Weekend Update #032
Welcome to Blue Room's Weekend Update. Each week, we're sharing what companies we're researching and the what, the who and the how that we think makes the companies interesting and unique. This roundup is brought to you weekly by a group of interns, creative minds, artists and investors who believe that through best in class investing along with the democratization of financial education we can do great things together. Enjoy, Explore and Share.
DOMESTIC AIR TRAVEL RETURNS
TSA clocked nearly two million airline passengers traveling for Memorial Day weekend which is the highest number since covid began. This points to people getting more comfortable with air travel now that vaccinations are readily available.
JOBLESS CLAIMS DROP AGAIN
Weekly jobless claims fell to 385,000 last week, marking the fifth straight week that new filings fell. The four-week average of initial claims is now 428,000, the lowest point since the pandemic began, but still above the pre-pandemic level of 220,000 in the year before the pandemic, pointing to a healing labor market.
Caveat: we are not certain how much of this captures folks who are unemployed but not looking for employment, i.e. not participating in the labor market.
CHINA SHIFTS TO ALLOW THREE CHILDREN PER FAMILY
After releasing data indicating the largest population slow-down in decades, China allows couples to have three children, as of May 31.
Source: China Statistical Yearbook
Image Source: Harvard Business Review
On May 1, in Newsletter No. XXVII, I initiated coverage on Mind Medicine, Inc. (NASDAQ: MNMD), the biotech company that is currently assembling a drug development pipeline based on psychedelic substances, including psilocybin, LSD, MDMA, DMT, and the Ibogaine derivative, 18-MC.
I’d like to further explore each of these compounds, the indications they are addressing, and also touch on the various other public companies that are also doing important research in these areas, all in effort to help the millions of people suffering from mental health disorders, including military veterans suffering from PTSD.
Recently the exchange-traded fund PSY came to market, providing yet another avenue for investors to invest in companies seeking alternative methods of addressing the worsening mental health issues plaguing not just the US, but the entire world.
Despite the COVID-19 pandemic’s hindrance of social group interaction and mobility of people that promote content creation and use of Snapchat, the platform’s daily active user count has continued to grow, surpassing 280 million DAUs in Q1 2021. As life increasingly returns to normal at the end of the pandemic, Snapchat should be even better positioned for use and engagement, especially with features such as Snap Map and geographically-based filters.
At the 2021 Morgan Stanley Technology, Media and Telecom Conference, Evan Spiegel (Chief Executive Officer and Co-Founder) reinforced the company’s projections of 50% revenue growth for the next 2-3 years, even with zero growth in active users or engagement.
With quarterly average revenue per user (ARPU) reaching $2.74 in Q1 2021, deep user engagement, high investment into innovation of features, expansion of developer platforms for Snapchat’s Creators, and a growing number of partnerships across the digital and e-commerce space, Snap Inc. believes itself to be positioned for strong growth in the next few years.
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TESLA
BULLPEN INVESTOR PRESENTATION BY
+ JULIA MARTIN +
2021 06 03— BLUE ROOM Investment Team Bullpen
Thursday
June 3, 2021
9:30 AM
BLUE ROOM
Investment Team Bullpen
__________ __________
Spring 2021 Internship Class
Investment Presentations:
+ Tesla (TSLA) by Julia Martin
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LOWE’S
BULLPEN INVESTOR PRESENTATION BY
+ MAX PUMILIA +
2021 06 03— BLUE ROOM Investment Team Bullpen
Thursday
June 3, 2021
9:30 AM
BLUE ROOM
Investment Team Bullpen
__________ __________
Spring 2021 Internship Class
Investment Presentations:
+ Lowe's Companies (LOW) by Max Pumilia
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MICROSOFT
BULLPEN INVESTOR PRESENTATION BY
+ EMMA LEARY +
2021 06 03 — BLUE ROOM Investment Team Bullpen
Thursday
June 3, 2021
9:30 AM
BLUE ROOM
Investment Team Bullpen
__________ __________
Spring 2021 Internship Class
Investment Presentation:
+ Microsoft (MSFT) by Emma Leary
///
NORTHERN TRUST
BULLPEN INVESTMENT PRESENTATION BY
+ KAT PARADISE +
2021 06 04 — BLUE ROOM Investment Team Bullpen
Friday
June 4, 2021
9:30 AM
BLUE ROOM
Investment Team Bullpen
__________ __________
Spring 2021 Internship Class
Investment Presentation:
+ Northern Trust (NTRS) by Kat Paradise
///
HILTON
A BULLPEN INVESTOR PRESENTATION BY
+ ELIZABETH ORECCHIA +
2021 06 04 — BLUE ROOM Investment Team Bullpen
Friday
June 4, 2021
9:30 AM
BLUE ROOM
Investment Team Bullpen
__________ __________
Spring 2021 Internship Class
Investment Presentation:
+ Hilton Worldwide Holdings, Inc (HLT) by Elizabeth Orecchia
DNMOR 2021 Q1
DANIMER EARNINGS CALL
++ TRANSCRIPTION ++
Omar Guzman
Blue Room Team Leader
A
R
T
JAIME CARREJO:
WAITING
Jaime Carrejo: Waiting presents a new installation by the Denver-based artist that explores the relationship between confinement and duration. Through a layering of Southwestern symbolism, mid-century design, and objects from his own domestic space, Carrejo offers an environment reminiscent of an interior waiting room and exterior courtyard. These settings intend to prompt reflection on various physical and psychological barriers experienced during the pandemic but also pose the question of what will come after this extended period of waiting.
Penny Admission for Colorado Residents.
Monday
May 31, 2021
8 AM MT / 9 PM VN
Memorial Day
The Year — "after" — COVID-19
+
Virtually, but in front of all via Zoom,
and Vimeo,
Blue Room joined the Noble Network,
Which we commemorated in a signing ceremony.
+
While the United States population is going back to an opening economy, in Vietnam, the coronavirus is making waves again due to new variants from overseas.
+
Our company is honored to be part of such esteemed and like minded business leaders who believe that people matter and how you do business matters.
Thank you so much.
We are honored to take this small step forward to build business and personal interconnected relations between our two countries, the United States and Vietnam.
__________ __________
Noble Network JSC
International Trade Consultants
Hanoi, Vietnam
noblenetwork.vn/
August 5, 2019
+ "New Dimensions in Business"
resourceexchangeinternational.org/post/new-dimensions-in-business
=
CORN WITH MORE PROTEIN
— NON-GMO —
CLIMATE + SUSTAINABILITY
LESS ACREAGE NEEDED. LESS WATER NEEDED.
JIM HERGENREDER of
TWIN PEAKS
+
ELO LIFE SYSTEMS
—OF PRECISION BIOSCIENCES—
🌽+💎🙌
Jim Herdenreder of Twin Peaks
Jim has personal experience of 20+ years creating corn hybrid programs at the expert level where he has cultivated research partnership programs in places as exotic as Hawaii and Puerto Rico. He has developed very interesting species of corn in a variety of colors — blue, red and purple.
After our recent meeting w ELO Life Stystems (subsidiary of DTIL) Jim believes we can marry his 20 years of experience with his knowledge of seed sourcing with ELO / gene editing to make non-GMO corn with double the amount of protein at roughly 20%.
One major benefit is to create more nutritious food for humans as well as for livestock development. Another major benefit would be environmental because with twice the protein per ear, the crop would need half the acreage to supply the same benefits resulting in less water and fertilizer needed. Currently we are mining top soil to feed animals (and create fossil fuel) eating up resources — if we make more nutrient dense feed, the rest of the acreage wouldn’t have to be worked so intensely.
This could all happen out of Twin Peaks in Longmont, Colorado — in five years we could have the sufficient quantity to make a commercial size crop.
Due to our trade relationships with agriculture companies in Vietnam — we are on our way to a conduit to source, develop and employ our product.
This is one small achievement we can align around as a goal for our local, regional and global community.
/ THE \
MADELON GROUP
_UPDATE_
Our partners at The Madelon Group created REDtech to transform the way buildings are designed, financed, built and operated. Creating a more affordable, experience driven living for all.
Madelon introduces the ODU
Cities are one of humanity’s greatest inventions. They are a constant reminder of the capabilities of humans to organize and coexist within an expansive collective consciousness. They are detonators of culture and home to some of our greatest innovations. However, cities evolve and the increasing density causes the financial, social, and technological structures that govern them to shift in different directions. Benefiting some, and leaving a large sector of the population significantly burdened by the economic and emotional struggles brought by these changes, particularly when it comes to housing.
As a response to this seemingly perpetual housing crisis, Madelon has created the Optimized Dwelling Unit, an adaptable code-compliant modular unit that uses highly efficient spatial design and occupancy parameters to deliver the dwelling unit of the cities of the future. The modular nature of our ODUs facilitates a streamlined production of housing units where they are needed most while providing space for flexibility and adaptability to the environmental, financial, social, and zoning particularities of any city.
DANE ANDREWS OF THE MADELON GROUP & REDTECH SHARES THE LATEST UPDATE.
Be one of the first to test out Madelon REDtech Beta platform.
++
JUST
— CAUSE —
__________
JUNE 06
POP UP WITH
THE CONSCIOUS MERCHANT
PLEASE JOIN TO
REDUCE >> REUSE >> REFILL
Today 9am-2pm
“We are only as good as the company we keep.”
-Osgoode Sinclair Philpott-
W E
B E L I E V E
T H I S
— Literally & Figuratively —
Handcrafted by female artisans who receive Fair Trade wages, annual profit dividends and a retirement fund.
__________
We support our partners in the community — like The Conscious Merchant — making the world a better place because we are all in this together.
June 3, 2021 BLUE ROOM Meeting #054
Thursday
June 3, 2021
12 PM
BLUE ROOM
MEETING NUMBER
#54
__________ __________
Second Hands
Second Halves
Second Chances
__________ __________
Thursday
June 3, 2021
12 PM
BLUE ROOM
MEETING NUMBER 54
My name is Asher Nyhoff and I am from San Diego, California, but grew up in Canada. I am a sophomore at Dartmouth College in Hanover, New Hampshire, majoring in Government and minoring in Economics with another likely minor in History. At Dartmouth, I write for a non-partisan political publication, the Dartmouth Political Times, and am a member of the Parliamentary Debate team. Prior to college, I represented Canada internationally in debate. Outside of class I love hiking and skiing, always keen on spending time with my friends outdoors. Debate drove my initial interest in markets and my courses at Dartmouth bolstered this interest in learning more about investing and financial analysis. Blue Room’s focus on sustainable and impact-driven investing was incredibly attractive as an internship opportunity. I am inspired by Blue Room’s multidimensionality and commitment to supporting the arts, agriculture, and philanthropy. At Blue Room, I am responsible for coverage of Nike which has been an incredibly exciting company to cover as it increasingly transitions to digital distribution channels and leads the athletic footwear and apparel industry in sustainability, innovation, and social equity. It has been valuable to work with the full-time Blue Room team to gain both the quantitative and qualitative skills necessary to conduct analysis on potential investments. Beyond that, the unique cultural ethos of Blue Room—ranging from Thursday meetings to thought-provoking Slack discussions—has challenged me to critically consider my identity and place in the world.
P L E A S E E N J O Y T H E
—WEEKLY—
company updates
from the BR intern team.
Aidan Fetterly
Ticker: TTWO
Name: Take-Two Interactive Software, Inc.
Number of Shares Outstanding: 115.11M
Market Capitalization: $21.568B
Stock Price History
May 17, 2021 $168.22
May 18, 2021 $167.69
May 19, 2021 $179.35
May 20, 2021 $185.08
May 21, 2021 $184.36
May 24, 2021 $185.02
May 25, 2021 $184.62
May 26, 2021 $185.67
May 27, 2021 $186.48
Over the last two weeks, TTWO shares have experienced a profound recovery, with the share price rising more than 10% since its earnings call on May 18. Reporting on both fourth-quarter and full-year results for its 2021 fiscal year, CEO and Chairman Strauss Zelnick, President Karl Slatoff, and CFO Lainie Goldstein announced that Take-Two achieved nearly $3.6 billion in net bookings for the year ended March 31, marking not only a 20% increase year-over-year, but also a record high for the company. Further, the company reported that Q4 net income reached $219 million, exceeding previous guidance by nearly 100%. While the company's officials stressed impending moderation of the positive industry trends ignited by stay-at-home orders, the historically conservative Zelnick openly touted Take-Two's potential moving forward, highlighting the firm's 60-game pipeline and current, immersive-core titles as catalysts that will allow the company to "establish new records of operating results, even above the spectacular performance [they] delivered this past year." A full transcript of the earnings call can be found here:
LINK: https://docs.google.com/document/d/1YY8YyCW2Fq9jMsDNgUra6ZQJ-8MsSeC3366rC-ISl6w/edit?usp=sharing
Emma Leary
Ticker: MSFT
Name: Microsoft Corporation
Shares Outstanding: 7.53B
Market Cap: $1.85T
Microsoft Corporation develops, licenses and supports software, services, devices and solutions worldwide. MSFT has been a notable leader in the technology industry for decades now as the company was founded when the era of personal computers was emerging in 1975. The company currently offers three main segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
Recent Stock Price History:
May 24, 2021 $247.79
May 25, 2021 $251.77
May 26, 2021 $251.43
May 27, 2021 $251.17
May 28, 2021 $251.00
June 1, 2021 $251.23
June 2, 2021 $248.13
June 3, 2021 $245.22
Microsoft is making a strong effort to partner with and acquire businesses in a range of industries as shown through their acquisition of Nuance and this past week, their partnership with Morgan Stanley and acquisition of ReFirm Labs. With security playing an increasingly important role in the technology industry, Microsoft’s acquisition of ReFirm Labs shows their dedication to the issue. This acquisition will enable Microsoft to better provide firmware analysis and security on intelligent edge devices which essentially means that their cloud computing services will be even more secure. With Microsoft working to shift their business model toward the cloud, increasing its security and efficiency indicates the beginning of their long-term cloud computing goals.
Microsoft also recently partnered with Morgan Stanley. Their partnership benefits both companies and works to increase Morgan Stanley’s digital transformation and shape the future of innovation in the financial services industry. Both the companies will collaborate to utilize Microsoft's cloud services in order to provide a specific view toward the challenges of financial services and enabling Morgan Stanley to accelerate the modernization of its IT environment to enhance client, employee and developer experiences. Microsoft’s work to expand its services to a diverse range of industries such as healthcare, finance, and security show the company’s drive to keep up with the highly dynamic and competitive tech industry.
Julian Martelly
Ticker: AMGN
Name: Amgen, Inc.
Number of Shares Outstanding: 577.57M
Market Capitalization: $145.371B
Stock Price History:
May 14, 2021 $251.38
May 17, 2021 $252.38
May 18, 2021 $250.86
May 19, 2021 $248.63
May 20, 2021 $251.93
Amgen, Inc. Executive Summary
A biotechnology pioneer since 1980, Amgen is a values-based company dedicated to delivering innovative human therapeutics to areas of highly unmet medical need. These areas include: cardiovascular disease, oncology, bone health, neuroscience, nephrology and inflammation. Over the years, it has grown into one of the world’s leading independent biotechnology companies, reaching millions of patients around the globe. Most recently, Amgen is in the drug application process. Two examples of this can be seen with the U.S. Food and Drug Administration’s (FDA) acceptance of Amgen’s supplemental new drug application for Otezla – a product designed to address adults with mild to moderate plaque psoriasis, and that has the potential to be the first and only approved oral therapy for the mild to moderate population. The second example is the submission of a Biologics License Application (BLA) to the FDA for tezepelumab, a product shared equally between Amgen and its partner AstraZeneca, designed to be a potential first-in-class medicine for severe asthma. Moving forward, it will be interesting to see how the FDA responds to these applications, as it can truly determine where Amgen lies among its competitors.
Julia Martin
Ticker: TSLA
Name: Tesla, Inc.
Number of Shares Outstanding: 963.33M
Market Capitalization: $607.71B
Stock Price History
May 24, 2021 $606.44
May 25, 2021 $604.69
May 26, 2021 $619.13
May 27, 2021 $630.85
May 28, 3021 $625.22
June 1, 2021 $623.90
June 2, 2021 $605.12
June 3, 2021 $572.84
June 4, 2021 $599.05
Tesla, Inc., produces electric vehicles and clean energy generation, storage and consumption solutions. Tesla is focused on accelerating the integration of clean energy transportation and production into society in order to more quickly achieve a zero-emission future. Additionally, all of the new automotive products include self-driving capabilities, and continuing to develop this Autopilot capability is at the core of Tesla.
Tesla has had a few production difficulties recently. There has been a global chip shortage that has put pressure on many technology-based companies, including Tesla, as these chips are essential to computerized aspects of Tesla vehicles such as self-driving capabilities. This supply-chain shortage has forced Tesla to increase the prices of Model 3 and Model Y cars. While this shortage affects many companies and Tesla has been able to manage better than competitors by finding suppliers, it is still taking its toll on its current production abilities. Additionally, Tesla is recalling about 700 Model 3 vehicles that were imported into China, citing potential seat belt issues or tire-pressure related problems. While these concerns could increase the risk of collision, no crashes or injuries have occurred. Tesla is notifying customers and conducting free inspections and repairs. Tesla vehicles have long held a five-star safety rating from the National Highway Traffic Safety Administration (NHTSA). Recently, this standard was dropped as Tesla its their Autopilot autonomous technology to rely only on camera sensors. While the NHTSA feels this change creates unreliable and unsafe self-driving abilities in vehicles, Tesla believes that autonomous technology can be successful utilizing only camera sensors and is thus on the frontier of autonomous driving technology.
Asher Nyhoff
Ticker: NKE
Name: NIKE, Inc.
Number of Shares Outstanding: 1.27B
Market Capitalization: $211.985B
Stock Price History:
May 20, 2021 $133.27
May 21, 2021 $132.66
May 24, 2021 $134.06
May 25, 2021 $134.32
May 26, 2021 $136.89
May 27, 2021 $136.93
May 28, 2021 $136.46
June 1, 2021 $134.51
June 2, 2021 $134.17
June 3, 2021 $134.17
NIKE, Inc. is the largest seller of athletic footwear and apparel in the world. NIKE sells its products primarily through brick-and-mortar stores, however, NIKE has increasingly focused on digital sales through its direct-to-consumer strategy.
NIKE has experienced another week of relative stock decline, falling from a high of $136.93 on May 27 to $133.17 on June 3. NIKE recently revealed its collection with Tennis player, Naomi Osaka, and has come out in support of her decision to withdraw from the French Open. Osaka’s corporate sponsor since 2019, NIKE affirmed their support for Osaka’s decision to prioritize her mental health over playing in the tournament.
In other sponsorship news, Vanessa Bryant, wife of the late Kobe Bryant, expressed frustration at the leak of the NIKE “Mambacita” shoe she partially designed to honor her late daughter. The controversy arose from the fact that Bryant had not approved the shoes for sale and in consideration of the end of the Bryant estate’s contract with NIKE last month.
Partnerships with athletes remain a key part of NIKE’s corporate strategy and as such, close coverage of changes in NIKE’s partner roster is important as we approach NIKE’s Q4 earnings release.
Elizabeth Orecchia
Ticker: HLT
Name: Hilton
Shares Outstanding = 277.45M
Market Cap = $34.52B
Stock Price History
May 7, 2021 $123.44
May 10, 2021 $121.58
May 11, 2021 $121.83
May 12, 2021 $118.29
May 13, 2021 $120.16
May 14, 2021 $123.61
May 17, 2021 $121.71
May 18, 2021 $120.79
May 19, 2021 $120.57
Hilton Worldwide Holdings Inc. was founded in 1919 and is headquartered in McLean, Virginia. It owns, leases, manages, develops and franchises hotels and resorts. It operates through two segments: Management and Franchise, and Ownership. The Virginia-based company engages in the hotel management and licensing of its brands. As of December 31, 2020, it had approximately 6,478 properties operating under the Hilton label, with more than one million rooms in 119 countries and territories.
Number of hotel rooms = 1,019,287
Market capitalization of the company at 52-week high stock price = 35,768,854,000
Market capitalization of the company at 52-week low stock price = 17,332,301,500
Market capitalization of the company at 52-week high stock price / Number of hotel rooms = 35,092
Market capitalization of the company at 52-week low stock price / Number of hotel rooms = 17,004
Kat Paradise
Ticker: NTRS
Name: The Northern Trust Corporation
Number of Shares Outstanding: 208.11M
Market Capitalization: $25.20B
Stock Price History:
May 21, 2021 $118.16
May 24, 2021 $119.88
May 25, 2021 $120.27
May 26, 2021 $120.95
May 27, 2021 $121.46
May 28, 2021 $120.69
June 01, 2021 $121.50
June 02, 2021 $ 120.47
June 03, 2021 $120.82
June 04, 2021 $119.81
The Northern Trust Corporation is a preeminent global financial institution that provides asset servicing, investment management and wealth management services for institutions along with
high-net worth individuals and families. In recent news, Northern Trust (Nasdaq: NTRS) announced it is providing middle office services for Martin Currie Investment Management (Martin Currie) in the United Kingdom (UK). Martin Currie is a long-term global equity growth investor with assets under management (AuM) of £15.4 billion (approximately US$21.2 billion). It is a specialist investment manager of parent company Franklin Resources, Inc., a global organization with AuM totaling US$1.5 trillion (all figures as of 31 March 2021). In addition, Northern Trust announced that Angelo (Ange) Calvitto will lead its asset servicing business across the Asia-Pacific region.Calvitto who was most recently country head for Northern Trust in Australia will succeed William Mak who is retiring from the company after 11 years. Mak led the expansion of Northern Trust’s footprint across the Asia-Pacific region from Singapore, which this year celebrates 25 years since it was first established as Northern Trust’s regional headquarters. Today the company has 11 offices across the region.
Max Pumilia
Ticker: LOW
Name: Lowe’s Companies Inc
Number of Shares Outstanding: 715M
Market Capitalization: $137.62B
Stock Price History
May 24, 2021 $190.66
May 25, 2021 $193.02
May 26, 2021 $193.60
May 27, 2021 $193.77
May 28, 2021 $194.83
June 1, 2021 $191.85
June 2, 2021 $190.77
June 3, 2021 $190.30
Lowe’s Companies, Inc. is an American retailer specializing in home improvement products. With almost 2,200 locations and more than 300,000 employees across the U.S. and Canada, Lowe’s has firmly established itself as the second-largest retailer in its industry, trailing only Home Depot. In 2020, Lowe’s posted its most successful year ever, servicing approximately 20 million customers weekly and generating $90 billion in annual sales. These sales, a product of the consumer’s increased interest in home improvement through the COVID-19 pandemic, represent an almost 24% increase in revenue year over year. Comparatively, between 2016 and 2019, revenue saw under 3% annualized growth. Valuations have reflected the operational success of this period: stock prices have grown more than 50% since the start of 2020 and more than tripled since the low point of the pandemic.
Last Wednesday (5/19), Lowe’s announced its Q1 earnings. While the report exceeded investor expectations with YoY revenue growth of almost 26%, they fell significantly short of Home Depot’s numbers. On Tuesday, Home Depot reported over 30% revenue growth compared to Q1 2020. Hence, in spite of exceeding earlier projections, Lowe’s earnings proved disappointing. This sentiment combined with broader market conditions to drop valuation over the course of the past week. Since last week’s earnings, the stock has been quite stagnant.
Taurus Samuels
Ticker: TGT
Name: Target Corporation
Number of Shares Outstanding: 497.57M (as of May 20, 2021)
Market Capitalization: $103.B (as of May 20, 2021)
Stock Price History:
May 07, 2021 $214.01
May 10, 2021 $213.34
May 11, 2021 $208.56
May 12, 2021 $202.30
May 13, 2021 $207.93
May 14, 2021 $210.48
May 17, 2021 $209.34
May 18, 2021 $206.43
Dividend Paid ($0.68)
May 19, 2021 $219.01
May 20, 2021 $221.66
Target Corporation is a retailer based in Minneapolis, Minnesota, founded in 1902. As of January 30, 2021, it has over 1,500 stores across the United States. It offers an array of products to its customers, such as various merchandise, everyday essential items, clothing and food. In many of its locations, it has also partnered with other companies, such as CVS Pharmacy, Inc., to provide its customers with access to a pharmacy when shopping at their stores.
Target Corporation had its Q1 earnings call on the morning of May 19, 2021. It reported an adjusted earnings per share of $3.69, growing 525% from the previous year. Its total revenue was reported at $24.4B, also growing 23.4%, with sales growth growing 23.3% and other revenue growing 30.4%. Although 2020 was an inflated year for TGT, with sales surging, even when Q1 of 2021 is compared to the 2019 Q1, its numbers are still very impressive. Target’s sales were up 37.26% when compared to 2019, and its operating income was up 111.45% as well.
Target also reported that its increased sales were led by the Apparel category, which saw 60% of growth. Although 60% growth is huge, the growth itself is not at all surprising. The stimulus checks have fueled many consumers’ wants to get back out and shop in person. This, the vaccine rollout, and the news of many states opening back up in the summer, have collectively been a huge reason why apparel was the category that saw the biggest growth, because many consumers are wanting to buy new clothes to go out in this summer.
— NO GOODBYES —
just
Closing Remarks
Dear Intern Class of Spring 2021,
Thank you for your hard work, your positive attitude, your willingness to learn, YOUR RESEARCH! and your ability to open up at Blue Room to participate in and help grow our culture. We are determined to make the world a better place and you are a conduit in helping us achieve that. You are all incredibly bright and determined — we are very grateful for your commitment. We look forward to keeping in touch and seeing your faces in the future!
Togetherism lead, Nina Sohn, found this insightful challenge as we all think about returning to life post pandemic and making sense of this new reality. How do we make sure we don’t take it all for granted again?
The Challenge
Take a fresh look at the people, places and things in your life. Now snap a photo. It could be a building you haven’t noticed before, a tree in your yard, children playing or your pet.
When we make an effort to notice our surroundings or show appreciation for the people, places or things that make us happy, it’s called “savoring.” Scientists know that savoring exercises can lead to meaningful gains in overall happiness and well-being.
10% OF ALL BLUE ROOM REVENUES GO DIRECTLY TO FUND OUR NON PROFIT TOGETHERISM.
WE CAN ACCOMPLISH ANYTHING TOGETHER.