In this episode of Winners & Losers in a Digital Age, Scott Galloway calls Tory Burch, Lancôme, and Urban Decay winners, and C Wonder, Fab and democracy losers.
L’Oréal brands Lancôme and Urban Decay scored Genius and Gifted in L2’s upcoming Digital IQ Index®: Beauty. C Wonder is closing stores, while Tory Burch is constantly innovating in retail with one-click ordering of an entire look and flat rate shipping.
Fab is selling at $15 million, which is not bad except it raised funding at a valuation of $1 billion in July 2013. And democracy is losing because less people showed up to vote in the midterm elections than they did to shop on Black Friday.