Page 42«..1020..41424344..50..»

Archive for the ‘Conscious Evolution’ Category

Edited Transcript of CTHR earnings conference call or presentation 7-Nov-19 9:30pm GMT – Yahoo Finance

Posted: November 8, 2019 at 4:41 pm


without comments

MOORESVILLE Nov 8, 2019 (Thomson StreetEvents) -- Edited Transcript of Charles & Colvard Ltd earnings conference call or presentation Thursday, November 7, 2019 at 9:30:00pm GMT

* Clint J. Pete

Charles & Colvard, Ltd. - CFO & Treasurer

* Suzanne T. Miglucci

Charles & Colvard, Ltd. - CEO, President & Director

Good day, and welcome to the Charles & Colvard Q1 FY2020 Earnings Call. (Operator Instructions)

This earnings call may contain forward-looking statements as defined in Section 27A of the Securities Act of 1933 as amended, including statements regarding among other things, the company's business strategy and growth strategy. Expressions which identify forward-looking statements speak as only as of the date the statement is made. These forward-looking statements are based largely on our company's expectations and are subject to a number of risks and uncertainties, some of which cannot be predicted or quantified and are beyond our control. Future developments and actual results could differ materially from those set forth contemplated by or underlying the forward-looking statements. In light of these risks and uncertainties, there can be no assurance that the forward-looking information will prove to be accurate. This earnings call does not constitute an offer to purchase any securities nor solicitation of a proxy, consent, authorization or agent designation with respect to a meeting of the company's shareholders. Accompanying today's call is a supporting PowerPoint slide deck, which is available in the Investor Relations section of the company's website at ir.charlesandcolvard.com/events. The company will be hosting a Q&A session at the conclusion of the prepared remarks. Should you have questions you would like to submit please email at ir.charlesandcolvard.com. Please note this event is being recorded.

I would now like to turn the conference over to Suzanne Miglucci, President and Chief Executive Officer. Please go ahead.

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [2]

Good afternoon, and thank you for joining us as we summarize Charles & Colvard's results for the first quarter of fiscal year 2020 ended September 30, 2019. In the first quarter, we delivered our fifth consecutive quarter of profitability. Revenue growth of 15% and a very favorable blended gross margin of 49%. This positive momentum was achieved during a quarter of investment as we began applying some of the proceeds raised earlier this summer in order to expand our brand presence and grow the top line. Clint Pete, our CFO will begin today's call with an overview of our financials. Then I'll return to discuss highlights from the quarter and share key initiatives we're undertaking to position us for growth.

Clint J. Pete, Charles & Colvard, Ltd. - CFO & Treasurer [3]

Today I'll highlight the key financial results for Q1, 2020. Additional details can be found in our Form 10-Q for the quarter ended September 30, 2019, which we expect to file tomorrow. Beginning on Slide 5, we reported net income for Q1, 2020 of approximately $207,000 or $0.01 per diluted share compared with net income of approximately $110,000 or $0.01 per diluted share in the year-ago quarter. This represents our fifth consecutive quarter of profitability. Slide 6 summarizes net sales for Q1, 2020 which increased 15% to $7.6 million compared to the year-ago quarter. And our online channels segment, which consists of e-commerce outlets including charlesandcolvard.com, third-party online marketplaces, dropship retail and other pure play exclusively e-commerce outlets. Net sales for the quarter increased 20% versus the year-ago quarter, representing 49% of total net sales.

Our transactional website charlesandcolvard.com increased 31% net sales versus the year-ago quarter. Sales through our cross-border trade platform were strong with a 113% increase versus a year-ago quarter. In the company's traditional segment, which consists of wholesale and retail customers, net sales for the quarter increased 11% to $3.9 million versus the year-ago quarter, representing 51% of total net sales. The upside from this segment is primarily due to increased performance and our brick-and-mortar channels. Finished jewelry net sales increased 51% for the quarter, an indicator that our direct to consumer initiatives are producing results. Finished jewelry sales are up across multiple channels, including charlesandcolvard.com website through third-party online marketplaces and job ship retailers with our brick -- and with our brick-and-mortar partners.

Loose jewel net sales decreased 7% for the quarter, mainly due to a slight decline in demand for loose jewels across our domestic and international distributors and certain pure-play customers. On Slide 7, our gross margin performance in the quarter was strong. The Q1, 2020 gross margin was 49% compared to 45% in the year-ago quarter. This improved margin was driven by continued healthy online channels sales including strong sales of our Forever One product on our transactional website charlesandcolvard.com. For everyone, net sales of finished jewelry and loose jewels represented 84% of total net sales for Q1, 2020.

On Slide 8, we show operating expenses as a percentage of net sales at the top of each bar. The dollar level of our operating expenses for each quarter is presented inside this bar. For Q1, 2020, operating expense as a percentage of net sales was 47% compared to 44% in the year-ago quarter. Overall, operating expenses increased 25% versus the year-ago quarter, mainly due to the increased marketing investments that we began, increasing our digital marketing spend and brand awareness initiatives and preparation for the holidays. G&A expenses increased approximately $125,000 and sales and marketing expenses increased approximately $588,000.

Slide 9 presents a snapshot of our balance sheet. At September 30, 2019, we had $12.6 million of cash, cash equivalents and restricted cash, compared to $13 million at June 30, 2019. Since we plan to apply the proceeds from our recent equity raise over several years, we have invested the unused funds in short-term investment-grade interest-bearing securities. This investment drove $61,000 of interest income in the quarter. We continue to have no long-term debt and have not accessed funds through our credit facility. During Q1, 2020, we adopted the new lease accounting standard issued by the Financial Accounting Standards Board or FASB. This new lease standard -- this new lease accounting standard requires all leases, including operating leases to appear on the balance sheet as a right of use asset and at least liability, along with qualitative and quantitative disclosures as of September 30, 2019. The impact resulted in the recognition of a right of use assets of $900,000 at lease liabilities of approximately $1.2 million, the adoption did not have a material impact on our statement of operations or cash flows. Additional details can be found in our forthcoming 10-Q.

Moving on to Slide 10. Inventory at September 30, 2019 totaled $36 million compared to $33.7 million at June 30, 2019. Loose jewels inventory was $24.4 million compared to $24.3 million at June 30, 2019. Finished jewelry inventory increased to $11.4 million compared to $9.3 million at June 30, 2019. This increase reflects our continued investment and consignment inventory to support the growing success on our brick-and-mortar channel. In support of the upcoming holiday season, we have also planned higher in-stock inventory for channels that require immediate shipping including our transactional website charlesandcolvard.com and for marketplaces and dropship retail channels. At September 30, 2019, 81% of our inventory is classified as new inventory, leaving only 19% of our inventory classified as legacy inventory.

On a final note, we would like to mention that our 2019 Year in Review letter to shareholders is available in the Investor Relations section of our website under summary information. In the letter, we provide a summary on the state of the market, our fiscal year 2019 accomplishments and our roadmap for 2020. In conclusion, we delivered a solid quarter fueled by 15% revenue growth, a 49% gross margin and positive net income. We believe, we are well-positioned as the key holiday selling season gets underway.

I would like now to call -- to turn the call back over to Suzanne.

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [4]

--------------------------------------------------------------------------------

I'll start with a summary of notable highlights for the quarter on Slide 12. Our Q1 blended gross margin of 49% was attributable to continued positive performance across our online channels segment. Online channels grew 20% over the prior year with dropship retail and marketplaces performing extremely well. As we have substantially rolled out our moissanite by Charles & Colvard brand. You may recall that in our dropship retail and marketplaces channels, we're replacing our legacy goods; Forever Classic and Forever Brilliant with new jewelry items set with the moissanite by Charles & Colvard gemstone, which is a higher net margin product. These online channels are now refreshed with new inventory, are poised for the holiday and are showing a healthy upturn in performance. Moissanite by Charles & Colvard represented 9% of total Q1 revenue compared to 3% in the prior-year quarter.

Our transactional website charlesandcolvard.com, where we sell our premium product; Forever One gemstone and jewelry saw a 31% increase in revenue over the year-ago quarter. This site continues to deliver more than 50% of our online channels revenue. We remain pleased with the performance of the website, which serves as the primary interface where consumers directly engage with our brand. We'll talk further about the role of our website in the customer experience in just a few minutes as we progress our discussion to key initiatives.

Also contributing to our growth was cross border trade in which international consumers transact on our domestic website and we ship our goods to their global locations. We had a 113% increase in cross border trade revenue over the prior-year quarter. Cross-border trade revenue is recognized with international sales, which totaled 11% of our revenue for the quarter. This contribution from cross border trade was offset by a decrease in international distributor sales, which we believe is due to earlier pre-holiday purchasing in this channel as well as limited effects from U.S.- China trade relations.

Another highlight of the first quarter was strong performance of our domestic brick-and-mortar retail accounts, where we enjoyed significant growth. On the heels of a successful fiscal year 2019, Helzberg Diamonds stores chose to expand their footprint of Charles & Colvard goods in-store. They are now featuring 3 feet to 4 feet of case line, showcasing our Forever One moissanite in every store as well as a specially designed limited edition item that we developed exclusively for Helzberg Diamonds holiday promotions. To accommodate this growing footprint, we expanded our jewelry assortment as evidenced by an increase in consigned merchandise and an overall increase in finished jewelry inventory. These items have been shipped, are on display and are ready to serve holiday traffic. Q1, 2020 represents our fifth consecutive quarter of profitability matching last year's $0.01 earnings per diluted share while making significant strides toward our increased brand presence and focus on top-line growth.

Lastly I'd like to mention a noteworthy development that took place after Q1 ended. We're pleased to announce that we've added a new strategic partner in our dropship program. Belk, a well-established and respected retailer in the Southeast is promoting moissanite by Charles & Colvard jewelry on its transactional website belk.com. As a reminder, our dropship retail partners feature Charles & Colvard jewelry listings on their websites and we ship the sold goods directly to the consumer from our distribution center. Our products are now live on their site, just in time for holiday shopping. Stay tuned for more details on this exciting new partnership.

Let's turn to Slide 13 to discuss the key initiatives that have prepared us for a holiday push. We're laser-focused on expanding the reach of our brand, both domestically and globally and digital marketing will be leading this charge. In order to do this right, we first measured our current state. In Q1, we engaged with our digital marketing agency to dig deeply into the buying habits of our consumers, young Gen Xers, millennials and emerging GenZs. We evaluated a full 12 months of data from overall brand impressions to social engagement, video views, display marketing performance, search engine marketing and more. We believe this information will help us hone our brand messages to better connect with what our audience truly cares about and what will help us improve the efficacy of our marketing efforts in both paid and organic channels.

Since Charles & Colvard re-launch in October 2016, we've focused heavily on our direct-to-consumer engagement. But the majority of these investments have been in mid-marketing funnel campaigns. This means we were buying brand terms and working to convert consumers already familiar with our brand. We've shifted our efforts to increase awareness at the top of the marketing funnel, where we'll be able to reach net new prospects. We began our shift in Q1 investing in awareness campaigns across media outlets, such as Popsugar, where they serve, roughly 50% of all millennials across the U.S. We invested in promotions on podcasts, where the host spend time -- broadcast time speaking about our product. This is a highly targeted channel, where we can focus on the audiences we want to reach.

We leaned heavily into new video assets and have developed a segmented targeted strategy for our presence on YouTube. We recast our paid social media strategy with a balanced presence across awareness and traffic-driving campaigns as well as social commerce efforts that expand and optimize our presence across functions such as Pinterest, shoppable pins. These efforts take time to generate financial outcomes and we anticipate, it may take the average consumer weeks to months to migrate from initial awareness to purchase. Which is why our Q1 investment into these activities was critical to our holiday and future success related. You'll note that our Q1 operating expenses were up 25% with the corresponding cash burn, which are primarily due to these digital marketing investments.

How will we know if these investments are working? Of course Q2 revenue will be a good measure. But there are early indicators that are already helping us validate our investments as follows. Website traffic to charlesandcolvard.com is up more than 50% over Q1 last year. Our opt-in database -- our email database has grown over 75% compared to just last quarter. And our YouTube video channel subscribers jumped nearly 300% over the same period last year. With YouTube clicks to our website up nearly 200% from the same period last year.

We're also seeing a rise in unsolicited interest from influencers and celebrities in our brand. They're finding Charles & Colvard and reaching out to us directly. Just a few weeks ago, we heard from Jenni Farley or JWoww, a television personality from the MTV reality series, Jersey Shore. Jenni fell in love with a set of Charles & Colvard hoop earrings and highlighted our products on her Instagram account, which exceeds 7 million followers. Our website traffic went through the roof that weekend and consumer media outlets, such as People, E! News and US Weekly picked up the story. The power of influencer marketing is real and measurable. So you'll see more of this type of activity as we head into the holiday.

These are some of the early indicators that we're driving net new traffic to our brands directly to charlesandcolvard.com and through the various channels, where we advertise. Of course, revenue generation is the true measure of success, which we'll report on as these new eyeballs become customers. But it's important to stress that this digital channel through which we are choosing to advertise, allow us to make daily decisions on advertising spend, based on performance and outcomes. We have a tight hand on the reins as we continue to invest in our global brand presence.

On Slide 14, we plan to continue our push into international markets. In fiscal 2019, we expanded Charles & Colvard into new international markets through marketplaces and distributors as noted by this global footprint. We've successfully established many new outlets where we intend to sell. Now what's needed is brand awareness. As part of our digital marketing efforts, we've incorporated ad spend to help us establish our brand presence in these new regions. To date, international traffic and online revenue has been minimal and organically generated. With a concerted effort and appropriate investments to grow awareness of our brand in region, we believe we will expand our presence and generate revenue through these existing regional outlets as well as drive cross border trade traffic to charlesandcolvard.com.

Slide 15 outlines our focus on continued product evolution and innovation evolving our gemstone and jewelry mix to meet the demand of our consumer is at the center of our fiscal year 2020 initiatives. And as we learn more from our top of funnel marketing activities, you can expect further changes to our product mix as our audiences' tastes and preferences mature. In Q1, we released several new products and preparation for holiday, including a new line of platinum jewelry products, new shapes and sizes of moissanite gemstones including all European cuts, elongated cushions, rectangle, trapezoid and existing shapes that are now available in expanded sizes. A tantalum line of men's rings, lab-created colored sapphires and rubies, specifically developed for our dropship retail channels. And as I mentioned earlier, a very special limited addition product along with expanded styles for Helzberg Diamonds stores. In addition to these new products. We also continue to expand our signature jewelry collection, which features a Charles & Colvard's florette in its design. This product continues to gain traction and represented 8% of our total Q1 finished jewelry revenue. This product wasn't launched until late Q1 last year. So this 8% is a product's revenue impact after just three quarters on the market.

Moving on to Slide 16, when it comes to the customer experience, every interaction with our brand has an impact on the likelihood of that consumer converting into a lifelong customer or better yet, becoming a brand promoter. Therefore it's incumbent on us to make every interaction engaging, to remove any friction from the buying process and to deliver an exceptional brand experience that's beyond the consumer's expectations. As we prepare for the upcoming holiday, we focused on several aspects on our website to enhance that experience. We've expanded our payment methods to now include after pay, an innovative online payment method that allows the customer to pay in installments. It's a preferred payment method of millennial consumers and retailers as well, as after pay carries all of the risk once an item is purchased.

We also extended our firm payment terms to 36 months. This financing method supports some of our highest average order value purchases and we believe these extended terms will boost our sales. In addition to after paying a firm, we also support credit card, PayPal and Amazon payment methods as well as localized payment options for our international customers through our cross border trade solution. To offer a seamless self-service option, we recently launched a new website credit and exchange function, making it easier than ever to exchange an item for another product on our website. Recent studies show that with a traditional return option, the repurchase rate is 10%, but with an exchange option for store credit, that number can jump to 30%. With our new exchange functionality, our goal is to significantly increase the likelihood of an exchange versus a return, thereby keeping the sale of Charles & Colvard.

And lastly, we continue to improve page load times and navigability of both our web page and mobile site to ensure a seamless online shopping experience regardless of device. In addition to our website enhancements, we're constantly upgrading and improving our brand experience on third-party websites as much as those platforms will allow. We've upgraded Charles & Colvard's brand pages and imagery across marketplaces, social sites and dropship retail partner pages. We've also enhanced our product listings across these outlets with expanded product offerings on Amazon, Macy's, Overstock and more.

On Slide 17, I've highlighted our focus related to corporate social responsibility and initiatives we've undertaken to be cognizant of the social and environmental impact of our business and to be more transparent about our initiatives to be a better corporate citizen. Last year, approximately 95% of the precious metals resourced were recycled. Today all of the products I just mentioned are made from 100% recycled precious metals. Going forward, we're working towards utilizing only recycled precious metals in our product lines and of course, we're only bringing to market, gemstones that are made not mined.

Lastly in September, we engage with experts from North Carolina State University's B Corp Clinic, a group that focuses on measuring company's sustainability. They're working with us throughout Q2 to help us gain a baseline understanding of the overall environmental footprint of the company's operations. We plan to measure this baseline and develop a plan to work towards improving our impact wherever possible.

Turning to Slide 18, as you can see, in our first quarter we've already made significant progress on these five strategic initiatives. In summary, you should take away from today's call that we're focused on marketing investments that drive brand awareness, sales reach that engages both domestic and international audiences, product innovation that draws consumer interest and an excellent customer experience that encourages a lifetime relationship with Charles & Colvard. We're delivering on these initiatives in a responsible and environmentally conscious way, while keeping our eyes trained on the value we're delivering to you, our shareholders.

This concludes our prepared remarks. We'd now like to open the call to take your questions. Operator, would you please poll for questions from our listening audience.

================================================================================

Questions and Answers

--------------------------------------------------------------------------------

Operator [1]

--------------------------------------------------------------------------------

We will now begin the question-and-answer session. (Operator Instructions)

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [2]

--------------------------------------------------------------------------------

So we do have some questions that have come in via email. So while you are queuing, let's begin with one while we're waiting. We were asked to elaborate on what we've learned from the data coming out of our digital marketing investments and how that's impacting our changing and go-forward strategy. We welcome both your live questions as well as written ones, if you'd like to write in a question, please send it into ir.charlesandcolvard.com. So our recent data analysis and the market research that we've done has validated our target customer. We still remain very focused on the millennial but we're expanding our reach to emerging Gen Z and young Gen X audiences. They're absolutely purchasing our product and engaging with us. We've also validated that our messaging on the brilliance, the value and ethical origins of our products are resonating with those consumers. So you'll see us continuing to use that language in our marketing materials. That said, there is some new and enlightening insights into the efficacy of our prior campaigns that our study has revealed and which ones are meaningfully influencing our channels in our investments. For example, Facebook and Instagram have historically been strong platforms to engage with our audiences and they continue to be so. But there are new audiences to target that we believe are more attuned to our brand and we'll engage more and they will have higher conversions. So this study is helping us identify these new audiences and to then include them in the new campaigning that we're doing.

And we've also identified some underserved audiences and new promotional channels such as our recent sponsorship of podcast. As I imagine, many of you know podcasts are sort of very popular today with today's millennial consumer, especially. What we love about this platform is, that the host will speak about the product during the podcast. And in the most recent case, we worked with husband-and-wife team, lifestyle bloggers called the Mustards, they host a session, but they also post video onto their YouTube channel and they're wearing our product, which makes for a very visual representation of product. This is our far-higher level of brand engagement to a very targeted audience. Then we get from, say, a digital ad served up on the Google ad network that's more attuned to awareness and conversion. So we're taking all of these data points -- their brand new data points. And we're starting to roll those into the campaigning that we're doing for the holiday.

So with that, we can go back to the queue. Operator, do we have anyone awaiting a question here.

--------------------------------------------------------------------------------

Operator [3]

--------------------------------------------------------------------------------

Your next question comes from Dave King with Roth Capital Partners.

--------------------------------------------------------------------------------

David Michael King, Roth Capital Partners, LLC, Research Division - MD & Senior Research Analyst [4]

--------------------------------------------------------------------------------

Great news on the early marketing KPIs web traffic and the like. So thanks for showing those. Realizing that, there is a more top of funnel oriented. I guess my question is, as we move into holiday, what are you doing to try to be able to convert that traffic as it's gone up fairly materially and then also fulfill appropriately, have the right customer service capabilities, et cetera. Just so you can really capitalize. Thank you.

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [5]

--------------------------------------------------------------------------------

So we are very prepared for holiday. We have a standard team on our customer services side that are with us all year long, will ramp up those resources during holiday to ensure that we are ready to serve people over the phone. We extend our hours that we are available to be on the phone with those consumers. And we have a fulfillment department that can expand its hours as well. So doing fulfillment, serving the customer, absolutely, we're ready to do just that.

On the marketing side, it becomes a mix of campaigning, Dave. So right now it's very top of funnel, how many people can we get into the brand, these are the people that are being added on to our e-mail marketing database and then we're watching the pages that they go to or watching where they're engaging -- are they more a bridal customer versus a more of a fashion customer, what kind of jewelry are they looking at and then we can serve up very specific campaigning to them. It's a little more mid-funnel once we've made that original connection. That is more product-and-click oriented and serve them something that they could then clicking purchase product. So it becomes a very targeted effort based on the activities that we're seeing from the consumer.

--------------------------------------------------------------------------------

David Michael King, Roth Capital Partners, LLC, Research Division - MD & Senior Research Analyst [6]

--------------------------------------------------------------------------------

Okay, great. And then switching gears. Really nice gross margin improvement in the quarter, it seems like it was up more than just what's implied by channel mix. I guess, did the product mix, improved within the channels or is there anything else that might specific they might be driving that as both in the quarter and as we move forward? Thanks.

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [7]

--------------------------------------------------------------------------------

Yeah. So the product mix, certainly moissanite by Charles & Colvard played a big role. We continue to replace our legacy product classic and brilliant it's kind a fairly low margin rate with the moissanite by Charles & Colvard product which absolutely helped us improve the margin numbers there. Our signature collection that we have is Forever One product for everyone always, nets very high margin and so with the increase in that we're seeing improvements as well Helzberg Diamonds stores just Forever One product, so they bring in the very high end in premium products. So, as you watch finished jewelry increase and as you watch online channels increase that generally lend itself towards that higher margin goods.

--------------------------------------------------------------------------------

David Michael King, Roth Capital Partners, LLC, Research Division - MD & Senior Research Analyst [8]

--------------------------------------------------------------------------------

Okay, great. Thanks for taking my questions. Nice quarter, and good luck with holiday.

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [9]

--------------------------------------------------------------------------------

While we're waiting for others of you to fill the queue. We did have another emailed question, it seems to be a trend and we like it. So continue to send in your questions. So let's see, let me read this out here. This listener wrote international sales are seeing impressive growth. Can you provide any context as to whether the margins seems to be a theme here tonight whether the margins obtained on international sales are similar to the margins seen by your domestic sales and whether you're seeing accelerated growth in cross-border trade from international buyers purchasing directly on charlesandcolvard.com, rather than options such as Amazon and that's a very good question. So, first and foremost, it's very early days for us as we forge new ground internationally, but we're pleased. What we're seeing today. International sales as a whole represented 11% of our revenue in Q1. So keeping in mind that both our traditional and online channels segments are represented here in this 11% within the International segment we're seeing a meaningful marketplaces and cross-border trade growth from an online sales perspective. But as we noted in prepared remarks cross border trade continues to perform with growth rates over a higher percent. In fact Q1 represented the fourth consecutive quarter of triple-digit growth in cross-border trade and this is pretty significant. That number significantly eclipses the growth that we're seeing in international marketplaces. And as to the margin because these folks are coming to charlesandcolvard.com, we do see comparable margin, the only difference here is that there is a single-digit transaction be a very inexpensive transaction fee that we pay to our cross-border trade partner who then bears all the responsibility of delivering the product to the international customer's doorstep, which makes our cross-border trade margins just slightly below that which we make on Charles & Colvard. But again we're driving them to Forever One product we're driving them to our transactional website. So we still see very attractive margins there.

Operator, anyone else in the queue?

--------------------------------------------------------------------------------

Operator [10]

--------------------------------------------------------------------------------

(Operator Instructions) All right, while we're waiting. We did have another question come in. Can you go back up, please? I'm sorry.

--------------------------------------------------------------------------------

Suzanne T. Miglucci, Charles & Colvard, Ltd. - CEO, President & Director [11]

--------------------------------------------------------------------------------

The question was about, can you put a dollar amount on the Helzberg in store opportunity, unfortunately we can't, -- we are restricted by confidentiality with most of our customers on actual dollars, but what I can say events we're thrilled with the expansion into this account, we think, and I think I said this on the last earnings call, we think of Helzberg as our showroom, it's a beautiful place to actually see our product every Helzberg store now has either three or four linear foot of K space and it's all Forever One product, and so for that consumer that is a kinesthetic for someone that actually has to see and feel the product wants to put the ring on her finger and get a sense for the product. She can go to Helzberg stores and we're actually in their covenant bridal section. So it's an opportunity for then that consumer to take a look at us compared to other competitive product that's out there in the market. So we're thrilled that they invite us to continue to expand our footprint and it is meaningfully contributing to our traditional channel numbers. Operator, do we have another question in the queue.

--------------------------------------------------------------------------------

Operator [12]

--------------------------------------------------------------------------------

Yes. Your next question comes from Dave King with ROTH Capital Partners. Please go ahead.

--------------------------------------------------------------------------------

David Michael King, Roth Capital Partners, LLC, Research Division - MD & Senior Research Analyst [13]

--------------------------------------------------------------------------------

Thanks. Just one more quick one. I thought I'd sneak it in. So there is some news I guess headlines around to De Beers and bring down pricing again recently. I guess, do you see any impact when that occurs. I guess just what are some of the high level of thoughts are around that and any concerns or help us get more comfortable with that, if you can. Thank you.

See the rest here:
Edited Transcript of CTHR earnings conference call or presentation 7-Nov-19 9:30pm GMT - Yahoo Finance

Written by admin

November 8th, 2019 at 4:41 pm

Denim at the forefront of the western wear revolution in India – India Retailing

Posted: at 4:41 pm


without comments

Denim is a legend in itself. Its the worlds favourite blue fabric and has an iconic history. Over the years, denim has single-handedly revolutionised the western wear market around the globe. In India too, while western wear was somewhat limited to the well-heeled only, it was denim that brought it to the mainstream. In addition, it also tagged along a radical change in urban lifestyle and changed the way the country consumed western fashion forever.

Growth Drivers

The denim industry in India has witnessed rapid growth triggered by increasing usage of western wear by the fashion conscious youth.

The inclination to denim was being witnessed due to the growing youth population and pop-culture, which has been the main reason for fashion revolution in the country. Its use as an all-weather and evergreen piece of apparel for all (men, women and even children) helped it get the attention and created a large market for it which was not so for any other piece of clothing earlier. Also, the he most important factor has been its durability and maintenance in the long run which actually turns out cost-eff ective for all, says Kewalchand P Jain, Chairman & Managing Director, Killer Jeans.

E-commerce and social media have dramatically boosted the growth of denim in the country, especially in organized category. While the access to brands and discounts has opened up a new arena for consumers it has also been instrumental in providing brands with a robust platform that promises both exposure and penetration to remote locations.

The digital boom has also been a positive player for brands in terms of capturing newer avenues. Brands have been able to gauge customers taste through e-commerce and set up physical presence in remote locations, says Jain.

Moreover, as mobile devices continue to permeate deeper into smaller cities and towns, the nation has increasingly gravitated towards western wear.

This has definitely turned to denims advantage. I think the openness to adapt to change among people comes more from the western culture, movies, celebrities, social media influencers, etc. People want to look good and feel good, says Neha Shah, Assistant General Manager Marketing, Pepe Jeans.

Also, parallel to the growing preference towards comfort, jeans are now acceptable office garb even in smaller towns in India. This is another major factor that have propelled denim into wardrobes across the nation.

Gone are the days when peoples perception of work wear use to be what you wear is what you do wherein professionalism was always symbolised by a suit and tie / formal wear. People have evolved and are opting smart casuals for business meetings which also include smart denim wear, as business no longer happens only in boardrooms but at caf shops, business events, etc., adds Shah.

The Denim Market in India

Denim commands the biggest share of the western wear market in India. Even in rural areas, denim is a staple across wardrobes with most men and teenager girls opting denim wear over traditional outfits.

According to Indias leading management consulting firm, Technopak Advisors, the denim wear market in India is estimated to be around Rs 29,203 crore in 2018. As one of the most popular western wear categories in the country, the it is expected to grow at CAGR of 12 percent and reach Rs 91,894 by 2028. Denim wear market in India is dominated by mens segment, accounting ~ 86 percent of the total market size.

The mens denim wear segment is the fastest growing segment. Mens denim wear accounts for largest share and is poised to grow at a high CAGR of 12 percent over the next decade. Branded sector has been the biggest beneficiary of this with its presence all across and also varied offering in mens wear, says Jain.

However, the womens denim wear segment is expected to show higher CAGR than the mens segment. The womens denim category in India is expected to grow at a CAGR of 14.5 percent over the next 10 years to reach Rs 39,651 crore by 2021, and Rs 77,999 crore by 2026.

The denim market in India is finally coming of age. The industry is no longer a poor imitation of hip western culture or a limited edition of elitist apparel: theyre becoming both a fashionable art and a major growth industry. While international denim brands like Pepe Jeans, Levis, Wrangler, etc., have witnessed rapid growth over last few years, a slew of Indian brands have emerged across all segments of the Indian denim market (premium, medium and value for money).

Naturally as the market matures, the competition has increased manifolds. Moreover, the denim wear market in India is extremely fragmented, which has further led to increased competition.

Domestic players have to up their game when evaluating consumer preferences and insights and have a faster turnaround of their collections in order to gain the attention of style conscious Indians. Price points will inevitably be a major concern as more and more new brands enter, the customer will look for style and function in one at a specific price point. Another prominent development is the rise of private labels that are eating into the share of the already cluttered market, states Shah.

Also, the countrys promising consumer ecosystem over the past few years has opened its gate to some of the biggest brands in the denim world and their success has continually enticed others to explore the opportunities in the calmer Indian waters. In the premium and super premium segment, the global brands have an advantage while at the lower and mid segment the advantage lies with the domestic brands with their larger retail presence across the country. At the same time, the entry of these global brands has compelled the domestic brands to ante up their offerings, resulting in a highly evolved market replete with high quality products.

Competition Leads to Innovation

Currently, the Indian consumers are at par with their global peers. They are a lot more evolved with their shopping choices and are constantly seeking novelty in experiences. So, in order to cater to these discerning consumer base, and constant pressure from established global brands, home grown brands are compelled to ante up their game. Domestic brands today are fast catching up with their international counterparts in terms of design, innovation and adoption of technology.

The global brands as well as the domestic brands are becoming equally competitive with regards to launching new products, the fashion quotient, stretch and using light weight fabrics, varying colors, styling, detailing, etc. Domestic brands are also matching up to their foreign competitors with new kinds of innovations in design, pattern, stitches and colors as per consumer choices, asserts Jain.

Many brands are now re-positioning themselves in terms of prices too, so that they can cater not only to Sec A but also to the mid-level segment. Brands are introducing denims across all price segments to cater to a wider audience.

Also, as the demand for sports inspired, casual fashion with focus on comfortability grew, Indian denim manufacturers have been compelled to concentrate on more comfortable and sporty denims fit for everyday use.

Denim used to be only 100 percent cotton and did not allow for a lot of movement. With sportswear and athleisure coming into the fashion spectrum, we see a lot of innovation in the denim fabric itself, where elastane and polyester are blended with cotton to allow for more flexibility and provide greater movement, says Manu Sharma, Business Head, Replay.

The influence of sportswear can also be seen in denim styling, with the introduction of products such as joggers and jeggings. Usage of sporty taping on jeans is also in trend to give denims a more athleisure-like look and feel. And this succeeded in breathing new life into the worlds favourite blue fabric and also ended up bolstering the growth of the segment as a whole.

Sustainability: An Expected Standard

The need for sustainable production has become an imperative over the past years in fashion. This holds especially relevant to the denim segment, considering the incredible amounts of water and toxic dyes used in manufacturing jeans. In line with this, denim companies are now compelled to embrace greener methods and are also making effort to develop new techniques of producing jeans, as a part of their business strategies to protect the environment as well as connect to the consumer.

There has been a conscious effort from brands, manufacturers and category leaders in developing and adopting innovative technology for sustainable and environmentally friendly options.

New technology helps reduce water and chemical consumption. There are denim fabrics made using post consumer waste like recycled pet bottles, etc. Laser finishing technology and better wet processing technology helps substantial reduction in water consumption, says Vinit Doshi, Head Product, Sourcing & Retail Planning, Celio.

Emphasising on how brands and manufacturers in India have caught on the trend of sustainable production in the recent years, Pragati Srivastava, GM & Brand Head, Parx adds, Indian denim manufacturing in recent times has been constantly upgrading and evolving like never before. Innovation is a key factor with the introduction of laser machines, e-fl ow and ozone machines and the industry has started focusing on eco-sustainable alternatives over hazardous chemicals. Eco-friendly trims have slowly started replacing conventional ones.

Small Towns Are Big Business Hubs

Its no news that Indias retail revolution is gaining momentum in the countrys smaller cities. A huge base of aspirational consumers, lower estate cost and plethora of other factors have culminated in compelling fashion retailers to make a beeline for Tier II and Tier III towns. Especially for the denim segment these small towns hold immense potential. Traditionally, these places were dominated by the unorganised sector. As exposure grew over the years, consumers have exhibited a high inclination towards brands.

It is noteworthy to mention here that the big unorganised market poses as the biggest challenge in the denim wear sector in India.

In my opinion, the two major challenges that are a hindrance to the growth of denim wear in the country have been unorganised players in the segment and the discounts they and other brands off er to the customer. They are a major roadblock, not letting this segment get the growth it deserves. Hence brands are sometimes forced to compromise on quality and other crucial aspects. Unbranded denim products constitute to about 70 percent of the market share and this trend needs to change with regards to domestic market, says Jain.

The Road Ahead

In this globalised era, the denim wear segment in India like many other traditional product segment is undergoing an astounding change of perception as well as evolution. With Indias expanding economy, booming consumption, urbanizing population, and growing middle class income, denimwear has a huge potential and opportunity to grow.

With right knowledge of consumer preference and global best practices, denim wear brands can exploit the available growth opportunities in domestic denim wear market.

See the original post:
Denim at the forefront of the western wear revolution in India - India Retailing

Written by admin

November 8th, 2019 at 4:41 pm

Floating in and out of the silver river | John Paul Azzopardi – MaltaToday

Posted: at 4:41 pm


without comments

Could you tell us a little bit about your evolution as an artist over the years? When did you first become aware of your inclinations towards the visual arts, and at which point did you decide to pursue them in a more consistent way?

I think Ive always been interested in the arts, ever since I was a very young child. In my early years, when my family was still living in London, very often my father used to take me to museums. We visited the British museum in particular very often. In my early teens I started playing the drums, and I was a musician up until my mid-twenties. But the first figure I made was during class, when I was studying to be an electrician. I was 16 and I didnt know what course or career path to take, so I started reading to be an electrician. Most classes were so boring that I started making figures from electrical wires and components. From then on I continued to create these figures but with no real artistic intention to create art. It was during my mid-twenties were I figured out that I really found a language in sculpture, rather than music. So I stopped practising music and continued to create sculpture with more intention.

At the age of 26 I decided to return to my studies and I sat for a course in Philosophy at the University of Malta. The course really started to address a lot of my existential and social concerns. It also provided me with tools on how to research subjects, so the sculptural works I created from then onwards always involved a lot of research and reading.

Prior to that, my works were always about inner turmoil and angst. I realised that its unhealthy to keep practising and producing works that address my inner anxieties, because that would make anxiety the main reason for producing work. This, in turn, made me realise that I would in some way feed from my anxiety, and although momentarily I could heal myself, in the long run feeding off ones negativity for the purposes of channelling an idea plunges you into an unhealthy loop.

From there, I wanted to understand the true origins of my anxieties and existential issues. When I realised that I could locate these issues from external forces, I realised that I could analyse and dissect these issues in sculptural form; my Decay and Samskara series deals with such topics, for example. Looking for the source itself turns out to be a healthy process.

When I graduated from university, at the age of 29, in mythological terms, it was My Saturn returns cycle the year where one has gone through the first stage of their life and then after a lot of experimenting with character you realise who you really are for the next 29 years; I realised that art is a language I could communicate with. It was at that point that I realised I wanted to turn this into a professional pursuit.

The bone sculptures did become a distinctive trademark for your work. Why do you think the Maltese (and international, given your participation at the Venice Biennale) art-consuming public responded to them to strongly, and how do you feel about that?

I dont really know why the public decided to respond strongly to this cycle of work. Maybe because they are intricate and made from bone. I guess people are amazed to see such structures made from bone. But those sculptures are more than what they physically present themselves to be. They are structures which address the notion of silence and the beauty of the sublime. An object that can allow you to enjoy the presence of an object where you dont need to exercise and engage with your critical faculties. Its meant to do the opposite, to be present and enjoy the phenomena of presence. Thats why in the two solo exhibitions I presented only one sculpture per exhibition. To be present with presence itself. But in collective exhibitions they can tend to lose their real intention. It all depends on how the exhibition is curated. But in most cases, these works havent worked so well in the consuming art spaces.

What were some of the most significant developments and/or changes in your artistic practice? And how does this most recent shift from your bone sculptures to painting define where both your process and your state of mind are at this present moment?

In my early twenties I was interested in exploring my states of inner turmoil. When I entered university I decided to locate what causes these anxieties. During the later stage of my degree another shift happened when I met the tutor Michael Zammit, who lectures mainly in Eastern philosophy. In reading books like The Bhagavad Gita and reading into Advaita Vedanta I found something that really helped me shape other parts of my thirsty self. I then started attending the Practical School of Philosophy, where one learns how to meditate with a foundation in Advaita Vedanta, Platonic and Ficino philosophy. From then, I developed the quest to create bone works that are in some way a practice of Vedic thought.

Apart from meditation, Ive always been interested in the states where one experiences different forms of time and space. Altered states of consciousness can be experienced in many forms. For the past few years Ive been reading into this area to understand the conditions for such states and the internal phenomena in ones mind. Im currently interested into creating art which serves as a tool for experience, experiential rather than, say, being critical. Ive been painting for the sake to experiment with some ideas. Trying to understand what Im looking for before I return to sculpture and other media.

The paintings forming part of Silver River appear to be exploring themes which are both philosophical, and also indicative of states akin to shamanic journeying... could you speak a bit about how the process of creating visual art is tied, for you, with these cognitive and visual processes?

Im interested in exploring these states because I want to see what content the mind provides one with, that part which in a normal state one cannot reach. Im interested in looking into the subtler conditions of the mind and existence. Im curious about the finer qualities of being. I believe that all the gods and energies are within, and I would like to meet them first-hand. But the real research is to look into the depths of egolessness, when one reaches a pure state of awareness.

As such, Silver River is a collection of works on paper, exploring different states of consciousness, investigating the type of conditions, settings and circumstances that produce different forms of refined and altered states of awareness, alertness or raptness where time seemingly falters, and space dilates. Such states provide experience with a different altered sense of how we usually define or understand personhood.

With this work, and the research that goes into it, I set out to explore the fundamental conditions that create these states, the object and content of internal/external perception, and the cognitive apparatus of ones awareness, or core self.

Extra-ordinary states of consciousness affect subjective time and space. In such situations time, space and the awareness of oneself as a river of consciousness, are experienced diversely as types of felt time.

In the event of meditation, active immersion, deep sleep, moments of terror and transient loss of oneself, perception engages differently in self-reflection and the world. Therefore, an alteration to the regular awareness of the internal conscious experience of time and space becomes apparent. This, for example, can happen in a rather simple and immediate manner when ones awareness becomes absorbed in any of natures phenomena, momentarily forgetting oneself as mental and emotional experience merges in the sublime. Each work portrays different types of circumstances and phenomena wherein such states are experienced.

What do you make of the local visual arts scene? What would you change about it?

I dont really know how to answer this question, since Im kinda floating in and out

Silver River will be on display at Lily Agius Gallery, Cathedral Street, Sliema until November 16

Read more:
Floating in and out of the silver river | John Paul Azzopardi - MaltaToday

Written by admin

November 8th, 2019 at 4:41 pm

Renting the good life: Apartments no longer need be a temporary stop on the way to bigger and better things – National Post

Posted: at 4:41 pm


without comments

At 101 St. Clair, a midtown property from Camrost Felcorp, theres a 24/7 concierge as well as a day porter for package deliveries. Fitness facilities include a pool but also squash courts and a golf simulator room. Outside, theres a dog parkette and a barbeque space complete with a waterfall.

What residents at this upmarket building do not have, however, is a mortgage.

Not all that long ago, renting an apartment was considered a temporary stop on the way to bigger and better. Luxury, especially in real estate, was a commitment. But according to a 2017 report from RentCafe, an apartment search website, high-income tenants are the fastest-growing segment of the rental market.

Thats partly a reflection of downsizing Baby Boomers, who expect grand lifestyles even as they sell off the family pile. Its also a product of millennials need for flexibility (on average, they change jobs every three years). And in an era where you can rent the runway and lease a Porsche, why save for a down-payment on luxury living space?

Toronto developers certainly see the opportunity in purpose-built luxury rentals. For those who can afford the rent which can range from $2,400 a month for 600 square feet to upwards of $10,000 for expansive suites gone are the days of bleak, cookie-cutter buildings with tiny units and zero amenities. Instead, there are a growing number of units with high-end finishes and perks such as urban gardens, soundproof music studios and lavish common rooms.

THE SELBY

Situated between Yorkville and Cabbagetown, The Selby epitomizes the evolution of premium rentals. The 50-storey building from Tricon House was originally slated for condos. Now, in-suite Scavolini kitchens, keyless smart locks and walk-in closets give rentals (between 524 and 1093 square feet) an upscale feel.

Residents can also enjoy the buildings shared spa facility, games room and 3,500-square-foot BioSteel fitness facility inclusive of a spinning studio. Pet owners can take advantage of a private off-leash dog parkette and a doggie spa. Electric vehicle charging stations, on-site concierge and a Maison Selby bistro-lounge by Oliver & Bonanci round out the offerings.

THE LIVMORE

At Yonge and Gerrard, The Livmore by GWL Realty Advisors rents out units as small as 355 square feet as well as apartments in the 1,500-square-foot range. All tenants can access the outdoors care of a two-storey sky lounge on the 26th floor and a terrace on the fifth. The building also includes a 3,000-square-foot fitness centre with a yoga studio.

NIAGARA WEST

In the downtown core, at King and Bathurst, Mintos Niagara West is home to a rooftop playground that includes a swimming pool, lush greenery, a dog run and fire pits. The fitness centre has a sauna and steam room, and theres a fully-equipped games room. Units range between 419-square-foot studios and three-bedroom townhouses that clock in at 1,227 square feet. Over 50,000 square feet of retail space includes an in-building grocery store.

Some rental properties are also upping their game by offering exclusive events. This move seems designed to lure millennials, in particular, known for spending on doing rather than acquiring. According to a study by Harris Group, 72 per cent of Gen Y would purchase experiences over material goods such as fancy appliances, cars and, yes, real estate.

TWO ST. THOMAS

Two St. Thomas by BentallGreenOak and KingSett Capital, for example, will offer its Yorkville residents access to fashion shows and chef tastings. Tenants will also get preferred rates on purchases and in-home design consultations from Canadian furniture company EQ3. In addition, the style-conscious property boasts an international and Canadian art collection and a partnership with the ultra-trendy fitness club Equinox. Units range from 534 to 1428 square feet.

THE MONTGOMERY

At Yonge and Eglinton, The Montgomery by Rhapsody Living offers premium rentals on top of a preserved 1930s building. Floor plans range from 519 to 1088 square feet. Amenities in the boutique building, which has only 233 units, include an outdoor saltwater pool, a yoga studio and massage treatment rooms, a dog running area and a state-of-the-art fitness centre. In a progressive move, the building is also 100 per cent smoke-free. The Montgomery advertises future events, too, aimed at encouraging residents to engage with one another and the community.

FORMER HONEST EDS

As with condos, Toronto developers are also creating entire rental communities. At the former Honest Eds site, Westbank Corp is erecting three rental towers and more than 30 micro buildings for a total of 1,100 rental units over 4.5 acres of land. More than half of these will be two-bedroom spaces and larger, with some four-bedroom units. A daycare is in the works, as are bike and car co-op programs.

There will also be over 200,000 square feet of retail, a glass-roofed Mirvish Village Market and a curbless pedestrian-friendly road inspired by shared-living streets found in the Netherlands, known as woonerfs. Theres been talk of hosting Hot Docs movie nights on the street in partnership with the nearby Bloor Cinema and commissioning graffiti artists to paint murals. Live-work spaces, artist studios and a community garden round out the impressive plans.

With so many premium projects on the way, any stigma associated with renting is a relic of the past. Many new rental properties match, if not exceed, whats available in the buyers market. If luxury is defined by choice and personalization, theres more of it than ever in Torontos real estate market.

Go here to see the original:
Renting the good life: Apartments no longer need be a temporary stop on the way to bigger and better things - National Post

Written by admin

November 8th, 2019 at 4:41 pm

Door Access Control Readers Market to Observe Major Financial Boost in the Forecast Duration (2019-2026) | Market Expertz – Chronicle Voice

Posted: at 4:41 pm


without comments

This extensive analysis sheds light on an array of intangible aspects connected with the business such as important definitions, end use and total revenue garnered across different regions. The researcher has taken a conscious effort to get a closer look at some of the top performers of the Door Access Control Readers industry. Other essential aspects evaluated during research include import and export, demand and supply, distribution channel, gross margin and supply chain management. To add more credibility to the research the study examines the winning strategies adopted by the prominent vendors to maintain competitive edge worldwide. Vital statistics on the business performance is projected using self-explanatory resources charts, tables and graphic images

This study relies on the evolution of the industry to derive the trends that are observed. A significant increase in the global market is visible, which promises the expansion of the market in the coming years.

The report focuses on the emerging sectors of the industry and their potential impact on the growth of the market in the forecasted duration. It highlights the concentration of the consumer bases of key companies geographically and the contribution of these companies to the regional economy. The study gives a historical analysis to draw the prospective growth of the market size, share, trends, overall earnings, gross revenue, and net value. It provides a detailed outlook of the market along with expert insights to assist the readers in their investments.

Click To get FREE SAMPLE PDF (Including Full TOC, Table & Figures) @https://www.marketexpertz.com/sample-enquiry-form/56324

The major manufacturers covered in this report:

Dormakaba Holding AG (Switzerland)Identiv, Inc. (US)IDEMIA Group (France)Allegion plc (Ireland)Gemalto N.V. (Netherlands)Nedap N.V. (Netherlands)NAPCO Security Technologies, Inc. (US)

Create an everlasting reputation:The report on global Door Access Control Readers market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.

Vital statistics associated with the sudden shift in the customer preference, production capability; region-wise sale, profit and total revenue are showcased through detailed charts, tables and graphic images.

Most important Products of Door Access Control Readers study covered in this report are:

Card-based ReadersBiometric ReadersMulti-technology Readers

Most important Application of Door Access Control Readers study covered in this report are:

CommercialGovernmentResidential

!!! Limited Time DISCOUNT Available!!! Get Your Copy at Discounted [emailprotected]https://www.marketexpertz.com/discount-enquiry-form/56324

The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Door Access Control Readers industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Door Access Control Readers industry.

The market intelligence report combines the best of both bottom-up as well as top-down techniques to verify and predict the growth of the Door Access Control Readers industry worldwide. While assessing the global size of the industry, researchers also examine the dependent submarkets.

The research comprises of an extensive application of qualitative and quantitative methods to identify the impact of technological developments in the field and options available in the Door Access Control Readers business.

Key Coverage of the Report

Region and country-wise assessment from the period 2016-2026. For the study, 2016-2017 has been utilized as historical data, 2018 as the base year, and 2019-2026, has been derived as forecasts for the Door Access Control Readers market.

Regional Competitors pipeline analysis.

Demand and Supply GAP Analysis.

Market share analysis of the key industry players.

Strategic recommendations for the new entrants.

Market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets.

Industry Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and recommendations).

Strategic recommendations in key business segments based on the market estimations.

Competitive landscaping mapping the key common trends.

Company profiling with detailed strategies, financials, and recent developments.

Browse Full Report [emailprotected]https://www.marketexpertz.com/industry-overview/global-door-access-control-readers-market

Get to know the business better:The global Door Access Control Readers market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one thats better than others.

Why Choose Market Expertz?

Have Any Query? Ask Our Expert @https://www.marketexpertz.com/customization-form/56324

View post:
Door Access Control Readers Market to Observe Major Financial Boost in the Forecast Duration (2019-2026) | Market Expertz - Chronicle Voice

Written by admin

November 8th, 2019 at 4:41 pm

Joey Choy is the Val Garland-trained artist creating fun, vibrant looks – Dazed

Posted: at 4:41 pm


without comments

From digital artists to photographers, body sculptors and hair stylists to make-up and nail artists, in ourSpotlight series, we profile the creatives tearing up the rulebook in their respective industries.

Creating art on a human is like a visualisation of a character, a personality. Technically it can be an enhancement or a disguise, says make-up artist Joey Choy. It's something beyond beauty that we are trying to capture I suppose.

2020 is set to be a big year for Joey Choy. After eight years assisting the legendary Val Garland, four of those spent as her first assistant, the make-up artist has broken out on her own and is ready to take on the world.

Originally from Hong Kong, Choy graduated with a computer engineering degree before realising that spending her days on a computer was not her life goal and her real passion lay in art and human interaction. After a period as a bridal hair and make-up artist in Taiwan, Choy decided it was time to learn from the best of the best in the world, and went to London to try her luck at working with Val. The move paid off and she spent the next following years assisting on some of the most important names and shows in the industry and learning at the feet of the master.

One of the biggest things I've learnt from Val is: Nothing is impossible, Choy tells us. Being a great make-up artist is not just about make-up. There is so much more to bring to people than just drawing faces.

With an eye for colour and an instinct towards experimentation and the unknown, Choys work sizzles with excitement. Always fun and vibrant, the looks are designed to provoke feelings. There are copiers and then there are visionaries, Garland said about her assistant last year. Joey is a great visionary.

Here Choy talks to us about being inspired by Sailor Moon, working with Garland and her relationship with beauty.

Do you remember the first time you were conscious of your appearance?

Joey Choy: My sister is just one year older than me. I still have this visual memory that we were both jumping on our trampoline AKA the sofa at home as you do when you were five, looking at the mirror in front of us. It was then I realised that I had eyebrows while my sister didnt. Thats the first time ever I thought I looked really weird with two caterpillars crawling on my forehead.

Growing up, what informed your understanding of beauty and identity and the way you presented yourself visually?

Joey Choy: I watched a lot of Japanese anime when I was a kid, I guess we all do in Asia. I was always fascinated by their enormous eyes that cover a third of their face and their superpowers that can only exist in our imagination. It was Sailor Moon that taught me girls can also be warriors. I always try to draw my eyes as big and round as possible. Im physically quite small and maybe thats why I always like to wear clothes and shoes that give me more of a structure and height, accessories that add a bit of toughness into my otherwise cute look. Natalie Portman in the movie Leon: The Professional has definitely influenced my love of chokers ever since.

Why are you a make-up artist? Is it something you learnt or is it more instinctual?

Joey Choy: Giving up the office work that I had in the past to become an artist was a risky but a decision I never regretted. I always want to do something unique, something that I can prove to others that only I could have done it, something that I can put my signature on it.

I always think that whether its make-up, painting, poetry, music, or art, they all come from the same origin, inside the mind. The rest are just techniques that you can learn, your choice of tools and medium to express. I believe that the nucleus of art is instinctual and fundamental in all humans. It exists as emotions in our mind. However, its always a blessing that some of us are able to use our skills to release our inner soul, to free our individuality.

Can you tell us a bit about your creative process, from initial idea to final image?

Joey Choy: My creative process always starts from the vibe. I always want to know what the lighting is, the styling, the music etc. because all of these give us an idea of the mood that we want to create. And then its a little rummage of imaginations and things that evolve from this mood. After that, its using whatever tools I can get to visualise the idea in real.

Is beauty something you try to capture in your work or something that you reject?

Joey Choy: Beauty is a religion. Beauty is an attitude. Beauty has no protocol. The perception of beauty is different in different eras, different cultures, different subcultures. Creating art on human is like a visualisation of a character, a personality. Technically it can be an enhancement or a disguise. Its something beyond beauty that we are trying to capture I suppose.

What are the projects that youre most proud of?

Joey Choy: Working for the make-up master Val Garland while getting an MBA. This proved to myself that if you really want something enough, you will find your way.

How has the experience been working with Val Garland?

Joey Choy: From the impossible to the possible, from a dream to a dream-come-true. The experience working with Val was quite surreal, to say the least. Its like a highly intensive master class that not only trained technicality but also imagination, reality, professionalism, communication, logistics and leadership. Its like watching a reality show to see how all the magic happens. The difference is, I was in this show. All these invaluable experience with Val will definitely shape the way I think and create on an atomic level.

What should make-up bring to a shoot or runway show?

Joey Choy: Something that completes the personality of what we want to create. Its part of the puzzle.

How do you use make-up to tell a story or convey emotion?

Joey Choy: Very often, we think doing make-up is to make someone look and feel good. Its true in a way, but more than that, we are creating a character. Make-up can also be used to alter your facial expressions and thats how we convey the emotional states of an individual.

Looking back what would you have done differently?

Joey Choy: Sleep more!

How do you think the industry has evolved since you first started out?

Joey Choy: When I first started out, everything was magical, everything was a mystery. These days, everyones a director of their own channel. Everyone has a platform to speak publicly, whether or not you are aware of that. The evolution of social media allows everyone to have a voice. Ideas go viral in seconds. Some people hate it, some people love it. I guess being humans ourselves who put all this technology into reality, we have to embrace the pro side of what all these mean to us. Its fast, its furious. But thats how we force ourselves to create something that is otherwise unimaginable a few years back then.

How do you think our understanding of beauty has shifted with the evolution of technology?

Joey Choy: With the evolution of technology, our understanding of beauty has shifted to the fine-tuning of ingredients and skills to create personalised products and experience. Instead of standardising formula, technology allows us to understand that beauty is unique to each individual.

In order for brands to stand out, its the idea of customisation, the prestige feeling of having or enjoying something that is specially created for you that customers are after.

What advice would you give to young artists hoping to get into the industry?

Joey Choy: I myself am still trying to get into the industry I guess! Not able to give any practical advice yet but still believing in my mantra: Do what you love and love what you do. Remember, the subject of fashion and beauty is always human. As well as creating art, we need to care about how the client and the people around you feel. Being vigilant is key.

What is the future of beauty?

Joey Choy: At a product level, the future of beauty is about sustainability, from sustainable packaging to sustainable ingredients. At a conceptual level, its about the blending of beauty and intelligence. Its not just about the way we look, but its also what you have inside that makes you glow.

Read more:
Joey Choy is the Val Garland-trained artist creating fun, vibrant looks - Dazed

Written by admin

November 8th, 2019 at 4:41 pm

Automotive Seatbelt Pre-Tensioners Market analyzes the impact followed by restraints and opportunities and projected developments (2019-2026) -…

Posted: at 4:41 pm


without comments

This extensive analysis sheds light on an array of intangible aspects connected with the business such as important definitions, end use and total revenue garnered across different regions. The researcher has taken a conscious effort to get a closer look at some of the top performers of the Automotive Seatbelt Pre-Tensioners industry. Other essential aspects evaluated during research include import and export, demand and supply, distribution channel, gross margin and supply chain management. To add more credibility to the research the study examines the winning strategies adopted by the prominent vendors to maintain competitive edge worldwide. Vital statistics on the business performance is projected using self-explanatory resources charts, tables and graphic images

This study relies on the evolution of the industry to derive the trends that are observed. A significant increase in the global market is visible, which promises the expansion of the market in the coming years.

The report focuses on the emerging sectors of the industry and their potential impact on the growth of the market in the forecasted duration. It highlights the concentration of the consumer bases of key companies geographically and the contribution of these companies to the regional economy. The study gives a historical analysis to draw the prospective growth of the market size, share, trends, overall earnings, gross revenue, and net value. It provides a detailed outlook of the market along with expert insights to assist the readers in their investments.

Automotive Seatbelt Pre-Tensioners are a component of the seatbelt system which locks the seatbelt in place during a crash.

Click To get FREE SAMPLE PDF (Including Full TOC, Table & Figures) @https://www.marketexpertz.com/sample-enquiry-form/54441

The major manufacturers covered in this report:

AutolivJoyson Safety SystemsZF FriedrichshafenDelphi AutomotiveTokai RikaITW SafetyAmSafeHyundaiIron Force IndustrialFar Europe HoldingDaicel CorporationAshimori Industry

Create an everlasting reputation:The report on global Automotive Seatbelt Pre-Tensioners market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.

Vital statistics associated with the sudden shift in the customer preference, production capability; region-wise sale, profit and total revenue are showcased through detailed charts, tables and graphic images.

Most important Products of Automotive Seatbelt Pre-Tensioners study covered in this report are:

Buckle PretensionerRetractor PretensionerOthers

Most important Application of Automotive Seatbelt Pre-Tensioners study covered in this report are:

Passenger CarsCommercial Vehicles

!!! Limited Time DISCOUNT Available!!! Get Your Copy at Discounted [emailprotected]https://www.marketexpertz.com/discount-enquiry-form/54441

The industry experts have left no stone unturned to identify the major factors influencing the development rate of the Automotive Seatbelt Pre-Tensioners industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the Automotive Seatbelt Pre-Tensioners industry.

The market intelligence report combines the best of both bottom-up as well as top-down techniques to verify and predict the growth of the Automotive Seatbelt Pre-Tensioners industry worldwide. While assessing the global size of the industry, researchers also examine the dependent submarkets.

The research comprises of an extensive application of qualitative and quantitative methods to identify the impact of technological developments in the field and options available in the Automotive Seatbelt Pre-Tensioners business.

Key Coverage of the Report

Region and country-wise assessment from the period 2016-2026. For the study, 2016-2017 has been utilized as historical data, 2018 as the base year, and 2019-2026, has been derived as forecasts for the Automotive Seatbelt Pre-Tensioners market.

Regional Competitors pipeline analysis.

Demand and Supply GAP Analysis.

Market share analysis of the key industry players.

Strategic recommendations for the new entrants.

Market forecasts for a minimum of 6 years of all the mentioned segments, and the regional markets.

Industry Trends (Drivers, Constraints, Opportunities, Threats, Challenges, and recommendations).

Strategic recommendations in key business segments based on the market estimations.

Competitive landscaping mapping the key common trends.

Company profiling with detailed strategies, financials, and recent developments.

Browse Full Report [emailprotected]https://www.marketexpertz.com/industry-overview/global-automotive-seatbelt-pre-tensioners-market

Get to know the business better:The global Automotive Seatbelt Pre-Tensioners market research is carried out at the different stages of the business lifecycle from the production of a product, cost, launch, application, consumption volume and sale. The research offers valuable insights into the marketplace from the beginning including some sound business plans chalked out by prominent market leaders to establish a strong foothold and expand their products into one thats better than others.

Why Choose Market Expertz?

Have Any Query? Ask Our Expert @https://www.marketexpertz.com/customization-form/54441

Read the original:
Automotive Seatbelt Pre-Tensioners Market analyzes the impact followed by restraints and opportunities and projected developments (2019-2026) -...

Written by admin

November 8th, 2019 at 4:41 pm

Evolution of the green Tories: Conservatives in B.C. fight to convince voters they are eco-friendly – National Post

Posted: October 20, 2019 at 9:03 am


without comments

PARKSVILLE Like most candidates running for office on Vancouver Island, Byron Horner spends a lot of time talking about the environment. His campaign promises to put a tighter squeeze on heavy polluters, invest in offshore spill response, and implement a national recycling program.

Just one hitch: hes a Conservative.

For some, the notion of an eco-friendly Tory might present an absurd paradox especially here on the island, where environmentalism can seem more a religious devotion than simple political preference. But Horners riding of CourtenayAlberni, which divides the island between north and south, overlaps with what has long been a Conservative stronghold.

Conservative MP James Lunney had represented the region for many years since 2004, part of a long list of right-leaning politicians that stretch back to the 80s. North of CourtenayAlberni, Conservative candidate Shelley Downey is in the running to win the sprawling riding in the northern half of the island, which has long been a tight race between Conservatives and the NDP (the Liberals have not won a seat north of Victoria for decades).

People here tend to be a little greener than the average Conservative member, says Horner, who lives in the small city of Parksville along the eastern coast of the island.

Horner himself was executive producer of the Great Bear Rainforest documentary, narrated by Canadian movie star Ryan Reynolds, which sought to raise awareness about extinction threats in the highly sensitive habitat.

The region around Parksville, unlike the urbanized south, has a long history of industrial activity, particularly forestry. Labourers wearing Carhartt jackets drive heavy work trucks. Equipment rental yards and fish bait shops dot the towns outer limits. A pub near the towns main road goes by the name Rod & Gun.

Locals know this, but there is a perception among others that the island is all Green, its la-la land, its the Left Coast all of that kind of stuff, Horner says from his campaign office, across the street from the Georgia Strait.

The campaign by Horner, who claims to be among the next generation of Conservatives who make the environment a priority, points to a growing divide within small-c conservative circles over whether the party needs to adopt more stringent policies as a way to win over younger, more eco-minded voters. The partys opposition to carbon taxes widely viewed as an inherently conservative policy has already turned off many voters in the region.

Several Conservative candidates who spoke to the National Post acknowledge that running as a Conservative on Vancouver Island is tough business, particularly amid rising anxieties over climate change.

Sometimes I get snickers at the door, says Richard Caron, Conservative candidate in Victoria. He adds, however, that some residents take a more pragmatic view that involves making sure the economy stays strong in conjunction with the environment.

Gord Johns, the NDP incumbent in CourtenayAlberni, scoffs at the notion of Conservative candidates running on environmentally conscious platforms. A majority government under Stephen Harper has left deep distrust of the party in the riding, he says.

They were invisible when it came to the environment, says Johns.

The previous Harper government slashed $100 million in funding to the Department of Fisheries and Oceans in 2013, including to the Coast Guard, which helps protect against ecological mishaps. Some voters claim the Conservatives did little to clean up the many abandoned sea vessels moored around the island, which have created safety hazards and blocked fishing routes, straining the patience of locals.

Most of all, Conservative opponents say voters express concern over the partys climate plan, which has been dismissed by some as not going far enough to reduce greenhouse gas emissions.

There is a perception among others that the island is all Green, its la-la land, its the Left Coast

Johns notes the cuts to the Coast Guard, a failure to address GHG emissions, and the snubbing of First Nations as reasons for the distrust (Horner himself mentions cuts to the Coast Guard unprompted).

People dont have amnesia here, theyre being constantly reminded of the failure of the Conservatives to stand up for coastal British Columbians, Johns says.

The Conservatives under leader Andrew Scheer have been staunchly opposed to the Liberal carbon tax, and have promised to repeal the policy on their first day in office, should they win the election (such a move would have no impact in B.C., where a provincial carbon tax has already been in place for years).

The party has long pushed back against policies that would rapidly reduce GHG emissions in Canada, arguing that other major polluters including the U.S., China, and India would continue to belch out the majority of the worlds emissions regardless. Even under Liberal leader Justin Trudeaus economy-wide carbon tax, Canada is still set to miss its 2030 Paris targets by a sizeable margin.

Still, economists and environmentalists roundly lambasted the Conservatives climate plan when it was released this summer. Mark Jaccard, a professor at Simon Fraser University, estimated that emissions under the Conservative plan would actually rise.

I think weve evolved as a party

The plan involves a slight lowering of the threshold for heavy emitters who pay taxes on carbon emissions, a tax credit for energy friendly home retrofits, and a tax cut on incomes generated from clean energy technologies.

It also includes a $250-million fund that would invest $1 in clean technologies for every $4 invested by the private sector. Conservatives say the fund would differ from the Liberals $600-million clean tech fund because it would be managed by the private sector, though few details of the fund are laid out in the plan.

Some conservationist-minded Conservatives claim that opposition parties have wrongly pigeon-holed the party as being anti-environment.

In politics perception is everything, and the perception of Conservatives as people who dont care about conservation is something that I dont understand, and has frustrated me, said Robert Sopuck, a long-time Conservative MP from Manitoba, who helped author the Conservative environment plan.

Sopuck sat on both the fisheries and environment committees during his time in office, and has won awards from a provincial wildlife federation for his conservation efforts. He is retiring from office this year.

He says that recent concerns over GHG emissions has overshadowed other, more tangible, ecological issues that are of more concern to voters: waning fish stocks, invasive species, rising extinction rates, wetlands losses and declining water quality.

Climate change killed conservation, he says. Almost the entire suite of conservation issues in this country have been forgotten because all we talk about is CO2 emissions.

Years of decline in the islands forestry industry could help bolster Conservative candidates, who have taken a more explicitly industry-friendly position than their opponents. Downey, who is running in North IslandPowell River, said GHG emissions are important to her voters, but many are more interested in policies that dont threaten industry of any kind.

Ive heard some people say they will vote Green because that would be the best way to look after the environment, but theyre looking at the issue one way, not at the whole picture, she says.

Downey is running against NDP incumbent Rachel Blaney, who in 2015 became just the second NDP candidate to win in the riding since 1997.

For Horner and others, convincing outsiders of their environmental credibility is likely to prove an uphill battle. Horner goes as far as to distance the Tories from the former Harper government a position that is unlikely to receive widespread support within the party.

We have a leader who never served in the previous governments Cabinet, he says of Scheer.

Horner serves as president of Vancouver-based CopperLion Capital, a firm that oversees investments on behalf of Kyle Washington, son of American billionaire Dennis Washington, who owns stakes in Canadian assets including two diamond mines in the North and a barge logistics firm. He is a staunch supporter of the Conservative climate plan, but likens the need to promote a more environment-friendly message to a pragmatic business decision.

Political parties are selling a product, he says. Im a businesspersonif you dont adapt to what the marketplace is wanting, your product is not going to sell and youre going to close your doors, Horner says.

I think weve learned, and I think weve evolved as a party.

Email: jsnyder@postmedia.com | Twitter:

Original post:
Evolution of the green Tories: Conservatives in B.C. fight to convince voters they are eco-friendly - National Post

Written by admin

October 20th, 2019 at 9:03 am

The evolution of fraud and security – Is it a numbers game or can it be calculated? – Finextra

Posted: at 9:03 am


without comments

Financial services remain a favoured target of skilled cybercriminals, which has left the industry scrambling to keep pace. Yet, if we consider the recent advancements in technologies such as artificial intelligence and the pressing reality that fraud is likely to become more targeted, could fraud actually be calculated and predicted?

Theres no doubt that fraud places a heavy cost on financial institutions as they struggle to combat attacks and outright theft, as outlined in McAfees report[1] which estimates cybercrime currently costs the global economy $600billion, or 0.8% of global gross domestic product.Not only are financial institutions under pressure to leverage digital capabilities to provide added-value services, usually via online offerings to customers, but they must also protect the increased volume of consumer data that has been created as a result. This data pot has become just as lucrative to cybercriminals as physical theft and hard currency.

As a result of some high profile cybersecurity breaches and threats, the UK general public has become much more security conscious when it comes to their own data protection, but also the approach service providers take to security and the protection of their data. In fact, recent research revealed 41% of British consumers said they will stop all spending with a business or brand following a data security breach[2]. This means financial institutions must ensure attention is paid to addressing consumer concerns and security must be a priority in all customer engagement initiatives and across all channels - placing even more importance upon the ability to leverage innovative technology to calculate threats.

At the same time, its vital to ensure that the usability of digital services dont suffer as a result of multiple layers of security. For example, when a consumer logs into a banking app they need to feel confident that adequate security is in place -but it needs to be integrated into the experience seamlessly and not feel like an onerous task for the customer. Maintaining a balance between usability and security is imperative to putting customers first and also to providing differentiation of offerings in the market, and ultimately stand out from competitors.

To move on, we must consider the reality that the digital revolution has presented financial institutions with equal opportunities and risks, and likewise for cybercriminals and fraudsters. However as security threats evolve, so do counteracting solutions. For example, while AI technology is in a juvenile state when it comes to its learning and development, this and other automated fraud detection tools are getting smarter by the day. These types of technology can play a key role in detecting threats early, which is key. Financial institutions can leverage AI to bolster their security posture and identify anomalous behaviour to manage targeted fraudulent attacks before they arise and dent the customers wallet.

Thanks to advancements in technology, being able to monitor and audit activity across the organisation means fraud can be caught in real-time and even in certain scenarios calculated in advance. Combining science, technology, structure and a good measure of expertise is certainly allowing some organisations to manage fraud with much greater certainty. Whilst well never be able to predict all attacks, the right approach is certainly helping to stop crime in its tracks.

[1] https://www.mcafee.com/enterprise/en-us/assets/reports/restricted/rp-economic-impact-cybercrime.pdf

[2] https://www.pcipal.com/en/knowledge-centre/press/uk-consumers-more-likely-than-us-to-change-spending-habits-following-data-breaches/

Excerpt from:
The evolution of fraud and security - Is it a numbers game or can it be calculated? - Finextra

Written by admin

October 20th, 2019 at 9:03 am

Jeff Tweedy talks Wilco’s new album, past Dallas shows and why the Rock & Roll Hall of Fame is bogus – The Dallas Morning News

Posted: at 9:03 am


without comments

Jeff Tweedy has operated as a one-man band in recent years, releasing three solo albums, touring as a solo act and publishing a witty warts-and-all memoir, Lets Go (So We Can Get Back).

Yet there was never any doubt hed return to Wilco, the shape-shifting rock group hes led since 1994. Earlier this month, the Chicago band released Ode to Joy its 11th album and its best work in ages and hit the road for a tour that comes to Toyota Music Factory on Wednesday.

We talked to Tweedy about the new album, his previous trips to Dallas and why he thinks the Rock & Roll Hall of Fame is a whole lot of hooey.

The interview has been edited for clarity.

Most fans dont think of Wilco as a political band, per se. But in new songs like Before Us and Citizens, its obvious youre upset about everyday violence in our society and lies being told by various people in high places.

Weve always tried to be engaged without being didactic or strident in our rhetoric. But in this era, there are a lot of oppressive things everyone is swimming around in. On the one hand, I dont really want to give that much acknowledgement [to oppressors]. On the other hand, it would be inaccurate if what Im working on did not reflect a certain state of mind and the exhaustion that comes with this constant, daily assault on reality. Were all seeing what were seeing, and it needs to be apparent in the music were making.

One of your new lyrics that jumped out at me is the line Im worried about the way were all living.

I mean, like, were transforming our bodies our necks are going to be different in 100 years if we keep looking at our phones the way we do today. I think its pretty pervasive, and the technology is pretty far ahead of our emotional evolution and maybe even our physical evolution.

Speaking of phones, Wilco was one of the first bands to put signs outside concert halls asking fans to put away their phones and not take photos and videos during the show. Do you still do that?

No. Im not going to die on that hill anymore. Ive lost that battle.

Its one of my least favorite things in the world, to have someone in the front row sticking a camera in my face, you know? Ive tried to find some tolerance, and Ive tried to examine what bothers me about it, and one of the things is I dont like the way I look. I used to fear there was, you know, a YouTube channel devoted entirely to me forgetting lyrics, or looking like an ass or something. And Ive come to the conclusion that nobody ever looks at these things again.

I think its rude to the people around you. I think its rude to the performers. But at the end of the day, its a pretty minor infraction in the grand scheme of things.

Wilcos music tends to evolve from one album to the next. How did you challenge yourself on Ode to Joy?

I definitely feel like we concentrated on taking apart the traditional rock rhythm section. I mean, a lot of hip-hop records in the last three or four years have been way more exciting to me than a lot of rock records, and part of it is because theyre not mired in legacy.

The whole point is to always be pushing forward to find the new thing, and I think rock music has lost sight of that future. I dont think rock music will ever gain that relevance back, certainly not by being self-conscious and more concerned with preserving its status than with liberation and freeing yourself.

I just think that in rock music, a drum kit is a drum kit, and thats it. But on a hip-hop record, the drum could be, you know, a piece of paper being ripped, or a trumpet thats been sequenced like a drum pattern. The whole point of art is to get you to see things that are there that youve ignored, and to see things that you didnt know were there.

You played a solo acoustic show in March at the Majestic Theatre where two drunk fans kept yelling and singing loudly off-key. You ridiculed them and had fun with it, and they were eventually asked to leave the theater. As someone whos quit drinking, whats it like having to deal with that kind of thing?

There are times onstage where I feel like Im [struggling] to figure out what the right move is to control the environment and not have the show devolve into something unpleasant. But Ive never had a difficult time dispatching drunks. Theyre like low-hanging fruit to me because you just present them to the audience. The reality that theyre missing [in their drunken state] is that youre not playing for them. Youre playing with them. Its not a movie. Its not pre-programmed. Its interactive. Theyre a part of it.

Its been almost 25 years since Wilco released its debut album, which means youre eligible for induction into the Rock & Roll Hall of Fame. Is that something you ever think about?

I have a tough time picturing that happening. There are tens of thousands of artists that [should] be ahead of us that arent even in the discussion. In general, I think its jive, and I think its a money-making boondoggle for some people, and sort of a tax scam for the people of Cleveland. Thats how I feel about it.

Wilco played Trees in 1996 when there was a ton of buzz surrounding your second album, Being There. That night, you played a wonderfully tongue-in-cheek version of the Shirelles Will You Love Me Tomorrow. All these years later, do you still worry fans will lose interest in the band?

I do remember covering that song, but I wasnt thinking Will you still love us if were no longer a buzz band? It was more like, Will you still love me after you see how goofy I am and how Im not-too-completely-together as a person. [Laughs]

Im fine with the idea that fans jump off and find other things, and I think there is a distinct likelihood that as a band gets older, you have some gentle decline [in audience size]. But I dont have any intentions of surrendering to that. Every time I make a record, Im invigorated by the notion that we can reach out and connect with someone new. We always have something to prove. We always feel energized by people betting against us.

Wilco and opening act Molly Sarl perform Wednesday at 7:30 p.m. at Toyota Music Factory, 300 W. Las Colinas Blvd, Irving. http://www.livenation.com

The rest is here:
Jeff Tweedy talks Wilco's new album, past Dallas shows and why the Rock & Roll Hall of Fame is bogus - The Dallas Morning News

Written by admin

October 20th, 2019 at 9:03 am


Page 42«..1020..41424344..50..»



matomo tracker