271–280 of 499 posts
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Lululemon is genius, their quality is great, but the branding is even better! They revolutionized the exercise wear industry, were single-handedly responsible for "athleisure" and killing denim sales!
and maybe it's true that some styles of clothing are "not for everyone"
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Lululemon is genius, their quality is great, but the branding is even better! They revolutionized the exercise wear industry, were single-handedly responsible for "athleisure" and killing denim sales!
and maybe it's true that some styles of clothing are "not for everyone"
The modern examples cited weren't nearly as bad: - Lulumon didn't seem to be hurt by Chip Wilson. In fact, the "notoriety" made me aware they they sold men's clothes, too, and I went there and bought some great athletic wear. - Many customers appreciated Barclays' warning not to "pile up debts." That would give me a favorable opinion of a company that offers lines of credit, not a bad one.
True.
Nowadays, it only takes one tweet to absolutely tank someone's reputation, let alone lose his or her job.
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He carefully cultivates the image of a man who utterly despises his own customers, but is far too miserly to allow an aircraft to crash. That image will keep them going right up until they have a fatal crash, at which point the press, the government, and victims’ attorneys will use every word he has ever said about being cheap to crucify him and the company. Given their volume of flights, a fatal crash is statistical…
Why would Ryanair ever have a crash? Their airplanes are usually quite new. The EU hasn’t had an accidental plane crash in ages. Have you ever flown Ryanair?
Kudos to the guy for bouncing back though !! “After losing everything, he toiled in misery for years — but he eventually made an improbable comeback. In 1997, he took out a £155k (US$203k) loan on his house, built up a health club business, and sold it for £3.9m (US$5.1m). He then used the profits to start an online jewelry company. (The Ratners Group rebranded as Signet in 1993; today, it is the largest diamond reta…
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and maybe it's true that some styles of clothing are "not for everyone"
I mean when I read the comments I rolled my eyes because clearly not all clothes are made and designed for every single human configuration out there.
Your engineer is showing
> so why did he do it? This is the most interesting question, which the article doesn't answer.
He called his company's product "crap" at a 6,000-person event. That seemed pretty straight forward to me.
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No eventually it would flip - it happens all the time. It's just this time the boss of the company laid down the final piece so it sticks in the mind
The re-branded company he was forced out of is now the largest diamond retailer in the world- so I'd say that the problem was him and his mouth, not an inevitable flip in fortune.
There's probably a counterfactual universe where he remained in his position, he learned a valuable lesson on keeping his mouth shut in public, and the company re-branded and recovered on a similar trajectory.
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Well, the issues I'm aware of: Ryanair pay their staff poorly. And that is not cheap enough, so they also employ them under employment law from "cheap countries", to try and circumvent income taxes and other charges of the local countries they service. Ryanair demand subsidies from local governments to fly to far-flung airports. They can hold these governments hostage, as often the airports fail if they stop their se…
Can you explain more about how Ryanair refusing to fly to far-flung airports without a subsidy is an externality?
Of course, nobody is twisting the arm of these politicians. But the fact remains that Ryanair is exploiting this weakness to avoid paying themselves.
Type "Ryanair airport subsidies" in google and have a look at the first couple of titles. It's a mess that has been going on for 10 years now and is only now slowly being called a halt to.
https://www.transportenvironment.org/press/24-ryanair-airpor...
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Other budget airlines with few customer perks like southwest have survived crashes with a less stellar safety record. True, but Southwest does not have a CEO that openly flaunts their being cheap either. They've never had a major crash in almost 35 years. I once won 15 hands of blackjack in a row, but then I lost a hand. Even the most expensive airlines eventually have fatal incidents, and it would be statistically i…
You’re making no sense. You’re saying Ryanair has an impeccable safety record, but so does every other airline, but when Ryanair gets a crash, people will assume it’s because it’s cheap? So your entire argument is people are dumb and they will make unwarranted associations. Brilliant
My argument is that it is idiotic for a CEO in such an industry to make comments about being cheap. It leaves the door open for people to place blame when an accident occurs. It’s like talking to the police if they want to interrogate you. It can’t help, but it can hurt. Why would you risk it?