Ralph Lauren sets ambitious growth targets: The lifestyle brand plans to raise prices, expand into new product categories, and continue prioritizing D2C to capitalize on strong luxury demand.
On today's episode, in our "Retail Me This, Retail Me That" segment, we discuss how to define luxury retail, how much luxury brands can raise their prices, and how they are elevating themselves. Then for "Pop-Up Rankings," we rank the top four examples of luxury brands that are expanding their reach. Join our analyst Sara Lebow as she hosts analysts Sky Canaves and Zak Stambor.
Researchers splash cold water on AI progress: A new study paints a grim scenario of how AI could turn on humanity. It illustrates the benefits of tech companies heeding ethicists' warnings.
Global eSIM adoption is inevitable: 3.4B devices will be eSIM compatible by 2025. We can expect to see an increase in 5G connectivity in smartphones, laptops, tablets, and wearables.
Matter around the corner: A leaked Google Nest router hints at the industry-wide transition to a faster, more robust Wi-Fi 6E, which could also be the launchpad for the Matter smart home standard.
Goldman Sachs, JPMorgan, and Nomura have all expanded into NFTs.
Unpacking the latest retail sales figures from the UK and China: While UK consumers buckle under the weight of inflation, Chinese shoppers take a cautious approach to spending.
FedEx sounds the alarm for a global recession: But the company’s misfortunes may owe more to strategic misfires than worsening economic conditions.
YouTube tests user patience: Some viewers are being treated to as many as 10 consecutive ads that can’t be skipped.
TikTok Now is like BeReal, except…wait, it’s exactly BeReal: The ByteDance-owned app follows Snapchat and Instagram in copying the ephemeral app.
Adyen will let its US merchants offer the payment method, which can help Block drive adoption as P2P growth slows.
Digital trust is the confidence people have that a platform will protect their information and provide a safe environment for them to create and engage with content. Our sixth annual benchmark survey of US social media users reveals that trust in social media platforms has declined substantially this year in key areas including privacy, safety, and ad relevance.
Adobe announced last week that it’s buying design platform Figma for $20 billion (or roughly half a Twitter). The news came shortly after Canva announced an expansion of its user-friendly design suite.