Happenings…
Toronto retailer HAVEN released their new campaign. Zendaya is on the May cover for Vogue. Jake Gyllenhal goes above deck in the new Prada Beauty Luna Rossa Ocean documentary. And Martha Stewart is the new Miracle-Gro spokesperson.
CNBC: Costco is selling $200M/mo of gold bars
Costco has always has its super shoppers who cannot get enough of its inflation-defying $1.50 hotdog and its Kirkland private label which covers categories ranging from Champagne to rotisserie chicken to golf clubs. Their hot new product is a 1 oz bar of pure, 24 karat gold. It’s doing big business for the retailer, with estimates at $200M per month, with each bar priced 2% above spot prices for gold. We want to say this this is more of a kitschy novelty item, but if it’s consistently doing $200M per month in sales it is way beyond that. Costco’s assortment really reflects its clientele, and its gold bar business indicates a doomer, survivalist mentality on their part.
Vogue Business: The Rhode Lipstick case is back in stock
Hailey Bieber’s beauty brand Rhode has been steadily growing since its launch in 2022. It’s new key item is not a lip or eye treatment, but its phone case with space to hold a tube of Peptide Lip Treatment. The brain child of Lauren Ratner, herself a beauty outsider like Bieber, she shared:
“Since everyone has a phone glued to their hands, it was a natural fit to combine the two. The Lip Case is a product that marries both needs together in its simplicity.” It sounds so simple when it’s explained like this, and yet no one else has brought anything remotely close to market or sold their product in such an innovative way – the fact 200,000 and 400,000 people are on the wait lists for the Lip Case and Peptide Lip Tints, respectively, is testament to this.
Such a great idea for a product. Someone needs to make a more universal version of this to hold things besides just beauty items!
GQ: Rolex’s Biggest Release of 2024
Watches & Wonders, the biggest watch show of the year, is happening right now in Geneva. Every major brand in the timepiece industry shows there, but the heavy hitters like Cartier, AP & Omega suck up most of the press. Rolex’s big release of the year is a GMT with a black and grey bezel on a stainless steel bracelet. (Last year, they released the same GMT but on a gold bracelet.) The reviews are muted - “chill” and “stark” and “subtle” is what the watch nerds are saying - with much emphasis put on the discontinuation of a popular model than their new releases.
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