Clothing and cryptocurrency are just two ways celebrities are growing their brands. Plus, retail is embracing automation as merchants push for omnichannel brands, and the sports memorabilia business is waiting to see how Fanatics’ reported $500 million acquisition of Topps will change the industry.
Data
$500M: Reported price Fanatics will pay to acquire Topps
70: Years Topps had a licensing deal with Major League Baseball before Fanatics took it over
19: Number of times Michael Jordan has appeared on the Wheaties box
$1.7B: Kanye West’s revenue from his Yeezy apparel line
92%: Share of consumers who have made at least one online purchase