Consumer

Home Consumer
Bitcoin Is COVID Immune!
Post

Bitcoin Is COVID Immune!

The SARS-CoV-1 coronavirus pandemic has left a significant footprint on the global economy. For this reason, it had a substantial impact on the behaviour of all financial instruments, including cryptocurrencies. It turns out that the fluctuations experienced by the virtual currency market during this period reflect changes in other capital and commodity markets. This market...

How Can Fashion Brands Respond to Consumers’ Prioritization of Social Values?
Post

How Can Fashion Brands Respond to Consumers’ Prioritization of Social Values?

The fashion and luxury segments of the market are synonymous with carefully curated branding and strict reputation management, which have been tested significantly amid the onset and continued impact of the COVID-19 pandemic. Against that background, management consultancy McKinsey & Company, together with the Business of Fashion, have recently published a report titled The State...

Chanel is Maintaining a “Monopoly” With the Help of Big-Name Retailers, Publishers, The RealReal Claims in New Filing
Post

Chanel is Maintaining a “Monopoly” With the Help of Big-Name Retailers, Publishers, The RealReal Claims in New Filing

Chanel is actively engaging in an “overarching anticompetitive scheme” in order to limit the supply of its products in the market, “inhibit the growth and development of competitors, and artificially raise and maintain [its] prices,” and it has had help from prominent publications and big-name luxury fashion retailers in doing so. That is what The...

LVMH, Tiffany Reach New .8 Billion Deal, Agree to Settle Legal Dispute
Post

LVMH, Tiffany Reach New $15.8 Billion Deal, Agree to Settle Legal Dispute

LVMH Moët Hennessy Louis Vuitton and Tiffany & Co. have managed to salvage their deal, with the French luxury goods conglomerate agreeing to pay a few dollars less per share to acquire the New York-based jewelry company. In a statement on Thursday, the parties confirmed that LVMH will pay $131.5 per Tiffany share, down from...

The Unending Waste Management Challenge – Are We at Our Wits’ End?
Post

The Unending Waste Management Challenge – Are We at Our Wits’ End?

The problem of waste management has become persistent. It is a challenge that is growing in bounds and depths as the world’s population surges. Are we at our wits’ end? Waste management would need a radical change. According to Beatrice Obule-Abila’s doctoral dissertation at the University of Vaasa, Finland, this change could be achieved through...

Customers Prefer Partitions Over Mannequins in Socially-Distanced Dining Rooms
Post

Customers Prefer Partitions Over Mannequins in Socially-Distanced Dining Rooms

Restaurants around the world were forced to shut down their dining rooms at the onset of the COVID-19 pandemic earlier this year to comply with stay-at-home orders. While many operations closed for good, others reopened at limited capacity several weeks later, sparking creative solutions to enforce social distancing guidelines, including utilizing mannequins. Others were more...

How Consumers Responded to COVID-19
Post

How Consumers Responded to COVID-19

The unpredictability of the COVID-19 pandemic and its impact on people’s daily lives has facilitated changes ranging from social interactions to purchasing behavior. Adjusting to the many disruptions may seem difficult, but people are more adaptive than you might think, according to findings published in the October 2020 issue of the Journal of Consumer Research. The...

Alcohol Use Changed Right After COVID-19 Lockdown
Post

Alcohol Use Changed Right After COVID-19 Lockdown

One in four adults reported a change in alcohol use almost immediately after stay-at-home orders were issued, according to a study of twins led by Washington State University researchers. The study, published recently in Frontiers in Psychiatry, surveyed more than 900 twin pairs from the Washington State Twin Registry from March 26 to April 5, 2020, just...

Machine Learning Predicts How Long Museum Visitors Will Engage with Exhibits
Post

Machine Learning Predicts How Long Museum Visitors Will Engage with Exhibits

In a proof-of-concept study, education and artificial intelligence researchers have demonstrated the use of a machine-learning model to predict how long individual museum visitors will engage with a given exhibit. The finding opens the door to a host of new work on improving user engagement with informal learning tools. “Education is an important part of...

A Circular Economy Could Save the World’s Economy Post-Covid-19
Post

A Circular Economy Could Save the World’s Economy Post-Covid-19

The Covid-19 pandemic has challenged all facets of human endeavours, and seven months later the economic effects are particularly being felt. How the world can leverage the positive and negative effects of COVID-19 to build a new, more resilient and low-carbon economy has been analysed by a group of academics led by WMG, University of...