buyer
Boutique Fashion Brokers Make Virtual Trade Show Platform
Source: http://gizmodo.com/5923780/boutique-fashion-brokers-pioneers-the-virtual-trade+show-platform
In the age of e-commerce and business meetings held over Skype, the travel and lodging expenses of attending a trade show are increasingly difficult to justify. And If you’re an emerging independent designer or the owner of a fashion boutique anywhere other than LA or NYC, scouting for new items and securing the right connections to get your product seen by the right people can be cost prohibitive.
Kassondra Dyebo, CEO and managing director of Boutique Fashion Brokers, believes there’s a better way.
BFB is a “B2B membership-only community, created for up-and-coming fashion brands and boutiques to discover and do business with one another through their own private virtual showrooms.”
Dyebo first conceived of the idea for BFB while working as a buyer in Montreal and attending trade shows herself. They’re huge, tiring, overwhelming conventions that require much schlepping and stamina. And BFB, which launched in February of this year, is the trade show’s efficient opposite.
With a low-fee membership, boutique buyers are able to browse BFB’s online inventory, which is navigable by all manner of categories and sub-categories, and can be added to a multi-branded line-sheet, from which to request samples. While designers can use the platform to host their own virtual showroom, where they can showcase their collection(s), look-book(s), and press.
Two things that Dyebo believes make BFB a valuable resource are the premium placed on member privacy (buyers have no way of knowing with whom they are in direct competition, and designers only know who browses their wares once an item has been placed on a “Watch” list or a sample has been requested), and the user-friendly features in place to meet all their members’ needs (BFB’s system allows them to keep track of sales, orders, and shipments, as well as all pending and completed transactions).
Dyebo doesn’t believe the day of the old-school trade show is over, only that—at least in some industries—there is an opportunity online to improve the entire experience. “What inspired me,” she says, “was the fact that I couldn’t travel to all the tradeshows and scout out all the talent around the world.” Problem, solved.
Thanks, Kassondra!
Netflix’s Bad Stock Timing (NFLX)
Source: http://www.businessinsider.com/chart-of-the-day-netflix-2011-11
Netflix “is showing investors how not to buy and sell stock,” says the Bespoke Investment Group.
Last night it sold $200 million worth of stock at $70 a share. It had to sell that stock as part of a deal to raise another $200 million in the form of convertible notes. The financial moves will dilute shareholders by about 10%, according to Credit Suisse.
The timing is really embarrassing for Netflix because it spent $200 million buying back shares at an average price of $218 during the first half of the year.
Buying high and selling low is not how you should do it.
For what it’s worth, as you can see in the chart below, Netflix’s timing wasn’t always terrible! It was pretty smart buyer until the second quarter of 2011.
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See Also:
- CHART OF THE DAY: A Really Scary Chart For Yahoo
- CHART OF THE DAY: Are You Ready To Buy The Yelp IPO?
- CHART OF THE DAY: Here’s How Traders Did Flipping Groupon, LinkedIn, And Pandora Stock On IPO Day
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AdAge: AOL to Sell or Shut Down Bebo in 2010
Move Comes Just Two Years After Portal Spent $850 Million to Acquire Social Network
NEW YORK (AdAge.com) — AOL will shut down social-networking service Bebo if it can’t find a buyer, the company said in a memo to staff on Tuesday.
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