Good morning, Happy Victoria Day in advance, lets make sure you go into this long weekend smarter and full of insights to stir up some interesting conversations with your friends and family.

Here’s whats up:

• Wayfair is opening its first retail store.

• Canada Goose is making big moves.

• NFL is coming to Netflix this Christmas.

• Control your iPhone with your eyes with Apple’s new IOS 18.

• Deloitte survey: What Gen Z and millennials think about AI.

• OpenAI’s co-founder resigned.

Let’s get into it.

RETAIL

🛋️ Wayfair opening its first retail store

The $12 billion online home goods retailer is opening first retail store near Chicago after dominating the e-commerce market for years.

Details:

• The retailer is opening a 150,000 sq megastore in Wilmette, Illinois on May 23.

• The store will pretty much have same theme as Ikea, with on-site restaurant (the porch) and a large selection of home goods in all categories, a one stop shop for everything.

Why go retail?
Meta and Apple have made it really difficult for marketers to target customers in their online campaigns due to privacy changes.

Plus, Amazon and Walmart marketplace have made the barrier of entry so low, that anyone can build an brand online.

Since the pandemic, E-commerce growth has slowed down significantly and consumers are back in retail stores.

Wayfair CEO Niraj Shah believes entering retail would be a good move for the company because of the category they are in is very visual and reasonably expensive, which is why consumers like to see and feel the item in-person before making a purchase.

🧥 Canada Goose making big moves on charts and in high fashion

On the charts: Toronto based company was up 15.53% after they reported their revenue and it was higher than expected, thanks to the Chinese and American stores. - Bloomberg CA.

Canadian stores didn’t contributed much, $2000 Parkas haven’t been on the wish-list for Canadians when the high interest and inflation is sky rocketing.

Getting bougier: every Bay Street traders favourite brand is becoming even more bougier. CG announced the hiring of their first ever creative director, a French designer Haider Ackermann. The designer is famously known for being Timothée Chalamet’s fashion guru.

SPORTS

🏈 NFL is coming to Netflix this Christmas

From DVD rental service to taking over Hollywood and now live sports. Netflix is positioning themselves to dominate the entertainment industry.

The company has signed a 3 season streaming deal with NFL to stream Christmas Day games.

Netflix is going big on live sports and paying big bucks: earlier this year in January, they closed a $5 billion multiyear deal with WWE. Plus, they will be hosting one of biggest boxing events this summer, Mike Tyson vs Jake Paul.

Power play: Netflix currently has 260 million subscribers. NFL wants viewers and Netflix has no shortage of them.

According to Sports Media Watch, 28.7 million viewers watched last year’s Christmas NFL games on TV. Well, with the global reach Netflix has we can only see this number going up.

GADGETS

📱 Control your iPhone with your eyes

Apple just announced IOS 18 and some of the new features are mind-blowing, especially the Eye tracking feature that lets you control your iPhone with your eyes.

Here are 3 key features from IOS 18 that you need to know:

• Eye Tracking: is an AI-powered feature that will allow users to navigate iPad and iPhone with their eyes by facing the front camera - Apple has designed this feature for users with physical disabilities.

• Music Haptics: a feature that makes listening to music more accessible for users who are deaf or have a hard time hearing by using textures and vibrations.

• Voice control for CarPlay: a new feature that allow users to navigate CarPlay with their voice.

👉️ Check out the Eye Tracking feature in use

AI

👨‍💻 Deloitte: What Gen Z and Millennials think about AI

Deloitte released its 2024 Gen Z and Millennial Survey, 23,000 workers across 44 countries participated in the survey and here’s what they had to say:

• Only 45% of millennials and 51% of Gen Z participants feel they are getting sufficient training on AI.

• 60% of workers think AI will eliminate their jobs in the future, however 59% of Gen Z and 57% of millennials are investing in up-skilling themselves on AI.

Click here to download the full report

🤯 OpenAI co-founder resigned

In November 2023, Ilya Sutskever (co-founder and chief scientist) was part of the camp to out CEO Sam Altman from the company.

After months of speculations, Sutskever announced he will be resigning from OpenAI and said he is confident that OpenAI will build AGI that is both safe and beneficial under the current leadership.

GAMES

Start off your day smarter by completing crossword of the day: Click here to play

FEEDBACK

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