• Casper Files For IPO
    With revenues growing -- and losses mounting -- mattress company Casper has filed for its initial public offering, with an initial size of $100 million. The bed-in-a-box pioneer, launched in 2014, says it has spent $423 million on marketing between 2016 and September of 2019.
  • Men Don't See Value In Renting Clothes
    Rent the Runway, StitchFix and Gwynnie Bee continue to be all the rage for women who want to mix up their wardrobes or get access to high-end outfits without breaking the bank. But Rent the Runway has never carried menswear. “Despite the popularity of renting, there are no companies of its size that offer men’s apparel,” according to The New York Times, which asked a dozen stylish men across the United States (and one abroad) about their attitude toward renting clothes. “Nearly all were dubious, and not because of hygiene or laziness.”
  • Audi Latest Automaker To Bypass New York Auto Show
    Audi of America joins Mercedes-Benz and BMW in its decision  not to participate in the New York International Auto Show in April. “The New York auto show has traditionally drawn more than a million visitors annually to the Javits Convention Center, and — along with Los Angeles — has been viewed as one of the most prestigious shows for automakers to use to introduce new products,” according to Automotive News. “However, like other auto shows, high fixed costs and stiff internal competition for marketing dollars have many automakers re-examining the shows' value.”
  • Walmart Takes On Amazon, Kroger With New Technology
    Walmart is testing a system that uses autonomous carts to retrieve ambient, refrigerated and frozen items ordered for online grocery. The aim is to enable quicker, more efficient picking of online grocery orders at the store level. The Alphabot system operates inside a 20,000-sq.-ft. warehouse-style space. After it retrieves the products Alphabot delivers them to an in-store workstation, where a Walmart associate checks, bags and delivers the final order, according to Chain Store Age.
  • Molson Coors Inks Canadian Deal With NHL
    Molson Coors and the National Hockey League have announced a multi-year extension of their partnership, continuing Molson Canadian's long-standing position as an official beer of the league in Canada. Last month, Anheuser-Busch and Canadian subsidiary Labatt announced a multi-year, multi-faceted partnership with the NHL, which named Bud Light an official beer of the league in the U.S. and Budweiser an official beer partner in Canada.
  • Chicago Airports Offer Marijuana 'Amnesty' Drop Boxes
    The city of Chicago has set up cannabis amnesty boxes at O'Hare and Midway airports where travelers can drop weed instead of taking it on a plane. The boxes were installed at each airport just as legal weed sales began in Illinois on Jan. 1. “The police aren’t targeting travelers with cannabis, and it’s not illegal to have it at the airport,” according to the Chicago Tribune. “But possessing marijuana is still illegal under federal law, and air space is regulated by the federal government.”
  • Impossible Foods Ends Talks With McDonald's
    Impossible Foods, the company behind Burger’s King’s Impossible Burger, says it cannot produce enough of its imitation meat to partner with McDonald’s. “Impossible Foods and its rivals are duking it out over partnerships with fast-food chains to cash in on the roughly $3,500 per person average that Americans spend each year on food away from home,” according to Reuters. McDonald's launched a 12-week test in the fall of a plant-based "PLT" burger in Canada, using patties made by Beyond Meat, which told Reuters that its talks with McDonald’s are going  well.
  • Hyundai, Uber Collaborate On Flying Taxi
    Hyundai and Uber announced at the Consumer Electronics Show that they are partnering to develop an all-electric air taxi that would be part of a future “aerial ride-share network.” Analysts with Morgan Stanley have said they expect urban air taxis to be common by 2040.  “At least 20 companies are working to that end, including start-ups, the aircraft manufacturers Boeing and Airbus, and automakers like Toyota and Porsche,” per The New York Times.
  • NFL Rocket Mortgage By Quicken Loans As Official Sponsor
    The NFL has inked a multiyear deal with Rocket Mortgage by Quicken Loans, naming it the NFL’s first official mortgage sponsor. The sponsorship starts with Super Bowl LIV, during which the company will oversee a Rocket Mortgage Super Bowl Squares Sweepstakes, offering more than $1 million. Quicken Loans, originally Rock Financial, was founded in 1985 by Dan Gilbert, majority owner of the NBA’s Cleveland Cavaliers.
  • Sex Toys Return To CES
    What’s the Consumer Electronics Show without some orgasm-inducing devices? You can thank Lora Haddock DiCarlo. “We want to reshape how people think about sex tech,” says the CEO and founder of the company that bears her name and markets such products, according to USA Today. “We shamed pleasure (tech) for so long.” DiCarlo says the inclusion of sex tech exhibitors is all about normalizing the way people talk about a subject deemed by some as off-limits.
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