Thanks Elizabeth! I worked above the New York flagship store, and the only aspect that surpassed Harry Winston’s jewelry in beauty was its price! I’m concerned about the sustainability of charging such a high markup on jewelry, especially with the strong US dollar and the Chinese and Russian economies stalling. Can their business survive with decreased international demand?
Thanks for this Jordan! I had a bit of sticker shock at the initial price and subscription fee. Peleton seems like an economical alternative for the religious Soul Cycle customers, but I’d be interested to see how they plan on tackling more social Soul Cycle users who go with friends. I also think it might be tough to attract users seeking more variety in their workouts (i.e. the yoga / Soul Cycle / Barry’s Bootcamp users). I wonder if they plan to roll out a yoga / cross training / body weight system + class that would accomplish the same network effect while toning down the upfront capital cost.
Thanks for this! It seems Goldman’s (and other banks’) new HR policies are meant to make banking a more sustainable career path; however, they don’t seem to fix the root cause of the inefficiencies in a typical investment banking group. Do you think banks understand these inefficiencies and are making these changes are part of a broader strategy to correct them? Or is there a general lack of understanding of the issues with the operating model? Given that the percentage of MBA grads going to financial services is declining rapidly, I would think this would be top-of-mind for investment banks.