It’s no secret that Abercrombie & Fitch has been declining here in the U.S. Their edgy styles and seductive models with a splash of ivy league prep were once appealing to young consumers, but today, the company is failing to draw in customers. The main critique: the company is failing to change with the times.
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This past Friday, Netlflix’s stock rose by as much as 3% as the Postal Regulatory Commission said that, for now, the price the company pays to mail its DVD to members will stay the same.
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HP has been struggling in recent years to maintain it’s dominance in the printing and computing industry. For years, the company has been known for its printers and being an industry leader in PC sales, but now it looks as though that power is beginning to wane.
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The United States Postal Service has been in bad shape for a long time. The government service has not turned a profit in God knows how long and with growing competition from companies like FedEx, UPS, and (to a greater degree) email, the Postal Service is struggling to stay relevant in today’s world.
Read moreThis is the latest trailer for The Last of Us from Naughty Dog, the team behind the Uncharted Series. Right now little is known about the game except that it takes place in a world ravaged by a virus. What’s amazing about the trailer is not the graphics (though they do look stellar) or even the story line. It’s the marketing. This little teaser is enough to get any viewer salivating. It does not matter if you’re a fan of Naughty Dog or even a fan of video games, the trailer does a great job at building buzz for a AAA title. Right now, there is no official date for the game, but buzz building is clearly well underway and done in a very tense and cinematic way.
The other day I was looking to find a good book. Something to read during my free time. I did not have a book in mind, so I decided to just go to the closest Barnes and Noble and just wander the aisles looking for anything that grabbed my attention. 15 minutes later, I realized all the bookstores in my neighborhood had been shut down.
Read moreIn the most recent edition of The Economist, an article discusses a surprising link between business and Mormonism. More specifically, many successful and prominent businessmen happen to be Mormon. Mitt Romney, David Neeleman (Jet Blue), Eric Varvel (Boss of Credit Suisse’s investment bank), and Harris Simmons (head of Zions Bankcorporation), to name a few. Does being Mormon have anything to do with their success?
The article focuses on the work ethic many Mormons are exposed to at a young age and the tradition of missionary work which instills dedication and entrepreneurship in overwhelming odds. This could very well be the reason why so many Mormons have found success in business later on in life. Could it be coincidence? I believe it’s more than that, but check out the article and judge for yourself.
The Mormon Way of Business
Within the video game industry, the topic of the used video game market is both a sensitive and somewhat controversial one. On the one hand, developers argue that the used market eats into their profit margins, but on the other it’s a great way to introduce customers to a franchise they would ordinarily have no interest in. Now many developers argue that it hurts innovation. I beg to differ.
Read moreOnce upon a time, Netflix was the darling of the video rental and streaming industry. Rocketing to fame, Netflix redefined the business and single handedly put an end to brick-and-mortar rental stores (we’re looking at you Blockbuster). Now Netflix is suffering from harsh consumer blacklash, criticism, and intense competition. Where does the company go from here?
Read moreIt’s no secret that traditional news media is struggling to maintain the interest of younger generations. With millions of people turning to social media outlets such as Facebook and Twitter to get their news, traditional news is struggling.
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