Four-Year-Old And Five-Year-Old Just Became CEOs With Their Own Fashion Label

Back in June, sisters Mia and Tatiana Escalante made headlines in Australia when they turned up at Australian Fashion Week in matching outfits. And before that, they had already amassed a strong Instagram following for their adorable getups.

Now, the Sydney-based duo, aged five and four, are launching their first apparel line in a brand of their own, the Mia x Tati Store.

The label’s pieces echo what the sisters look for in fashion; clothes are comfy and allow the wearer to run and move around freely.

The Mia x Tati Store features chic, gender-neutral outfits that put comfort at their forefront.

Outside the business, the siblings are kindred spirits and enjoy dressing up in coordinated outfits. Their camaraderie shows on their Instagram account, which now has drawn 748,000 followers since their parents opened it two years ago. In almost no time at all, they were scoring partnerships with brands.

“It just made sense for the girls to start their own fashion brand that really represents their style and show how simple it is to create trendy looks with everyday essentials,” the young fashionistas’ mother, Nga Escalante, told Daily Mail Australia in an interview.

Source: DesignTAXI

Dollar Tree Is Raising Its Prices To $1.25, Officially Breaking The Buck For Good

Dollar Tree is officially breaking the buck.

The discount chain announced Tuesday in its third-quarter earnings results that it will now sell the majority of its $1 items for $1.25 after testing higher prices earlier in the year.

In a call with investors, CEO Michael Witynski said that the new price regime will allow the company to bring back items that were previously abandoned — because of its $1 price constraint — and enable it to return profit margins to their longstanding levels of 35% to 36% next year. 

Dollar Tree, which also owns Family Dollar, was the last of the major dollar store chains in the US to stand by its $1 commitment for more than 30 years even as investors piled on the pressure for it to raise prices. 

Witynski said that by raising prices to $1.25, the company has more flexibility to absorb rising supply chain and labor costs that are biting into profit margins. 

On top of this, the company said it is expanding its higher-priced Dollar Tree Plus line of goods, which includes items that mostly cost between $3 and $5, to more stores. It plans to roll out the line to 5,000 stores by 2024, it said. 

For the moment, Witynski is promising to stand by the $1.25 price to keep things simple for customers, he said on the call. 

While analysts say the price increase will allow the company to return to its historic 35% margin levels (gross margin was 27.5% of net sales in the most recent quarter), there’s a risk that its customers could be turned off by this. 

“That risk is reduced customer traction, smaller basket sizes, and some erosion of the value credentials Dollar Tree is renowned for,” Neil Saunders, managing director of Global Data Retail, said in a note to clients Tuesday. “The simple fact is that many of Dollar Tree’s customers are feeling the heat of inflation on their spending power, and they won’t simply absorb such a large price lift,” he added.

Source: Business Insider

Digital marketing firm president and CEO Jason Wood (Actionable Insights) says he ‘got hammered’ when mocking bartender and calling her a racial slur

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Wood, president and CEO of the digital marketing firm Actionable Insights, called Out of the Barrel bartender Rebecca Hernandez a “Sand (expletive) mother (expletive).”

Hernandez wrote on social media that she started video recording the incident because she felt uncomfortable and unsafe and “tasked with filming our own abuse to prove that it actually happened.” She posted the video with her comments on social media.

In a telephone interview Wednesday with The Bee, Wood admitted that he was drunk at the bar and expressed remorse for his behavior.

The video shows Wood apparently mocking Hernandez’s voice.

After Hernandez is heard making a phone call to request someone to come to the restaurant, Wood says: “I’m leaving. Don’t worry about me. Don’t worry about me, Saudi Arabia.”

When Hernandez asks what Wood said and if she was called Saudi Arabian, Wood replies: “You’re (expletive) stupid like they are.”

Source: The Fresno Bee

San Francisco tech CEO Michael Lofthouse (Solid8) said he ‘lost control’ when spewing racist rant towards Asian family celebrating a birthday at Bernardus Lodge and Spa’s Lucia restaurant

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Raymond Orosa and his family were having dinner at Carmel Valley restaurant Lucia. “We were there just celebrating, having fun,” said Orosa.

The fun quickly disappeared as the man at the table next to them began ranting. “Suddenly I hear this loud voice, you know like f’ing Asians,” said Orosa.

Michael Lofthouse gave the family the finger, then said, “Trump’s gonna f— you. You f—— need to leave. You f—— Asian piece of s—-.”

“He was full of hate and anger,” said Orosa. “It’s sad that there are still people that are like that in this world, let alone in this country,” he continued.

A Lucia employee quickly stepped in. “Get out, you are not allowed here. You do not talk to our guests like that. They are valued guests. Get out!”

Source: ABC 7

Creative agency founder and CEO Melissa Rein Lively (The Brand Consortium Public Relations, TBCPR) trashes face mask display in Target, tells police she’s a spokesperson for The White House

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An Arizona woman, dubbed the latest “Karen” by social media, filmed herself destroying a face mask display inside a Target store over the weekend.

In the footage, Melissa Rein Lively, who runs a public relations company in Scottsdale, can be heard going on an explosive rant as she points the camera at a display of protective face coverings.

“Finally we meet the end of the road. I’ve been looking forward to this s–t all my f–king life,” says Lively in the video, which has been viewed 5.9 million times.

A second video, also recorded on Instagram Live and which has been viewed 2.6 million times, showed the aftermath of the Target mask debacle: Police officers are seen inside Lively’s garage.

When the officers confront Lively, she informs them she’s a spokesperson for the White House and she can’t share “classified information.”

Source: NY Post

Reddit changes logo in support of #BlackLivesMatter and co-founder Alexis Ohanian resigns; asked to be replaced with black candidate

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Current CEO Steve Huffman posted a letter to Reddit employees on June 1 outlining support for the Black Lives Matter movement, but it did not include specific actions the company was taking. The logo will remain black for eight days, in symbolism of the number of minutes Minneapolis police office Derek Chauvin held his knee on George Floyd’s neck.

Today, Reddit co-founder Alexis Ohanian announced his resignation from his role on the board of directors and asked to be replaced with a black candidate. He has also donated one million dollars to Colin Kaepernick’s Know Your Rights campaign, and said he will funnel all future gains on his Reddit stock to benefit the black community.

Source: SF Gate

Whole Foods CEO reportedly recommends that employees ‘donate’ PTO to one another amidst the coronavirus pandemic

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Whole Foods CEO John Mackey reportedly sparked some ire by suggesting that employees “donate” their paid time off to coworkers sick with the coronavirus.

Vice’s Motherboard reported that Mackey sent out an email to store-level workers on Wednesday, outlining company protocols and benefits amidst the COVID-19 pandemic. His memo included a note highlighting the grocery company’s longstanding policy of allowing employees to “donate” PTO to sick or grieving coworkers “across the country.”

Source: Business Insider