“Weekly news summary” to look back on breaking news. This time, we will cover interesting news from November 4th (Friday) to November 10th (Thursday), as well as the news introduced on Modern Retail[Japan version]Twitter.
This is the media “Modern Retail[Japan Version]is an article from
* Modern Retail[Japan version]is a vertical site within DIGIDAY[Japan version]
MR Briefing provides news that modern retail is watching about the challenges and trends facing the volatile retail industry.
The latest news to keep in mind
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Home-fitness device Peloton founder John Foley launches custom-cut rug startup Ernestoannounced(From Forbes).
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Elon Musk-owned Twitter says some advertisers have paused campaignsreported. This includes brands such as General Mills, Mondelez and VW, according to WSJ.
Department store Macy’s said it plans to invest $30 million in minority-owned businesses over the next five years. The funding will come in the form of both loans and growth funds (via NY Times).
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ーー[Original:What I’m reading written by MARIA MONTEROS]
(Translation and editing: Yoshiko Toda)
MR News Review
“MR News Review” to look back on breaking news.This time, from November 4th (Friday) to November 10th (Thursday), Modern Retail[Japanese version]TwitterWe have summarized the news for you.
Netflix announces new plans with commercials
Netflix has officially launched a new plan “Basic with Ads” in the United States, which includes commercials of about 4 to 5 minutes per hour. The monthly fee is $6.99 (about 1020 yen) (according to CNN).https://t.co/8YEjZ81K7o
— Modern Retail[Japanese version](@modernretail_jp) November 5, 2022
Twitter to advance into payment services
Twitter said it submitted documents that “pave the way for payment processing.”Elon Musk in 1999https://t.co/uqaWD0vkd3and was an early leader in online banking (according to NY Times).https://t.co/jpYPJ9CsG2?
— Modern Retail[Japanese version](@modernretail_jp) November 10, 2022
Edited by Yoshiko Toda
