The modern customer likes renting clothes because it is environmentally friendly and offers more variety, says Evan Clark, Deputy Managing Editor at WWD. In the future, people will lean in on the idea of "having fewer, better things," he says.
E-commerce today exists primarily for speed and convenience. Jet.com wants to change that. "We really want to bring back the positive emotion that came with shopping all along," says David Echegoyen, the online retailer's chief customer officer.
The social media app said Drew Vollero would resign his position, effective May 15, and be replace by Amazon's Tim Stone, who'd been with the e-commerce giant since 1998.
The modern consumer "wants the right product, at the right time, in the right way,” says Christine Hunsicker, CEO of Gwynnie Bee, a subscription clothing rental service.
Future retail outlets will integrate artificial intelligence, virtual reality, and voice technology. "This idea of going to a 2D kind of screen and punching in, that's not the future," said Marc Lore, Walmart’s U.S. e-commerce president and CEO.
The wedding registry platform, which recently raised $100 million in fresh funding, is looking to expanding into every step of the wedding planning process "from engagement through to the first year of marraige," says CEO Shan-Lyn Ma.
Warren Buffett isn't betting on bitcoin anytime soon. Over the weekend at the Berkshire Hathaway annual shareholders meeting, Buffett said the digital currency is "probably rat poison squared." Buffett has long been skeptical about cryptocurrencies. At the conference, Buffett also made headlines when he said he regretted not investing in Amazon and Alphabet.
Starting Monday, Tesla will start kicking out contract workers unless a fulltime employee can vouch for them. In an email to employees, Elon Musk said Tesla employees will need to send HR a note affirming the character of the contractor, or else that person will be denied access to Tesla's facilities. Tesla employs around 40,000 people worldwide.
And we speak to Shan-Lyn Ma, co-founder and CEO of Zola, about the company's latest funding round. Zola has worked on improving the wedding registry process for couples. With this new funding, Ma says Zola will work to ensure every part of the wedding planning process is seamless, from budgeting to the honeymoon.
Zachariah Reitano's Roman Health is using the treatment of erectile dysfunction to save lives by helping men discover the sometimes very serious underlying causes of the condition.
David Klein, CFO of Constellation Brands, the owner of Corona, Modelo, and Pacifica, says Cinco De Mayo is not just great for sales, but allows the company to win the retail floor straight through summer.
Brian Deagon, senior reporter at Investor's Business Daily, says he understands why the Tesla CEO would be agitated by short sellers and hearing the same questions about production and cash flow every quarter.
