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After COVID-19, When Will Las Vegas’ Tourists Return?

From 2007 to 2009, the Great Recession affected Las Vegas more than anywhere else in the United States. The Las Vegas’s economy will, once again, be dealt a difficult hand as a result of the COVID-19 global pandemic, according to Stephen M. Miller, director of the Center for Business and Economic Research (CBER) and economics professor at...

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Outcomes Vary for Workers Who ‘Lawyer Up’ in Employment Arbitration Disputes

Conventional wisdom dictates that workers who “lawyer up” in workplace disputes would be more likely to improve their chances at securing a better outcome, but in an alternative dispute resolution context such as arbitration, employers can all but cancel out those positive effects, says a new paper by a University of Illinois expert who studies...

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Alibaba’s $38 Billion-Plus in Single’s Day Sales Top Last Year in New Record

Concerns abound about whether Chinese consumers will continue to splurge on luxury goods and other “non-essential” items, with Sanford C. Bernstein revealing “weakening discretionary spending” and “more muted” demand from Chinese customers, thereby, suggesting that “the luxury-goods sector may be close to a ‘temporary plateau.’” While such news does not bode well for luxury brands, according to...

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Monopolizing and Monetizing a Color: What is the Value of Tiffany & Co.’s Trademark Blue Hue?

LVMH Moët Hennessy Louis Vuitton is vying for Tiffany & Co. The Paris-based luxury goods conglomerate made a $14.5 billion play for the American jewelry stalwart last month, in furtherance of a quest to bolster its offerings in the fast-growing jewelry market. Just as analysts predicted, Tiffany’s board reportedly rejected LVMH’s initial, unsolicited offer to seek a...

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Embracing Sustainable Practices Would Help Some Winery Tasting Rooms Stand Out

Wineries in the mid-Atlantic region should consider recycling and encouraging their customers to bring bottles to their tasting rooms for refilling to distinguish their businesses from so many others, according to a team of wine-marketing researchers who surveyed consumers. With competition to attract visitors stiff and still growing among the hundreds of wineries in the...

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Women CEOs Judged More Harshly Than Men for Corporate Ethical Failures

People are less likely to support an organization after an ethical failure if the business is led by a woman, according to a study published by the American Psychological Association. However, organizations led by women endure less negative backlash for competence failures than those headed by men. “Our study found that consumers’ trust in, and...