After increasing consumer spending for two years on items such as patio furniture, garden supplies, cookware and other household products, major retailers are selling surplus items to liquidators at deep discounts. as such New York times According to reports, many consumers have decided to direct their income towards necessities such as food and gas as inflation drives up prices, stemming the shopping spree caused by the pandemic and causing widespread buyer remorse: In 2021, shoppers returned an average of 16.6 percent of purchases , up from 10.6 percent in 2020 and more than double the rate in 2019. Now, the unprecedented surplus in inventory is prompting some liquidators to open new facilities through which they will search for new buyers and markets for discounted goods.
Last week, users on Instagram (including Kim kardashian And the Kylie Jenner) It began circulating petitions and posts asking app creators to roll back features that can be found on the premier video platform TikTok. In recent months, the Instagram algorithm has shifted to favoring Reels — short videos similar to those on TikTok that bring in more than $1 billion a year for parent company Meta — and recommended image posts (read: ads) over organic content posted by accounts the user follows. as a response, Take Crunch Reports, Chief Instagram Adam Mosseri It announced a number of changes to address users’ concerns, including temporarily reducing the number of recommended posts and phasing out the TikTok-like full-screen video feature on the home screen. However, Mosseri said Instagram will continue to rely on video features moving forward.
Design Miami’s Paris fair, which was originally scheduled for October, will now be postponed until 2023. The decision comes after the originally planned exhibition venue at Place de la Concorde was hampered by restrictions on the public event in Paris, requiring Design Miami to secure Your site alternative. according to art newspaperthe new city police commissioner rejected the proposed site for the exhibition due to “security issues” related to the site, which is located near a public square in central Paris.
Restorative sleep technologies company Bryte Inc. On a $20 million investment round led by Tempur Sealy International. Bryte is primarily known for its flagship product, The Restorative Bed, with in-bed technology that allows users to improve their sleep by collecting data and providing comfort adjustments accordingly. Besides financing, both companies have announced plans to collaborate on future products, services and technology.
Butlr – a body temperature sensor startup that spun out of MIT Media Lab – has announced the completion of a $20 million Series A funding round, Take Crunch reports. The company’s technology uses thermal sensing and artificial intelligence to collect data on space occupancy activity. Founders Honghao Ding And the Gianni Zeng Building a sensor platform to help companies measure space requirements for hybrid business setups. With the new capital, the company plans to focus on product development and expanding its workforce.
Courtesy of IKEA
Launch and Collaboration
Ikea has teamed up with five Asian social entrepreneurship companies from India to Vietnam – including Classical, Ramesh Flowers, Doi Tung, Spoon and Cytex – for a product collaboration designed to provide long-term employment opportunities for those living in high-risk areas. Each company was selected for its commitment to improving the livelihoods of marginalized groups—for example, Vietnam-based denim maker Saitex strives to build a workforce where 20 percent of employees will be differentially qualified or young people from disadvantaged backgrounds by 2025. The Vårdande Sustainably Collected Using locally sourced materials and incorporating items such as kimonos, yoga mats, baskets, soft storage solutions, bowls, planters and more.
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Instead of going down All pray love way, the next generation of single women are rediscovering themselves closer to home. as such Jennifer Miller Reports on New York times, an increasing number of women (some driven by separation) are discovering independence and empowerment through real estate investing or by becoming property owners and managers. In contrast, industry-specific groups such as Lady Landlords and Real Estate InvestHer have emerged to provide community and support. Meanwhile, this article on social media has sparked a sometimes stinging debate: Can property ownership really be linked to personal fulfillment?
Earlier this year, a hotshot real estate developer Nile theyIt ended its quest to sell the country’s most expensive real estate listing, worth $500 million. for The Wall Street JournalAnd the Catherine Clark He explains the saga, beginning with Niamey’s origins as the heart of a home in the San Fernando Valley in the 1990s, leading to his recent efforts to build a massive complex of nearly 105,000 square feet with a nightclub and five swimming pools—an endeavor that he hoped would revolutionize the real estate industry. (Spoiler alert: It didn’t happen).
Courtesy of Etsy
The winners of the Etsy Design Awards have been announced, highlighting a group of emerging creative entrepreneurs who were selected by a panel that included The Expert Designers. brigitte romanicAnd the Jake Arnold And the Jenna Lyonsalong with an Etsy trend expert Dina Isom Johnson. In addition to the list of winners in Home Décor, Lighting, Furniture, Kitchen, Dining, Art and Vintage, the competition chose the grand prize winner – Modern Geometric Wall Hanging by seller WeAreLunarium – and the People’s Choice winner, which went to a convex mirror by seller SurreyWoodsmiths. For the full list of winners, click here.
Homepage image: Items from Ikea’s new Vårdande collection | Courtesy of IKEA