As retailers have been battered by the coronavirus, one luxury S&P 500 stock has defied the slowdown. Tiffany & Co. still trades within $5 of its all time high. Worryingly for the jewelry manufacturer, Google Trends data show search interest for engagement rings is at a 13-year low. As the coronavirus ravages consumer spending, one…
Online consignment company The RealReal is the latest tech company to lay off and furlough employees amid the COVID-19 pandemic. In the company’s quarterly earnings report today, The RealReal announced layoffs affecting 10% of its workforce and furloughs impacting 15% of employees. By doing so, The RealReal says it will be able to reduce its…
Real estate is a big business in the sprawling city of Los Angeles and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence, which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of…
