes try to convince the user to switch to Edge, and don’t provide a clear way of saying no. The update also pins Edge to both the taskbar and desktop, and still verifies if the user wants to continue using their previous default browser the next time they launch a website.
Sean Hollister at The Verge sums it up best:
“If I told you that my entire computer screen just got taken over by a new app that I’d never installed or asked for — it just magically appeared on my desktop, my taskbar, and preempted my next website launch — you’d probably tell me to run a virus scanner and stay away from shady websites, no?
“But the insanely intrusive app I’m talking about isn’t a piece of ransomware. It’s Microsoft’s new Chromium Edge browser, which the company is now force-feeding users via an automatic update to Windows.”
For a company that once had one of the worst reputations in the industry for these kind of strong-arm tactics, it’s disappointing to see it returning to this kind of behavior.


text:
To rebut a wall street journal article that declared Verizon Wireless and Microsoft were on an iPhone rival, Microsoft spokesman John Starkweather said “Microsoft is not building a Zune-specific phone. We’re deepening our relationships with our hardware partners”, as reported by PC Mag.
The last sentence of that money quote does make sense. After all, if you’ve spent years licensing—and earning—off manufacturers who want to use your mobile platform, you don’t kill that kind of Golden Goose. This remains true even if your mobile platform has steadily lost market share and presence to Apple’s offerings, and even a yet-to-be-released smartphone from Palm.
What makes more sense are rumors of Zune functionality integrated with Windows Mobile 7, due for release in 2010. Which of course, is another way of saying “we’ll improve Windows Mobile’s media player.” If ever Microsoft was just pulling our leg, and a Microsoft-phone is actually under development, I don’t think it will be this bad:


text:
Rockwall Market Center sold to Dallas-based Dunhill Partners
Dunhill Partners, purchases the 211,971 square foot Rockwall Market Center in Dallas suburb, Rockwall, Texas.
DALLAS, August 15th, 2023 – Dunhill Partners, Inc. announced today that it has closed the sale of the 211,971 square-foot regional shopping center, Rockwall Market Center, situated on 21.42 acres located on the highly desirable I-30 corridor, in Rockwall, Texas. JLL marketed the property and assisted in the sale to Dunhill Partners.
The 100 percent leased Rockwall Market Center, located at 2668 -2885 Market Center Drive, is majority leased to national credit tenants including Burkes, Michaels, Office Depot, Old Navy, Petco & Ross Stores. The regional shopping center was built in 1999 and has enjoyed an average tenant tenure of 18 years.
Dunhill’s Chairman and CEO, Bill Hutchinson, who led the acquisition team, said “Rockwall Market Center, is an exceptional property with high quality tenants, extremely high visibility along the I-30 corridor, and significant barriers for new development. Hutchinson adds, “There’s a reason why tenants establish deep roots in our center. They’ve benefited from the consistently high growth of the Rockwall market over the last decade, which gives us high confidence in the stability and future expansion of this market.”
Rockwall Market Center is the fourth acquisition Dunhill has underwritten since Hutchinson resumed his role as CEO last year. The firm is actively pursuing other high quality retail shopping center acquisitions they plan to announce in the coming months.
About Dunhill Partners
Dunhill Partners is one of the largest privately held commercial real estate investment companies in the U.S. consummating over $5 billion in acquisitions, including the acclaimed Dallas Design District which sold in 2022.


text:
How Social Video is Poised to Become Even More Powerful in 2017
“What is surprising after all these years, however, is the true staying power that social video has.”
Join us for #SMWONE May 5 - 28, 2020 and hear from 300+ speakers across 150 sessions.
The fact that video as a medium is a powerful marketing tool isn’t exactly the world’s best-kept secret. As reported on by HubSpot, it’s already something that 87% of online video content marketers use on a regular basis. It’s something that 22% of all small businesses in the United States plan on implementing within the next 12 months.
It increases everything from user interaction to engagement and it can also have a positive impact on the other elements in your campaign, too. According to a recent study, even just including a video on a landing page can increase your overall conversion rates by an incredible 80%.
None of this surprising. What IS surprising, however, is that video is still in its nascent stages. It’s continuing to grow and evolve as a communications tool and is poised to become even more powerful and effective than it already is over the course of the next year. How, you ask?
It’s time for you to learn a little bit more about social video.
What is Social Video?
Social video is simply video content that is designed to be seen and shared through social networks. It allows you to combine the might of video marketing and social media marketing into a single concept, essentially, boiling each down into their essentials and using them to forge something completely new.
Part of the reason why this is so effective is because it solves a lot of different problems all at the same time. Why do so many people skip video ads on their computers? Because they’re essentially TV ads crammed onto a desktop or laptop screen. People use computers with a different mindset than the one that they have when they watch their favorite movie or TV show. It’s a totally different experience. Social video lets you use that experience to your advantage.
Social video is also effective precisely because it can be optimized for different channels. With the right design, you can re-edit a video designed for Facebook to work more effectively on Instagram – or vice versa – taking the unique user bases of your desired networks into consideration.
“What works on Facebook might not work on, say, Twitter” said Oleg Calugher of Temok. “Everyone is looking for something a little different on social media and now, it’s possible to cater to ALL of them at the same time.”
It’s malleable. It’s engaging. It’s creative. It’s the hottest marketing trend of 2017, by far.
Social Video: Breaking It Down
Social video as a concept is one of the most important for you to pay attention to over the next year for several reasons. For starters, more social networks are in the process of deploying their own native video platforms – Snapchat, Facebook, Instagram and Twitter are all on board.
This demonstrates its value. The social networks know this is what the users want, so they’re giving it to them across the board. Because social networking users tend to skew young, social video is also an incredible way to reach the mission-critical 18 to 33 demographic.
“Social video is great because it lets us take our message and present it to the user in terms they actually want,” said Calugher.”People actually want to learn about products and services – they just don’t want to do it in an old school model. Social video is that new school model we’ve been waiting for.”
By the numbers, however, social video is officially “king” at this point. Studies prove, 74 percent of ALL internet traffic in the next year is expected to be from video, most of it social. Facebook alone currently has 8 billion daily video views around the world, breaking down to about 100 million hours. Even Periscope users watch about 40 years’ worth of video EVERY DAY.
With stats like these, is this something you think your team can afford to ignore?
As not just a marketing channel but a true communications tool and art form, you probably already knew video was powerful. It wasn’t exactly a secret, particularly as the social media phenomenon took off over the course of the last decade.
What is surprising after all these years, however, is the true staying power that social video has. Other marketing techniques have come and gone, but video seems more than worthy of standing the test of time through versatility and innovation alone.
As smartphones become more advanced, video technology itself evolves to support things like augmented reality and 4K resolutions, social video’s grip on an entire industry certainly doesn’t seem to be loosening anytime soon.
Learn the latest trends, insights and best practices from the brightest minds in media and technology. Sign up for SMW Insider to watch full-length sessions from official Social Media Week conferences live and on-demand.
Write for Us
Interested in sharing your ideas and insights with the world? Become a SMW News contributor and reach 300k readers each month.


text:
Alibaba IPO expected to price Sept. 18: Fidelity
BOSTON (Reuters) - The blockbuster initial public offering of Alibaba Group Holding Ltd IPO-BABA.N is expected to price on Sept. 18th, Fidelity Investments has told brokerage clients.
Boston-based Fidelity, best known for its stable of mutual funds and brokerage, listed the expected pricing date on its website.
(Reporting By Tim McLaughlin)
© Thomson Reuters 2017 All rights reserved.


text:
Sesame Workshop has promoted Ed Wells from SVP to EVP and head of global media and education in a bid to drive growth and consolidate its international business with new media and education initiatives.
Wells started in the new role yesterday and reports to Steve Youngwood, who previously managed Sesame’s global media and education business before his promotion to CEO in October.
As part of the consolidation, Wells will use his experience in managing international content distribution and setting up offices in Europe and China to better distribute the company’s educational content both locally and abroad.
Under his new remit, Wells is charged with developing and implementing Sesame’s media and education business globally, as well as continuing to manage growth in new territories. To that end, he will consolidate the company’s domestic and international business, according to a statement from Sesame Workshop. Wells is also planning to take the lead on new educational content, including development projects such as Mecha Builders for HBO Max.
Wells joined the Workshop in 2017 and was initially tasked with managing partnerships for consumer products, content production and distribution, learning resources and themed entertainment. He also developed international community outreach programs featuring Sesame Street characters.
Before that, he served as EVP and head of international for WWE, where he managed its global operations and launched direct-to-consumer subscription service WWE Network. He also did a stint as VP and GM of Nickelodeon Japan, where he built up the brand in the region and oversaw marketing, consumer products and its pay-TV network.
Sesame Workshop has been on a hiring and promotion spree over the past year, bringing aboard Stefan Kastenmüller as its first GM for Europe and Alvin Fu as VP and GM of Greater China. It also moved into new content, including podcasts, meditation and mindfulness, and an accessible toy with kidtech company Skoog.


text:
It outlines the skills and knowledge a person should possess and be able to demonstrate in the area of IAQ practice
June 23, 2015
The American Industrial Hygiene Association® (AIHA) announced its partnership with the Indoor Air Quality Association (IAQA) to produce the first-ever Indoor Air Quality (IAQ) Practitioners Body of Knowledge (BoK).
Most of the time, it will be possible to come up with a solution to an IAQ problem, and contractors should take that opportunity to educate consumers on the health and comfort benefits of IAQ products.
Survey Shows Americans Need to be More Indoor Air Aware
April 1, 2015
A survey commissioned by the Filtrete brand of 3M shows that while indoor air pollutants are ranked among the top five environmental risks to public health, parents are not always aware of the steps they can take to make the air inside their homes cleaner for their families.
From energy recovery ventilators (ERVs) to filters and compressor technology, these manufacturers are pulling out the stops to meet consumer demand for better IAQ at home, work, school, and everywhere in between.
At this year’s AHR Expo in Chicago, manufacturers displayed and demonstrated some of the many new products they have developed to help both the contractor and the end user achieve the best possible IAQ.
UL White Paper Predicts Disruption in the Building Market over the Next Five to 10 Years
January 28, 2015
UL has conducted a study to learn where value and return on investment lie in the area of sustainable buildings. The study and its result is available in a free white paper titled “The Dawn of the Building Performance Era” written by UL’s chief economist, Erin Grossi.


text:
Floodwaters inundate parts of Thailand in 2011, knocking out factories supplying automakers like Honda and Ford. A rash of suicides at Foxconn, the Chinese electronics assembly company notorious for long hours, low pay and disregard for worker safety, tarnishes the reputation of one of the world’s most admired companies, Apple.
In the modern economy, supply chains stretch across the globe, creating both efficiencies and risks. Severe weather spurred by climate change, human rights abuses, worker health and safety, or environmental degradation – any of these can trigger disruption and financial losses for corporations and their investors. A supply chain is only as strong as its weakest link.
In this environment, companies must shift from mere “supply chain management” to corporate supply chain improvements. But the data show there is still a long way to go.
Ceres and Sustainalytics recently analyzed 600 major U.S. companies as part of the Road to 2020 report on corporate sustainability. While 43 percent of the firms surveyed have supplier codes of conduct, only 25 percent perform even minimal monitoring to determine if suppliers are abiding by those codes, and only 10 percent have codes that reference International Labor Organization conventions.
In the 21st century global economy, we can – and should – do better. Some companies already are trying.
Levi Strauss & Co. was one of the first companies to adopt a supplier code of conduct more than 20 years ago. Last month, after a Ceres-led dialogue with labor and human rights groups, NGOs, suppliers and other companies, Levi Strauss released a new blueprint for supply chain engagement that promises deeper efforts to improve the lives and well-being of its supply chain workers, and challenges and inspires other companies to do the same.
The blueprint, Improving Worker’s Well-Being: A New Approach to Supply Chain Engagement, signals a shift away from a one-dimensional, compliance-driven model in which companies periodically police supplier factories to see if they are complying with minimal standards. Instead, this new effort involves workers, suppliers and companies as active partners in efforts to improve child and maternal health, promote gender equality and empower women, combat disease, strengthen local communities and protect the environment wherever they do business.
It’s a profoundly ambitious goal, and its large-scale success requires the commitment of a large cohort of major companies, NGOs, suppliers, workers and local governments. For Levi Strauss, that road to success begins with listening to workers to identify their needs and aspirations at five pilot locations, in Bangladesh, Cambodia, Egypt, Haiti and Pakistan.
“We believe a focus on worker well-being will not only benefit individual workers and their families, but strengthen the factories in which they work; improving efficiency and productivity, and ultimately Levi Strauss & Co.’s bottom line,” chief supply chain officer David Love wrote in the blueprint. “It will create the enabling environment for business success.”
In today’s highly integrated global economy, no company can afford a “hear-no-evil, see-no-evil” approach to problems in its supply chain. Levi Strauss should be applauded for its approaching corporate sustainability with its eyes wide open. Other firms now must join them at the vanguard.


text:
A financial malware strain has been found targeting payment systems behind transit systems and kiosks sucking up all manner of junk data, researchers say.
The malware dubbed d4re|dev1l (dare devil) has been found in kiosks at Italy's regional transport company Azienda Regionale Sarda Trasporti, as well as at undisclosed companies – including at least one Australian business running an enterprise point-of-sale terminal.
Payment platforms from QuickBooks, OSIPOS and Gemini were among "many others" affected, IntelCrawler researches said in a post.
"IntelCrawler believes that such kind of devices will become the new target for cyber criminals," researchers said.
"These kiosks and ticket machines don't usually house large daily lots of money like ATMs, but many have insecure methods of remote administration allowing for infectious payloads and the exfiltration of payment data in an ongoing and undetected scheme."
One such unnamed infected kiosk was found insecure after staff breached company protocol and played games and browsed the web on the machine.
Another women's clothing shop based in a US airport has had its QuickBooks payment platform breached (The Register has tipped off the affected business) gaining credit card and username and password data.
Much of the data was junk and hoovered up by what appeared to be eager fraudsters keen on maximising profit from stolen cards and credentials.
Dare Devil was capable of deploying "advanced" backdoors, RAM scraping and keylogging.
"As this POS malware market is evolving, new security measures are needed to combat the seemingly continuous strains being developed by the underground," the researchers said.
They recommended businesses minimise software available to operators on payment devices and kiosks, enforce access control lists and push administrative functions over VPN. ®


text:
Meet the Co-Bots: How Tech Is Aiding Whirlpool Employees, Not Ousting Them
By Riia O'Donnell
Some talent managers believe digital skills gaps will cause businesses significant harm, while others worry about larger economic downturns. In the midst of all these shifts concerns, Whirlpool Corporation — a company with a 100-year long legacy — remains positive about its growth and the growth of its workers.
The company has worked to find the right balance of tech and process to keep staff ahead of digitization — while still prioritizing product quality, according to Deboleena Bose, vice president of human resources, North America, for Whirlpool Corporation.


text:
Sony couple of Android tablets planned to launch next month, indicates a dual 5.5-inch screened clamshell, known as Sony S2, will officially launch as the Sony Tablet P.
Tablet P hardware specs sports 512Mb of RAM, 4GB of internal storage and a 2GB SD card, with connectivity over 4G/LTE or WiFi. Both tablets, P and the Tablet S will share NVIDIA Tegra 2 processors and 0.3MP front-facing camera. WiFi-only Tablet S weights 600 grams, has 1GB of RAM and will be available in 16GB or 32GB versions. We still have no word on price tag or an exact shipping date but retailers have reportedly been told to expect more information soon, so stay tuned for further updates.


text:
Andrew J. Hawkins, a journalist at The Verge (an American technology news website), drove a Cadillac Escalade for a day.
While he’s a transportation reporter and not a regular vehicle reviewer, that was kinda the point of the exercise, to get impressions from someone outside the industry. He titled the piece “Driving the 2021 Cadillac Escalade was one of the most stressful experiences of my life.”
tap here to see other videos from our team.
His qualms were, largely, that the thing was simply much too big. The sheer bulk of the SUV made for massive blind spots. Parking in his own driveway proved challenging. And the Escalade’s width left him “in a cold sweat while driving on narrow, two-lane suburban roads.”
While the piece had some of us nodding our heads in agreement, the blowback was swift and often ferocious from other quarters. Did he write it intending to draw the clicks and the ire of truck-owners and some of his industry colleagues?
Hardly matters. He was right.
My inbox has been assaulted in recent weeks with manufacturers touting the newest pieces of artillery they’re bringing to the battlefield. Sorry, to our roads. But I could be forgiven for making that mistake.
Before the article was published, Hawkins posted a picture on Twitter of his kindergartner standing in front of the truck, a single shot that demonstrated one of the biggest problems with the auto industry in North America right now: we are designing, producing, buying, and driving vehicles that are monstrously unsuitable in many of the arenas they are thriving in.
Nearly half of us at this site said the explosion in both sales and size in SUVs was our biggest automotive disappointment in 2019, and things have only gotten worse. It’s been in the making for years; at every successive Detroit auto show, we’d watch sheet after sheet torn off to reveal new trucks and SUVs that weren’t just higher and wider, but more menacing. Don’t believe me? Check out GM’s new Denali concept. It looks ready to storm a terrorist bunker all by itself.
I’m not talking about trucks used for heavy-duty work or towing, nor vehicles required for people to do their jobs. It’s not about AWD family-haulers that can get into cottages or ski chalets. We’re locked into a race not just for bigger, but for more intimidating. That’s not an accident.
Tired of oversized pickup trucks? Here are the midsize trucks I'd buy
Shopping for a large SUV? Allow us to do some van-splaining
The Ford F-150 pickup has been the best-selling vehicle (not just truck) in North America for over two decades, though all pickups have participated in and benefited from a growing sector. Much of that early growth was representative of the more rural landscape outside of the major cities frequently accused (often rightfully) of thinking they are the centre of the universe.
But now? We’re seeing upwards of 75 per cent of new vehicle sales dominated by pickups, SUVs, and CUVs. Many of those crossovers – the RAV4s, the Tuscons, the Escapes – are basically taller cars, with a higher seating position and more easily accessible cargo space than a sedan’s trunk. Their footprint reflects that, even as manufacturers stretch the spirit of CAFE within an inch of its life.
Manufacturers make the most money on their biggest vehicles. Ford invented the mainstream SUV by tarting up an F-150 with leather and chrome and sat stunned as one of its most workaday vehicles became a perennial hot-seller with a far higher price tag. Everybody else followed suit, and SUVs became more ubiquitous than fruit flies in that bottle of red I left open last night. Our roads were transformed, driving forever changed.
“We’re giving consumers what they want,” shrug carmakers. OK, guys, but you also have spectacular advertising budgets to tell buyers what them want. Why cram your kids in a boring four-door box when you can haul them around in a “road dominator”? Sure, minivans are the better choice for many families, but the cool factor is — nonexistent. And we all know what happens when everybody has caught up: the field goes bigger. And heavier. And faster. But here we are, at last. We’re at Too Big.
“When you need a suite of high-definition cameras and other expensive sensors to safely drive to the grocery store, there might be something inherently wrong with your design,” says Hawkins. The answer to these behemoths being dangerous on our urban roads is not slapping a band-aid on it; the increased bumper and hood heights of many of these SUVs and pickups mean far deadlier consequences for pedestrians and cyclists.
We’re locked into a race not just for bigger, but for more intimidating
The occupants have never been safer, a much-touted and valid selling point. I don’t want drivers and passengers to be hurt. But we should also want pedestrians and cyclists not to be killed. Manufacturers are trying to solve problems they themselves created.
Hawkins cited an experiment by a local TV station. “The Escalade had the largest front blind spot of 10 feet, two inches, with the driver sitting in a natural, relaxed position,” he writes. “It took 13 children seated in a line in front of the Escalade before the driver could see the tops of their heads.” If you’ve driven any of the heavyweights in this segment, you know this is common.
I don’t care how many cameras and sensors a vehicle has: if they’re the only thing predicting a collision because the driver literally can’t see, we are going the wrong way. I won’t even get into blowing snowstorms and all those sensors.
If I have something like a Navigator or an F-250 as a press car for the week, it takes up over half my driveway, and two spots in a parking lot. Very family-room-ish on longer trips, but they also use three times the fuel my hatchback does. “They move through traffic with the indifference of basking sharks disrupting sardine shoals,” says a writer friend. It’s one thing to be up so high you feel disconnected to the road and those around you; it’s another when you stop caring because you’re invincible.
I know I’ll be flayed for my opinion anyway, so when it comes to explaining the rationale for all this excess, I’ll plunk all my chips onto the “toxic masculinity” square, because I have nothing to lose.
LISTEN: Canada’s hard-charging EV pioneer Kent Rothwell joins podcast
Subscribe to Plugged In on Apple Podcasts, Spotify, Stitcher, and Google Podcasts.


text:
Optical networking firm Ciena’s shares were on the rise on Thursday following the release of their strong financial results for the fiscal third quarter. The company experienced a significant boost in revenue, driven by the increasing demand for their hardware from cloud computing providers.
Impressive Financial Performance
Ciena reported revenue of $1.07 billion for the quarter, a 23% increase compared to the same period last year. This figure exceeded the company’s projected range of $1 billion to $1.08 billion and topped the consensus forecast of $1.04 billion. Adjusted profits stood at 59 cents per share, surpassing the consensus estimate of 51 cents.
Positive Margin Trend
The company also demonstrated a positive shift in its adjusted gross margin, which rose to 42.7% from 40% in the previous year’s quarter. This improvement signifies Ciena’s commitment to maintaining strong financial performance.
Expansion Beyond Telecommunications
Ciena’s success is not solely attributed to telecommunications companies, as the company has been increasing its business with cloud providers. In fact, non-telco customers accounted for a record-breaking 46% of the company’s revenue in this quarter.
CEO Optimistic About Future Growth
Ciena CEO Gary Smith expressed enthusiasm regarding the company’s results, stating that they delivered excellent performance across all regions. Smith also mentioned their increasing customer activity and elevated backlog, which he believes, combined with their market leadership and expanding addressable market, will drive further growth and market share gains in the future.
In premarket trading on Thursday, Ciena’s shares rose by 5.3% to reach $45.45.