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Business Continuity Products Help Cox Customers Maintain Services Even During Challenging Times | Sponsored: Cox Business

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For a business leader, a natural disaster or a cyberattack is the worst-case scenario. Damage to infrastructure and data can lead to lost revenue and an inability to serve customers in a timely manner. As a solution, Cox Business offers several services that can ensure businesses are up and running again even when a recovery is in progress or underway.

For example, when Hurricane Ida hit southern Louisiana in August 2021, Cox Business customers with cloud-based services were able to continue working from other locations, said Calli Trabeaux, chief of senior product from Cox Business for managed services. The same goes for businesses that have suffered damage from fires, floods, and other weather events that can displace employees.

Trabeaux said a popular offering from Cox Business is emergency internet services that allow business owners and employees to get back online in seconds after an internet outage. The service is scalable, making it ideal for small stores and restaurants, large businesses with multiple locations, or any business in between. This allows employees to continue to access data and stay in communication with each other using virtual platforms for the duration of the outage.

“The great thing about our products is that they are managed services, which means that Cox Business manages the installation and maintenance of the service,” said Tim Adams, Senior Product Manager, Cox Business Enterprise . “A customer may need to update some minor configurations, which is an easy step. Our professional implementation team can work with the customer to take care of everything else; the business owner doesn’t have to. not to worry.

Trabeaux added that all products managed by Cox Business have been designed to work automatically with minimal customer intervention.

“They’re all designed to be set and forget solutions,” she said.

However, members of the Cox Business team are also available to answer questions and provide assistance if needed. Additionally, business owners can log into their Cox Business My Account self-service portal from anywhere to make any necessary changes or updates.

In addition, Cox Business offers a full suite of voice services and calling features, such as call forwarding, said Michelle Stanton, senior product manager for voice services. This means that if a customer calls a company number in an empty or damaged facility, those calls can be immediately transferred to another designated landline or cell phone to reach a company representative. Stanton said other Cox Business voice services allow business owners and employees to use their laptops as phones, with headsets, to stay connected.

Stanton noted that for voice customers who might be using call forwarding or other services for the first time, Cox Business experts helped ensure call flow was working properly so services weren’t interrupted.

“If we know we are facing a situation such as a hurricane in the Gulf, our sales representatives will contact our customers in advance to verify them and make sure they have everything they need,” said said Stanton. “We also advise them on how to prepare to ensure they can keep their business running.”

Having businesses up and running as soon as possible after a disaster has many implications for businesses and the community. Stanton noted that many of these companies are supporting first responders in recovery efforts, which means their services are essential in the restoration process.

Adams said studies have shown businesses can lose thousands of dollars every hour they’re offline, which can have major impacts on businesses, employees and the broader economy.

“We’re really proud of our products and the fact that we offer a suite of services to meet multiple needs,” Adams said. “Our internet backup products even come with battery backup to help customers deal with situations like a short-term power outage. We install appliances and infrastructure in businesses to help them overcome all the challenges.

For more information about Cox Business products and services, visit www.coxbusiness.com.

Mountain Wheels: Refreshed Chevrolet Traverse Offers Extremes in Cargo Space

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After being delayed nearly an entire model year due to COVID-19 downturns, the 2022 Chevy Traverse features a revised grille, lights and new standard safety features.
Andy Stonehouse/Courtesy Photo

I still have an unusual affinity for the Chevrolet Traverse, a chunky but officially midsize crossover SUV that I last drove in its current configuration in 2019. I spent another week in the slightly updated 2022 model. updated – a bright red RS all-wheel-drive edition priced at $50,040 with that custom paint job, dual sunroof and tow package – and again found it very attractive, for very different reasons from those of the similarly sized Pathfinder and Grand Cherokee.

Part of that was the excitement of actually having another national test vehicle—after what ended up being a year-long delay in the Traverse’s production run. Another part was seeing how the observations I had made about Traverse and the new Tahoe and Suburban one-size-fits-all models really came true.

When she arrived in 2009, she had this sort of amorphous plumpness that made it a bit difficult to distinguish between Acadia and the Enclave. The second-generation vehicles, which debuted in 2017, offered a boxier shape and frankly Ford Explorer style, which made them more distinctive and felt a bit more related to full-size models.



Come full circle as GM’s new full-size SUVs take that upright, flat stance and push it enough to provide true third-row passenger space.

So maybe I liked Traverse because it was kind of state-of-the-art—in its own understated Chevrolet style. And now, for 2022, Traverse itself gets some minor updates in the form of a more aggressive grille that looks a lot like the Tahoe and Suburban.



The slightly sportier RS ​​edition features a blacked-out grille and fascia, with slim LED headlights and upside-down L-shaped LED running lights surrounding potted running lights. All of this is topped by Traverse’s multi-ridged, high-edge hood, the high corners of which flow into the window frames and unfortunately create very large reservoirs for snow to accumulate overnight. Since it’s not really a Tahoe, you can always reach out and brush things off.

At the rear there are also new LED taillights, which extend to the side of the vehicle, as well as a slightly old-fashioned but actually bumper-shaped bumper, with shaped exhausts trumpet below.

Other changes for 2022 include heated and power-folding side mirrors on the upper trims, a new roof rail design and a number of new wheel styles, including the 20-inch dark aluminum wheels on my vehicle. test. And, like every other manufacturer, if you want everything dark, there’s a very black Midnight Edition. Additionally, the available rear entertainment system is no longer an option, but there are plenty of USB power points for charging your family’s devices and multi-user WiFi access.

Yes, it doesn’t quite have the flashy electronics of the new Grand Cherokee or all the bells and whistles of the luxury brand, but my guess is that dedicated GM buyers aren’t quite ready to go. Committing to the increasingly high cash needed for a full midsize SUV will find the Traverse an attractive choice.

A big part of that is the size of the vehicle, which is large enough to require a bit of planning in parking spots but not outrageous. The trade-off is an absolutely massive 98.2 cubic feet of cargo space if you drop both the second-row and third-row captain’s chairs.

This provided super easy space for me, two passengers and a whole load of ski gear, or can be configured to provide quite comfortable sliding second row seats and third row seats for seven children in total, with those second rows widely spaced -row seats. There is also a large self-contained storage tank below the aft deck.

I also remain satisfied with what is apparently Traverse’s only engine option, a 3.6-liter V6 that produces a useful 310 horsepower worthy of a Chevy. Front-drive models can get up to 27 mpg on the highway; my AWD machine hovered at 22-25 mpg, depending on my driving.

The switchable AWD system is controlled by a large button on the lower console, with a standard 2WD mode and an off-road setting, though I keep it set for AWD on all but the drier roads.

I found the nine-speed transmission shifted so precisely at times that it felt like a turbocharged vehicle, and a toggle on the shifter allowed manual downshifts in cols.

The seats are wide and flat and a little flashier on the RS model, with interior detailing highlighted with lots of shiny plastic-coated metal and chrome as well as heaps of gloss black under a very flat dash.

Chevy’s comprehensive Safety Assist package is now standard on all Traverse models, including lane-keep assist, forward emergency braking and pedestrian braking. Buzzing seat alert and adaptive cruise control are available on higher-level models.

Andy StoneHouse

Explained: Why Hermès is suing an American digital artist for MetaBirkins NFT

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French luxury fashion brand Hermès is suing American digital artist Mason Rothschild who created the MetaBirkins series of NFTs (Non-Fungible Tokens), a rapidly growing part of the crypto world.

The lawsuit has once again shed light on the ongoing debate over NFTs – the uniqueness and real value of these digital artifacts and the criticisms against them.

Why is Hermès suing Rothschild for MetaBirkins?

Hermès accused Rothschild of taking advantage of the company’s trademark “Birkin”, a tote bag introduced by the company in the 1980s.

To be clear, Rothschild did not make actual tangible Birkin-type bags. He made digital art inspired by it and titled his artwork “MetaBirkins”, which is a series of colorful images of tote bags. Subsequently, he sold this work as an NFT online.

According to The National Law Review (NLR), Hermès International and Hermès de Paris have filed a lawsuit in the Southern District of New York for trademark infringement and trademark dilution. In its complaint, the brand detailed the origin and fame associated with the Birkin bag. According to NLR, Hermès has an American trademark for the word Birkin.

Due to the trademark rights held by the brand, the brand alleged its infringement in its complaint. He further stated that it was a case of “unfair competition” based on the artist selling the NFT and advertising his work as “MetaBirkins”.

NLR reports that the complaint also mentions an allegation of cybersquatting associated with metabirkins.com. Cybersquatting refers to the unauthorized practice of registering names that are similar or identical to those that are the subject of a trademark.

However, Rothschild seems fearless and announced on Instagram that he will fight. In a statement posted online, the digital artist said: “I do not create or sell fake Birkin bags. I have made artwork that depicts imaginary Birkin bags covered in fur.

But why are NFTs considered unique digital assets?

An NFT is a unique, irreplaceable token that can be used to prove ownership of digital assets such as music, artwork, even tweets and memes. The term “non-fungible” simply means that each token is different from a fungible currency such as silver (one ten rupee note can be exchanged for another and so on).

Cryptocurrencies such as Bitcoin and Ethereum are also fungible, meaning one Bitcoin can be exchanged for another. But one NFT cannot be exchanged for another NFT because both are different and therefore unique. Each token has a different value, depending on the asset it represents.

NFT transactions are recorded on blockchains, which are a digital public ledger, with most NFTs being part of the Ethereum blockchain. NFTs became popular in 2021 as they began to be seen by artists as a convenient way to monetize their work.

What are the other reasons why NFTs are in high demand?

Another attraction is that NFTs are part of a new type of financial system called decentralized finance (DeFi), which removes the involvement of institutions such as banks. For this reason, decentralized finance is considered a more democratic financial system because it facilitates access to capital for lay people by essentially eliminating the role of banks and other associated institutions.

Even so, as NFTs operate in a decentralized system, anyone can sell a digital asset as one. This can sometimes create problems. For example, if you were to sell someone else’s artwork as NFT, you could essentially be infringing copyright. This is also what happened in the case of MetaBirkins.

What happened at some recent NFT auctions?

In October last year, The Economist created an NFT of one of her issue’s cover images which depicts Alice from “Alice in Wonderland” looking down the rabbit hole which gives her a glimpse “into this strange new world” where words such as cryptocurrencies, Ethereum blockchains and the metaverse are entering the mainstream.

In March 2021, former Twitter CEO Jack Dorsey sold the platform’s first Tweet as an NFT. The tweet, which Dorsey posted in March 2006, read “just setting up my twttr”. This tweet which would probably offend grammar pedants earned more than $2.9 million. This amount was reportedly credited to Dorsey’s crypto wallet.

What is the criticism against NFTs?

One of the criticisms of NFTs is that they create value where none exists, such as selling memes and tweets for large sums. Another more common criticism of NFTs is the greenhouse gas emissions associated with making these transactions, given the high amounts of electricity they consume.

According to the Cambridge Bitcoin Electricity Consumption Index, the amount of electricity consumed by the Bitcoin network in a single year could meet the University of Cambridge’s total electricity needs for 993 years or could power all the kettles used to boil the water in the UK for 30 years.

The “Valuables by Cent” website, through which Dorsey auctioned his tweet as an NFT, allows anyone to place a bid on any tweet. Purchasing a tweet means that the individual receives a digital certificate, which is signed and verified by the creator of the tweet, proving that they own the tweet.

Once an individual purchases a tweet, they can resell it on the website or display it in their online gallery. Buyers can also choose to keep the tweet in their private collection.

But why would anyone buy a tweet in the first place? The website lists this question in its FAQ and offers the following answer: “Every day, precious moments happen in the space of a tweet. Turning those moments into NFTs captures that value in the form of digital collectibles. Buying an NFT from someone creates the start of a direct relationship between you and them. That’s pretty cool.”

Commentary: Holiday gift returns are stifling retailers and landfills

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As the heat of the holiday season wanes, Americans are taking a cold look at their Christmas presents. Many don’t like what they see.

One in 4 Americans expect to return at least one holiday gift by this weekend, according to a UPS report. That’s at least 60 million packages in a single return season for the world’s only package shipper, and a 10% increase over 2020 holiday returns. these returns are increasing, retailers and consumers face an expensive and unsustainable shopping future.

For generations, savvy retailers have embraced lenient return policies as a way to project reliability and build customer loyalty. They were well aware that unscrupulous customers could exploit no-questions-asked or receipt-optional refund policies. But the success of retailers like Nordstrom and Target, both of which have permissive brand awareness to return to Strategies and loyal customers, highlighted the compensating benefits. In one recent survey apparel companies, 86% of respondents agreed that returns are a “necessary evil”.

Online retailers recognized the need early on, adopting lenient return policies and free return shipping to build trust and loyalty among consumers new to e-commerce. Perhaps the most aggressive promoter was Zappos, the online shoe retailer now owned by Amazon. At first the company encouraged customers to order shoes in multiple sizes, then return the ones that don’t fit and pay the shipping costs. As early as 2010, Zappos was happy story journalists that its best customers were those who returned the most products.

It’s an expensive way to gain market share. In 2020, American consumers returned around $428.6 billion in merchandise, 10.6% of total retail sales. Now online retailers, rocked by difficult COVID-era consumers, are facing return rates between 15 percent and 30 percent.

Refunds are just the beginning of a retailer’s costs. According to a recent analysis of companies involved in the returns industry, it costs retailers $33 to process a $50 return item in 2021, a 59% increase from the previous year.

There are several familiar factors behind this rising cost in the age of COVID-19, especially for e-commerce retailers. Rising transport costs have made it more expensive to transport returned goods to specialized processing centers and then to their final destinations. Rising labor costs have prompted retailers to seek employees to open, assess and route returned products.

But the biggest costs, by far, are related to depreciation and liquidation of returns (on average, between $6.50 and $35.25 per $50 product). Few returned products are redirected to a retailer’s inventory. The flood of returns is so heavy (and growing) that it’s simply impossible for retailers to assess whether every pair of jeans, porch furniture combo or Lego set is in resalable condition.

To manage the volume, retailers rely on a byzantine network of brokers, dealers, liquidators and – sometimes – themselves to extract value from returns. For example, Home Depot Inc. hosts online clearance auctions returned products with lot descriptions such as “Full truck (18 pallets) of outdoor motorized equipment, vanities and more.” The winners sort and – hopefully – resell the products. But there’s no guarantee that everything will work (it’s a return, after all), and so the dealer bears the burden of disposal as well.

It can be a heavy burden. In 2020, retail returns generated nearly 6 billion pounds of waste. Part of that is the packaging. But much of it is returned products that cannot be resold. In these cases, resellers and retailers, faced with an uncontrollable flood of returns, have been known to incinerate returned the inventory or throw it in dumps. Retailers who fail to address the issue are not only responsible for waste, but also risk alienating customers.

The financial charges are just as important. Last month, British online fashion retailer boohoo Group PLC reduced its sales forecast in part because of a ruinous 12.5% ​​increase in yields from December 2020.

They are not alone. In recent years, venerable retailers, including Nordström, have tightened their once-liberal return policies in the face of rising costs. So-called “free” returns are reduced and consumers are encouraged to deliver unwanted products to physical stores.

Solutions that avoid alienating consumers accustomed to free returns remain rare. For example, many online clothing retailers have invested in virtual fitting rooms to help online shoppers buy well-fitting clothes. So far, the dressing rooms don’t seem to have had much of an impact on returns.

A better approach might be a retail industry campaign that outlines the environmental and financial costs associated with product returns. At a time when consumers and retailers want to bolster their sustainability credentials, an honest acknowledgment of what happens when consumers buy more than they need (or want) could benefit everyone. .


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Global Yoga Clothing Market Latest Research, Industry Analysis, Driver, Trends, Business Overview, Key Value, Demand and Forecast 2021-2026

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The Global Yoga Clothing Market research report presents an overview and in-depth study of the Global Yoga Clothing Market to achieve understanding and business intelligence of the market through financial and industry analysis of the Key Players, Companies, Regions, Types, Applications and its future scope in the industry till 2025.

The Yoga Clothing Market research report assesses key trends defining industry growth in terms of regional scope as well as competitive landscape. It also highlights the challenges and restraints faced by the leading companies along with the major growth opportunities that will help in the expansion of the business.

The document also contains information such as the impact of the COVID-19 pandemic on the revenue generation of this business sphere, further enabling better understanding among stakeholders.

Request a sample copy of this report @ https://www.nwdiamondnotes.com/request-sample/136103

Key information on the COVID-19 impact analysis:

  • Global COVID-19 status and subsequent economic overview.
  • Impact on demand and supply chain processes of this industry vertical.
  • Short-term and long-term effects of the coronavirus epidemic on the development of the industry.

A summary of the regional relief:

  • The report divides the geographical landscape into North America, Europe, Asia-Pacific, Middle East & Africa, South America.
  • It offers a comprehensive overview of each of the regional markets in terms of individual growth rates over the study period.
  • Additional data such as revenue and sales generated by each region listed are also mentioned.

Other key aspects of the Yoga Clothing market report:

  • According to the report, the competitive spectrum of the Yoga Clothing market is formulated by organizations such as Adidas, Under Armour, Everlast Worldwide, Amer Sports, ASICS America, Manduka, Nike, YogaDirect, HuggerMugger, La Vie Boheme Yoga, PUMA, Eddie Bauer, Columbia Sportswear, Hanesbrands and VF Corporation (VFC.
  • Crucial information such as company profile, product offerings, production capacities, gross margins, pricing models and overall market share held by each company are offered.
  • Meanwhile, the Yoga Clothing market product landscape is segmented into Cotton, synthetics and cotton-synthetic blends.
  • The volume and revenue forecast data of each product fragment over the forecast period is documented.
  • Additional details including production models, market share and estimated growth rate of all product types are listed.
  • The scope of the Yoga Clothing market includes Man, woman and child.
  • The report measures the market share of each application segment and then predicts their respective growth rate over the estimated period.
  • It also elaborates on the industry supply chain as well as other competitive trends.
  • The study performs a detailed SWOT analysis along with five Porter analyzes to enable better decision-making when evaluating investments.

Major Highlights of the Yoga Clothing Market Report:

  • The impact of COVID-19 on the revenue sources of Yoga Clothing market players.
  • Calculations of total sales value and total market revenue.
  • Deteriorating trends in the industry.
  • The estimated growth rate of the Yoga Clothing market.
  • Detailed information on major distributors, retailers and traders.

Main conclusions of the report:

  • Complex assessment of the competitive landscape of the Yoga Clothing market
  • Analysis by country of the supply-demand ratio for the different geographies of the soundbar
  • Influence of Technological Advancements on the Yoga Apparel Market
  • SWOT analysis of each company presented in the report

Customization request on this report @ https://www.nwdiamondnotes.com/request-for-customization/136103

This gorgeous woolen trench coat is on sale for 75% off!

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Us Weekly has affiliate partnerships, so we may receive compensation for certain links to products and services.

Boss babes have busy schedules. They can have a meeting in the morning, followed by an energizing lunch, an afternoon coffee or a cocktail hour, and topped off with a business dinner. Sometimes they even manage to find time to slip into a workout. How do they do? We’ll never know, but one thing’s for sure: they need a chic coat to tie their look together. Some of our favorite leading ladies in pop culture history have made major fashion statements in fierce outerwear. Olivia Benson Law and Order: SVU rarely showed up at the crime scene without wearing a blazer or leather jacket, and Olivia Pope of Scandal always “handled” in a custom trench.

You don’t need an undercover job to pull off one of the season’s most edgy styles. We’ve seen wool trench coats everywhere lately! The Paris-meet-New York aesthetic is oh-so-chic. Upgrade your outerwear collection with this beautiful woolen trench coat, now on sale 75% off. No one will believe you found this fabulous find at Walmart – trust We.

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See it!

Get the Women’s Alpine Swiss Trench Coat for just $50 (originally $200) at Walmart!

The Alpine Swiss women’s trench coat is an on-trend take on a timeless design. Ride in style in this classic fit with a notched lapel collar and double-breasted placket. Every wardrobe needs a basic black coat – it’s basically the outerwear version of an LBD. Plus, the gold buttons and fully lined satin interior are luxury touches! The slim silhouette is even more flattering with an adjustable tie belt that cinches your waist. And the belt loops, shoulder pads and front pockets have faux leather trim to enhance the look.

wool trench coat
walmart

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Get the Women’s Alpine Swiss Trench Coat for just $50 (originally $200) at Walmart!

We’re not sure exactly why this premium coat is on sale, but we’re not complaining! One satisfied buyer gushed, “This coat is beautiful, great quality, like expensive. It fits perfectly. I can’t wait to show it off and wear it all winter. I couldn’t be happier with this purchase.” Another customer said, “This coat is beautifully made. I love the style and the fabric. And according to one review, “It was an awesome purchase. This jacket is beautiful and fits perfectly. We’re noticing a pattern here.

You can absolutely wear this woolen trench coat day or night. We plan to take this look from the office to the theater. It is the epitome of everyday elegance. Pair this sleek style with leather-look pants and heels or a midi dress and knee-high boots. It’s a winter wardrobe winner!

See it! Get the Alpine Swiss Womens Trench for just $50 (originally $200) at Walmart!

Not your style? Check out more from Alpine Swiss here and shop all other coats and jackets from Walmart here!

This article is brought to you by the Shop With Us team at Us Weekly. The Shop With Us team aims to highlight products and services that our readers might find interesting and useful, such as face masks, self-tanners, Lululemon-style leggings, and all the best gifts for everyone in your life. The selection of products and services, however, is in no way intended to constitute an endorsement of Us Weekly or any celebrity mentioned in the post.

The Shop With Us team can receive products from manufacturers for free to test. Additionally, Us Weekly receives compensation from the manufacturer of the products we write about when you click on a link and then purchase the product featured in an article. This does not determine our decision as to whether a product or service is featured or recommended or not. Shop With Us operates independently of the advertising sales team. We appreciate your feedback at [email protected] Good shopping!

Luxury car brand Rolls-Royce unveils two new Black Badge models at Henry House

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HONG KONG SAR – Media outreach – 21 January 2022 – H Development Holdings Limited (the “Company”) is pleased to announce that Rolls-Royce Motor Cars Hong Kong, the world’s most prestigious automotive brand, has launched two new Black Badge models at the exhibition Black Badge Duology at the company show. renowned Ginza Henry House style commercial building. Following the presentation of the limited edition Black Badge Dawn Landspeed collection between January 6-16, the latest Black Badge Ghost is now on display for the first time at G/F, Henry House, 42 Yun Ping Road, Causeway Bay, via January 30. Heightened by a dark aesthetic, the new additions are powerful expressions of Rolls-Royce’s alter-ego.

First introduced in 2016, the Black Badge has now become a permanent series in the brand’s portfolio. The body is designed with its classic and elegant color – black, combined with dark chrome elements and unique carbon fiber wheels, expertly increased torque and refined performance of the car. Apart from injecting a dark aesthetic essence into the appearance, it also brings a lively driving experience to the driver.

To echo the exhibition’s dark theme, the venue has been meticulously transformed with a dark twist, fusing black tones with large LED screens and dramatic lighting – a design that embodies the brand’s alter ego. The exhibit also includes an interactive space, where guests can become a DJ and create exclusive Black Badge tracks.

Fearless, dark and rebellious, Rolls-Royce presents itself in a new light at the launch event at Henry House. The exhibit, which offers an up-close view of the ultra-luxury Black Badge series, is open to visitors from today until January 30. Customers can make a reservation by visiting https://bit.ly/3eDJp1y.

“Henry House is ideally located in a prime Causeway Bay location. We are delighted that Henry House has been selected by Rolls-Royce to unveil its all-new Black Badge Ghost models in Hong Kong,” the Rolls-Royce spokesperson said. “Dedicated to establishing a one-stop destination for business, retail and luxury shopping in Causeway Bay, we have focused on the development of commercial buildings in the area, where we have created an ideal location for brands high-end and exhibition events. After securing occupancy of a prestigious German brand at the HDH Centre, we have once again been chosen by world famous company Rolls-Royce Motor Cars Hong Kong to host the exclusive public display of their latest models. This demonstrates the alignment between our high-end positioning and the philosophy of internationally recognized brands. The group also has a collection of trophy developments such as HDH Center, Park Aura and Biz Aura etc. in the community of Causeway Bay.

Please download the high resolution photos of the newly added Black Badge models from the link below:

https://drive.google.com/drive/u/3/folders/1PeR4rcxYh2ecsPWAInr6BE-K3kkYO3iP

#HDevelopmentHoldingsLimited

Amazon Style clothing store to open next to Nordstrom and JC Penney in Glendale

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GLENDALE, Calif. — Amazon has a new business outside of e-commerce, cloud computing, content streaming, smart appliances, whole foods, cashierless technology, or whatever else you’ve come to associate with it. one of the most successful companies in American history.

It is a physical clothing store. Like, you know, a real brick-and-mortar space where you go to try stuff, buy it, and take it home. An IRL store. Google if you’ve never been there.

Amazon announced Thursday that it will open Amazon Style, its first clothing, footwear and accessories store later this year at the upscale American at Brand shopping complex in Glendale. Neighbors next door to the 30,000 square foot store will be some of the traditional clothing and department stores Amazon has lobbied over the past decade – Nordstrom, Urban Outfitters, J. Crew, H&M and others . There’s a JCPenney across the street, one of the biggest casualties of America’s retail transformation spurred by Amazon.

It might come as a surprise that Amazon, which has become America’s biggest clothing retailer since it started selling clothes in 2002, wants to open a physical store. But in-store shopping still accounts for more than 85% of U.S. retail sales, and shoppers often want to see how clothes look, feel and fit before they buy. It can also be more difficult to find new clothing brands and styles while browsing online than in person.

“Customers like to mix and match online and in-store purchases. And it’s no different in fashion,” Simoina Vasen, chief executive of Amazon Style, said in an interview. “There are so many great brands and great designers, but discovering them is not always easy.”

There are a few new things to Amazon Style and ways the company hopes to make shopping faster and more personalized for customers. However, many of the ideas that Amazon uses in the store aren’t new to the retail industry.

Most garments will be kept in the back of the store and only one sample of each item will be displayed on the sales floor. To buy it, customers will scan a QR code using an Amazon mobile shopping app, then collect it at the cash-out counter. If they want to try it on first, they can have it sent to a fitting room, which has touch screens where customers can request different sizes or colors. As customers browse the store and scan items, Amazon’s algorithms will recommend other items they might be interested in buying.

Vasen said the store is a “truly unique experience,” but similar technology can be found at other retailers. At Nike flagship stores, for example, members of the Nike app scan codes on sneakers and apparel and those items are sent directly to a fitting room. Clothing brand Reformation only displays one item of each item in its showrooms, and anything customers want to try on is delivered straight to dressing rooms which have different lighting options. American Eagle and others have tested interactive fitting rooms, where shoppers can request different sizes and styles on an in-room tablet.

Amazon Style will offer a mix of hundreds of well-known brands (Vasen didn’t specify which) and its own private labels. Retail analysts said a physical presence in apparel could help Amazon reach customers who want to shop in person and also spur the growth of Amazon’s more profitable but lesser-known private labels.

Other advantages of a physical store: Customers can also drop off their Amazon returns in store, or order online and pick them up on site.

Amazon has been working on this apparel initiative for years, said Vasen, who helped build Amazon’s physical presence in stores and also ran Amazon’s Prime Now grocery delivery service. She didn’t say when the first Amazon Style store will open this year or how many Amazon plans to add in the future.

Amazon Style will be the company’s latest attempt to break into brick-and-mortar retail, an area it has struggled to break into.

In 2015, Amazon opened its first physical store, Amazon Books, in Seattle. Two years later, Amazon bought Whole Foods’ 471 stores for $13.7 billion. The company also has dozens of 4-star stores, where it sells its top-rated merchandise, and cashierless convenience stores Amazon Go. different from Whole Foods’ high-end clientele.

As of December 31, 2020, Amazon had 611 physical stores in North America, including Whole Foods, according to its latest annual report.

Amazon hasn’t had the same level of success with physical stores as it has online. Amazon physical store sales fell 0.18% in 2019 from a year earlier to $17.2 billion and 5.6% in 2020 as more shoppers ordered online during the pandemic.

In its latest results for the nine months ending September 30, Amazon’s sales in physical stores were up 1.5% from the same period a year earlier.

Luxury retailers defy the crisis | PYMNTS.com

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It may be Men’s Fashion Week in Paris right now, but for the rest of the retail world, it feels a lot more like luxury retail season.

This, following three separate high-end retail earnings reports this week, which not only shattered estimates but also shed new light on the mindset and habits of consumption of the well-off during what was supposed to be a time of great uncertainty.

Exclusive designer brands have not only been able to navigate the holiday headwinds that have plagued the entire retail industry, but have done so with confidence on price and on the back – or wallets – young consumers who wanted to trade and splurge on something special, after almost two years of holding and saving.

“Full-price sales continued to grow at a double-digit percentage from two years ago, accelerating from the previous quarter and reflecting higher quality business,” said Burberry Group President Gerry Murphy, about the UK-based company. company quarterly results for the 13 weeks ending December 25. “Our focus outerwear and leather goods categories performed well as we continued to attract new, younger consumers to the brand,” he added, despite continued challenges in the external environment. .

Interestingly, Burberry’s “premium business” saw full-price sales rise 26% in the quarter from comparable 2019 levels, while total same-store sales fell 3% due to what the iconic plaid retailer said was its planned release of markdowns across its stores and website.

And it’s not just Burberry on the rise; The French giant Richemont and The Italian Prada group also reported results this week, with sales up 38% and 41% respectively.

The fact is, luxury sales rose at a time when the latest measure of US consumer shopping activity for December recorded a surprise drop of 1.9% last week for the most important of the year.

A Moment of Luxury

To drive demand and engagement, Burberry, for example, cited a mix of innovations that helped it attract early buyers and drive double-digit full-price sales growth across all product categories. , including a renewed focus on “distinctive and meaningful storytelling and experiences”. campaign, a first-ever advertising campaign dedicated to outerwear and a new store concept as well as a mix of digital and omnichannel innovations.

“We’re seeing strong and growing engagement with customers around the world shopping online through the improvements we’ve made to the online shopping journey, including greater personalization,” Burberry said. These efforts, he said, have led to strong customer adoption of omnichannel solutions, as well as an increase in in-store appointment bookings, a move that he says is spreading to more. of stores and countries.

Prada also noted its adaptive response to changing consumption and the economy, saying the significant increase in its pre-tax profit was supported by a higher contribution from its retail channel as well as sales. at full price. At the same time, Prada said the “wholesale channel streamlining” will continue.

“2021 was a year full of challenges but we proved that we were ready and quickly responded to the needs of an extremely dynamic market, implementing actions that allowed us to effectively understand changes in consumer behavior” , said Patrizio Bertelli, CEO of the Prada Group, in a press release. declaration.

The “Maisons” portfolio within the Richemont Group also saw outsized demand and performance, with retail (+45%) leading at channel level, while jewelery (+38%) and fashion (+37%) show the strongest performance in terms of activity. performance.

“On a two-year basis, sales exceeded pre-Covid levels across all regions, channels and lines of business,” Richemont said in its business update, adding that its direct-to-consumer sales are up. were further strengthened and now accounted for 78% of group revenue.

Richemont’s online retailers, including Yoox, Net a Porter, the Outnet and Watchfinder, also benefited from the luxury boom and saw sales rise 19% from a year ago.

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Under Armor (UAA) Stock Moves -0.05%: What You Need to Know

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younder Armor (UAA) closed at $18.80 in the last trading session, marking a -0.05% move from the previous day. That change was narrower than the S&P 500’s 0.97% daily loss. Elsewhere, the Dow Jones lost 0.96%, while the tech-heavy Nasdaq added 0.23%.

Going into today, shares of the sportswear company had lost 8.24% over the past month, lagging the consumer discretionary sector’s 2.74% loss and the 0.78% loss of the S&P 500 during this period.

Investors are hoping for strength from Under Armor as it nears its next earnings release. The company is expected to post EPS of $0.06, down 50% from the prior year quarter. Meanwhile, our latest consensus estimate calls for revenue of $1.46 billion, up 3.88% from the year-ago quarter.

Investors should also note any recent changes to analyst estimates for Under Armour. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. In the past 30 days, our consensus EPS projection is down 0.62%. Under Armor currently sports a Zacks rank of #4 (sell).

Digging into the valuation, Under Armor currently has a Forward P/E ratio of 23.44. For comparison, its industry has an average Forward P/E of 12.04, which means Under Armor is trading at a premium to the group.

Additionally, it is worth mentioning that UAA has a PEG ratio of 0.94. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. The UAA industry had an average PEG ratio of 0.94 at yesterday’s close.

The Textile – Clothing industry is part of the Consumer Discretionary sector. This industry currently has a Zacks industry ranking of 42, which places it in the top 17% of over 250 industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to track all of these stock movement metrics, and more, at Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.