CBX Daily 8/14/2024

Author

CultureBanx Team
August 14, 2024

Today Black entrepreneurs are building and thriving, but let’s start with how school’s back in session but so is the spending…

Cultural Intelligence Download

Back To School Retail Vibes Reaching $31 Billion

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Getting your kids ready to take on a new school year won’t be cheap as shoppers plan to spend more on back-to-school gear this year. Despite an unpredictable back-to-school environment, overall spending is expected to increase to $31.3 billion for K-12 students, according to a Deloitte Survey. Parents plan to spend an average of $586 per child, as tech gear takes over back-to-school spending.

Are Black Entrepreneurs The Architects Of America's Prosperity?

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Reflecting on the journeys of Black entrepreneurs underscores the enduring resilience and profound impact they have made on America's economic fabric. From Frank McWorter to Madam C.J. Walker to Robert F. Smith, and everyone in between, let’s explore the lives and legacies of the Black entrepreneurs who are redefining the essence of American prosperity.

How Betting Sites Score Big On Political Upheavals

CBX Vibe:

(S&P 500 +0.47%) can reportedly predict election outcomes with an 83% accuracy rate. Historically, bets have often been placed on events surrounding entertainment particularly sports. With the rise of online betting platforms and digital technology, their scope has greatly amplified and now includes bettors who stake their fortunes on an array of real-world occurrences, from reality TV show outcomes to papal elections, and even political events.

SPILL Brings New Investors Into Its Inclusive Social Media Conversation

CBX Vibe:

Culture-focused social media has emerged as a powerful force, reshaping the digital landscape and giving voice to underrepresented communities. That’s where social media app SPILL, a culturally relevant fun, safe, rewarding way for people to connect online through visual conversations, and its co-founder Alphonzo “Phonz” Terrell, is setting his platform apart. SPILL is using its latest capital injection from new investors bringing it’s total funding to $5 million, to further show how cultural moments are leveraged to boost engagement, advertising revenue and inclusivity.

Supply Struggles To Keep Up As Women's Sports Merch Tops $4 Billion

CBX Vibe:

The women's sports market has come a long way with a remarkable surge of $4 billion. However, even with a burgeoning demand for women’s sports merch, the availability and variety of merchandise remain insufficient. The situation is dire as 60% of women expressed interest in purchasing merch but were unable to because of little to no inventory. This highlights a missed earning potential in the market.

Vibes of the Week

Back-to-school vibes this year are anything but ”Simple” Chloe x Halle sing their hearts outs. Get into it in our CBX Vibes!