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The Adventure Entertainment Cos. LLC / all Real Estate Industry News (Page 6)

Mirror the at-Home Fitness Company to be Acquired by Lululemon

09.09.2020 Consumer Products Fresh Monitor, News about malls and shopping centers

AEC’s Consumer Products Monitor

 

Lululemon’s $500 million acquisition of Mirror is a fascinating moment in the Convergence Era.   With the deal, Lululemon evolves its brand further into consumer lifestyle and with a decided new technology edge.    Mirror offers live classes weekly through its wall-mounted mirror device in addition to on-demand workouts and one-on-one personal training sessions.  The company is a competitor to Peloton.

 

The Mirror acquisition come as the retailer achieved surprising Q2 2020 sales results, actually achieving increased quarterly revenue during the Pandemic as compared to Q2 2019.   Lululemon’s Q2 results were propelled by its online sales being up 157% year-over-year.  The retailer’s sales at company-operated stores actually dropped 51% from the same quarter last year.

 

CNBC reported on Lululemon’s acquisition of Mirror on June 29:  Lululemon to acquire at-home fitness company Mirror for $500 million.

Destination Meetings are Starting to Occur Again; Some Lessons Learned

03.09.2020 Covid-19 impacts and recovery, Economic Development Growth Monitor, News about hotels and destination resorts

SCP’s The Growth Monitor

 

Several large conferences, as well as smaller meetings and events, have taken place around the country in a kind of “test case” scenario, according to the online resource BizBash.   Each of the events described by BizBash were successfully produced and with no follow-on COVID-19 cases reported.   Of course, each of the gatherings took place with intense safety measures in place.

 

These recent events are extremely helpful to economic development professionals around the U.S. and around the world.   Most metro areas count on the meetings industry and its ancillary hotels and resorts, transportation, F&B, and off-site activities, to provide local employment and tax revenues.

 

Professional meeting planners are quickly adapting and embracing safe meeting practices, and taking advantage of emerging “lessons learned” from first efforts.    With this backdrop we believe that metro areas accustomed to hosting destination meetings, re-starting this important economic activity is possible.

 

The BizBash article is a must-read for anyone wanting confidence to get their event scheduling underway.   The September 2, 2020 post at BizBash.com is available here: Meetings Are Still Happening Around the Country. Here’s What They Look Like.

A Code for Age-Appropriate Design of Digital Experiences, is now in Effect in the UK

02.09.2020 Consumer Products Fresh Monitor

AEC’s Consumer Products Monitor

 

At a time when consumer privacy concerns are increasing around the world, the UK has emerged with a new code for children’s digital experiences.   The ICO (the UK’s Information Commissioner’s Office) has created the Age Appropriate Design Code, which comes into force from today, with a 12 month transition period.   The Age Appropriate Design Code is intended to protect children, and is aimed at designers and developers of online services and products.  The code is a set of 15 standards that these designers should follow so as to comply with the data protection law, and includes things like making sure the privacy settings are set to ‘high’ by default.

 

According to the ICO website, ” … Data sits at the heart of the digital services children use every day. From the moment a young person opens an app, plays a game or loads a website, data begins to be gathered. Who’s using the service? How are they using it? How frequently? Where from? On what device?   For all the benefits the digital economy can offer children, we are not currently creating a safe space for them to learn, explore and play.   This statutory code of practice looks to change that, not by seeking to protect children from the digital world, but by protecting them within it.”

 

The ICO office provides details about the new code on its website at:  Age appropriate design: a code of practice for online services

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