Swarovski, Skims & Fifth Avenue 💎
This Week in Review☕️: Luxury brands bet big on celebrities | Biden calls Chinese President Xi a dictator | Ties become an accessory of the past | Holiday shopping to rise as customers splurge | Travel
Quick Bites:
Luxury💎: As the luxury sector softens, Swarovski bets on Kim Kardashian and Fifth avenue.
Crystal body chains and blinged-out bras.. Where my sugar daddy at? Need the new Skims x Swarvski undies for Christmas 🎄
Luxury brands from Gucci to Prada are experiencing declining sales as inflation and higher interest rates force shoppers to spend less on non-essential goods, Bloomberg reports.
But Swarovski, the maker of affordable crystal jewellery, expects double-digit profit growth through 2023, according to the CEO.
Guess it helps to bet on Kim K's $4 billion shapewear line.. And to think it all started with a sex tape with a D-grade rapper.
The plot twist noone saw coming🤯
Skims- the official underwear partner of the NBA, WNBA, and USA Basketball. And now, Swarovski.
Not bad for "a girl with no talent" 👋🏻
Our Thoughts💡:
The most unnecessarily hated people on social media:
💡Billionaires
💡Republicans
💡Andrew Tate
💡Donald Trump
💡Kim Kardashian
💡The Lactose Intolerant
💡Vegans
💡White people globally
Rich coming from haters whose face resembles Kimmy's left buttcheek 🖕🏻
World Politics 🌎: Biden calls China's President Xi Jinping a "dictator", hours after their first meeting in a year.
China's response💡: "Extremely incorrect and irresponsible political manipulation".
Just Sleepy Joe accidentally blurting out something that wasn't written by whatever 35-year poly science major, is running tabloids worldwide🙈
Biden's campaign manager after every live interview👇🏻.. More nervous than a hot dorito in a room full of potheads 🤯
“Well, look, he’s a dictator in the sense that he is a guy who runs a country that is a communist country that’s based on a form of government totally different than ours”
-Biden
Biden's not wrong but he IS a buffoon. We're trying to make peace with China at a time when the possibility of WW III has never been higher.
You need someone in office who understands what time it is 🙏🏻
Our Thoughts💡: The country supporting mass genocide and wars all around the Middle East but talking about democracy.. Sit the f**k down Joe. No moral highground here🖕🏻
Case in point💡: From 1946 until today, America has bankrolled and intervened in:
💡The Korean War
💡Vietnam War
💡Lebanon Crisis
💡Bay of Pigs invasion
💡Cambodian Civil War
💡The Gulf War
💡Afghanistan War
💡Iraq-Somali Civil War
💡North-west Pakistan War
💡Intervention in Yemen, Libya and Syria
Not sure if the US is the right nation to be pointing fingers here folks.. 🤔
Work Culture👔: Are ties really dead? This once-essential accessory has now become a relic of the past, The New York Times reports.
Gone are the days of loosening the necktie. The days today are of losing it altogether.
With the shift to WFH, It became increasingly clear that the corporate world's dress code had shifted from preppy pinstripes to athleisure over the pandemic.
Covid didn't start as much as accelerate this shift; the longstanding button-downs, neckties and oxford shoes trend was already struggling in the face of rising fast-fashion.
The post-pandemic office today is most likely an employee's living room- or even bedroom.
A tie is simply too formal for such settings. Infact, now even G7 leaders go tie-less, says the Atlantic.
Long story short💡: save the necktie for special occassions: if you're a crypto fraud under trial, attending a black tie event or at a funeral. That's pretty much it folks.
Our Thoughts💡: Tbh, while comfy, non-tie clothing has been the norm in the tech sector for years, the pandemic made it the new normal for ALL, irrespective of the industry.
We've firsthand witnessed the market explode for casual dressing guys. Infact, sweats (atleast waist-down) continue to be the official #WFH uniform in 2023.
Even Anna Wintour was seen donning them! If the ultimate decider on what's hot in fashion is wearing sweats, so are we. PERIOD.👇🏻
Retail 🛍: Black Friday spending set to rise as shoppers expected to splurge to pre-pandemic levels.
According to Deloitte, the average shopper will spend $1,652 this holiday season. Holiday Sales are projected to hit $1.3 trillion; an increase of 4.5% compared to 2022.
Black Friday: Because, only in the west, people CLOBBER each other for sales exactly one day after being thankful for what they already have lmao
The most popular deals, according to The Wall Street Journal:
💡Electronics: Smartphones are down 12% and TVs are down 9% from last year
💡Home Goods: Prices of bedsheets, towels and linen sets are down 10%
💡Sports & Recreation: Prices of toys are down 4% and sporting goods are down 1.2% from last year
💡Travel: Gasoline prices are down nearly 11%
Umm we don't need to buy anything on Black Friday. We just wanna get in a fistfight at Costco and feel alive🙏🏻
With inflation easing and the economy showing signs of cooling, retailers like Walmart say the trend of price hikes is declining.
Store shelves are also sufficiently stocked- thanks to a lack of the pandemic-era supply disruptions that led to shortages last year, WSJ reports.
Our Thoughts💡: Y'all don't think we ready for Black Friday? We were 3rd grade class prefects for SIX WEEKS STRAIGHT.
This is what we train for. This is our life.💯
Quicker Bites:
Microsoft hires Sam Altman hours after OpenAI rejects his return.
OpenAI staff threaten to quit unless board resigns.
Australia beat India to win the Cricked World Cup Final.
US financial markets closed on Thursday last week for Thanksgiving.
Earth likely briefly passed critical warming threshold on Friday.
Argentina set for sharp right turn as Trump-like radical wins presidency.
One of Napoleon’s trademark hats sells for record $2.1 mn.
Max Verstappen wins Las Vegas Grand Prix.
Dangerous severe weather, including tornadoes, to target southern US.
Hamas says Gaza hostage talks progress and could yield “truce”.