This past September, my colleague Paul Alexander wrote about the rise of ready to drink (RTD) cocktails in this space. He detailed several key developments, including Coca-Cola’s partnership with both Brown-Forman and Constellation brands to launch alcoholic beverages. It seems that partnership was just the beginning for Coca-Cola’s foray into alcoholic beverages. In late September, […]
Small brands and major retailers alike have been bracing for a muted holiday shopping season this year due to concerns about a weakening economy, high inflation, excess inventory, and softening consumer demand. Anxiety built further when major fall seasonal sales, including Amazon’s second Prime Day of 2022 (the first time the company has ever had […]
Target’s same-store sales have been trending in the wrong direction. Third quarter comps by month showed a 2.8 percent gain in August, followed by a 4.0 percent increase in September. But October proved challenging, with same-store sales declining 0.9 percent. This occurred despite the Target Deal Days promotion that ran between October 6 and 8. […]
Global luxury fashion mogul Tom Ford has scored a big deal for himself and his eponymous brand. On Tuesday, The Estée Lauder Companies (“ELC”) agreed to acquire the TOM FORD brand for $2.8 billion. This is the largest fashion transaction of the past decade, topping Versace’s $2.1 billion sale to Capri Holdings in 2018 and […]
In his popular book Sapiens, Yuval Noah Harari states that “from about 2 million years ago until around 10,000 years ago, the world was home, at one and the same time, to several human species.” Harari says the fossil record shows that our species coexisted with the likes of Neanderthals, Homo erectus, Homo soloensis, Homo […]