Tesla is reversing an announcement it made on Feb. 28 regarding store closures. The automaker announced March 10 that it would “keep significantly more stores open than previously announced, as we continue to evaluate them over the course of several months.” Tesla's decisions have consequences for consumers, franchised dealers and other automakers. “Dealer groups are raising new legal questions about Tesla's sales model, while traditional automakers might wonder whether they can follow in Tesla's footsteps,” reports Automotive News.
In honor of International Women’s Day, The Daily Beast profiles a slew of lifestyle and fashion brands that all have female founders, including athleticwear company Girlfriend, bra brand Lively and luggage company Away.
"DTC brands are changing traditional consumer-brand dynamics and forcing creative agencies and legacy brands to re-evaluate how they operate, but each side can usefully learn from the other," according to WARC. For example, DTC's brands' "clever use of digital infrastructure to grow fast and connect directly to customers doesn’t necessarily help with longer-term brand building."
Last week Il Makiage debuted "a foundation-matching quiz (with a proprietary algorithm) and a try-before-you-buy program," reports Glossy. "Moving forward, the brand plans to expand both the algorithm and the full-size tryout to other products beginning in April," according to its CEO Oran Holtzman. "As a DTC brand, we are more flexible and have more control around voice, prices and product offers. We could never have done what we are doing now, if we had wholesale partners,” Holtzman told Glossy. “But having said that, a DTC brand is much harder to grow, so that’s why we are coming up with this technology.”
The Blockbuster store in Bend, Ore., is the last to survive changes in technology and shopping that reshaped the way people watch movies at home. Fifteen years ago, Blockbuster had 9,000 busy stores. Despite the changes, the store in Oregon has 4,000 account holders and adds a few new ones every day. “Such holdouts have bucked the norm in the retail and restaurant industries, which have shed stores by the hundreds in recent years,” per The New York Times.
The “munchies” many pot smokers get are not only real, they are good for business. Potato chip, cookie and ice cream sales all increased in Colorado, Oregon and Washington as recreational marijuana became legal in those states, according to a new study. Chip sales increased 5.3%, while cookie sales climbed 4.1% and ice cream purchases increased 3.1% in the aftermath of legalization, reports MarketWatch.
A Los Angeles apparel designer and manufacture of vintage-inspired clothing is working with Mattel to create outfits inspired by Barbie’s 60th anniversary. Unique Vintage, primarily an e-commerce company, has designed directly from “iconic female heroines,” including Audrey Hepburn, Eartha Kitt and Marlene Dietrich. The 12-piece spring collection running a size range of 2 to 26 will be inspired by the Barbie dolls of the '60s through the '80s.
Family Dollar will close 390 stores this year, with the aim of getting back on track financially. The chain of more than 8,000 stores offer items under $10. It is owned by the Dollar Tree, which operates a chain of 7,000 other stores in suburban areas. Dollar Tree stores cater to customers who make more than Family Dollar customers do, but all of their products sell for only $1, per CNN. Dollar Tree bought Family Dollar in 2015
for $8.5 billion.
H&M has signed a lease for its first-ever Detroit location. The store will be the first retailer selling men's, women's and children's apparel to open downtown in decades. The 25,000 square-foot space will launch in the fall. The store joins other national brands already banking on Detroit’s continued resurgence including John Varvatos, Warby Parker, Under Armour, Nike, Moosejaw and Shake Shack.
Several products that tout being “American Made,” right down to using #MadeInUSA hashtags were actually made in China, according to the Federal Trade Commission. "But while President Trump has accused China of destroying American jobs and prioritized strengthening United States manufacturing, his appointees at the F.T.C. did little to punish the firms,” according to the New York Times. “The companies faced no fines and were not required to admit any wrongdoing or to notify customers of their false marketing.”