Today in the Connected Economy: Abercrombie ‘Getaway’

In today’s connected economy, clothing retailer Abercrombie & Fitch is testing a new concept store called The Getaway, designed to appeal to younger consumers.

And Blue Apron’s CEO says customers don’t seem unfazed by the price hike, and the Whole Foods co-founder is planning his post-retirement career.

Rise of concept stores continues as Abercrombie tests new ‘Getaway’ brand

Clothing retailer Abercrombie & Fitch (A&F) is testing a new store concept this week called The Getaway.

A&F said the concept is intended to capture the mood of preparation for a long, stylish weekend with products aimed at millennials and Gen Z shoppers.

Carey Krug, Head of Marketing at the company, said:

Blue Apron CEO: Meal Kit Customers Face Price Increases

Price increases implemented by Blue Apron have had little impact, the meal-kit company said when discussing its latest earnings.

Blue Apron’s president and CEO, Linda Findley, told analysts which factors the company researched would cause customers to churn, and which had a surprisingly low impact.

Examining the behavior of people who “chosen not to order” from the company, “through focus groups, surveys, and very detailed data analysis,” Blue Apron determined that the pricing action did not adversely affect sales. .

“The difference between price changes and macroeconomic factors is very clear and allows us to think very effectively about communications, marketing programs and pricing,” says Findley. “And we know that most of what we’re looking at is macroeconomic rather than directly related to price changes.”

Whole Foods co-founder launches restaurant, wellness chain

The Whole Foods Market co-founder plans to launch a series of vegetarian restaurants and wellness centers after retiring from the Amazon-owned grocery chain in September.

John Mackey’s Healthy American wants to open a national network of restaurants and wellness centers that offer spa and fitness services.

Company literature calls Healthy America “an evidence-based lifestyle company that leads the convergence of cooking, healthcare and wellness.” For the first time, he brings all three together under one roof to meaningfully transform the health and well-being of individuals. “

Crypto Compliance Officers Face Additional Pressure

Cryptocurrency compliance officers and legal experts are under increasing pressure as the industry faces greater scrutiny and fears regulators will hold companies personally accountable for their affairs. exposed to

This is according to a Wall Street Journal report, which says these professionals face greater personal responsibility, but few resources are available to those at traditional financial firms.

“There is more risk because there is no clear rulebook,” Jeff Horowitz, chief compliance officer at cryptocurrency management firm BitGo, told the WSJ.


New PYMNTS Survey Finds 3 in 4 Consumers Have Strong Demand for Super Apps

about: A new PYMNTS study, “The Super App Shift: How Consumers Want To Save, Shop And Spend In The Connected Economy,” in collaboration with PayPal, collected responses from 9,904 consumers across Australia, Germany, the UK and the US. Analyzed. It also showed a strong demand for a single multifunctional super app instead of having dozens of separate apps.

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