EP 40: Sock Loafers

Brick & Data

Nike moving out. Whole foods has some rotten apples. Honeymoon is over for Gap. Wait, what honeymoon?. Weird news of the week ---- Nike Moving Out Donald Trump’s private real estate empire officially lost one of its most important tenants on Monday, when Nike announced that it is closing its store at the president’s 6 East 57th Street property in New York City next spring in favor of a new location just a few blocks away. The announcement comes a year after commercial landlord SL Green disclosed that it had signed a 15-year lease with Nike at 650 Fifth Avenue. Whole Foods Has Some Rotten Apples Whole Foods shoppers complained about finding bruised, discolored, tasteless, and rotten produce in stores across the US. Shoppers also cited persistent out-of-stock issues. Many customers are blaming the problems on Amazon, which acquired Whole Foods in a $13.7 billion deal in August. "Price reductions are appreciated but not at the expense of reliable quality," one customer said. Whole Foods told Business Insider that it has made no recent changes that would affect the quality or availability of its produce. Not much has changed, so they say Honeymoon is Over for Gap. Wait, What Honeymoon? Gap Inc.'s Banana Republic and Gap brands are swiftly losing customers to other brands, according to a report from data management and analytics firm 1010data emailed to Retail Dive. From October 2016 to September 2017, Banana Republic lost 58% of shoppers who had shopped at least once between October 2015 to September 2016, 45% more than in the trailing year, according to the report. Weird News of the Week Nordstrom is selling Marie Antoinette inspires sock loafers. SOCK LOAFERS. According to Nordstrom's product description, the shoe was, "Inspired by the idea of what Marie Antoinette might wear in 2017, a cutout loafer in glossy patent leather is inset with a quirky striped sport-sock shaft embroidered with flowers, giving it a striking, avant-garde look." Despite the fact that the product looks like it was made from your mom's Mary Janes and your 12-year-old cousin's socks, Nordstrom claims you'll feel just like a modern Marie Antoinette — and they've got the price tag to prove it. Originally priced at $1,400, the shoes are now on sale for a precise $839.98, because spending that much on shoes you could probably construct at the Goodwill is exactly what defines members of the modern aristocracy. --- Send in a voice message: https://podcasters.spotify.com/pod/show/brickdatacast/message Support this podcast: https://podcasters.spotify.com/pod/show/brickdatacast/support